Jingyuan coal-electricity net profit rose 99%

Jingyuan Coal (000552) semi-annual report shows that the company's first half to achieve business income of 372 million yuan, an increase of 73.85% per cent, to achieve net profit of 3,918 230,000 yuan, an increase of 99.04%. During the reporting period, coal as the main business to achieve revenue of 369 million yuan, an increase of 74.22%. The company said that the main reason for the increase in operating income is the expansion of the company's production and marketing scale.　　It is understood that 85% of the company's coal sales are contract sales, of which 60% in the province sales, and this year, the company's electricity coal contract price rose 50 Yuan/ton last year. The company expects that in the second half due to the macro-economic trends still exist uncertainties, coupled with the coal industry a new round of production expansion effect of the show, may lead to a fall in coal prices, production costs rise, will have a negative impact on the company's profitability.