hbky(SH:600985) Xin Lang Cai Jing·2025-08-27 07:29Core Viewpoint - Huabei Mining's net profit attributable to shareholders for the first half of 2025 is projected to be 1.032 billion yuan, a year-on-year decrease of 64.85% [1] Financial Performance - In Q2 2025, the net profit attributable to shareholders is expected to be 340 million yuan, down 74.72% year-on-year [1] - For H1 2025, the company’s coal production and sales are 8.91 million tons and 6.48 million tons, respectively, representing a year-on-year decline of 13.7% and 19.4% [1] - In Q2 2025, coal production and sales are 4.6 million tons and 3.5 million tons, showing a year-on-year decrease of 9.6% and 12.5%, but a quarter-on-quarter increase of 6.8% and 17.9% [1] Asset and Project Development - The Zhuzhuang coal mine has completed filling and has passed inspection by the Anhui Provincial Energy Bureau, with total assets of 350 million yuan as of June 30, 2025, primarily consisting of internal debts of 282 million yuan and land valued at 51 million yuan [1] - The closure of the mine is not expected to significantly impact the company's performance [1] - The company is accelerating the construction of the Tao Hutu mine to ensure the completion of the main shaft and equipment installation by the end of 2025 [1] - The company is also advancing the construction of a 2×660MW ultra-supercritical coal-fired power generation project, aiming for "dual machine dual investment" by the end of the year [1] Non-Coal Business - The company continues to advance its non-coal business initiatives [1] - The investment rating is maintained at "Buy" [1]