Yankuang Energy Group Company (1171) H2 2025 earnings summary

Executive summary

• Achieved net profit attributable to shareholders of RMB8.52 billion under IFRS, down 41.6% year-over-year, with revenue of RMB133.34 billion, down 5.5% year-over-year.

• Salable coal production reached a record 182 million tons, up 6.3% year-over-year; chemical products output rose 8.5% to 9.77 million tons.

• Cost control initiatives reduced per-ton coal sales cost by 7.4% year-over-year; debt-to-asset ratio improved to 62.2%.

• Total assets increased to RMB451.97 billion; return on net assets was 11.96%.

• Proposed total cash dividend of RMB0.50 per share, with a payout ratio of 60% of net profit.

Financial highlights

• Revenue: RMB133.34 billion (down 5.5% year-over-year).

• Net profit attributable to shareholders: RMB8.52 billion (down 41.6% year-over-year).

• Gross profit: RMB33.64 billion (down 28.4% year-over-year).

• Earnings per share: RMB0.85 (down from RMB1.47 in 2024).

• Net cash from operating activities: RMB16.64 billion (down 42.8% year-over-year).

• Dividend per share: RMB0.50 (60% payout ratio).

Outlook and guidance

• 2026 production target: 186–190 million tons of salable coal, 9.5–11.0 million tons of chemical products.

• Aims for further 3% reduction in coal sales cost per ton and lower methanol/acetic acid sales costs by RMB30 per ton.

• Capital expenditure budget for 2026 set at RMB19.8 billion.

• Strategic focus on expanding coal capacity, high-end chemicals, new energy, and internationalization.