Henan Dayou Energy Co Ltd

The coal sector rallied again in afternoon trading, with Dayou Energy hitting limit up in a bullish reversal, marking its second limit-up in four sessions. Earlier, Shanghai Energy and Meijin Energy hit limit up, while Xinji Energy and Haohua Energy rose in tandem. On the news front, Shanghai Energy's 2026 interim report showed first-half revenue of 4.45 billion yuan, up 27.21 percent year on year, and net profit attributable to shareholders of 283 million yuan, up 38.02 percent. A research note from Guosheng Securities said the pace of coal mine resumption in Shanxi remains slow, supply stays tight, downstream demand is solid, and most mines are struggling to meet demand. Combined with rising futures prices and strong market sentiment, coking coal prices have repeatedly hit new highs for the year, and this trend is expected to continue in the short term.

The coal mining concept strengthened in trading, with the sector rising 3.07%. Among related constituent stocks, Dayou Energy rose 10.00%, Zhengzhou Coal Industry rose 9.06%, Liaoning Energy rose 8.28%, China Coal Energy rose 6.78%, and Haohua Energy rose 4.96%. A research report from Sealand Securities pointed out that in June 2026, raw coal output fell 9.7% year-on-year, the largest drop in a decade, with significant supply-side contraction. Over the same period, thermal coal and primary coking coal prices rose 39.93% and 71.93% year-on-year respectively, with the supply-demand gap continuing to widen and the coal price uptrend clearly established. A research report from Shenwan Hongyuan Securities noted that from January to May 2026, thermal power generation increased 3.4% year-on-year, expected to drive total coal consumption up 3.0% for the full year, while the supply side is tightening due to the window for capacity reduction and import contraction. The coal price center is likely to enter a long-term upward channel of fluctuating increases.