Liaoning Energy has issued a profit warning, estimating a net loss attributable to shareholders of 362 million to 543 million yuan for the first half of 2026, compared with a profit of 14.22 million yuan in the same period last year. The net loss after deducting non-recurring items is expected to be 315 million to 472 million yuan, versus a profit of 15.86 million yuan a year earlier. The company attributed the decline mainly to lower coal production and selling prices, which led to reduced operating revenue. Based on the latest closing price, the company's price-to-book ratio is about 0.77 times, and its price-to-sales ratio is about 0.95 times.
Liaoning Hongyang Energy Resource Invest Co LtdLower coal production and selling prices reduce operating revenue, leading to a large expected loss.