In 2021, Guanghui Energy (600256.SH) will keep in mind its original mission, with the main line of “focusing on operation, careful calculation, innovation and breakthrough, and improving quality and efficiency”, with the goal of “improving profitability and refined management level”, and insisting on profit orientation , and made precise efforts to tackle difficulties, creating the best operating performance in the history of Guanghui Energy.
On the evening of April 14, Guanghui Energy disclosed its 2021 annual report. During the reporting period, the company achieved an operating income of 24.865 billion yuan, a year-on-year increase of 64.3%; a net profit attributable to the parent of 5.003 billion yuan, a year-on-year increase of 274.4%; The profit was 5.09 billion yuan, a year-on-year increase of 217.51%; the basic earnings per share was 0.7688 yuan. In addition, it is planned to distribute a cash dividend of 4 yuan (tax included) for every 10 shares to all shareholders, with a total of 2.626 billion yuan (tax included) distributed in cash dividends.
Guanghui Energy is a private enterprise currently owning three resources of “coal, oil and gas” at home and abroad. Relying on abundant natural gas, coal and petroleum resources, the company has built a comprehensive energy industry system with liquefied natural gas (LNG), methanol, coal and coal tar as the main products, the coal chemical industry chain as the core, and energy logistics as the support. Relying on rich resource advantages, it has formed four business segments: natural gas liquefaction, coal mining, coal chemical industry, and oil and gas exploration and development. A large listed energy company integrating the market.
In recent years, Guanghui Energy has implemented the strategy of “big energy, big logistics and big market” around the “Belt and Road”, focusing on the development of natural gas, coal and oil, to build a clean and efficient utilization and transformation base for coal in Xinjiang, and a comprehensive development of oil and gas in Central Asia. Base, North American comprehensive oil and gas development base, opening up the energy logistics channel out of Xinjiang, the China-Kazakhstan cross-border natural gas pipeline and the Qidong shipping oil and gas receiving channel.
At present, the company has launched the second strategic transformation and upgrading with the theme of “green revolution”. In accordance with the new development concept of “quality, innovation, safety, green and coordination”, the company makes full use of both domestic and foreign markets and two resources, actively Participate in international energy cooperation, continuously meet the growing domestic demand for green energy, ensure national energy security, and strive to build an internationally competitive energy public company.
At the same time, the unique advantages of Guanghui Energy determine the core competitiveness that cannot be copied or surpassed by the company itself, which provides a solid foundation for the sustainable and stable development of the company’s energy development industry. First of all, the company is based in Xinjiang and Central Asia, facing the world, obtaining abundant coal, oil and natural gas resources, and has the advantage of sufficient, low-cost, high-quality energy resource reserves. Secondly, the company makes full use of the advantages of abundant resource reserves in key regions of the Western Development, leading the planning and layout in advance, and the entire energy industry chain covers the overall strategic layout of the country’s “Belt and Road”, and further taps potential market space. Finally, the big energy, big logistics and big market development strategy adopted by the company has the advantage of supplying a complete and supporting whole industry chain from upstream resource exploration and development, midstream resource processing and conversion, and logistics transit transportation to downstream terminal market sales.
Main business product sales volume and price rise resonance
2021 is the first year of the “14th Five-Year Plan”. Energy is the guarantee of infrastructure and economic development. During the “14th Five-Year Plan” period, my country will continue to accelerate the energy revolution, continuously improve the ability to guarantee energy supply, and accelerate the construction of clean and low-carbon energy. A carbon-safe and efficient energy system will help the national economy continue to maintain a stable growth trend. During the year, the energy market moved from international to domestic, with oil, natural gas and coal prices hitting record highs, and all three being the best-performing assets this year. In the face of the complex economic situation, Guanghui Energy insists on operating performance as the guide, firmly grasps market opportunities, maintains safe and stable operation of production facilities, and achieves the best performance in history.
As far as the natural gas and oil sectors are concerned, the company seeks progress while maintaining stability and innovates to increase efficiency. In 2021, the company will achieve a natural gas output of 883.5165 million cubic meters and a sales volume of 4,566.2216 million cubic meters. The International Trade Company resolutely adjusted its business ideas, carried out high-priced spot entrepot trade, and created a new profit growth point for the company. Qidong Integrated Logistics Co., Ltd. overcame the impact of the weather and the epidemic and continued to do a good job in safety management and control. The LNG ship unloading capacity was increased to 185,000 m3, the construction of 5# 200,000 m3 storage tanks, and the construction of 6# 200,000 m3 storage tanks and 2# berth procedures. The work is progressing in an orderly manner. Natural gas companies closely follow market changes, adjust product prices in real time, vigorously develop non-gas value-added, trade and outsourcing businesses, and continue to promote the construction of benchmarking stations. The oil company took multiple measures to tap the potential of gas reservoirs, and signed the “Oil and Gas Exploration and Development Cooperation Agreement” with Anhui Everbright, laying a solid foundation for the effective revitalization of heavy oil assets.
