hbky(SH:600985) Zhi Tong Cai Jing·2026-01-23 12:00Core Viewpoint - Huabei Mining (600985.SH) anticipates a significant decline in its 2025 annual net profit, projecting approximately 1.495 billion yuan, a decrease of about 3.36 billion yuan or 69.21% compared to the previous year [1] Group 1: Financial Performance - The expected net profit attributable to the parent company for 2025 is around 1.495 billion yuan, down from 4.855 billion yuan in the previous year, reflecting a decrease of approximately 3.36 billion yuan [1] - The projected net profit after deducting non-recurring gains and losses is about 1.338 billion yuan, a reduction of around 3.305 billion yuan or 71.18% compared to 4.643 billion yuan in the prior year [1] Group 2: Operational Factors - The significant decline in 2025 annual performance is primarily attributed to a decrease in the company's coal production and sales volume compared to the previous year [1] - The domestic coal supply and demand landscape is showing a relaxed trend, leading to weak coal prices, which have notably decreased compared to the same period last year [1] - The decline in coal product prices has resulted in a substantial drop in the company's main business profits compared to the previous year [1]