TKGF(SH:601233) Xin Lang Cai Jing·2025-06-21 01:34Core Viewpoint - The company, Tongkun Co., Ltd., is investing over 6.1 billion yuan to build an open-pit coal mine in Xinjiang to extend its upstream industrial chain and ensure stable fuel supply for its polyester fiber production [1][2]. Group 1: Project Details - The coal mine project in the Qiketa area of Shanshan County, Xinjiang, has a total investment of approximately 6.144 billion yuan and an annual production capacity of 5 million tons [1]. - The project will be implemented by Xinjiang Zhongcan Comprehensive Energy Co., Ltd., with funding sourced from self-raised capital and bank loans [1]. - The planned conventional capacity is 3.5 million tons per year, with a reserve capacity of 1.5 million tons per year, covering an area of 29.8988 square kilometers [1]. Group 2: Strategic Importance - The project aims to enhance the supply of raw materials for the polyester fiber business and ensure stable fuel supply for local production facilities in Xinjiang [1]. - By 2025, the company expects to consume 500,000 tons of coal for its combined heat and power projects in Xinjiang [1]. Group 3: Future Investments - Xinjiang Zhongkun New Materials Co., Ltd. plans to invest around 1 billion yuan to upgrade its existing natural gas-based ethylene glycol project, utilizing coal as a raw material to meet the gas demand for an annual production of 600,000 tons of ethylene glycol [1]. - The implementation of this project will facilitate local conversion of coal resources and diversify the raw material sources for ethylene glycol production, enhancing self-sufficiency in the polyester fiber supply chain [1]. Group 4: Economic Impact - Once fully operational, the project is expected to generate an average annual output value of approximately 1.8 billion yuan and an average annual after-tax profit of about 442.2172 million yuan [2]. - The project is anticipated to directly create around 500 jobs and indirectly stimulate employment for approximately 4,000 people [2]. Group 5: Company Background - Tongkun Co., Ltd. was established in 1981 and went public in 2011, focusing on the research, production, and sales of civil polyester filament [2]. - The company has total assets exceeding 100 billion yuan and employs nearly 40,000 people, achieving a full industrial chain layout from oil and gas to textiles [2].