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1898 On Other Exchanges
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china coal energy co-h (1898) Snapshot

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china coal energy co-h (1898) Details

China Coal Energy Company Limited engages in the production and sale of coal in the People’s Republic of China and the Asia pacific. 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, manufacturing, and sale of coal mining machinery and equipment; provision of after-sales services; and production and sale of electricity, as well as 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, as well as involved in other manufacturing business. 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.

Founded in 2006

china coal energy co-h (1898) Top Compensated Officers

President
Total Annual Compensation: CNY1.2M
Chairman and Chairman of Strategic Planning C...
Total Annual Compensation: --
Chief Financial Officer and General Manager o...
Total Annual Compensation: --
Joint Company Secretary
Total Annual Compensation: --
Vice President
Total Annual Compensation: --
Compensation as of Fiscal Year 2013.

china coal energy co-h (1898) Key Developments

China Coal Energy Announces Operating and Sales Results for the Month and Year to Date Ended July 2015

China Coal Energy announced operating and sales results for the month and year to date ended July 2015. For the month, the company's production volume of coal operations was 9,050,000 tonnes against 10,450,000 tonnes a year ago. Sales volume of coal operations was 13,680,000 tonnes against 12,230,000 a year ago. For the year to date, the company's production volume of commercial coal was 55,320,000 tonnes against 69,810,000 tonnes a year ago. Sales volume of commercial coal was 77,800,000 tonnes against 87,350,000 a year ago.

China Coal Energy Company Limited Announces Unaudited Consolidated Earnings Results for the Six Months Ended June 30, 2015

China Coal Energy Company Limited announced unaudited consolidated earnings results for the six months ended June 30, 2015. For the six months, the company reported revenue of RMB 29,746,556,000 against RMB 35,434,584,000 a year ago. Profit from operations was RMB 597,020,000 against RMB 2,290,546,000 a year ago. Loss before income tax was RMB 1,170,180,000 against profit before income tax of RMB 1,488,328,000 a year ago. Loss attributable to equity holders of the company was RMB 1,072,102,000 or RMB 0.08 basic and diluted per share against profit attributable to equity holders of the company of RMB 780,224,000 or RMB 0.06 basic and diluted per share a year ago. EBITDA was RMB 40.78 million against RMB 50.88 million a year ago. Capital expenditure of property, plant and equipment authorized by the board of directors which has not been contracted for as of 30 June 2015 amounts to RMB 4,828,000. Net cash generated from operating activities decreased by RMB 172 million from RMB 534 million for the six months ended 30 June 2014 to RMB 362 million, which was mainly attributable to the impact of market condition in the coal industry. Weighted average return on net assets negative of 1.12%.

China Coal Energy Company Limited Proposes Amendments to its Articles of Association

China Coal Energy Company Limited Board proposed to make certain amendments to the Articles of Association to reflect: (i) the expansion of the Company's scope of business operation in order to implement the centralized sales of coal chemical products, upgrade management efficiency and quality, and realize the maximum efficiency in operation; and (ii) the adjustment of the Company's business scope due to that coal wholesale operations will fall within the general operation of the Company instead of the licensed operation pursuant to the provisions of relevant laws and regulations.

 

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