中国中煤能源股份有限公司2025年第三季度报告

Core Viewpoint - The company reported a significant decline in coal business revenue and profit for the first nine months of 2025 compared to the same period in 2024, primarily due to falling coal prices and reduced sales volume [6][8][10]. Financial Performance - For the first nine months of 2025, the coal business achieved operating revenue of 89.33 billion yuan, a decrease of 28.52 billion yuan or 24.2% compared to 117.85 billion yuan in the same period of 2024 [6][7]. - The revenue from self-produced coal sales was 48.13 billion yuan, down 9.18 billion yuan or 16.0% year-on-year, mainly due to a price drop of 97 yuan per ton [6][7]. - The operating cost for the coal business was 66.81 billion yuan, a reduction of 21.79 billion yuan or 24.6% compared to 88.60 billion yuan in the previous year [7][8]. - The gross profit for the coal business was 22.52 billion yuan, down 6.73 billion yuan or 23.0% from 29.25 billion yuan in the same period last year [8][9]. Production and Sales Data - The total sales volume of coal for the first nine months of 2025 was 14.45 million tons, an increase from 12.94 million tons in the same period of 2024 [9]. - The unit sales cost of self-produced coal was 257.67 yuan per ton, a decrease of 28.93 yuan per ton or 10.1% year-on-year [9]. Shareholder Information - As of September 30, 2025, the company held 7,614,346,308 A-shares, accounting for 57.43% of the total issued share capital [10][11]. - The company’s major shareholders include China Coal Energy Group, which holds approximately 58.43% of the total issued share capital through its subsidiaries [10][11]. Board Meeting Decisions - The board approved the third-quarter report for 2025 with unanimous support [15][16]. - The board also approved the acquisition of a 30% stake in Shanxi Zhongmei Pingshuo New Energy Co., Ltd. for 114.93 million yuan [15][16]. - Additionally, the board approved revisions to the senior management compensation management measures and the compensation plans for 2024 and 2025 [17][19].