Zhengzhou Coal and Electricity (600121.SH) is forecasting losses, with an estimated net loss of 341 million yuan in half a year

According to the Zhitong Finance App, Zhengzhou Coal and Electricity (600121.SH) issued an announcement. The company expects to achieve a net profit loss of about 341 million yuan attributable to the owner of the parent company in the first half of 2026, and a loss of 224 million yuan for the same period last year.

During the reporting period, due to changes in geological conditions on the production surface of some mines, the company's coal production and sales volume and coal quality declined year on year, and coal sales revenue decreased year on year. As a result, total profit decreased by about 140 million yuan year on year, and net profit to mother decreased by about 70 million yuan year on year. At present, the geological conditions of the above mines have improved markedly and stabilized. In the next step, the company will continue to optimize the mining layout, strengthen geological forecasting, strictly control production costs, and make every effort to stabilize production and efficiency to ensure the healthy development of the company.