Interface News reporter | Yin Jingfei
April 19th Dayou Energy (600403FreeslotswinrealmoneynodepositrequiredAccording to the announcement, it was appealed by the Haixi Prefecture Bureau of Ecological Environment and was claimed for more than 1 billion yuan. It happened behind this.FreeslotswinrealmoneynodepositrequiredWhat happened?
1 billion the cause of the action
Dayou Energy announced on April 15, 2023 that in April 2023, the Bureau of Ecological Environment of Haixi Prefecture filed a lawsuit for eco-environmental damage to the Intermediate people's Court of Haixi Mongolian and Tibetan Autonomous Prefecture of Qinghai Province. Tianjun Yihai Energy Coal Management Co., Ltd. (hereinafter referred to as "Tianjun Yihai") and Dayou Energy are the defendants.
As a plaintiff, the Haixi Ecological Environment Bureau complained that since Yihai Energy Company entered the Muli Mining area in Haixi Prefecture in 2003, it illegally and illegally carried out coal mining in well No. 3 in Juhugeng Mining area, which caused substantial damage and impact on the soil, vegetation and ecosystem service functions of alpine meadows, destroyed the local ecological environment, and seriously damaged the social and public interests.
While Yihai Energy Company was originally a company funded by Dayou Energy, on December 24, 2020, Dayou Energy transferred its 100% stake in Yihai Energy Company to Yima Coal Group Co., Ltd. According to Article 11 of the Coal Law of the people's Republic of China and Article 3 of the provisions on Mine Geological Environment Protection, Dayou Energy knows full well that the mining area is facing the fact of comprehensive improvement of ecological environment before transferring Yihai Energy Company. however, during the period of holding Yihai Energy Company, he held a laissez-faire attitude towards the ecological environment damage state of Muli Coal Mine, and did not follow the principle of "who develops, who governs, who develops, who protects". Actively fulfill the environmental protection obligations of the investors and developers, so that the result of eco-environmental damage continues to this day, and should jointly bear the liability of compensation for eco-environmental damage with Yihai Energy Company.
On December 28, 2023, the Haixi Intermediate people's Court issued (2023) Qing 28 Civil judgment No. 6 at the beginning of the Republic of China. The result of the first instance judgment was that "the defendant Tianjun Yihai compensated the plaintiff, Haixi Ecological Environment Bureau for the loss of ecological environment."Freeslotswinrealmoneynodepositrequired.15 billion yuan shall be paid within 30 days from the effective date of this judgment; reject the plaintiff's Ecological Environment Bureau of Haixi Mongolian and Tibetan Autonomous PrefectureFreeslotswinrealmoneynodepositrequiredHe asked for a lawsuit.
On April 19, 2024, Dayou Energy announced that on March 29, 2024, the company received a "notice of response" served by the Qinghai Provincial higher people's Court and a copy of the "Civil Appeal" of the Haixi Ecological Environment Bureau. The Haixi Ecological Environment Bureau refused to accept the judgment of first instance and filed an appeal to the Qinghai Provincial High Court.
The Qinghai Provincial High Court has accepted the appeal case, which has not yet been heard. The appellant (plaintiff) in this appeal is the Haixi Prefecture Bureau of Ecological Environment, and the appellee (the defendant) is Tianjun Yihai and Dayou Energy.
According to the announcement, the Haixi Prefecture Ecological Environment Bureau appealed to Tianjun Yihai to compensate Haixi Prefecture Ecological Environment Bureau for the restoration project cost of 363 million yuan, compensatory restoration cost of 367 million yuan, ecological service value loss adjustment service of 268 million yuan, product supply of ecological service value loss of 25.281 million yuan, restoration effect evaluation fee of 2.304 million yuan, appraisal and evaluation fee of 900000 yuan, and legal fees of 3.081 million yuan. The above amounts to 1.03 billion yuan. At the same time, Haixi Prefecture Ecological Environment Bureau also requires Tianjun Haiyuan shareholders Dayou Energy to bear joint and several liability.
There have been many mining accidents
Dayou Energy is a listed company controlled by Henan Energy Group Yi Coal Co., Ltd., which was renamed after the major asset reorganization of Nanjing Xinwang Video Technology Co., Ltd in 2010. Financial reports show that Dayou Energy is mainly engaged in raw coal mining, coal wholesale management, coal washing processing. The mining area of the company is rich in reserves and complete types of coal, spanning Yima, Shanchi and Shaanxi counties under the jurisdiction of Sanmenxia City, as well as Yiyang, Xin'an and Mengjin counties (cities) under the jurisdiction of Luoyang City. As of the first half of 2023, there were 11 production mines and 7 production auxiliary units, with more than 100000 workers and their families. the high-quality long flame coal, coking coal, lean coal and washing coal are widely used in power generation, gas production, industrial boilers, coking, building materials and other industries. The products are widely sold in Henan, Hubei, East China and other 20 provinces and regions.
What needs to be vigilant is that there have been many accidents in Dayou Energy's coal mine, and the Qianqiu Coal Mine has suffered rock burst accidents in June 2008, November 2011 and March 2014, causing many casualties. The accident in March 2014 led to the dismissal of four people, including du Yimin, former chairman and general manager of Dayou Energy, and Li Qiao, former chief engineer.
On May 10, 2023, Dayou Energy announced that a high-temperature fire occurred in the 13 mining area of the company's Gengcun Coal Mine on May 9, and the fire suddenly expanded in the early morning of May 10, resulting in the disappearance of five people at the scene.
Gengcun Coal Mine, a branch of Dayou Energy, is a production mine of the company, with an approved production capacity of 3.6 million tons / year, accounting for 23.53% of the company's total approved capacity. In 2022, Gengcun Coal Mine produced 2.8745 million tons of commercial coal, with an operating income of 1.322 billion yuan, accounting for 24.83% of the company's commercial coal output and 15.39% of its operating income in the same period.
Behind many mining accidents, Dayou's energy performance is unstable. After sustained losses from 2015 to 2016, performance improved from 2017 to 2019, with positive profits achieved. However, it fell into losses again in 2020, but the situation improved after 2021 and changed from profit to loss again in 2023.
On March 30, 2024, Dayou Energy (600403.SH) released its annual performance report for 2023. The company achieved an operating income of 5.814 billion yuan, down 32.30% from the same period last year, and realized a net profit of-481 million yuan, turning from profit to loss over the same period last year. The net cash flow generated by operating activities was 478 million yuan, down 84.56% from the same period last year, and the asset-liability ratio was 64.69%, an increase of 3.51% over the same period last year.
As of April 19, the company's share price was at 3.31 yuan per share, with a market capitalization of less than 8 billion yuan.