Huaibei Mining (600985) Q1 2025 earnings summary

Executive summary

• Revenue for Q1 2025 was RMB 10.57 billion, down 39% year-over-year due to declines in coal production and prices.

• Net profit attributable to shareholders was RMB 691.53 million, a 56.5% decrease year-over-year.

• Cash flow from operating activities dropped 72.87% year-over-year to RMB 440 million.

Financial highlights

• Operating income: RMB 10.57 billion, down from RMB 17.32 billion in Q1 2024.

• Net profit attributable to shareholders: RMB 691.53 million, down from RMB 1.59 billion.

• Basic EPS: RMB 0.26, down from RMB 0.64.

• Weighted average ROE: 1.62%, down 2.54 percentage points year-over-year.

• Total assets at quarter-end: RMB 88.09 billion, up 0.4% from year-end 2024.

• Shareholders’ equity: RMB 43.05 billion, up 1.56% from year-end 2024.

Outlook and guidance

• Profitability was significantly impacted by lower coal output and prices, with management citing these as the main reasons for the decline.