The financial loss of Anyuan Coal Industry Group Co., Ltd. rose from 76.56 million yuan ($10.56 million) in 2022 to 114 million yuan in 2023, according to the annual operational report released by the company on April 24.

The company's total operating income fell 22.94% year on year to 6.87 billion yuan last year. The decrease was due to a drop in coal sales prices and an increase in production costs for commercial coal, according to the report.

Among its main businesses, coal and coke trades achieved 4.86 billion yuan of revenue in 2023, down 31.18% from a year ago, accounting for 70.95% of the total.

The earnings from coal production and sales increased 1.82% on the year to 1.32 billion yuan, taking up 19.27% of the total.

The revenue from warehousing and wharf transshipment ticked up 0.97% year on year to 379 million yuan in 2023, representing 5.52% of the total.

Anyuan Coal industry ownes five coal mines in Fengcheng and Pingxiang of Jiangxi province in southeastern China.

In 2023, Anyuan Coal industry produced 1.7 million tonnes of raw coal, increasing 264,000 tonnes year on year. It sold 1.43 million tonnes of commercial coal last year, 155,000 tonnes more than the year before.

In 2023, it had 4.5 million tonnes of coal mine capacity under its trusteeship, resulting in an income of 17.29 million yuan.

Anyuan Coal industry plans to pursue growth opportunities in both coal and non-coal areas, aiming to evolve from a coal-focused entity to a comprehensive energy service provider this year.

(Writing by Shengnan Liu  Editing by Harry Huo)
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