Pingdingshan Tianan Coal Mining Co., Ltd. reported a 22.84% year-on-year increase in net profit attributable to shareholders for the first half of 2026.

The company posted operating revenue of 12.28 billion yuan($1.83 billion) in January-June, up 21.34% from a year earlier, while net profit reached 317 million yuan. Deducting non-recurring items, profit rose 6.85% year on year to 302 million yuan, with basic earnings per share at 0.1281 yuan.

Revenue growth was driven mainly by higher commercial coal sales volumes and selling prices, the company said in its interim report. Commercial coal sales totaled 13.34 million tonnes in the first half, achieving full production and full sales, while washed primary coking coal output surged by 1.54 million tonnes year on year. Main business revenue reached 10.99 billion yuan, up 25.09% from the same period last year.

Net cash flow from operating activities jumped 532.58% year on year to 2.55 billion yuan in the first half. Total assets stood at 84.85 billion yuan at the end of the reporting period, up 4.79% from 80.97 billion yuan at the end of 2025.

The company's coal products mainly comprise primary coking coal, one-third coking coal and fat coal, featuring low sulfur, low ash, low phosphorus and low alkali metal content. Its primary coking coal quality and production capacity rank among the top nationally, with some specifications outperforming imported coal, the company said.

Pingmei Coal said it has implemented strategies focused on innovation, technology and talent development, with continued efforts in work safety, intelligent mining, clean and efficient coalbed methane utilization, and replacement of labor-intensive positions. Advanced techniques such as shield tunneling and roof-cutting entry retention have been widely applied, while fixed facilities including ventilation rooms and substations now operate unattended. Methane and ground stress monitoring have achieved automated real-time tracking, and some mines have installed belt centralized control systems that adjust transport speed based on load to reduce energy consumption.

Looking ahead to the second half of 2026, the company expects domestic coal output to remain constrained under routine safety inspections and anti-overproduction policies, with import coal potentially facing a turning point. Supply is likely to stay tight overall, while thermal coal prices find bottom support from peak summer power demand and winter stockpiling. For washed coking coal, limited active restocking by steel mills amid weak profitability will keep supply and demand in a tight balance, with macroeconomic policy effects, crude steel output controls, raw coal price trends and steel price fluctuations set to be key market drivers.