Core Viewpoint - China Coal Energy (01898) reported a revenue of 74.436 billion yuan for the six months ending June 30, 2025, a year-on-year decrease of 19.9%, with a net profit attributable to shareholders of 7.325 billion yuan, down 31.5% [1] Group 1: Financial Performance - Revenue for the first half of the year was 74.436 billion yuan, a decrease of 19.9% year-on-year [1] - Net profit attributable to shareholders was 7.325 billion yuan, down 31.5% year-on-year [1] - Basic earnings per share were 0.55 yuan, with an interim dividend proposed at 0.166 yuan per share (tax included) [1] Group 2: Operational Highlights - The company optimized production layout in the coal business, achieving a coal output of 67.34 million tons, an increase of 840,000 tons year-on-year [1] - Self-produced coal sales reached 67.11 million tons, up 920,000 tons year-on-year [1] - The coal chemical business produced 2.988 million tons of major products, an increase of 61,000 tons year-on-year [1] - Power generation reached 7.75 billion kWh, a year-on-year increase of 27.2% [1] Group 3: Cost Management and Efficiency - The company implemented lean management to reduce costs and improve quality, with a 15 yuan per ton decrease in the unit sales cost of self-produced coal year-on-year [2] - The unit sales cost of urea decreased by 144 yuan per ton year-on-year [2] - The unit sales cost of polyethylene decreased by 49 yuan per ton year-on-year, excluding the impact of major equipment overhauls [2] - Financial expenses net decreased by 241 million yuan year-on-year due to optimized debt structure and reduced financing costs [2]

Core Viewpoint - China Coal Energy (中煤能源) reported a significant decline in revenue and profit for the first half of 2025, indicating challenges in the coal market and the need for strategic adjustments to maintain performance [1][2] Financial Performance - Revenue for the six months ending June 30, 2025, was 74.436 billion yuan, a decrease of 19.9% year-on-year [1] - Shareholder profit attributable to the company was 7.325 billion yuan, down 31.5% year-on-year [1] - Basic earnings per share were 0.55 yuan, with an interim dividend proposed at 0.166 yuan per share (before tax) [1] Coal Production and Sales - The company optimized production layout and increased coal output, achieving a total coal production of 67.34 million tons, an increase of 840,000 tons year-on-year [1] - Self-produced coal sales reached 67.11 million tons, up 920,000 tons year-on-year, with a focus on expanding the metallurgical coal market [1] Coal Chemical and Power Generation - The coal chemical business maintained stable operations, producing 2.988 million tons of major coal chemical products, an increase of 61,000 tons year-on-year [1] - Power generation increased significantly, with a total output of 7.75 billion kWh, reflecting a year-on-year growth of 27.2% [1] Cost Management and Efficiency - The company implemented lean management practices to reduce costs and improve quality, with a focus on dynamic product structure optimization based on market demand [2] - The unit sales cost of self-produced coal decreased by 15 yuan per ton, while the unit sales cost of urea fell by 144 yuan per ton [2] - Financial expenses net decreased by 241 million yuan year-on-year, indicating improved debt structure and reduced financing costs [2]

Core Viewpoint - China Coal Energy (01898.HK) reported a decline in revenue and profit for the first half of 2025, with a focus on optimizing production and expanding market share in coal and chemical sectors [1][2]. Financial Performance - The group's revenue for the first half of 2025 was RMB 74.436 billion, a decrease of 19.9% year-on-year [1]. - Shareholder profit attributable to the company was RMB 7.325 billion, down 31.5% year-on-year, with basic earnings per share at RMB 0.55 [1]. - EBITDA for the first half was RMB 16.857 billion, reflecting a 27.0% decrease year-on-year [1]. - The board approved an interim dividend of RMB 0.166 per share (including tax) for 2025 [1]. Operational Highlights - The coal business optimized production layout, achieving a total coal output of 67.34 million tons, an increase of 840,000 tons year-on-year [2]. - Self-produced coal sales reached 67.11 million tons, up 920,000 tons year-on-year, with a focus on maintaining market share and fulfilling long-term contracts [2]. - The coal chemical sector produced 2.988 million tons of major products, an increase of 61,000 tons year-on-year, while implementing a differentiated marketing strategy [2]. - Power generation increased by 27.2% year-on-year, reaching 7.75 billion kWh, due to improved equipment management and maintenance scheduling [2]. Project Development - The company accelerated project development, focusing on the "coal-electric-chemical-new" integrated industrial chain [3]. - Key projects such as the Li Bi coal mine and the Wu Shun Qi coal-electric integration project are progressing as planned [3]. - The construction of the second phase of the Yulin coal chemical project is nearing completion, with significant milestones achieved in various renewable energy projects [3]. - Safety measures and environmental protection efforts have been reinforced, maintaining a stable safety situation without any major environmental incidents [3].

证券代码：601898 证券简称：中煤能源 公告编号：2025-023 中国中煤能源股份有限公司 2025 年 7 月份主要生产经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 指标项目 | 单位 | 2025 | 年 | 2024 | 年 | 变化比率（%） | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 7 月份 | 累计 | 7 月份 | 累计 | 7 月份 | 累计 | | 一、煤炭业务 | | | | | | | | | （一）商品煤产量 | 万吨 | 1,105 | 7,839 | 1,210 | 7,860 | -8.7 | -0.3 | | （二）商品煤销量 | 万吨 | 2,117 | 14,985 | 2,343 | 15,698 | -9.6 | -4.5 | | 其中：自产商品煤销量 | 万吨 | 1,178 | 7,889 | 1,134 | 7,753 | 3.9 | 1.8 | | 二、煤化工业务 | | | ...

