Yankuang Energy Group Company Limited Sponsored ADR Class H ( (YZCAY) ) has released its Q4 earnings. Here is a breakdown of the information Yankuang Energy Group Company Limited Sponsored ADR Class H presented to its investors.
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Yankuang Energy Group Company Limited is a joint stock limited company based in China, primarily engaged in coal mining and chemical production, with operations spanning across China and Australia. In its latest earnings report for 2024, the company reported a net profit attributable to shareholders of RMB14.056 billion, despite facing challenges such as a fluctuating coal market and a complex macroeconomic environment. Key financial highlights include a total sales income of RMB124.5 billion and a proposed final dividend of RMB0.54 per share. The company achieved a record production of 142 million tons of salable coal and 8.7 million tons of chemical products, marking significant year-on-year increases. Looking ahead, Yankuang Energy plans to increase its coal production to 155-160 million tons and further expand its chemical production, while focusing on cost reduction and efficiency improvements. The company aims to maintain a strong market position by leveraging its rich resource reserves and technological advancements.