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ChinaScope is the financial data and analytics platform for global financial professionals seeking critical quantitative and qualitative information on China. Our platform covers raw and processed data and information on companies, industries and the macro economy. We help our clients gather and... More
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  • YZC - Yanzhou Coal Mining: 2012 Net Profit Falls 30.3 Percent YoY 0 comments
    Mar 25, 2013 1:02 AM | about stocks: YZC, YZCHF


    Prepared by ChinaScope Financial | Source: Company Disclosure
    • Yanzhou Coal Mining Co., Ltd. (01171: HKG; 600188: SHA; YZC: NYSE) announced on March 22 that according to the International Financial Reporting Standards (IFRS), company net profit attributable to common shareholders for 2012 decreased 30.3 percent year-on-year (YoY) to CNY 6.22 billion. Basic earnings per share for the reporting period stood at CNY 1.26. The company declared a final dividend of CNY 0.36 per share for 2012.
    • The company said that the decrease in net profit was primarily attributed to the global economic downturn and slowing Chinese economy, as well as a sharp decrease in coal price.
    • In 2012, the company produced 67.8 million metric tons of raw coal, representing an increase of 21.8 percent YoY, and produced 61.9 million metric tons of commercial coal, up 21.7 percent YoY. Its coal sales volume for 2012 increased 46.5 percent YoY to 94.2 million metric tons.
    • Yanzhou Coal Mining Co., Ltd. is principally engaged in coal mining, washing, processing, and distribution, as well as coal transportation by railway, coal chemical, and electric power businesses.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: YZC, YZCHF
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