Shares of Yankuang Energy (01171) have risen more than 4%. At the time of writing, the stock is up 4.26% to HK$11.5, with a turnover of HK$533 million.
The company announced last night that it expects its attributable net profit for the first half of 2026 to reach RMB 7.2 billion, representing a year-on-year increase of 53%. Excluding the impact of non-core items, its core profit grew by 2% to RMB 4.5 billion.
Analysis indicates this implies a second-quarter net profit of approximately RMB 3.2 billion, a surge of 74% compared to the same period last year.
The robust first-half performance is primarily attributed to elevated coal prices, which have been supported by resilient demand, higher prices for coal chemical products influenced by Middle East conflicts, and significant investment gains from the disposal of a 100% equity stake in Inner Mongolia Xintai Coal.
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