The supply and demand of the coal market for two prosperity 14 coal companies are expected to double the net profit in the first half of the year

Reporter Liu Huan

On July 15th, coal companies such as Jingyuan Coal Power and Jizhong Energy disclosed the semi -annual performance forecast in 2022. It is expected that net profit will increase significantly in the first half of the year.

According to the Flush iFind data, as of July 15, 25 coal companies have released semi -annual performance previews, of which 22 of them have increased their net profit in the first half of the year, of which 14 have increased by more than 100%year -on -year.

Chen Jia, a researcher at the Institute of International Currency of Renmin University of China, said in an interview with the Securities Daily reporter: "In the first half of this year, in the context of the supply and demand of the coal industry and high prices, corporate performance growth was expected."

Multiple coal companies have pre -increased performance

Among the 14 companies that increased by more than 100%year -on -year net profit in the first half of the year, Shanmei International is expected to achieve net profit of 3.2 billion yuan to 3.6 billion yuan in the first half of this year, a year -on -year (after retrospective adjustment) increased by 278.25%to 325.53%; It is estimated that the net profit attributable to mothers in the first half of the year will be 2.5 billion yuan to 2.68 billion yuan, a year -on -year increase of 279.01%to 306.30%; the large energy energy is expected to achieve net profit of 688 million yuan to 1.018 billion yuan in the first half of the year, a year -on -year increase of 198%to 341% ; Pingmei Co., Ltd. is expected to achieve a net profit of 3.366 billion yuan in the first half of the year, a year -on -year increase of 218.15%; Jingyuan Coal Power is expected to achieve a net profit of 650 million yuan in the first half of the year, an increase of 126.74%year -on -year.

Regarding the main reasons for pre -performance, Jingyuan Coal Power said: "During the reporting period, the price of coal increased year -on -year, affecting the company's operating efficiency."

The motherland of the chief analyst of the hydrogen energy industry of CITIC Securities said: "In the first half of 2022, the overall coal price maintained a high level, and the average price of most coal types increased by more than 50%year -on -year."

Specifically, the price of non -tobacco -free coal increased the most year -on -year, exceeding 80%, metallurgical coal prices rose by more than 70%year -on -year, and the price of power coal increased smaller year -on -year, but also exceeded 50%.

Among them, in the first half of this year, the market price of 5500 calories of 5500 calories in Qinhuangdao Port was 1250 yuan/ton, which was 1.27 times the same period in 2021, which was 2.2 times the same period in 2019, with an annual compound growth rate of 60.13%.

The coal plate is expected to maintain a high prosperity

On the supply side, data from the National Bureau of Statistics show that in the first half of this year, my country ’s production of raw coal was 2.19 billion tons, an increase of 11%year -on -year. Chen Jia believes that this data shows the overall supply level of the domestic coal industry, and also determines the domestic coal market pattern under the conditions such as energy and dual carbon strategies.

"At the demand side, due to the increasing international energy crisis this year, the pace of domestic coal companies' production restrictions has changed, and the demand for electricity stimulated by high temperatures in summer is high. In addition In addition, the demand for coke and other products in the steel industry has gradually expanded. As a result, the domestic coal market demand is strong. "Chen Jia said.

The motherland said, "Looking forward to the second half of the year, the overall demand of the coal sector will improve significantly in the first half of the year. On the one hand, the recovery and re -production after the epidemic will increase the increase in energy consumption. Based on the stable growth policy, the scale of the demand for coking coal and cement coal is expected to stabilize. Although the consumption of coal consumption throughout the year is difficult to increase significantly, due to the low demand base from March to May, it is not difficult to achieve positive growth in the second half of the year. , Overseas coal prices are expected to maintain strong winter season, which will effectively support domestic price expectations. "

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