Shanxi LuAn Environmental Energy Development Co Ltd

Lu'an Environmental Energy announced on September 9, 2026 that its board of directors has approved a plan to invest 100 million yuan of its own funds to establish a wholly-owned subsidiary, Shanxi Lu'an Environmental Energy Shangma Coal Company Limited, as the dedicated implementation entity for the Shangma coal mine project. The company won the coal exploration rights for the Shangma block in Xiangyuan County, Shanxi Province in August 2024, and has now completed the procedures to convert the exploration rights into mining rights and obtained the relevant licenses. The new subsidiary's business scope includes coal mining, washing and sales, aiming to build a specialized implementation vehicle for the project, in line with the company's coal-focused development strategy.

Lu'an Environmental Energy released its interim report on August 26, 2026. During the reporting period, the company's total operating revenue was 15.01 billion yuan, up 6.68% year-on-year; net profit attributable to the parent company was 1.778 billion yuan, up 31.85% year-on-year. Net cash inflow from operating activities was 415 million yuan, an increase of 429 million yuan year-on-year. The company's asset-liability ratio was 41.28%, and gross margin was 40.09%, up 3.43 percentage points from the previous quarter, marking two consecutive quarters of growth. Diluted earnings per share were 0.59 yuan, up 31.11% year-on-year. Total asset turnover was 0.19 times, and inventory turnover was 14.21 times, ranking first among peer companies that have disclosed results. The number of shareholders was 46,600, and the top ten shareholders held 69.72% of the total share capital.