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Yankuang Energy's 2022 Profit Rose 80% on Higher Coal Prices

Por: MarketWatch Business March 27, 2023

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Total revenue rose 42% to CNY154.60 billion, with higher prices of coal offsetting a 5.2% drop in the company's total volume of salable coal production. In 2023, Yankuang plans to sell 103 million tons of self-produced coal, up from 91.2 million tons in 2022, and 6.2 million tons of coal chemical products, similar to 2022 levels. It targets capital expenditure of about CNY15 billion, up from CNY12.63 billion in 2022. It is expected that the... + full article



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