Core Viewpoint - Yanzhou Coal Mining Company Limited is expected to report a significant decline in net profit for the first half of 2025, with a projected net profit of approximately 4.65 billion yuan, representing a decrease of about 2.9 billion yuan or 38% compared to the same period last year [1][2] Financial Performance Summary - The estimated net profit attributable to shareholders for the first half of 2025 is approximately 4.65 billion yuan, down from 7.6 billion yuan in the same period last year, reflecting a year-on-year decrease of about 38% [1][2] - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is approximately 4.4 billion yuan, a decrease of about 2.9 billion yuan or 39% compared to the previous year [1][2] - The company completed the acquisition of a 51% stake in Northwest Mining in July 2025, and its financial statements will be consolidated from that date [3][4] Operational Insights - The company has optimized production organization and increased capacity, achieving effective release of major product capacity and cost control, which partially mitigated the impact of the cyclical decline in coal prices [2] - Despite these efforts, the overall supply-demand balance in the coal market remains loose, leading to a significant drop in coal prices and a corresponding decrease in net profit [2] - The company plans to respond proactively to market changes by optimizing production organization, enhancing cost management, and expanding marketing channels to maximize value creation for investors [2]

目前，兖矿能源主营业务除煤炭业务外，还包括煤化工以及电力业务。据了解，兖矿能源在高端化工新 材料产业发展规划方面，将加快延链增值，推进绿色低碳转型，加快推动煤炭向燃料和原料并重发展。 此外兖矿能源战略布局新疆，在做优做强鲁南化工、未来能源、荣信化工、榆林能化等4个化工园区的 基础上，建设大煤化基地，发挥煤炭成本低、品种优、易开采等优势，推动煤炭深加工和高效利用。 今年以来，煤价下行，煤炭上市公司业绩显现压力。8月13日晚，兖矿能源（600188）公告，经初步测 算，预计2025年半年度实现净利润46.5亿元，同比减少38%；预计扣非净利润44亿元，同比减少39%。 兖矿能源表示，报告期内，公司优化生产组织扩能增量，主要产品产能高效释放，挖潜增效精准发力， 成本管控取得良好效果，化工业务实现较好协同增盈，一定程度上对冲了煤炭价格周期性下行影响。但 由于煤炭供需总体宽松，煤价较同期大幅下降，影响归母净利润同比减少。 兖矿能源在近期接受投资者调研时分析指出，2025年上半年，国内主产区煤炭产能稳定释放，进口煤量 保持高位，全社会煤炭消费回落，新能源发电占比提升抑制火电需求，电厂日耗偏低、社会库存高位运 行，国内煤炭 ...

Core Viewpoint - Yanzhou Coal Mining Company (兖矿能源) expects a significant decrease in net profit for the first half of 2025, primarily due to a decline in coal prices and a generally loose supply-demand situation in the coal market [1] Financial Performance - The company anticipates a net profit attributable to shareholders of approximately 4.65 billion yuan, representing a year-on-year decrease of about 38% [1] - The expected net profit after deducting non-recurring items is around 4.4 billion yuan, which is a decrease of approximately 39% compared to the same period last year [1] Market Conditions - The decline in profit is attributed to a substantial drop in coal prices, influenced by a generally loose supply-demand balance in the coal market [1] - As of August 13, the stock price of Yanzhou Coal Mining Company was reported at 13.28 yuan per share, with a total market capitalization of approximately 133.3 billion yuan [1]

Core Viewpoint - Yanzhou Coal Mining Company (01171.HK) expects a significant decrease in net profit for the first half of 2025, projecting approximately RMB 4.65 billion, a year-on-year decline of about 38% compared to the same period last year [1] Financial Performance - The company anticipates a net profit attributable to shareholders of approximately RMB 4.4 billion after excluding non-recurring gains and losses, representing a year-on-year decrease of around 39% [1] - The expected decrease in profit is attributed to a substantial drop in coal prices due to overall supply and demand being relatively loose [1] Operational Strategy - During the reporting period, the company optimized production organization and expanded capacity, effectively releasing the capacity of main products and achieving good results in cost control [1] - The chemical business has shown good synergy and profit enhancement, which partially offset the impact of the cyclical decline in coal prices [1] Future Outlook - In the second half of the year, the company plans to actively respond to market changes by scientifically optimizing production organization and firmly releasing advantageous capacity [1] - The company aims to strengthen cost management comprehensively, maximize potential for cost reduction and efficiency enhancement, and expand marketing value-added channels to continuously explore value creation potential for investors [1]

