CHINA QINFA GROUP (00866.HK): Expected H1 Profit After Tax Not to Exceed RMB290 Million

NewTimeSpace · 2026/08/11 21:56 · By Zeyu Wu

NewTimeSpace News: CHINA QINFA GROUP announced on 11 August that the Group expects to record profit after tax of not more than RMB290 million for the six-month period ending 30 June 2026, representing a substantial year-on-year increase compared with the profit after tax of approximately RMB31 million from continuing operations in the corresponding period of last year.

NewTimeSpace News: On 11 August 2026, CHINA QINFA GROUP (00866.HK) issued a positive profit forecast. Based on preliminary review of the unaudited consolidated management accounts, the Group expects to record profit after tax of not more than RMB290 million for the period, versus profit after tax of around RMB31 million generated from continuing operations in the same period last year.

According to the announcement, the profit growth is mainly attributable to higher average coal selling prices year-on-year; raw coal output rising from 2.05 million tonnes to 4.14 million tonnes; washed coal output increasing from 1.24 million tonnes to 2.14 million tonnes; a reduction of approximately RMB16 million in exchange loss; and recognition of a gain from changes in provisions of roughly RMB165 million.

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