Group 1: Coal Business - The company's coal production volume for the current period is 1,104 million tons, a decrease of 4.9% compared to the previous period's 1,161 million tons [2] - The coal sales volume is reported at 2,165 million tons, down 11.2% from 2,437 million tons in the previous period [2] - Self-produced coal sales volume is 1,153 million tons, showing a slight decrease of 1.3% from 1,168 million tons [2] Group 2: Coal Chemical Business - Polyethylene sales volume decreased significantly to 3.6 million tons, down 42.9% from 6.3 million tons [2] - Polypropylene sales volume also saw a substantial decline to 2.9 million tons, a drop of 50.0% from 5.8 million tons [2] Group 3: Mining Equipment Business - The output value of mining equipment is reported at 7.8 billion yuan, a decrease of 6.0% from 8.3 billion yuan in the previous period [2]

证券代码：601898 证券简称：中煤能源 公告编号：2025-022 中国中煤能源股份有限公司 2025 年 6 月份主要生产经营数据公告 中国中煤能源股份有限公司 2025 年 7 月 15 日 以上生产经营数据源自本公司内部统计，为投资者及时了解本公司生产经营 概况之用，可能与本公司定期报告披露的数据有差异。 此外，因受到诸多因素的影响，包括（但不限于）国家宏观政策调整、国内 外市场环境变化、恶劣天气及灾害、设备检修维护、安全检查和煤矿地质条件变 化等，所公告生产经营数据在月度之间可能存在较大差异。 上述生产经营数据并不对本公司未来经营情况作出任何明示或默示的预测 或保证，投资者应注意不恰当信赖或使用以上信息可能造成投资风险。 公司将在本公告披露后适时召开月度生产经营数据说明会，具体参会事宜请 询公司投资者热线 010-82236028。 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 指标项目 | 单位 | 2025 | 年 | 2024 | 年 | 变化比率（%） | | | --- | --- | --- | ...

证券代码：601898 证券简称：中煤能源 公告编号：2025-020 以上生产经营数据源自本公司内部统计，为投资者及时了解本公司生产经营 概况之用，可能与本公司定期报告披露的数据有差异。 此外，因受到诸多因素的影响，包括（但不限于）国家宏观政策调整、国内 外市场环境变化、恶劣天气及灾害、设备检修维护、安全检查和煤矿地质条件变 化等，所公告生产经营数据在月度之间可能存在较大差异。 上述生产经营数据并不对本公司未来经营情况作出任何明示或默示的预测 或保证，投资者应注意不恰当信赖或使用以上信息可能造成投资风险。 公司将在本公告披露后适时召开月度生产经营数据说明会，具体参会事宜请 询公司投资者热线 010-82236028。 中国中煤能源股份有限公司 2025 年 5 月份主要生产经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 指标项目 | 单位 | 2025 | 年 | 2024 | 年 | 变化比率（%） | | | --- | --- | --- | --- | --- | --- | --- | --- | ...

Group 1 - The core viewpoint highlights the strong economic performance of Henan province, with a GDP of 14,945.58 billion yuan in Q1, reflecting a year-on-year growth of 5.9% and an industrial added value growth of 8.8%, ranking second among ten major industrial provinces [2] - The manufacturing sector is prioritized for high-quality development, with significant achievements in both traditional and emerging industries, including a notable increase in industrial investment by 21.9% year-on-year in Q1 [6] - The province's proactive measures, including 28 financial support policies for enterprises, have contributed to a robust economic recovery and growth momentum [4][5] Group 2 - Henan Shijia Photon Technology Co., Ltd. reported a remarkable Q1 performance with a revenue growth of 120.6% and a net profit increase of 1003.8%, driven by the surge in AI computing demand [3] - The province has seen a significant increase in technology contract transactions, with a year-on-year growth of 161.7%, indicating a faster integration of technological and industrial innovation [6] - The emergence of successful brands like Mixue Ice City, which has expanded to over 46,000 stores globally, signifies Henan's transformation from an agricultural base to a hub for high-quality manufacturing and innovation [8][9] Group 3 - The manufacturing industry is recognized as the foundation of the real economy, with Henan focusing on becoming a center for advanced technologies such as AI and quantum computing [10] - The province is witnessing a shift in its industrial landscape, with companies like Yutong exporting electric buses to Norway and achieving significant sales, highlighting the global competitiveness of "Henan manufacturing" [9] - The recognition of 51 companies as national manufacturing champions and 414 as specialized "little giant" enterprises underscores the growing strength and reputation of Henan's industrial sector [9]

证券代码：601898 证券简称：中煤能源 公告编号：2025-019 中国中煤能源股份有限公司 2025 年 4 月份主要生产经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 指标项目 | 单位 | 2025 | 年 | 2024 | 年 | 变化比率（%） | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 4 月份 | 累计 | 4 月份 | 累计 | 4 月份 | 累计 | | 一、煤炭业务 | | | | | | | | | （一）商品煤产量 | 万吨 | 1,105 | 4,440 | 1,048 | 4,321 | 5.4 | 2.8 | | （二）商品煤销量 | 万吨 | 2,110 | 8,524 | 2,240 | 8,627 | -5.8 | -1.2 | | 其中：自产商品煤销量 | 万吨 | 1,114 | 4,382 | 1,110 | 4,341 | 0.4 | 0.9 | | 二、煤化工业务 | | | | | ...