On March 10, Wintime Energy Co.Ltd(600157) announced that according to the company’s preliminary accounting, from January to February 2022, the company achieved a total operating revenue of about 4.7 billion yuan, an increase of about 50% year-on-year; The net profit attributable to the shareholders of the listed company was about 160 million yuan, a year-on-year increase of about 60%.
Wintime Energy Co.Ltd(600157) 1 the reorganization will be completed in December 2020, and 2021 is the first year for the company to resume normal development after the reorganization. Although the rising price of power coal increased the business cost of the company’s power sector, the coal sector performed well. The year-on-year increase in coking coal sales and the year-on-year increase in coking coal sales price significantly increased the company’s profits. According to the previously announced performance forecast, the company’s net profit after deducting non recurring profits and losses reached 785 million yuan to 945 million yuan in 2021, with a year-on-year increase of 301.99% to 383.92%.
While doing a good job in the existing main coal power industry, Wintime Energy Co.Ltd(600157) is actively transforming and distributing to new energy business. At the end of July 2021, Huayuan new energy, a Wintime Energy Co.Ltd(600157) subsidiary, also signed a strategic cooperation agreement with Three Gorges power to jointly develop new projects in the fields of photovoltaic, wind power, smart integrated energy, energy storage and so on; In December 2021, Huaying Shandong, a wholly-owned company of Wintime Energy Co.Ltd(600157) and Guoneng Shandong, a wholly-owned company of national energy, jointly established a new energy company to jointly develop and construct photovoltaic and other new energy projects.
In addition, the company’s haizetan coal mine project was recently approved by the national development and Reform Commission. According to preliminary calculation, the project can realize an annual operating income of about 5 billion yuan, a net profit of about 2 billion yuan and an operating net cash flow of about 2.5 billion yuan.
Wintime Energy Co.Ltd(600157) said that in 2022, all business segments of the company developed well, and both revenue and profit maintained rapid growth. With the landing and implementation of a series of new projects, the company’s value will be further reflected and there will be more room for future development.
