Coal and Consumable Fuels

YANKUANG ENERGY

Goldman Sachs Downgrades Yankuang Energy A-Share to Sell, Target Price 19 Yuan

Yankuang Energy First Repurchases 1.9652 Million A-Shares for Approx. 50.925 Million RMB

Yankuang Energy to Acquire Shandong Energy Core Assets for $2.4 Billion to Accelerate Green Transition

Yankuang Energy to Acquire 100% Equity in New Energy Group and Shanxi Power Sales for Approx. 16.415 Billion RMB

BOA Securities Raises Yancoal's Profit Forecast and Target Price

Huatai Securities Raises Target Price and Rating for Yanzhou Coal Energy

Yankuang Energy completes issuance of RMB 2 billion in Sci-Tech Innovation Bonds

China Construction Bank Maintains Buy Rating for Yankuang Energy Group's H Shares

Yankuang Energy Successfully Issues Sci-Tech Innovation Bonds for M&A Funding

YANKUANG ENERGY released FY2026 Q1 earnings on April 28 After-Market (BJT), actual revenue HKD 39.21 B (forecast HKD 47.05 B), actual EPS HKD 0

Yankuang Energy reports 42.14% increase in net profit for Q1 2026

YANKUANG ENERGY to Release FY2026 Q1 Earnings on April 28 After-Market (BJT), Forecast Revenue HKD 47.24 B

Yankuang Energy Reports Q1 2026 Coal Output Down 6.3% But Sales Up 3.1%

Yanmei Australia Plans to Acquire 80% Interest in Red Kite Mine for Up to $2.4 Billion

Yancoal Australia to Acquire 80% Stake in Kestrel Coal Mine

Yankuang Energy Responds to Mideast Situation's Impact on Energy Supply and Predicts 2026 Market Trends

Yankuang Energy Group's Board Proposes Charter Revision

Yankuang Energy Reports Lower Net Profit but Higher Coal Sales Volume in FY2025

YANKUANG ENERGY released FY2025 Q4 earnings on March 27 Pre-Market (BJT), actual revenue HKD 44.45 B (forecast HKD 16.31 B), actual EPS HKD 0.14

YANKUANG ENERGY released FY2025 earnings on March 27 Pre-Market (BJT), actual revenue HKD 158.41 B (forecast HKD 147.67 B), actual EPS HKD 0.9138 (forecast HKD 1.0556)

NTES-S

KWAN YONG

PEIJIA-B

REMEGEN

RADIANCE HLDGS

POP MART

BAOZUN-W

ARCHOSAUR GAMES

XIAOCAIYUAN

HEPALINK

Ordinary dividend (cash)

Ex Date: 2026.06.30, Cash dividend 0.3621 HKD

01888

02476

09903

06869

03808

02513

00100

06082

01171

00857

KB LAMINATES(01888) rose 12.6%, with a trading turnover 4.8 Billion HKD, and a year-to-date rose 377.6%. VGT(02476) rose 12.53%, with a trading turnover 2.3 Billion HKD, and a year-to-date rose 81.4%. KNOWLEDGE ATLAS(02513) fell 13.55%, with a trading turnover 3.8 Billion HKD, and a year-to-date rose 877.6%. MINIMAX-W(00100) fell 8.58%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 181.5%.

Top Gainers&Losers

KB LAMINATES

ILUVATAR COREX

YOFC

SINOTRUK

KNOWLEDGE ATLAS

MINIMAX-W

BIREN TECH

PETROCHINA

Top 5 HK Stock Gainers/Losers (>100B) (6.9)

600808

600585

600019

01898

600188

Goldman Sachs updated ratings and target prices for various resource stocks. In steel, it maintained 'Sell' on Angang and Ansteel, and 'Neutral' on Baosteel and Maanshan. For coal, China Coal was upgraded to 'Buy', while Yankuang was downgraded to 'Sell'. Cement stocks like Conch remained 'Buy'. Basic metals saw mostly 'Buy' or 'Neutral' ratings for Zijin Mining and Jiangxi Copper. Paper stocks ND Paper and Sun Paper were rated 'Sell'.

