China Coal Energy Company (1898) Q3 2026 earnings summary

Executive summary

• 9M revenue rose 4.6% YoY to RMB115.636bn and attributable net profit increased 2.1% to RMB12.749bn; higher coal selling prices supported results as volumes declined.

• Q3 revenue increased 17.6% YoY to RMB42.500bn, while attributable net profit fell 3.8% to RMB4.599bn.

Financial highlights

• Q3 total profit was RMB7.380bn, up 5.9% YoY; net profit attributable to shareholders, excluding non-recurring items, was RMB4.590bn, down 3.2%.

• 9M net profit attributable to shareholders, excluding non-recurring items, rose 6.0% YoY to RMB13.134bn; operating cash flow increased 6.9% to RMB22.575bn.

• 9M non-recurring gains and losses totaled a net loss of RMB384.927m, including non-operating expenses such as asset write-offs and late payment surcharges.

Segment performance

• Coal operations 9M sales revenue rose 4.2% to RMB93.050bn and gross profit increased 9.3% to RMB24.616bn; sales cost rose 2.4% to RMB68.434bn.

• Self-produced coal revenue increased 8.3% to RMB52.107bn as the selling price rose RMB83/tonne; sales volume fell 7.7% to 9.359m tonnes.

• Proprietary coal trading revenue declined 1.0% to RMB40.752bn; sales volume fell 20.2% to 7.007m tonnes despite a RMB113/tonne increase in selling price.

• Polyolefin sales volume rose 17.6% to 1.157m tonnes and selling price increased 10.9%; urea volume fell 2.9%, while methanol volume rose 1.7%.

• Coal mining equipment output value fell 22.3% YoY to RMB5.60bn for 9M.