Zheng Quan Zhi Xing·2025-08-29 13:12Core Viewpoint - Yanzhou Coal Mining Company Limited reported a significant decline in revenue and profit for the first half of 2025 compared to the same period in 2024, indicating challenges in the coal market and operational performance [3][13]. Financial Performance - Total assets at the end of the reporting period reached CNY 375.67 billion, an increase of 4.77% from the previous year [3]. - Operating revenue for the first half of 2025 was CNY 59.35 billion, down 17.93% from CNY 72.31 billion in the same period last year [3][13]. - Total profit amounted to CNY 8.42 billion, a decrease of 39.38% compared to CNY 13.89 billion in the previous year [3][13]. - Net profit attributable to shareholders was CNY 4.43 billion, down 39.31% from CNY 7.30 billion year-on-year [3][13]. - The net cash flow from operating activities was CNY 7 billion, a significant drop from CNY 14.6 billion in the previous year [4]. Production and Sales - The company produced 73.60 million tons of commercial coal in the first half of 2025, an increase of 6.54% from 69.08 million tons in the same period of 2024 [13][14]. - Coal sales decreased by 4.51% to 64.81 million tons compared to 67.88 million tons in the previous year [13][14]. - The revenue from coal sales was CNY 34.48 billion, down 27.2% from CNY 47.35 billion year-on-year [15][17]. Shareholder Information - As of June 30, 2025, the total number of shareholders was 147,762, with Shandong Energy Group holding 52.84% of the shares [5][8]. - The company proposed a cash dividend of CNY 1.80 per 10 shares [2]. Market and Industry Context - The company's coal products are primarily sold to the power, metallurgy, chemical, and trading industries, with significant sales in China, Japan, South Korea, Thailand, and Australia [18].