China Coal Producers Book Bumper Profits on Elevated Prices
29 Mar 2023
A number of Chinese coal
producers have posted bumper profits for 2022, as tight supplies of the dirty
fuel and increased demand drove up coal prices and sales.
Three of China’s major
coal producers — Yankuang Energy Group Co. Ltd. (600188.SH),
China Coal Energy Co. Ltd. (601898.SH)
and Shaanxi Coal Industry Co. Ltd. (601225.SH)
— all reported record profits for 2022, according to the companies’ annual
reports filed to the Shanghai Stock Exchange earlier this month.