As far as the coal and coal chemical sectors are concerned, the company has achieved stable production and high efficiency and seized opportunities. In 2021, the output of coal chemical products will be 2,166,500 tons, and the sales volume will be 2,157,900 tons; the output of raw coal will be 10,288,700 tons, and the sales volume will be 15,026,300 tons; the output of upgraded coal will be 3,664,800 tons, and the sales volume will be 4,922,800 tons. Mining companies closely follow market changes, coal production is connected in an orderly manner, actively explore remote markets, and continuously increase prices. The new energy company continues to do a good job in safe production, reasonably organizes annual maintenance, and maintains a good momentum of high and stable production. Clean Refinery Co., Ltd. carefully organized annual maintenance work, highlighted the improvement of production and operation quality, and steadily promoted the construction of supporting projects. Focusing on the overall goal of the project, the environmental protection technology company successfully achieved the mid-term delivery of the project, opened up the entire production process, and produced qualified ethylene glycol products. The product output of Sulfur Chemical Company is stable at more than 33t/day, the purity of dimethyl disulfide has reached the domestic advanced level, and the safety and environmental protection management has reached a new level.
As far as the sales and logistics sector is concerned, the company closely follows the market, and both volume and price rise. Chemical sales companies closely follow national policies and changes in chemical product market conditions, adjust their sales strategies in a timely manner, and their sales prices have repeatedly hit record highs. Hongnao Railway Company took multiple measures to increase the number of vehicles loaded, and the upper and lower linkages improved the turnover efficiency, and the road freight volume gradually increased.
From the perspective of strategic emerging sectors, the company is far-sighted, transforming and upgrading. The 3 million ton/year carbon dioxide capture, pipeline transportation and oil displacement integrated project (the first phase of the construction of a 100,000 ton/year carbon dioxide capture and utilization demonstration project) has made important staged progress. Hydrogen energy projects are planned and deployed ahead of time to coordinate the development of the entire hydrogen energy industry chain.
Practicing the “One, Two, Three, Four” strategy to achieve green and low-carbon development
The year 2022 will be a year for the transformation of the global energy structure, the steady progress of the domestic economy, and the advance of macro policies. In the current complex environment of repeated global epidemics, increased expectations of tightening overseas liquidity, and continuous rise in crude oil prices, the energy and chemical industry continues to face greater challenges and opportunities. Xinjiang, as one of the rare energy bases in the world with abundant and highly concentrated reserves of various fossil energy sources, has given full play to the strategic positioning, location advantages and resources of the “Silk Road Economic Belt Core Area” in the implementation of the national “One Belt, One Road” strategy. The advantages provide a once-in-a-lifetime historical opportunity for Xinjiang enterprises.
Under the background of carbon peaking and carbon neutrality, in order to actively respond to the call to improve the quality of energy development, promote the green development and utilization of coal, and improve the development level of clean energy, Guanghui Energy relies on its own corporate characteristics and combines Xinjiang’s location advantages to actively take the initiative. Adapt to the new form of domestic and foreign energy industry development, and regard 2021 as the year of the second strategic transformation in the company’s development history.
It is understood that the second (2021-2025) strategic transformation and upgrading of Guanghui Energy will focus on the “green revolution” as the theme, and will focus on the existing industrial structure, concentrate superior forces, and implement the “one, two, three, four” strategy. Focus on “one main business” – natural gas business The domestic natural gas business has bright future prospects. The company’s natural gas business accounts for just over half of its operating income. It plans to strive to achieve a natural gas revenue share of more than 70% through 4-5 years of development. Balanced development of “two sectors” – coal and coal chemical sector, based on existing industrial projects, steadily develop coal and coal chemical businesses, make every effort to improve the technical upgrading of each project and extend the industrial chain downward, seek progress while maintaining stability, and develop a cycle economy. Accelerate the realization of the “three transformations” and transform into a world-leading carbon dioxide capture and storage (CCUS) and oil displacement enterprise; transform into a domestic leading hydrogen energy industry chain development enterprise; transform into a comprehensive energy source combining traditional fossil energy and new energy development enterprise. The advantages are superimposed “four scenarios”: the best raw material supply scenario, the best manufacturing scenario, the best market demand scenario, and the best terminal application scenario.
In 2022, Guanghui Energy will continue to adhere to the main line of work “strictly adhere to the bottom line, keep improving, innovate and improve quality, and transform and upgrade”. Effectively build a solid line of defense for safety, environmental protection and epidemic prevention, refine and implement responsibilities; continue to promote refined management, tap potential, improve quality and efficiency; attach great importance to value risk management to ensure controllability and create value; fully implement the talent development strategy, Build a solid foundation and gather talents. Strictly abide by the bottom line of safety, environmental protection and epidemic prevention, take operating profit as the guide, build a refined management system, further improve quality and efficiency, unswervingly promote the green energy development strategy, and fully realize the high-quality development of the enterprise. (Panorama Network)Return to Sohu, see more
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