https://www.scmp.com/rss/178430/feed Yanzhou Coal Mining Company is a Chinese company that mainly produces low-sulphur coal. It is the only Chinese coal miner to have a listing in Hong Kong, Shanghai and New York. Its subsidiaries include Austar Coal Mine, Heze, and Yancoal Australia. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Yankuang Energy Group, the listed unit of one of China’s largest coal miners, has unveiled a plan to diversify its business and develop wind and solar power projects. The company, whose parent firm is state-owned coal miner Shandong Energy Group, will promote “the development and construction of new energy industrial projects such as wind power and photovoltaic power, and ancillary power storage projects”, according to a late night filing to the Hong Kong stock exchange on Wednesday. Yankuang... https://www.scmp.com/business/china-business/article/3159927/hong-kong-listed-unit-chinas-third-largest-coal-miner?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3159927/hong-kong-listed-unit-chinas-third-largest-coal-miner?utm_source=rss_feed Thu, 16 Dec 2021 08:00:36 +0000 China’s coal futures and mining stocks tumbled after the top economic planning agency said it would rein in runaway fuel prices and ensure stable supply by coal-fired power plants ahead of the forthcoming winter months. Twelve-month thermal coal futures for January 2022 delivery, the most actively transacted contracts for the fuel, slumped by their 8 per cent daily limit on the Zhengzhou Commodity Exchange to 1,755.4 yuan each. The shares of at least seven coal miners, including the state-owned... https://www.scmp.com/business/markets/article/3153025/bull-run-chinas-coal-stumbles-after-economic-planners-pledge-cool?utm_source=rss_feed https://www.scmp.com/business/markets/article/3153025/bull-run-chinas-coal-stumbles-after-economic-planners-pledge-cool?utm_source=rss_feed Wed, 20 Oct 2021 09:30:26 +0000 Yancoal Australia, the nation’s third largest coal producer, said it had not been affected by import restrictions at mainland ports, despite media reports of customs delays as retaliation against Canberra’s ban on using 5G mobile network equipment from China’s Huawei Technologies. Yancoal, whose shares closed 32.4 per cent higher at HK$23.20 on Tuesday on results that beat ­analysts’ expectations, would also continue to grow production, ­according to chief executive ­Reinhold Schmidt. The... https://www.scmp.com/business/article/2187771/australias-yancoal-says-it-has-not-seen-any-impact-handling-its-coal?utm_source=rss_feed https://www.scmp.com/business/article/2187771/australias-yancoal-says-it-has-not-seen-any-impact-handling-its-coal?utm_source=rss_feed Tue, 26 Feb 2019 10:30:54 +0000 Yanzhou Coal Mining, the listed unit of China’s fourth largest miner of the fossil fuel, is confident it can turn around its loss-making Australian business this year on the back of higher coal prices and cost cutting. Yancoal Australia, which is 78 per cent owned by Shandong-based Yanzhou, is on course for a “remarkable turnaround” by the end of this year, Yanzhou general manager Wu Xiangqian told reporters on Monday. “We believe in the not too distant future it will reach break-even,” he said... https://www.scmp.com/business/companies/article/2084417/yanzhou-coal-aims-first-profit-four-years-its-australia-unit?utm_source=rss_feed https://www.scmp.com/business/companies/article/2084417/yanzhou-coal-aims-first-profit-four-years-its-australia-unit?utm_source=rss_feed Mon, 03 Apr 2017 11:37:24 +0000 Yanzhou Coal Mining has slashed its spending on future production capacity expansion by half amid weak coal market conditions, and floated a plan for its Canadian unit to fund its C$3.5 billion (HK$26.2 billion) potash mining project development via a Canadian stock market listing. Wu Yuxiang, chief financial officer of the listed unit of the nation's fourth-largest coal producer Yankuang Group, expects the company's full-year capital expenditure to be 6.1 billion yuan (HK$7.6 billion), down... https://www.scmp.com/business/commodities/article/1298238/yanzhou-halves-spending-amid-coal-downturn?