China Knowledge quoted Anhui Hengyuan Coal Industry Co Ltd said in a statement filed with the Shanghai Stock Exchange that its net profit for last year was CNY 520 million down by 13%YoY and that earnings per share were CNY 1.41.

Profit attributable to shareholders stood at CNY 925 million, but no dividend will be paid.

In 2009, the coal firm, based in Hengyuan, Anhui Province reaped CNY 5.34 billion in operating revenue, 16.74% more than in 2008 and its total profits hit CNY 731 million. As of the end of last year, the firm total assets had surged 18.26%YoY reaching CNY 10.78 billion.

The enterprise raw coal output was 11 million tons and its sales volume was 9.67 million tonnes.

In October 2008, the company received approval from its board of directors for a group listing and issued 112 million shares to parent Wanbei Coal Electricity Group Co Ltd for CNY 13.71 apiece.

(Sourced from China Knowledge)