Core Viewpoint - China Qinfa (00866) has entered into a coal supply agreement with Zhejiang Energy Asia Pacific, involving the sale of 150,000 tons of Indonesian thermal coal, which is expected to provide a stable revenue source due to the ongoing demand from Zhejiang Energy's state-owned power plants [1][2]. Group 1: Agreement Details - The agreement allows for a 10% adjustment in the base quantity of coal, with shipments scheduled to begin in November 2025 and concluding upon full delivery and payment [1]. - The coal will be shipped in two batches, each with a capacity of 75,000 tons, subject to the same 10% adjustment [1]. - The pricing mechanism for the coal is based on a formula involving the average of the Indonesian Coal Index (ICI2 and ICI3), adjusted for calorific value and quality, plus an additional $5 per ton [1]. Group 2: Strategic Implications - The decision to enter a shorter-term agreement, rather than the initially anticipated 20-year contract, was made to allow more time for evaluating annual production capacity [1]. - The agreement is considered fair and reasonable, aligning with the company's and shareholders' overall interests, as stated by the board of directors [2].

Core Viewpoint - The company Qinfa (00866) has entered into a coal supply agreement with Zhejiang Energy Asia Pacific, marking a strategic move to secure stable revenue from coal sales [1][2]. Group 1: Agreement Details - SDE, a non-wholly owned subsidiary of the company, will sell 150,000 metric tons of Indonesian thermal coal to Zhejiang Energy Asia Pacific [1]. - The agreement allows for a 10% adjustment in the base quantity, with shipments scheduled to commence in November 2025 [1]. - The coal will be delivered in two shipments of 75,000 metric tons each, with pricing based on a formula involving the Indonesian coal price index and adjustments for coal quality and calorific value [1]. Group 2: Strategic Implications - The initial expectation was for a 20-year supply agreement; however, the parties opted for a shorter-term agreement to allow for further evaluation of annual production capacity [2]. - The agreement is seen as a means to provide a stable income source due to the ongoing demand from Zhejiang Energy's state-owned power plants [2]. - The board of directors considers the terms of the agreement to be fair and reasonable, aligning with the company's and shareholders' overall interests [2].

Core Viewpoint - China Qinfa (00866.HK) has entered into a coal supply agreement with Zhejiang Energy Asia Pacific, involving the purchase of 150,000 metric tons of Indonesian thermal coal [1] Group 1: Agreement Details - The agreement allows for a mutual adjustment of the base quantity by 10% upwards or downwards [1] - Initially, a 20-year supply agreement was anticipated, but both parties require more time to assess annual production capacity before committing to a long-term contract [1] Group 2: Revenue Stability - The coal supply agreement is expected to provide the company with a stable revenue source due to the ongoing demand from Zhejiang Energy's state-owned power plants [1]

Core Viewpoint - China Qinfa (00866) has entered into a coal supply agreement with Zhejiang Energy Asia Pacific, involving the sale of 75,000 metric tons of Indonesian thermal coal [1] Group 1: Agreement Details - The agreement is a short-term coal supply contract, as the parties require more time to assess annual production capacity before committing to a long-term agreement [1] - The initial expectation was for a 20-year supply agreement, but the current decision reflects a more cautious approach [1] Group 2: Financial Implications - The coal supply agreement is expected to provide a stable revenue source for the company due to the ongoing demand from Zhejiang Energy's state-owned power plants [1]

Core Viewpoint - China Qinfa (00866) has announced a coal supply agreement between its non-wholly owned subsidiary SDE and Zhejiang Energy Asia Pacific, involving the purchase of 75,000 metric tons of Indonesian thermal coal [1] Group 1: Agreement Details - The agreement stipulates that SDE will sell 75,000 metric tons of Indonesian thermal coal to Zhejiang Energy Asia Pacific [1] - Initially, a long-term coal supply agreement was expected to be established for 20 years, but the parties require more time to assess annual production capacity before committing to a long-term contract [1] - The current agreement is a shorter-term coal supply contract, which will provide the group with a stable revenue source due to the ongoing demand from Zhejiang Energy's state-owned power plants [1]