Yunnan energy investment (002053), a listed company, officially released its 2019 financial report, which is the first annual report disclosed after the company completed the restructuring.

According to the data, the revenue and profit of Yunnan Energy Investment Co., Ltd. will increase in 2019, with operating revenue of 1.93 billion yuan and parent profit of 260 million yuan, with year-on-year growth of 5.3% and 9.8% respectively.

According to the data of shell Digging Research Institute, the main business of Yunnan energy investment is divided into “Salt + clean energy”, including the production and sales of salt, industrial salt, daily chemical salt, mirabilite and other series of products, as well as the construction and operation of natural gas pipeline network, natural gas sales, household installation services, etc.

In 2019, the company completed the major asset restructuring project, newly injected high-quality wind power assets, and four wind power companies were included in the company’s statement consolidation scope.

During the reporting period, the traditional business and new wind power business of Yunnan Energy Investment Co., Ltd. made efforts to improve the performance.

In the salt industry sector, the company carried out “double increase and double decrease” to promote system innovation and market-oriented transformation, continuously consolidate the market share of salt industry in the province, and strive to expand the market outside the province.

In the natural gas sector, while the branch pipeline projects have been put into operation, the company has steadily promoted the development of the whole industry chain, including diversified supply of gas sources, construction of middle reaches pipeline network, and expansion of terminal market.

In the wind power sector, due to the favorable wind and meteorological conditions in Yunnan Province in 2019, the total power generation of four wind power companies under Yunnan energy investment group increased by 10% compared with the same period of last year, and the sales volume increased by 7.83% compared with the same period of last year. The wind power sector has become one of the most important sources of profits for the company, effectively increasing the company’s operating performance.

Editor in charge: WV

Tagged:

Leave a Reply

Your email address will not be published. Required fields are marked *