HK Stock Market Move | Yancoal Australia (03668) falls nearly 4% with third quarter coal production remaining stable compared to the previous quarter. Operational guidance for the year remains unchanged.

YANCOAL AUS (03668) fell nearly 4%, as of the time of publication, it dropped 3.7% to 27.62 Hong Kong dollars with a trading volume of 18.6138 million Hong Kong dollars. On the news front, on October 20th, YANCOAL AUS released its third-quarter report for the period ending September 30, 2025. Despite disruptions due to rainfall this quarter, the total coal production was in line with the company's forecast. The total coal production was 12.3 million tons (100% basis), which was flat compared to the previous quarter. As expected, due to the sales gap caused by weather-related shipping delays at the end of the second quarter being compensated for, the equity sales volume this quarter exceeded the equity production volume. The overall coal sales price in the third quarter of 2025 was 140 Australian dollars/ton, with the thermal coal sales price remaining stable and the metallurgical coal sales price decreasing by 1% compared to the previous quarter. The sales price reflects a lag effect of coal price indices, exchange rates, and sales contract structures. 2025 operating guidance (unchanged): Equity commodity coal production is expected to be 35 to 39 million tons - production is currently higher than the midpoint of the range, and the full-year production may reach the upper end of the range. Cash operating costs are expected to be 89 to 97 Australian dollars/ton - 93 Australian dollars/ton in the first half of 2025, and we expect it to be at the midpoint of the range for the full year. Equity capital expenditure is expected to be 750 million to 900 million Australian dollars - progress is smooth, and is expected to be within the guidance range.