There are objective reasons for the high associated sales of Lan Yan Holdings in recent years, which are caused by the particularity of coalbed methane industry and the phased requirements of industry development. The company's main service targets are basically coal enterprises, and the main sales areas are also concentrated in Shanxi Province. 20 17 large energy enterprises such as Tongmei Group, Lu 'an Group and Guo Xin Energy injected their equity into SDIC (later renamed as "Guo Yun Company"). As Jinneng Holding Equipment Manufacturing Group (formerly Jinmei Group), the largest shareholder of the company, belongs to Guo Yun Company, and the scope of related parties has expanded, customers who did not belong to related parties have related relationships with the company, which has become one of the important reasons that affect the related sales.
Because coalbed methane mining and ground gas control are integrated and dual-purpose, coalbed methane mining has achieved the effect of gas control, so the two sides have maintained long-term and stable cooperation. In addition, Blue Flame CBM also provides CBM to the former subsidiary enterprises of Shanxi Coal Group (such as Shanxi Shi Ming CBM Utilization Co., Ltd.), and then sells it to the end users through the user pipeline of the former subsidiary enterprises of Shanxi Coal Group, so it is also reflected in the financial statements as a related party transaction. It can be seen that the growth of Lanyan Holdings is great.
Where is Lan Yan Holding Company?
Lan Yan Holdings (000968) is a listed company in Shaanxi, and its industry is the oil industry. As of April 24, 2020, the total share capital of Lan Yan Holdings was 967,502,700 shares, of which 654,380+075,000 shares were restricted shares, 967,327,700 shares were tradable shares and 967,327,700 shares were listed and circulated A shares. The reason for the change is the offline rights issue. The company's business scope includes surface mining of coalbed methane; Mineral resources exploration; Coal mine gas control service; Design, consultation and construction of coalbed methane (coal mine gas) project; Road freight transport; Invest abroad with its own funds.