Coal stocks lead A-share gains for the year; list of 10 low-PE stocks with strong performance released.

Coal market remains robust despite the off-season, with Qinhuangdao thermal coal prices breaking the 1,000 yuan/ton mark, up over 40% year-on-year. Driven by strong coal prices, according to Securities TimesData Treasure, as of the close on October 12, the coal index has risen 24.45% year-to-date, far outpacing the A-share broad market index over the same period and ranking first among Shenwan industries during the same period. 23 coal stocks have seen their share prices rise year-to-date, accounting for 67.64% of the total. Haohua Energy has climbed 83.23% year-to-date, ranking first. The company achieved a net profit of 745 million yuan in the first half of 2026, up 66.14% year-on-year. In terms of valuation levels, among coal stocks with positive net profit in the first half of 2026 and year-on-year growth of over 20%, 10 have a trailing price-to-earnings ratio below 30 times, including Dian, Xinji Energy, Shaanxi Coal Industry, Huayang Co., Ltd., and Shanmei International. Among the aforementioned 10 low-P/E, high-growth coal stocks, the latest dividend yields all exceed 1%, with Shaanxi Coal Industry, Dian, Huayang Co., Ltd., Shanmei International, and Yankuang Energy all having dividend yields above 2%. Shaanxi Coal Industry has a dividend yield of 3.37%, ranking first, with an average dividend payout ratio exceeding 50% since its listing.