PJRC(SH:600395) Zheng Quan Zhi Xing·2025-07-11 08:10Core Viewpoint - Guizhou Panjiang Coal Industry Co., Ltd. reported significant changes in its production and operational data for the first half of 2025, indicating both growth in coal production and a decline in sales revenue [1]. Production and Sales Data - The company's coal production reached 5.15 million tons in the first half of 2025, a 15.27% increase compared to 4.47 million tons in the same period of 2024 [1]. - Coal sales amounted to 5.10 million tons, reflecting a 13.32% increase from 4.50 million tons year-on-year [1]. - Self-use coal consumption surged by 169.75%, rising to 1.15 million tons from 0.43 million tons [1]. - External coal sales decreased by 3.10%, totaling 3.95 million tons compared to 4.07 million tons in the previous year [1]. Financial Performance - Revenue from external coal sales dropped by 24.75%, amounting to CNY 256.08 million, down from CNY 340.32 million [1]. - The cost of external coal sales also decreased by 22.79%, totaling CNY 202.58 million compared to CNY 262.37 million [1]. - Gross profit from coal sales fell by 31.36%, reaching CNY 53.50 million, down from CNY 77.95 million [1]. Power Generation Data - The total power generation was 7.13 million MWh, a significant increase of 380.01% from 1.49 million MWh in the first half of 2024 [1]. - The grid-connected power generation was 6.69 million MWh, up 375.23% from 1.41 million MWh year-on-year [1]. - Thermal power generation saw a remarkable increase of 532.05%, reaching 5.91 million MWh compared to 0.94 million MWh in the previous year [1]. - Renewable energy generation increased by 64.61%, totaling 0.78 million MWh, up from 0.47 million MWh [1]. Pricing Information - The average grid-connected electricity price was CNY 0.3656 per kWh (excluding tax), showing a slight decrease of 0.57% from CNY 0.3677 [1].