The growth of the company's performance was attributed to the restoration of orchids by Amtech Daning, which was listed on the Shanghai Stock Exchange on December 17, 1998 and was the first listed coal company in Shanxi. In 2011, the company's coal output reached 6.01 million tons. In the first half of this year, the coal output was 2,953,600 tons.
The coal and chemical business is the main source of income for Orchid Science and Technology. In recent years, the income from the coal and chemical industry of Orchid Science and Technology has been basically the same, but coal has contributed major sources of profit. In the first half of this year, before the merger offset, the coal revenue accounted for 46.28%, chemical revenue accounted for 47.33%, only coal contributed 90.68% gross profit, and chemical fertilizer industry only contributed 8.38% gross profit.
Shanxi Securities Analyst Zhang Hongbing analyzed that the resumption of production by Yamei Daning was the main reason for the growth of this year's performance by Orchid Science and Technology. In recent years, the business revenue of Orchid Science and Technology has maintained a relatively stable growth, and the net profit attributable to shareholders of the parent company has also been relatively stable. In this year, coal demand slowed down and coal prices fell, benefiting from the resumption of production of Amiens Daning. Although the revenue of Lanzhou Kechuang decreased by 1.03%, its net profit increased by 27% year-on-year. Its performance is listed in the listed coal companies. At the forefront.
Coal production capacity entering a steady release period In recent years, Lanzhou Branch created only four coal mines, namely the Fangfang, Tangan, Dayang and Wangyun mines, with an approved production capacity of 5.7 million tons/year, and coal production is also relatively stable. About 6 million tons, little increase. In Shanxi's resource integration, Lanzhou Branch created a number of coal resources and formed six integrated mines. At the same time, there is also a Yuxi mine under construction. The total production capacity is 7.8 million tons per year, which is even larger than the currently approved production capacity. It is expected that it will be gradually released in the next 2-3 years, which will form a strong support for its performance.
On November 2, Orchid Science and Technology announced that it plans to acquire a 51% stake in Shanxi Orchid Group Luhe Coal Co., Ltd. and a 53.2% stake in Shanxi Lanyuyu Coal Mine Co., Ltd., with a total capacity of 1.8 million tons per year.
In response, Zhang Hongbing believes that taking into account the two mines under construction, the integration of mines and the proposed acquisition, Lanzhou Branch created 9.6 million tons of production capacity will gradually enter the market in the next few years, is 1.68 times the current capacity; equity production capacity of 6.16 million Tons, is 1.08 times the current capacity. As the current production base of Orchid Science and Technology is relatively small, the release of these production capacities will greatly improve its performance.
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