China Fortune News On the evening of October 27, Yongtai Energy disclosed the third quarter performance report, achieving a double increase in revenue and net profit. Benefiting from the year-on-year increase in coal production and sales and the year-on-year increase in the price of coking coal products, Yongtai Energy achieved operating income of 18.427 billion yuan from January to September 2021, an increase of 17.09% year-on-year; the net profit attributable to shareholders of listed companies was 716 million yuan, an increase of 261.01% year-on-year.
The main coal power industry runs smoothly and the performance has a lot of room for improvement
As an integrated energy supplier, Yongtai Energy's main business includes three major business segments: electric power, coal and petrochemical. Under the advantage of giving full play to the advantages of coal resource endowment, the location advantage of power plants, the advantages of collaborative comprehensive utilization of coal power industry resources and the advantages of safety management, Yongtai Energy's business has been running smoothly and its performance has achieved stable growth。
Among them, in the coal sector, due to the sustained and stable recovery of the domestic macro economy in the first three quarters and the strong seasonal coal demand, Yongtai Energy's coal production and sales increased together. According to the financial report data, from January to September, the raw coal output was 8.0345 million tons, an increase of 11.45% year-on-year, the sales volume was 8.0738 million tons, an increase of 12.46% year-on-year, the output of washed refined coal was 2.4838 million tons, an increase of 15.10% year-on-year, and the sales volume was 2.4028 million tons, an increase of 12.71% year-on-year.
Yongtai Energy is rich in coal resources, with a total of 3.838 billion tons of coal resources, under the domestic policy of "coal supply assurance", Jintaiyuan Coal Mine and Sendayuan Coal Mine, which belong to Yongtai Energy, were included in the coal mine in October as a coal mine in Shanxi Province in 2021, with a total net increase capacity of 900,000 tons/ year and a total of 225,000 tons of increased output in the fourth quarter of 2021. At the same time, Yongtai Energy actively tracks relevant policies and promotes the application for nuclear increase in the production capacity of Nanshan Coal Mine, and with the release of production potential, the company's performance still has a large room for improvement.
In terms of power business, Yongtai Energy achieved power generation of 23.659 billion kWh and sold 22.440 billion kWh of electricity from January to September, excluding the relevant indicators of the original holding subsidiary SDIC Nanyang Power Generation Co., Ltd., the company's power generation and on-grid electricity increased by 4.81% and 4.82% respectively year-on-year. Although the price of coal this year is at a high level, Yongtai Energy combines the performance of the unit, reasonably mixes economic coal to promote the reduction of coal costs, actively participates in auxiliary services such as in-depth peak regulation and frequency regulation, continues to develop the heating and steam supply markets, vigorously develops, continuously optimizes the allocation of resources, improves the utilization rate of resources, and maintains the stable operation of the power business.
At present, the company has obtained 1.6 million tons of coal resources in Shanxi, Shaanxi and Inner Mongolia, and with the implementation of the long-term coal price, the cost of coal-fired power generation will be effectively reduced. In addition, the policy of increasing electricity prices by 20% in Jiangsu and Henan provinces has been landed, and the coal-fired power plants affiliated to Yongtai Energy have met the relevant conditions for the rise in electricity prices, and the work is being implemented in an orderly manner in accordance with relevant policies, and the company's performance will also be strongly guaranteed.
Multi-project synchronous promotion long-term development support is strong
Mineral resources are the valuable wealth of Yongtai Energy, in order to improve the comprehensive utilization rate of mineral resources, Yongtai Energy continues to excavate and cultivate new economic growth points.
First of all, under the opportunity of Shanxi Province's active promotion of "coal and aluminum resource co-mining pilot", Yongtai Energy fully promoted the coal and aluminum resource co-mining project and carried out the exploration of coal aluminum resources. According to public information, its current five coal mines, such as Jintaiyuan Coal Mine and Dangdangling Coal Mine, have completed the investigation of the bauxite prospecting stage, and some coal mines have passed the review of professional institutions. Yongtai Energy said that in accordance with relevant policies, yongtai energy will orderly promote the exploration and approval and acquisition of aluminum resources under coal, and strive to achieve a breakthrough as soon as possible to enhance the company's asset value and economic benefits.
Secondly, Yongtai Energy actively promotes the "exploration and mining" work of Shaanxi Yihua Haizetan Coal Mine. The pre-supporting documents required for project approval, such as coal capacity replacement, construction project code, social stability maintenance analysis and evaluation, pre-examination and site selection opinions for project land use, and delineation of mining area scope, have all been approved by the competent authorities, and the resource price has been paid in full. At present, the project approval declaration report has been reviewed by the county-level competent department and reported to the municipal competent department, and strives to obtain the approval of the National Development and Reform Commission by the end of 2021. After the completion of the "exploration and mining", the value of the project will also be greatly improved.
In addition, shale gas projects are also being promoted in an orderly manner. Yongtai Energy's Guizhou Shale Gas Project has organized experts to carry out single-well evaluation, fracturing geological design and preliminary review of fracturing engineering design, etc., and is optimizing the relevant schemes of geological design and engineering design, and will advance the follow-up work in an orderly manner after the formal review is completed.
New energy projects are orderly promoted, and the pace of strategic transformation is steady
Recently, the State Council issued the "Carbon Peak Action Plan before 2030", which proposes to promote the substitution and transformation and upgrading of coal consumption, comprehensively promote the large-scale development and high-quality development of wind power and solar power generation, and accelerate the construction of a new power system. Yongtai Energy has made substantive measures on the road of energy transformation, while doing a better and stronger coal power main business, and orderly promoting new energy projects such as energy storage, hydrogen energy, and photovoltaics.
In July this year, Yongtai Energy's subsidiary Huayuan New Energy signed a strategic cooperation agreement with Three Gorges Electric Energy Co., Ltd., in which the two sides will give full play to their respective advantages and jointly develop new projects in the fields of photovoltaic, wind power, smart integrated energy, and energy storage.
In terms of energy storage, Yongtai Energy will use its own advantages to carry out energy storage-related business on the power generation side, and at present, Yongtai Energy Zhangjiagang Shazhou Power-related Power Generation Side Energy Storage Project is being promoted in an orderly manner.
In terms of photovoltaics, under the background of actively promoting the pilot work of rooftop distributed photovoltaic projects in the whole county, and also supporting and encouraging qualified non-pilot areas to carry out the development of rooftop distributed photovoltaic projects, Yongtai Energy has actively developed new energy projects such as rooftop photovoltaics in many regions, including Henan and Jiangsu, and has achieved some preliminary results, and will strive to promote the landing and implementation of projects as soon as possible.
In addition, Yongtai Energy also actively implements biomass coupling power generation, of which the Zhangjiagang Shazhou Power Sludge Coupling Power Generation Project has been listed as one of the 84 coal-fired coupled biomass power generation technical transformation pilot projects in China, and the technical solution is at the leading level in China, and it is expected to be trial production before the end of the year. With the successful commissioning of the project, it will not only bring considerable income to Yongtai Energy, but also demonstrate its further construction of a clean, low-carbon, safe and efficient green energy system. (Yao Meng)
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