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Yancoal Australia’s market capitalization exceeds HK $50 billion.

Release date:2022/09/10 Source:

On 9 September 2022, Yancoal Australia HKEX closed at HKD 39.55 per share with an increase of 13.32% on that day, and ASX at AUD6.91 per share with an increase of 5.34% on that day, both of which were at record levels. Based on the HKEX closing price, the market capitalization of the Company exceeded the HKD50 billion for the first time.

In the first half of 2022, Yancoal Australia achieved the sales revenue of RMB22.2 billion and total profit of RMB11.3 billion with respectivelyan increase of 169% and 1481%compared with the corresponding period of the previous year, and distributed interim dividend of RMB3.3 billion, with all three indicators hitting a record high.

Under the leadership of Shandong Energy Group and Yankuang Energy (600188.SH, 01171.HK), Yancoal Australia will adhere to the corporate governance philosophy of “transparency, compliance and efficiency”, persevere in the forward-looking strategic orientation and international vision, continue to build the company into the platform for the overseas investment management and control, corporate governance demonstration, business model innovation, international talent training, intelligent mine demonstration of Shandong Energy Groupand Yankuang Energy, and strive to build it into the best operationmodel among Australian coal enterprises.