DTCIC(SH:601001) Ge Long Hui·2025-08-29 06:12Core Viewpoint - The report from Xinda Securities indicates that Jinkong Coal achieved a net profit attributable to shareholders of 876 million yuan in the first half of the year, representing a year-on-year decline of 39.01% [1] Financial Performance - In Q2, the net profit attributable to shareholders was 364 million yuan, down 44.55% year-on-year [1] - The coal sales volume slightly decreased due to the impact of market coal prices being lower than long-term contract prices [1] - The average selling price of commercial coal was 422 yuan per ton, a decrease of 14.8% compared to 495 yuan per ton in the same period last year [1] - The sales cost per ton of coal was approximately 261 yuan, reflecting a 2.9% year-on-year decrease due to effective cost control [1] - The gross profit per ton of coal was 161 yuan, down 29% year-on-year [1] Cost Management - The company has strengthened expense management, with management expenses decreasing by 25.70% year-on-year and financial expenses reduced by 160.73% [1] Future Outlook - The company has ample cash reserves, providing a solid foundation for future growth and shareholder returns [1] - As a listed platform for coal assets under Jinneng Holding Group, Jinkong Coal possesses high-quality coal assets, and the steady progress of asset injections indicates broad future growth potential [1]