Baotailong disclosed its earnings forecast, expecting a net loss attributable to shareholders of 97 million to 162 million yuan in the first half of 2026, compared with a profit of 98.8835 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 95 million to 160 million yuan, compared with a loss of 64.8298 million yuan a year earlier. The company stated that its main product, coal, was affected by the market, with prices and output falling year-on-year, while mining costs increased, leading to a decline in coal product profitability. The coking business started furnace drying in early June 2026, and the overall capacity utilization rate in the first half was relatively low, resulting in operating losses. Based on the latest closing price, the company's price-to-book ratio is about 0.92 times, and the price-to-sales ratio is about 6.96 times.
Baotailong New Materials Co LtdExpects a net loss of 97-162 million yuan in H1 2026 vs profit last year, due to lower coal prices/output and higher costs.