Yitai Coal net profit fell 26.53% in the first three quarters due to rising cost

According to the announcement released on the evening of October 29, the company's operating revenue in the first three quarters of 2019 was 30.89 billion yuan (the same below), an increase of 11.32% year-on-year. The net profit attributable to shareholders of the listed company was 2.864 billion yuan, down 26.53% year on year. According to Yitai Coal, the increase in operating revenue is mainly due to the increase in sales revenue of Inner Mongolia Yitai Chemical Co., Ltd. By the end of the reporting period, Inner Mongolia Yitai Chemical Co., Ltd. had produced 846500 tons of chemicals, sold 834900 tons of chemicals, and realized an operating revenue of 3.864 billion yuan. The decrease of net profit compared with the same period of last year is mainly due to the decrease of coal price, the increase of disaster control output, the increase of earthwork stripping cost and the increase of coal production cost. At the same time, the third quarter operation announcement released shows that in the third quarter of 2019, the company's coal output was 16.36 million tons, a year-on-year increase of 16.67%; the sales of coal was 22.8867 million tons, a year-on-year increase of 2.77%. As of the end of the reporting period, the company has produced 40.3538 million tons of coal, an increase of 18.62% over the same period of the previous year; it has sold 64.9729 million tons of coal, an increase of 4.84% over the same period of the previous year, including 38.9865 million tons of coal for railway transportation and 25.9864 million tons for coal mines and delivery stations.