Two Chinese energy companies post third-quarter net losses
According to Reuters, Shanxi Meijin Energy posted a Q3 net loss of 418.9 million yuan, and Liaoning Energy Industry 374.4 million yuan.
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what happened
According to Reuters, Shanxi Meijin Energy Co Ltd reported a third-quarter net loss of 418.9 million yuan, equal to about $62.82 million. Liaoning Energy Industry Co Ltd reported a net loss of 374.4 million yuan for the same period, or roughly $56.15 million.
The dollar conversions use a rate of 6.6680 Chinese yuan per dollar.
why it matters
The news concerns two separate companies and is local in scope. For investors in China's energy sector, the key points are the profit trend at these companies and the yuan rate used for the dollar conversions.
tags
instruments
sources
- Shanxi Meijin Energy Q3 Net Loss At 418.9 Million Yuan — Reuters, 27 October 2026 at 08:34 UTC
- Liaoning Energy Industry Q3 Net Loss At 374.4 Million Yuan — Reuters, 27 October 2026 at 09:30 UTC
- Xinjiang Daqo New Energy Q3 Net Loss At 410.9 Million Yuan — Reuters, 27 October 2026 at 09:56 UTC
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