Shaanxi Coal and Chemical Industry Group reaped 17.3 billion yuan ($2.68 billion) of total profit in 2020, increasing by 10.2% compared with a year earlier, according to the group.
The company realized 340 billion yuan of operating revenue last year, climbing up 12.4% from the year-ago level.
Its full-year fixed asset investment totaled 23.2 billion yuan, completing the target set by Shaanxi authorities.
In 2020, the firm churned out 195 million tonnes of coal, rising 10% from the year-ago level. Its output of chemical products increased 4.9% year on year to 18.7 million tonnes.
Its crude steel production came in at 13.2 million tonnes, up by 6% from the preceding year.
Shaanxi Coal and Chemical Industry Group aims to realize 380 billion yuan of operating revenue and 18 billion yuan of total profit in 2021.
(Writing by Tammy Yang Editing by Alex Guo)
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