lu'an EED(601699)2024-05-20 10:28Group 1: Company Performance and Strategy - The company aims to maintain a coal production capacity of approximately 50 million tons this year [5] - As of March 2024, the total credit granted by banks to the company is 21.85 billion yuan [4] - The company is focused on cost control and aims to enhance operational efficiency through management improvements [4][6] Group 2: Market Outlook and Pricing Mechanism - The company anticipates that coal prices will remain within a reasonable range, with minimal likelihood of extreme fluctuations [5][6] - The pricing mechanism for long-term coal contracts is based on market conditions, with approximately 25% of electricity coal being priced according to national guidelines [8] - The company plans to adjust its pricing strategy based on market demand and production costs [4][8] Group 3: Investor Relations and Shareholder Value - The company is committed to protecting the interests of all shareholders, particularly small shareholders, by stabilizing stock prices and enhancing market value [3][4] - The company intends to continue a high dividend payout policy, responding to investor demands for cash dividends [7][8] - The management is focused on maintaining a steady dividend policy as a means of protecting and rewarding investors [8] Group 4: Future Developments and Innovations - The company is actively participating in resource bidding to strengthen its coal resource reserves and enhance market competitiveness [6][7] - There are ongoing efforts to upgrade existing mines, with one mine already in production and two others undergoing technological improvements [6][7] - The company plans to achieve full operational status for its intelligent mining projects by the end of 2027 [7]