Zhengzhou coal profit plunges despite increased production, sales

Zhengzhou Coal Industry & Electric Power (SSE:600121) reported a significant drop in net profit for the first quarter of 2025, despite increased coal production and sales volumes. The company's first-quarter report revealed a net loss attributable to shareholders of CNY -60,200,937.40, a stark contrast to the CNY 33,825,037.29 profit in the same period last year. Excluding non-recurring items, the net loss was CNY -64,967,729.96 compared to CNY 32,678,946.62 profit year prior. This resulted in a negative weighted average return on net assets of -3.25% compared to 2.07% year prior.