ShanXi Coking Co Ltd

Shanxi Coking Coal announced that a safety incident occurred at its Xiqu Mine on August 5, 2026, resulting in one fatality, and the mine has now been shut down. The Xiqu Mine has an approved annual capacity of 2.7 million tonnes, accounting for 5.67% of the company's total approved capacity. The mine had previously been halted from July 23 due to expired licenses and only resumed production on July 30, meaning it was back in operation for less than a week before being shut down again. Over the past three years, Shanxi Coking Coal's mines have experienced multiple safety incidents, including accidents at Shuiyu Coal and Shaqu No. 1 Coal Mine in 2025. In the first quarter of 2026, the company reported revenue of 8.861 billion yuan and net profit attributable to shareholders of 808 million yuan, up 18.62% year-on-year.

Shanxi Coking Coal Group disclosed its earnings forecast, expecting a net loss attributable to the parent of 12.9845 million yuan to 15.5845 million yuan in the first half of 2026, compared to a loss of 77.6111 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 17.6715 million yuan to 20.2715 million yuan, compared to a loss of 88.1643 million yuan in the same period last year. The company stated that the loss is mainly due to overall pressure on profitability in the coking industry, with rising upstream coking coal prices pushing up costs and weak downstream steel demand. However, through measures such as cost reduction and efficiency improvement, the company has significantly narrowed the loss. In addition, the first-half profit of its joint venture, China Coal Huajin Group, decreased year-on-year, leading to a corresponding reduction in the company's recognized investment income.