China Coal Xinji achieves record profit, plans dividend payout

China Coal Xinji Energy (SSE: 601918) announced a robust financial performance for 2024, achieving record profits and outlining plans for a substantial dividend payout to shareholders. The company achieved revenue of 12.727 billion, and net profit attributable to shareholders reached 2.393 billion. The company attributes these achievements to its strategy of maximizing existing assets, transitioning to new growth areas, and strengthening ties through strategic partnerships.