GANSU EC(000552)2025-02-19 08:42Group 1: Coal Business Overview - The company operates 8 coal production mines with an annual production capacity of 16.24 million tons, and has 3 mines under construction with a planned capacity of 6.9 million tons [1] - The main coal types produced are thermal coal and coking coal, with thermal coal being the primary product sold to power generation companies under long-term contracts [1] - The company is enhancing coal quality through the construction of washing plants and optimizing production processes [2] Group 2: Cost Management - In 2024, coal production costs are expected to decline despite higher costs associated with deep mining operations [2] - The company is implementing intelligent mining technologies and improving budget management to reduce operational costs [2] Group 3: Internal Coal Consumption - The company sells coal to its power and chemical plants based on market principles, with internal coal consumption projected to reach approximately 12 million tons per year once new projects are operational [2] Group 4: Power Generation Business - The main operational power plant, Baiyin Thermal Power Company, has a capacity of 2×350MW and is among the top in the province for efficiency and low coal consumption [3] - A new thermal power project in Lanzhou is under construction, designed to generate 3.302 billion kWh of electricity and provide 13.6241 million GJ of heat annually, with completion expected by the end of 2025 [4] Group 5: Chemical Business Development - The company is developing a clean and efficient gasification project to produce ammonia, urea, and other products, with the first phase successfully starting operations in February 2025 [5] - The project aligns with national industrial policies and aims to enhance production efficiency while reducing energy consumption [5] Group 6: Market Value Management - The company is focused on improving its market value management in response to guidelines from the State-owned Assets Supervision and Administration Commission, as its stock price has often been below net asset value since July 2024 [6]