Minutes of Economic Analysis Meeting

Meeting time: 8:30 am on May 20, 2012

Meeting location: Hongjian Coal Mine Conference Room

Moderator: Yan Zhihua

Participants: Zhang Ping, Su Xingwang, Dong Jinquan, Zhang Biao, Cui Wang, Dan Wenjun

Zhang Lijun, Bai Linfei, Shi Huijiao, Yang Haiyan

Recorder: Su Dong

May On the 20th, the Hongjian Coal Mine Economic Analysis and Production Planning Meeting was held in the Hongjian Coal Mine conference room. The meeting was chaired by Yan Zhihua, general manager of Hongjian Coal Mine. The current minutes are as follows:

1. The meeting first heard about the Hongjian Coal Mine The financial manager's report on economic results in March and the first quarter pointed out that the overall production of Hongjian Coal Mine in the first quarter was normal (excavation engineering coal), but the output was low due to external conditions, which in turn affected sales revenue. At the same time, due to the impact of the layout of the first mining surface and equipment installation, the cost investment exceeds the quota, and cost control must be further strengthened. It is necessary to continue to increase the intensity of payment recovery, and the inventory of bulk materials must be timely and accurate to avoid the occurrence of bad and bad debts. The overall production and operation situation is not very ideal. Product sales and prices are good, but unit consumption is high, which affects corporate profits. Accounts receivable have dropped significantly compared with last year, and payment collection has been good. It is necessary to continue to strengthen on-site management, implement targeted inspections and corrections, and form network management through comprehensive means such as education and inspections.

2. The meeting heard a report on the operating situation from Zhang Ping, the director of Hongjian Coal Mine.

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1. Market operation situation. The overall trend of the coal market is stable. We have conducted in-depth business communications with major customers such as coking plants and signed sales contracts with coal purchasing units. The sales price of lump coal has also been adjusted in a timely manner according to market conditions. The overall market trend of surface coal tends to be stable.

2. Other work. Strengthen the coal field management of Hongjian Coal Mine and achieve a certain degree of improvement in coal sorting, site storage and raw coal distribution. The supply of large-scale materials is still tight, and active countermeasures have been taken to ensure production demand. The performance appraisal work continuously improves various indicators of performance appraisal by correcting deviations that occur during operation. Continue to carry out in-depth theme education activities and continuously improve the quality of business personnel through organized learning and holding meetings.

Key tasks in March and May. First, according to the coal market conditions, the sales strategy should be adjusted in a timely manner to ensure better profitability. The second is to coordinate with customers, do a good job in procurement, and ensure smooth production. Contact new supplier customers and make every effort to ensure smooth production. The third is to continue to improve the performance appraisal work, closely integrate it with actual work, and continuously improve the level of operation and management.

3. The meeting heard the chief engineer’s report on the completion of key tasks in April and the arrangements for key tasks in May.

The Ministry of Production and Technology suggested that Hongjian Coal Mine should speed up preparations for development, and managers should increase their awareness of safety and quality standardization and set high standards and strict requirements. Regarding the arrangement of the first mining face, the 1301 working face must strive to form mining conditions as soon as possible and strive to conduct joint trial production by the end of June. In terms of safety management, the roof management of the 1301 working surface is the focus.

Yan Zhihua, general manager of Hongjian Coal Mine, emphasized: First, continue to increase safety work. Strive to achieve the successful standardization acceptance of coal mines. In this case, it is necessary to strengthen the management of underground mining, excavation, machinery, transportation and communication. The installation of underground feng shui pipelines must be intensified, and the focus of the "one supply and three defenses" work must be On fire protection. The second is to do a good job in three-prevention work during the rainy season. 2

Flood control materials must be adequately prepared, and we must not take chances. We must always be prepared to prevent eventualities and nip them in the bud. Third, on the premise of ensuring safety, production must be accelerated in the second quarter. The 1301 working face must be mined as soon as possible, and preparations for the second mining face in the west wing must be accelerated at the same time. Mines must be actively rectified in accordance with the country's current situation and policy requirements, and the standards must be high rather than low. Fourth, work such as "two mentions and one drop", "three determinations and one pair", performance appraisal and thematic education must be carried out unremittingly. The Supervision and Examination Office must strictly supervise and assess every month. Fifth, we must actively grasp national policies, take corresponding measures, and actively strive for policy support.

