For this cyclical industry, it is recommended to hold it during the economic recovery period. Stagflation period or don't hold for a long time, do band!
Pingmei shares released annual report. In 20 10, the company's operating income was 22.904 billion yuan, up 2 1.5 1% year-on-year. The net profit attributable to shareholders of listed companies 1 .85 billion yuan, up 3 1.25% year-on-year, and the basic earnings per share1. The board of directors of the company decided to distribute 2 yuan to 3 shares for every 10 share based on the total share capital of1816,280,800 shares at the end of 20 10. [
The company also released the first quarter performance report of 20 1 1. 20 1 1 from the beginning of the year to March 3 1, the net profit attributable to shareholders of listed companies was 5 1 billion yuan, down 4.60% year-on-year, and the basic earnings per share was 0.28 10 yuan. [
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Coal production continues to grow at a high level: the company produced 39.8097 million tons of raw coal in 20 10, an increase of 2.405 million tons or 6.43% compared with 37.4047 million tons last year. The company's coal output is close to the 40 million tons mark, and the increase in the first half of the year is greater than that in the second half. The company plans to reduce the raw coal output by 37.5 million tons compared with 20 10, while the clean coal output is the same as 20 10, reaching 6 million tons. The main reason for the company's production slowdown in the second half of the year and 20 1 1 is that the company's production tends to be cautious after the safety production accident last year. [
With the increase of raw coal output, the sales volume of commercial coal in the company in 20 10 also increased compared with the previous year. In 20 10, the company's commercial coal sales amounted to 37.2872 million tons, an increase of 65.438+0.9952 million tons compared with 35.59438+0 million tons in 2009, with an increase of 7.88%. Among them, the sales volume of blended coal increased by 7.88% over the previous year, while the sales volume of clean coal decreased. [
The increase in coal sales price leads to an increase in revenue: in 2065,438+00, the company's operating income increased by 265,438+0.565,438+0%, partly because the sales of commercial coal increased by 4.75%, and more importantly, the average sales price of commercial coal increased year-on-year. [
In 20 10, the average selling price of the company's commercial coal was 488.23 yuan/ton, up 15.69% compared with 422.05438+0 yuan/ton in the same period last year. The company's blended coal price and clean coal price rose sharply compared with the previous year, and only other low-priced and small-quantity coal washing prices fell. [
The sharp increase in costs has greatly offset the positive increase in coal prices: the company's cost per ton of coal has been at a high level. For example, in 2009, the manufacturing cost of raw coal was 277.2 1 yuan/ton, and the operating cost per ton of coal was 348.64 yuan/ton, while the manufacturing cost per ton of coal in 20 10 rose to 3 17.06 yuan/ton. Due to the increase in production costs, the increase in coal prices only increased the gross profit margin of the company's coal business by 2.86 percentage points to 24.20%. [Mai Bo Huijin]
20 1 1 At the beginning of the year, the company's clean coal price was raised by 100 yuan/ton (including tax), and it is expected that the annual price will still be higher than 20 10. [
Integrating small coal mines and injecting assets into the Group will become the basis for the company's future coal production growth: according to the planning of Henan Province and Energy and Chemical Industry Group, the company is responsible for reorganizing small coal mines in Pingdingshan coalfield and some small coal mines in Jiaxian County, with 29 subsidiaries, including Third Ring Road, Qixing and Xiangshan, involving a coal production capacity of 4.65 million tons/year and a recoverable reserve of 34.42 million tons. The Company also acquired the exploration right of Niuzhuang Minefield in Ruzhou Coalfield, which belongs to Zhong Ping Nenghua Group. The main types of raw coal in Niuzhuang coalfield are coking coal and fat coal. The estimated resource reserve is 30.896 million tons, and the planned annual production capacity is 450,000 tons.
Through the integration of small coal mines and the injection of group assets, the company has continuously expanded its coal production capacity and laid a good foundation for the company to continue to increase its coal production in the future.