Wintime Energy Group (600157) Q2 2025 earnings summary

Executive summary

• Revenue for H1 2025 was ¥10.68 billion, down 26.44% year-over-year due to lower coal prices and temporary power plant shutdowns.

• Net profit attributable to shareholders was ¥126 million, a decrease of 89.41% year-over-year.

• Cash flow from operating activities was ¥272.6 million, down 91.04% year-over-year.

• Power business maintained stable operations; coal business faced price pressure but production remained steady.

• Major progress in key projects, including accelerated construction of Haizetan coal mine and advancements in energy storage technology.

Financial highlights

• Operating income: ¥10.68 billion, down 26.44% year-over-year.

• Net profit attributable to shareholders: ¥126 million, down 89.41% year-over-year.

• Total assets: ¥107.48 billion; net assets attributable to shareholders: ¥47.02 billion.

• Basic and diluted EPS: ¥0.0058, down 89.16% year-over-year.

• Operating cash flow: ¥272.6 million, down 91.04% year-over-year.

Outlook and guidance

• Company will continue to focus on core coal and power businesses, aiming for stable production and efficiency improvements.

• Haizetan coal mine expected to begin trial production by mid-2026, with full production in 2027, boosting future performance.

• Ongoing investment in energy storage and clean energy to support long-term growth.