4. Yan Zhihua, general manager of Hongjian Coal Mine, summarized the meeting and made requirements

1. In the second quarter, acceptance and efficiency work must be fully grasped. Judging from the first quarter, the overall performance is better than last year, but there is a certain gap between the output and the beginning of the year.

In the second quarter, all companies and departments must coordinate and cooperate well to give full play to project advantages and strive for maximum output and best benefits. You can't stick to the rules at work, you have to be innovative. We must try our best to get the job done well, instead of being afraid of difficulties and being timid, we must learn to take the initiative to deal with problems.

2. Enterprise management must be strengthened. The problems that exist in enterprises ultimately arise because of inadequate corporate management, and the most critical one is the issue of responsibility. Each company must review and summarize the key tasks and indicators at the beginning of the year in a timely manner, identify work gaps, and continuously make corrections and improvements.

3. Attention should be paid to the three prevention work during the rainy season. It is necessary to further implement the work of flood control ditch excavation, line cleaning, flood season duty, and flood control supplies. The Ministry of Safety and Environment must organize and inspect to ensure that the three precautions during the rainy season are perfect.

4. Continue to strengthen safety management. The current social environment requires people-oriented, and most of the industries we are in are high-risk industries, which requires us to attach great importance to safety management and persist in it with a high sense of responsibility to society, the enterprise, and employees. Do a good job in safety management.

In short, the acceptance inspection work of Hongjian Coal Mine in the first quarter was basically in line with expectations, and we strive to achieve normal mine production by the end of the second quarter.

Minutes of the Economic Analysis Meeting [Part 2]

At 3:00 pm on April 19, the "March 2012 Safety Office Meeting" was organized in the video conference room on the 26th floor of Yonggui Energy and First Quarter Economic Activities Analysis Meeting". The meeting was chaired by Executive Deputy General Manager Song Qingshan. Company leaders, heads of departments and offices, heads of various units and relevant personnel attended the meeting on site. The minutes of the Economic Activities Analysis Meeting for the First Quarter will now be released. The heads of each unit must carefully understand and implement the spirit of the meeting.

1. The chief accountant made the "Economic Operation Analysis Report of Yonggui Energy in the First Quarter of 2012"

With the strong support of the group company and Yongmei Company, through the * **With joint efforts, Yonggui Energy's safety situation was stable in the first quarter, gas control effects were obvious, production organization was normal, operating conditions were improving, and various management tasks were significantly improved; major production and operation indicators such as raw coal output, development footage, and operating income were all achieved Planned goals: profit increased significantly year-on-year, and costs decreased month-on-month and year-on-year. Compared with the same period last year, the internal and external environment has been greatly improved and continues to maintain a good development trend.

(1) Completion of main production and operation indicators in the first quarter

Raw coal production completed 100% of the plan and 23% of the annual plan; development footage completed 101% of the plan and completed the annual plan 20% of the plan; operating income completed 150% of the plan and 22% of the annual plan; total profit completed 45% of the plan and 11% of the annual plan; the comprehensive selling price of commercial coal was 434.28 yuan/ton, an increase of 54.24 yuan/ton from the previous month. tons, a year-on-year increase of 129.34 yuan/ton; the actual cost of raw coal unit manufacturing

was 232.66 yuan/ton, a month-on-month decrease of 65.29 yuan/ton, a year-on-year decrease of 37.65 yuan/ton; the four expenses decreased by 510,000 yuan compared with the plan .

(2) Report on the completion of other indicators

1. The lump coal sales ratio in the first quarter was 14.9%, an increase of 3.15% from the plan and a year-on-year increase of 7.41%.

2. The total investment in infrastructure projects was 283 million yuan, completing 106.32% of the cumulative plan; the mine construction footage was 3,719 meters, completing 114.82% of the cumulative plan.

