On March 3, Shanxi Coal International Energy Group Co.Ltd(600546) ( Shanxi Coal International Energy Group Co.Ltd(600546) , Shanxi Coal International Energy Group Co.Ltd(600546) ) released a performance express that the company achieved a revenue of 48.137 billion yuan in 2021, an increase of 35.90% year-on-year; The net profit attributable to the parent company was 4.948 billion yuan, a year-on-year increase of 498.67%; The basic earnings per share was 2.5 yuan, a year-on-year increase of 495.24%.
For the performance growth, Shanxi Coal International Energy Group Co.Ltd(600546) said that it was mainly affected by the continuous improvement of the prosperity of the coal industry and the continuous rise of coal market prices. The company released advanced production capacity moderately, and the asset quality was greatly optimized.
In 2021, the average market price of Qinhuangdao Power Coal q5500 was 1031 yuan / ton, an increase of about 79% over the average price of 577 yuan / ton in 2020.
Guotai Junan Securities Co.Ltd(601211) research report said that Shanxi Coal International Energy Group Co.Ltd(600546) performance exceeded expectations, mainly because the company’s coal was sold at market price. According to the company’s interactive platform, the pricing mechanism of the company’s self-produced coal is to calculate the price base according to the latest survey data in the second half of each month, and then determine the final price according to different types of customers. Therefore, the company has great flexibility in the price of tons of coal and can fully enjoy the dividend of upward cycle of coal price.
Shanxi Coal International Energy Group Co.Ltd(600546) was founded in 2000 and listed on the Shanghai Stock Exchange in July 2003. Its main business is new energy development, investment in coal and coke industry, storage and export of coal coke and its by-products, and logistics information consulting services. The controlling shareholder of the company is Shanxi coal import and Export Group Co., Ltd. (holding 59.98%), and the actual controller is Shanxi SASAC. As of the closing on March 3, Shanxi Coal International Energy Group Co.Ltd(600546) closed at 12.18 yuan / share, up 5.73% on the same day, with a total market value of 24.146 billion yuan.
