Xinji Energy released its 2026 interim report, achieving operating revenue of 7.892 billion yuan, up 35.82% year on year. Net profit attributable to the parent company was 1.217 billion yuan, up 32.27%, and net profit after deducting non-recurring items was 1.222 billion yuan, up 30.75%. Net cash flow from operating activities was 2.228 billion yuan, up 36.98%. The company produced 10.2543 million tonnes of commercial coal, up 3.19%, and sold 10.12 million tonnes, up 7.27%. As newly built coal-fired power projects in Shangrao, Chuzhou, and Lu'an entered commercial operation, the company's power generation reached 12.302 billion kilowatt-hours, surging 84.55% year on year, while on-grid electricity was 11.624 billion kilowatt-hours, up 85.15%. The company said the earnings growth mainly benefited from a tight supply-demand balance in the domestic coal market, a higher price centre for thermal coal, and a significant increase in power revenue brought by the newly commissioned power plants. Looking ahead to the second half of the year, the company cautioned that coal prices still face downward pressure, and that close attention should be paid to the impact of coal price trends on gross margins, as well as the capacity utilisation rates of new power projects and the collection of electricity fees.
China Coal Xinji Energy Co LtdInterim report shows revenue and profit up significantly, driven by higher coal prices and new power plants.
