Yankuang Energy Group Company Limited

Ladies and gentlemen, good morning. First of all, on behalf of Yan Kuang Energy, I would like to warmly welcome all the new friends who participated in this meeting. Thank you for your long-term trust, concern and support for Yan Kuang Energy. Next, I will introduce the situation of this group in three parts. The first part is the business performance review in the first half of the year. The economic situation in the world needs to be more complex and severe. The impact of the COVID-19 epidemic and the Russian-Ukrainian conflict has suddenly increased. But the Chinese economy has shown strong resilience. With the gradual release of stable economic policy effects, it can also revive the market. In addition, the international coal supply has been limited. In the first half of the year, the coal market supply needs to be limited. The price is stable in the middle and high positions. Yanhuo Energy wants to grab the market opportunity. will implement a full-scale strategic transformation and increase asset quality significantly. Next, I will use Chinese accounting standards data as the basis to introduce the business situation of this Group in five aspects. First, the business performance is rising again. In the last half of the year, this Group has implemented a full-scale industrial transformation and upgrade, deepening economic management innovation, stable implementation of industrial extension, regional layout, asset integration, The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, and industry influence continue to make new breakthroughs. The company's large scale, profitability, Shixian Yingye Shouru 1003 Yen, Tongbi Zengjia 53.4% Shixian Guishu Yu Shangzhi Gongsi Gu Dong De Jing Li Yun 180 Yen, Tongbi Zengjia 198.5% Shixian Jingying Huodong Chansheng De Xianjin Liu Liang Jing Er 134 Yen, Tongbi Zengjia 418.3% Jiaquan Xingjun Jing Zichan Shouyi Lui Wei 24.75% Tongbi Zengjia 13.7% Second, smart marketing, acquisition and innovation. In terms of mining and business marketing, this Group has the opportunity to seize the high position of the coal market. Under the premise of resolutely executing the mission of increasing the supply and supply of electricity and coal, we are flexible in implementing marketing strategies, and continue to expand and maintain high-value customers such as chemical industry, liquid energy, and exchange. The average sales price of assets and coal is 104% higher than before. The company benefits from the management layout of two local and two local resources and two markets. Under the background of increasing supply and control of coal prices in China, it fully enjoys the popularity of the rise in Asia-Pacific coal prices. In the first half of the year, the retail sales price of Amei Australia coal and metal was 1394 yuan per ton, which is 196.3% higher than the rise. In terms of high-end chemical and new materials marketing, the company is actively responding to changes in the market environment, optimizing the product structure, and conducting flexible production. It is reasonable to determine a reduction plan to achieve a stable, long-lasting, and full of advantages chemical system operation. The first is to adhere to the strategic order and continue to promote the long-term and supply strategy to improve the proportion of long-term and ensure sales stability. The second is to continuously optimize the marketing layout and actively develop high-end markets. The third is to continuously optimize the pricing mechanism and take advantage of the advantageous position of the retail industry. The third is to continuously optimize the pricing mechanism and take advantage of the advantageous position 3. By controlling and continuing to generate profit, the Group is pushing for a market-based, economic-based, and two-pronged fusion, speedy development of two-increase, three-decrease, and three-increase activities, multi-multi-multi-multi-multi-multi-multi-multi-multi-multi-multi-multi-multi-multi-multi-multi-multi Wenjing, Qingqing, and other high-priced chemical products with a margin of more than 50%, with an increase of 24% to 27% in total. Fourth, the development of key projects. This group focuses on the five major industrial development strategies, planning and landing key projects, and is expected to make gradual progress in the first half of the year. In terms of mining, the main focus is to promote the development of mining and smart construction in the mining industry, and to integrate coal-based coal into joint production. Jinjitan coal mine got 2,000,000 tons of production capacity increase every year. Zhuanlongwang Coal Mine's mid- and late-layer super-long-term intelligent medium-sized work surface is built into a production. In 300 years, investment of 1 billion yuan completes the transformation of 16 intelligent work surfaces. High-end chemical new material industry accelerates the high-end extension of the value chain. Lunan Chemical becomes the main enterprise of the coal-based economic chemical product chain in Shandong Province. 300,000 tons of Jinli Xianan project is successfully built and realized every year. Toushan and Dachan, Dachan and Daxiao The new energy industry leads to the development of new energy. The省's use of mining area site to start the distribution of mining projects. The Shanmeng area has started the early work to acquire new energy indicators. The high-end equipment manufacturing industry has made a new breakthrough. Shimin's super-large high-height 1.2-inch sample machine work resistance and high-height parameters are leading the world. Start smart manufacturing district construction. will cooperate with the leading enterprises in the industry to promote smart equipment such as electric control systems, wind turbines, and other smart equipment. The smart logistics industry will follow the model of the physical platform to complete the integration of iron ore assets, to play the role of iron ore road and port industry cooperation, and to open and build the Tainan Port Industrial and Railway Union. We will promote the construction of the Jiyun Station, a special line of iron ore in Shanmeng District, and the layout of the port and dock in Shandong Province. 