Jing Ji Guan Cha Wang·2026-02-12 07:04Company Project Progress - The company plans to add coal production capacity of 6.4 million tons per year and coal chemical capacity of 900,000 tons per year by the end of 2026 or 2027. Specific projects include the Libu Mine and the Weizigou Coal Mine expansion, with progress reported at 50.59% and 72.39% respectively as of August 2025, and expected to be operational by the end of 2026 [2] Industry Policy Status - The domestic coal market is expected to see a slowdown in supply growth by 2026, but there is significant policy support at the bottom. The continuation of the National Energy Administration's overproduction policy may create a price range for coal. Additionally, the advancement of "dual carbon" policies may limit coal demand growth, although demand in the coal chemical sector is expected to increase [3] Company Structure and Governance - The company completed adjustments to its fifth board of directors' special committee on January 30, 2026. Future attention should be given to the release schedule of regular reports, such as the 2025 annual report, and potential investor research activities [4]