HK Stock Market Move | Yancoal Australia (03668) rose more than 3% in early trading, with a 3% increase in coal sales volume in the fourth quarter. The company said it has enough financial resources to pay dividends.

YANCOAL AUS (03668) rose by over 3% in early trading, rising by 3.26% to 30.1 Hong Kong dollars as of the time of writing, with a turnover of 55.969 million Hong Kong dollars. On the news front, YANCOAL AUS announced that in the fourth quarter of 2024, based on a 100% basis, the raw coal production was 17.3 million tons, a decrease of 1% compared to the previous quarter, and a decrease of 4% year-on-year. The production of commercial coal was 13 million tons, a decrease of 2% compared to the previous quarter, and an increase of 1% year-on-year. The equity commercial coal production was 9.7 million tons, a decrease of 5% compared to the previous quarter, and remained steady year-on-year. The equity coal sales volume was 10.4 million tons, an increase of 3% year-on-year. The average coal sales price was 176 Australian dollars per ton, a decrease of 10% year-on-year. The company pointed out that it has achieved last year's production guidance, added 480 million Australian dollars in cash, and achieved a cash balance of nearly 2.5 billion Australian dollars as of the end of last year. The company's finances are sufficient to support expansion and dividend payments to shareholders, and further comments on dividends will be made after the board of directors approves the 2024 financial report in February.