China Coal Energy H1 profit rises on chemical margin expansion

China Coal Energy

21/08/2026 09:49

Overview
China coal miner's interim revenue fell 1.8% yr/yr for six months ended June 2026
Profit attributable to equity holders rose 11.8% yr/yr in first half; gross profit rose 69.2% yr/yr
Basic EPS increased to RMB0.62 from RMB0.55 yr/yr

Outlook
Company did not provide specific financial guidance or outlook for the current or future periods

Result Drivers
COAL PRICE GAINS – Higher self-produced coal prices added RMB3.319 bln of revenue, partly offset by a 5.69 mln-tonne sales-volume decline
CHEMICAL MARGIN EXPANSION – Higher chemical volumes and prices lifted gross profit 69.2%, while polyolefin repair costs fell after prior-year overhauls
NONRECURRING CHARGES – Other income and gains swung to a RMB399 mln loss from RMB169 mln income, mainly due to asset write-offs and late-payment surcharges

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 73.14 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the coal peer group is "buy"
Wall Street's median 12-month price target for China Coal Energy Co Ltd is HK$15.80, about 40.9% above its August 20 closing price of HK$11.21
The stock recently traded at 7 times the next 12-month earnings vs. a P/E of 9 three months ago

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Aug 18 - China's Huaneng Power H1 revenue falls as utilization hours reduce

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)