Yankuang Energy Group Company Limited

Ladies and gentlemen, good morning. First of all, I would like to welcome all the new and old friends who attended this meeting. Thank you for your long-term concern, support and trust. Next, I will introduce the situation of this group in three parts. The first part is the review of the elite performance. In the past few years, China's economy has been stable and stable. The economy has been recovering well. The government has improved its security and the imports have dropped significantly. The coal market needs to show a positive trend. The price of coal continues to rise. Through deepening and implementing economic management measures, the coal industry will accelerate the reform and innovation of the system and mechanism. and others. In addition to design and speed adjustment, the performance of this group in the first half of 2021 is not significantly different from the Chinese accounting standard and the international financial report standard. In order to improve the efficiency of meetings, the performance recommendation material uses data compiled by the Chinese accounting standard. I will introduce the business situation of this Group in the following six aspects. First, the quality of the business is significantly improved. This Group is fully aware of the market opportunity, optimization of system and production capacity, strengthening management and increasing efficiency, economic efficiency, In the first half of the year, the sales of the company's goods was 5091.4 trillion tons, which is less than 2273.4 trillion tons, which is 30.9% of the total sales. The main reason is that the amount of trade in the report period decreased by 1272.6 trillion tons, and the sales of the company's products decreased by the same amount. Meihua product sales 268.7 million tons, 69.9 million tons growth, 35.2% growth, 653.8 billion yuan, 501.5 billion yuan reduction, 43.4% growth. The main reason is to improve asset quality, separate some trade business, The net profit of non-agricultural trade is also reduced by 517.2 billion yuan. The total assets are 2692.6 billion yuan. The initial growth is 103.5 billion yuan, with an increase of 4.0%. The market share is 60.4 billion yuan, which is equivalent to the net profit of the parent company. The total growth is 7.3 billion yuan, with an increase of 13.8%. previously deducted 60.7 billion yuan from non-operational losses and increased by 31.31 billion yuan, with an increase of 104.3%. Second, the financial situation remains stable. In the first half of the year, the company followed up on the movement of the capital market in time and actively expanded its diversified financing channels. The total low-cost financing is 3.1 billion yuan. The average financing rate is 3.94%. Compared with the same period last year, the average financing cost of this Group is 4.57% and the interest rate is 4.35%. The interest rate is 16.54 billion yuan, which is 23.84 billion yuan, which is 7.3 billion yuan. The cash inflow of the business activity has reached 25.85 billion yuan, which increased by 21.03 billion yuan compared to the same period of 4.82 billion yuan. The cash inflow of the business activity has reached 68.84 billion yuan compared to the same period of 75.92 billion yuan, which decreased by 7.08 billion yuan. Li Xi Zhe Jiu, Ji Tan Xiao Qian Li Yun, 157.16 billion yuan. Qi Mo, Huobi Sijin Yu E, 269.77 billion yuan. Sishan Fu Zhai Li, 69.76%. The third aspect is the cost control. In the first half of the year, the company monitored all kinds of cost units, Through the deepening of marketization, the meridianization and the fusion of the two, the mining system is activated. In terms of coal, due to the impact of the security and environmental policy, the production capacity of this group will be fully released, which will affect the increase in coal cost. In the first half of 2021, the capital of this group is 311.92 yuan for coal sales. increased by 75.43 yuan in total, with 31.9% increase in profit. After adjusting the price of fake coal in the same way as last year, the sales of real-estate coal in the same way decreased by 23.79 yuan in total, and the cost control target was completed in the beginning of the year. In terms of coal processing, under the background of the rise in the price of raw material coal, This Group is using the maintenance of the chemical equipment to stabilize the operation and promote system optimization. By controlling the purchase cost, the product unit number is verified, and the control cost is increased. In the first half of 2021, the average cost of the main chemical products of this Group per ton of sales is as follows. The cost per ton of sales is 1179.76 yuan. The total profit is 272.18 yuan, which is 29.99% of the total profit. The cost of each ton of vinegar is 2239.82 yuan. The total profit is 641.48 yuan, which is 43% of the total profit. The cost of each ton of vinegar is 5582.24 yuan, which is 1074.9 yuan. Zhang Fu, 23.85% Cuye Tie La, 2,582.68 yuan per ton, 938.03 yuan per ton, 26.64% After adjusting the price of raw materials according to the same standard last year, the price of fake single-use sales reduced by 172.44 yuan per ton. to complete the cost control goals set out in the year. Fourth, smart marketing, increasing revenue, and creating efficiency. In terms of coal-fired marketing, the Group is only changing with the market, making flexible adjustments to sales strategies, optimizing sales flows, increasing revenue, and creating efficiency. The average sales price has increased by 23.56%, The first is to optimize the variety structure, implement the strategy of the best of the best, and increase the recommendation of the technology to match the media, and increase the proportion of high added value products, and provide the best match for customers. In the first half of the year, the domestic media sales of the province reached 6.23 million people, accounting for 54.9% of the asset media sales. The second is to optimize the customer structure. According to market changes, will continue to ensure the long-term production, market efficiency, and actively expand the sales channels, increase the customer access, accurately grasp the customer needs, and implement the customer X1 service. The third is to optimize the transportation method, implement the fire and iron plus transport strategy, build