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IM Mengdian Huaneng 2023 term coal fulfillment exceeds 95%

sxcoal.com Company,  Thermal Coal 2023-07-18 09:38:22

Inner Mongolia Mengdian Huaneng Thermal Power Corp Ltd, a Shanghai-listed power utility in China, said its medium and long-term coal contract fulfillment has exceeded 95% so far in 2023, a significant improvement compared with a year ago.

 

In 2022, over 80% of the company's coal supply was fulfilled through long-term contracts, while the remaining was procured from the market to meet operational needs, it said on an investor interaction platform lately.

 

The company adjusts its procurement of market coal this year in response to changes in the coal market. The market coal it procures does not include any imported coal, it stated.

 

During the first quarter of this year, its main operating income reached 6.019 billion yuan, up 9.72% year on year. The net profit attributable to the parent company surged 73.24% year on year to 861 million yuan, according to its financial report.

 

(Writing by Emma Yang  Editing by Harry Huo)
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