Breakdown | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | |||||
Total Revenue | 308.31M | 990.79M | 1.60B | 1.12B | 1.01B |
Gross Profit | 14.71M | 232.45M | 660.52M | 398.79M | 297.44M |
EBITDA | -19.36M | -111.96M | 609.68M | 371.77M | 39.68M |
Net Income | -539.03M | -493.42M | 73.92M | -92.89M | -346.93M |
Balance Sheet | |||||
Total Assets | 2.86B | 3.11B | 3.32B | 3.37B | 3.41B |
Cash, Cash Equivalents and Short-Term Investments | 4.14M | 36.01M | 31.74M | 30.38M | 36.00M |
Total Debt | 2.09B | 1.87B | 1.84B | 2.07B | 2.03B |
Total Liabilities | 4.49B | 4.16B | 3.87B | 4.01B | 3.96B |
Stockholders Equity | -1.82B | -1.28B | -796.92M | -849.21M | -735.57M |
Cash Flow | |||||
Free Cash Flow | -51.37M | 158.27M | 388.04M | 110.31M | -35.26M |
Operating Cash Flow | 117.39M | 418.74M | 637.16M | 276.82M | 189.09M |
Investing Cash Flow | -168.77M | -253.18M | -250.75M | -154.03M | -222.66M |
Financing Cash Flow | 45.40M | -179.83M | -384.85M | -127.63M | 23.13M |
Feishang Anthracite Resources Limited has announced a series of strategic actions to address a disclaimer of opinion from its auditors regarding the company’s financial statements for 2024. These actions include exploring capital raising opportunities, considering divestiture plans to lower debt, negotiating with lenders, and settling litigations. The company has resumed production at its coal mines, with a notable increase in output, and is implementing stringent coal quality management and cost control measures to improve operational efficiency.
Feishang Anthracite Resources Limited successfully held its Annual General Meeting on May 30, 2025, where all proposed resolutions were passed with overwhelming support. These resolutions included the re-election of executive and non-executive directors, the re-appointment of Ernst & Young as auditors, and the authorization for the board to manage share allotments and repurchases. The unanimous approval of these resolutions reflects strong shareholder confidence in the company’s leadership and strategic direction.