亚洲精品无播放在线播放,精品国精品自拍自在线,免费国产污网站在线观看不要卡,97色欧美视频在线观看,久久精品本无码一本,国产精品高清视亚洲一区二区,全部无码特级毛片免费播放

Home / Business / Energy Tools: Save | Print | E-mail | Most Read | Comment
Yanzhou doubles profit on rising coal demand
Adjust font size:

Yanzhou Coal Mining Co, a unit of China's fourth-biggest producer of the fuel, said yesterday first-half profit more than doubled because of rising energy demand and record prices.

Net income increased to 3.91 billion yuan (US$572 million), or 0.80 yuan a share, from 1.5 billion yuan, or 0.31 yuan a share, a year earlier, the company said in a Hong Kong stock exchange filing. Sales rose to 12 billion yuan from 6.7 billion yuan, Bloomberg News reported.

China's economy expanded 10.4 percent between January and June, boosting demand for coal, used to run almost 80 percent of the country's power plants. Benchmark coal prices at China's Qinhuangdao port reached a record 1,080 yuan a metric ton on July 23, according to data posted on the Website of China Coal Transport and Distribution Association.

"As China still sees high economic growth, the demand for coal for electricity, metallurgy, chemical, building materials and other fundamental industries will remain strong," in the second half, Yanzhou Coal said in the statement.

The shares fell 0.2 percent to HK$11.68 (US$1.49) in Hong Kong last Thursday.

The market was closed Friday for a typhoon. The stock has fallen 24 percent this year, compared with the 27-percent drop in the benchmark Hang Seng Index.

The company's raw coal production fell 0.4 percent to 18.01 million tons between January and June, it said. Sales of the fuel rose by 9.1 percent to 18.51 million tons, it said.

Coal prices will remain "at a high level" this year, especially for high-quality thermal coal for power plants, the company said on Wednesday. Yangzhou Coal plans to increase capital spending by 26 percent this year to 3.7 billion yuan to raise production capacity, it said.

China has asked coal producers to boost deliveries to power stations to help ease a sixth year of electricity shortages. The world's biggest coal producer and consumer said it would take additional steps to boost domestic production of the fuel to help ease the nation's electricity crisis.

(Shanghai Daily August 25, 2008)

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- China coal producer: Earnings soar in 1H
- Gov't to raise on-grid price of coal-fired power plants
- China to raise price of coal-fired electricity
- Power plants, coal suppliers urged to cooperate amid shortage
Most Viewed >>
- China imports less LPG in first half year
- China's ICBC world's most profitable bank
- Tax revenue growth slows in July
- Economists doubt JPMorgan's stimulus estimate
- China's cell phone sales predicted to grow 17.6 pct for whole
- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
  • <th id="fomfv"></th><noscript id="fomfv"></noscript>

    <fieldset id="fomfv"><font id="fomfv"></font></fieldset><sup id="fomfv"><menuitem id="fomfv"></menuitem></sup>

    1. <dfn id="fomfv"></dfn>
        1. 亚洲精品无播放在线播放,精品国精品自拍自在线,免费国产污网站在线观看不要卡,97色欧美视频在线观看,久久精品本无码一本,国产精品高清视亚洲一区二区,全部无码特级毛片免费播放 毛片无码免费无码播放 国产精品美女乱子伦高潮 久久男人av资源网站无码 亚洲精品中文字幕AV一本 国产成年无码V片在线 特级毛片直接看不用下载 亚洲深夜无码视频