China Qinfa Group Limited provided consolidated earnings guidance for the year ended December 31, 2023. For the period, the Group is expected to record a profit after taxation of not more than RMB 200 million during the year ended 31 December 2023 as compared with a profit after taxation of approximately RMB 490 million for the year ended 31 December 2022. The decrease in the profit after taxation was mainly due to the net effect of: the decrease in the average coal selling price by approximately 21% in 2023 as compared with 2022; the increase in the coal handling and trading volume by approximately 15% in 2023 as compared with 2022; and impairment losses on property, plant and equipment and coal mining rights due to decrease in average coal selling price.
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5-day change | 1st Jan Change | ||
0.64 HKD | -3.03% | -7.25% | +162.30% |
Apr. 19 | China Qinfa Group Limited Appoints Ms. Deng Bingjing as Executive Director | CI |
Mar. 28 | China Qinfa Group Limited Reports Earnings Results for the Full Year Ended December 31, 2023 | CI |
1st Jan change | Capi. | |
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+162.30% | 204M | |
+19.44% | 104B | |
-5.15% | 38.78B | |
+19.96% | 33.53B | |
+21.22% | 33.68B | |
+11.73% | 20.45B | |
+7.75% | 18.4B | |
-4.70% | 8.62B | |
+6.48% | 8.24B | |
+7.46% | 6.64B |
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