[ET Net News Agency, 16 December 2021] Yankuang Energy Group Company Limited (01171)
said during January to November 2021, the group's sales volume of saleable coal was 95.27
million tons, representing a decrease of 41.45 million tons or 30.32% as compared with the
corresponding period of the previous year.
It was mainly because (1) in order to improve the quality of assets, the company is
stripping its tradable coal business, the sales of tradable coal decreased by 22.65
million tons as compared with the corresponding period of the previous year; (2) due to
the restriction of geological conditions and the influence of policy shutdown factors, the
saleable coal output of the company headquarters' coal mines in Shandong province
decreased by 4.47 million tons as compared with the corresponding period of the previous
year; (3) due to the impact of safety and environmental protection restriction policies
and other factors, the saleable coal output of Shilawusu Coal Mine and Yingpanhao Coal
Mine in Inner Mongolia decreased by 7.82 million tons in total as compared with the
corresponding period of the previous year, the actual output level is about 20% of the
approved capacity.
The production constraints to the company headquarters' coal mines were eliminated in
August, and the output returned to the normal level. The company actively responded to the
impact of production constraints, since the middle of November, the output level of
Shilawusu Coal Mine and Yingpanhao Coal Mine has been restored to about 50% of the
approved capacity. (RC)