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Electric Eel - A coal company with a market value of nearly 30 billion yuan The head of the giant suddenly resigned before his original term of office

author:Electric eel finance
Electric Eel - A coal company with a market value of nearly 30 billion yuan The head of the giant suddenly resigned before his original term of office

"Electric Eel Finance" electric eel number/text

Electric Eel - A coal company with a market value of nearly 30 billion yuan The head of the giant suddenly resigned before his original term of office

In the coal industry, a piece of news shook the market, and the head of a coal giant suddenly announced his resignation.

Recently, Jinkong Coal Industry announced that Tang Junhua, chairman of the company, applied for resignation as chairman and director of the company, as well as director of the strategy committee of the board of directors and member of the nomination committee for personal reasons. After resignation, he will no longer hold any position in the company, and his resignation application will take effect from the date when the resignation report is delivered to the board of directors.

"Electric Eel Finance" paid attention to the fact that the main business of Jinkong Coal Industry is coal production and sales business, and the products include thermal coal, which are mainly used in electric power, cement, building materials and other industries. The business scope is mainly coal mining, processing and sales; machinery manufacturing and repair; kaolin processing and sales; railway engineering construction; Rail transport and railway line maintenance.

Electric Eel - A coal company with a market value of nearly 30 billion yuan The head of the giant suddenly resigned before his original term of office

Jinkong Coal 2023 Annual Report

According to the latest annual report released by Jinkong Coal Industry, in 2023, the company will achieve operating income of 15.342 billion yuan, a year-on-year decrease of 4.6%; net profit attributable to shareholders of listed companies was 3.301 billion yuan, a year-on-year increase of 8.27%.

According to the annual report disclosed by Jinkong Coal, Tang Junhua was the deputy general manager of Jinneng Holding Group; Member of the Standing Committee of the Party Committee, Director and Deputy General Manager (Production) of Jinneng Holding Coal Group, Director of the Safety Production Command Center; Deputy Secretary of the Party Committee, Vice Chairman and General Manager of Jinneng Holding Coal Group. He is currently a member of the Standing Committee of the Party Committee and Deputy General Manager of Jinneng Holding Group; Secretary of the Party Committee and Chairman of Jinneng Holding Coal Industry Group; Chairman of Jinkong Coal Industry.

It is worth noting that Tang Junhua's original term of office was from October 27, 2023 to May 19, 2026. This time, Tang Junhua's resignation has not yet reached the end of his original term of office.

Electric Eel - A coal company with a market value of nearly 30 billion yuan The head of the giant suddenly resigned before his original term of office

Jinkong Coal Industry Monthly Chart

"Electric Eel Finance" paid attention to the fact that during Tang Junhua's tenure, the stock price performance of Jinkong Coal Industry was relatively strong. As of June 18, 2024, the share price of Jinkong Coal closed at 17.85 yuan, with a total market value of 29.88 billion yuan.

Jinkong Coal Industry pointed out in the announcement that according to the provisions of the "Company Law" and the "Articles of Association", more than half of the company's directors jointly elected Vice Chairman Gu Jingxuan to act as the chairman of the company, and the agency time is from the date of the announcement to the date of election of the new chairman. Who will be in charge of this coal giant in the future, "Electric Eel Finance" will continue to pay attention.

Eel

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