Hengyuan Coal boosts reserves, payout despite profit dip

Anhui Hengyuan Coal Industry And Electricity Power Co. (SSE:600971) is set to enhance its long-term prospects through strategic resource acquisitions and shareholder returns, even as it navigates a challenging financial landscape. While the company reported a 10.45% year-over-year decrease in revenue to 6.97 billion yuan and a 47.35% drop in net profit attributable to shareholders to 1.07 billion yuan in its 2024 annual results, it has proposed a cash dividend of 0.27 yuan per share, totaling 324 million yuan, pending shareholder approval at its annual meeting.