Xinji Energy posts 12% profit jump in 2024
China Coal Xinji Energy (SSE: 601918) reported a 12.39% year-on-year increase in net profit attributable to shareholders, reaching ¥23.71 billion (approximately $3.24 billion USD) in 2024. The company's preliminary results also show an 8.25% rise in total profit to ¥37.21 billion. This strong performance was driven by increased coal production, reaching 21.52 million tonnes, and robust electricity generation of 129.72 billion kWh. While commodity coal sales volume slightly decreased to 18.87 million tonnes, overall revenue remained relatively stable at ¥127.91 billion, down only 0.42% from the previous year. The company emphasizes these figures are unaudited and may be subject to change pending final reporting.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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