Coal leader turns to top student in investment field
As for the main reason for the performance change this year, the company said that it was due to the termination of liquidation of the companys trust project - Western trust, Shaanxi coal and Zhuque industrial investment single fund trust on September 8, 2020, which made a great contribution to the companys current performance. It is understood that Shaanxi coal industry, which started its equity investment in 2017, has made a floating profit of more than 10 billion yuan by the end of June this year, with a yield of more than 100%.
Guosheng securities research paper pointed out that according to the initial estimate of the cost of investment in Longji shares and the market value of Longji shares held at the time of exit, this is expected to bring investment income of 3 billion to 4 billion yuan for the company. However, after the due liquidation of Zhuque, Shaanxi coal industry still directly held 3.88% of Longji shares.
The golden finger of Shaanxi coal industry is inseparable from the big man behind the scenes. It is reported that the company first identified two partners of Zhuque investment and Hejun investment, and established an investment consultant mode. Zhuque investment focuses on investment in new energy and new material industries in the secondary market; Hejun investment focuses on investment in energy Internet in the primary market to realize the combination of light and light; Tianfeng securities, a newly selected partner, focuses on investment in science and innovation enterprises in the primary market.
Zhang Rumin, director of Shaanxi coal industry, said that the original intention of equity investment is based on the change of energy industry in the future. The core of equity investment is to build an ecological system driven by industry + capital. The goal is to realize the value improvement and value reconstruction through the effective use of capital platform, and provide support for the companys transformation and upgrading, incubation of new projects, layout of new industries, exploration of new kinetic energy and development of new economy u3002
Plan to pay large dividends in the next three years
At the same time, Shaanxi coal industry is also strengthening the production capacity construction of its main business to create a 10 million ton coal mine cluster.
In recent years, Shaanxi coal industry has gradually reduced the coal production of Weibei mining area, which has high mining cost. At the same time, it has increased the high-quality production capacity mainly in Northern Shaanxi mining area. After the project is put into operation, the companys cost per ton of coal will be further reduced, thus increasing the companys cost competitive advantage.
From 2017 to 2019, the company achieved net profits of 10.45 billion yuan, 10.09 billion yuan and 11.64 billion yuan respectively, with a year-on-year increase of 279.30%, 5.20% and 5.92%, respectively. The scale of net profit has exceeded the 10 billion mark for three consecutive years.
According to the semi annual report of 2020, during the reporting period, Shaanxi coal industry realized a business income of 38.733 billion yuan, a year-on-year increase of 6.148 billion yuan, an increase of 18.87%; Shaanxi coal industry achieved a coal output of 57.97 million tons, a year-on-year increase of 4.27 million tons, an increase of 7.96%; the sales volume of coal reached 106 million tons, an increase of 28.5 million tons, an increase of 36.88%.
At the same time of the disclosure of the convertible bond plan, the company released the shareholders return plan for the next three years, and planned to continue to pay dividends steadily in the next three years. Except for the companys major capital expenditure arrangement or other major special circumstances approved by the general meeting of shareholders, the company distributes dividends in cash when the company makes profits in the current year and the accumulated undistributed profits are positive. The profit distributed in cash every year shall not be less than 40% of the distributable profits of the current year and the amount shall not be less than 4 billion yuan.