Pingmei Shenma Group holds 2019 strategic customer Symposium

On the morning of October 22, China Pingmei Shenma Group held the 2019 strategic customer Symposium and 2020 senior cooperation signing ceremony in the new urban area. Zhang Jinchang, chairman of the trade union of the group, attended the symposium, and representatives of eight customers from State Power Investment Group Henan electric power company, Huanggang Dabieshan power generation company and Datang Henan power generation company attended the symposium. Since last year, under the guidance of the national supply side structural reform policy, China Pingmei Shenma Group has promoted the long-term cooperative operation mechanism with customers, and steadily promoted the pricing mode of "benchmark price + floating price". Since this year, both sides of coal supply and demand have strengthened the spirit of contract, deepened the concept of long-term cooperation, and achieved good results.

In the first nine months of this year, the group's long-term cooperation rate of power coal reached 91%. The role of long-term cooperation in "ballast" has been further highlighted, ensuring the efficient connection between coal supply and demand, and creating a relatively stable market environment for "production, sales and use". It is reported that the strategic customers of China Pingmei Shenma Group power coal long association use more than 11 million tons of group coal every year, providing strong support for the reform and development of the group. According to Zhang Jinchang, practice has proved that the implementation of coal long-term cooperative operation mechanism and price linkage mechanism reduces communication costs and ensures efficient connection between supply and demand. In the future, we will continue to adhere to the concept of "long term cooperation and win-win development", strengthen communication, deepen understanding and identification, actively respond to various risks and challenges, and make every effort to provide customers with more satisfactory products and services, and promote a higher level of cooperation. At the meeting, we had in-depth exchanges on the achievements of cooperation and problems to be solved. Eight customer representatives signed a 2020 cooperation agreement with the group, involving 10.45 million tons of group power coal products.