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Mar.29.2024 1USD=7.0948RMB
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Huolinhe Opencut Coal Industry's Net Profit up 11.75% YoY in H1 2019

https://en.steelhome.com [SteelHome] 2019-08-23 10:38:31

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According to the announcement issued by Huolinhe Opencut Coal Industry on the evening of August 22, in the first half of 2019, the company achieved operating income of 9.533 billion yuan, a year-on-year increase of 7.41%; net profit of 1.375 billion yuan, an increase of 11.75%on year.

As of the end of the reporting period, the company achieved operating profit of 1.683 billion yuan, an increase of 8.09% over the same period of the previous year; the total profit reached 1.668 billion yuan, an increase of 8.38% year on year.

The company's main business is the production and sales of coal products. Thermal power generation, coal mining and power generation are transported to Inner Mongolia, Jilin and Liaoning. The company's products include lignite, thermal power and so on. Coal products are mainly sold to coal-fired enterprises in Inner Mongolia, Jilin and Liaoning for thermal power generation, coal chemical industry and local heating.

In the first half of 2019, the production of coal was 24.54 million tons, down 2.03% on year. The sales volume of raw coal was 24.6255 million tons, which was 1.93% lower than the same period of the previous year. The power generation capacity was 3.097 billion kWh (including photovoltaics and wind power), an increase of 6.17% on year. The sales volume of electricity was 2.711 billion kWh (including photovoltaics and wind power), up 2.56% on year.

(To contact the reporter on this story: crystal.lin@steelhome.cn or 86-555-2238927)
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