Shaanxi Coal Industry Co., Ltd. reported a sharp rise in first-half net profit, driven by higher self-produced coal prices and sales volumes.

The company posted revenue of 78.90 billion yuan ($11.63 billion)  in January-June of 2026, up 1.17% year on year, with net profit attributable to shareholders reaching 11.27 billion yuan, up 47.57% from a year earlier. Earnings per share stood at 1.16 yuan.

Coal output during the period totaled 91.17 million tonnes, up 4.32% year on year, while coal sales fell 2.44% to 122.92 million tonnes. The average coal selling price rose 10.07% year on year to 483.96 yuan/t, with self-produced coal prices up 13.49% at 477.13 yuan/t and purchased coal prices up 5.29% at 498.38 yuan/t. Unit full cost of raw coal increased 1.01% year on year to 282.84 yuan/t.

As of the end of the reporting period, the company held coal reserves of 20.75 billion tonnes, with recoverable reserves of 11.51 billion tonnes and approved production capacity of 164 million tonnes per annum, representing a mine life of about 70 years. Over 97% of its coal resources are located in high-quality mining areas. The company operates large-capacity, high-parameter clean coal-fired power units, with total controlled installed capacity of 21,580 MW, including 11,580 MW in operation and 10,000 MW under construction.

Power generation in the first half totaled 19.09 TWh, up 7.45% year on year, while electricity sales rose 8.02% to 17.95 TWh. The average electricity price fell 6.87% year on year to 379.63 yuan/MWh, with full generation cost down 3.60% at 330.24 yuan/MWh, including fuel costs of 213.75 yuan/MWh, down 2.77%.

Coal operations generated 70.72 billion yuan in revenue, accounting for 89.64% of total revenue, while power operations contributed 6.82 billion yuan, or 8.64%. Transportation and other businesses accounted for 0.25% and 1.47% respectively.

The company proposed a cash dividend of 0.58 yuan per 10 shares (including tax), totaling 564 million yuan, representing 5% of net profit attributable to the parent company in the unaudited consolidated statement.

Looking ahead to the second half, Shaanxi Coal expects the coal market to enter a phase of intertwined bullish and bearish factors, with tight supply-demand balance during peak seasons and prices fluctuating at elevated levels, while supply-guarantee and price-stabilization policies coexist with periodic supply tightness.