hbky(SH:600985) Zheng Quan Ri Bao·2026-01-23 23:14Core Viewpoint - The company, Huaibei Mining, is forecasting a significant decline in net profit for the year 2025, with expectations of a decrease of approximately 69.21% compared to the previous year, primarily due to reduced coal production and lower coal prices [2][4][8]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders of approximately 1.495 billion yuan for 2025, down from 4.855 billion yuan in the previous year, representing a decrease of about 3.36 billion yuan [2][4]. - The expected net profit after deducting non-recurring gains and losses is projected to be around 1.338 billion yuan, a decline from 4.643 billion yuan in the previous year, indicating a reduction of approximately 3.305 billion yuan [2][4]. Previous Year’s Financial Data - In the previous year, the total profit was 5.408 billion yuan, with a net profit attributable to shareholders of 4.855 billion yuan and a net profit after deducting non-recurring gains and losses of 4.643 billion yuan [6]. Reasons for Profit Decline - The primary reasons for the anticipated decline in performance include a decrease in coal production and sales volume, coupled with a relaxed supply-demand balance in the domestic coal market, leading to a significant drop in coal prices [8].