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china coal energy co-a (601898) Details

China Coal Energy Company Limited engages in the production and sale of coal in the People’s Republic of China and interantionally. The company operates through Coal, Coal-Chemical Products, and Mining Machinery segments. The company primarily offers thermal and coking coal. It is also involved in the production and sale of coke, methanol, urea, and other coal chemical products; design, research and development, manufacture, and sale of coal mining machinery and equipment; provision of after-sales services; and production and sale of electricity, as well as primary aluminum. In addition, the company provides coal chemical engineering, investment management, and tendering services; imports and exports coal products; and grants loans and takes deposits. The company was founded in 2006 and is based in Beijing, the People’s Republic of China. China Coal Energy Company Limited is a subsidiary of China National Coal Group Corporation.

52,648 Employees
Last Reported Date: 03/22/16
Founded in 2006

china coal energy co-a (601898) Top Compensated Officers

President, Executive Director, Chairman of Sa...
Total Annual Compensation: CNY755.0K
Chairman of the Board, Chairman of Strategic ...
Total Annual Compensation: --
Compensation as of Fiscal Year 2015.

china coal energy co-a (601898) Key Developments

China Coal Energy Company Limited Reports Production and Sales Results for the Month and Year-To-Date Ended June 2016

China Coal Energy Company Limited reported production and sales results for the month and year-to-date ended June 2016. For the month, the company reported production volume of commercial coal of 659,000 tonnes against 960,000 tonnes a year ago. Olefin Polyethylene production was 30,000 against 31,000 a year ago. Olefin Polypropylene production was 29,000 tonnes against 28,000 tonnes a year ago. Urea production was 164,000 tonnes against 168,000 tonnes a year ago. Methanol production was 74,000 tonnes against 62,000 tonnes a year ago. Coke production was 41,000 tonnes against 39,000 tonnes a year ago. For year-to-date, the company reported production volume of commercial coal of 4,038,000 tonnes against 4,627,000 tonnes a year ago. Olefin Polyethylene production was 182,000 against 178,000 a year ago. Olefin Polypropylene production was 172,000 tonnes against 168,000 tonnes a year ago. Urea production was 748,000 tonnes against 622,000 tonnes a year ago. Methanol production was 377,000 tonnes against 356,000 tonnes a year ago. Coke production was 179,000 tonnes against 225,000 tonnes a year ago. For the month, the company reported sales volume of commercial coal of 1,330,000 tonnes against 1,171,000 tonnes a year ago. Olefin Polyethylene sales was 34,000 against 29,000 a year ago. Olefin Polypropylene sales was 28,000 tonnes against 28,000 tonnes a year ago. Urea sales was 130,000 tonnes against 17,000 tonnes a year ago. Methanol sales was 31,000 tonnes against 68,000 tonnes a year ago. For the year-to-date, the company reported sales volume of commercial coal of 6,526,000 tonnes against 6,412,000 tonnes a year ago. Olefin Polyethylene sales was 182,000 against 173,000 a year ago. Olefin Polypropylene sales was 179,000 tonnes against 159,000 tonnes a year ago. Urea sales was 1,154,000 tonnes against 850,000 tonnes a year ago. Methanol sales was 276,000 tonnes against 390,000 tonnes a year ago.

China Coal Energy Company Limited Provides Earnings Guidance for the Six Months Ended June 30, 2016

China Coal Energy Company Limited's board informed the shareholders and potential investors that based on preliminary estimates of the unaudited consolidated management accounts of the Group in accordance with Chinese Accounting Standards for Business Enterprises, the net profit attributable to shareholders of the listed company for the six months ended 30 June 2016 of the Group is expected to range from RMB 350 million to RMB 520 million, whereas the net loss attributable to shareholders of the listed company for the same period of 2015 was RMB 965.205 million. The Board considers that the expected turnaround to net profit for the six months ended 30 June 2016 from net loss for the same period of 2015 is due to the Company's scientific arrangements of coal production, optimization of product structure, strict control over costs and expenses, proactive disposal of certain assets not closely related to the principal business thereof with low profitability, as well as the steady recovery of coal price under the impacts of national policies including de-capacity and supply-side reform during the reporting period.

China Coal Energy Company Limited Approves an Amendments to the Articles of Association

China Coal Energy Company Limited announced that at its AGM held on June 21, 2016, approved an amendments to the company's articles of association regarding expansion of the Company's business scope and amendments to the Company's articles of association and the appendix Company's rules of procedures governing the board meetings regarding adjustment of audit committee to audit and risk control committee.

 

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