Shaanxi Coal Industry Company (601225) Q2 2025 earnings summary

Executive summary

• Faced with shrinking coal demand, supply shocks, and weakening expectations, operations focused on safety, efficiency, reform, and innovation, achieving record production and sales volumes.

• Coal output reached 87.40 million tons, up 1.15% year-over-year; sales hit 125.99 million tons, up 0.92%.

• Power generation totaled 17.77 billion kWh, down 11.82% year-over-year; electricity sales were 16.62 billion kWh, down 11.38%.

Financial highlights

• Revenue was RMB 77.98 billion, down 14.19% year-over-year, mainly due to a 23.81% drop in coal prices.

• Net profit attributable to shareholders was RMB 7.64 billion, down 31.18% year-over-year.

• Total profit was RMB 15.47 billion, down 29.62% year-over-year.

• Operating cash flow was RMB 15.82 billion, down 27.79% year-over-year.

• Basic EPS was RMB 0.79, down 31%.

Outlook and guidance

• Strategic focus on optimizing industrial layout, expanding coal production capacity, and advancing key mining projects.

• Continued emphasis on cost control, technological innovation, and governance to enhance competitiveness.