Caixin
Mar 25, 2022 07:56 PM
BUSINESS

China Coal Energy Has Record-Breaking Year on Shortage-Fueled Price Surge

What’s new: China Coal Energy Co. Ltd. (601898.SH) reported its biggest profit ever in 2021 in a sign that last year’s domestic coal shortages had an upside for at least one part of the market — the producers.

Net profit attributable to shareholders more than doubled to 13.3 billion yuan ($2.1 billion) as annual revenue jumped 64% to 231 billion yuan — another record high, the state-owned company said in its annual report (link in Chinese) published late Thursday.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST