China Qinfa (00866) announces profit increase, estimating the post-tax profit for the year 2024 to be no more than 560 million yuan.
China Qinfab (00866) announced that the group expects to achieve pre-tax profits for the year ending December 31, 2024, excluding...
CHINA QINFA (00866) announced that the group expects to achieve a post-tax profit of no more than RMB 560 million for the year ending December 31, 2024, while the post-tax profit for the year ending December 31, 2023 is approximately RMB 192 million.
The expected increase in post-tax profit is mainly due to the net impact of the following factors: significant/non-significant revisions to borrowing; a decrease in average coal selling price; and impairment losses on properties, plant and equipment, and coal mining rights due to a decrease in average coal selling price.
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