China Coal Energy Company Limited (Stock Code: 01898) reported its unaudited financial and operational updates for the nine months ended 30 September 2025. Operational revenue reached RMB110.58 billion, down 21.2% year on year. Net profit attributable to shareholders stood at RMB12.48 billion, a 14.6% decrease from the same period last year. Total profit amounted to RMB18.91 billion, reflecting a 22.9% year-on-year decline. Basic and diluted earnings per share both stood at RMB0.94. As of 30 September 2025, total assets rose 2.5% to RMB366.80 billion, while owners’ equity attributable to shareholders grew 3.6% to RMB157.36 billion.
From January to September 2025, production of commercial coal totaled 101.58 million tonnes, a slight decrease of 0.7% compared to the same period last year, and sales volume of commercial coal reached 190.36 million tonnes, down 7.4%. Sales revenue from coal operations amounted to RMB89.33 billion. Among self-produced commercial coal, thermal coal production showed a mild year-on-year growth, while coking coal production decreased 18.2%. Proprietary coal trading revenue declined year on year, attributed to both lower average sales prices and lower sales volumes.
In coal chemical operations, polyolefin production declined 13.5% year on year, while urea and methanol production increased 21.5% and 21.8%, respectively. Unit cost of sales for self-produced commercial coal was RMB257.67 per tonne, 10.1% lower than the same period in 2024, driven mainly by reductions in materials expenses and higher utilization of relevant safety and maintenance funds.
During the reporting period, the company’s net cash flow used in investing activities increased due to capital expenditures and higher intergroup lending, while net cash flow used in financing activities decreased year on year due to higher net debt financing and lower cash dividends. As of 30 September 2025, the total number of ordinary shareholders stood at 92,932, with China National Coal Group Corporation remaining the largest shareholder, holding 57.43% of the issued share capital.
The full text of the third quarterly report of 2025, in Chinese only, is available on the website of The Stock Exchange of Hong Kong Limited. The board of directors and senior management of China Coal Energy state that all published data are true, accurate, and complete, and that the financial statements are unaudited.