Yankuang Energy (01171) announced its financial results for the year 2025. Total revenue amounted to RMB 133.341 billion, representing a decrease of 5.53% compared to the previous year. Net profit attributable to equity holders was approximately RMB 8.525 billion, a decline of 41.58% year-on-year. Earnings per share were RMB 0.85, with a final cash dividend of RMB 0.32 per share (including tax).
In 2025, the Group produced 182.4 million tonnes of saleable coal, an increase of 10.78 million tonnes or 6.3% compared to the previous year, achieving 117.7% of its annual saleable coal production target. Coal sales volume reached 171.23 million tonnes, up by 6.18 million tonnes or 3.7% year-on-year. However, revenue generated from the coal business was RMB 88.666 billion, a decrease of RMB 18.457 billion or 17.2% compared to the prior year.
Throughout 2025, the coal industry continued to implement green development principles, enhance safety and supply security capabilities, accelerate intelligent transformation and upgrades, and steadily promote the clean and efficient utilization of coal. Annual coal production remained at high levels, although the growth rate narrowed due to factors such as production overcapacity verification and reduced imports. In the second half of the year, raw coal production experienced negative growth compared to the same period last year. With weak demand persisting, the relatively loose balance between coal supply and demand showed some improvement.
The coal chemical industry accelerated its transition towards high-end, diversified, and low-carbon development, continuously improving the quality and upgrading of the industrial chain. Throughout the year, chemical industry capacity was steadily released, and chemical product prices experienced volatile fluctuations. Driven by lower raw material costs, profitability improved for some product categories.
Based on a comprehensive assessment of internal and external conditions and the company's operational realities, the Group has set its 2026 targets. It plans to produce 186 to 190 million tonnes of saleable coal and manufacture 9.5 to 11 million tonnes of chemical products. The company aims to reduce coal sales cost per tonne by 3%, methanol sales cost by RMB 30 per tonne, and acetic acid sales cost by RMB 30 per tonne. The annual capital expenditure budget is set at RMB 19.8 billion.