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1298238/yanzhou-halves-spending-amid-coal-downturn?utm_source=rss_feed Tue, 20 Aug 2013 16:00:00 +0000 Shares of coal miners fell yesterday after China ordered the suspension of production at coal mines in the southwestern province of Sichuan following a mine explosion that killed at least 28 workers. Investors also dumped the sector's shares after the price of coal fell and as rising labour costs squeeze profit margins. The suspension renewed investor concern over the safety of Chinese coal mines. Coal is burned to meet nearly 80 per cent of the nation's electricity needs. Some analysts were... https://www.scmp.com/business/money/markets-investing/article/1237171/miners-shares-hit-after-blast-kills-28?utm_source=rss_feed https://www.scmp.com/business/money/markets-investing/article/1237171/miners-shares-hit-after-blast-kills-28?utm_source=rss_feed Mon, 13 May 2013 16:00:00 +0000 Mining majors China Shenhua Energy and Yanzhou Coal Mining are looking at flat or declining sales volumes this year, as falling coal prices see them cut procurement from third parties to make room for sales from their own mines. China Shenhua said it aimed to sell 464.6 million tonnes of coal this year, the same as last year. Marketable coal output was planned to grow 3.6 per cent to 315 million tonnes. Its procurement of third-party coal will fall 6.8 per cent to 149.6 million tonnes. Yanzhou... https://www.scmp.com/business/commodities/article/1199781/china-coal-mine-firms-see-sales-2012-flat-or-falling?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1199781/china-coal-mine-firms-see-sales-2012-flat-or-falling?utm_source=rss_feed Mon, 25 Mar 2013 16:00:00 +0000 China may reduce the government’s role in the thermal coal market by canceling state-directed term contracts signed annually between producers and buyers, Shanghai Securities News said today. The National Development and Reform Commission, China’s top economic planner, may also let companies negotiate directly with rail authorities for transport needs, the newspaper reported, citing unidentified people. The plan to scrap the annual deals has been submitted to the State Council, or Cabinet, for... https://www.scmp.com/business/commodities/article/1091034/china-may-scrap-government-set-coal-contracts-paper-says?utm_source=rss_feed https://www.scmp.com/business/commodities/article/1091034/china-may-scrap-government-set-coal-contracts-paper-says?utm_source=rss_feed Mon, 26 Nov 2012 03:27:48 +0000 Commodities group Noble is looking to leverage its links with Yanzhou Coal Mining on more projects, after Yancoal Australia and Gloucester Coal completed a merger at the end of last month. Will Randall, Noble executive director and head of hard commodities, said Noble would back the global export expansion plans of Yanzhou, the major shareholder of Yancoal. Randall noted that Yancoal was increasing its port facilities in Australia. This included the development of a third coal export terminal in... https://www.scmp.com/business/article/1013867/noble-seeks-closer-ties-yanzhou?utm_source=rss_feed https://www.scmp.com/business/article/1013867/noble-seeks-closer-ties-yanzhou?utm_source=rss_feed Mon, 13 Aug 2012 16:00:00 +0000 YGM buys struggling Aquascutum for HK$188m YGM Trading will buy out British trenchcoat maker Aquascutum for ?15 million (HK$188 million). The century-old brand, which dressed Winston Churchill and Queen Elizabeth, last month shut its Northamptonshire factory and laid off more than 100 staff. YGM shares resume trading today. Charlotte So Galaxy more than triples profit in first quarter Macau casino giant Galaxy Entertainment reported its first-quarter profit more than tripled. Adjusted earnings... https://www.scmp.com/article/1000701/business-digest?utm_source=rss_feed https://www.scmp.com/article/1000701/business-digest?utm_source=rss_feed Thu, 10 May 2012 16:00:00 +0000 China Coal Energy, the listed unit of the mainland's second-largest coal producer China National Coal, has announced its third suspension in two years as a result of deadly flooding, staining its already blemished safety record. As a result of flooding on Tuesday, four out of seven trapped workers in its subsidiary Shanghai Datun Energy Resources' Kongzhuang mine, in Jiangsu province, were found dead, China Coal said. The other three workers were rescued. Trading of its shares was suspended... https://www.scmp.com/article/997992/china-coal-mine-closed-flooding-kills-four?utm_source=rss_feed https://www.scmp.com/article/997992/china-coal-mine-closed-flooding-kills-four?utm_source=rss_feed