Pingmei Coal Group: There is currently no overproduction situation.

On August 4th, Pingmei Coal Group stated on the interactive platform that the company currently does not have a situation of overproduction. The national series of policies against "involution" will lead to a contraction in the overall supply of coal, improving profits in the downstream steel industry and transmitting them to the upstream. Expectations for demand are improving with the large-scale infrastructure projects driving it up, and the company's performance is expected to recover upwards due to the rebound in coal prices.