Guanghui Energy (600256) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was ¥15.75 billion, down 8.70% year-over-year; net profit attributable to shareholders was ¥853 million, down 40.67% year-over-year.

• Operating cash flow increased 7.59% year-over-year to ¥2.82 billion.

• Total assets at period end were ¥54.50 billion, down 4.30% from the previous year-end.

• The company continued to expand its coal, oil, and gas integrated energy business, with significant investments in coal mining, LNG, and coal chemical projects.

Financial highlights

• Revenue: ¥15.75 billion, -8.70% year-over-year.

• Net profit attributable to shareholders: ¥853 million, -40.67% year-over-year.

• Operating cash flow: ¥2.82 billion, +7.59% year-over-year.

• Basic EPS: ¥0.1302, -40.58% year-over-year.

• Net assets attributable to shareholders: ¥23.70 billion, -11.97% from previous year-end.

• EBITDA/Total Debt: 0.14; interest coverage ratio: 3.30.

Outlook and guidance

• The company expects continued pressure on profitability due to weak demand and price declines in coal, LNG, and coal chemical products.

• Strategic focus remains on expanding coal production, modernizing coal chemical operations, and developing clean energy and CCUS projects.