Wed, 11 Apr 2012 16:00:00 +0000 Hong Kong-listed shares of Yanzhou Coal Mining, China's fourth-largest coal miner, jumped yesterday, buoyed by its acquisition of Gloucester Coal, the mainland's second-biggest Australian takeover deal. The transaction, which helps Yanzhou secure more coal mines and gain port access in Australia, is the latest sign that Beijing intends to increase outbound investments in keeping with the country's rising economic might. Yanzhou will merge its Australian assets with Gloucester to create Yancoal... https://www.scmp.com/article/988540/yanzhou-shares-rise-deal-australian-miner?utm_source=rss_feed https://www.scmp.com/article/988540/yanzhou-shares-rise-deal-australian-miner?utm_source=rss_feed Fri, 23 Dec 2011 16:00:00 +0000 Yanzhou Coal Mining, the listed unit of China's fourth-largest coal miner, Yankuang Group, is close to taking control of Australia's Gloucester Coal. The deal would see Yanzhou inject its existing Australian assets into listed Gloucester. The move would allow Yanzhou to meet its commitment to Australian securities regulators to float at least 30 per cent of its Australian assets on the nation's bourse by the end of next year, according to two people familiar with the matter, who asked not to be... https://www.scmp.com/article/988344/yanzhou-lines-australian-purchase?utm_source=rss_feed https://www.scmp.com/article/988344/yanzhou-lines-australian-purchase?utm_source=rss_feed Tue, 20 Dec 2011 16:00:00 +0000 Yanzhou Coal Mining, the listed unit of the nation's fourth-largest coal producer Yankuang Group, will continue to acquire more assets abroad to help it reach its target of tripling its sales in 2015 from last year. Chief financial officer Wu Yuxiang said the Shandong province-based company would prefer to undertake its acquisitions in Australia, a country whose political stability made it a preferred destination, compared with another major coal producer in the region, Indonesia. 'That said,... https://www.scmp.com/article/976944/yanzhou-aims-grow-acquisition?utm_source=rss_feed https://www.scmp.com/article/976944/yanzhou-aims-grow-acquisition?utm_source=rss_feed Mon, 22 Aug 2011 16:00:00 +0000 Yanzhou Coal Mining expects first-half net profit to soar more than 80 per cent from 2.72 billion yuan (HK$3.23 billion) in the first six months of last year. First-quarter net profit rose 17.9 per cent to 2.48 billion yuan on a 15.9 per cent rise in sales and an 18 per cent jump in average selling price. Production cost per tonne of sales grew 15.4 per cent. Yanzhou Coal is forecast to post a net profit of 9.96 billion yuan for the whole of this year, up 7.3 per cent from last year,... https://www.scmp.com/article/966195/yanzhou-coal-bullish-first-half-results?utm_source=rss_feed https://www.scmp.com/article/966195/yanzhou-coal-bullish-first-half-results?utm_source=rss_feed Tue, 26 Apr 2011 16:00:00 +0000 MassMutual Asia keen to issue more yuan insurance policies MassMutual Asia, the third insurer in Hong Kong to issue yuan insurance policies last year, wants to issue more yuan policies this year as policyholders seek to bet on a yuan appreciation. The company last year sold HK$200 million worth of yuan policies and has received requests from customers and agents to issue more this year, said Tay Keng Puang, managing director and chief executive of MassMutual Asia. Enoch Yiu Surveyors sound... https://www.scmp.com/article/737332/brief?utm_source=rss_feed https://www.scmp.com/article/737332/brief?utm_source=rss_feed Mon, 31 Jan 2011 16:00:00 +0000 Yanzhou Coal Mining, the listed unit of the nation's fourth-largest coal miner Yankuang Group, has signed contracts to sell 9 million tonnes of power-station coal to its home market Shandong province this year, 10.1 per cent less than last year. The average price is 571.30 yuan (HK$675) per tonne, down 1.2 per cent from last year, due to a slight change in product mix. The central government early last month ordered miners not to raise contract prices for this year. https://www.scmp.com/article/736124/yanzhou-coal-signs-lower-supply-deal?utm_source=rss_feed https://www.scmp.com/article/736124/yanzhou-coal-signs-lower-supply-deal?utm_source=rss_feed Tue, 18 Jan 2011 16:00:00 +0000 Yanzhou Coal Mining, the listed unit of the nation's fourth-largest coal producer, yesterday forecast a more than 190 per cent jump in net profit