Hebei-China Energy: three-pronged development

June 9, 2010, Hebei China Energy (000937) to achieve the group's asset injection, complete from Taurus energy to the transformation of energy in Hebei. In recent years, the company on the one hand through the acquisition of group assets to achieve the extension of development, while efforts to improve coal mining technology, and develop the non-coal industry, further extend the coal industry chain, cultivate new profit growth point. Companies in the 2009-year certificate listed companies Taurus top of the list ranked 20th, in the mining industry ranked first in the list. Asset injection can be in this reorganization, Jizhong energy to 12.28 yuan/share of the issue price to peak group, Handan Mining group and Zhang Mining group issued 229.67 million shares, 93.56 million shares and 45.26 million shares, to the total amount of 4.525 billion yuan to buy the holding shareholder in Hebei China Energy Group Peak Group, Handan Mining Group,　　Zhang Mining Group has the quality of the operation of coal business, and through the commissioning of the energy group in Hebei and its subsidiaries of other coal business by the company unified management and sales. Through this reorganization, recoverable reserves increased by more than 300 million tons, production capacity increased by 12.54 million tons/year, the company's annual production capacity reached nearly 30 million tons, the total assets reached 25.1 billion yuan, further enhanced the target market discourse and competitiveness, enhance the comprehensive competitiveness and ability to resist risks, in the resources to fight, the project for　　, policy seeking and credit financing have formed a greater advantage. This year, the profitability of the company's coal assets has improved as the economy has rebounded to good and coal prices have risen. According to the company, 2009 due to the impact of the international financial crisis, the decline in coal prices, the company's profitability has caused a certain impact. This year, the coal market is gradually warming up, the company's coal prices in the beginning of a different degree of increase, of which the price of coal is higher than the beginning of the year more than 100 yuan per ton.　　In terms of sales, the company maintained a balanced production and sales. According to Wanguo analysis, the quality of the group's assets will also ensure that the future growth of the company is still strong. Analysts say Hebei China Energy group in Shanxi, Inner Mongolia and even Xinjiang to obtain high-quality resources have not been recognized by the market, Hebei-China Energy AG has achieved the qualification of Shanxi integration, Shanxi Mining area total main coke fertilizer coal 1.1 billion tons of geological reserves, recoverable reserves of 800 million tons, this year will have 10 million tons of production contribution,　　Next year to 20 million tons; In addition, the department still has the Kowloon Coal Mine, Magnetic West and other high-quality Coke coal wells waiting for injection, the rest of the old mine will also be through bankruptcy procedures to reduce the burden, subsequent asset injection will make the company's future growth is still strong. A breakthrough in intelligent construction according to Wang Liping, chairman of Hebei China Energy, in recent years, the company around to improve production efficiency, improve safety management level, reduce labor intensity of the goal, and constantly increase equipment and scientific and technological input, actively introduce new technology, promote new equipment, in speeding up the mechanization of coal production, automation,　　The intelligent aspect obtains the big breakthrough. The intelligent construction of the mining face is one of the important directions of the coal science and technology progress, and the middle energy of Hebei province is widely used to popularize FMElectric traction Shearer, strong thin coal seam FM electric traction Shearer and heavy rock roadway roadheader and other advanced equipment, greatly reduce labor and employment.　　On the other hand, through the improvement of early warning equipment, facilities, the construction of digital early warning and control system, to promote the use of centralized belt cluster automation control system to achieve the central pump Station, the central substation remote controls, so as to achieve the safety management of systematization, informatization and modernization. At present, the Hebei-China energy in the eastern Pang mine application of the highest domestic 6.5 meters electro-hydraulic valve control fully mechanized mining support, is specially for the East pang mine thick coal seam and design, the total investment 250 million yuan, its installation will realize the face of a full height of 6.5 meters, production capacity is expected to reach more than Nissan million tons. Because this equipment adopts advanced electro-hydraulic control system, it can realize remote control of working face, so as to realize the experience of unmanned mining for the next step. At the same time, the company Zhang Mine and research institutes jointly tackling, the research and development of high power heavy-duty thin coal fully mechanized mining unit has realized the remote operation in the thin coal mining face, and solved the inconvenience and safety hidden trouble caused by the operation personnel in the thin coal seam face with average thickness less than 1.4 meters, and improved the resource recovery rate.　　It is understood that the unit has been in operation since July 2009 in the 422406 face of Zhang Mine, the operating condition is good, more than the previous use of high-grade mining even artificial gun production and other traditional ways to increase production nearly 75%.　　The continuous extension of the industrial chain Wang Liping that in the next 20 years, coal in China's energy consumption structure of the dominant position will not be significantly changed, coal as China's most reliable and most important basic energy status unshakable, the economic value of coal resources will be further reflected in the future. In the future development of enterprises, Hebei-China Energy will continue to adhere to coal-oriented development strategy, continue to play the role of capital operation, and constantly improve the company's coal industry scale and sustainable development capacity. At the same time, the company vigorously implements the diversified development strategy, extends the coal industry chain, cultivates the new economic growth point.　　According to the introduction, the company's non-coal industry has maintained a good momentum of development, the quality and efficiency of economic growth has steadily improved. 2009, the Hebei-China energy plant to seize the country to increase infrastructure construction opportunities, cement production close to 2 million tons, operating income growth of 20% year-on-year, and formed a plant in the development of three areas, regional market competitiveness significantly enhanced; Taurus chemical industry around the long-term development of enterprises, to promote the key project construction, 80,000 tons of caustic soda project successfully put into operation, through the settlement of asset repurchase, land formalities and other remaining problems, and strive to improve profitability, for the next step of the development of the foundation; Xingtai Jinniu Fiberglass Co., Ltd. to implement the kiln overhaul and expansion of technical renovation project, for the future development savings of stamina. Jinguintian Iron and Coal Coking Co., Ltd. two coke oven successfully put into production and production, the whole year Coke 600,000 tons, to achieve sales revenue of more than 800 million yuan.　　Hebei Jinniu Xuyang Chemical Co., Ltd. from the start to production, only 14 months on the output of the first batch of high-quality methanol, the whole year to achieve operating income of 100 million yuan, profit of 6 million yuan. In order to achieve performancecontinued to grow, Wang Liping said that in order to ensure the safety of coal production, the company will further strengthen the cost control, the implementation of comprehensive budget management, with the least investment in exchange for the maximum benefit, and constantly expand product profitability space, increase product structure adjustment, market-oriented, vigorously implement the strategy of coal, and promote the deep processing Expand the production of clean coal, improve the value-added products, in addition, strengthen product quality management, and further expand market share.