At the end of March, the inventory amount dropped by 13.43 million yuan month-on-month; accounts receivable dropped by 24.66 million yuan month-on-month. Compared with the beginning of the year, the capital increase rate of accounts receivable was 109%. As of the end of March, employee borrowings had dropped by 1.79 million yuan, or 50%, from the previous month; the total amount of employee arrears had dropped by 390,000 yuan, or 18%, from the beginning of the year.

(3) Ranking of operating indicators in the first quarter (see attachment)

(4) Highlights of operation and management in the first quarter

1. Maintain stable production safety in the first quarter , laying the foundation for various operations and management work, and the overall economic operating situation is improving.

2. Position Yonggui Energy’s overall work improvement ideas in 2012, and be sure to achieve the work goal of “management efficiency improvement”.

3. Adjust assessment orientation, strengthen responsibilities, and improve economic benefits.

By increasing the guidance of assessment of composite indicators (per capita profit margin, cost and expense profit margin, revenue growth rate, material cost), the management of work efficiency, product prices, costs, etc. can be further strengthened, and the comprehensive management level and economic benefits of the enterprise can be improved.

4. The information system implementation plan has been reviewed and approved by Yongmei, and the corresponding work is being actively carried out; we will continue to increase the promotion of internal market-oriented management of each unit.

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5. Continue to carry out benchmarking management, increase internal potential tapping, and improve the level of comprehensive internal management of the enterprise.

6. Coal quality management has achieved remarkable results. In 2012, coal quality management adopted risk mortgage and heavy reward methods (Yonggui (2012) No. 52 Document). The lump coal rate and calorific value gradually increased month-on-month, laying the foundation for the year-on-year increase in comprehensive sales prices.

7. The Qianxi comprehensive office building project was delivered as scheduled. Difficulties such as on-site management of project construction and coordination of local government relations have been overcome, making the project progress smoothly. It has been recognized by relevant leaders of the provincial government and praised many times by the Bijie City and Qianxi County governments; on April 6, the hotel announced Implement the opening ceremony.

8. The comprehensive rock tunnel excavation technology was successfully applied. Xintian Coal Mine took the lead in using comprehensive rock tunnel excavation technology, reaching a good result of 232 meters/month in March, accumulating valuable experience for Yonggui Energy’s promotion of advanced equipment and new technology applications.

9. Gaoshan Coal Mine strengthened construction organization and optimized construction technology in the first quarter. With the "four-in-one" outburst prevention measures, the single blast-drilling advance reached 173 meters in February.

10. Nuodong Coal Mine introduced the "equipment financing lease" financing model in the first quarter to solve financing difficulties.

(5) Main production and operation objectives and strengthening measures for the second quarter

1. Main production and operation objectives for the second quarter

Safety continues to remain stable and gas control objectives And the effect is not lower than that of the first quarter, raw coal output, development footage, operating income, profit, comprehensive selling price, etc. are not lower than those of the first quarter, and the level of various operations and management is further improved; each unit breaks down the task requirements according to indicators to ensure time , more than half of the tasks.

2. Strengthen the "ten measures" to improve management and efficiency to ensure that more than half of the time and tasks are completed

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First, continue to strengthen the focus on gas control to ensure safety , promote production.

The second is to strengthen the implementation of internal marketization, truly improve the level of refined management, and achieve the goal of improving management efficiency.

The third is to strengthen coal quality management and unified sales management, and form a production and marketing concept of "improving quality internally and expanding markets externally".

The fourth is to strengthen the assessment orientation and tap into management potential.

The fifth is to strengthen the concept of standard coal measurement and assessment and focus on benefit growth.

Sixth, we will strengthen work efficiency management, streamline the organization, and continue to implement job sharing and diversion. Seventh, increase investment in the construction of "short-term, flat and fast" projects to form new profit growth points as soon as possible.

The eighth is to strengthen benchmarking management and establish a model orientation.

Ninth, continue to strengthen financial control and strive for preferential tax policies.

The tenth is to strengthen the profitability of the trade sector, continue to focus on logistics trade, and ensure a steady increase in trade income.

