Chinese coal miner Kinetic Development's half-year profit jumps on higher prices

Kinetic Development

24/08/2026 15:59

Overview
China coal miner's half-year revenue rose 0.4% yr/yr to RMB2.52 bln
Gross profit for the period increased 12.6% yr/yr
Net profit after tax jumped 35.6% yr/yr

Outlook
Company did not provide specific financial guidance or outlook for future periods in the press release

Result Drivers
COAL-PRICE AND COST GAINS – Gross margin rose 5.7 percentage points to 52.6%, driven by higher coal prices and financial-control measures that reduced coal-product costs

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
 
RMB 2.52 bln
 

Analyst Coverage
The one available analyst rating on the shares is "buy"
The average consensus recommendation for the coal peer group is "buy"
The stock recently traded at 8 times the next 12-month earnings vs. a P/E of 9 three months ago

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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.)