On August 31, YANKUANG ENERGY rose 3.14% in regular trading, trading at 14.11 HKD/share, with turnover of HKD 326 million. The gain came as the company held its mid-term earnings briefing, reinforcing bullish sentiment following robust first-half results disclosed days earlier.
According to the company's interim report, YANKUANG ENERGY posted H1 sales revenue of RMB 70.23 billion, up 15.40% year-over-year, while attributable net profit surged 57.20% to RMB 7.875 billion. The second quarter was particularly strong, with single-quarter attributable profit rising 55.33% and non-recurring adjusted net profit jumping 108.51% year-over-year. Revenue growth was driven by higher coal sales volumes of 82.91 million tonnes (up 3.23%) and a 9.95% increase in average coal selling price to RMB 559.79 per tonne. The petrochemical segment also contributed, with output of 5.03 million tonnes and revenue up approximately 9.5%. Additionally, a one-off gain from the disposal of Inner Mongolia Xintai Coal boosted investment income significantly. The company declared an interim cash dividend of RMB 0.20 per share, totaling approximately RMB 2.007 billion.
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