HK Stock Market Move | China Coal Energy (01898) rose nearly 4%, with third quarter net profit showing significant improvement compared to the previous quarter. The company recently proposed to invest 1 billion yuan to subscribe to the central enterprise reform and development fund.

China Coal Energy (01898) rose nearly 4%, as of the time of writing, it rose 3.11% to HK$11.29 with a turnover of HK$92.568 million. On the news front, China Coal Energy recently released its performance for the first three quarters of 2025. Huatai pointed out that China Coal Energy's third-quarter revenue fell by 23.78% year-on-year, an increase of 0.29% quarter-on-quarter; net profit decreased by 0.96%, an increase of 28.26% quarter-on-quarter. For the first three quarters of this year, revenue fell by 21.24% year-on-year, and net profit decreased by 14.57% year-on-year. The bank stated that the net profit for the third quarter of the company improved significantly on a quarterly basis and was close to flat on a year-on-year basis, mainly due to the cost reduction of self-produced coal, the rebound in the average selling price of coal, and the recovery of coal chemical volume profits. Of note, China Coal Energy recently announced that the company participated in the capitalization of a state-owned enterprise's New Fund. The fund is established by the company, with the company subscribing to RMB 1 billion worth of fund shares, accounting for 1.96%. The total transaction amount for this transaction is RMB 10 billion, which is sourced from the company's own funds. The purpose of this transaction is to implement national strategic deployment, promote state-owned enterprise New Industries Biomedical Engineering and future industry development, and highlight the core values of long-term capital, patient capital, and strategic capital. The investment scope of this fund is highly synergistic with the company's main business, and through the fund, it can access a wider range of industrial and financial platforms, helping the company expand its industry cooperation ecosystem.