Pingmei Coal sees Q3 decline, board secretary change, and new guarantees

Pingdingshan Tianan Coal Mining Co., Ltd. reported a substantial decrease in key financial metrics for Q3 2025. Total operating revenue for the nine months ended September 30, 2025, fell by 36.46% to CNY 14.82 bn, while net profit attributable to shareholders declined by 86.32% to CNY 279.67 m. Basic earnings per share also saw an 86.56% decrease to CNY 0.1130. This decline is attributed to a reduction in coal prices.

The company also announced the resignation of Mr. Xu Jinfeng as a director and board secretary due to work adjustments, effective October 28, 2025. Concurrently, Mr. Liu Jinxiang was appointed as the new board secretary, effective October 29, 2025, until the end of the ninth board of directors' term. Mr. Liu Jinxiang brings a master's degree and senior economist qualifications to the role.

Pingmei Coal will provide a guarantee of up to CNY 300 m for its controlled subsidiary, Henan Pingmei Shenma Rufeng Carbon Materials Technology Co., Ltd. The guarantee covers working capital loans and financing leases, with a total outstanding guarantee amount reaching CNY 1.932 bn as of the announcement date, representing 6.6% of the company's net assets.