中信证券:下半年煤价中枢较第二季度或有显著提升
Ge Long Hui A P P·2025-09-02 01:34

Group 1 - The core viewpoint of the article indicates that despite improved cost control among coal companies, the net profit of sample companies decreased by approximately 32% year-on-year in the first half of the year, and there was a 15% quarter-on-quarter decline in the second quarter [1] - The decline in performance has led to increased mid-term dividend activity within the sector, reflecting the leading companies' commitment to returning value to investors [1] - Looking ahead to the second half of the year, the industry supply-demand dynamics may improve overall, with a significant increase in coal price levels compared to the second quarter, and a notable improvement in third-quarter performance is anticipated [1] Group 2 - The implementation of "anti-involution" policies may serve as a key catalyst for the sector's performance [1]

CITIC Securities Co., Ltd.-中信证券:下半年煤价中枢较第二季度或有显著提升 - Reportify