Shanxi Coking Coal Energy (SZ:000983) Zhong Guo Jin Rong Xin Xi Wang·2025-09-09 03:36Core Viewpoint - Shanxi Coking Coal Energy Group Co., Ltd. is the largest listed coking coal company in China, focusing on high-quality coking coal resources and achieving significant growth through strategic asset restructuring and technological innovation [1][2][3]. Group 1: Company Overview - Shanxi Coking Coal has 17 coal mines with a total resource volume of 6.53 billion tons, and an additional 0.95 billion tons from a newly acquired exploration right, with a resource lifespan exceeding the industry average [1]. - The company has a high market share in premium coking coal, making it irreplaceable for domestic steel coking enterprises [1]. Group 2: Strategic Developments - In February 2021, Shanxi Coking Coal initiated its first-ever equity merger and acquisition in 23 years, acquiring 51% of Huajin Coking Coal and 49% of Mingzhu Coal Industry, with a total asset value of 23 billion yuan and a transaction scale of 7.04 billion yuan [2]. - The restructuring project was approved by the CSRC on December 29, 2022, marking it as the largest asset restructuring in the coal sector in nearly a decade [2]. Group 3: Financial Performance - Post-restructuring, the company saw a significant increase in key financial metrics, with coal resource reserves rising from 4.4 billion tons to 6.6 billion tons and raw coal production capacity increasing from 37.8 million tons per year to 48.9 million tons per year [3]. - In 2023, the company successfully raised 4.4 billion yuan through a targeted issuance, receiving bids exceeding 10 billion yuan, marking the largest equity financing in the coal sector in over a decade [3]. Group 4: Resource Expansion - In 2024, the company successfully acquired additional coal resources amounting to 0.95 billion tons, increasing its coal resource reserves by 14% [4]. - The company also holds significant reserves of bauxite and gallium, establishing new production bases and strategic support points [4]. Group 5: Technological Advancements - Shanxi Coking Coal is focusing on low-carbon development and industrial upgrades, implementing a digital management system for mining operations and enhancing safety through advanced monitoring technologies [5][6]. - The company has completed the construction of 10 intelligent mines and is advancing smart mining techniques to optimize production processes [6]. Group 6: Corporate Governance - The company has improved its corporate governance structure by aligning with the latest regulatory requirements and enhancing its internal control systems [7]. - Shanxi Coking Coal has received an "A" grade for information disclosure from the Shenzhen Stock Exchange for four consecutive years and has been recognized for best practices in corporate governance [7]. Group 7: Investor Relations - The company has distributed over 26.1 billion yuan in dividends since its listing, with a cash dividend of 2.04 billion yuan planned for 2025, representing 20.16% of net profit [8].