Jiangsu Guoxin (SZ:002608)2022-11-22 02:56Group 1: Coal Consumption and Supply - The annual coal consumption of power plants in Jiangsu Province is approximately 1,500,000 tons [2] - The long-term coal supply agreements account for about 70% of the coal used, with a fulfillment rate of around 90% [2] - The company’s coal inventory is approximately 12 days, which is lower than in previous years due to high coal prices [3] Group 2: Gas Supply and Pricing - The main gas sources for gas turbine units are PetroChina and Sinopec, with expected seasonal gas prices at 1.97 yuan per cubic meter [3] - Heating prices are approved by local pricing departments, with southern Jiangsu prices being higher than central and northern regions [3] Group 3: Future Development and Carbon Neutrality - The company plans to start construction on a new 1 million kilowatt unit this year, with future additions expected to be more challenging [3] - In the context of carbon neutrality, coal-fired power remains the main source of electricity generation, but there will be a reduction in coal consumption over time [4] - The company’s units are equipped with auxiliary service capabilities, which have generated considerable revenue [4]