JZEG(000937)2024-11-14 09:47Group 1: Production Capacity and Mining Operations - The company has completed capacity increases at its Inner Mongolia subsidiaries, with Jiaxinde Coal Industry at 900,000 tons and Jiandong Coal Industry at 300,000 tons, bringing the total capacity to 6.6 million tons per year [1] - The company is currently conducting deep mining trials, which are in the experimental production phase, to provide technical data support for future capacity increases [1] - The company does not have any mines exceeding a depth of 1,000 meters, in compliance with national regulations [2] Group 2: Sales and Market Strategy - The company's coal sales consist of 30% coking coal, with all raw coal from coking coal mines processed internally [2] - Approximately 60% of the coking coal is contracted through long-term agreements, primarily on a monthly basis [2] - For thermal coal, long-term contracts account for about 75-80% of the company's production, with prices regulated according to national requirements [2] Group 3: Financial Performance and Future Plans - The decline in profits for the third quarter is attributed to reduced coal market prices [3] - There are currently no plans for share buybacks or specific coal-electricity joint operations [3] - The company is enhancing resource reserves and aims to strengthen its core coal business, while also developing a shareholder return plan for 2023-2025 [3]