Pingdingshan Tianan Coal Mining (601666) investor relations material

Executive summary

• Revenue for 2025 was RMB 20.53 billion, down 32.20% year-over-year; net profit attributable to shareholders was RMB 231 million, down 89.87% year-over-year.

• Coal sales volume and prices declined, leading to lower revenue and profit; cost control and asset management were strengthened.

• The company completed the acquisition of a 60% stake in Wusu Sikeshu Coal and sold a 72% stake in Xiangshan Mine.

• The board proposed a cash dividend of RMB 0.60 per 10 shares, totaling RMB 140 million, representing 60.62% of distributable net profit.

Financial highlights

• Operating income: RMB 20.53 billion, down 32.20% year-over-year.

• Net profit attributable to shareholders: RMB 231 million, down 89.87% year-over-year.

• Basic EPS: RMB 0.0935, down 89.99% year-over-year.

• Operating cash flow: RMB 1.51 billion, down 73.70% year-over-year.

• Total assets: RMB 80.97 billion, up 5.67% year-over-year.

• Net assets attributable to shareholders: RMB 24.70 billion, down 1.37% year-over-year.

Outlook and guidance

• 2026 coal production planned at 30.24 million tons, washed coal at 13.08 million tons.

• Focus on “big clean coal” strategy, green and intelligent transformation, and cost control.

• Industry faces weak demand, price volatility, and ongoing transition to high-quality, green, and intelligent mining.