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SDIC Xinji Energy's profit up 7.75% in 2011

Jan. 11, 2012 (China Knowledge) - SDIC Xinji Energy Co Ltd<601918>, principally engaged in the exploration, washing, processing and marketing of coal in China, earned RMB 1.35 billion in net profit last year, reflecting a year-on-year increase of 7.75% from RMB 1.25 billion.

In 2011, the Shanghai-listed firm's operating revenue increased by 14.94% year on year from RMB 7.01 billion to RMB 8.06 billion.

Gross profit totaled RMB 1.84 billion last year, more than RMB 1.72 billion in 2010. Earnings per share for 2011 stood at RMB 0.73, compared with RMB 0.68 from two years earlier.

As of December 31, 2011, SDIC Xinji Energy had RMB 22.37 billion in total assets, whereas it had RMB 19.46 billion at the end of 2010, reflecting an increase of RMB 2.92 billion.

The energy supplier is controlled by State Development & Investment Corp, which is also the parent company of SDIC Huajing Power Holdings Co Ltd<600886>, SDIC Zhonglu Fruit Juice Co Ltd<600962>, Sinotex Investment & Development Co<600061> and China National Complete Plant Import & Export<000151>.

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