No Data
No Data
Insufficient Growth At China Coal Xinji Energy Co.,Ltd (SHSE:601918) Hampers Share Price
China Coal Xinji Energy (601918.SH): As of the end of June 2024, the company's in-reserve mineral resources were 6.204 billion tons, and the existing mining rights extend to deep resources of 2.651 billion tons.
According to the investor relations activity record of China Coal Xinji Energy (601918.SH) on July 10th, the total area of the company's mine area is approximately 1,092 square kilometers, including a coal-rich area of 684 square kilometers, with a resource reserve of 10.16 billion tons, which accounts for about 40% of the total resource reserves of the four major coal companies in Anhui Province, based on the reply of Huainan Xinji Mining Area Overall Plan by the National Development and Reform Commission (NDRC Energy [2005] No. 2633). As of the end of June 2024, the company has a total of 5 production mines. The approved production capacity of the production mines are: Xinji Mine No.1 (1.8 million tons/year), Xinji Mine No.2
China Coal Xinji Energy (601918.SH): The coal supply for the newly constructed thermal power project is mainly from the self-produced coal of the company.
During recent institutional investor visits, China Coal Xinji Energy (601918.SH) stated that the primary source of coal for the company's new thermal power projects will be coal produced by the company itself. In addition, the company will also use Northern Coal and Long-term Contracts for the supply of coal, as well as imported coal, to ensure adequate coal supply for the project. Based on the transportation conditions of each thermal power project, the company has designed various transportation methods, including railway transportation, water transportation, or water-rail intermodal transportation, to ensure sufficient coal supply for the new thermal power projects.
China Coal Xinji Energy (601918.SH): The Yangcun Coal Mine, a part of the company's infrastructure, is in a state of reduced production.
China Coal Xinji Energy (601918.SH) recently stated during institutional investor visits that the company's infrastructure mine Yangcun Coal Mine is currently in a state of overcapacity reduction, and the current reconstruction work is still in the process of advancement, and has not yet obtained formal approval from relevant national departments. The company will fulfill its information disclosure obligations in a timely manner regarding the progress of this matter.
China Coal Xinji Energy (601918.SH) had a main coal sales revenue of 5.136 billion yuan from January to June, a decrease of 6.17% compared to the same period last year.
China Coal Xinji Energy (601918.SH) released its business data for the first half of 2024, from January to June...
Changjiang Securities: Focus on the second half of the peak season for power plants in August and September, and the resonance period of non-power peak season in October and November.
Zhì tōng cáijīng APP learned that Changjiang Securities released a research report stating that in the first half of 2024, domestic supply will continue to be constrained by safety supervision, and imports will continue to grow but their contribution will remain limited. In the first half of the year, the key lies in the fact that the demand side shows characteristics of being modest during both peak and off-peak seasons. Looking to the second half of the year, the fundamentals are stable and improving, coupled with current port inventories that are difficult to describe as abundant. It is expected that coal prices will be more likely to rise than fall in the second half of the year, with a focus on the period when non-electric peak season demand resonates with the period from the second half of August through to September, and the traditional peak period for non-electric demand from October to November. Taking into account the lifting of the coal price floor in 2024, the supply and demand of coal are expecte
No Data