Shanxi Lu'an Environmental Energy Development (601699) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 reached RMB 7.26 billion, up 4.24% year-over-year, with net profit attributable to shareholders at RMB 719 million, a 9.40% increase year-over-year.

• Operating cash flow turned positive at RMB 3.82 billion, compared to a negative RMB 2.42 billion in Q1 2025.

• Basic and diluted EPS both rose to RMB 0.24, up 9.09% year-over-year.

Financial highlights

• Total assets at quarter-end were RMB 81.78 billion, up 2.68% from year-end 2025.

• Shareholders’ equity attributable to listed company shareholders increased 2.29% to RMB 46.35 billion.

• Gross margin on coal sales was RMB 2.56 billion, with a comprehensive coal sales price of RMB 550.69/ton.

• Net profit excluding non-recurring items was RMB 701 million, up 4.29% year-over-year.

Outlook and guidance

• The company reported increased coal production and sales volumes, with 14.32 million tons of raw coal produced and 12.59 million tons of commercial coal sold in Q1 2026.