Summary by Moomoo AI
China Coal Energy announced its results for the year ended 31 December 2023 with revenues of $1,929.69 billion for the year, down by 12.5% from the previous year of $276.08 billion. The company's shareholders accounted for a profit of $201.84 billion, an increase of 2.3% over the previous year. Earnings before interest tax depreciation and amortization amounted to $447.54 billion, up 2.0% from the previous year by $8.62 million. The Board of Directors proposes to distribute a final dividend of RMB0.442 per share, pending approval by the General Meeting. Coal production reached a new high of 13,422 million tons, an increase of 12.6%. Production of coal and chemical products also increased, reaching 603.6 million tons. Revenue from the coal mining equipment business reached US$121.83 billion, up 14.8%. Revenue from financial operations reached $24.42 billion, up 2.3%. THE COMPANY ACTIVELY RESPONDS TO MARKET VOLATILITY, STRENGTHENS COST CONTROL AND RISK MANAGEMENT, AND PROMOTES INTELLIGENT UPGRADES IN THE COAL AND COAL CHEMICAL INDUSTRIES.