Incremental transformation of stock efficiency improvement China Coal Xinji Energy Co.Ltd(601918) 2021 net profit increased by 187%

On April 22, China Coal Xinji Energy Co.Ltd(601918) released its annual report. In 2021, the operating revenue was about 12.489 billion yuan, a year-on-year increase of 49.48%; The net profit attributable to shareholders of listed companies was about 2.434 billion yuan, a year-on-year increase of 187.32%.

During the reporting period, driven by reform and innovation and based on safety and stability, the company comprehensively focused on the development idea of “stock efficiency improvement and incremental transformation”, accelerated the construction of a “3 + n” high-quality development industrial pattern, strengthened and optimized the traditional coal and power industry, vigorously developed new energy and other emerging industries, and gradually created a new situation of integrated development of coal, coal and power and new energy.

In 2021, the company produced 169603 million tons of commercial coal, with a year-on-year increase of 4.86%; The sales volume of commercial coal was 169007 million tons, with a year-on-year increase of 7.27%; The on grid power consumption was 9.921 billion kwh, with a year-on-year increase of 4.20%; The operating revenue was 12.489 billion yuan, a year-on-year increase of 49.48%; The total profit was 3.289 billion yuan, and the net profit attributable to the owner of the parent company was 2.434 billion yuan, with a large year-on-year increase. During the reporting period, the value preservation and appreciation rate of state-owned capital was 133.57%.

China Coal Xinji Energy Co.Ltd(601918) said that in the future, the company will thoroughly implement the new energy security strategy of “four revolutions and one cooperation”, actively integrate into the national Yangtze River Delta integrated development and Huaihe River ecological economic belt, grasp the development orientation of Anhui Province to build an energy base in Northern Anhui and undertake industrial transfer agglomeration, adhere to the general tone of seeking progress while maintaining stability, and follow the development idea of “stock efficiency improvement and incremental transformation”, Practice the concept of “safe and efficient development, green and low-carbon development, reform and innovation development”, build and improve the “3 + n” industrial development pattern focusing on coal, coal power and new energy, and the coordinated development of comprehensive energy services and comprehensive utilization of resources, and build the company into a multi-functional, green and low-carbon, intelligent and efficient energy demonstration enterprise in East China.

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