Huaibei Mining Holdings Co Ltd

Huaibei Mining released its 2026 interim report. Total operating revenue was 21.445 billion yuan, up 3.69% year-on-year. Net profit attributable to the parent company was 1.239 billion yuan, up 20.11% year-on-year. Net cash inflow from operating activities was 2.385 billion yuan, up 12.19% year-on-year. The company's asset-liability ratio was 49.41%, and gross margin was 20.44%, an increase of 1.46 percentage points from the same period last year, marking a second consecutive year of growth. Diluted earnings per share were 0.46 yuan, up 21.05% year-on-year.

On August 6, the coal mining concept rose 3.06% during the session. Haohua Energy and Jiangwu Equipment hit the daily limit up, while Huaibei Mining, Jinneng Holding Coal Industry, and Yankuang Energy gained over 5%. A research note from Changjiang Securities pointed out that the coal industry faces a window for capacity reduction in 2026, with effective thermal coal supply expected to decline 1.9% year-on-year to 3.806 billion tonnes. Short-term supply is under pressure, while policy efforts to curb excessive competition through overproduction checks are helping stabilize coal prices. In the first half of 2026, the average thermal coal price at Qinhuangdao Port rose 13.2% year-on-year to 767 yuan per tonne. A separate note from Shenwan Hongyuan Securities noted that the coal industry's supply-demand structure is undergoing a structural adjustment in 2026. Coal consumption for power generation is expected to grow 3.0% to 2.997 billion tonnes, while coal use in the chemical sector is set to surge 20.0% to 516 million tonnes, becoming the main source of incremental demand. Meanwhile, coal consumption in steel and building materials is expected to remain flat or decline. On the supply side, domestic commercial coal output is forecast to edge up 0.8% to 4.516 billion tonnes, with net imports narrowing to 440 million tonnes. Overall supply is tight, and the industry will enter a destocking cycle, with theoretical inventories projected to fall by 184 million tonnes. The coal price center is expected to find support.

Huaibei Mining announced that Unit 1 of the 2×660MW ultra-supercritical coal-fired power generation project, constructed by its subsidiary Huaibei Juneng Power Generation Company, has successfully completed a 168-hour full-load trial run. All technical indicators met standards, and the unit has entered commercial operation. The project is a key supporting power source under Anhui Province's 14th Five-Year Plan for energy and power development, with a planned annual power generation of 5.94 billion kilowatt-hours. With Unit 1 now in service, both units of the project have been fully completed. Once fully operational, they will help alleviate the tight power supply-demand situation in Anhui and expand the company's coal-power integration scale.