Shanxi Coking Coal Energy Group Co., Ltd Class ASZSE: 000983

Shanxi Coking Coal Energy Group Co: Net profit fell 54% on lower coal prices, but assets and reserves increased

· Issued by Shanxi Coking Coal Energy Group Co., Ltd Class A

Revenue fell 18.4% and net profit dropped 54.1% year-over-year due to weaker coal prices and demand, but total assets grew 17.5% and the company maintained a strong cash dividend. The company acquired new coal reserves and is focusing on cost control and green transformation.

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