News Column

Top 100 Coal Firms 2013 Net Fell 44%

September 3, 2014

SHANGHAI, September 3, SinoCast -- A report by China National Coal Association shows total net profit of China's top 100 coal firms hit about CNY 84.16 billion in 2013, down 44.18% from a year ago. Among them, 21 ones lost money and 77 ones suffered a net profit fall.

They produced around 3.01 billion tons of coal, up 5.47%, compared to an average annual growth of 13.72% from 2006 to 2010 and a new low since 2006. Debt asset ratio inched up by 1.97 percentage points to 67.59%, marking an increased financial risk.

Tax reached about CNY 294.48 billion, down 11.47%, the first fall in about 10 years. Non-coal revenue rose 19.38% to CNY 2.46 trillion, accounting for 60% of the total.

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Source: Sinocast Energy Beat (China)

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