Shanxi Lu'an Environmental Energy Development (601699) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 reached RMB 15.01 billion, up 6.68% year-over-year, with net profit attributable to shareholders at RMB 1.78 billion, a 31.85% increase year-over-year.

• Operating cash flow turned positive to RMB 415 million from a negative RMB 861 million in H1 2025.

• The company maintained stable production and sales, with 27.06 million tons of raw coal produced and 24.04 million tons of commercial coal sold.

• Gross margin improved due to higher average selling prices and effective cost control.

Financial highlights

• Operating income: RMB 15.01 billion (+6.68% YoY).

• Net profit attributable to shareholders: RMB 1.78 billion (+31.85% YoY).

• Basic and diluted EPS: RMB 0.59 (+31.11% YoY).

• Net cash from operating activities: RMB 415 million (vs. -RMB 861 million YoY).

• Gross margin on commercial coal sales: 41.1%.

Outlook and guidance

• The company will focus on core business, cost control, and efficiency improvement amid industry volatility.

• Plans to continue expanding resource reserves and production capacity, with new mining projects approved and under construction.

• Emphasis on intelligent mining, compliance, and ESG practices to support long-term growth.