Yanzhou released its 2009 results to the Hong Kong Stock Exchange on Friday, reporting a fall in net income from 6.5 billion yuan ($US952 million) in 2008 to 4.12 billion yuan ($US603 million) in 2009, according to a Bloomberg report.
Revenue fell from 24.4 billion yuan ($US3.6 billion) to 19.9 billion yuan ($US2.9 billion).
The fall was attributed to a fall in spot coal prices.
Despite the fall, the miner’s fortunes have recovered after posting a first quarter net income of 2.1 billion yuan ($US307.6 million) and increasing operating income by 59%.
