Zitong Financial App News, Yitai Coal (03948) released 2017 results, revenue rose 60.85% year-on-year to 35.897 billion yuan (the same unit below); net profit attributable to shareholders increased 148.03% year-on-year to 4.925 billion yuan; earnings per share 1.51 yuan, cash dividend 4.55 yuan for every 10 shares.
According to the announcement, coal production increased by 28.23% year-on-year to 47.29 million tons, and coal sales increased by 33.95% to 85.46 million tons.
During the reporting period, in accordance with the requirements of the national policy of eliminating excess capacity and capacity replacement, the company completed the capacity replacement of Taragou Coal Mine, Kaida Coal Mine and Suangxigou Coal Mine by purchasing capacity targets and closing backward mines. the reform of coal production and service organizations has improved the level of specialization and reduced costs. Optimization of coal mine raw coal washing, screening technology transformation, final coal quality improvement and other schemes, improve the lump coal rate and economic benefits; increase the popularization and application of new technologies and new materials, promote the intelligent opening of coal mines, effectively ensure safety and improve production efficiency.
The company has improved the sales efficiency of coal transportation by optimizing the logistics and transportation system, flexibly adjusting the shipping route, strengthening the strategic cooperation with the port, opening up new channels for coal transportation, innovating sales mode and so on.
In addition, railway volume increased by 12.98 per cent year-on-year to 96.86 million tons. In 2017, quasi-East Railway and quasi-Railway made great efforts to improve the efficiency of storage and transportation services, actively communicated with the Railway Bureau and Dazhun Company, optimized the start-up organization and operation process, and greatly reduced the turnaround time in the train tube; at the same time, they actively contracted foreign transportation and continuously improved the level of service. Through cooperation with customers of more than a dozen local coal enterprises, we will increase the volume of external transport and do a good job in platform leasing and other services, so as to maximize benefits.
The layout of the coal chemical industry is an important strategic measure for the company to extend the industrial chain, achieve transformation and upgrading, and improve the core competitiveness. The 13th five-year Plan for Energy Development clearly puts forward: "in accordance with the orientation of the national energy technology reserve and production capacity reserve demonstration project, we should reasonably control the pace of development, strengthen technological innovation and market risk assessment, strictly implement the conditions for access to environmental protection, develop coal deep processing in an orderly manner, steadily promote the upgrading and demonstration of coal-to-fuel and coal-to-olefins, and enhance the competitiveness and risk resistance of the project."
The company altogether has "Xinjiang Yili", "Xinjiang Ganquanbao", "Inner Mongolia Yitai" three projects selected in the "13th five-year Plan" coal deep processing construction key coal-to-oil projects. The company has been unswervingly promoting the examination and approval and construction of various coal chemical projects.
During the reporting period, the coal-to-oil company implemented a series of measures to improve production efficiency, such as optimizing process, strengthening equipment quality management, reasonably arranging catalyst loading and unloading cycle, optimizing plant operation, strengthening technical innovation, and striving to reduce material consumption. Substantial cost savings. The plant has been in stable operation for 344.95 days throughout the year, with a total production of 189000 tons of various oil and chemical products.
On the one hand, petrochemical companies optimize the product pricing process, by referring to the bid price, industry big data analysis calculus and bidding, to achieve scientific pricing and rapid response to market fluctuations; on the other hand, for key customers to determine long-term cooperation to form a stable support for product sales. At the same time, we will actively improve logistics solutions and carry out logistics distribution services to promote sales, with a total sales of 270000 tons of various products in the whole year.
It is worth noting that Yitai Chemical's 1.2 million-ton ╱ annual fine chemicals project, based on safety and quality, focused on construction, reasonable arrangement and control of investment costs, and comprehensive commissioning of the plant, opened the production plant process in July 2017 and entered the joint trial operation stage.