Mei Ri Jing Ji Xin Wen·2025-10-27 15:50Core Viewpoint - China Coal Energy's financial performance in the first three quarters of 2025 shows significant declines in both revenue and net profit, primarily due to falling coal prices and sales volumes [1][2]. Group 1: Financial Performance - For the first three quarters of 2025, China Coal Energy reported revenue of 110.58 billion yuan, a year-on-year decrease of 21.2%, and a net profit attributable to shareholders of 12.49 billion yuan, down 14.6% [1][2]. - The third quarter alone saw revenue of 36.15 billion yuan, reflecting a 23.8% decline compared to the same period last year [2]. - The coal business, which is the core segment, generated revenue of 89.33 billion yuan, a drop of 24.2% year-on-year [1][2]. Group 2: Coal Sales Dynamics - The average selling price of self-produced coal decreased by 97 yuan/ton to 474 yuan/ton, a decline of 17.0%, while the average price for bought-in trade coal fell by 129 yuan/ton to 469 yuan/ton, a drop of 21.6% [2]. - Self-produced coal sales volume slightly increased by 1.1% to 101.45 million tons, whereas bought-in trade coal sales volume decreased by 13.1% to 87.85 million tons [2]. Group 3: Strategic Acquisition - In response to the challenges in traditional energy, China Coal Energy's wholly-owned subsidiary, Pinglu Group, plans to acquire a 30% stake in Shanxi China Coal Pinglu New Energy Co., Ltd. for 115 million yuan [3]. - The new energy company, established in May 2022, focuses on renewable energy generation and related services, and has shown rapid profit growth, with after-tax profits increasing from 8.78 thousand yuan in 2023 to over 1.11 million yuan in the first eight months of 2025 [3]. - The acquisition is expected to streamline ownership and management, enhancing the integration of new energy initiatives within the Pinglu mining area and promoting green and low-carbon development [3].