The surge is attributed to the company's strong first-quarter operational performance, including growth in commercial coal sales, self-produced coal sales, methanol output, and a significant increase in polyoxymethylene production. Q1 profit is estimated to rise substantially year-over-year, supported by improved coal chemical margins and cost control measures.
Further boosting sentiment, the company's subsidiary is pursuing a major acquisition to expand metallurgical coal capacity, and a proposed dividend policy indicates a commitment to shareholder returns.
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