Core Viewpoint - The company, Qinfa (00866), anticipates a significant increase in after-tax losses for the six months ending June 30, 2025, projecting losses not exceeding RMB 168 million, compared to an after-tax profit of RMB 60.8 million for the same period in 2024 [1] Financial Performance - The company expects after-tax losses from discontinued operations to be no more than RMB 200 million, while after-tax profits from continuing operations are projected to be no more than RMB 32 million for the same period [1] - The increase in after-tax losses is attributed to a decline in average coal sales prices compared to the same period in 2024, a reduction in raw coal production from discontinued operations from 3.67 million tons to 2.07 million tons, and an increase in raw coal production from continuing operations from 760,000 tons to 2.05 million tons [1] Currency Impact - The company's after-tax losses are also impacted by the depreciation of the Indonesian Rupiah against the Renminbi and US Dollar, resulting in foreign exchange losses of approximately RMB 70.8 million from monetary items [1]