YANCOAL AUS (03668) climbed nearly 6% again, with its cumulative increase for the year now surpassing 30%. At the time of writing, the stock was up 5.52%, trading at HKD 33.24, with a turnover of HKD 25.84 million. On the news front, YANCOAL AUS previously announced that its saleable coal production for the fourth quarter of 2025 reached 10.4 million tonnes, a 7% year-on-year increase; saleable coal sales volume was 10.8 million tonnes, up 4% year-on-year. The Chief Executive Officer stated that the company's equity saleable coal production for the full year 2025 reached 38.6 million tonnes, achieving a result near the upper end of the full-year production guidance range and setting a new company record, while the fourth-quarter production of 10.4 million tonnes also set a new quarterly record for the company. Zhongtai International released a research report noting that the company's FY25 coal sales volume grew steadily, it holds ample cash, and maintains a solid net cash position; although coal prices face pressure, the increased proportion of metallurgical coal optimizes the product mix; while the lower probability of a La Niña event may constrain winter demand elasticity, the company's financial robustness supports the sustainability of both dividends and capital expenditures.