Baotailong (601011.SH) disclosed its semi-annual report for 2024. During the reporting period, the company achieved a revenue of 0.811 billion...
Baotailong (601011.SH) disclosed its semi-annual report for 2024. During the reporting period, the company achieved a revenue of 0.811 billion yuan, a decrease of 51.54% year-on-year; the net income attributable to the parent company was a loss of 0.192 billion yuan, a change from profit to loss year-on-year; the net income attributable to non-controlling interests was a loss of 0.191 billion yuan, a change from profit to loss year-on-year; the basic earnings per share was -0.1 yuan.
Revenue: During this reporting period, it decreased by 51.54% compared to the same period last year. The main reason is that the sales volume of coke decreased by 39.2% compared to the same period last year, and the selling price decreased by 11.16% compared to the same period last year.
Net income attributable to shareholders of the listed company: During this reporting period, it decreased by 442.48% compared to the same period last year. The main reasons are: (1) due to the suspension of construction of the coal mine and most of the coal mines in the region, the supply of raw materials is insufficient, resulting in a year-on-year decrease of 38.16% in coke production and 37.56% in methanol production; (2) the decrease in selling prices of main products is greater than the decrease in raw material prices, with a year-on-year decrease of 11.16% in coke product prices, 4.95% in raw coal purchase prices, and 1.31% in clean coal purchase prices; (3) there was no production of coking coal during the reporting period, resulting in a narrower space for cost reduction of coke and no business of lean coal.