Shanxi Antai Group (600408.SH): Continue to carry out coke processing services.
Antai Group (600408.SH) issued a statement, stating that the company is actively responding to the volatile market risks of the coking industry and reducing the production of coking coal...
Shanxi Antai Group (600408.SH) announces that, in order to actively respond to the fluctuations in the coking market and reduce losses in the coke business, the company has already commenced entrusted processing of coke with Xiangfen County Chang Shengping Coal Industry Co., Ltd. (referred to as "Chang Shengping Company"). Since the commencement of this business, the cooperation between the two parties has been smooth. According to the company's financial department's calculations, this business model has significantly reduced the losses of self-operated coke products under similar conditions, which is of positive significance for improving the company's operating performance. Based on the forecast of the current and future trends in the coal and coke markets for a certain period of time, the company has decided, in consultation with both parties, to continue this business in order to minimize the risks of fluctuations in the coal and coke markets.
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