Inner Mongolia Yitai Coal ( 900948) H2 2025 earnings summary

Executive summary

• Achieved annual revenue of RMB 41.40 billion, down 20.33% year-over-year; net profit attributable to shareholders was RMB 5.08 billion, down 1.40% year-over-year.

• Completed acquisition of 50.1% of New Trend Energy, expanding into overseas oil and gas exploration and sales.

• Proposed cash dividend of RMB 2 per share, total payout RMB 5.86 billion, representing 115.22% of attributable net profit.

Financial highlights

• Operating income: RMB 41.40 billion, down 20.33% year-over-year.

• Net profit attributable to shareholders: RMB 5.08 billion, down 1.40% year-over-year.

• Operating cash flow: RMB 9.39 billion, down 36.80% year-over-year.

• Basic EPS: RMB 1.74; weighted average ROE: 10.62%.

• Total assets: RMB 123.29 billion at year-end, up 46.90% year-over-year.

Outlook and guidance

• 2026 coal production and sales volume expected to decrease by ~18% year-over-year; unit sales price to drop by 3.92%, and unit cost to rise by 7.09%.

• Strategic focus on stabilizing coal, strengthening coal chemicals, and expanding overseas oil and gas.

• Planned capital expenditure for 2026: RMB 13.49 billion.