On the evening of March 30, Wintime Energy Co.Ltd(600157) released the announcement on the pre increase of performance in the first quarter. The company expects to realize the net profit attributable to the shareholders of the listed company in the first quarter to be 300 million yuan – 350 million yuan, a year-on-year increase of 917903 million yuan – 142 million yuan, an increase of 44.09% – 68.10%; The net profit after deducting non recurring profit and loss was 276 million yuan to 326 million yuan, with a year-on-year increase of 175 million yuan to 225 million yuan, an increase of 172.81% – 222.24%.
The company said that in the first quarter of 2022, the production and operation of the company were normal, the operating performance increased steadily and the development continued to be good. In addition, the company’s coal sector performed well, and the sales price of coking coal increased year-on-year, which significantly increased the company’s profit in the first quarter.
According to the monitoring of business society, the coking coal price rose as a whole in March and fell at the end of the month. At the beginning of the month, the average market price was about 260833 yuan / ton, and at the end of the month, the average market price was 2875 yuan / ton, with a price increase of 14.06% and a price increase of 95.94% over the same period last year.
Wintime Energy Co.Ltd(600157) has high-quality coal resources. The company has a total of 3.838 billion tons of coal resources, including 914 million tons of high-quality coking coal resources and 2.924 billion tons of high-quality power coal resources. The high-quality coal resource reserve and the scarce annual output of 10 million tons of coking coal provide a solid guarantee for the continuous growth of the company’s business performance.
