China Qinfa (00866) has released its interim results for the six months ended June 30, 2026, showing a robust turnaround in its financial performance.

The group reported revenue of 1.179 billion yuan, marking an 8.23% increase year-on-year. Notably, profit attributable to shareholders of the company reached 227 million yuan, a significant reversal from the 126 million yuan loss recorded during the same period last year. Basic earnings per share stood at 8.67 cents.

The surge in profit attributable to equity holders was driven by an increase in the average selling price of thermal coal, alongside a gain from provision changes amounting to 165 million yuan, a contribution that was absent in the prior year.