Haohua Energy’s profit halves in first nine months as coal prices fall

Beijing Haohua Energy Resource announced its operating results for January to September 2025, revealing a substantial decrease in key financial metrics. Net profit attributable to shareholders for the first three quarters fell by 50.50% to RMB 554,073,201.31, while basic earnings per share decreased by 50.67% to RMB 0.38. Total operating revenue for the period was RMB 6,306,686,164.59, down 7.85% year-on-year. This decline is largely due to a significant drop in coal prices, which led to a 42.08% reduction in coal sales gross profit for the first nine months. However, methanol gross profit saw a substantial increase of 294.17%, driven by lower raw coal prices.

The company's board of directors approved the Q3 2025 report and other key proposals, including revisions to the company's Articles of Association and Board of Directors' Rules of Procedure. All resolutions were passed without opposition. The board also approved the appointment of Zhang Lisheng as the new chief engineer, effective immediately.

During the third quarter of 2025, the company's self-produced coal output decreased by 7.50% to 4.203m tons, and sales decreased by 6.89% to 4.2417m tons. In contrast, methanol production increased by 54.99% to 127,500 tons, and sales surged by 132.70% to 133,000 tons, reflecting a strategic shift in profitability. These unaudited operating figures are provided for investor information, with official financial data to be published in the third-quarter report.