Pingmei Group's Q1 2025 revenue plummets amid lower production

Pingdingshan Tianan Coal Mining (SSE:601666), reports a challenging first quarter in 2025, marked by a significant drop in operating revenue. According to its first-quarter operating data announcement, revenue decreased by 34.69% year-over-year, falling to CNY 5.40 billion from CNY 8.27 billion, with net profit attributable to shareholders plummeting 79.50% to CNY 151.76 million, a stark contrast to last year's CNY 740.46 million.