Wintime Energy Group Co.,Ltd. (China)

Wintime Energy Group Co., Ltd. is a company based in Taiyuan, China. The company specializes in coal mining and trading. In recent years, the global and domestic economic situation has been challenging, with a continuous decline in international coal prices and an increase in domestic coal imports. This has led to a decrease in demand from major coal-consuming industries such as metallurgy, construction materials, and chemicals, resulting in fluctuating coal prices and intensified competition in the industry. To address these challenges, the company focuses on ensuring safety in production, accelerating technological upgrades in mining operations, and extending its industrial chain. Additionally, the company actively utilizes the capital market to expand and develop its main coal business through the acquisition of related coal mines and resources, significantly increasing its production capacity and resource reserves. The company aims to enhance its planning capabilities, implement feasible measures to mitigate the impact of economic fluctuations on its operations, improve safety and quality standards, and adjust its financing structure to ensure financial security and reduce financing costs. On April 11, 2023, the company changed its Chinese name from "永泰能源股份有限公司" to "永泰能源集团股份有限公司".