Mongolia Mining (00975) saw its shares rise more than 5% during the trading session. At the time of writing, the stock was up 3.87% to HK$10.47, with a turnover of HK$237.424 million. The company reported its annual results, revealing total revenue of US$823 million, a decline of 20.8% year-on-year. Net profit attributable to shareholders was US$0.6 million, down 97.5% compared to the previous year. The drop in profit was mainly due to lower average selling prices for washed coking coal products and a one-time loss of US$25.049 million from the early redemption of senior notes maturing in 2026. Guolian Minsheng Securities noted in a research report that while coal sales volume increased, the decline in costs did not keep pace with the drop in selling prices, putting pressure on profitability. By 2026, the Black Hills gold mine is expected to reach full production capacity and could contribute US$77 million in profit. Additionally, details regarding the Mongolian government's profit-sharing policy are anticipated to be clarified by the end of June.