PJRC(SH:600395) Zheng Quan Zhi Xing·2025-08-25 17:04Core Viewpoint - The company reported a significant decline in net profit and overall financial performance for the first half of 2025, primarily due to falling coal prices and market conditions [3][4]. Financial Performance - The company's operating revenue for the reporting period was 5,151,976,618.48 CNY, representing a year-on-year increase of 27.34% [3]. - The total profit amounted to 20,658,903.80 CNY, a decrease of 80.75% compared to the previous year [3]. - The net profit attributable to shareholders was -5,095,068.18 CNY, reflecting a 113.67% decrease year-on-year [3][4]. - The weighted average return on net assets was -0.049%, down by 0.375 percentage points [3]. Production and Sales - The company produced 5.1537 million tons of commercial coal and sold 3.9471 million tons during the first half of 2025 [4]. - The average on-grid electricity price was 0.3656 CNY per kilowatt-hour (excluding tax) [4]. Strategic Initiatives - The company focused on five key areas to enhance safety and operational efficiency, including "one-time completion" of mining tunnels and improved gas extraction techniques [4][5]. - Environmental initiatives included reducing carbon emissions through advanced power generation technologies and achieving 100% compliance in mine water discharge [5]. - The company is advancing coal-electricity integration and expanding its coal production capacity while enhancing the quality and economic benefits of its products [5][6]. Governance and Management - The company held seven board meetings and one shareholders' meeting during the reporting period, ensuring compliance with governance standards [7]. - The governance structure was updated to eliminate the supervisory board, transferring its responsibilities to the audit committee of the board [7]. - Investor relations were strengthened through various engagement activities, including performance briefings and site visits [7].