China Shenhua sees first-half net profit slide
Print Edition
China Shenhua Energy Co, the country鈥檚 largest coal mining group, said yesterday that its net profit for the first six months dropped 45.6 percent year on year to 11.73 billion yuan (US$1.9 billion) .
Business income for the period fell 32.1 percent to 87.78 billion yuan, it said.
The slump was due to weak demand, which affected both sales 鈥 down 24.2 percent in the period 鈥 and prices, it said, adding that government policies to encourage the use of non-fossil fuels also damaged its sales figures.
Coal accounts for 66 percent of China鈥檚 primary energy consumption, 35 percentage points higher than the world average.
The country鈥檚 coal output last year fell for the first time this century as a result of slowing economic growth, efforts to cut air pollution and increased investment in renewable energy.
Coal production in the first four months fell 6.1 percent to 1.15 billion tons, accelerating from a 3.5 percent dip in the first three months.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
