In recent years, Yankuang Group has adopted a series of innovative and transformative measures to successfully grow its business.
In 2017, Yankuang realised coal output of 135 million t, with its operating revenue standing at RMB199.2 billion, total assets of RMB287.8 billion, and profit before tax of RMB15.3 billion. These were the company’s best results in the last five years. For the first half of 2018, Yankuang’s total output of coal was 81.82 million t, an increase of 54.84% on a year-on-year basis, with gross profit of RMB3.3 billion, a year-on-year increase of RMB1.967 billion, with its total assets breaking through the threshold of RMB300 billion and hitting a new record high.
According to the company, Yankuang will take the Global 500 list as a new starting point, and the company will aim to push for reform, innovation, transformation and improvement of development quality and efficiency via adoption of the concept of localised management.
