hbky(SH:600985) Shang Hai Zheng Quan Bao·2026-01-23 19:56Core Viewpoint - The company, Huaibei Mining Holdings Co., Ltd., has announced a significant decline in its expected net profit for the year 2025, primarily due to decreased coal production and prices, alongside a more relaxed domestic coal supply-demand situation [5][10]. Group 1: Operational Data - The company has provided preliminary operational data for its coal and coal chemical business for the year 2025, indicating that the sales volume of commercial coal does not include self-use, with a self-use sales rate of 100% [1]. - The sales volume of methanol also excludes self-use, with a self-use sales rate of 96.51% [1]. Group 2: Financial Performance Forecast - The company expects to achieve a net profit attributable to shareholders of approximately 1.495 billion yuan for 2025, a decrease of about 3.36 billion yuan compared to 4.855 billion yuan in the previous year, representing a year-on-year decline of approximately 69.21% [5][8]. - The forecasted net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be around 1.338 billion yuan, down about 3.305 billion yuan from 4.643 billion yuan in the previous year, reflecting a year-on-year decrease of approximately 71.18% [5][8]. Group 3: Reasons for Profit Decline - The significant decline in the company's 2025 annual performance is attributed to a decrease in the sales volume of commercial coal compared to the previous year, coupled with a relaxed domestic coal supply-demand landscape and a notable drop in coal prices, leading to a substantial reduction in the profitability of the company's main business [10].