China Qinfa Group Limited (00866) Announces Coal Supply Agreement with Zhejiang Energy Asia Pacific

Bulletin Express

Nov 14, 2025

China Qinfa Group Limited (00866) announced that PT Sumber Daya Energi (SDE), a non-wholly owned subsidiary, entered into a Coal Supply Agreement with Zhejiang Energy Asia Pacific Holding Limited. Under the agreement, SDE will sell 150,000 MT of Indonesian steam coal, with a 10% upward or downward adjustment option. The transaction is expected to generate up to approximately RMB90 million, based on the latest coal price.

According to the announcement, the coal price formula is determined by ((ICI 2 + ICI 3) / 2 / 5,050 × 5,000 + USD5) × exchange rate, subject to quality adjustments. The buyer will settle the payment in RMB within five working days after receiving required shipping documents. Delivery is scheduled to begin in November 2025 and will be completed when all contracted coal is delivered and fully paid.

Zhejiang Energy Asia Pacific is a connected person at subsidiary level of China Qinfa Group Limited, given its substantial shareholding in Lead Far, an indirect non-wholly owned subsidiary of the Company. The board of directors confirmed that the agreement terms are on normal commercial terms and are in the best interests of the Company and shareholders as a whole, with the transaction subject to reporting, announcement, and annual review requirements, but exempt from shareholders’ approval. The Coal Supply Agreement aligns with the Group’s business strategy, securing stable revenue through continued demand from a state-owned power plant.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1172014618"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1172014618\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1172014618?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-11-14 21:22","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1172014618","market":"hk","top_or_hot":-1,"title":"China Qinfa Group Limited (00866) Announces Coal Supply Agreement with Zhejiang Energy Asia Pacific","media":"Bulletin Express","content":"<p>China Qinfa Group Limited (00866) announced that PT Sumber Daya Energi (SDE), a non-wholly owned subsidiary, entered into a Coal Supply Agreement with Zhejiang Energy Asia Pacific Holding Limited. Under the agreement, SDE will sell 150,000 MT of Indonesian steam coal, with a 10% upward or downward adjustment option. The transaction is expected to generate up to approximately RMB90 million, based on the latest coal price.</p>\n<p>According to the announcement, the coal price formula is determined by ((ICI 2 + ICI 3) / 2 / 5,050 × 5,000 + USD5) × exchange rate, subject to quality adjustments. The buyer will settle the payment in RMB within five working days after receiving required shipping documents. Delivery is scheduled to begin in November 2025 and will be completed when all contracted coal is delivered and fully paid.</p>\n<p>Zhejiang Energy Asia Pacific is a connected person at subsidiary level of China Qinfa Group Limited, given its substantial shareholding in Lead Far, an indirect non-wholly owned subsidiary of the Company. The board of directors confirmed that the agreement terms are on normal commercial terms and are in the best interests of the Company and shareholders as a whole, with the transaction subject to reporting, announcement, and annual review requirements, but exempt from shareholders’ approval. The Coal Supply Agreement aligns with the Group’s business strategy, securing stable revenue through continued demand from a state-owned power plant.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>China Qinfa Group Limited (00866) Announces Coal Supply Agreement with Zhejiang Energy Asia Pacific</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChina Qinfa Group Limited (00866) Announces Coal Supply Agreement with Zhejiang Energy Asia Pacific\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1053168898\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Bulletin Express </p>\n<p class=\"h-time\">2025-11-14 21:22</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>China Qinfa Group Limited (00866) announced that PT Sumber Daya Energi (SDE), a non-wholly owned subsidiary, entered into a Coal Supply Agreement with Zhejiang Energy Asia Pacific Holding Limited. Under the agreement, SDE will sell 150,000 MT of Indonesian steam coal, with a 10% upward or downward adjustment option. The transaction is expected to generate up to approximately RMB90 million, based on the latest coal price.</p>\n<p>According to the announcement, the coal price formula is determined by ((ICI 2 + ICI 3) / 2 / 5,050 × 5,000 + USD5) × exchange rate, subject to quality adjustments. The buyer will settle the payment in RMB within five working days after receiving required shipping documents. Delivery is scheduled to begin in November 2025 and will be completed when all contracted coal is delivered and fully paid.</p>\n<p>Zhejiang Energy Asia Pacific is a connected person at subsidiary level of China Qinfa Group Limited, given its substantial shareholding in Lead Far, an indirect non-wholly owned subsidiary of the Company. The board of directors confirmed that the agreement terms are on normal commercial terms and are in the best interests of the Company and shareholders as a whole, with the transaction subject to reporting, announcement, and annual review requirements, but exempt from shareholders’ approval. The Coal Supply Agreement aligns with the Group’s business strategy, securing stable revenue through continued demand from a state-owned power plant.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00866","symbol_name":"中国秦发","start_time":0,"source_url":"","article_id":"1172014618","we_media_id":"1053168898","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1172014618","pubTimestamp":1763126546,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Bulletin Express","introduction":"Full Coverage of HK & US Stock Announcements","home_visible":1,"id":"1053168898","head_image":"https://community-static.tradeup.com/news/ed558ed0402cbe7d1ef4d150458f2b2e"},"summary":"China Qinfa Group Limited (00866) announced that PT Sumber Daya Energi (SDE), a non-wholly owned subsidiary, entered into a Coal Supply Agreement with Zhejiang Energy Asia Pacific Holding Limited....","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"00866":"中国秦发"},"translate_title":"中国秦发集团有限公司(00866)公布与浙能亚太订立煤炭供应协议","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00866":1},"content_text":"China Qinfa Group Limited (00866) announced that PT Sumber Daya Energi (SDE), a non-wholly owned subsidiary, entered into a Coal Supply Agreement with Zhejiang Energy Asia Pacific Holding Limited. Under the agreement, SDE will sell 150,000 MT of Indonesian steam coal, with a 10% upward or downward adjustment option. The transaction is expected to generate up to approximately RMB90 million, based on the latest coal price.\nAccording to the announcement, the coal price formula is determined by ((ICI 2 + ICI 3) / 2 / 5,050 × 5,000 + USD5) × exchange rate, subject to quality adjustments. The buyer will settle the payment in RMB within five working days after receiving required shipping documents. Delivery is scheduled to begin in November 2025 and will be completed when all contracted coal is delivered and fully paid.\nZhejiang Energy Asia Pacific is a connected person at subsidiary level of China Qinfa Group Limited, given its substantial shareholding in Lead Far, an indirect non-wholly owned subsidiary of the Company. The board of directors confirmed that the agreement terms are on normal commercial terms and are in the best interests of the Company and shareholders as a whole, with the transaction subject to reporting, announcement, and annual review requirements, but exempt from shareholders’ approval. The Coal Supply Agreement aligns with the Group’s business strategy, securing stable revenue through continued demand from a state-owned power plant.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}