TBEA(SH:600089) Zheng Quan Shi Bao Wang·2025-08-19 07:14Group 1 - The company plans to raise 8 billion yuan through a convertible bond issuance, with all proceeds allocated to the 20 billion Nm³/year coal-to-natural gas project in Xinjiang, which has a total investment of 17.039 billion yuan [2] - The project is expected to produce 121,428 million Nm³ of synthetic natural gas (SNG) and 58,267.2 tons of liquefied natural gas (LNG) annually, with a financial internal rate of return (after tax) ranging from 6.54% to 11.71% [2] - The project is deemed essential for enhancing national energy security, promoting clean and efficient coal utilization, and supporting high-quality economic development [3] Group 2 - The energy sector is a core business for the company, which has coal resources amounting to 12.6 billion tons and an approved coal production capacity of 74 million tons per year [3] - The company aims to optimize its energy business structure and enhance operational resilience through the implementation of this project, addressing the cyclical nature and price volatility of the coal industry [3] - The coal-to-gas industry in China is expected to grow, with natural gas consumption projected to reach approximately 430-450 billion cubic meters by 2025 and 550-600 billion cubic meters by 2030 [4]