Huaibei Mining (600985) Q2 2026 earnings summary

Executive summary

• Achieved revenue of ¥21.39 billion, up 3.76% year-over-year; net profit attributable to shareholders rose 20.11% to ¥1.24 billion.

• Coal, coke, and ethanol volumes and prices increased, driving core business growth.

• Major power project (2×660MW coal-fired units) entered commercial operation, expanding integrated coal-power capacity.

• R&D investment reached ¥852 million, with multiple projects winning provincial science awards.

Financial highlights

• Operating income: ¥21.39 billion (+3.76% YoY); net profit: ¥1.24 billion (+20.11% YoY).

• Operating cash flow: ¥2.39 billion (+12.19% YoY); total assets: ¥91.72 billion (+3.02% from year-end).

• Basic/diluted EPS: ¥0.46 (+21.05% YoY); gross margin improved due to product mix and cost control.

• Net assets attributable to shareholders: ¥42.23 billion (+1.89% from year-end).

Outlook and guidance

• Coal market expected to remain in tight supply-demand balance in H2 2026, with prices stable to firm.

• Company will continue to focus on quality improvement, efficiency, and shareholder returns.

• Ongoing expansion in coal, power, and non-coal mining, with several major projects progressing on schedule.