SCIE(SH:600546) Zheng Quan Zhi Xing·2025-08-27 13:09Core Viewpoint - The company, Shanmei International Energy Group Co., Ltd., reported a significant decline in coal sales and revenue for the second quarter of 2025 compared to the same period in 2024, indicating challenges in the coal market and operational performance [2][3]. Group 1: Production and Sales Data - The raw coal production for Q2 2025 was 8.73 million tons, an increase of 11.04% from 7.87 million tons in Q2 2024 [2]. - The total coal sales volume decreased to 10.26 million tons, down 11.10% from 11.54 million tons in the previous year [2]. - Self-produced coal sales were 5.93 million tons, a decline of 8.15% from 6.46 million tons [2]. - Trade coal sales fell to 4.33 million tons, down 14.86% from 5.08 million tons [2]. Group 2: Financial Performance - Coal operating revenue was 5.00 billion yuan, a decrease of 33.78% from 7.55 billion yuan in Q2 2024 [2]. - Self-produced coal operating revenue dropped to 3.13 billion yuan, down 31.29% from 4.56 billion yuan [2]. - Trade coal operating revenue decreased to 1.87 billion yuan, a decline of 37.58% from 2.99 billion yuan [2]. - The gross profit was 1.51 billion yuan, down 43.02% from 2.65 billion yuan [2]. Group 3: Cost and Expenses - Coal operating costs were 3.49 billion yuan, a reduction of 28.81% from 4.91 billion yuan [2]. - Self-produced coal operating costs were 1.65 billion yuan, down 16.55% from 1.97 billion yuan [2]. - Trade coal operating costs decreased to 1.85 billion yuan, down 37.05% from 2.93 billion yuan [2]. - Taxes and additional charges amounted to 276.23 million yuan, a decrease of 38.43% from 448.65 million yuan [2]. - Selling expenses were 86.48 million yuan, down 38.32% from 140.21 million yuan [2].