On November 3, CHINA COAL fell 3.25% in Regular Trading, trading at HK$9.365, with turnover of HK$25.32 million.
The move followed recent disclosures showing weaker-than-expected third-quarter earnings and continued concern over coal output disruption tied to tighter safety inspections.
For the first nine months, the company reported revenue of RMB115.64 billion, up 4.6% year over year, and net profit attributable to shareholders of RMB12.75 billion, up 2.1%. Implied third-quarter net profit was about RMB4.6 billion, down 4% from a year earlier and up 7% sequentially, but below market expectations. Publicly disclosed commentary indicated the shortfall was driven by higher-than-expected unit coal costs, selling and administrative expenses, and finance costs. Separately, September commercial coal output fell 9.1% year over year, with January-September output down 8.1%, reinforcing market focus on production pressure from stricter safety oversight.
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