Yongtai Energy: Net profit of 160 million yuan in the first two months of 2022, a year-on-year increase of 60% – yqqlm

　　Yongtai EnergyReleased on the evening of March 10thperformanceincreaseannouncementFrom January to February 2022, the company will achieve a total operating income of about 4.7 billion yuan, which will be attributable to listed companiesshareholderofnet profit160 million yuan, an increase of about 50% and 60% year-on-year respectively.

The company said that since 2021, the good results of the company’s reorganization have been highlighted, the operating performance has grown steadily, and the development has continued to improve. Up to now, all business segments of the company are running well. According to the company’s annual performance forecast, the company expects to achieve a net profit of 785 million yuan to 945 million yuan attributable to shareholders of listed companies in 2021, a year-on-year increase of 301.99% to 383.92%. The main reason for the expected increase is the outstanding performance of the coal sector, the year-on-year increase in coking coal sales volume and the year-on-year increase in coking coal sales price, which greatly increased the company’s profit.

Previously,Company AnnouncementThe affiliated Haizetan coal mine project has been approved by the National Development and Reform Commission. The project construction scale is 6 million tons per year, and the resource volume is 1.145 billion tons. The coal types are mainly high-quality thermal coal and chemical coal, with an average calorific value of more than 6500 kcal.After the project is completed and put into production, it can be realized every yearOperating incomeAbout 5 billion yuan, net profit of about 2 billion yuan, and operating net cash flow of about 2.5 billion yuan. After the approval, the value of the project has been greatly improved, which will provide a solid guarantee for the company’s subsequent development. On the basis of high-quality coal resources,Yongtai EnergyThe operating performance continues to grow significantly, and the future development will have more potential and stamina.

(Article source: ChinasecuritiesReport · China Securities Network)

Article source: China Securities Journal China Securities Network

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Original title: Yongtai Energy: Net profit of 160 million yuan in the first two months of 2022, a year-on-year increase of 60%