永泰能源(600157) - 2025 Q2 - 季度业绩预告

Key Highlights Yongtai Energy Group anticipates a substantial decline in H1 2025 net profit, both attributable and non-recurring, despite stable core operations and strong operating cash flow - In the first half of 2025, the company's core power and coal businesses operated normally, with an expected operating net cash flow exceeding CNY 2.7 billion[2] Key Financial Performance Indicators for H1 2025 (vs. Prior Year) | Indicator | H1 2025 (Forecast, million CNY) | H1 2024 (Statutory Disclosure, million CNY) | Year-on-Year Change (Amount, million CNY) | Year-on-Year Change (%) | | :------------------------------------------------- | :------------------------------ | :------------------------------------------ | :---------------------------------------- | :---------------------- | | Net Profit Attributable to Shareholders of the Listed Company | 120 ~ 150 | 1,189.49 | -1,069.49 ~ -1,039.49 | -89.91% ~ -87.39% | | Net Profit Attributable to Shareholders of the Listed Company, Excluding Non-Recurring Gains and Losses | 90 ~ 120 | 1,111.97 | -1,021.97 ~ -991.97 | -91.91% ~ -89.21% | I. Current Period Performance Forecast This chapter outlines the H1 2025 performance forecast period, detailing expected net profit ranges and year-on-year changes, noting the unaudited nature of the forecast 1. Performance Forecast Period - The performance forecast period is from January 1, 2025, to June 30, 2025[3] 2. Performance Forecast Details H1 2025 Performance Forecast Details | Indicator | Estimated Amount (million CNY) | Year-on-Year Decrease (million CNY) | Year-on-Year Decrease (%) | | :------------------------------------------------- | :----------------------------- | :---------------------------------- | :------------------------ | | Net Profit Attributable to Shareholders of the Listed Company | 120 ~ 150 | 1,069.49 ~ 1,039.49 | 89.91% ~ 87.39% | | Net Profit Attributable to Shareholders of the Listed Company, Excluding Non-Recurring Gains and Losses | 90 ~ 120 | 1,021.97 ~ 991.97 | 91.91% ~ 89.21% | 3. Unaudited Nature of Forecast - This performance forecast has not been audited by a certified public accountant[3] II. Prior Period Operating Performance and Financials This chapter presents the actual operating performance and financial data for H1 2024, serving as the comparative baseline for the H1 2025 forecast 1. H1 2024 Total Profit H1 2024 Key Profit Indicators | Indicator | Amount (million CNY) | | :------------------------------------------------- | :------------------- | | Total Profit | 2,014.17 | | Net Profit Attributable to Shareholders of the Listed Company | 1,189.49 | | Net Profit Attributable to Shareholders of the Listed Company, Excluding Non-Recurring Gains and Losses | 1,111.97 | 2. H1 2024 Earnings Per Share - Earnings Per Share for the first half of 2024 was CNY 0.0535[6] III. Main Reasons for Current Period Performance Change This chapter explains the primary drivers behind the significant H1 2025 performance decline, including market price drops and temporary operational disruptions, alongside the company's mitigation strategies - Primary reasons for the performance decline include: - Coal Business: A sustained downward trend in the overall market price of coking coal products - Power Business: A temporary decrease in power generation due to the company's main power plant in Jiangsu undergoing a cumulative approximately 52-day shutdown for line construction in preparation for the commissioning of Guoxin Shazhou Phase III[7] - Company's countermeasures include: - Overall Strategy: Closely monitoring market changes, ensuring stable production and operations through refined management and standardized operations, and implementing measures for cost reduction, efficiency improvement, and quality enhancement - Power Segment: Sustaining improving operational status and steadily increasing profitability through intelligent and flexible upgrades, maximizing power generation, increasing heat supply, and participating in peak-shaving ancillary services - Coal Segment: Strengthening safety production management, vigorously promoting intensive and intelligent production, improving single-unit output and efficiency levels, and prioritizing the extraction of high-quality and profitable coal while maintaining stable output[7] IV. Risk Warning This chapter states that there are no significant uncertainties affecting the accuracy of the current performance forecast - The company has no significant uncertainties that would affect the accuracy of this performance forecast[8] V. Other Explanatory Matters This chapter advises investors that the forecast data is preliminary, with final financial figures subject to the official H1 2025 report, and includes an investment risk alert - The data in this forecast is preliminary; the specific and accurate financial data will be subject to the company's officially disclosed H1 2025 report[9] - Investors are kindly advised to be aware of investment risks[9]