Benefiting from the simultaneous rise in the volume and price of main products, Shanxi Blue Flame Holding Company Limited(000968) 2021 achieved a red performance. On the evening of April 21, its annual report disclosed that it realized an operating revenue of 1.978 billion yuan in 2021, a year-on-year increase of 37.24%; The net profit attributable to the parent company was 305.1 million yuan, a year-on-year increase of 144.36%.
As the only A-share listed company specializing in the development and utilization of coalbed methane, Shanxi Blue Flame Holding Company Limited(000968) formed an integrated industrial chain of upstream, middle and downstream coalbed methane. In 2021, the sales volume of coalbed methane reached 1.099 billion cubic meters, an increase of 20.50% year-on-year. The company said that by accelerating the construction and operation of new wells, the technical transformation of increasing production of old wells and the upgrading and transformation of production system, the company can effectively promote the release of coalbed methane production capacity and the increase of gas volume.
In terms of resource reserves, Shanxi Blue Flame Holding Company Limited(000968) also increased efforts to strive for. It is disclosed that in 2021, five CBM exploration rights were obtained, covering a total area of 84.58 square kilometers. So far, 22 CBM mining rights have been held, with a total area of 2680 square kilometers.
Shanxi Blue Flame Holding Company Limited(000968) said that during the reporting period, the company was entrusted with the management of Shanxi coalbed methane, which not only helps to properly solve the problem of horizontal competition of listed companies, but also lays a foundation for the next step of asset injection, expanding the scale of main business and giving full play to the intensive effect of coalbed methane exploration and development.
In terms of sales channels, according to the principle of “nearby utilization and export of surplus gas”, the company provides stable gas source guarantee for Jincheng City, Changzhi City, provincial capital Taiyuan and adjacent counties and cities. In addition, with the advantage of the whole industry chain platform of Huaxin gas group, Shanxi Blue Flame Holding Company Limited(000968) accelerate the interconnection of pipe networks and broaden sales channels.
At the technical level, as one of the earliest CBM surface development enterprises in China, the company has established the comprehensive development mode of “integration of coal mining and gas production”. Based on its own professional and technical advantages, the company has carried out 15 R & D projects, including the Shanxi Energy Revolution project “research on Key Technologies of deep CBM exploration and development” and the Shanxi key technology project “anti injury fracturing technology and fracturing transformation effect evaluation technology of CBM”. In 2021, the company’s R & D investment reached 825993 million yuan, a year-on-year increase of 33.25%.
Resource reserves, channel advantages and technical strength have laid a solid foundation for the development of the company. The quarterly report disclosed on the same day showed that the company achieved a revenue of 519 million yuan in the first quarter, a year-on-year increase of 19.93%; The net profit attributable to the parent company was 272 million yuan, a year-on-year increase of 168.34%.
For the next business plan, the company said that it would adhere to the development concept of “reform and innovation, quality improvement and efficiency increase”, fully implement the three-year action plan for increasing storage and production of coal formed gas, and solve the problems of deep coalbed methane development by accelerating the progress of engineering construction, increasing production capacity, accelerating operation and production, strengthening production management, improving operation efficiency, and increasing scientific and technological innovation on the premise of ensuring production safety, Comprehensively promote the high-quality development of the company.