for the full year after posting a four-fold increase in earnings for the third quarter. The company attributed the spectacular jump in quarterly profit to an 83.4 per cent rise in the average selling price of coal, which reached 795 yuan (HK$900) per tonne, as well as a 2.36 per cent increase in sales volume to 8.66 million tonnes. Analysts say ... https://www.scmp.com/article/657598/yanzhou-coal-expects-190pc-profit-increase?utm_source=rss_feed https://www.scmp.com/article/657598/yanzhou-coal-expects-190pc-profit-increase?utm_source=rss_feed Fri, 24 Oct 2008 16:00:00 +0000 Beijing has put on hold for at least three months a long-expected tax reform for coal mining firms that will result in a higher levy, amid worries of rising inflation, state media reported. The State Council, the central government's cabinet, had not approved a proposal submitted recently by mainland finance and taxation authorities, the Shanghai Securities News said yesterday without citing any source of the information. 'This does not mean the tax increase and reform will not be put into... https://www.scmp.com/article/644527/coal-miners-given-reprieve-tax-reform-proposal-put-hold?utm_source=rss_feed https://www.scmp.com/article/644527/coal-miners-given-reprieve-tax-reform-proposal-put-hold?utm_source=rss_feed Tue, 08 Jul 2008 16:00:00 +0000 Shares of mainland coal producers fell yesterday after Shandong province ordered producers to raise their coal output and cut their prices. The move raised fears that the mainland was reinstituting command economy-style volume and price controls just three years after the central government fully liberalised the coal market in 2005. Petroleum and electricity prices have always been under state control to help manage inflation, and prices have been kept at below international market rates in... https://www.scmp.com/article/640341/coal-firms-tumble-output-order-price-cuts?utm_source=rss_feed https://www.scmp.com/article/640341/coal-firms-tumble-output-order-price-cuts?utm_source=rss_feed Wed, 04 Jun 2008 16:00:00 +0000 Huadian Power International Corp, a Shandong-based power producer, saw quarterly profit almost wiped out by high costs, while surging coal prices more than doubled earnings at Yanzhou Coal Mining. Huadian, which buys more than half of its coal consumption in Shandong from Yanzhou Coal, recorded a net profit of 21.78 million yuan (HK$24.25 million) in the three months to March, down from 274.65 million yuan in the same period a year earlier. 'This is no surprise given Huaneng Power... https://www.scmp.com/article/635670/power-producers-see-profits-decline-coal-miners-cash?utm_source=rss_feed https://www.scmp.com/article/635670/power-producers-see-profits-decline-coal-miners-cash?utm_source=rss_feed Mon, 28 Apr 2008 16:00:00 +0000 Shanxi Coal Transportation and Sale, the mainland's biggest coal distributor, might delay its US$1 billion Hong Kong initial public offering in order to list first in the domestic market as early as next year, sources said. Last year, the coal company hired Bear Stearns for its Hong Kong offering, which was scheduled for this year. Now, it might terminate the contract with the troubled investment bank and could hire Citic Securities for its A-share offering, a person working on the deal... https://www.scmp.com/article/610009/shanxi-coal-expected-sell-shares-seeking-listing-hk?utm_source=rss_feed https://www.scmp.com/article/610009/shanxi-coal-expected-sell-shares-seeking-listing-hk?utm_source=rss_feed Mon, 01 Oct 2007 16:00:00 +0000 Yanzhou Coal Mining is the listed unit of the mainland's fourth-largest coal producer. Its principal activities are underground coal mining, coal preparation and sales, and railway transport service of coal. The group operates in the mainland and Australia. It was reported in April that the company would aim to raise sales volume by 8.2 per cent this year to 37.5 million tonnes, of which 3 million tonnes would be exported. https://www.scmp.com/article/596271/company-profile-yanzhou-coal-mining?utm_source=rss_feed https://www.scmp.com/article/596271/company-profile-yanzhou-coal-mining?utm_source=rss_feed Sun, 10 Jun 2007 16:00:00 +0000 China Shenhua Energy, the listed flagship of the mainland's largest coal-mining firm, is in talks to buy mines in Indonesia and Australia as part of the country's strategy to tap overseas energy resources to sustain high economic growth. Chairman Chen Biting said yesterday the possible purchase was part of Shenhua Energy's plan to become a global player. 