It has been disclosed that more than 90 % of the earnings of coal -to -listed companies said that coal in the second half of the year is still "sought -after goods".

Reporter Li Chunlian

Profile reporter He Wangjuan

Recently, under the disturbance of extreme weather in China and the international market, the "coal super crazy" market has been staged again.

Oriental Fortune Choice data shows that on August 29, the coal industry index opened low and walked down. As of the closing, the industry index rose exceeded 2%. From August 5, the low point has rebounded 19.90%to 12389.26 highs. The stock price has also reached a record high.

Benefiting from the strong demand of the coal market and the continuous operation of coal prices, the performance of coal listed companies is still hot. According to the Flush iFind data, as of the evening of August 29, 30 of the 38 listed companies in the coal industry (Shenwan Industry) have disclosed the half -annual report in 2022. Judging from the disclosure data, the revenue of over 90%of the coal listed companies has achieved year -on -year growth, the largest increase is Panjiang, a year -on -year increase of 72.93%.

Of the 30 listed companies mentioned above, 90 % of the company achieved profitability. Among them, nearly 80%of enterprises achieved a year -on -year increase in net profit attributable to mothers, and the largest increase was Shanmei International, a year -on -year increase of 318.36%.

A brokerage analysts who were unwilling to be named told the Securities Daily that overall, the coal market was still in a state of tight supply in the second half of the year. Especially with the relatively tight supply of the international coal market, the import of coal in my country is not optimistic.

Three coal companies have a net profit of more than 10 billion yuan

As of the evening of August 29, in the first half of this year, a total of three listed companies in coal companies returned to their mother's net profit exceeding 100 billion yuan, namely China Shenhua, Yan Mining Energy, and China Coal Energy. In the first half of 2021, only the net profit of China Shenhua's return to her mother achieved more than 10 billion yuan.

The largest increase in net profit of the above three companies was Yankuang Energy, which increased by 198.54%year -on -year to 18.037 billion yuan, and its revenue increase was also obvious. In the first half of the year, operating income was 100.285 billion yuan, a year -on -year increase of 53.39%.

Why did Yankung energy make money so in the first half of the year? Yankuang Energy said in the semi -annual report that in the first half of 2022, the high -quality coal production capacity was quickly released, and the industry's supply guarantee capacity was steadily improved. In addition, affected by factors such as intricate and complicated international energy supply and demand situation and enhancement of security and environmental protection constraints, coal supply and demand are tightened and balanced, and prices are maintained in the middle.

Yankuang Energy is currently the only listed coal company in China with large overseas coal mine assets. Its coal products are mainly sold to China, North China, Central China, South China, Northwest and other regions, as well as Japan, South Korea, Thailand, Vietnam, Australia and other countries. In the case of "volume and price" in the coal market at home and abroad, Yoshiyura energy performance achieved explosive growth in the first half of the year.

It also benefits from the "volume and price" of the coal business and China Coal Energy.

In the first half of 2022, China Coal Energy fully increased production and increased sales to implement the requirements for stable and stabilized energy supply. The output of commercial coal was 59.23 million tons, an increase of 2.47 million tons year -on -year, and the sales volume of self -produced commodities was 58.65 million tons, an increase of 2.62 million tons year -on -year. The semi -annual report shows that in the first half of the year, China Coal Energy achieved revenue of 118.039 billion yuan, an increase of 15.5%year -on -year; net profit of home mother was 13.377 billion yuan, an increase of 75.7%year -on -year.

As a "Brother Coal", China Shenhua's performance was still stable in the first half of the year. According to its semi -annual report, in the first half of 2022, China Shenhua realized operating income of 165.579 billion yuan, an increase of 15%year -on -year; Growing 58.1%.

Coal in the second half of the year is still "popularized goods"

Market analysts believe that the coal market is catalyzed by three aspects: First, the EU officially suspension of the Russian coal market is expected to be implemented, corresponding to the future overseas coal prices will maintain a high level, and the price difference will lead to the decline in the import of coal in my country; the second is under extreme climate under extreme climate The status of thermal power is valued; third, in the long run, the demand for coal will continue to rise, and the coal production will decline in July, and the supply and demand of coal will continue to balance the situation.

Regarding the trend of the market outlook, Qi Haizheng, the president of Beijing's Sunshine New Energy, said in an interview with a reporter from the Securities Daily, "With the support of the state -owned and stable policy policy, the coal market should be in a stable state in the second half of the year. To prevent the market from ups and downs, coal prices will still maintain a high level of operation. "

Many brokerage agencies are optimistic about the coal market.

Cinda Securities believes that, driven by high temperature weather and strong consumption, the demand for coal has continued to maintain a high level, and the demand for coal of lower reaches of steel, chemical and building materials is better, and the expected improvement of coal prices will be pushed up. In the long run, since the rapid rise in coal prices in the third quarter of last year, coal prices have continued to rise in the past year, and the central price has continued to rise under the drive of the "off -season" market this year.

The Chuangqi Securities believes that due to international geographical conflicts, coal has become a sought -after goods and the supply and demand relationship has changed. According to its estimates, since 2022, the global coal supply and demand gap reached 103 million tons, and the gaps in 2023 and 2024 were 185 million tons and 189 million tons, while Europe became the most important region. In addition, while the international oil and gas price is high, although the price of coal is high, the price advantage is still obvious, and the alternative effect will become more significant.

Facing the international energy crisis, the number of coal grabbing models in various countries may decrease the number of coal in my country.

Data show that in the first half of this year, my country imported 115 million tons of coal, a year -on -year decrease of 17.5%. In June, it imported 18.98 million tons, a year -on -year decrease of 33%.In the first half of this year, coal imports hit a new low in the same period in the past 7 years."The tight supply of the international coal market will lead to weakening the domestic coal supplementary effect." Yang Jie, a researcher at the Easy Coal Research Institute, told the Securities Daily that in the second half of the year, the domestic coal supply may be tight in the context of the global energy crisis.What my country needs to do is to vigorously develop clean energy and ensure energy safety through the rich coal resources of the local area.

China Shenhua also stated in the semi -annual report that from the perspective of the coal industry, the growth rate of coal consumption in the second half of the year will continue to recover, and the growth rate may increase compared to the first half of the year.As the growth rate of electricity consumption in the whole society has rebounded in the second half of the year, the demand for electricity will increase slightly.High -quality coal production capacity will continue to be accelerated, and coal imports are expected to continue to show weakness.Currency coverage of coal will be further improved, and the supply and demand of the coal market in my country will remain overall balance, and prices will run in a reasonable range.

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