China Energy Announces Strong Business Momentum in Q1

On April 7, China Energy Investment Corporation announced its stable business performance in the first quarter of 2021. In the first three months of this year, the company produced 152 million tons of coal, up 6.7 percent year-on-year, and sold 196 million tons of coal. It generated 274.2 billion kWh of electricity, including 235.2 billion kWh of coal-fired power, up 6.7 percent year-on-year. A total of 117 million tons of coal were transported by trains. Some 59.22 million tons of self-produced coal were loaded at the two ports owned by China Energy, and 56.04 million tons coal were transported by ships, a year-on-year rise of 13.3 percent. The company produced 7.71 million tons of chemical products, of which 4.56 million tons were sold. With all key indicators of business performance hitting record high, the company greatly helped to stabilize economic growth.

At the same time, China Energy completed a total investment of 19.16 billion yuan in the first quarter, a year-on-year increase of 66.4 percent, including 8.08-billion-yuan investment in new energy, a year-on-year increase of 99.4 percent, showing strong development momentum.