In 2021, under the environment of global energy supply shortage, China’s coal price also rose sharply. Although the market coal price has fallen steadily with the promotion of the policy of ensuring supply and stabilizing price, the performance of coal listed companies in 2021 is still greatly expected.
On March 3, Shanxi Coal International Energy Group Co.Ltd(600546) ( Shanxi Coal International Energy Group Co.Ltd(600546) ) disclosed that the performance express of 2021 showed that during the period, the company’s total operating revenue, operating profit, total profit, net profit, deducting non net profit and basic earnings per share increased by more than 30% over the same period of last year. At the end of the reporting period, the owner’s equity attributable to the shareholders of the listed company and the net assets per share attributable to the shareholders of the listed company also increased by more than 30% compared with the beginning of the reporting period.
According to the announcement, Shanxi Coal International Energy Group Co.Ltd(600546) achieved a total operating revenue of 48.137 billion yuan in 2021, an increase of 35.9% over the same period last year, an operating profit of 11.088 billion yuan, an increase of 459.14% over the same period last year, and a net profit of 4.948 billion yuan, an increase of 498.67% over the same period last year.
Shanxi Coal International Energy Group Co.Ltd(600546) it has formed a relatively independent and perfect coal domestic and foreign trade production and sales system covering the main coal producing areas, covering important transportation lines and occupying the main sea ports. The coal mines of the company are distributed in Datong, Xinzhou, Linfen, Changzhi, Jincheng and other places.
The company said that the upward performance of the company in 2021 was mainly due to the continuous improvement of the prosperity of the coal industry, the continuous rise of coal market prices and the significant increase of the company’s profitability. At the same time, the company fully implemented lean management, scientifically controlled costs, moderately released advanced production capacity, guaranteed energy supply and greatly optimized asset quality.
Despite the steady implementation of China’s policy of ensuring supply and stabilizing prices, industry enterprises still reap considerable profits under high coal prices.
In addition to Shanxi Coal International Energy Group Co.Ltd(600546) , many listed coal enterprises in Shanxi, including Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) , Shan Xi Hua Yang Group New Energy Co.Ltd(600348) , Shanxi Coking Coal Energy Group Co.Ltd(000983) , Shanxi Meijin Energy Co.Ltd(000723) , Shanxi Meijin Energy Co.Ltd(000723) , etc., have predicted that the net profit will increase greatly in 2021, of which Shanxi Lu’An Environmental Energydev.Co.Ltd(601699) is expected to reach about 6.8 billion yuan.
With the significant increase in performance, the share prices of individual stocks in the coal sector also increased significantly At the beginning of the year, the highest increase was recorded at 17.52 yuan / share, which was the lowest at the beginning of the year.
On March 3, China’s coal sector also led the market for a time. The data show that the sector has reached a new high since the end of September. Since this year, the share prices of most stocks in the coal sector have risen as a whole, and the cumulative increases of Pingdingshan Tianan Coal Mining Co.Ltd(601666) , Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) and Jinneng Holding Shanxi Coal Industry Co.Ltd(601001) during the year have also reached more than 50%.
According to the analysis of cctd China coal market network, international coal prices are rising under the recent conflict between Russia and Ukraine. Among them, the FOB price of various calorific value thermal coal in Indonesia increased by about US $10-20 / ton on a weekly basis, that of 5500 kcal thermal coal in Australia increased by about US $20 / ton on a weekly basis, that of 5500 kcal thermal coal in Richards port, South Africa increased by about us $200 / ton on a weekly basis, and that of 6000 kcal thermal coal in three European ports also increased by about US $115 / ton on a weekly basis. In terms of coking coal, the FOB price of Fengjing main coke in Australia increased by about $20 / ton on a weekly basis, and the FOB price of low volatile hard coking coal on the east coast of the United States increased by about $30 / ton on a weekly basis. However, the impact of Russia’s coal “cut-off” on China will be relatively limited.
At present, the national coal supply level has been significantly improved, and the coal output has rebounded to a high level. However, due to the impact of the epidemic, the coal transportation efficiency of the origin has been greatly reduced in some production areas. The superposition of large mines is dominated by power coal and long-term cooperation, and the export volume has been reduced, resulting in tight supply and demand in the origin market. After recent active hauling in the downstream, the terminal coal storage will gradually accumulate. In the first ten days of March, the average temperature in most parts of the country was 1-3 higher than that in the same period of the year. With the warming of the weather, the civil power load fell, and the accumulation of port inventory, the market supply and demand situation will ease. It is expected that the coal price will gradually fall in mid March.
