WTECL(SH:600157) Xin Lang Cai Jing·2025-08-28 12:25Group 1 - The company reported a significant decline in revenue and net profit for the first half of 2025, with revenue at 10.676 billion yuan, down 26.44% year-on-year, and net profit at 126 million yuan, down 89.41% year-on-year [1] - In Q2 2025, the company achieved revenue of 5.035 billion yuan, a decrease of 29.98% year-on-year and 10.74% quarter-on-quarter, with net profit of 75 million yuan, down 89.63% year-on-year but up 47.06% quarter-on-quarter [1] Group 2 - The coal production and sales remained stable, but profitability in Q2 was pressured by price fluctuations; however, a rebound in prices is expected to benefit the company in Q3 [2] - The average revenue per ton of coal for the first half of 2025 was 367.87 yuan/ton, down 54.45% year-on-year, while Q2 revenue per ton was 345.19 yuan/ton, down 52.96% year-on-year [2] - The gross profit per ton of coal for the first half was 85.88 yuan/ton, down 80.39% year-on-year, and for Q2 it was 65.01 yuan/ton, down 83.08% year-on-year [2] Group 3 - The integration of coal and electricity operations has shown a stabilizing effect on performance, with the Haizetang coal mine project expected to significantly improve company performance upon completion [3] - As of June 2025, the Haizetang coal mine project had completed 65% of its underground phase two construction, with over 11,000 meters of roadway completed [3] Group 4 - The company anticipates net profits of 368 million yuan, 675 million yuan, and 1.506 billion yuan for the years 2025, 2026, and 2027 respectively, driven by the progress of the Haizetang coal project and improved electricity business margins [4] - The company adheres to a development strategy of "coal and electricity as the foundation, energy storage as the wings," focusing on both organic and external growth while emphasizing reasonable shareholder returns [4]