China Shenhua Energy Co., Ltd, a listed arm of China Energy Investment Corp., witnessed a 5.1% year-on-year growth in earnings in the first three quarters, said the firm in its quarterly report late October 28.
The company raked in 37.1 billion yuan ($5.25 billion) of net profit attributable to share holders in the first nine months, according to the report.
Its total profit was 55.1 billion yuan during the same period, down by 1.6% year on year, while operating revenue came in at 177.8 billion yuan, falling 8.4% from the previous year.
As of September 30, China Shenhua's asset liability ratio was 26.1%, falling 5 percentage points from the year prior.
It has accomplished 73.8% of its annual commercial coal production goal in the first nine months, with output at 214 million tonnes.
China Shenhua may face risks of missing annual coal production target in 2019 affected by uncertain factors.
Source:sxcoal
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