Yingying Song's questions to HUNGF leadership • Q3 2023
Question
Inquired about current coal inventory levels and the 2024 outlook, requested a breakdown of standard coal prices, and asked about the loss status and potential asset impairments for the thermal power segment.
Answer
The company holds about 30 days of coal inventory (14.47 million tons). The standard coal price for the first 9 months was CNY 1,097/ton. The financial performance of thermal plants has improved significantly, with only 27% of plants making a loss in Q3, down from 76% in the prior year. No guidance on asset impairment was provided.