HK Stock Market Move | Mongolia coking coal (00975) rose by more than 5% during trading, and the full-year performance is under pressure. BKH gold mine contributed core performance growth this year.

Mongolian Coal (00975) rose more than 5% in the trading session, up 3.87% as of the press release, at HK$10.47, with a turnover of HK$23.74 million. On the news front, Mongolian Coal released its annual results, with total operating income of US$823 million, a year-on-year decrease of 20.8%; achieving a net profit attributable to the owners of the parent company of US$6 million, a year-on-year decrease of 97.5%. The main reason for the profit decline was the decrease in the average selling price of the washed coking coal products, as well as a one-time loss of US$25.049 million due to the early redemption of the preference notes due in 2026. Guolian Minsheng Securities released a research report stating that the company's coal sales volume growth, with cost reductions not keeping up with selling prices, is putting pressure on profitability; in 2026, the BKH gold mine is expected to reach full production status, potentially contributing US$0.77 million in profit. In addition, details of the Mongolian government's revenue sharing policy may be clarified by the end of June.