'Our negotiations involve both large and small mines,' he said, adding timing of any deal would depend on the sincerity of all parties... https://www.scmp.com/article/593051/shenhua-energy-looks-overseas-expansion?utm_source=rss_feed https://www.scmp.com/article/593051/shenhua-energy-looks-overseas-expansion?utm_source=rss_feed Tue, 15 May 2007 16:00:00 +0000 Yanzhou Coal Mining, the listed unit of the mainland's fourth-largest coal producer, reported a 20.2 per cent rise in first-quarter net profit on the back of higher sales and prices even as production remained flat. The Yankuang Group subsidiary's net profit amounted to 700.66 million yuan in the first three months, up from 582.64 million yuan a year ago. Turnover grew 20 per cent to 3.77 billion yuan as coal sales volume rose 16.1 per cent to 8.36 million tonnes, while the average coal... https://www.scmp.com/article/590789/yanzhou-coal-profit-despite-flat-production?utm_source=rss_feed https://www.scmp.com/article/590789/yanzhou-coal-profit-despite-flat-production?utm_source=rss_feed Fri, 27 Apr 2007 16:00:00 +0000 Yanzhou Coal Mining, a listed unit of the mainland's fourth-largest coal producer, expects profit to rebound this year after two consecutive years of decline, on the back of expected higher coal prices and sales volume. Executive director Wu Yuxiang yesterday said the company aimed to raise sales volume by 8.2 per cent to 37.5 million tonnes, including two million tonnes from its Australian mine, which started operations in October and one million tonnes from its Tianchi mine in Shanxi... https://www.scmp.com/article/590174/yanzhou-coal-expects-boost-higher-prices?utm_source=rss_feed https://www.scmp.com/article/590174/yanzhou-coal-expects-boost-higher-prices?utm_source=rss_feed Mon, 23 Apr 2007 16:00:00 +0000 Yanzhou Coal Mining, a unit of the mainland's fourth-largest coal producer, said profit fell 17.6 per cent last year to 2.37 billion yuan from 2.88 billion yuan in 2005 because of a decline in selling prices. Net sales rose 4.3 per cent to 12 billion yuan. Yanzhou Coal produced 36.05 million tonnes of raw coal last year, up 4 per cent, and sold 34.66 million tonnes of coal, an increase of 6.7 per cent over 2005. The average coal price dropped 2.4 per cent last year to 341.12 yuan a tonne. https://www.scmp.com/article/589790/yanzhou-coal-profit-drops-176-cent?utm_source=rss_feed https://www.scmp.com/article/589790/yanzhou-coal-profit-drops-176-cent?utm_source=rss_feed Fri, 20 Apr 2007 16:00:00 +0000 Yanzhou Coal Mining, a unit of China's fourth-largest coal producer, said its 23.9 per cent decline in first-half net profit was due to the combined effects of start-up costs at its new Australian mine and obstacles to coal production at home as a result of delays in the resettlement of villages located atop coal seams. The Shandong-based company released details of its performance yesterday after posting its raw figures in a stock exchange announcement on Friday. It said its New South Wales... https://www.scmp.com/article/561077/austar-costs-weigh-yanzhou-coal?utm_source=rss_feed https://www.scmp.com/article/561077/austar-costs-weigh-yanzhou-coal?utm_source=rss_feed Sun, 20 Aug 2006 16:00:00 +0000 The group's principal activities are underground coal mining, coal preparation and sales and railway transport service of coal. The group operates in China and Australia. https://www.scmp.com/article/554223/yanzhou-coal-mining?utm_source=rss_feed https://www.scmp.com/article/554223/yanzhou-coal-mining?utm_source=rss_feed Sun, 25 Jun 2006 16:00:00 +0000 Coal miner earmarks 4.8b yuan to spend on building and restoring facilities at home and abroad Yanzhou Coal Mining plans to almost quadruple its capital expenditure this year to build new production capacity domestically and abroad, as it shrugs off the output-cutting impact of problematic village resettlement at home. The Shandong province-based coal miner planned 4.81 billion of expenditure this year, up from 1.29 billion yuan last year, chief financial officer Wu Yuxiang said... https://www.scmp.com/article/546206/yanzhou-plans-expand-capacity?utm_source=rss_feed https://www.scmp.com/article/546206/yanzhou-plans-expand-capacity?utm_source=rss_feed