Kailuan Energy Chemical Co Ltd

Kailuan Energy Chemical released its 2026 interim report. Total operating revenue was 9.462 billion yuan, up 7.25 percent year on year, but net profit attributable to the parent company was negative 138 million yuan, swinging from profit to loss year on year and down 138.30 percent. Net cash inflow from operating activities was 141 million yuan, an increase of 446 million yuan year on year. The company's asset-liability ratio was 43.69 percent, gross margin was 7.10 percent, return on equity was negative 1.02 percent, and diluted earnings per share was negative 0.09 yuan. Total asset turnover was 0.37 times, and inventory turnover was 5.01 times. The number of shareholders was 38,500, and the top ten shareholders held 77.20 percent of the total share capital.

Kailuan Energy Chemical announced that it expects a net loss attributable to shareholders of the parent company of 100 million to 150 million yuan for the first half of 2026, swinging from profit to loss year-on-year. The change in performance is mainly due to some mines being affected by changes in coal seam occurrence and complex geological structures, leading to a decline in the output and proportion of profitable coal seams, which resulted in a year-on-year decrease in coal production and sales. At the same time, the coking business was impacted by market fluctuations, and the profitability of the coal chemical segment decreased year-on-year. The company's net loss in the first quarter was 109 million yuan, implying an estimated second-quarter net loss of 41 million yuan to a net profit of 9 million yuan.