HK Stock Market Move | Most coal stocks are up, SHOUGANG RES (00639) rises more than 7%, main coking coal contract hits limit up today.

Most coal stocks rose, as of the time of publication, SHOUGANG RES(00639) rose 7.64% to HK$3.24; CHINA QINFA(00866) rose 5.23% to HK$3.02; Yankuang Energy Group(01171) rose 4.57% to HK$10.53; China Coal Energy(01898) rose 3.65% to HK$10.78. On the news front, on January 7th, the main contract for coke coal at Dalian Commodity Exchange hit the daily limit up, rising to 1164 yuan/ton, up 7.98%; the main contract for coke rose 6.7%, to 1752 yuan/ton. Sealand pointed out that looking ahead to 2026, "the warmth of coal fire, the slight tilt of the balance", the industry's supply and demand relationship is expected to improve, coupled with policy support, the central coal price is expected to rise, with the central price of North Port coal at around 750 yuan, and the average price of North Port coking coal at around 1550 yuan, the industry's profitability is expected to undergo some repair. At the same time, in the low interest rate era, the high dividend value of the coal sector is an important point of institutional allocation. Tianfeng's research report on January 6th pointed out that SHOUGANG RES is mainly engaged in the extraction, production, and sales of coking coal and metallurgical coke. The company owns three operating coking coal mines in Liulin County, Shanxi province, with a capacity of 1.75 million tons per year each, and a total capacity of 5.25 million tons per year. In terms of the company's expense ratio and leverage ratio, the company's management is relatively conservative and steady. However, from the perspective of gross profit margin and net profit margin, the company's profitability is strong.