Yankuang Energy Group released 2022 H1 forecast today. Based on Chinese accounting standards, NPAT is expected to be RMB18b, up 198% YoY. That's almost AU$4b, for half yearly.
They locked in RMB6.6b NPAT for Q1 2022, meaning Q2 2022 almost doubled their NPAT.
Reasons for such increase include coal prices nationally and internationally, cost controlling and hedgings.
Tried to compare the weightings of Yancoal Aus's NPAT and revenue as a group, the ratio has been volatile, but a very conservative 20% can be used. So Yancoal easily have surpassed 2021's NPAT in 6 months. Note that YAL has 2-3 months price lagging, so shareholders should expect better performance in H2 2022 if everything remains the same, or yet, better.
YAL Price at posting:
$5.68 Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)