China Coal Energy Co (HK:1898) has released an update.
China Coal Energy Co. has released its operational data for May 2024, showing a mixed performance with a 5.1% increase in coal production volume, yet an 11.2% decrease in total coal sales volume compared to the previous year. The data also highlight variations in its coal chemical operations, with some products like urea experiencing significant sales volume growth of 33.3%, while others like methanol saw a production drop of 14%. The company cautions that these monthly operational figures are preliminary and subject to factors such as market conditions and macroeconomic policies, advising investors not to rely solely on this data for making investment decisions.
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