Huaibei Mining (600985) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was RMB 20.61 billion, down 44.64% year-over-year due to lower coal and coal chemical prices and sales volumes.

• Net profit attributable to shareholders was RMB 1.03 billion, a 67.02% decrease year-over-year.

• The company maintained stable operations amid a weak coal market, focusing on cost control, efficiency, and technological innovation.

• No interim dividend or capital reserve transfer was proposed for the period.

Financial highlights

• Operating income: RMB 20.61 billion, down 44.64% year-over-year.

• Net profit attributable to shareholders: RMB 1.03 billion, down 67.02% year-over-year.

• Operating cash flow: RMB 2.13 billion, down 60.63% year-over-year.

• Basic EPS: RMB 0.38, down 66.37% year-over-year.

• Gross margin and net margin both declined significantly due to lower product prices and sales.

Outlook and guidance

• The company expects coal prices to remain stable but under pressure, with demand supported by manufacturing and infrastructure.

• Risks remain from macroeconomic fluctuations, policy changes, and energy transition.

• Focus will remain on cost control, efficiency, and advancing key projects.