Wintime energy reports Q3 results, highlights guarantees and business growth

Wintime Energy reported a cumulative guarantee balance of CNY 1,954,376.10m for the third quarter of 2025, representing 41.45% of its latest audited net assets. The company facilitated various guarantees for wholly-owned and controlled subsidiaries, covering diverse financing activities. Adjustments were made to guarantee quotas, including a CNY 3,552m transfer from Dunhuang Huichong Mining Co., Ltd. to Danyang Zhongxin Huahai Clean Energy Co., Ltd.

The company's electricity business generated CNY 130.52bn in revenue, with 31.429bn kWh of electricity generated, marking a 0.19% decrease year-on-year. Thermal power plants, including those in Zhengzhou and Zhangjiagang, achieved record-high generation in the third quarter. The coal business contributed CNY 4.213bn in revenue, with raw coal production reaching 11.331m tons, a 14.16% increase, though overall performance was impacted by lower coking coal prices.

Significant strategic moves include the establishment of new subsidiaries such as Danyang Zhongxin Huahai Thermal Power Co., Ltd. Wintime Energy's controlled subsidiary, Huaxin Energy (Singapore) Pte. Ltd., successfully completed a capital increase of $21.90m. The company is also advancing its Haizetan Coal Mine project, which is on track for trial production by early 2027.