Yankuang Energy Group Company Limited Class H ( (YZCHF) ) has released its Q4 earnings. Here is a breakdown of the information Yankuang Energy Group Company Limited Class H presented to its investors.
Yankuang Energy Group Company Limited is a joint stock limited company based in the People’s Republic of China, primarily engaged in the coal mining and chemical production industries, with operations spanning across China and Australia. The company is listed on both the Hong Kong Stock Exchange and the Shanghai Stock Exchange.
In its 2024 annual report, Yankuang Energy Group reported a net profit attributable to the parent company of RMB 14.425 billion under Chinese Accounting Standards and RMB 14.056 billion under International Financial Reporting Standards. The company declared a total cash dividend of RMB 0.77 per share for the year.
Key financial metrics for the year included sales income of RMB 124.5 billion, a decrease from the previous year, and a gross profit of RMB 41.83 billion. The company produced 142 million tons of salable coal, marking a year-on-year increase, and achieved a return on net assets of 24%. Yankuang Energy also highlighted its strategic focus on expanding its mining and chemical operations, with significant developments in its bases in Shaanxi, Inner Mongolia, and Australia.
Looking ahead, Yankuang Energy Group plans to produce between 155 million to 160 million tons of salable coal in 2025, along with 8.6 million to 9 million tons of chemical products. The company aims to reduce its cost of sales per ton of coal by 3% and lower its debt-to-asset ratio to below 60%, as it continues to navigate a complex global economic environment.