Gansu Jingyuan Coal Industry and Electricity Power Co Ltd

Gansu Energy Chemical released its 2026 interim report, with net profit attributable to the parent company of 174 million yuan, an increase of 366 million yuan compared with the same period last year, turning from loss to profit year-on-year. The company's total operating revenue was 4.698 billion yuan, up 24.68 percent year-on-year. Net cash inflow from operating activities was 92.3048 million yuan, an increase of 852 million yuan compared with the same period last year. The company's latest asset-liability ratio was 53.16 percent, down 1.07 percentage points from the previous quarter; gross margin was 21.47 percent, rising for three consecutive quarters.

Gansu Energy Chemical announced that its wholly-owned subsidiary, Coal No.1 Company, has won the general construction contract for the industrial site slope treatment works and river regulation and flood control works of the Jiulongchuan Coal Mine project from Qingyang Coal Power, a subsidiary of the controlling shareholder. The total contract value is 88.9164 million yuan including tax.

Gansu Energy Chemical disclosed its earnings forecast, expecting net profit attributable to the parent of 160 million yuan for the first half of 2026, compared with a loss of 192 million yuan in the same period last year, swinging to a profit year on year. Deducted non-recurring net profit is expected to be 85 million yuan, versus a loss of 226 million yuan a year earlier. Basic earnings per share are forecast at 0.03 yuan. The company said the improvement was mainly due to better supply and demand in the coal industry and a recovery in downstream demand, with the average selling price of its main products rising year on year. At the same time, the company continued to optimize its market layout, expand sales channels, and took multiple measures to boost operating performance.