同花顺数据显示，截至今日，6个月以内，共有18家机构对公司的2024年度业绩作出预测，预测最小值为34.17亿元，最大值为46.61亿元。Affected by factors such as the decline in coal prices, Pingdingshan Tianan Coal Mining Co.'s net profit in the first half of the year decreased by nearly 40% year-on-year; the net profit of other coal stocks such as Jizhong Energy Resources and Shanxi Coking in the first half of the year also decreased by more than 70%.
According to Caixin, due to pressures of coalmine production and insufficient downstream industry demand, both the coal production volume and price of Pingdingshan Tianan Coal Mining Co. in the first half of the year decreased, and its net profit decreased nearly 40% year-on-year.
Pingdingshan Tianan Coal Mining Co., which has a total market value of approximately 25 billion yuan, released its 2024 interim report. During the reporting period, the company achieved an operating income of 16.254 billion yuan, a year-on-year increase of 1.78%; the net profit attributable to shareholders was 1.393 billion yuan, a year-on-year decrease of 37.66%.
According to data from Hithink Royalflush Information Network, as of today, within six months, a total of 18 institutions have made predictions for the company's 2024 performance with a predicted minimum of 3.417 billion yuan and a maximum of 4.661 billion yuan.
However, financial reports for other coal companies also show that their performance was generally under pressure in the first half of the year, such as net profit decreasing 70.26% for Jizhong Energy Resources (000937.SZ), projected net profit decreasing 58.88%-63.29% for Lanhua Sci-Tech Venture (600123.SH), projected net profit decreasing 78.78%-84.23% for Shanxi Coking (600740.SH) and projected net profit decreasing 52.58%-59.12% for Shanxi Coal International Energy Group (600546.SH).
Pingdingshan Tianan Coal Mining Co. stated in its interim report that in the first half year of 2024, the domestic coal industry was affected by severe safety conditions and insufficient downstream industry demand, and both the coal production volume and price decreased compared to the same period last year; the national coal import volume set a new high, with cumulative coal imports of 250 million tons, a year-on-year increase of 12.5%, and 57.39 million tons of imported coking coal, a year-on-year increase of 25.83%.
According to the company's published operating data for July, the company had an output of 14.2082 million tons of raw coal in the first half of the year, a 7.56% year-on-year decrease; coal sales volume was 13.4875 million tons, a 13.2% year-on-year decrease; and the sales revenue and gross profit of commodity coal decreased year-on-year by 5.12% and 12.72%, respectively.
Public information shows that Pingdingshan Tianan Coal Mining Co.'s main business is coal mining, washing, processing and sales, with products mainly being clean coal and mixed coal. Among them, clean coal products can be divided into main coking coal, 1/3 coking coal, fat coal, etc., mainly used by the steel and chemical industries; mixed coal also known as thermal coal, mainly used by the electrical utilities and building materials industries.
Looking back on the first half of the year, coal prices were under pressure due to factors such as power plants holding the inititative with high inventory and negotiating advantages in prices, and high import impact on the coal industry. In terms of demand, Pingdingshan Tianan Coal Mining Co. indicated that in the first half of 2024, due to no visible improvement in downstream demand, steel companies and traders had low purchasing demand, with just rational demand-buying and low inventory levels being maintained. Industry insiders told Caixin that coal price trends mainly depended on downstream demand. Currently, coal demand is average while supply is very stable.