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Shan Xi Hua Yang Group New Energy (600348) investor relations material

Shan Xi Hua Yang Group New Energy Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary30 Oct, 2025

Executive summary

  • Revenue for the first nine months of 2025 was RMB 16.96 billion, down 8.85% year-over-year, with Q3 revenue at RMB 5.72 billion, down 10.72% from the same period last year.

  • Net profit attributable to shareholders for the first nine months was RMB 1.12 billion, a decrease of 38.20% year-over-year; Q3 net profit was RMB 341.5 million, down 34.33% year-over-year.

  • The decline in profit was mainly due to lower coal prices during the reporting period.

Financial highlights

  • Operating income for the first nine months: RMB 16.96 billion, down 8.85% year-over-year.

  • Total profit for the first nine months: RMB 1.96 billion, down 30.75% year-over-year.

  • Net cash flow from operating activities: RMB 714.8 million, down 61.62% year-over-year.

  • Basic and diluted EPS for the first nine months: RMB 0.31, down 38.00% year-over-year.

  • Gross margin for coal sales: RMB 4.998 billion on sales revenue of RMB 13.856 billion.

Outlook and guidance

  • The company expects continued pressure on profitability if coal prices remain low.

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Frequently asked questions

Shan Xi Hua Yang Group New Energy Co Ltd is an energy company engaged in coal mining, coal processing, and the development of new energy technologies. Its operations include the extraction, washing, and distribution of thermal and coking coal used in power generation and industrial processes. The company is also involved in initiatives related to clean energy and environmental protection, supporting the transition toward more sustainable energy sources. Shan Xi Hua Yang Group New Energy Co Ltd primarily serves customers in China’s energy and industrial sectors. The company is headquartered in Linfen, China, and its shares are listed on the SSE.

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