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  • In the first half of the year, the coal chemical business realized a profit of 1.492 billion yuan, a year-on-year increase of 31.8%.

In the first half of the year, the coal chemical business realized a profit of 1.492 billion yuan, a year-on-year increase of 31.8%.

China Coal Energy: In the first half of the year, the coal chemical business realized a profit of 1.492 billion yuan, a year-on-year increase of 31.8%.


     

On August 26, China Coal Energy (China Coal Energy Co., Ltd.) released its 2019 semi-annual report. In the first half of 2019, the company's coal chemical business after deducting inter-segment transactions accounted for 9.216 billion yuan, an increase of 631 million yuan, an increase of 7.4%; accounting for 15.1% of total operating income, down 2.0 percentage points year-on-year. The operating profit was 1.492 billion yuan, a year-on-year increase of 31.8%.

Looking into the future, the report predicts that due to factors such as the slowdown in macroeconomic growth and changes in market supply and demand, the prices of major products such as coal chemical industry have fluctuation risks, which have a great impact on the company's operating performance. As the safety management requirements for coal chemical production are higher than the general industry, the company faces safety production risks.



China National Coal Energy Co., Ltd. is a large-scale energy enterprise integrating coal production and trade, coal chemical industry, coal mine equipment manufacturing, pit power generation, finance and related services. In the first half of 2019, the company achieved operating income of 61.032 billion yuan, a year-on-year increase of 21.3%; net profit of 3.788 billion yuan, an increase of 39.8%. The basic earnings per share was 0.29 yuan.


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