Multiple indicators have been improved by leaps and bounds
According to the company's 2023 annual report, Yankuang Energy achieved commercial coal production of 130 million tons in 2023, ranking first in the industry. Chemical production reached a record high of 8.59 million tons. It achieved operating income of 150 billion yuan, achieved net profit attributable to shareholders of listed companies of 201 billion yuan, and maintained a first-class profit level in the industry. Total assets were 354.3 billion yuan, and the weighted average return on net assets reached 21.9%. Equivalent scale and asset quality continued to improve.
Meanwhile, Yankuang Energy plans to distribute cash dividends of 14.9 yuan (tax included) for every 10 shares and 3 bonus shares, bringing the total dividend to 11.085 billion yuan.
Yankuang Energy's comprehensive strength, development quality, brand image and industry influence have improved by leaps and bounds, and high-quality development has been implemented well. Faced with serious challenges such as deep macroeconomic adjustments and declining market fluctuations, Yankuang Energy has always maintained its strategic strength, firm confidence in development, and made every effort to promote changes in development methods, incremental quality and efficiency. The development of the five major industries has achieved remarkable results, and business performance has remained historically high.
In 2023, the company successively won honors such as the “Golden Bull Award for Top 100 Companies with Investment Value” and the Shanghai Stock Exchange's A-level Information Disclosure Rating; it won the National Quality Award, becoming one of the top three winners in China; and ranked 68th in the “Fortune” China Top 500 Listed Companies.
Excellent core data and good operating performance combined with increased handwritten dividends have attracted the attention of many institutions. They are optimistic about the development prospects of Yankuang Energy, and they have given it a purchase rating one after another.
The organization is optimistic, and the majority shareholders are also full of confidence. In January, Yankuang Energy issued an announcement stating that the parent company Shandong Energy Group plans to increase its holdings of Yankuang Energy A shares and H shares through centralized bidding, bulk transactions, or in-market transactions, showing recognition for the subsequent development of Yankuang Energy.
Collaborative development of the five major industries
Earlier, Yankuang Energy released a strategic development outline, focusing on the five major industries of mining, high-end chemical materials, new energy, high-end equipment manufacturing, and smart logistics. With the corporate mission of “creating green momentum and leading energy transformation”, Yankuang Energy released a strategic development outline to launch the intelligent transformation of traditional industries such as mining and chemicals, and lay out emerging industry sectors such as new energy, equipment manufacturing, and smart logistics to consolidate the foundation for developing new quality productivity through “digitalization, informatization, and intelligence”.
Specifically, the coal industry is increasing in quality. During the reporting period, the company acquired Luxi Mining and Xinjiang Energy Chemical and obtained prospecting rights for No. 1 well in the Huolinhe Mining Area in Inner Mongolia, adding a total of 26.6 billion tons of coal resources. Production at the Australian base has recovered strongly, and domestic and overseas synergy effects have been fully unleashed.
The high-end chemical new materials industry extends a strong chain. During the reporting period, chemical production reached 8.59 million tons, a record high. Future energy oil production will reach 1 million tons for the first time; Xinjiang's energy and chemical coal-to-gas production will exceed 2 billion cubic meters. The single test run of Lunan Chemical's caprolactam integration project filled the gap in the field of gasification technology for low-quality raw materials in China. Construction of a polyformaldehyde project with an annual output of 60,000 tons has begun. After completion, the total polyformaldehyde production capacity will increase to 140,000 tons per year, reaching the highest level in the country.
High-end equipment manufacturing is growing at an accelerated pace. The Luxi Smart Manufacturing Park was built to a high standard, and all 6 cooperative enterprises have settled in. Projects such as hydraulic bracket electrohydraulic control systems, high-performance conveyor belts, and intelligent conveyors have been fully put into trial production, creating a new profit growth point. Furthermore, the strategic acquisition of German company Schalf will make every effort to build a European high-end equipment manufacturing R&D platform and talent recruitment base.
The smart logistics industry is taking shape. The Tai'an Port Railway and Water Intermodal Transport Logistics Park was completed and put into operation, with a throughput capacity of 32 million tons. Six railway assets in the Shaanxi and Mongolian regions have been integrated, and the total operating mileage of the railway has exceeded 1,300 kilometers. At the same time, Yankuang Energy's “five in one” development pattern for railways, highways, ports and shipping, parks, and platforms has initially taken shape, and the logistics and freight capacity has reached 300 million tons per year.
The new energy industry is progressing steadily. “Index acquisition+project construction” progressed simultaneously. Construction of a number of distributed photovoltaic projects began, 3 photovoltaic power plants were connected to the grid; projects such as the integration of regional source grids and storage in Shaanxi, Mongolia and Xinjiang progressed in an orderly manner.
“Digital intelligence” drives deep industrial integration
Yankuang Energy's investment in technological innovation has risen sharply year by year, with R&D expenses exceeding 2.9 billion yuan in 2022 and 2023.
In July 2023, Yankuang Energy applied the first AI model in the mining industry, the Pangu Big Model. It successively applied artificial intelligence AI in 37 scenarios in 7 major fields, including coal mining, excavation, mechatronics, auxiliary transportation, safety supervision, washing, and impact prevention, further improving the level of intelligent mine construction.
In 2023, Yankuang Energy successively passed the inspection of 5 pairs of the country's first batch of intelligent demonstration mines. The Jinjitan and Zhuolongwan coal mines were the first to meet the “155” and “277” high-efficiency mine standards, creating a number of highly intelligent work surfaces such as Yangcun 4703 and Dongtan 4302. Currently, with the continuous application of various intelligent equipment and intelligent mining technologies, Yankuang Energy's intelligent mining production accounts for 94%.
In the chemical sector, Yankuang Energy is implementing an “intelligent factory” project around the goal of “advanced control, safety and efficiency, green and energy saving” to promote the transformation of the production business operation model to “digital, intelligent, agile, accurate, clear and proactive”.
At Yankuang Smart Park, the intelligent crusher production line, conveyor belt vulcanization production line, and electrohydraulic control production line are all busy debugging production equipment, optimizing production processes, and training new employees to promote the production line to achieve production efficiency as soon as possible.
In addition, Yankuang Energy has joined hands with leading enterprises in the equipment manufacturing industry to jointly build first-class smart factories and green factories in China to meet the needs of smart mine construction and promote the transformation, upgrading and development of coal machine equipment.
Currently, Yankuang Energy has 16 ports and logistics parks, holds and shares in 19 railway lines, has a total operating mileage of over 1,300 kilometers, and has the capacity to ship 300 million tons of goods every year. “Transportation of coal from west to east” and “transportation of coal from north to south”, two vertical and one horizontal logistics channels have been continuously optimized, dry port and shipping have been seamlessly connected, and the prototype of smart logistics has begun to take shape.
Yankuang Energy said it will use a “digital and intelligent” strategy to consolidate the foundation of new quality productivity, accelerate exploration in cutting-edge fields, enrich intelligent application scenarios in various industries, promote the deep integration of digitalization, intelligence and industry, promote the transformation and upgrading of traditional industries, help the rapid rise of emerging industries, and accelerate the shaping of new momentum and advantages for the high-quality development of Yankuang Energy.