Core Viewpoint - Shougang Resources (00639.HK) reported a significant decline in its mid-year performance for 2025, with revenues dropping by 17% year-on-year, primarily due to a substantial decrease in the average selling price of premium coking coal [1] Financial Performance - The company's revenue for the first half of 2025 was HKD 2.101 billion, a decrease of 17% compared to the previous year [1] - Gross profit fell to HKD 642 million, down 55% year-on-year [1] - Profit attributable to shareholders was HKD 404 million, a decline of 52%, with basic earnings per share at HKD 0.0794 [1] - The company proposed an interim dividend of HKD 0.06 per ordinary share [1] Operational Highlights - The decrease in revenue was mainly attributed to a 45% year-on-year drop in the average selling price of premium coking coal, which offset a 16% increase in sales volume and the positive impact of newly established coal trading operations [1] - The group produced approximately 2.64 million tons of raw coking coal, an increase of 17% year-on-year, with premium coking coal production rising by 19% to about 1.54 million tons [1] - Premium coking coal sales volume increased by 16% year-on-year, although the sales growth was less than production due to inventory changes as of June 30, 2025 [1] - Premium coking coal sales accounted for 100% of the group's revenue, aligning with the company's long-term strategy focused on premium coking coal sales [1] - The company also ventured into coal trading, achieving a trading volume of approximately 570,000 tons, which contributed to diversifying the group's revenue sources [1]
首钢资源(00639.HK)上半年纯利跌52%至4.04亿港元 中期股息6港仙