On Mar 21st 2020, China Coal Energy published 2019 annual business report.
In 2019, the company overcame the difficulties of coal mining organization, coal chemical sector scheduled maintenance and environment called output limitation etc, accomplished 101.84Mt of commodity coal mining, 101.95Mt of coal sales, 1453kt of polyolefin output and 1450kt sales, 1991kt urea output and 2291kt sales, all exceeding the annual production & business schedule. Realized CNY129.3bn sales revenue, increasing by 24.2%. Self-produced coal unit distribution cost was CNY222/t, CNY4.3/t higher. Profit was totalized up CNY12.14bn, increasing by 39.4%, all on previous year level basis.
In 2019, the company’s coal chemical sector received CNY17.772bn business income, 234mn less or 1.3% lower comparing to CNY18.006bn for year 2018. After deduction of intra-division trade, the business income was CNY17.512bn, 354mn less or 2.0% lower comparing to CNY17.866bn for year 2018, mainly affected by the bigger magnitude of price drop on coal chemical market.
