Inner Mongolia Dian Tou Energy (SHE:002128) expects its total profit and revenue to significantly rise this year following a budget adjustment, according to a Shenzhen bourse filing on Thursday.

Total profit is expected to rise by 4.56 billion yuan year on year to 15.3 billion yuan, while revenue is expected to climb by 3.50 billion yuan year on year to 30.7 billion yuan.

One of the factors in the budget adjustment is the transfer of Baiyinhua Coal & Power to SPIC Energy.

The energy company's shares jumped 3% during the morning trade.