On May 13, Jiangsu Xukuang Energy Co., Ltd. (hereinafter referred to as "Suneng Co., Ltd.") held the 2023 annual and first quarter 2024 results briefing on the Shanghai Stock Exchange, and conducted in-depth communication with investors, shareholders, family members, netizens and friends on the company's economic operation, development performance and future strategic planning. Suneng's high-quality development has been fruitful, and its achievements have been widely praised.
Feng Xingzhen, Secretary of the Party Committee and Chairman of Xuzhou Mining Group, Chairman of Suneng Co., Ltd., Chen Ning, Member of the Party Committee and Chief Accountant of Xuzhou Mining Group, and Chairman of the Board of Supervisors of Suneng Co., Ltd.; Zhang Zhiyuan, director and general manager of Suneng Co., Ltd., Wang Zhiqiang, deputy general manager and secretary of the board of directors of Suneng Co., Ltd., Wu Mengyun and Wang Houhai, independent directors of Suneng Co., Ltd., and Cui Hengwen, financial director of Suneng Co., Ltd., attended the event.
Suneng shares are shared by thousands of families
In his speech, Feng Xingzhen expressed his gratitude to the majority of investors and netizens. He said that in the past year, Suneng shares and all shareholders' families side by side, heart to heart, breathe together, share fate, fight together, work together, have won the highest credit rating of 3A, shortlisted in China's top 500 listed companies in market capitalization, successfully entered the "CSI 500" index, among the top 8 listed coal companies in the industry. In 2023, a dividend of 2.824 billion yuan will be distributed, with an annual cash dividend ratio of 117.87%, and the high-quality development will be at the forefront of the national industry, and it will be awarded the honorary titles of "Jiangsu High-quality Development Benchmark" and "Jiangsu Corporate Social Responsibility Model" in 2023.
In the past year, the construction of 3.32 million kilowatts of high-efficiency generating units in Inner Mongolia has been accelerated, the first million-kilowatt large-scale coal-fired power unit in Jiangsu during the 14th Five-Year Plan has been completed and put into operation, and large-scale new energy projects such as wind, solar and energy storage with a total installed capacity of 700 megawatts in Shaanxi, Inner Mongolia and Jiangsu have been fully started.
Coordinate the upgrading of traditional industries, the growth of new industries, and the cultivation of future industries, establish Suneng Technology Company, establish Jiangsu Energy Resources Industry Research Institute, accelerate the development of new quality productivity, and build the first batch of intelligent demonstration coal mines in the country with 2 pairs of mines, which have been selected into the "2023 5G Factory Directory" of the Ministry of Industry and Information Technology of the People's Republic of China, and won the first prize of the "First State-owned Enterprise Digital Scene Innovation Competition" by the State-owned Assets Supervision and Administration Commission of the State Council, writing a new "spring story" in the field of energy resources.
Together, the possibilities are endless
Feng Xingzhen said that Suneng is the Suneng of all shareholders. Standing at a new starting point, hand in hand, closely focusing on serving the national strategy and the overall development of Jiangsu, firmly grasp the core function of ensuring the security of energy resources, firmly grasp the primary task of high-quality development, and firmly grasp the original mission of letting all Suneng people live a good life, focus on the renewal of coal-based industries, the expansion of new industries, and the iterative innovation of science and technology, accelerate the construction of a new development pattern of "one core and two poles" with coal-based main industry as the core, development and utilization of strategic mineral resources and the development of new energy as the growth pole, and strive to build the main force of energy resource security. The main position of new quality productivity and the demonstration of common prosperity state-owned enterprises will effectively realize the benefits of enterprises, safeguard the interests of shareholders, and fulfill social responsibilities to create infinite possibilities.
Zhang Zhiyuan said in his thanks that Suneng will accelerate the deep integration of the digital economy and the real industry, promote the high-end, intelligent and green industry, strive to take the lead in the development of new quality productivity, and give back to shareholders, families and all walks of life with better governance capabilities, better development models and higher profitability.
Wang Zhiqiang introduced the operating performance of Suneng in 2023 and the first quarter of 2024.
Brilliant performance witnessed together
In the past three years, Suneng's operating performance has maintained steady growth, with a total revenue of nearly 39 billion yuan and a total profit of nearly 10 billion yuan.
In the past year since its listing, Suneng has developed strongly, achieved outstanding results, and fully completed various indicators. In 2023, the company will achieve operating income of 12.029 billion yuan and net profit attributable to the parent company of 2.396 billion yuan, maintaining a high level of profitability. The company's assets further expanded, with total assets increasing by 19.26% year-on-year. In the first quarter of 2024, the company's revenue capacity remained stable and continued to improve, the asset-liability ratio decreased steadily, and the ability to resist risks continued to increase.
In the north and south of the Tianshan Mountains, a large-scale comprehensive energy base integrating coal and electricity will be built. Suneng Tianshan Mining Co., Ltd.'s production capacity has been increased to 8.5 million tons/year, and the largest underground coal mine in Xinjiang and the first batch of "intelligent demonstration coal mines" in the country have been built.
In Shaanxi, Suneng Guojiahe Coal Co., Ltd. has built a model enterprise of the fourth generation of coal mines in China's coal industry.
In Inner Mongolia, Suneng Co., Ltd. relies on the Xilin Gol League-Taizhou ± 800 kV UHV channel to accelerate the construction of two UHV supporting projects. The country's first million-kilowatt lignite generating unit - Suneng Co., Ltd. Ulagai 2×1 million kilowatt unit project has completed 65% of the total engineering volume.
Suneng Co., Ltd.'s Baiyinhua 26×660,000 kW unit project has been vigorously promoted, and the total underground pipe network has been completed by 50%. After the two projects are put into operation, they can supply 16.6 billion kWh of electricity to Jiangsu every year.
Suneng Coastal Power Sheyang Port Million Kilowatt Unit Project successfully completed 168 hours of full-load trial operation and was successfully put into operation, becoming the first coal-fired power project in Jiangsu Province to be put into operation during the 14th Five-Year Plan.
Suneng Co., Ltd. has completed 55 new energy projects and completed 24 projects. Suneng is inlaying 400 MW wind and solar project, Shaanxi Linyou 100 MW photovoltaic project, and 200 MW energy storage power station project in the province are advancing at full speed.
The expansion of non-coal mineral resources is accelerating, relying on the integration of resources in Jiangsu Province and the strategic cooperation opportunity between Xu Mining Group and Jiangsu Provincial Geological Bureau, actively developing strategic mineral resources around 12 minerals such as nickel, iron, copper, zinc, gold and strontium required by Jiangsu, and making every effort to build a good business format with two-way force and two-wheel drive of energy and resources.
The R&D expenses of Suneng Co., Ltd. in 2023 will be 323 million yuan, accounting for 2.69% of operating income, undertake 1 national and provincial key R&D plan, and win 31 provincial and ministerial science and technology awards and management innovation achievements, 43 invention patents, and 10 postdoctoral funds, of which the number of invention patents will increase by 2.5 times over the previous year, creating the best level in history.
In the investor communication session held on the same day, Suneng Co., Ltd. gave detailed answers to the questions that investors are generally concerned about.
Kong Wen Li Ben