WINTIME ENERGY co., ltd

Yongtai Energy Co., Ltd. is a comprehensive energy enterprise listed on Shanghai Stock Exchange. Its stock name is Yongtai energy, stock code: 600157, English Name: wtecl. The company was established on July 30, 1992 and listed on Shanghai Stock Exchange on May 13, 1998. Unified social credit code of the company: 91140000267171001c, registered capital: 12425795326 yuan, legal representative: Xu Peizhong, office address of the company's headquarters: 26-27f, Shuangxi square, No.9 Qinxian North Street, Xiaodian District, Taiyuan City, Shanxi Province, business scope: comprehensive energy development; bulk commodity logistics; emerging industry investment and other businesses. At present, the company's stock is CSI 300, SSE 180 sample stock and the investment target stock of Shanghai Hong Kong stock connect.

The controlling shareholder of Yongtai Energy Co., Ltd. is Yongtai Holding Group Co., Ltd., which is a comprehensive industrial holding group company. It now holds 456953563 shares of the company, accounting for 36.77% of the total shares of the company. Yongtai Holding Group Co., Ltd. was established on April 15, 2002. Registered capital: 4669.8 million yuan, address: 127 Xuanwumen West Street, Xicheng District, Beijing, 14 Taipinghu Dongli, business scope: project investment; sales of building materials, electronic equipment, metal materials, precious metals. At present, the main industries are energy, logistics, investment, medicine and finance. The business scope covers Beijing, Shanxi, Jiangsu, Henan, Hainan, Guangdong, Shaanxi, Inner Mongolia, Xinjiang and other places. At the end of 2015, Yongtai holding group had total assets of 95.7 billion yuan and net assets of 21.9 billion yuan. In 2015, it achieved operating income of 10.8 billion yuan and net profit of 300 million yuan.

At present, Yongtai Energy Co., Ltd. is mainly engaged in electric power, mining, petrochemical, logistics and investment. Its total installed power capacity is 10.94 million KW, annual coking coal capacity is 10.95 million tons, annual oil blending and distribution capacity is 10 million tons, and annual throughput capacity of the terminal is 30 million tons. By the end of December 2015, the total assets of the company were 87.6 billion yuan and the net assets were 26 billion yuan. In 2015, the company achieved 13.2 billion kwh of power generation (from May to December), 11.45 million tons of raw coal output, 10.8 billion yuan of sales revenue and 1 billion yuan of net profit.

In recent years, Yongtai Energy Co., Ltd. has actively implemented the diversified transformation development strategy, gradually realized the transformation from a single energy enterprise to the three major industries of "energy, logistics and investment", continuously enhanced the company's market competitiveness and risk resistance, improved the company's business performance, and realized the company's sustainable development.

1、 Energy sector. Yongtai Energy Co., Ltd. will focus on electric power, accelerate the development of electric power and oil and gas industry, stabilize coal production and operation, and steadily promote shale gas exploration. At the same time, the company will closely follow the pace of power system reform and state-owned enterprise reform, and strive to make breakthroughs in the fields of new energy, clean energy, sales and distribution, and mixed ownership.

1. Electricity business. The power business of Yongtai Energy Co., Ltd. is mainly distributed in Zhangjiagang City and Peixian County of Xuzhou City in Jiangsu Province, Xinmi City and Zhoukou City in Henan Province. The total installed power capacity is 10.94 million KW, the installed power capacity in operation is 4.96 million KW, and the installed power capacity under construction and preliminary work is 5.98 million KW. In 2017, four generating units with a total installed capacity of 3.32 million KW will be put into operation, and in 2018, two generating units with a total installed capacity of 1.32 million KW will be put into operation. At that time, the company's power industry will enter the ranks of large power generation enterprises with a scale of more than 10 million kilowatts.

At the same time, Yongtai Energy Co., Ltd. closely follows the pace of power system reform and actively arranges the field of sales and distribution. At present, the company has set up power sales companies in Beijing, Jiangsu, Henan and other places, and will rely on policy support and regional advantages to expand relevant business in the power sales market, constantly improve the company's power industry chain, cultivate new profit growth points, and enhance the company's competitiveness in the power industry.

