Henan Shenhuo Coal Industry and Electricity Power (000933) Q2 2026 earnings summary

Executive summary

• Achieved significant growth in revenue and net profit in H1 2026, driven by higher prices for coal and electrolytic aluminum, and lower alumina costs.

• Maintained full production and sales across major product lines, with coal, aluminum, and aluminum foil all exceeding 50% of annual targets.

• Enhanced profitability through cost control, logistics optimization, and increased operational efficiency.

Financial highlights

• Operating revenue reached ¥24.79 billion, up 21.35% year-over-year.

• Net profit attributable to shareholders was ¥4.78 billion, up 151.06% year-over-year.

• Basic and diluted EPS both at ¥2.16, up over 151% year-over-year.

• Net cash flow from operating activities was ¥7.20 billion, up 62.29% year-over-year.

• Total assets at period-end were ¥55.87 billion, up 14.35% from year-end 2025.

Outlook and guidance

• Expects continued high prices for coal and electrolytic aluminum in H2 2026, supported by tight supply-demand and policy factors.

• Will focus on cost control, efficiency improvements, and advancing key projects to sustain growth.

• Ongoing expansion in high-end aluminum foil and green energy projects.