Anhui Hengyuan Coal Industry and Electricity Power Co Ltd

Hengyuan Coal and Electricity released its 2026 interim report, with net profit attributable to the parent company of 161 million yuan, an increase of 290 million yuan compared with the same period last year, achieving a turnaround from loss to profit. The company's total operating revenue was 3.443 billion yuan, up 44.82 percent year on year; net cash inflow from operating activities was 1.435 billion yuan, an increase of 1.664 billion yuan compared with the same period last year. The company's latest gross margin was 28.26 percent, rising for four consecutive quarters; the latest return on equity was 1.37 percent, up 2.46 percentage points from the same period last year. The company had 27,700 shareholders, and the top ten shareholders held 829 million shares, accounting for 69.09 percent of the total share capital.

Hengyuan Coal & Electricity announced that coal sales gross profit surged 120.78% year-on-year to 708 million yuan in the first half of 2026, while power business revenue expanded significantly. In the coal segment, commercial coal output reached 4.0469 million tonnes, up 14.01% year-on-year, sales volume was 3.3135 million tonnes, down 1.87%, sales revenue came to 2.569 billion yuan, up 14.89%, and cost of sales was 1.861 billion yuan, down 2.82%. In the power segment, electricity generation was 2.238 billion kilowatt-hours, up 4412.78%, electricity sales were 2.131 billion kilowatt-hours, up 7662.24%, sales revenue reached 758 million yuan, up 8207.55%, and gross profit swung from a loss of 6.723 million yuan a year earlier to a profit of 185 million yuan. The company cautioned that the operating data is unaudited and for investor reference only.

Hengyuan Coal & Electricity disclosed its earnings forecast, expecting attributable net profit of 161 million yuan in the first half of 2026, compared with a loss of 129 million yuan in the same period last year, achieving a turnaround. Deducted non-recurring net profit is expected to be 75.4953 million yuan, compared with a loss of 142 million yuan a year earlier. The change in performance was mainly driven by higher coal selling prices, with coal prices rising by 113.16 yuan per tonne year-on-year, an increase of 17.09 percent, while the company also received compensation for overlying mineral resources of 82.101 million yuan affecting profit and loss during the period.