On August 24, CHINA COAL rose 3.66% in regular trading, trading at HK$11.6/share, with turnover of HK$77.13 million. The rally was driven by the company's better-than-expected interim results disclosed on August 21.
The company reported Q2 standalone net profit attributable to shareholders of RMB 4.305 billion, up 15.42% YoY, while Q2 non-GAAP net profit reached RMB 4.696 billion, surging 26.59% YoY. For H1, net profit totaled RMB 8.149 billion, up 5.8% YoY, with operating cash flow jumping 28.6% to RMB 9.864 billion. The chemical segment delivered a standout performance with gross profit rising 62% YoY. The company declared an interim dividend of RMB 0.184 per share and announced a Quality Enhancement and Efficiency Improvement 2.0 action plan targeting ROE of 8%-12%. H1 revenue declined slightly by 1.8% to RMB 73.136 billion, while coal production fell 8% YoY to 61.95 million tonnes amid supply-side adjustments.
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