Shang Hai Zheng Quan Bao·2025-08-13 18:47Core Viewpoint - The company expects a significant decrease in net profit for the first half of 2025, primarily due to a decline in coal prices despite operational optimizations and cost management efforts [1][5]. Financial Performance Forecast - The company anticipates a net profit attributable to shareholders of approximately 4.65 billion yuan for the first half of 2025, a decrease of about 2.9 billion yuan or 38% compared to the same period last year [2][3]. - The expected net profit, excluding non-recurring gains and losses, is around 4.4 billion yuan, also reflecting a decrease of about 2.9 billion yuan or 39% year-on-year [2][4]. Previous Year Performance - In the same period last year, the net profit attributable to shareholders was 7.6 billion yuan [3]. - The net profit, excluding non-recurring gains and losses, was 7.3 billion yuan [4]. Reasons for Performance Change - The company has optimized production organization and increased capacity, which has helped mitigate some impacts of falling coal prices. However, the overall supply-demand balance in the coal market has led to a significant drop in coal prices, adversely affecting net profit [5]. - The company plans to adapt to market changes by optimizing production, enhancing cost management, and expanding marketing channels to create value for investors [5]. Other Important Notes - The financial data provided is preliminary and subject to final confirmation in the official half-year report for 2025 [8]. - The company completed the acquisition of a 51% stake in Northwest Mining in July 2025, which will be included in the consolidated financial statements from that date [8].