SHCI(SH:601225) Ge Long Hui·2025-10-30 09:45Core Viewpoint - The report from Guosheng Securities indicates that Shaanxi Coal Industry achieved a net profit attributable to shareholders of 5.075 billion yuan in Q3 2025, representing a year-on-year decline of 20.34% but a quarter-on-quarter increase of 79.08% [1] Group 1: Financial Performance - In Q3 2025, the company's net profit attributable to shareholders was 5.075 billion yuan, showing a year-on-year decrease of 20.34% and a quarter-on-quarter increase of 79.08% [1] - The projected net profits for the company from 2025 to 2027 are estimated to be 16 billion yuan, 18 billion yuan, and 19.3 billion yuan respectively, with corresponding price-to-earnings ratios of 13.6X, 12.1X, and 11.3X [1] Group 2: Business Operations - The company is actively enhancing coal production capacity, focusing on the approval progress of the Yushen Phase III and IV mining areas, and accelerating the approval process for related mining areas in the Xiaohatu No. 1 and Western Exploration zones [1] - In the first half of 2025, the company increased the production capacity of the Yuandatan coal mine by 2 million tons, achieving a total approved capacity of 10 million tons, thereby strengthening its sustainable development capabilities [1] Group 3: Market Outlook - The resilience of the coal business is highlighted, with expectations of marginal recovery in coal prices and subsequent growth in the company's power business [1]