Shaanxi Coal Industry Company (601225) H1 2024 earnings summary

Executive summary

• Revenue for H1 2024 was RMB 84.74 billion, down 6.54% year-over-year due to lower coal prices.

• Net profit attributable to shareholders was RMB 10.56 billion, down 8.83% year-over-year.

• Coal output reached 86.41 million tons, up 2.78% year-over-year; sales volume was 131.55 million tons, up 2.29%.

• Proposed interim cash dividend of RMB 1.09 per 10 shares, totaling RMB 1.056 billion, representing 10% of net profit.

Financial highlights

• Operating income: RMB 84.74 billion, down 6.54% year-over-year.

• Net profit attributable to shareholders: RMB 10.56 billion, down 8.83% year-over-year.

• Operating cash flow: RMB 19.97 billion, up 21.47% year-over-year.

• Basic and diluted EPS: RMB 1.09, down 8.40% year-over-year.

• Gross margin: 35.3% (calculated from revenue and cost figures).

Outlook and guidance

• Management notes macroeconomic volatility, coal price fluctuations, and policy changes as key uncertainties for 2024.

• Company will focus on cost control, digital transformation, and green development to mitigate risks.