Shanxi Meijin Energy reports 674m yuan net loss

Shanxi Meijin Energy reported a net loss of 674 million yuan attributable to shareholders in its semi-annual results, despite holding total assets of 44.74 billion yuan.

The company provided 43.53 million yuan in financial assistance to associated companies, including 10 million yuan to Guizhou Jinlan Shengjin New Material at 5.5% annual interest and 33.53 million yuan to Shanxi Hongchuang Logistics at 3% interest over three years.