Yankuang Energy first quarter profit declines amid lower prices

Yankuang Energy Group (SSE:600188) reported a decrease in net profit attributable to shareholders of 27.89% year-on-year, falling to CNY 2.71 billion for the first quarter of 2025. The decline is primarily attributed to lower average selling prices for coal and related products. Overall revenue decreased by 23.53% to CNY 30.31 billion. Coal sales volume decreased 8.1% to 31.43 million tonnes, while coal sales revenue decreased to CNY 17.32 billion. Despite the profit decline, the company announced several key strategic initiatives, including a proposed acquisition of a 51% stake in Northwest Mining Co., and the signing of a new continuing connected transaction agreement with Shandong Energy Group. There have been changes in the company's board, including the departure of supervisors and the addition of new independent directors.