4. The Chairman gave important instructions on production safety and operation management in the first quarter

1. Proposed four conditions for good economic activities, namely, stable safety situation and continuous labor organization. , professional management is in place, and economic benefits are controllable.

2. The safety situation must remain stable; recent water penetration accidents at the Lindong Mining Bureau, Water Mining Group and Henan Coal-to-Gas Company in the Bijie area have occurred. At present, the mines in the entire Bijie area have stopped, and the government has directly closed the mines where the accident occurred. We must take this as a warning.

3. The two major threats to coal mine production are gas and water. Accidents such as gas outbursts, drilling fires, and gas explosions seriously endanger production safety and must be prevented and controlled; 4

Special inspections must be conducted on water in old kilns, water in old empty areas, and fissure water, and any inspections must be reported promptly. picture.

4. Make preparations for Yongmei inspection in the second quarter. Gas control, quality standardization, etc. must be put on the road; each unit must recognize the gap and make arrangements in advance, and the assessment results must be linked to wages.

5. The safety team’s inspection guidance and communication and learning, the understanding of various professions, inspection methods, standards, etc. must be improved.

6. Requirements for infrastructure projects: The gas identification work of Gaoshan Coal Mine must be carried out as soon as possible, and the trial production in May cannot be affected; Zhengdong Coal Mine must complete the acceptance work as soon as possible, otherwise it will be the biggest problem for Yonggui Energy For illegal mines, the formalities should be a focus of work; the formalities of Xintian Coal Mine should be paid attention to; the start-up issues of Yangliu Coal Mine; the Diguapo No. 1 project should be started as soon as possible, and the strategic significance of the project in southwestern Guizhou must be recognized; machine repair The factory must be positioned well. The focus at this stage is to do a good job in repair business and strengthen operation and management at the same time. It cannot become the next loss point of Yonggui Energy; the coal preparation plant project must also be vigorously promoted. At the same time, great attention must be paid to the investigation of waste stone power plant projects and the promotion and application of various safety production and operation management experiences.

7. Cadre management. For example, the problems that arose in the sales management of Shiqiao Coal Mine and their handling, and Wan Huochun of Sitong Coal Mine who went out to train for the qualification certificate of the mine manager without asking for leave were strictly implemented in accordance with the company's rules and regulations.

8. The accounts payable of the entire Yongmei Company’s internal units must be repaid as quickly as possible, and other people’s funds cannot be used for long-term operations. All mines must pay attention to this.

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Attachment:

Ranking of operating indicators in the first quarter

1. Revenue completion (***10 units)< /p>

2. Profit completion status (***11 units)

3. Standard coal output completion status (***8 units in March)

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120150

Completion rate: %

806040200

Jiaozishan Mine

Shiqiao Coal Mining

Wufeng Coal Industry

Anshun Mine

Faxiang Coal Industry

Qianjin Coal Industry

Longhua Coal Ye Xingren Coal Industry

Standard coal conversion calorific value: 5,000 calories/g; Dafang Building Materials planned a cement output of 80,000 tons in March, and actually completed 88,000 tons, completing 110% of the plan (not participating in the standard coal sorting) ).

4. Development of footage (***8 units)

5. Four expenses (sorted by saving amount, ***10 units)

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6. Manufacturing costs (***9 units)

7. Material fees (sorted by the current month’s indicators, including manufacturing costs, administrative expenses and sales expenses and material fees)

10080 unit: yuan/ton

6040200 first quarter

Wufeng Coal Industry 21.31

Shiqiao Coal Industry 24.56

Xingren Coal Mining 24.78

Anshun Mine 26.35

Jiaozishan Mine 26.95

Longhua Coal Mining 29.21

Qianjin Coal Industry 37.53

Xiaochunwan Mine 68.84

Faxiang Coal Industry 77.71

8. Sales volume increase and decrease month-on-month (March, ***9 units)

432

Unit: 10,000 tons

10

Sedan chair-1-2-3

9. Comprehensive selling price (settlement price, excluding adjustment funds)

10. Production lump coal ratio (***8 units)

11. Calorific value (***8 units) Unit)

12. Infrastructure investment

13. Mine construction footage

14. Merchandise inventory balance

15. Material reserve fund quota (All are self-storage materials)

16. Accounts receivable balance

17. Personal loan balance

18. Income year-on-year growth rate (*** 9 units)

19. Cumulative profit per capita (***

11 units)

