Jizhong Energy Resources Co., Ltd, a listed arm of state-owned Jizhong Energy Group Co., Ltd in Hebei province, reported a robust yearly growth of 21.3% in net profit to 820 million yuan ($122.3 million) in the first three quarters, the firm said in a statement on October 28.
Its operating revenue dropped 6% from a year earlier to 15.94 billion yuan during the same period.
At present, the company owns businesses in coal, chemical, power, building materials and service sectors, with coal as its pillar industry.
It has five coal mining areas in Xintai, Handan, Fengfeng, Shanxi and Inner Mongolia, and mainly produces high-quality coking coal, 1/3 coking coal, fat coal, washed fat coal and lean coal.
(Writing by Tammy Yang Editing by Alex Guo)
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