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Yankuang Energy holds 2022 interim resultspresentation

Release date:2022/08/29 Source:

On August 27th, Yankuang Energy (600188.SH; 01171.HK) held the 2022 interim results presentation. Mr. Li Wei, Chairman of Yankuang Energy, members of the Board of Directors of Yankuang Energy and heads of relevant departments attended the meeting where the results of Yankuang Energy in the first half of 2022 was presented to the global market online in the form of a telephone conference, and in-depth exchanges with investors and analysts at home and abroad were conducted.

Mr. Li Weibriefed investors on Yankuang Energy's operating results for the first half of 2022. In the first half of 2022, Yankuang Energy achieved operating revenue of RMB100.3 billion and net profit of RMB18 billion attributable to shareholders of the listed companywith respectively an increase of 53.4% and 198.5% compared with the corresponding period of the previous year. Mr.Li Wei said Yankuang Energy has benefited from its business layout of two resources and markets at home and abroad, and has fully enjoyed the dividend of rising coal prices in the Asia-Pacific region under the background of increasing domestic coal storage, ensuring coal supply as well as regulating and controlling coal prices. In the first half of the year, Yancoal Australia sold coal at the average price of RMB1,394 /ton, an increase of 196.3% compared with the corresponding period of the previous year.

Mr. Li Wei introduced that in the first half of 2022, with focus on the development strategy of “five major industries”, Yankuang Energycomprehensively implemented industrial transformation and upgrading, deepened lean management innovation and steadily carried out industrial extension, regional businesslayout and asset integration, making remarkable achievements in five aspects including operation quality, intelligent marketing, lean management and control, key projects construction and shareholder returns and making new breakthroughs in the scale, profitability and industry influence of the Company.