a stable coal supply system, expand the sales channels, In the first half of 2021, The price of chemical products represented by Cushan continues to rise. The company actively utilizes the market environment to accurately grasp the needs of customers, to guide the factory to carry out flexible production, to continuously optimize the product structure, and to greatly improve the company's efficiency. The average price of major chemical products has increased by 64.5% compared to the previous year. In order to optimize the flow structure, will use large-data information optimization methods to unify and select and arrange customer visit and development plans, focus on customer needs, and make high-priced products more profitable in the regional market, and achieve the best overall effect. Second, actively lead the chemical market, catch up with the market and continue to go up, which is the export window period, and organize sales at the highest price limit. The price of the product has risen significantly, with the highest price of vinegar acid at 8,200 yuan per ton, which is 173.1% higher than the general price. 30GG is actively promoting online sales, strengthening the influence of online sales, and developing 19 kinds of chemical products such as vinegar acid, vinegar acid solution, vinegar dry, etc. at 383 times. Online sales 27.02 million tons, each price is 1336.33 million yuan. In the fifth aspect, the performance of new assets is good. In 2020, this Group acquired 183.55 billion yuan. After acquiring high-quality assets such as Future Energy, Lunan Chemical and other high-quality assets owned by the shareholder, the industry chain was greatly expanded. The new asset profit capacity is fully manifested. In the first half of 2021, the new asset will achieve a net profit of 41.35 billion yuan. The net cash flow will be 49.27 billion yuan. Among them, the future energy will achieve a net profit of 21.46 billion yuan. The net cash flow will be 30.9 billion yuan. Lunan Chemical Co., Ltd. has achieved a net profit of 19.62 billion yuan, and the operating cash flow is 18.39 billion yuan. 6. Continuous improvement of shareholder returns The company's top-level investment philosophy is to share the development achievements with shareholders. In 2020-2024, the company's annual shareholding policy position After the ban was lifted, 50% of the net profit was used to implement the cash bonus. The cash bonus is not less than RMB 0.5 yuan per share. According to this, the company issued a cash bonus of 0.6 yuan per share in 2020, and issued a special cash bonus of 0.4 yuan per share, and issued a cash bonus of 1 yuan per share. According to the 2020 year end A share price calculation, the share price rate is as high as 9.9%, far exceeding the net profit rate of the same bank. We respect and trust the sincerity of the investors. The true intention of returning the investors will not change. In the past three years, Yanzhou has accumulated 13.3 billion yuan in cash. In the future, we will continue will continue to plan for the implementation of the strong investor report strategy and cooperate with the company's shareholders. The second part is the analysis of the main product market. Next, I will introduce the analysis and judgment of the coal and coal-fired market in the second half of this group. In the past few years, coal consumption has continued to rise in the context of a stable recovery of the economy. With the increasing environmental pressure of the government, and the increasing impact of the increase in the number of imports, the coal market has shown that the supply and demand of coal is only balanced. The price of coal is running at a strong level, and the price is rising in the central region. Hongguan's economic stability has recovered, coal production capacity has been further released, imported coal has been increased, and storage is low. The demand for coal in the second half of the year is expected to maintain a growth trend, and the growth will fall back in the second half of the year. The price of coal will fluctuate at a high position, or there will be a situation where the supply and demand will be tight in some areas and in some times. From the demand side of analysis, 1. Stable recovery of the macroeconomic economy In the winter and summer seasons, the traditional coal and coal peak will be added. Gold, wine, silver and stone will drive the demand to further increase. 2. Increased power generation and power generation and processing will be increased. To a certain extent, coal and coal demand will be reduced. From the supply and demand analysis, 1. Energy Group said that the country will increase supply and demand at different levels through various means. will further release the high-quality production capacity. The production capacity will be increased according to the procedures of the coal mine. The process will be accelerated. Second, the expected import volume will continue to increase, and the supply will increase. Third, at present, the stockpile of the whole society is in a low position. The factors such as security and environmental policy, sudden events, etc. will affect the supply to a certain extent. In the first half of the year, the coal-fired industry continued the recovery trend in the second half of 2020. With the resumption of the Hongguan economy, the demand for downstream oil has risen. Supported by the international crude oil and coal prices, the price of chemical products has increased significantly. In the second half of the year, the whole Hongguan economy has improved. There is a limited space for downstream industry profits. and other factors. It is expected that the price of coal-fired products will go up. In terms of production, 1. China's economy will be stable. The demand for oil will remain stable. 2. Newly built vehicles and overseas supply and return will increase production capacity. 3. The price of coal and oil will not go up. In terms of production, new production capacity and existing equipment will increase the market supply. 2. The price of coal and oil is running at a high level, and there is a certain support for the cost of production. 