Ge Long Hui A P P·2025-11-28 07:37Core Viewpoint - Yanzhou Coal Mining Company announced the acquisition of 100% equity in Shandong Energy Equipment Group's high-end support manufacturing company, which will help avoid industry competition and accelerate the company's integrated layout in equipment manufacturing [1] Group 1: Financial Performance - The company's net profit attributable to shareholders for the first three quarters of 2025 was 7.12 billion, a year-on-year decrease of 39.15% [1] - In Q3, the single-quarter net profit attributable to shareholders was 2.29 billion, a year-on-year decrease of 36.60% compared to the adjusted 3.61 billion in Q4 2024 [1] - The company's performance met market expectations [1] Group 2: Capacity Expansion - The acquisition is expected to add 6.352 billion tons of coal resources and 3.652 billion tons of recoverable reserves [1] - The total capacity from production, under construction, and planned is expected to increase by 61.05 million tons per year, further enhancing the company's capacity [1] Group 3: Industry Outlook - Due to insufficient investment in the coal industry in recent years and tight supply, coal prices are expected to remain high and volatile, with industry prosperity likely to continue [1] - The company has both thermal coal and coking coal businesses, with a projected average PE of 17 times for comparable companies such as China Shenhua, Lu'an Environmental Energy, Shanxi Coking Coal, and Huayang Co. in 2025 [1] - The company maintains a "buy" rating [1]