Inner Mongolia Yitai Coal ( 900948) Q2 2026 earnings summary

Executive summary

• Achieved revenue of RMB 23.58 billion in H1 2026, up 13.51% year-over-year; net profit attributable to shareholders reached RMB 4.47 billion, up 82.45% year-over-year.

• Coal, coal chemical, and oil & gas segments all contributed to growth; coal sales reached 31.89 million tons, coal chemical products 739,700 tons.

• Maintained strong cost control, safety, and environmental compliance; no major safety or environmental incidents.

• Board proposes interim cash dividend of RMB 1.5 per share, total payout RMB 4.39 billion.

Financial highlights

• Operating income: RMB 23.58 billion (+13.51% YoY); net profit: RMB 4.47 billion (+82.45% YoY).

• Operating cash flow: RMB 3.39 billion (-13% YoY); basic EPS: RMB 1.52 (+80.95% YoY).

• Gross margin: 31.98% (up 3.61 p.p. YoY); net assets: RMB 47.19 billion (-2.62% from year-end 2025).

• Total assets: RMB 118.91 billion (-3.55% from year-end 2025).

• Non-recurring gains (mainly asset disposals): RMB 1.47 billion after tax.

Outlook and guidance

• Management expects continued stable coal demand, with coal chemical and overseas oil & gas as growth drivers.

• Ongoing focus on cost control, digital transformation, and safety; major projects (e.g., coal-to-liquids, new chemical plants) progressing on schedule.

• Board remains committed to high dividend payout and shareholder returns.