• Hi, please login. Free Register Client Center
    Packages Subscription Shopping Cart
    Favorite
    Online Support
    APP

    Zhengzhou Coal 2023 net profit to slump 60-51% YoY; coal output up 10.3%

    sxcoal.com Company,  Cost & Profit 2024-01-23 08:35:22

    Zhengzhou Coal Industry & Electric Power Co., Ltd expected its net profit attributable to the parent company to plunge 60-51% or 41.02-35.02 million yuan on the year to 27-33 million yuan ($3.75-4.59 million) in 2023, according to an announcement.

     

    Its adjusted net profit attributable to the parent company was projected to reach 12-18 million yuan, slumping 83-74% or 56.87-50.87 million yuan from a year earlier.

     

    In 2023, the company produced 6.61 million tonnes of coal, up 10.30% year on year; coal sales totaled 6.63 million tonnes, a 6.84% rise. Revenue for its coal business totaled 3.81 billion yuan, down 5.07% on the year.

     

    The largest coal company in Zhengzhou of Henan ascribed the weak performance mainly to lower average prices of thermal coal, down about 11% year on year, due to the impact of supply and demand dynamics.

     

    Besides, affected by mine water control and treatment and mine accidents, Lugou Coal Mine and Xinzheng Coal and Electricity Co., Ltd. under the company stopped production, leading to a reduction in the total profit by about 230 million yuan compared with normal operation.

     

    (Writing by Riley Liang  Editing by Emma Yang)
    For any questions, please contact us by inquiry@fwenergy.com or +86-351-7219322.

    Share this article
    Connect with us

    All rights reserved. No reproduction is allowed without written permission.

    Related Articles

    Editor's Pick

    1 Whitehaven's raw coal output up 3.4% YoY in Q4 2023 2024-01-24

    The equity raw coal production of Australian miner Whitehaven Coal Ltd. totaled 4.00 million tonnes during October-December 2023, rising 3.4% from 3.87 million tonnes a year earlier, the company annou

    2 China's 2023 power consumption growth beats expectation 2024-01-24

    China consumed 9,224.1 TWh of electricity in 2023, rising 6.7% on the year, according to data released by the National Energy Administration (NEA) on January 18.The growth came higher than the previou

    3 China futures market updates at close (Jan 24) 2024-01-24

    Check out latest updates on the Chinese futures market for coking coal, coke, iron ore and others at close.

    4 China's Dec thermal power generation breaks 600-TWh 2024-01-24

    China's thermal power generation has been climbing since September 2023, with sustained strong momentum in the fourth quarter. The December generation hit a new high since July 2023, breaking 600 TWh

    5 EU aims for 80% reduction in fossil fuel use for energy by 2040 2024-01-24

    The European Union (EU) is planning to reduce its use of fossil fuels for energy by 80% by 2040, compared to 1990 levels, Reuters cited a draft document as said.This target aligns with the EU's ambiti

    6 China Coal Daily Track (Jan 24) 2024-01-24

    Thermal coalProduction area Mine-mouth thermal coal prices fell slightly in main producing regions as demand remained subdued. Overall thermal coal supply went tight as some mines suspended production

    7 China's thermal coal prices down further in mid-Jan, NBS 2024-01-24

    China's thermal coal prices extended the decline over January 11-20, showed the latest data from the National Bureau of Statistics.Anthracite prices continued to fall at a slower pace, while coking co

    8 Int'l thermal coal market faces downward pressure despite supply strain 2024-01-24

    International thermal coal prices remained on the downside last week amid a loose supply-demand balance. Asian buyers exercised caution in despite tight supply in major export markets.Production at so

    9 Japan Dec coal imports down 12% on yr, preliminary data 2024-01-24

    Japan imported 14.41 million tonnes of coal in December, a 12% decrease year on year, showed the preliminary data from the Ministry of Finance.The import value was 408.8 billion yen ($2.76 billion), f

    10 Chinese key steel mills' daily crude steel output up 3.7% in mid-Jan, CISA 2024-01-24

    Chinese key steel mills registered an increase of 3.7% in daily output of crude steel over January 11-20 compared to previous ten days, according to data released by China Iron and Steel Association (

    Most Read Articles

    1 Infographic | India coal imports in Nov 2023 2024-01-18

    Infographic | India coal imports in Nov 2023

    2 Review: S Korea 2023 coal imports down to 10-yr low; Australia remains biggest source 2024-01-18

    South Korea's coal imports for 2023 fell to the lowest level since at least 2014 due to an overall slowdown in coal demand, and Australia was still the largest supplier to the country.South Korea impo

    3 Russian coal supply rises 1.3% on yr in Jan-Nov 2023 2024-01-18

    Russian coal supplies to domestic market and for exports totaled 360.2 million tonnes during January-November 2023, up 1.3% or 4.6 million tonnes year on year, source reported.Coal delivery to Russia'

    4 Germany 2023 thermal coal imports plummet to record low 2024-01-18

    German thermal coal imports hit a historical low of below 19 million tonnes in 2023, following a drastic year-on-year decline of 40%, amid ongoing efforts to phase out coal, Motel reported, citing the

    5 Shaanxi Coal Group posts record revenue and profit in 2023 2024-01-18

    State-owned Shaanxi Coal and Chemical Industry Group saw revenue and profit hit all-time highs in 2023, as the miner ramped up coal and power output while expanding into new energy and chemicals.Reven

    6 Newcastle thermal coal prices slide to 2-mth low on weak demand, ample supply 2024-01-19

    Newcastle thermal coal futures fell to their lowest in almost two months on January 18, as mild weather in top importing countries reduced demand for power generation and ample supply in major produce

    7 Newcastle thermal coal eases on oversupply concerns 2024-01-18

    Newcastle thermal coal futures fell 1% on January 17 to touch the lowest in two months amid expectations of rising supplies, especially from Indonesia, the world's largest exporter of the power-genera

    8 Weekly China coal market news summary (Jan 15-Jan 19) 2024-01-19

    QHD port coal stocks trend lower amid higher outflowsCoal inventory was on a downward trajectory at China's major transshipment port of Qinhuangdao last week, as outflows, bolstered by utilities' rest

    9 China's coking coal prices in mild revision; coke prices likely stabilize 2024-01-18

    China's coking coal prices were range-bound on January 18, with moderate demand increase and potential supply contraction injecting support to the market that has experienced intermittent declines sin

    10 U.S. coal output estimated to down 2.9% in wk ending Jan 13 2024-01-19

    U.S. coal output over the week ending January 13 was estimated at 9.97 million short tons (9.04 million tonnes), down 2.9% week on week and 18.33% year on year, showed data from the Energy Information

    Follow Us

    coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal coal,coal price,coke,China coal,coking coal,thermal coal

    Privacy Policy | Terms of Use | Site Map | About Us | Contact Us | Join Us

    Shanxi Fensheng Information Services Co., Ltd.

    Phone：+86-351-7219322  （Business Hours 08:30-18:00 GMT+8）

    Fax：+86-351-4728543    

    中文字幕在线播放