In 2019, Yankuang Group realized a total profit of 12.5 billion yuan

According to Shandong business daily, Li Wei, general manager of Yankuang Group, said last year Yankuang Group completed coal production of 166 million tons, sales volume of purchased coal of 18 million tons and output of chemical products of 8.86 million tons, a year-on-year increase of 9.2%. The group's operating revenue exceeded 280 billion yuan, an increase of 8.9% year on year. In the case of digesting the factors such as asset inventory loss and other factors affecting the benefit of nearly 2 billion yuan, Yankuang Group realized a total profit of 12.5 billion yuan, an increase of 23.76% year-on-year, and a total asset of 327 billion yuan at the end of the year, an increase of 6.4% year-on-year. At the same time, Yankuang Group continued to focus on the main business, implemented the three-year action of asset clearing and integration of non main business, completed the clearing norms of 114 holding and shareholding companies and the clearing and withdrawal of 6 non main business enterprises, and the leading industries have been transformed and upgraded in the transformation of new and old driving forces. Li Wei said that in the new year, Yankuang Group strives to produce more than 170 million tons of coal, more than 10 million tons of chemical products, and more than 300 billion yuan of operating revenue, including 10 billion yuan of real industry revenue.