Lates News

The research report of CITIC Securities indicates that although the coal companies have strengthened their cost control efforts for coal production this year, the overall net profit of sample companies in the first half of the year decreased by about 32% year-on-year, with a quarter-on-quarter decrease of about 15% in the second quarter, dragged down by factors such as the decline in coal prices. Against the backdrop of declining performance, the sector's mid-term dividends have increased to some extent, reflecting the leading companies' proactive attitude towards rewarding investors. Looking ahead to the second half of the year, the industry's supply-demand pattern may improve overall, and the central coal price may see a significant increase compared to the second quarter, with a significant improvement in performance quarter-on-quarter in the third quarter. Factors such as the implementation of policies to prevent overwork may become the main catalyst for the sector's performance.