Anhui Hengyuan Coal adjusts governance, reports Q3 net loss

Anhui Hengyuan Coal Industry And Electricity Power announced on October 24, 2025, the approval of a proposal to amend its Articles of Association, including the abolition of the supervisory board. Its functions will be assumed by the board's audit committee. This structural change, effective upon shareholder approval, aims to streamline governance by incorporating new provisions for controlling shareholders, actual controllers, and dedicated board committees.

Concurrently, the company is renewing its engagement with Rongcheng Certified Public Accountants (Special General Partnership) as its audit institution for 2025, with an annual audit fee of CNY2.28 million, a 0.44% decrease from the previous year. This decision was approved by the board's audit committee and is awaiting shareholder approval.

Financially, for the first three quarters of 2025, Anhui Hengyuan Coal reported total operating revenue of CNY3.78 billion and a net profit attributable to shareholders of CNY-99.72 million. The company also continues its wealth management strategy, utilizing idle funds to purchase low-risk brokerage wealth management products totaling CNY500 million across five separate investments, as approved by the board in August 2025.