On June 30, 2024, Yankuang Energy Group Co., Ltd. announced the summarized consolidated financial statements of the company and its subsidiaries (the Group) for the six months ended June 30, 2024. The report shows that the Group's operating business generated a net cash inflow of RMB 9.641 billion, an increase of 89.21% compared to the same period last year's RMB 5.096 billion. The profit for the period was RMB 10.686 billion, a decrease of 27.37% compared to the same period last year's RMB 12.897 billion. The total assets of the Group were RMB 418.8 billion, and the net assets were RMB 87.045 billion. As of the end of the reporting period, the balance of interest-bearing debt of the consolidated financial statements of the company in the scope of...Show More

On June 30, 2024, Yankuang Energy Group Co., Ltd. announced the summarized consolidated financial statements of the company and its subsidiaries (the Group) for the six months ended June 30, 2024. The report shows that the Group's operating business generated a net cash inflow of RMB 9.641 billion, an increase of 89.21% compared to the same period last year's RMB 5.096 billion. The profit for the period was RMB 10.686 billion, a decrease of 27.37% compared to the same period last year's RMB 12.897 billion. The total assets of the Group were RMB 418.8 billion, and the net assets were RMB 87.045 billion. As of the end of the reporting period, the balance of interest-bearing debt of the consolidated financial statements of the company in the scope of consolidation was RMB 119.56 billion, an increase of 12.6% compared to the beginning of the year. The Group is mainly engaged in mining industry and is also involved in smart logistics, electrical utilities and heating, equipment manufacturing business, and chemical products. During the reporting period, the company issued multiple tranches of corporate bonds, raising a total of RMB 7 billion in funds for debt repayment and supplementing working capital.