SHANGHAI ENERGY(SH:600508) Zhi Tong Cai Jing·2026-01-23 07:41Core Viewpoint - Shanghai Energy (600508.SH) expects a significant decline in its 2025 annual net profit, projecting a decrease of 63.69% to 69.97% compared to the previous year [1] Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company between 215 million yuan and 260 million yuan for 2025 [1] - The expected net profit after deducting non-recurring gains and losses is projected to be between 207 million yuan and 252 million yuan, reflecting a decrease of 64.20% to 70.60% year-on-year [1] Revenue Impact - The primary reason for the significant year-on-year decline in operating performance is the substantial drop in the sales price of premium coal, which decreased by 349 yuan per ton, representing a decline of 27.03% [1] - This decline in sales price has had a major impact on the company's main business revenue and profit [1] Production Challenges - The Xu Zhuang coal mine, under regulatory requirements for "treatment before mining," has implemented disaster management projects, resulting in coal production not meeting expectations [1] - This production shortfall has also contributed to the adverse effects on the company's operating performance [1]