On July 15, Yankuang Energy rose 3.17% in regular trading, trading at HK$11.38/share, with turnover of HK$373 million.
On the news front, the company released its H1 earnings forecast on July 14, projecting attributable net profit of approximately RMB 7.2 billion, up roughly 53% year-over-year, representing an increase of about RMB 2.5 billion. The company attributed the performance growth to rising prices for coal and coal chemical products, improved operating performance, and higher investment income.
Separately disclosed Q2 operational data showed commercial coal production of 46.46 million tonnes, up 2.07% year-over-year, with commercial coal sales rising 6.3% to 44.6 million tonnes. In the coal chemical segment, ethylene glycol sales surged 45% to 129,900 tonnes, acetic acid sales jumped 27% to 223,900 tonnes, and methanol sales edged up 4.4% to 1.2 million tonnes. The dual growth in production and sales reinforces the positive earnings outlook.
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