Mon, 24 Apr 2006 16:00:00 +0000 Unbooked sale, rising costs and delayed mine opening blamed as prices stay high on strong demand H share Yanzhou Coal Mining, one of the mainland's largest and most profitable coal miners, saw its net profit continue to decline during the first three months of this year after an 8.7 per cent slide to 2.88 billion yuan last year. The company's net profit in the quarter slipped 26.5 per cent year on year to 582.5 million yuan based on China's accounting standards, with the blame on the... https://www.scmp.com/article/546066/coal-giants-profit-slips-further?utm_source=rss_feed https://www.scmp.com/article/546066/coal-giants-profit-slips-further?utm_source=rss_feed Sun, 23 Apr 2006 16:00:00 +0000 Falling volume sales and rising costs at Yanzhou Coal Mining in the first half have prompted JP Morgan to cut its earnings forecast for this year and next and downgrade the stock from 'over-weight' to 'neutral'. Earnings per share (EPS) were 38 fen, up by 44 per cent year on year due to strong coal prices, 57 per cent higher. Costs were up more than 20 per cent in spite of a 13 per cent fall in volume sales. Yanzhou Coal is unlikely to reach its full-year production target of 38 million tonnes... https://www.scmp.com/article/513894/what-broker-says?utm_source=rss_feed https://www.scmp.com/article/513894/what-broker-says?utm_source=rss_feed Sat, 27 Aug 2005 16:00:00 +0000 Costs soar as analysts attribute profit growth almost solely to coal price surge Yanzhou Coal Mining will miss its sales targets this year as the relocation of villagers near new mining sites has proved more problematic than expected, according to chief financial officer Wu Yuxiang. Mr Wu, speaking after the company's interim results announcement yesterday, said Yanzhou Coal had planned to relocate five villages to make way for mining projects this year, compared with one or two in... https://www.scmp.com/article/513257/relocations-and-raises-put-squeeze-yanzhou?utm_source=rss_feed https://www.scmp.com/article/513257/relocations-and-raises-put-squeeze-yanzhou?utm_source=rss_feed Mon, 22 Aug 2005 16:00:00 +0000 Yanzhou Coal Mining Company will seek acquisition opportunities in the second half, after reporting a 53.9 per cent year-on-year growth in net profit to 1.88 billion yuan for the first six months. Chairman Wang Xin revealed the company's intention to expand by acquisition in its interim results announcement yesterday. 'It is expected that the overall domestic and export coal prices will maintain stable,' Mr Wang said. 'The group's profitability will be enhanced through two operating... https://www.scmp.com/article/513118/yanzhou-coal-seeks-acquisitions?utm_source=rss_feed https://www.scmp.com/article/513118/yanzhou-coal-seeks-acquisitions?utm_source=rss_feed Sun, 21 Aug 2005 16:00:00 +0000 Yanzhou Coal Mining is expected to post first-half profit growth of more than 50 per cent, according to general manager Yang Deyu. Mr Yang said the company recorded a 29.78 per cent year on year rise in sales to 8.48 billion yuan, despite an 8 per cent fall in coal sales to 18.16 million tonnes due to transport problems, and a 4.53 per cent drop in production to 19.59 million tonnes. Exports also fell 27.2 per cent to 3.6 million tonnes but were offset by price rises, with two products up... https://www.scmp.com/article/509573/yanzhou-expects-surge-earnings?utm_source=rss_feed https://www.scmp.com/article/509573/yanzhou-expects-surge-earnings?utm_source=rss_feed Sun, 24 Jul 2005 16:00:00 +0000 Yanzhou Coal Mining has vowed to improve its compliance with Hong Kong listing rules after drawing criticism for making a down payment on an acquisition from its parent company before obtaining shareholder approval. The company paid Yankuang Group 570 million yuan in the fourth quarter of last year for a 95.67 per cent stake in Yankuang Heze Power Chemical without seeking shareholder approval. 'We will do a better job in future on compliance with rules for connected transactions rather than... https://www.scmp.com/article/506647/yanzhou-coal-vows-observe-rules-connected-deals?utm_source=rss_feed https://www.scmp.com/article/506647/yanzhou-coal-vows-observe-rules-connected-deals?utm_source=rss_feed Thu, 30 Jun 2005 16:00:00 +0000 Executive defends industry and rising prices as Yanzhou Coal's net soars 127pc Rising coal prices are not generating obscene profit levels for producers and complaints by power companies about soaring costs are unfair, according to a Yanzhou Coal Mining official. Wu Yuxiang, the chief financial officer of the mainland's largest listed coal producer, also said power companies had been supported by the central government's 'unreasonably favourable' industry policies. 