Core Viewpoint - China Qinfa (00866) has seen a stock price increase of over 6%, currently trading at 3.1 HKD, with a transaction volume of 9.1163 million HKD, following the announcement of progress in coal mining development in Indonesia [1] Group 1: Company Developments - On November 3, China Qinfa announced that its wholly-owned subsidiary PT Trisula Sumber Energi (TSE) provided an update on coal mining development in South Kalimantan, Indonesia [1] - The TSE coal mine is located in the northern part of Kotabaru County, South Kalimantan, covering an area of 168 square kilometers, including parts of Kelumpang Hulu and Kelumpang Barat [1] - The TSE coal mine is currently in the pre-operational planning stage, with construction activities expected to commence in the first quarter of 2026 [1] Group 2: Financial Performance - According to Minsheng Securities, in the first half of 2025, the company's Indonesian operations achieved a profit of 24 million CNY, an increase of 67 million CNY year-on-year, indicating improved profitability [1] - The company currently holds mining rights for five major mining areas in Indonesia: SDE, TSE, SME, VSE, and IMJ, with the SDE mining area having a planned production capacity of 30 million tons [1] - Given the development experience from the SDE mining area and advantages in resources, approvals, costs, and operational models, the company has significant growth potential and is expected to become a benchmark for overseas projects [1]

Core Viewpoint - China Qinfa's stock has increased by over 6%, reaching HKD 3.1, with a trading volume of HKD 9.1163 million, following the announcement of progress in coal mining development in Indonesia [1] Group 1: Company Developments - On November 3, China Qinfa announced that its wholly-owned subsidiary PT Trisula Sumber Energi (TSE) provided an update on coal mining development in South Kalimantan, Indonesia [1] - The TSE coal mine is located in the northern part of Kotabaru County, covering an area of 168 square kilometers, and is currently in the pre-operational planning stage, with construction expected to begin in Q1 2026 [1] Group 2: Financial Performance - In the first half of 2025, China Qinfa's Indonesian operations achieved a profit of CNY 24 million, an increase of CNY 6.7 million year-on-year, indicating improved profitability [1] - The company holds mining rights for five major mining areas in Indonesia, including SDE, TSE, SME, VSE, and IMJ, with the SDE mining area having a planned production capacity of 30 million tons [1] Group 3: Future Outlook - Given the development experience from the SDE mining area and advantages in resources, approvals, costs, and operational models, the company has significant growth potential and is expected to become a benchmark for overseas projects [1]