ZJMI Environmental Energy Co., Ltd. reported a 19.66% year-on-year increase in net profit for the first half of 2026, driven by improved profitability across its coal trading, cogeneration and new energy segments.

The company posted operating revenue of 17.16 billion yuan in January-June, down 6.83% from a year earlier, while net profit attributable to shareholders reached 362 million yuan, up 19.66% year on year, according to its interim report released on August 18.

Coal trading remained the core revenue driver, generating 15.29 billion yuan in operating revenue and 158 million yuan in net profit, up 8.77% year on year, despite coal sales volume falling 16.10% to 26.76 million tonnes amid volatile market conditions.

The company said it strengthened upstream mine-mouth procurement and expanded railway direct supply to major power plants, while advancing international logistics coordination to smooth market cycle fluctuations.

Its cogeneration segment expanded to seven plants with annual heating capacity of nearly 18 million tonnes and over 700 km of heating pipelines. Steam sales rose 24.49% year on year to 5.30 million tonnes, power supply increased 12.36% to 773.67 GWh, and compressed air sales grew 16.42% during the period.

The cogeneration business posted operating revenue of 1.70 billion yuan and net profit of 282 million yuan in the first half, up 14.02% year on year.

The new energy segment turned profitable, recording net profit of 4.11 million yuan versus a loss a year earlier, as energy storage projects achieved commercial breakthroughs, including mobile storage units deployed at oilfield operations.

Research and development investment rose 13.07% year on year to 73.81 million yuan, with the company securing 36 new national patents. Sludge treatment volume reached 399,300 tonnes, while biomass processing totaled 1.14 million tonnes, up 37.36% year on year.

The company said it will continue advancing its dual-driven strategy of energy trading and energy industrial operations, with technology innovation supporting green transition and supply chain upgrades in the second half.