G Shenhuo (000933) currently has a lower valuation
The total production capacity of Xinzhuang coal mine and Gedian coal mine owned by the company is designed to be 2 .55 million tons, and the actual coal production is more than 3.2 million tons. According to the company's announcement, the company's recently acquired Xinlong coal mine is in the experimental production stage. It can increase its production capacity by 900,000 tons in 2006. The Liuhe coal mine, with a planned production capacity of 450,000 tons, will be officially put into operation. commissioning during the second half of next year. The increase in production capacity in 2006 will be around 200,000 tonnes. The Xuehu mine, with an annual production of 1.2 million tonnes, is expected to be officially commissioned in the second half of 2007, and the Quandian mining field, with a prannual production of 1.2 million tons, is expected to be officially put into operation in 2008. 09. Once all the coal mines under construction and acquired are put into operation, the company's production capacity will increase by 3.75 million tonnes, an increase of 110.29% from the current production of 3.4 million tonnes. Additionally, the company has integrated aluminum and power assets through additional issuance. The company will form a complete coal-power-aluminum industrial chain, which can take full advantage of the synergistic effects of coal, power and aluminum businesses, reduce overall costs and increase the core competitiveness of the industry. business. In the secondary market, the current stock price is less than 9 yuan, and the earnings per share in 2005 was 0.95 yuan. Based on this calculation, the price/earnings ratio is less than 10 times that of 2006. is expected to grow regully, so the current valuation is even lower.