Inner Mongolia Yitai Coal ( 900948) H1 2025 earnings summary

Executive summary

• Revenue for H1 2025 was ¥20.77 billion, down 16.71% year-over-year; net profit attributable to shareholders was ¥2.45 billion, down 24.37% year-over-year.

• Coal production reached 30.08 million tons, coal sales 36.34 million tons, and railway coal shipments 40.02 million tons in H1 2025.

• The company completed key safety, green mining, and smart mining initiatives, and maintained a strong safety and environmental record.

Financial highlights

• Operating income: ¥20.77 billion, down 16.71% year-over-year.

• Net profit attributable to shareholders: ¥2.45 billion, down 24.37% year-over-year.

• Operating cash flow: ¥3.90 billion, down 38.56% year-over-year.

• Basic EPS: ¥0.84, down 23.64% year-over-year.

• Gross margin for coal business: 27.24%, down 5.62 percentage points year-over-year.

Outlook and guidance

• Domestic coal market expected to remain under pressure with high inventory and limited price upside, but seasonal demand may drive short-term rebounds.

• Company will continue to focus on cost control, smart mining, and green transformation, and expects stable operations in H2 2025.