ZCE(600121)2024-09-13 09:33Group 1: Company Performance - The company achieved a raw coal production of 3.45 million tons in the first half of 2024 [3] - Revenue for the period was 2.162 billion CNY, with a total profit of 112 million CNY [3] - The decrease in profit was primarily due to a 9% year-on-year decline in coal prices, while revenue remained stable due to optimized production layout [4] Group 2: Strategic Developments - The company established a joint venture, Zhengzhou Shuguang Cloud Technology Co., Ltd., to enhance digital transformation and competitiveness [3] - The new company focuses on software development, sales, and information system integration services, aiming to become a key player in the industrial internet sector [4] - Zhengzhou Shuguang has achieved several certifications, including a 3A-level integrity certification in the information technology industry [4] Group 3: Market Outlook and Challenges - The company anticipates that coal prices will remain under pressure but expects limited fluctuations in the second half of the year due to seasonal demand [5] - The company is considering share buybacks or increases in holdings depending on financial conditions, with no current plans disclosed [4] - The company’s coal resource reserves are reported at 560 million tons, with an exploitable reserve of 250 million tons [5]