2. Mining business. Yongtai Energy Co., Ltd. has three main coal integration enterprises in Shanxi, including Huaxi Mining Co., Ltd., Yinyuan coal and coke Development Co., Ltd. and Shanxi Kangwei Group Co., Ltd., with a total of 16 coal mining enterprises, and one coal mining enterprise in Shaanxi, Xinjiang, Inner Mongolia and Australia. At present, the company has 14 mines in production, with a total capacity of 10.95 million tons of main coking coal and blended coking coal per year. The planned coking coal mine has a total capacity of 4.5 million tons per year, with a total reserves of 1.058 billion tons of high-quality coking coal resources. The planned high-quality steam coal mine has a total capacity of 1.5 million tons, With a total reserves of 1.466 billion tons of high-quality steam coal resources, the company now has a total of 2.524 billion tons of high-quality coal resources, which has reached the scale of large domestic coal enterprises.

In addition to high-quality coal resources, Yongtai Energy Co., Ltd. also has shale gas exploration rights approved by the Ministry of land and resources of Guizhou Fenggang block 1, Fenggang block 2 and Hunan Sangzhi block. At present, it is exploring shale gas mineral resources in these three blocks, with an exploration area of 3000 square kilometers and good preliminary exploration results.

3. Petrochemical business. Yongtai Energy Co., Ltd. is building the Daya Bay fuel oil blending and distribution center project in Huizhou, Guangdong Province, with an annual blending and distribution of 10 million tons of fuel oil. After completion, it will become a larger marine fuel oil blending center in China, filling the gap of large-scale fuel oil blending and production in China. The project is expected to be completed in the second half of 2017, and will form good economic benefits after all the projects are completed.

4. New energy business. The company will actively respond to the national new energy development policy, combine with the market demand, constantly give play to its resource integration ability and advantages, and explore to expand into the business field of new energy and clean energy, so as to realize the company's diversified energy industry development strategy.

2、 Logistics sector. Yongtai Energy Co., Ltd. takes Huayan Logistics Co., Ltd. established in Qianhai New District of Shenzhen City as the platform, relies on Dayawan oil terminal in Huizhou, Guangdong Province and Yangtze River Coal Terminal in Zhangjiagang, Jiangsu Province, forms an annual throughput of 30 million tons of oil and coal, and vigorously promotes the development of bulk commodity logistics industry.

At present, Yongtai Energy Co., Ltd. is building a large domestic marine fuel oil blending center and a large private public oil terminal in South China in Daya Bay, Huizhou, Guangdong. It will build a 300000 ton crude oil terminal and three 20000 ton product oil terminals. After the completion of the project, it will form a terminal handling capacity of 20 million tons per year and a terminal capacity of 1, With a dynamic storage capacity of 10 million tons / year, it has become one of the large-scale private oil storage and bonded oil depots in China.

In addition, Yongtai Energy Co., Ltd. has a 50000 ton coal terminal in Zhangjiagang, Jiangsu Province, and will build a 100000 ton coal terminal on this basis. After the completion of the expansion, it will form a coal cargo throughput of 10 million tons per year.

3、 Investment sector. Yongtai Energy Co., Ltd. takes Huasheng Asset Management Co., Ltd. established in Shanghai free trade zone as the investment platform to actively carry out project investment in strategic emerging industries and investment in financial field, so as to drive the growth of the company's investment business and improve the investment income.

First, the layout of emerging industries. Yongtai Energy Co., Ltd., together with Jiangsu Shuangliang, Tianshuo investment and other domestic enterprises, has established Shanghai runliangtai IOT technology partnership (limited partnership) with a total amount of 10 billion yuan. Through Shanghai runliangtai IOT industry fund platform, Yongtai Energy Co., Ltd. has established perception technology company with perception group, actively laying out the emerging industries of IOT. At the same time, we will take the lead in setting up medical industry funds such as human assisted reproduction to enter the big health care industry. The second is to set foot in the field of equity investment. The company invested 350 million yuan through its subsidiary to participate in the fund established by Zhuhai Dongfang Jinqiao equity investment partnership and participate in the private equity investment projects in the capital market. Through the cooperation of its subsidiaries with CITIC Group and Three Gorges group, the Three Gorges Jinshi equity investment fund was established to lay out equity investment business in the capital market. Third, enter the field of Finance and insurance. The company participated in the establishment of Zhonghui property Mutual Insurance Corporation to speed up the investment layout in the insurance field. The project has been approved by CIRC and is currently under preparation. Other related projects are also advancing in an orderly manner.

Looking forward to the future, Yongtai Energy Co., Ltd. will make full use of the strategic opportunities and preferential policies of national industrial restructuring, encouraging industrial restructuring, mixed operation and development of emerging industries, further deepen the company's transformation, improve the company's business performance, and strive to build the company into a cross industry, cross regional (domestic and foreign) and cross ownership "industry + finance" type enterprise We should build a comprehensive modern enterprise and realize the development goal of listed companies with a market value of 100 billion yuan and profits and taxes of 10 billion yuan.