Shanxi coking coal net profit in the first half of the year increased by 192.9% year -on -year, and will restart the Huajin Jiao Coal acquisition plan

21st Century Business Herald reporter reported in Xi'an early in the morning

Affected by the high prosperity cycle of the coal market, Shanxi coking coal has achieved double growth in revenue in the first half of the year.

On the evening of the 8th, Shanxi Coking Coal (000983.SZ) released a semi -annual performance report that the operating income achieved operating income of 27.713 billion yuan in the first half of the year, an increase of 44.14%year -on -year; Essence

The 21st Century Economic Herald reporters called Shanxi Coking Coal to learn that one of the main factors of net profit increase was the price. Last year, coal prices fluctuated greatly, benefiting from coal prices increased year -on -year, and the company's net profit was greatly increased.

As a leading company in the coke industry, Shanxi Coking Coal has long been engaged in the production, washing processing, sales and power supply of coal for a long time, and related businesses such as mining development, design, construction, construction, construction, and power equipment production and operation. Among them, the main products are coal, power thermal power, coke and chemical products.

"Rising coal prices is the direct reason for the increase in the profit increase of coal companies. From the perspective of the industry, due to the change in the change of supply and demand and market switching, the higher coal price has led to a significant increase in the overall industry's profit." Lin Boqiang, dean of the China Energy Policy Research Institute of Xiamen University.

Coal and coke revenue accounted for more than 80%

In terms of revenue composition, in the first half of the year, coal and coke contributed 82.37%of revenue, and the rest were composed of power thermal power, other coke chemical products, construction materials, and other revenue.

Among them, the gross profit margin of coal products reached 70.36%, an increase of 19.84%year -on -year; the gross profit margin of coke products was 2.94%, a year -on -year decrease of 1.26%. The gross profit margin of power thermal products was -8.52%, a year-on-year decrease of 1.97%.

Benefiting from the increase in coal product revenue, the net cash flow generated by the company's operating activities in the first half of the year reached 5.868 billion, a year -on -year increase of 52.62%.

The financial report shows that the company has an annual output of about 35 million tons of raw coal, and the annual output of scorching coal, fertilizer coal, lean essence, and essence coal is about 4.5 million tons, 3.5 million tons, 2.5 million tons, and 4 million tons.

"The main long -term scarcity of coking coal products has led to the market in a state of long -term tightness," said Shanxi Coking Coal Company.

In fact, in the past two years, due to the long -term supply and demand of the coking coal market, the price of coking coal products is difficult to decline, and some related products are even high. For example, the market price of the main coke coking coal reaches up to 3300 yuan/ton in the second quarter, a larger increase from the same period last year. In addition, the price of other coking coal -to -coal -equipped prices also increased to different levels.

In response to the industry situation, Shanxi Coking Coal stated in the financial report that since the context of economic stable recovery this year, the coal industry has fully implemented the decision -making and deployment of the Party Central Committee and the State Council, and has made its efforts to increase production. The overall production is stable, the import of coal inlet has dropped rapidly, the supply and demand of the coal market is two vigorously, the price of coal fluctuates high, and the industry's benefits have gradually recovered.

Restarting Huajin Jiao Coal Acquisition Plan

On the same day of the annual interim report, Shanxi coking coal announced the suspension announcement of the major asset reorganization.

The announcement shows that the listed company is planning to purchase 51%of the equity of Huajin coking coal held by the controlling shareholder Jiao Coal Group by issuing shares and payment cash, while raising supporting funds. Essence

According to relevant laws and regulations such as the "Administrative Measures for the Reorganization of Listed Companies", the above is expected to constitute a major asset reorganization, and at the same time, it constitutes related transactions, but it does not constitute a reorganization listing. Shanxi Coking Coal Stocks have suspended trading since opening the market on August 9. It is expected to disclose the transaction plan within no more than 10 trading days.

According to the data, Huajin Coking Coal, the target of the transaction, was established in February 2001. The business scope is mineral resources mining (coal mining); power business (power generation business); power supply (power distribution business, electricity sales business), etc.

In fact, in order to expand production capacity, Shanxi Coking Coal plans to acquire the parent company's Huajin coking coal. Affected by Ping An Securities 'punishment, Shanxi Coking Coal announced that the company's financial adviser Ping An Securities was adopted by the Securities Regulatory Commission to adopt the qualifications of suspension of sponsors' qualifications, and the current period has not expired.

On June 26, 2022, the Securities and Futures Commission of the company issued shares to purchase assets and raised supporting funds for the suspension of review.

Will the above acquisition parallel plan restart within the year?

To this end, the 21st Century Economic Herald reporter called Shanxi Coking Coal and learned that at present, the company is actively trying to promote the relevant work, and will start the plan afterwards.

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