'Coal prices have... https://www.scmp.com/article/498325/profits-not-obscene-levels-says-coal-miner?utm_source=rss_feed https://www.scmp.com/article/498325/profits-not-obscene-levels-says-coal-miner?utm_source=rss_feed Tue, 26 Apr 2005 16:00:00 +0000 Yanzhou Coal Mining, which has failed to collect a one-month loan of 640 million yuan from an obscure Shandong-based company, says the loss will be covered by the guarantor of the deal. Company secretary Chen Guangshui said the non-tradable shares of Huaxia Bank held by Lianda Group, which have been frozen by a mainland court, would cover the principal, interest and related finance costs of the loan. 'I don't think we will suffer a loss from the deal,' said Mr Chen yesterday. The Hong... https://www.scmp.com/article/486319/yanzhou-coals-640m-yuan-loan-loss-covered?utm_source=rss_feed https://www.scmp.com/article/486319/yanzhou-coals-640m-yuan-loan-loss-covered?utm_source=rss_feed Thu, 20 Jan 2005 16:00:00 +0000 Analysts are projecting better second-half profits at Yanzhou Coal Mining as higher export contract prices took effect in April. Further price rises are possible as the government is now allowing undelivered contracts to be renegotiated. The Hong Kong-listed firm, one of the mainland's largest coal producers, yesterday posted a 65.9 per cent year-on-year surge in interim net profit to 1.22 billion yuan, barely missing the mean estimate of 1.25 billion yuan of seven analysts polled by the... https://www.scmp.com/article/467361/yanzhou-coal-remain-buoyant?utm_source=rss_feed https://www.scmp.com/article/467361/yanzhou-coal-remain-buoyant?utm_source=rss_feed Fri, 20 Aug 2004 16:00:00 +0000 August 20 Interim: Beijing Yanhua, Chongqing Iron, E2-Capital , Jiangsu Express, PICC P&C, Shenzhen Hi-Tec, Truly Int'l, Yanzhou Coal, Zhenhai Refin 2nd Interim: China Motor Bus. August 23 Interim: CHALCO, Datang Power, Polytec Asset, Shenyang Public, Tian An, Zijin Mining. Final: E&E Int'l, Simsen Int'l, Temfat Hingfung. August 24 1st Qtrly: Digital China, Interim: BJ Capital Land, China Oilfield, China Res Logic, CR Peoples Phone, CSCL, Dawnrays Pharma, Leeport (Holdings), Singamas Cont,... https://www.scmp.com/article/467222/results-diary?utm_source=rss_feed https://www.scmp.com/article/467222/results-diary?utm_source=rss_feed Thu, 19 Aug 2004 16:00:00 +0000 The central government has allowed mainland coal producers to renegotiate their sales contracts signed with power companies this year, in an effort to avert a power crisis after many of them broke their agreements amid soaring prices. Yanzhou Coal Mining chief financial officer Wu Yuxiang told analysts yesterday that the Hong Kong-listed firm had been advised by the National Development and Reform Commission (NDRC) that it could renegotiate its sales contracts. The market had earlier... https://www.scmp.com/article/466153/coal-miners-cleared-revise-contracts?utm_source=rss_feed https://www.scmp.com/article/466153/coal-miners-cleared-revise-contracts?utm_source=rss_feed Tue, 10 Aug 2004 16:00:00 +0000 Guodian flotation a first for mainland power firms China Guodian (Group) Corp looks set to be the first of the mainland's national independent power producers (IPP) to go public after mandating investment banks to handle a planned flotation that aims to raise at least US$1 billion, according to sources. The company, set up last year by five national IPPs as a result of China's power reform, had hired Morgan Stanley and China International Capital Corp as global co-ordinators for the issue,... https://www.scmp.com/article/459011/brief?utm_source=rss_feed https://www.scmp.com/article/459011/brief?utm_source=rss_feed Thu, 10 Jun 2004 16:00:00 +0000 Analysts have upgraded their earnings forecast for Yanzhou Coal Mining after the mainland's most profitable miner recorded strong sales growth last year. The better than expected figures were a major factor behind the H-share's 9.79 per cent rise yesterday to HK$7.85, brokers said. At least two European brokerages and one regional