Shaanxi Coal approves governance changes, forecasts 2026 related-party transactions

Shaanxi Coal Industry Company (SSE:601225) held its Fourth Board of Directors' Fourth Meeting on October 28, 2025, approving adjustments to its corporate governance structure. This includes the elimination of the supervisory board, with its functions transferred to the board's audit committee. This structural change, alongside revisions to the company's Articles of Association and other related policies, will be submitted for shareholder approval.

At the same meeting, the board approved the forecast for the company's 2026 routine related-party transactions. These include a wide array of activities with Shaanxi Coal and Chemical Industry Group and its affiliates, primarily for procurement, sales of materials and services, and financial services, with estimated values totaling hundreds of millions of yuan. For instance, projected procurement of raw materials and services stands at CNY 4,555,290 thousand, and coal sales at CNY 2,004,075 thousand.

The board also approved the company's 2025 Third Quarterly Report, which was subsequently sanctioned by the Supervisory Board. The report indicates a total operating revenue of CNY 118,083,109,267.01 for the first nine months of 2025, and a net profit attributable to shareholders of CNY 12,713,003,978.99.