Shanxi Lu'an Environmental Energy Development (601699) Q3 2026 earnings summary

Executive summary

• Q3 revenue was RMB 7.178bn, up 2.09% YoY; net income attributable to shareholders was RMB 920.9m, up 313.53% YoY.

• For 9M 2026, revenue reached RMB 22.187bn, up 5.15% YoY, while attributable net income rose 71.78% to RMB 2.699bn.

Financial highlights

• 9M total profit was RMB 3.738bn, up 96.42% YoY; net income excluding non-recurring items was RMB 2.723bn, up 100.34%.

• 9M operating cash flow was RMB 2.304bn, down 13.97% YoY; total assets were RMB 82.770bn, up 3.93% from year-end 2025.

• Q3 net income excluding non-recurring items was RMB 1.006bn, up 374.50% YoY; basic and diluted EPS were RMB 0.31.

Segment performance

• 9M raw coal production was 36.88m tonnes and commercial coal sales were 32.31m tonnes; average comprehensive selling price was RMB 649.22/tonne.

• Commercial coal sales revenue was RMB 20.978bn, sales cost RMB 11.818bn and sales gross profit RMB 9.160bn.

• Mixed-coal production and sales were 14.40m and 13.95m tonnes; PCI coal production and sales were 16.24m and 16.09m tonnes.