Shanxi Lanhua secures coal rights, revised estimates to boost 2025 profit

Shanxi Lanhua Sci-Tech Venture (SSE:600123) announced it has obtained a coal prospecting right certificate for the Sitou block in Yangcheng County from the Shanxi Provincial Department of Natural Resources. The certificate covers an exploration area of 15.4903 square kilometers and is valid from December 12, 2025, to December 12, 2030, laying the groundwork for future mining right applications.

Concurrently, the company announced a change in accounting estimates, extending the useful life of fixed assets. This change, effective October 1, 2025, aligns with the company's improved maintenance practices and asset utilization, as well as industry standards. The adjustment is expected to increase the company's total profit for 2025 by approximately CNY 30 million.

The accounting estimate change was approved by the board's audit committee and the board of directors on December 15 and 16, 2025, respectively. It will be applied prospectively and will not require restatement of prior financial statements.