China Coal Energy Company (1898) Q3 2025 earnings summary

Executive summary

• Operational revenue for the first nine months of 2025 was RMB110.58 billion, down 21.2% year-over-year, with net profit attributable to shareholders at RMB12.48 billion, a 14.6% decrease year-over-year.

• Coal operations saw a 24.2% drop in sales revenue and a 23.0% decrease in gross profit compared to the same period last year.

• Production and sales volumes of commercial coal declined, with proprietary coal trading volumes down 13.1% year-over-year.

Financial highlights

• Total profit for the first nine months was RMB18.91 billion, down 22.9% year-over-year.

• Net cash flows from operating activities were RMB21.11 billion, an 18.0% decrease year-over-year.

• Basic and diluted EPS for the period were both RMB0.94, down 14.5% year-over-year.

• Total assets at period end were RMB366.80 billion, up 2.5% from the previous year-end.

Outlook and guidance

• The company continues to focus on cost control and production optimization to mitigate the impact of lower coal prices and demand.