China Coal Energy sees mixed H1 2025 results amid market downturn

In the first half of 2025, China Coal Energy reported revenue of RMB74.4 bn, a 19.9% decrease year-on-year, with profit attributable to equity holders at RMB7.3 bn, down 31.5%. Despite a RMB114/tonne decrease in the sales price of self-produced commercial coal, the company's unit cost of sales for this segment fell by RMB15.38/tonne to RMB316.88/tonne, contributing to a coal business gross profit of RMB10.729 bn.

The coal chemical business achieved a gross profit of RMB1.295 bn, although sales prices for urea and polyolefin declined. Power generation saw a significant increase, rising 27.2% year-on-year to 7.75 bn kWh. The coal mining equipment segment's gross profit grew by 10.2% to RMB932m, and financial operations' profit before income tax increased to RMB738m.

Total assets as of June 30, 2025, stood at RMB356.792 bn, a slight decrease of 0.3% from the end of 2024. The gearing ratio was 25.1%. Capital expenditure for the period was RMB6.972 bn, representing 32.16% of the annual budget, with significant investments in coal chemical and power generation projects.