The Yanzhou Coal Mining Co of the city of Yanzhou, Shandong province, won three awards at the 2014 Platts Global Energy Awards, in Singapore, recently, coming in at 17th place out of all of Asia's fastest growing energy companies, 65th on the Asia Top 250 energy company list, and 199th on the Global Top 250.
The awards honor achievements in the energy field and recognize corporate and individual accomplishments, innovation and entrepreneurship, with Larry Neal, the head of the Awards committee on hand to present the awards to Yanzhou Coal's GM, Yin Mingde.
The awards, which look at four characteristics -- assets, income, profits, and rate of return -- honored a number of Chinese enterprises, in addition to Yanzhou, such as Sinopec, China National Petroleum Corp, the Shenhua Group and China Huaneng Group.
Yanzhou is China's third largest listed coal company by market value and showed 1.95 billion yuan ($317 million) in net profits in the first three quarters of 2014, with revenue up 15.63 percent year-on-year to 47.93 billion yuan in the first nine months, the company said. Its basic earnings per share climbed to 0.4 yuan from minus 0.12 in the same period of last year, while total assets rose 9.48 percent from the end of last year, to 137.62 billion yuan.
Wang Qian contributed to the story |