Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. Yanzhou Coal Mining Company Limited
  6. News
  7. Summary
    1171   CNE1000004Q8

YANZHOU COAL MINING COMPANY LIMITED

(1171)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Chinese Coal Companies Fall as Beijing Signals Intervention

10/19/2021 | 10:46pm EST

By Yongchang Chin

Shares of Chinese coal companies were weaker Wednesday after Beijing said it would intervene to boost coal supply and cool prices in the wake of shortages that have forced blackouts in parts of the country and weighed on economic growth.

Hong Kong-listed shares of Yanzhou Coal Mining dropped 10%, China Coal Energy lost 9.9% and China Shenhua Energy fell 4.8% on concerns that lower coal prices could weigh on revenues. The companies' Shanghai-listed shares fell by by 10%, 9.9% and 6.7%, respectively, by the mid-day break.

China's National Development and Reform Commission said on its website late Tuesday that it would help energy producers raise output and shore up domestic supply, as well as "guide coal prices back to a reasonable level" and clamp down on speculative activity.

It said it would focus on investigating "abnormal transactions," referring to market actors potentially hoarding resources to drive prices up.

The prospect of Beijing's intervention is already weighing on coal prices, ANZ said, noting that Newcastle coal futures were 4.0% lower at $229.90 a ton, although it is still up 30% from a month ago.

China's power supply crunch is likely to persist into the winter, Citi Research said, as shortages could force the government to mandate a 12% cut in industrial power use this quarter, with deeper cuts possible depending on the weather.

"This would increase stagflation risks and growth pressures on the Chinese and global economy over the coming winter," Citi said.

Write to Yongchang Chin at yongchang.chin@wsj.com

Corrections & Amplifications

This item was corrected at 0509 GMT to reflect Hong Kong-listed shares of Yanzhou Coal Mining dropped 10%. The original version incorrectly referred to the company as Yanzhou Coal Ming in the second paragraph.

(END) Dow Jones Newswires

10-20-21 0046ET

Stocks mentioned in the article
ChangeLast1st jan.
CHINA COAL ENERGY COMPANY LIMITED 1.81% 4.5 End-of-day quote.93.13%
CHINA SHENHUA ENERGY COMPANY LIMITED -1.42% 18.02 End-of-day quote.23.42%
YANZHOU COAL MINING COMPANY LIMITED -0.15% 13.7 End-of-day quote.120.97%
All news about YANZHOU COAL MINING COMPANY LIMITED
11/29Yanzhou Coal Sells $313 Million of Renminbi Bonds in China
MT
11/18Yanzhou Coal Mining Lists $300 Million of 2.90% Bonds due 2024 on Hong Kong Bourse
MT
11/17Yanzhou Coal Mining Arm Buys 62% Stake in Chinese Coal Seller
MT
10/29Yanzhou Coal Mining Company Limited Reports Earnings Results for the Nine Months Ended ..
CI
10/22YANZHOU COAL MINING : Projects 64.8% Rise in January-September Profit
MT
10/21Yanzhou Coal Mining Company Limited Announces Unaudited Operating Results for the Third..
CI
10/21Yanzhou Coal Mining Company Limited Provides Earnings Guidance for the Nine Months Ende..
CI
10/20EUROPEAN MIDDAY BRIEFING : Stocks Drift as -3-
DJ
10/20YANZHOU COAL MINING : Saleable Coal Output Drops 3% in Q3
MT
10/19Correction to Chinese Coal Stock Article
DJ
More news
Financials
Sales 2021 89 510 M 14 109 M 14 109 M
Net income 2021 16 647 M 2 624 M 2 624 M
Net Debt 2021 65 392 M 10 307 M 10 307 M
P/E ratio 2021 3,59x
Yield 2021 15,8%
Capitalization 95 042 M 14 932 M 14 981 M
EV / Sales 2021 1,79x
EV / Sales 2022 1,39x
Nbr of Employees 63 869
Free-Float 44,0%
Chart YANZHOU COAL MINING COMPANY LIMITED
Duration : Period :
Yanzhou Coal Mining Company Limited Technical Analysis Chart | 1171 | CNE1000004Q8 | MarketScreener
Technical analysis trends YANZHOU COAL MINING COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 12
Last Close Price 11,18 CNY
Average target price 9,70 CNY
Spread / Average Target -13,3%
EPS Revisions
Managers and Directors
Yao Meng Xiao General Manager & Director
Qing Chun Zhao Chief Financial Officer & Executive Director
Wei Li Chairman
Chang Cai Independent Non-Executive Director
Chiu Kwok Poon Independent Non-Executive Director