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Pingdingshan Tianan Coal Mining (601666.SH): Plans to launch employee stock ownership plan in 2024.
GeLongHui September 24th | Pingdingshan Tianan Coal Mining (601666.SH) announced the employee stock ownership plan for 2024. The total number of participants in this employee stock ownership plan is approximately 2,000 people, and the specific number of participants depends on the company's selection and distribution as well as the actual payment by employees. The source of the stocks in this employee stock ownership plan is the company's repurchased shares in the special securities account for repurchases. Employees are expected to receive no more than 28.44 million shares of the company's repurchased shares, accounting for approximately 1.15% of the company's total equity on the date of the employee stock ownership plan draft announcement.
GF Securities: Coal prices are stable with an upward trend. In August, thermal power generation increased by 3.7% year-on-year, and the non-electric peak season demand is expected to improve.
The overall price of coal has stabilized and rebounded. Although there is still pressure on short-term macro demand, considering the decrease in inventory at all links, the seasonal rebound of non-electric demand, and the support of supply-side constraints, it is expected that coal prices will stabilize and slightly rebound.
Pingdingshan Tianan Coal Mining (601666.SH): The long-term contract price of coking coal was lowered in September.
Pingdingshan Tianan Coal Mining (601666.SH) stated on the interactive platform that there is no change in the company's annual production plan for raw coal and clean coal. The long-term contract price for coking coal was lowered in September, and the negotiation for the fourth quarter long-term contract price has not yet begun. There is no specific plan for the merger of Liangbei No.2 Mine.
CICC: More coal companies increase mid-term dividends, Q2 volume increases, prices decrease, and profits continue to decline.
In the first half of 2024, the production of raw coal in 2024H1 continued the supply guarantee policy and reached 2.266 billion tons, but due to safety supervision strengthening and shanxi production restrictions, the production of raw coal in 2024H1 decreased by 1.5% year-on-year.
Pingdingshan Tianan Coal Mining (601666.SH) has repurchased 1.15% of its shares and completed the repurchase plan.
Pingdingshan Tianan Coal Mining (601666.SH) announced that on September 2, 2024, the company completed this share buyback...
Zhongtai Securities: Autumn construction demand improves marginally, and coal prices are expected to resume an upward trend.
Due to the impact of the devaluation of old specifications of threaded steel and weak demand in the off-season, there have been more steel plants shutting down for maintenance. The overall performance of the steel industry in August was weak, and now the peak season in September is approaching.
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