Major Chinese coke producer Shanxi Province-based Shanxi Coking Co., Ltd. (Shanxi Coking) has announced that it recorded a net profit of RMB 239-286 million ($33.2-39.8 million) in 2024, down 77.6-81.28 percent year on year.
In 2024, the gross profit margin of the company's main product - coke - remained under downward pressure, resulting in a year-on-year decline in its main results.