Shanxi Coal International Energy Group Co.,Ltd in coal-rich Shanxi province, saw its coal sales reached 92.63 million tonnes in 2016, skyrocketing 132% from the year-ago level, according to data released by the company.
The company's raw coal output reached 21.46 million tonnes in 2016, up 9.9% year on year, said the company
During the same period, operating revenue amounted to 49.16 billion yuan, gaining 24.2% from the preceding year. Net profit attributable to shareholders was 308 million yuan.
All-in cost of raw coal was 127 yuan/t last year, decreasing 6 yuan/t or 4.5% form the year prior.
The company aims to produce 20 million tonnes of coal and gain 50 billion yuan of operating revenue in 2017.
Shanxi Coal will accelerate release of capacity at its high-yield and high-efficiency mines, and actively resume production or construction of suspended mines or projects.
Shanxi's economy, which expanded 4.5% last year, continues to move on the upward track, bringing the positive influence on coal companies in the province.
(Writing by Zoey Yan Editing by Harry Huo)
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