DYEC(SH:600403) Zheng Quan Shi Bao Wang·2025-06-24 12:32Core Viewpoint - Daya Energy's subsidiary Mengjin Coal Mine has resumed operations after a 38-day shutdown due to an accident, which is expected to positively impact the company's coal production in 2025 [1][3]. Group 1: Company Operations - Mengjin Coal Mine has a certified production capacity of 1.2 million tons per year, accounting for 7.84% of the company's total capacity [1]. - In 2024, Mengjin Coal Mine produced 1.2305 million tons of commercial coal, generating revenue of 581 million yuan, representing 12.71% and 11.78% of the company's total production and revenue, respectively [1]. - The mine's production in Q1 2025 was 238,400 tons, with revenue of 106 million yuan, contributing 8.82% and 9.81% to the company's respective totals [1]. Group 2: Financial Performance - Daya Energy reported a net loss of 1.091 billion yuan in 2024, attributed to a decline in average coal prices by approximately 106 yuan per ton, which reduced total profit by about 1 billion yuan [2]. - The company experienced a year-on-year increase in coal production of 546,400 tons and sales of 358,200 tons in 2024, which positively impacted total profit by approximately 420 million yuan [2]. - Overall, the company's total profit decreased by about 580 million yuan in 2024 due to a combination of factors including increased coal production and changes in coal quality [2]. Group 3: Future Outlook - With the resumption of operations at Mengjin Coal Mine and the recent approval for the Yengcun Coal Mine's 15th mining area to resume production, Daya Energy's overall coal output is expected to increase [3]. - The Yengcun Coal Mine has a certified production capacity of 3.6 million tons per year, representing 23.53% of the company's total capacity, and its production is projected to increase by approximately 1 million tons following the resumption [3].