The performance of the hottest listed coal compani

2022-07-29
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The performance of listed coal companies with overcapacity fell in the first quarter of 2015

the performance of listed coal companies with overcapacity fell in the first quarter of 2015

China Construction Machinery Information

continued "cold winter" in the industry, resulting in a general drop in the performance of listed coal companies in the first quarter

according to the announcement of Xishan coal power, it is estimated that the net profit in the first quarter of this year will reach RMB 71.04 million to 94.72 million, a decrease of 60% to 70% compared with RMB 236.81 million in the same period last year. In this regard, Xishan coal power said that the sharp drop in performance was mainly affected by the national macro-economy, the coal industry and downstream steel, coking and other industries continued to be depressed, and the structural surplus situation of the coal industry did not improve. In 2015, the coal market price continued to decline, while the sales volume of some coal types of the company decreased, and the financial expenses increased, resulting in a large year-on-year decline in performance

the situation of Jizhong energy is worse than that of Xishan coal power. Jizhong energy expects the company to achieve a net profit of 5million to 10million yuan in the first quarter of this year, compared with 73749700 yuan in the same period of last year, a year-on-year decrease of 86.44% to 93.22%. Jizhong Energy said that the sharp drop in performance was mainly affected by overcapacity and declining demand in the coal market. The company's coal price fell sharply year-on-year, resulting in a significant decrease in sales revenue

Jiaozuo Wanfang is similar. Due to the year-on-year decrease in the production, sales and sales price of the associated company Jiaozuo coal industry group Zhaogu (Xinxiang) energy Co., Ltd. during the reporting period, the year-on-year decrease in the investment income recognized by the company, and the year-on-year decrease in the sales price of aluminum products during the reporting period, Jiaozuo Wanfang expects the company to achieve a net profit of RMB 25million-30million in the first quarter of 2015, a decrease of 51.49% to 59.57% compared with RMB 61.8378 million in the same period last year

some companies even suffered losses or further aggravated losses. For example, Pingzhuang energy is expected to have a loss of 27million to 280million yuan in the first quarter of this year, but the previous manufacturing equipment and processes are far from meeting today's needs by 0 million yuan, while the company's performance in the same period of last year was a net profit of 13.9936 million yuan. The reason is that it is also difficult to escape the "common problem" of the industry. Another example is coal gasification. The company lost 674% in the first quarter of last year and then began normal operation 97900 yuan. This year, it is expected that the loss in the first quarter will expand to 200million yuan to 230million Yuan due to the continuous downturn of the coal market and the continued decline in the prices of raw coal and clean coal

moreover, the performance of some listed companies only involved in the coal industry was affected. For example, yuehongyuan a, which is mainly engaged in real estate, said in the performance forecast of the first quarter that the company's raw coal mining business was affected by the implementation of coal mine integration, the production of Hetaoping coal mine was stopped for technical transformation, the capacity of meigou coal mine was insufficient, and the coal price was depressed, so the overall revenue decreased, and the net profit was in advance. The company expected to lose 10million yuan to 20million yuan. The company made a profit of 8.1382 million yuan in the same period last year

the dismal performance of listed companies reflects the downturn of the industry. The first quarter national coal production and sales report released by the China Coal Industry Association recently showed that the national coal output in the first quarter was 850million tons, a year-on-year decrease of 3.5%; China's coal sales reached 800million tons, a year-on-year decrease of 4.7%. In the first two months, 90 large enterprises lost 13.1 billion yuan, accounting for more than 80% of the losses; China imported 32.04 million tons of coal, a year-on-year decrease of 45.3%. At the same time, the whole society has stored more than 300million tons of coal for 39 months

according to wangxianzheng, President of China Coal Industry Association, the current coal economy is at a low level, which is difficult to change in the short term, the recent recovery of prices is weak, the difficulties of enterprises are intensifying, and the whole industry will face an overall loss situation. However, in the medium and long term, the coal industry has space, market and prospect for development

interestingly, the continuous decline of coal market price has not only added sorrow to coal enterprises, but also brought joy to some enterprises using coal as raw materials

xinnengtai mountain is a typical case. The company announced today that it is expected to achieve an annual net profit of more than us4 billion yuan to 33.1 million yuan in the first quarter of this year, an increase of 300.97% to 349.90% compared with 7.3572 million yuan in the same period last year. The company said that the substantial increase in performance was mainly due to the continuous decline of domestic coal prices during the period, the year-on-year reduction of the company's fuel costs, the enhancement of the profitability of power generation business, and the substantial year-on-year increase in operating performance. Similar enterprises include Jidian Co., Ltd. and Ganneng Co., Ltd. the former is expected to have a year-on-year increase of 67.29% to 82.37% in net profit in the first quarter, while the latter is expected to have a year-on-year increase of 14.6% in total profit due to the decline in coal prices and operating costs of thermal power plants

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