Coal carrier in western China leads energy development

Recently, Shanxi Coal Industry Corporation (hereinafter referred to as Shaanxi Coal Industry), the only listed platform for Shaanxi Coal Group's coal assets, applied for the initial public offering of A shares, which was reviewed and approved at the 193rd meeting of the China Securities Regulatory Commission's Issuing Committee. This marks that Shaanxi Coal, one of China's 2011 largest A-shares issuance plates, will soon debut in the capital market and will become the third largest listed company in Chinese coal companies. People in the industry exclaimed that a billion-ton-class coal carrier is on the rise of this hot land in western China.

Shaanxi Coal Industry is a subsidiary of the Shaanxi Coal Chemical Industry Group, established in 2008. It is the only provincial super coal enterprise that integrates production, transportation and sales into one. The company has a complete coal production, sales and transportation system, and has extensive interests in coal mining, operations, sales, processing and comprehensive utilization. In 2010, Shaanxi Coal Industry achieved 84.36 million tons of raw coal production, a compound annual growth rate of 52.91%; operating income of 31.74 billion yuan, a compound annual growth rate of 50.36%; attributable to the parent company's net profit of 5.47 billion yuan, a compound annual growth rate of 71.77%. Since the establishment of the restructuring, Shaanxi Coal has achieved high-speed growth for three consecutive years, which is much higher than the industry average.

Relying on its strength, the company has been making waves and relying on imposing momentum to carry out lofty advances. There are many indications that Shaanxi Coal has a unique advantage in its development and its growth performance can be sustained.

Rich reserves, continue to force scientific development. The main coal mining area in Shaanxi Province is located in Shaanxi, a province with a large coal resource. The province has proven reserves of 167.8 billion tons, ranking third in the country. As one of the two development entities identified by the country as a large-scale coal base in northern Shaanxi, the Shaanxi coal owner's production and mining area is an ideal site for modern large-scale mines because of its excellent coal resources, good geological conditions, simple geological structure, and low coal seam gas content. . As of June 30, 2011, Shaanxi Coal had a geological reserve of 17.407 million tons and recoverable reserves of 10.510 billion tons, ranking among the foremost listed coal companies in China.

Convenient transportation, transport advantages are increasingly prominent. Shaanxi, as a bridgehead for the development of China's western regions, connects things and communicates between the north and the south. It is the nearest province to the west of China where coal is the main consumer. There is a large-scale east-west energy artery in the province, the Bohai Sea line, and the Taichung Yin-line crossing. The north-south trunk line runs west through the Baoxi Double-track. The important branch lines Houxi, Xikang, Xihe, and Suifeng meet here, forming a powerful transportation network. In the next few years, the "two vertical, five horizontal, eight radiant and inter-city" railway networks will basically form. The Shaanxi-based coal industry is financing the construction of a new coal pipeline project from Shenshen, starting from Shenmu in the north to Weinan in the south, with a total length of 748 kilometers and a designed annual coal transmission capacity of 10 million tons. After completion, it will become the longest coal pipeline in the world. Shaanxi coal industry location and transportation advantages are more prominent.

Mature management, accumulating over and over. Inheriting the rich management experience and deep industry accumulation of its holding company, Shaanxi Coal Chemical Group, Shaanxi Coal has core competitiveness in mine safety production and brand operation and management, forming a rationally-disposed market network, and in the electronic trading and construction of coal. The entire value chain of the coal industry has been actively explored and practiced, and breakthroughs have been made.

According to Hua Wei, chairman of Shaanxi Coal Chemical Group and chairman of Shaanxi Coal Industry, “In 2010, Shaanxi Coal Chemical Industry Group achieved sales revenue of 51.6 billion yuan and net profit of 8.682 billion yuan, ranking the latest among China’s top 500 companies. Ranked 158th, ranks 35th in the top 200 enterprises in China in terms of profit, ranking first among Shaanxi's shortlisted companies in terms of growth rate and efficiency rankings. This achievement has been largely attributed to the coal sector, that is, the strong pull of Shaanxi coal industry. With reference to the coal industry's average price-earnings ratio of 20 times, the Shaanxi coal industry after listing of Shaanxi Coal is expected to reach a total market value of nearly 160 billion yuan.” There are also authoritative sources in the industry. After the listing of Shaanxi Coal, the raised funds will drive direct investment to reach 1,000. Over 100 million yuan, the added value of industrial added value is over 600 billion yuan, and the newly added profits and taxes are more than 30 billion yuan, which directly promotes the extension of the coal industry chain in Shaanxi Province and promotes the development of coal mining and mining industry to high-tech modernization and large-scale development, thus establishing Shaanxi as a nationwide The first province of coal chemical industry. At that time, Shaanxi Coal will also become the largest listed company in the northwest, marking a major step in Shaanxi's asset equity.

Reminisce about the past, hurricane Muyu, hustle and bustle; look at the present, Chunhua Qiushi, and then a great picture. In the fall of 2011, Damei Shaanxi will be destined for rejuvenation and gather sights from all corners of the country. The Shaanxi Coal Industry, a billion-ton-class coal carrier carrying the heavy responsibilities of “promoting the wealthy people of the western economy in the western region”, will set sail here. Drive to a wider world.