Yankuang Energy Reports 42% Surge in Q1 Profit as Hong Kong Coal Stocks Rally

Deep News10:40

Hong Kong-listed coal stocks showed collective strength, with Yankuang Energy rising nearly 6%, while China Qinfa and Hengding Enterprise each gained over 3%.

On the news front, Yankuang Energy announced on the evening of April 28 that the group achieved revenue of 34.589 billion yuan in the first quarter of 2026, a year-on-year increase of 1.83%. Net profit attributable to shareholders of the listed company reached 3.955 billion yuan, up 42.14% compared to the same period last year. The company stated that during the low market conditions in the first quarter, it fully leveraged its "coal-chemical integration" advantage, with the coal chemical segment achieving a breakthrough by increasing both volume and efficiency. Chemical product output reached 2.61 million tons, a year-on-year growth of 4.2%, and quarterly profit hit a four-year high. The unit sales costs of key products methanol and acetic acid dropped significantly by 11.2% and 15.4% year-on-year, respectively, strongly driving the segment's profit growth against the market trend.

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