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    600096   CNE000000S01

YUNNAN YUNTIANHUA CO., LTD.

(600096)
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Yunnan Yuntianhua : China stocks post weekly gains as investors bet on policy support

07/16/2021 | 03:37am EST

* SSEC -0.7%, CSI300 -1.1%

* HK->Shanghai Connect daily quota used -3.8%, Shanghai->HK daily quota used 2.8%

* FTSE China A50 -1.5%

BEIJING, July 16 (Reuters) - China stocks posted weekly gains, as investors took comfort in the central bank's surprise decision to cut the amount of cash that banks must hold as reserves to help underpin the country's post-COVID economic recovery. ** The Shanghai Composite index closed 0.71% lower at 3,539.30 on Friday, while blue-chip CSI300 index was down 1.1%, extending losses from midday. ** For the week, CSI300 gained 0.5%, while the SSEC added 0.43%. ** The consumer staples sector was down 1.86% for the day, the material index fell 1.81% and the information and technology sub-index slipped 0.22%. ** China's central banks made a surprise cut in banks' reserve requirement ratio (RRR) last Friday, releasing around 1 trillion yuan in long-term liquidity, lifting hopes for further policy supports throughout the week. ** Investor sentiment was also lifted by better-than-expected June activity data including retail and industrial output, driven by a rebound in developed market demand coupled with the sluggish recovery in Southeast Asian exporters. ** "For China, the economy has fully recovered and the vaccination process is progressing rapidly," Jian Shi Cortesi, Investment Director of Asian Equities with GAM Investments said. ** "All of these factors should translate into strong corporate earnings growth and be positive to stock prices for the rest of the year," she added. ** Brokerages recommended sectors with long-term growth potential, as well as investment themes including clean energy and self-sufficiency in key technologies such as semiconductors, software, and Internet of Things. ** Renewable energy stocks jumped on Friday after China opened its long-awaited national carbon emission trading scheme, with nitrogenous fertilizer manufacturer Yunnan Yuntianhua Co surged by 10% daily limit. ** "(But) as uncertainties about (China's) monetary policy and sector regulation persist, (it is) likely putting pressure on stock valuations," said Zhu Chaoping, Global Market Strategist with J.P. Morgan Asset Management. ** The smaller Shenzhen index ended down 0.96% and the start-up board ChiNext Composite index was weaker by 2.961%. ** Around the region, MSCI's Asia ex-Japan stock index was weaker by 0.37%, while Japan's Nikkei index closed down 0.98%.

(Reporting by Cheng Leng and Andrew Galbraith; Editing by Sherry Jacob-Phillips)


ę Reuters 2021
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Financials
Sales 2021 60 555 M 9 546 M 9 546 M
Net income 2021 3 106 M 490 M 490 M
Net Debt 2021 - - -
P/E ratio 2021 13,7x
Yield 2021 0,26%
Capitalization 42 499 M 6 699 M 6 700 M
Capi. / Sales 2021 0,70x
Capi. / Sales 2022 0,68x
Nbr of Employees 11 845
Free-Float 43,4%
Chart YUNNAN YUNTIANHUA CO., LTD.
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Yunnan Yuntianhua Co., Ltd. Technical Analysis Chart | 600096 | CNE000000S01 | MarketScreener
Technical analysis trends YUNNAN YUNTIANHUA CO., LTD.
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TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 23,13 CNY
Average target price 22,97 CNY
Spread / Average Target -0,69%
EPS Revisions
Managers and Directors
Zhou Quan Cui General Manager & Director
De Hong Zhong CFO, Board Secretary & Director
Wen Han Duan Chairman
Chun Mei Zhou Chairman-Supervisory Board
Hong Bin Li Independent Director
Sector and Competitors