Wintime Energy reports significant revenue and profit decrease in H1 2025

Wintime Energy Group Co., Ltd. announced its H1 2025 results with revenue of 10.68 bn yuan, down 26.44% from 14.51 bn yuan in H1 2024. Net profit attributable to shareholders also saw a significant drop of 89.41% to 125.92m yuan. This decline is primarily attributed to a continuous market price decrease in coking coal products and a temporary reduction in power generation due to line construction.

Despite the financial downturn, the company's core businesses, electricity and coal, maintained stable operations. Electricity generation reached 17.894 billion kWh, with sales of 16.961 billion kWh, generating 7.824 bn yuan in revenue. Coal production was 6.9131 million tons, with sales of 6.8901 million tons, contributing 2.538 bn yuan to revenue. The Haizetan coal mine project is advancing, with trial production expected by June 2026 and full production by Q1 2027.

The company also executed a stock repurchase program totaling 501m yuan, leading to the cancellation of 400 million shares and a reduction in total share capital, aimed at enhancing shareholder value.