Yankuang Energy Group Company (1171) Q3 2026 earnings summary

Executive summary

• 9M 2026 operating revenue was RMB117.504bn, up 11.3% YoY; profit attributable to shareholders was RMB11.117bn, up 55.9% YoY.

• Q3 revenue reached RMB41.857bn, up 8.4% YoY; attributable profit was RMB3.968bn, up 73.3%, with coal-product profit growth cited as the main driver.

• Results were unaudited and prepared under PRC Accounting Standards for Business Enterprises.

Financial highlights

• 9M total profit was RMB20.299bn versus RMB13.803bn after adjustment, up 47.1%; net profit was RMB16.739bn versus RMB11.155bn.

• 9M net profit attributable to shareholders, excluding extraordinary items, was RMB8.544bn, up 31.1% YoY; reported attributable profit was RMB11.117bn, up 55.9%.

• 9M operating costs were RMB94.668bn versus RMB78.638bn; operating profit was RMB20.835bn versus RMB13.661bn.

• Net cash from operating activities was RMB25.486bn, up 29.8% YoY; cash and cash equivalents closed at RMB43.139bn versus RMB34.489bn.

Segment performance

• Coal: 9M salable production was 131.791Mt, down 3.0%; sales were 126.030Mt, down 0.3%, while coal revenue rose 16.4% to RMB74.595bn.

• Coal: average sales price was RMB591.88/t versus RMB507.06/t; sales cost was RMB44.673bn, up 8.3%, and self-produced coal cost was RMB342.94/t, up 7.4%.

• Coal chemicals: 9M production fell 3.7% to 7.072Mt and sales fell 2.0% to 6.309Mt; revenue was RMB20.061bn versus RMB18.526bn.

• Power: 9M generation declined 11.9% to 503,725 units of 10,000 kWh and sales fell 10.3% to 415,726; revenue was RMB1.498bn versus RMB1.774bn.