Baotailong New Materials Co Ltd

Mainstream coke producers in Hebei, Shanxi and other regions have issued letters to raise coke prices by 50 to 55 yuan per tonne, with the increase scheduled to take effect from 0:00 on the 20th. The latest coke price on 17 August was 1,868.75 yuan per tonne, up 11.40 percent over the past 90 days. Data from the National Bureau of Statistics show that in July 2026, raw coal output of industrial enterprises above designated size was 343 million tonnes, down 10.1 percent year on year and the lowest since October 2021. Changjiang Securities said in a research note that coke industry profitability is already at a historical bottom, new capacity additions on the supply side are entering their final stage, and emerging coal chemical demand on the demand side continues to grow, with the overall picture showing a bottoming-out and stabilising trend. Huachuang Securities said in a research note that the overseas coke market is also warming up, with Indonesia's coke FOB price reaching 275 US dollars per tonne in May 2026, providing some support for domestic coke prices.

Baotailong announced that its Baotailong No. 2 Mine new project has obtained the joint trial operation filing receipt issued by the Heilongjiang Provincial Coal Production Safety Administration. The project is located in Xinxing District, Qitaihe City, with a construction scale of 300,000 tons per year, and the joint trial operation period runs from July 14, 2026 to January 13, 2027. Baotailong No. 2 Mine is a project funded by the company's 2022 non-public offering of shares. Once completed and put into operation, it will enhance raw coal self-sufficiency and optimize costs. The filing requires that during the trial operation period, safety production regulations must be implemented, special acceptance checks for safety and environmental protection must be completed, and a joint trial operation report must be prepared before the end of the period.