兖矿能源（600188）(01171)公布，公司预计2025年半年度实现归属于上市公司股东的净利润约人民币 46.5亿元，与上年同期相比，减少人民币29亿元左右，同比减少38%左右;预计2025年半年度实现归属于 上市公司股东的扣除非经常性损益的净利润约人民币44亿元，与上年同期相比，减少人民币29亿元左 右，同比减少39%左右。 报告期内，公司优化生产组织扩能增量，主要产品产能高效释放，挖潜增效精准发力，成本管控取得良 好效果，化工业务实现较好协同增盈，一定程度上对冲了煤炭价格周期性下行影响。但由于煤炭供需总 体宽鬆，煤价较同期大幅下降，影响归母净利润同比减少。 下半年，公司将积极应对市场变化，科学合理优化生产组织，坚定不移释放优势产能;全面加强成本管 理，最大限度挖潜降本增效;拓展营销增值渠道，持续挖掘价值创造潜能，为广大投资者创造良好价值 回报。 ...

下半年，公司将积极应对市场变化，科学合理优化生产组织，坚定不移释放优势产能;全面加强成本管 理，最大限度挖潜降本增效;拓展营销增值渠道，持续挖掘价值创造潜能，为广大投资者创造良好价值 回报。 智通财经APP讯，兖矿能源(01171)公布，公司预计2025年半年度实现归属于上市公司股东的净利润约人 民币46.5亿元，与上年同期相比，减少人民币29亿元左右，同比减少38%左右;预计2025年半年度实现归 属于上市公司股东的扣除非经常性损益的净利润约人民币44亿元，与上年同期相比，减少人民币29亿元 左右，同比减少39%左右。 报告期内，公司优化生产组织扩能增量，主要产品产能高效释放，挖潜增效精准发力，成本管控取得良 好效果，化工业务实现较好协同增盈，一定程度上对冲了煤炭价格周期性下行影响。但由于煤炭供需总 体宽鬆，煤价较同期大幅下降，影响归母净利润同比减少。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或 完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等 內容而引致之任何損失承擔任何責任。 兗礦能源集團股份有限公司 YANKUANG ENERGY GROUP COMPANY LIMITED* ( 在中華人民共和國註冊成立的股份有限公司 ) (股份代碼: 01171) 內幕消息 2025年半年度業績預减公告 本公告乃兗礦能源集團股份有限公司（「本公司」）根據《證券及期貨條例》第XIVA部以及《香港 聯合交易所有限公司證券上市規則》第13.09(2)(a)及13.10B條的披露義務而作出。 一、本期業績預告情况（按中國會計準則計算） （一） 業績預告期間 2025年1月1日至2025年6月30日。 報告期內，本公司優化生產組織擴能增量，主要產品產能高效釋放，挖潜增效精准發力，成本 管控取得良好效果，化工業務實現較好協同增盈，一定程度上對沖了煤炭價格周期性下行影響。 但由於煤炭供需總體寬鬆，煤價較同期大幅下降，影響歸母淨利潤同比减少。 下半年，本公司將積極應對市場變化，科學合理優化生產組織，堅定不 ...