3. Customers face greater cost-performance pressure, which prevents the price of production from maintaining a high position. The third part, business measures in the second half of the year. In the second half of 2021, the macroeconomic environment is still complicated and severe. The domestic economy is still unstable and unbalanced. Under the background of the national double-carbon strategy, the coal industry is developing in a way that accelerates the transformation and adjustment of industrial structures. Coal companies are facing huge challenges. will also receive rare opportunities. This Group will be deeply aware of the challenges and opportunities under the double-carbon strategy, and deeply promote the integration reform of the supply and demand side, and the transformation of the supply and demand. We will continue to optimize the industrial structure, accelerate the release and increase the potential, deepen the management of the economy, accelerate the transformation and upgrade steps, and promote the development of high-quality enterprises. 1. The main industry is doing better and better. Increase the number of natural elements to the advantageous areas. The core industry is gathering to cultivate the industry group with stronger development advantages and distinct characteristics. To promote the competitive advantage of enterprises. The coal industry plays a key leading role. Increase the construction of a batch of safe, green, intelligent, efficient four-type coal mines. to ensure that the five national-level smart coal mines will be tested in December. This mine is focused on safe and economical mining, increasing resource utilization rate, extending the supply chain, optimizing the production layout, and mass production. The three mines play an important role in state-owned enterprises, set up work shifts, and supervise the management of mining procedures. are the leading companies in the industry. They are the leading companies in the industry. and many more. to create the new material demonstration base of Rongxin Chemicals, coal and gas, and the demonstration base of coal and gas oil industry in the future. Second, deepen the management of the industry and increase its value. Persist in the thinking of the industry and infiltrate into various management layers. Promote full-range, cost-effective, management, increase efficiency, innovation, and efficiency. Persist in cost support. The cost control as a lifeline for survival and development Implement general production investment, non-production investment, controllable cost, product unit number, purchase cost, tax collection, six control, maximum limit, control cost, increase efficiency, control budget cost, open target first-class management promotion activities, implement comprehensive budget management and target management, full range, The whole process is to reduce the budget and expenses, reduce the debt, and make use of it for two years, widen the financing channels, fully utilize the domestic and foreign capital markets, enrich industrial funds, equity, debt, and other diversified financing varieties, widen multi-platform, low cost, and maintain a stable financing channel, protect capital needs, reduce capital costs, focus on management and promotion, maintain the value-added concept of efficiency, promote capital, resources, talent, and materials, focus on the main creative and effective units, strengthen non-mainstream asset cleaning and low-tech and ineffective asset management, and finish six non-mainstream and low-tech enterprises before the end of the year. 3. Fully expand the market and dig up the needs, seize the advantage of the market, are the leading companies in the industry. and Wu Liu are concentrated in low-income areas. We will speed up the promotion of Jinyitang, Yingpanhao Railway Special Line, Taianangang, Gongxueshui Company, Wu Liuyuan, etc., and set up a project to expand the coal-fuel outsourcing channels. We will optimize the product structure, stick to the Jinyitang strategy, and implement a large-scale upgrade and transformation of coal-fuel products. We will enhance the added value of the product, to ensure that more than 50% of the products in the province are made of gold and copper. To play a role in the development of western and northern mining, low-dust, low-flow, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low-dust, low- are the top 3 companies in China. They are the top 3 companies in China. The top 3 companies in China. We will work hard to break through a number of key projects to ensure that the main industry develops at a better quality and a better development. We will continue to promote the upgrade and transformation of the five national machines, the automated market-based mine and the Slavos mine smart selection system. We will increase the 5G and smart mining technology applications, set clear carbon emission targets and reduction measures, and complete the carbon-dioxide carbon neutralization action plan as soon as possible. All efforts are made to create a green coal-based industry, low-carbon, and develop a new standard. To seize the country's policy opportunities, to seek high-quality assets in remote areas, to invest in low-cost and high-quality resources, to gain opportunities, to expand resources and capital reserves, to gather and store new raw materials as the extension direction of the chemical industry chain, to open and build 3,000 tons of raw materials, are all involved in the development of the new OMB powder-based air purifier every day. We will continue to promote the construction of 300,000 tons of Jilin-Xian'an project, which has the largest production capacity in China alone, and ensure that the raw materials will be tested before the end of September. We will speed up the promotion of 800,000 tons of fake spring to west green projects every year. We will further digest the fake spring production capacity. We will actively fight for the policy of 100,000 tons of MMMN project. and Zhaoyi. In the future, the 500,000-ton high-temperature waste collection project will accelerate the implementation of the previous procedures and further promote the value chain of the product to the medium and high-end extension, accelerate the construction of logistics systems, scientific layout of logistics nodes, and expand the logistics channels and coverage. Through self-development and the development and development and development The next half of the year is the acceleration of the high-performance acceleration of the new Zeng Yilun high-performance product image. Thank you all.