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.
It is understood that Shaanxi coal industry has taken advantage of its capital platform since 2017, and has invested 3 billion yuan of its own funds for foreign cooperation without related party transactions, so as to smooth the cyclical impact of traditional energy.
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.
In addition to Longji shares, the company also participated in the equity investment of Ganfeng lithium (Hong Kong stock), and dispatched directors to Longji and Ganfeng lithium to continuously track the changes in the industry.
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
On September 18, the company announced that it plans to publicly issue 3 billion yuan of convertible bonds for the construction of xiaobaodang No.2 mine and coal preparation plant project. Shaanxi coal industry said that after the completion of xiaobaodang No.2 coal mine project, it will form a five to ten million ton coal mine with hongliulin, zhangjiamao, Ningtiaota and xiaobaodang No.1 in Northern Shaanxi mining area. The scale of ten million tons of coal mines in Northern Shaanxi will be clustered, and the productivity advantage will be more obvious.
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. It is worth noting that Shaanxi coal industry has a good continuity and stability of dividends in recent years. According to the calculation of GF Securities, the dividend rates of the company in recent three years are 40%, 40.7% and 40.5% (including stock repurchase). Tokyo Stock Exchange will suspend trading for the whole day tomorrow, and a number of new rules will be implemented from October! The first one is closely related to you. It is difficult to travel on National Day: the number of air tickets for B & B one room is hard to get exceeds the same period last year. Source: China Securities Journal Editor in charge: Yang Bin_ NF4368
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%.
It is worth noting that Shaanxi coal industry has a good continuity and stability of dividends in recent years. According to the calculation of GF Securities, the dividend rates of the company in recent three years are 40%, 40.7% and 40.5% (including stock repurchase).