Core Viewpoint - Yanzhou Coal Mining Company expects a significant decline in net profit for the first half of 2025, primarily due to a substantial drop in coal prices and a relaxed supply-demand balance in the coal market [1] Financial Performance - The company anticipates a net profit attributable to shareholders of approximately 4.65 billion yuan for the first half of 2025, representing a decrease of about 2.9 billion yuan or 38% compared to the same period last year [1] - The expected net profit, excluding non-recurring gains and losses, is around 4.4 billion yuan, which is a reduction of approximately 2.9 billion yuan or 39% year-on-year [1] Market Conditions - The primary reason for the profit decline is the significant decrease in coal prices year-on-year, influenced by a relaxed supply-demand situation in the coal market [1] Mitigation Strategies - The company has implemented measures such as optimizing production organization, releasing capacity, enhancing cost control, and improving synergy in its chemical business to partially offset the impact of falling coal prices [1]

[Current Period Performance Forecast](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) The company forecasts a significant year-on-year decline in H1 2025 net profit attributable to shareholders to approximately 4.65 billion CNY, a 38% decrease H1 2025 Performance Forecast (vs. Prior Year) | Metric | H1 2025 (Estimated) | H1 2024 (Statutory Disclosure) | Year-on-Year Change (CNY) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | Approx. 4.65 billion | 7.6 billion | Decrease of approx. 2.9 billion | Decrease of approx. 38% | | Non-recurring Net Profit Attributable to Shareholders | Approx. 4.4 billion | 7.3 billion | Decrease of approx. 2.9 billion | Decrease of approx. 39% | - The company consolidated Shandong Energy Group Northwest Mining Co., Ltd. ("Northwest Mining") in July 2025 and will retrospectively adjust financial data for prior years and from January 2025[3](index=3&type=chunk)[9](index=9&type=chunk) [Prior Period Performance](index=2&type=section&id=Item%20II.%20Prior%20Period%20Performance) The company disclosed H1 2024 performance as a benchmark, with net profit attributable to shareholders at 7.6 billion CNY, and retrospectively adjusted prior period EPS due to stock dividends H1 2024 Performance Review | Metric | Amount/Value | | :--- | :--- | | Net Profit Attributable to Shareholders | 7.6 billion CNY | | Non-recurring Net Profit Attributable to Shareholders | 7.3 billion CNY | | Retrospectively Adjusted EPS | 0.79 CNY/share | [Analysis of Performance Change Reasons](index=2&type=section&id=Item%20III.%20Reasons%20for%20Current%20Period%20Performance%20Change) The significant year-on-year performance decline is primarily due to loose coal market supply and demand, leading to a substantial drop in coal prices, partially offset by operational optimizations and cost controls - The performance decline is primarily attributed to overall loose coal supply and demand, resulting in a significant year-on-year decrease in coal prices[7](index=7&type=chunk) - The company partially mitigated the impact of falling coal prices through optimized production, precise efficiency improvements, enhanced cost control, and synergistic gains from chemical operations[7](index=7&type=chunk) - The company plans to actively respond to market changes in H2 by leveraging advantageous capacity, strengthening cost management, and expanding marketing channels to create shareholder value[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=Item%20IV.%20Risk%20Warning) The company confirms no material uncertainties exist that would affect the accuracy of this performance forecast as of the announcement date - The company confirms there are currently no material uncertainties affecting the accuracy of this performance forecast[8](index=8&type=chunk) [Other Explanations](index=3&type=section&id=Item%20V.%20Other%20Explanations) The company emphasizes that the forecast data is preliminary, with final figures subject to the official H1 2025 report, and confirms the July 2025 acquisition of Northwest Mining, requiring retrospective financial adjustments - The performance data disclosed is preliminary, with final results subject to the official semi-annual report[9](index=9&type=chunk) - The company completed the acquisition of **51% equity** in Northwest Mining on July 11, 2025, and will consolidate its financial statements from July, with retrospective adjustments in the Q3 report[9](index=9&type=chunk)

报告期内，兖矿能源优化生产组织扩能增量，主要产品产能高效释放，挖潜增效精准发力，成本管控取 得良好效果，化工业务实现较好协同增盈，一定程度上对冲了煤炭价格周期性下行影响。但由于煤炭供 需总体宽松，煤价较同期大幅下降，影响归母净利润同比减少。 智通财经APP讯，兖矿能源(600188.SH)发布公告，公司预计2025年半年度实现归属于上市公司股东的 净利润约46.5亿元，与上年同期(法定披露数据)相比，减少29亿元左右，同比减少38%左右。 ...