5. Continue to enhance shareholder feedback. This group sent out 2 yuan per share of cash shares in 2021. The share price is historical. We have always followed the concept of sharing the results of development with investors. Over the past 24 years, we have accumulated 4.45 billion yuan in cash shares, which has been rewarded with outstanding business performance and high shareholding. and Li Yun will maintain a good cash distribution in 2022. The second part is the analysis of the main product market. Next, I will introduce the analysis and judgment of the coal and chemical products market in the second half of 2022. In terms of the coal market, In the first half of 2022, the price of international mass-produced goods rose, and the capacity of coal-fuel supply and supply was significantly increased. The overall stability of coal-fuel consumption, the tension of imported coal resources, and the influence of factors such as national policies and guidance, the coal-fuel market was generally strong, and the price of coal remained in the middle and high position. In the second half of the year, the domestic supply and supply was limited, and the increase in coal imports was difficult to increase, and the overall economic performance of Hongwan was poor. The impact of the climate recovery trend is expected to maintain the overall balance of the coal market supply and demand. The impact of the medium-term coal price mechanism guided by the country will stabilize the coal price in the middle and high places. In terms of the chemical products market, the overall market is weak in the first half of 2022, with the price fluctuating under the influence of supply and demand in the market. In the second half of the year, there is expected to be a rebound in the stock market, and the price needs to close down and the oil price rises. The market price has been adjusted in the middle position. The third part is business measures for the second half of the year. In the second half of 2020, the external environment is still complicated and severe. Hongguan's economic operation faces risks and challenges. The policy of coal industry control is increasing. The adjustment of industrial structure is accelerating. This group will actively implement new development ideas to optimize industrial structure and regional layout. will release business management activity, improve economic operation quality, promote high-quality enterprise development, and surround the goal of year-round business. This Group will focus on the following measures. First, accelerate the strategic transformation and upgrade of the strategy. Promote the focus on the five major main industries with the advantageous resource elements. Ensure that the industrial structure continues to optimize, and the competitiveness will significantly increase. The mining industry accelerates the transformation and upgrade, using the direction of security, green, intelligence, efficiency, and four-dimensional mining construction to accelerate the implementation and automation of the mining system, upgrade, and transformation. The original mining system is stable, deep-dive, and the production and efficiency of the mining system continue to acquire high-quality assets and strategic resources, and accelerate the production and production capacity of mining systems such as Jinitan, Yingpanhao, Siraosu, and other mining systems. Australia's mining area is well-preserved, and the impact of natural disasters is reduced. Shen Sheng Science Promotion, Feimei Mining and Rural Resources Development High-end chemical and new material industries focus on high-end surprise and low-carbon development direction to make strong chain, salt chain, supplement chain articles Promotion of Meiji, Anji, new material industry chain, group development Promotion of Lunan Chemical, Jinli, Xiang'an industry chain, special set of projects Weilai Energy, 500,000 tons of high-temperature phyto-container project Biodegradable energy, 100,000 tons of MMM project construction every year and others. The new energy industry is focused on training and development, focusing on the main focus of the roadside wind and electricity generation and lighting, and the upstream and downstream industries. We will take full advantage of the supply and demand, cooperate and develop, promote the scale of industrial formation, and actively develop high-end equipment to build industries, accelerate the construction of smart leadership areas, and promote the landing of joint cooperation projects. We plan to invest and operate in March 2023. The smart logistics industry needs to implement resource integration, speed up the construction of the Taiyang Port, Sihhe Port, Pingpan Lake, Jiyun Station, and other logistics districts, and promote the construction of a special line of railways in the Shanmeng mine area, in order to build a modern logistics industry system of railways, roads, ports, districts, platforms, and five-in-one. Second, the management of innovation and innovation increases its value, and the cost of control is reduced. Xinhua implemented a comprehensive budget management, insisting on controlling the cost budget and unit number index as a red line. The unit cost of Li Zheng did not increase. The unit number of the main product of the whole year was reduced by more than 5%, and it was actively promoted to reduce the leverage, reduce the debt, control the financing cost, and widen the financing channel. The financial cost of Li Zheng for the whole year went down by 5%. Xinhua has also increased sales, strengthened the market trend, The third is to promote high-quality development, support and guarantee, Start up company management, demonstrate the creation of enterprises, create a transparent, sophisticated, efficient company management structure, and create a unique listed company management system. Innovative resource and self-improvement model, use self-improvement operation as a means, seek to acquire a batch of high-quality, cooperative, efficient, and low investment cost high-quality resources and target enterprises, achieve increased capacity, comprehensively promote and implement an excellent technical management model, to promote the transformation of enterprises into quality efficiency, internal cold development, innovation, and drive. Ladies and gentlemen, In the second half of the year, Yan Kuang Energy Group will highlight the trend of global energy development and actively integrate new development patterns. The expansion of distance and expansion of internal cold will be combined with the improvement of internal cold. Production and business will start in two turns with capital operation. This group will continue to adopt the concept of the investor's IQ, Thank you all.