HAOHUA ENERGY: In the first half of the year, the net profit attributable to the parent company was 448 million yuan, a year-on-year decrease of 47.82%

On August 25th, HAOHUA ENERGY disclosed its semi-annual report, stating that the company achieved operating revenue of 4.395 billion yuan in the first half of the year, a year-on-year decrease of 7.17%; the net profit attributable to shareholders of the listed company was 448 million yuan, down from 859 million yuan in the same period last year, a year-on-year decrease of 47.82%; basic earnings per share were 0.31 yuan. The significant decline in net profit and other financial indicators attributable to shareholders of the listed company during the reporting period was mainly due to the sharp drop in coal prices, resulting in a year-on-year decrease in revenue from self-produced coal