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China Stock Profile – Yanzhou Coal Mining Co. (YZC)
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Statistics for YZC:P/E 7.9Long Term EPS Growth NAPEG Ratio NA Net Margin 26%Average Rating Value 3Average Rating HoldAverage Target Price 12.11Current Price 15.19Year to Date Performance 102%Institutional Ownership 1.81%Short Interest as % of Float 0.41%Explanation of TermsP/E - Price divided by EarningsLong Term EPS Growth - Long-Term (next 3-5 years) EPS Growth Rate estimated by Wall Street analystsPEG Ratio – P/E to Growth Ratio. Generally the lower the ratio the more attractive the stock  Net Margin – Net Profit divided by RevenueAverage Rating Value – Based on Ratings given by Wall Street analysts. Generally, the lower the value, thehigher the ratingAverage Rating – Based on Ratings given by Wall Street analystsAverage Target Price – Based on Target Price given by Wall Street analystsCurrent Price – Current Market Price of stock Year to Date Performance – Year to Date Performance in Price of stock Institutional Ownership - % of Shares held by Large InstitutionsShort Interest as % of Float – Short Interest in the stock as a % of Equity FloatChart of YZCYZC Company ProfileYZC is involved in underground coal mining, and in the preparation, processing, sale, and railwaytransportation of coal. Its principal products include steam coal, which is used in the power industry; andmetallurgical coal that is used with coking coal in the process of pulverized coal injection. It also transports
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By H.U.
 
coal through rivers and lakes; sells coal and construction materials, trades and processes mining machinery;invests in heat and electricity; manufactures and sells mining machinery and engine products; developsintegrated coal technology; operates Tianchi Coal Mine and produces methanol and other chemical products. The company was founded in 1973 and is based in Zoucheng, China. Yanzhou Coal MiningCompany Limited is a subsidiary of Yankuang Group Corporation Limited.Key Executives of YZC
Mr. Yunqing Dong
, 53Sr. Admin. Officer, Director, Member of Remuneration Committee, Member of Audit Committee andChairman of Labor Union
Mr. Yu Xiang Wu
, 47Chief Financial Officer 
Mr. Xinkun Wang
, 57Deputy Gen. Mang., Director of Shandong Yanmei Shipping Co Ltd
Mr. Xinghua Ni
, 52Chief Engineer 
Mr. Baocai Zhang
, 41Head of Information Management Department, Company Sec.
Major Holders of YZC
TOP INSTITUTIONAL HOLDERS
 
HolderShares% OutValue*ReportedInvesco Ltd.1,429,334.73$10,248,32431-Mar-09Bank of New York Mellon Corporation1,179,771.60$8,458,95831-Mar-09DIMENSIONAL FUND ADVISORS INC961,010.49$6,890,44131-Mar-09ROYAL BANK OF SCOTLAND GROUP,PLC937,013.48$6,718,38331-Mar-09UBS AG881,254.45$6,318,59131-Mar-09RENAISSANCE TECHNOLOGIES, LLC574,900.29$4,122,03331-Mar-09BARCLAYS PLC469,700.24$3,367,74931-Mar-09ARROWSTREET CAPITAL, LIMITEDPARTNERSHIP278,700.14$3,834,91230-Jun-09Claymore Advisors, LLC263,055.13$1,886,10431-Mar-09MORGAN STANLEY249,267.13$1,787,24431-Mar-09
TOP MUTUAL FUND HOLDERS
 
HolderShares% OutValue*ReportedPowershares Exhg Traded Fd-PowersharesGolden Dragon Halter 1,409,235.72$13,486,37830-Apr-09DFA INVESTMENT DIMENSIONS-DFAEMERGING MKTS VALUE581,500.30$3,779,75031-Jan-09Claymore ETF Tr-Claymore BNY BRIC ETF188,235.10$1,069,17428-Feb-09DFA Emerging Markets Core Equity Portfolio165,500.08$1,075,75031-Jan-09USAA Mutual Fd Tr-Emerging Markets Fd66,300.03$376,58428-Feb-09SEI INSTITUTIONAL INTL TR-EMERGING MARKETS EQUITY FUND38,620.02$276,90531-Mar-09Profunds-UltraChina Profund34,592.02$331,04530-Apr-09First Tr Exchange Traded Fd-First Tr ISEChindia Index Fund33,298.02$238,74631-Mar-09DFA Investment Dimensions-EmergingMarkets Social Core Equi24,800.01$161,20031-Jan-09CAUSEWAY EMERGING MARKETSFUND22,900.01$164,19331-Mar-09
Outlook for Chinese Coal IndustryAccording to the Energy Information Administration of the US:
Coal use in China’s electricity sector increases from 24.9 quadrillion Btu in 2006 to 57.3 quadrillion Btu in 2030, atan average rate of 3.5 percent per year (Figure 46). In comparison, coal consumption in the U.S. electric power sector is projected to grow by 0.7 percent annually, from 20.7 quadrillion Btu in 2006 to 24.3 quadrillion Btu in 2030. At the beginning of 2006, China had an estimated 350 gigawatts of coal-fired capacity in operation. To meet the demand for electricity that is expected to accompany its rapid economic growth, an additional 600 gigawatts of coal-fired capacity(net of retirements) is projected to be brought on line in China by 2030, requiring large financial investments in newcoal-fired power plants and associated electricity transmission and distribution systems. In the near term, the
 IEO2009
projections show a substantial amount of new coal builds, with 192 gigawatts of capacity additions between2006 and 2010.In addition to required investments in China’s electric power industry, the large increase in Chinese coal demand projected in the
 IEO2009
reference case indicates a continuing need for substantial investments in both coal miningand coal transportation infrastructure. Examples of some recent and forthcoming investments in China’s railtransportation system include major capacity expansions for some of the country’s existing coal railways, the plannedconstruction of several new coal railways, the scheduled delivery of 300 modern General Electric locomotives to theChinese Railways Ministry by 2010, and an estimated $100 billion of investment in rail services included in China’srecently approved stimulus packageMore than one-half (52 percent) of China’s coal use in 2006 was in the non-electricity sectors, primarily in theindustrial sector. China was the world’s leading producer of both steel and pig iron in 2006. Over the projection period, coal demand in China’s non-electricity sectors is expected to increase by 13.9 quadrillion Btu, to 51 percentabove the 2006 level.Because China has limited reserves of oil and natural gas, coal remains the leading source of energy in its industrialsector. In large part, coal’s declining share of industrial energy consumption in China is the result of increasing use of electricity in the sector; however, that increase also can be viewed indirectly as an increase in coal consumption, giventhat coal-fired power plants are projected to satisfy approximately three-fourths of China’s total power generationrequirements throughout the period from 2006 to 2030. Electricity’s share of total industrial energy use rises from 18 percent in 2006 to 28 percent in 2030, while coal’s share drops from 61 percent to 51 percent.
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