Zheng Quan Zhi Xing·2025-08-13 16:24Core 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]