日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Industries

Coal companies see higher profits in Q1

chinadaily.com.cn | Updated: 2017-04-27 13:53
Coal companies see higher profits in Q1

Labourers shovel coal at a coal storage site in Hefei, Anhui province July 21, 2011.[Photo/Agencies]

China's listed coal companies made more money in the first quarter aided by rising coal prices, Securities Daily reported Thursday.

As of April 26, among the eight coal companies that released their first-quarter financial report, seven said their net profits saw large increases, except Henan Shenhuo Coal & Power Co Ltd.

Pingdingshan Tianan Coal Mining Co Ltd reported a 102.96 percent increase in its first-quarter operating revenue, while net profits surged 7962.83 percent to 317 million yuan.

Among the 11 coal companies that released their Q1 profit forecast, seven said they expected higher earnings, three forecasted that they could reverse previous losses, and one hoped to reduce loss.

Jizhong Energy Resources Co Ltd estimated its net profits at 155-310 million yuan in the first quarter, up 3587.67-7275.33 percent year on year. Last year, the company posted a net profit of 270 million yuan, an increase of 1422.70 percent from the previous year.

Anhui Hengyuan Coal Industry and Electricity Power Co Ltd also expected to make a net profit of 287 million yuan in the first quarter, jumping about 5878.06 percent from a year earlier.

All coal companies attributed the earnings hike to sharply rising coal prices and robust demand.

Coal prices in China have surged since last year, as a result of the government's effort to curb industrial overcapacity. Premier Li Keqiang said in the Government Work Report that China will reduce coal production by at least 150 million tons this year.

At the end of 2016, the price index of Bohai Bay thermal coal was 593 yuan per ton, up by 222 yuan per ton compared with the beginning of the year. During the week ending April 18, 2017, the price was 599 yuan per ton.

However, coal prices are expected to see a decline in the second quarter, Deng Shun, a coal researcher at GF Futures told the newspaper. Normally, April and May sees weak demand. Furthermore, enterprises have produced too much coal due to high profits, Deng added.

The National Development and Reform Commission said Wednesday that the government will encourage coal companies to merge and restructure to increase efficiency in the industry and take measures to return thermal coal prices to a reasonable range.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 欧美高清一级片 | 欧美18videos极品 | av小说在线 | 国产一级大片在线观看 | 精品欧美一区二区在线观看 | 欧美日韩精选 | 操日日| 久久影院一区二区三区 | 国产成人精品福利色多多 | 亚洲97| 久草在线观看首页 | 日韩在线免费视频 | www.国产一区 | 99久久精品久久久久久清纯 | 特黄做愛又硬又大A片视频 小视频在线看 | 国产91成人精品亚洲精品 | 性夜影院爽黄A爽免费动漫 日韩精品在线一区二区 | 五月婷婷综合激情网 | 毛片免费观看 | 欧美八区| 日韩精品久久一区二区三区 | 亚洲精品www | 成年人在线免费 | 国产精品久久久久久无遮挡 | 亚洲狠狠婷婷综合久久久久图片 | 波多野结在线 | 欧美99 | 国产欧美精品在线 | 欧美福利视频在线观看 | av在线在线 | 免费看的久久久久 | 亚洲成a人v大片在线观看 | 97超级碰碰碰碰在线视频 | 在线中文视频 | 国产精品一区视频 | 日韩精品久久久久久 | 免费观看成人毛片A片2008 | 国产精品久久国产精品 | 九九热中文字幕 | 亚洲国产视频在线观看 | 色姑娘综合网 |