brokerage yesterday raised their forecast on Yanzhou Coal's net profit growth for last year to about 12 per cent at 1.36 billion yuan, from 7 per cent ... https://www.scmp.com/article/443668/yanzhou-coal-gets-outlook-boost?utm_source=rss_feed https://www.scmp.com/article/443668/yanzhou-coal-gets-outlook-boost?utm_source=rss_feed Fri, 06 Feb 2004 16:00:00 +0000 About a year ago KGI Asia lowered its earnings forecast on H-share Yanzhou Coal for the full year by 3 per cent to 1.2 billion yuan (HK$1.12 billion) and maintained its 'neutral'' stance on the counter. Yanzhou, which deals mainly in the mining and screening of coal, sales of coal products and coal transport, had just announced its third-quarter results, which showed an increase in profit for the year so far of 46 per cent compared with the period of 2001 to 842.6 million yuan. KGI said the... https://www.scmp.com/article/432360/what-broker-said?utm_source=rss_feed https://www.scmp.com/article/432360/what-broker-said?utm_source=rss_feed Sat, 25 Oct 2003 16:00:00 +0000 KIM ENG has maintained its 'buy' recommendation on Yanzhou Coal, saying its results announced last week were in line with the broker's forecasts. Turnover rose 30.4 per cent to 6.35 billion yuan (about HK$5.95 billion) while net profit increased 25.86 per cent to 1.22 billion yuan. Yanzhou Coal has contracts for sales of 39.26 million tonnes this year, with 14 million planned for export. The sales target is 38 million tonnes. Kim Eng assumes a 1.8 per cent increase in export prices and 2 per... https://www.scmp.com/article/412980/what-broker-says?utm_source=rss_feed https://www.scmp.com/article/412980/what-broker-says?utm_source=rss_feed Sat, 19 Apr 2003 16:00:00 +0000 Yanzhou Coal Mining's net profit rose 25.9 per cent year on year to 1.22 billion yuan, 4.7 per cent below a consensus forecast. https://www.scmp.com/article/412419/yanzhou-coal-25pc?utm_source=rss_feed https://www.scmp.com/article/412419/yanzhou-coal-25pc?utm_source=rss_feed Sun, 13 Apr 2003 16:00:00 +0000 Yanzhou Coal Mining has set a sales target of 38 million tonnes this year, up 8.6 per cent from last year's actual sales of 35 million tonnes, management told analysts in a teleconference. The company signed contracts and letters of intent to sell 39.26 million tonnes of coal this year. https://www.scmp.com/article/407404/yanzhou-sets-sales-target?utm_source=rss_feed https://www.scmp.com/article/407404/yanzhou-sets-sales-target?utm_source=rss_feed Tue, 25 Feb 2003 16:00:00 +0000 Yankuang Group - the parent of China's most profitable coal miner H-share Yanzhou Coal Mining - recorded a 3.4 per cent year-on-year rise in net profit to 584 million yuan (about HK$548.26 million) last year, Bloomberg reported, quoting China Industry News. https://www.scmp.com/article/404544/yankuang-profit?utm_source=rss_feed https://www.scmp.com/article/404544/yankuang-profit?utm_source=rss_feed Thu, 23 Jan 2003 16:00:00 +0000 Yanzhou Coal Mining's third quarter results have drawn a mixed reaction from analysts commenting on its profit outlook. While sales volume is expected to remain strong in the remainder of the year, continued pricing pressure due to the weak global economy could dampen profit growth early next year, according to some analysts. The Shandong province-based H share reported a 46 per cent year-on-year rise in net profit to 842.6 million yuan (about HK$794.88 million) for the first nine months of... https://www.scmp.com/article/396023/results-divide-analysts-outlook-yanzhou-coal?utm_source=rss_feed https://www.scmp.com/article/396023/results-divide-analysts-outlook-yanzhou-coal?utm_source=rss_feed Wed, 30 Oct 2002 16:00:00 +0000 H share Yanzhou Coal Mining expects mainland coal prices to rise only slightly during the rest of the year due to a moderate increase in supply. Supply would be curbed further due to a clampdown on smaller, sub-standard mines, but the company would increase its supply in the second half to achieve planned sales of 34 million tonnes of coal this year, director Wu Yuxiang said yesterday. The clampdown has squeezed coal supply and helped fuel a sharp rise in coal prices in the first half, which... https://www.scmp.com/article/388780/coal-supply-boost-slow-price-rises?utm_source=rss_feed https://www.scmp.com/article/388780/coal-supply-boost-slow-price-rises?utm_source=rss_feed Mon, 19 Aug 2002 16:00:00 +0000