Zhengzhou Coal Industry & Electric Power Co Ltd

Zhengzhou Coal Industry & Electric Power released its 2026 interim report, with net profit attributable to the parent company at negative 339 million yuan, a widening of 115 million yuan compared with the same period last year. Total operating revenue was 1.408 billion yuan, down 23.40% year-on-year. Net cash inflow from operating activities was 114 million yuan, up 86.93% year-on-year. The company's latest asset-liability ratio was 84.52%, gross margin was 12.93%, and ROE was negative 56.36%.

Zhengzhou Coal Industry & Electric Power disclosed its earnings forecast, projecting a net loss attributable to the parent company of 341 million yuan in the first half of 2026, compared with a loss of 224 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 342 million yuan, versus a loss of 232 million yuan a year earlier. The company stated that due to changes in geological conditions at some mine production faces, coal output, sales volume, and coal quality declined year on year, leading to a reduction in coal sales revenue. This caused total profit to fall by approximately 140 million yuan year on year, and net profit attributable to the parent company to drop by about 70 million yuan. In addition, the associate company Fusheng Aluminium saw its profitability weaken as alumina prices fell year on year, resulting in investment income of negative 4.16 million yuan recognized in the first half of 2026, a decrease of 53.51 million yuan year on year, further dragging on net profit attributable to the parent company. The company noted that geological conditions at the relevant mines have now markedly improved and stabilized. Going forward, it will continue to optimize mining layouts, strengthen geological forecasting, strictly control production costs, and make every effort to stabilize output and enhance efficiency.