SinoCoking Coal and Coke Chemical Industries, Inc. provided gross profit guidance for the fourth quarter of 2014. For the quarter, the company announced preliminary guidance on certain aspects of its fourth quarter financial results. The company reported that it was able to reduce its overall cost of goods sold (COGS) by approximately 10% in the fourth quarter as compared with the third quarter, and was able to reduce syngas COGS by approximately 15% from the third quarter to the fourth quarter.

The selling price for the company' syngas remained stable quarter to quarter, resulting in the company's gross profit in the fourth quarter increasing by approximately 27% over the third quarter.