SCIE(SH:600546) Zheng Quan Shi Bao Wang·2025-05-08 09:50Group 1 - The coal industry in A-shares experienced a decline in total operating revenue and net profit, with 2024 showing a decrease of 5.14% and 19.8% respectively, and a further decline in Q1 2025 of 18.13% and 28.18% [1] - Shanxi Coal International (600546) reported a total operating revenue of 29.561 billion yuan in 2024, down 20.9%, marking three consecutive years of decline; net profit was 2.268 billion yuan, down 46.75%, continuing a two-year downward trend [1] - The company's performance decline was attributed to a downturn in the coal market, falling coal prices, and reduced self-produced coal output and sales [1] Group 2 - Shanxi Coal International's cash flow from operating activities fell to 3.741 billion yuan in 2024, a decrease of 37.49%, reaching the lowest level since 2020 [4] - Key profitability indicators for the company, including gross profit margin, net profit margin, and diluted ROE, all hit four-year lows at 32.31%, 10.68%, and 14.82% respectively [4] - In Q1 2025, the company's operating revenue and net profit further declined by 29.17% and 56.29%, both exceeding the overall industry decline [4] Group 3 - Since reaching a historical high on February 22, 2024, Shanxi Coal International's stock price has fallen below 10 yuan per share, with a decline of over 50% from its peak [4] - The company has not issued any buyback announcements since 2024 and has not implemented any buyback since its listing; the last increase in holdings occurred in 2019 [5] - The company emphasized the importance of improving operational performance and governance, while closely monitoring national policies regarding potential buybacks or increases in holdings [5]