Yitai Coal: Q3 revenue falls, company sells railway stake for 6.28 bn yuan

Inner Mongolia Yitai Coal Co., Ltd. announced a substantial decline in its third-quarter 2025 performance, with operating revenue for the period decreasing by 19.26% year-on-year to 10.37 bn yuan. Net profit attributable to shareholders also fell by 29.13% to 1.32 bn yuan. The company attributed the reduced profitability primarily to a drop in coal sales prices during the reporting period, which also impacted the cumulative profit for the first nine months, down 32.55% to 5.45 bn yuan.

In a significant strategic move, Yitai Coal also disclosed the sale of a 51% stake in its controlling subsidiary, Inner Mongolia Yitai Hujun Railway Co., Ltd., to China Railway Hohhot Group Co., Ltd. for approximately 6.28 bn yuan. This transaction, completed on September 29, 2025, will reduce Yitai Coal's ownership in the railway company to 21.6569%.

For the third quarter, coal production decreased by 5.82% to 13.60m tons, while coal sales fell by 4.65% to 18.00m tons compared to the previous year. This led to a 24.92% reduction in sales revenue to 7.49 bn yuan and a 33.00% decrease in gross profit from sales to 2.13 bn yuan.