Pingdingshan Tianan Coal Mining (601666) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 6.34 billion, up 17.37% year-over-year, while net profit attributable to shareholders fell 20.85% to RMB 120.12 million.

• Operating cash flow decreased 6.36% year-over-year to RMB 444.40 million.

• Total assets increased 4.30% from year-end 2025 to RMB 84.45 billion.

Financial highlights

• Gross profit margin declined as operating costs rose faster than revenue.

• Basic and diluted EPS both dropped 20.72% year-over-year to RMB 0.0486.

• Net profit excluding non-recurring items was RMB 144.48 million, down 18.11% year-over-year.

• Non-recurring gains totaled RMB 2.20 million, mainly from government subsidies and financial asset disposals.

Outlook and guidance

• Management highlighted increased borrowings and prepayments for materials and long-term assets, indicating ongoing investment and expansion.