Shanxi Antai Group Co Ltd

On September 24, major A-share indices opened lower, while the media sector bucked the trend in early trading. Xinhua Winshare hit its fifth consecutive limit-up, Xinhua Media its fourth, and Topway Video its third, with Guangdong Media and Inner Mongolia Xinhua Distribution also among the top gainers. In news, Xinhua Winshare recently announced plans to use its own funds to acquire the 100% equity stake in Sichuan Nationalities Publishing House held by its controlling shareholder, Sichuan Xinhua Publishing and Distribution Group, for 346 million yuan. The transaction constitutes a related-party transaction but does not constitute a major asset restructuring. On the same day, Bairui Gene debuted on the Beijing Stock Exchange, opening 347.23% higher and rising more than 400% as of press time, with an issue price of 16.77 yuan. The company focuses on the research, production, and sales of biomedical materials and other products. The AI-driven drug discovery concept saw a sudden surge, with Berry Genomics hitting the daily limit-up in a straight line, and BGI Genomics, Rongtai Health, Saili Medical, Sino Biological, and Kingmed Diagnostics following higher. This came after the Ministry of Industry and Information Technology and nine other departments jointly issued the 15th Five-Year Plan for the development of the pharmaceutical industry, which explicitly calls for accelerating the use of artificial intelligence and other new technologies to empower drug research and development. The coal sector fluctuated higher, with Yunnan Coal Energy hitting the daily limit-up, briefly opening, and then sealing the limit-up again. Zhengzhou Coal Mining Machinery, Liaoning Energy, Antai Group, and Shaanxi Heimao followed higher. On September 24, the benchmark price for thermal coal on SunSirs was 989.50 yuan per ton, up 13.02% from 875.50 yuan per ton at the beginning of the month. The robotics concept saw localized movement, with Xiangyang Automobile Bearing hitting the limit-up, and Ningbo Dongli, Wanxiang Qianchao, Nanfang Precision, Sanhua Intelligent Controls, and Tuopu Group following higher. Tesla CEO Elon Musk said in an interview on September 23 that he predicts there will be at least 1 billion humanoid robots within 10 years or less, perhaps 10 billion in the next 15 years, and possibly 100 billion in the next 20 years. The real estate sector fell sharply, with Huali Family hitting the limit-down, Huayuan Holdings touching the limit-down, and Greenland Holdings, Heungkong Holdings, China Vanke, and Risesun Development quickly following lower.

Antai Group announced plans to raise no more than 688 million yuan through a private placement. After deducting issuance expenses, the funds will be used for Shanxi Hongan Coking Technology's 150 tonnes per hour coke dry quenching and supporting waste heat comprehensive utilization project, as well as a 30,000 normal cubic metres per hour coke oven gas to LNG co-production high-purity hydrogen project.

Mainstream coke producers in Hebei, Shanxi and other regions have issued letters to raise coke prices by 50 to 55 yuan per tonne, with the increase scheduled to take effect from 0:00 on the 20th. The latest coke price on 17 August was 1,868.75 yuan per tonne, up 11.40 percent over the past 90 days. Data from the National Bureau of Statistics show that in July 2026, raw coal output of industrial enterprises above designated size was 343 million tonnes, down 10.1 percent year on year and the lowest since October 2021. Changjiang Securities said in a research note that coke industry profitability is already at a historical bottom, new capacity additions on the supply side are entering their final stage, and emerging coal chemical demand on the demand side continues to grow, with the overall picture showing a bottoming-out and stabilising trend. Huachuang Securities said in a research note that the overseas coke market is also warming up, with Indonesia's coke FOB price reaching 275 US dollars per tonne in May 2026, providing some support for domestic coke prices.