CITIC Securities predicts that the net profit of the sample listed coal companies tracked for the third quarter of 2026 will increase by about 27% month-on-month, and increase by about 42% year-on-year in the first three quarters of 2026. It is expected that the performance growth rate of coking coal and anthracite companies may have better elasticity. Although short-term insurance and supply policies are superimposed, it is believed that it will take time to reverse the pattern of tight supply. Coal prices will continue to increase month-on-month in the fourth quarter, and profits will continue to improve. CITIC Securities continues to be optimistic about dividend style support and sector conditions under tight supply.

CITIC Securities predicts that the net profit of the sample listed coal companies tracked for the third quarter of 2026 will increase by about 27% month-on-month, and increase by about 42% year-on-year in the first three quarters of 2026. It is expected that the performance growth rate of coking coal and anthracite companies may have better elasticity. Although short-term insurance and supply policies are superimposed, it is believed that it will take time to reverse the pattern of tight supply. Coal prices will continue to increase month-on-month in the fourth quarter, and profits will continue to improve. CITIC Securities continues to be optimistic about dividend style support and sector conditions under tight supply.