Summary of Key Points Core Viewpoint - China Qinfa (00866) anticipates a post-tax loss of no more than RMB 168 million for the six months ending June 30, 2025, compared to a post-tax profit of RMB 60.8 million for the same period in 2024 [1] Financial Performance - The company expects a post-tax loss of up to RMB 200 million from discontinued operations and a post-tax profit of no more than RMB 32 million from continuing operations during the same period [1] - The increase in post-tax loss is primarily due to a decline in average coal sales prices compared to the same period in 2024 [1] - The production of raw coal from discontinued operations decreased from 3.67 million tons for the six months ending June 30, 2024, to 2.07 million tons for the current period [1] - The production of raw coal from continuing operations increased from 760,000 tons for the six months ending June 30, 2024, to 2.05 million tons for the current period [1] Currency Impact - The company's post-tax loss is also attributed to the depreciation of the Indonesian Rupiah against the Renminbi and US Dollar, resulting in foreign exchange losses of approximately RMB 70.8 million from monetary items [1]
中国秦发(00866)发盈警，预期中期除税后亏损不多于1.68亿元