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Some investors asked Baotailong: Since this year, coal prices have skyrocketed, why has the company continued to lose money? On November 9, the company answered on an interactive platform that in the first half of the year, the company was affected by the coal market, with prices and production falling year-on-year, and coal mining unit costs increasing, leading to a year-on-year decline in the profit level of coal products; the company belongs to the coal chemical industry. The rising coal price increases the company's raw material procurement costs. In the future, the company will improve its ability to supply raw materials, and strive to improve operations.
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Some investors asked Baotailong: Since this year, coal prices have skyrocketed, why has the company continued to lose money? On November 9, the company answered on an interactive platform that in the first half of the year, the company was affected by the coal market, with prices and production falling year-on-year, and coal mining unit costs increasing, leading to a year-on-year decline in the profit level of coal products; the company belongs to the coal chemical industry. The rising coal price increases the company's raw material procurement costs. In the future, the company will improve its ability to supply raw materials, and strive to improve operations.
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