20. Cost and expense profit margin (***10 Unit)

21. Asset Profit Rate

Economic Analysis Meeting Minutes [Part 3]

Time: November 5, 2 pm Location: Second Floor of the Power Plant Conference room

Meeting content: Economic operation analysis of cost reduction and efficiency improvement in power generation in October

Participants: Factory leaders, production department, comprehensive department, finance department, equipment department, industrial company related Personnel and management personnel above the section chief of the power generation workshop, power supply workshop, and maintenance workshop. 1. Completion of production, profit, and cost indicators

Completion of production indicators

Analysis of cost management (spare parts and material consumption) in October

Unit: 10,000 Yuan

Internal profit completion in October 2012

Unit: 10,000 yuan

2. Analysis of production indicators:

①Unit load Completion rate

②Generator unit load analysis:

Internal factors: 1. Due to the problem of steam leakage in the 4# grate pipe, the 4# furnace was closed from 8:05 on the 14th to 16th respectively. The furnace was shut down at 9:20 and 6:25 on the 22nd to 21:10 on the 23rd, resulting in a single furnace operation of the 3# unit for 88 hours and a power loss of 130,000 KW.h.

2. From 7:30 to 14:14 on the 30th, furnace #6 was shut down for 7 hours, resulting in a power loss of 20,000 kw.h.

External factors: 1. The main external factor this month is low coke oven gas pressure, which resulted in less power generation of about 250,000 KW.h throughout the month.

③TRT power generation load analysis:

External factors: 2#TRT: 12:39---14:18, 14:31-16:03 on the 2nd due to the blast furnace iron cover falling off , causing the electric operation of 2#TRT to lose 8000kw.h.

3#TRT: 1. From 8:15 to 13:18 on the 19th, the blast furnace side of 3#TRT3# stopped operating.

For 5 hours, the power loss was 8800kw.h.

2. From 23:00 to 23:26 on the 26th, the 3#TRT3# blast furnace side was out of operation, resulting in a power loss of 2000kw.h.

Three: There are problems

1. The speed regulator of the 5# machine is unstable, which affects the loading and unloading.

2. The rear exhaust pipe of furnace #3 is leaking and the steam flow is restricted.

3. The corrosion of the 3#TRT3# side expansion joint has intensified.

4. Requirements of factory leaders:

1. Strengthen the management of hidden dangers in equipment. For hidden dangers that cannot be treated in a timely manner or require coordinated management by the company, the relevant departments of the company and the company must be informed in a timely manner. Report to the leaders and strive to deal with it as soon as possible to avoid abnormal equipment and affecting power generation.

2. Track the situation after the integrated water purifier and boiler water replenishment measurement are put into operation. 3. Monitor the entire equipment maintenance process to ensure maintenance quality and safety.

Tracking and implementation of matters assigned by the factory director last month:

Arrangements 1. Strengthen employees’ sense of responsibility and have a deep reflection on accidents. Implementation status: Each workshop organized employees to study and reflect on accidents. Through learning and reflection, employees' safety awareness was improved. The safety examination carried out in the work section, and the training and examination organized by the factory on the "six precautions" knowledge, gas knowledge and restricted space knowledge in winter have improved the safety skills of employees and enhanced their confidence in ensuring safe production.

Arrangement items 2. Take the initiative and ask for gas.

Implementation status: In September, our plant had low power generation due to insufficient gas. In order to increase the power generation in October, according to the requirements of the factory leaders, the actual situation of the gas shortage in our factory was reported to the company many times through different channels. After continuous reflection and struggle, the company increased the supply of gas in our factory in the second half of this month. The supply has increased the power generation capacity. 5. Implementation of rectifications

Please see the attached table for the implementation status of rectifications last month and the rectification projects next month

Power Plant November 10, 2012

Note: Last month Unfinished projects will be transferred to next month for rectification

Power Plant November 10, 2012