Huaibei Mining forecasts 65% profit decline for first half

Huaibei Mining Holdings forecasts net profit attributable to shareholders of approximately 1.027 billion yuan for the first half of 2025, representing a decline of about 1.908 billion yuan or 65% year-over-year.

The company attributes the substantial decline to relaxed domestic coal supply-demand conditions and weak coal prices in the first half, which significantly impacted core business profitability.