SCOK Profile
noCoking Coal and Coke Chemical Industries, Inc. (SCOK) is a holding company based in China that is engaged in coal and coke production, as well as the development of coal-based chemical products. The company was founded in 2002 and is headquartered in Pingdingshan, Henan, China.
SCOK operates through two subsidiaries: Pingdingshan Hongfeng Coal & Coke Co., Ltd. and Pingdingshan Hongli Coal & Coke Co., Ltd. The former produces coke, a key component in steel manufacturing, while the latter produces chemical products such as coal tar, benzene, and ammonium sulfate. SCOK also operates a cogeneration power plant that generates electricity for internal use and for sale to the local power grid.
In recent years, SCOK has been undergoing a transformation from a traditional coal and coke producer to a more diversified company with a focus on developing cleaner and higher value-added coal-based products. This has included investments in research and development and acquisitions of companies with expertise in coal-based chemicals.
SCOK has faced challenges in the past, including declining revenue and profitability due to oversupply in the coal and coke market and regulatory changes in the Chinese coal industry. However, the company has implemented cost-cutting measures and has seen improved financial performance in recent years.
Investing in SCOK carries certain risks, including exposure to the cyclical and volatile coal industry and the regulatory environment in China. Investors should carefully consider these risks before making an investment decision.
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