Shaanxi Heimao(SH:601015) Ge Long Hui·2026-01-07 10:44Core Viewpoint - The announcement from Shaanxi Black Cat indicates a mixed performance in the fourth quarter of 2025, with a notable decline in average prices for various products despite an increase in production and sales volume [1] Group 1: Production and Sales Data - In Q4 2025, the company produced 1.2988 million tons of coke and sold 1.2314 million tons, generating sales revenue of 1.667 billion yuan [1] - The production figures for other products include 49,200 tons of tar, 15,800 tons of crude benzene, and 62,500 tons of methanol [1] Group 2: Price Changes - The average price of coke was 1,353.59 yuan per ton, reflecting a year-on-year decrease of 12.42% but a quarter-on-quarter increase of 13.79% [1] - The price of tar was 2,787.36 yuan per ton, down 12.79% year-on-year [1] - The price of crude benzene was 3,840.46 yuan per ton, showing a significant year-on-year decline of 27.26% [1] - The average price of methanol was 1,706.05 yuan per ton, with a slight year-on-year decrease of 2.20% [1]