<div id="readability-page-1">An update from Nan Nan Resources Enterprise Limited ( (HK:1229) ) is now available.Nan Nan Resources Enterprise Limited has warned that it expects to swing from a profit of about HK$71.79 million in the year ended 31 March 2025 to a loss of up to HK$10 million for the year ended 31 March 2026. The deterioration reflects pressure on its coal mining business, where higher costs and lower average selling prices are eroding margins and exposing the group to market volatility.The anticipated loss is also driven by a HK$65.13 million loss from the fair value change of a HK$200 million zero-coupon convertible bond maturing in 2029, which is measured as a financial liability at fair value through profit or loss. The company said the figures are based on unaudited management accounts and may change, and it cautioned shareholders and potential investors to act carefully when dealing in its shares ahead of the full annual results due by end-June 2026.<div> More about Nan Nan Resources Enterprise Limited Nan Nan Resources Enterprise Limited is a Hong Kong-listed company engaged in the coal mining business. The group focuses on the production and sale of coal, deriving its revenue from coal-related operations whose performance is sensitive to commodity prices and production costs. Average Trading Volume: 327,655 Technical Sentiment Signal: Sell Current Market Cap: HK$122.5M </div></div>

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Nan Nan Resources (HK:1229) warns of a swing from a HK$71.79m profit to a loss of up to HK$10m for the year ended March 2026. The decline stems from weaker coal margins due to higher costs and lower prices, alongside a HK$65.13m fair value loss on a convertible bond. The company advises caution ahead of its full annual results.

Nan Nan Resources flags swing to loss on bond valuation hit and weaker coal margins