AASTOCKS News

MAS C.L.

Baosteel

CHINA COAL

CONCH CEMENT

SUN PAPER

JCCL

ANGANG STEEL

ANSTEEL

Zijin Mining

ZIJIN MINING

China Coal Energy

ND PAPER

JIANGXI COPPER

MAANSHAN IRON

CHINA SHENHUA

CSEC/China Shenhua

BBMG

CNBM

CR BLDG MAT TEC

WESTCHINACEMENT

CHALCO

CHINAHONGQIAO

CMOC

ZHAOJIN MINING

CHINA NATIONAL BUILDING MATERIAL CO UNSP ADR EACH REPR 50 ORD

G Sachs' Latest Ratings and TPs on Resource Stocks (Table)

BOCI reports that Yankuang Energy's acquisition of parent power assets is unattractive. The company agreed to buy New Energy Group for RMB15.57 billion and Shandong Energy Power Sales for RMB845 million. BOCI notes the valuation at ~15x P/E is high compared to peers, and due to Yankuang's high gearing, external financing will be needed, likely limiting earnings accretion despite guaranteed profits.

BOCI: YANKUANG ENERGY  Acquisition of Parent's Power Assets Not Particularly Attractive

Yankuang Energy shares rose after announcing a USD2.4 billion cash acquisition of core assets from controlling shareholder Shandong Energy Group. The deal aims to accelerate its transition from a coal producer to an integrated energy service provider by acquiring thermal, wind, and solar power assets. This move consolidates Yankuang's full supply chain, eliminates horizontal competition with its parent company, and enhances profitability and green energy capabilities.

Yicai

China's Yankuang Jumps on USD2.4 Billion Acquisition Plan to Speed Integrated Energy Service Provider Transition

000983

515080

On the morning of May 27th, the China Merchants CSI Dividend ETF (515080) narrowed its decline to 0.58%, with the coal sector experiencing a strong rally, led by YANKUANG ENERGY and Shanxi Coking Coal. The number of coal mines producing coking coal in Shanxi has risen to 109, affecting the increase in raw coal production by 319,500 tons, which may trigger an upgrade in safety production supervision and drive up coal prices. This ETF has seen a year-to-date increase in shares of 19.93%, with a management fee rate of 0.20%

同壁财经

Shanxi Coking Coal

China Merchants CSI Dividend ETF

HTSC

中证红利

Huatai Securities Co., Ltd. GDR Class A RegS

YANKUANG ENERGY and Shanxi Coking Coal surged strongly! China Merchants CSI Dividend ETF (515080) saw its decline rapidly narrow to 0.58%

06809

00669

00087

01347

00883

01088

BIREN TECH(06082) rose 14.8%, with a trading turnover 1.0 Billion HKD, and a year-to-date rose 198.7%. MONTAGE TECH(06809) rose 11.19%, with a trading turnover 1.7 Billion HKD, and a year-to-date rose 234.5%. PETROCHINA(00857) fell 8.48%, with a trading turnover 3.4 Billion HKD, and a year-to-date rose 27.6%. YANKUANG ENERGY(01171) fell 6.73%, with a trading turnover 974.1 Million HKD, and a year-to-date rose 52.8%.

MONTAGE TECH

TECHTRONIC IND

SWIRE PACIFIC B

HUA HONG SEMI

CNOOC

Top 5 HK Stock Gainers/Losers (>100B) (5.7)

STECH

At the midday close on May 7, Hong Kong stocks' three major indices surged, with the Hang Seng TECH Index leading the market with a 3.09% gain. The tech internet and semiconductor/optical communication sectors became the main focus of bullish capital, with Kuaishou and Hua Hong Semiconductor both soaring over 7%, while trading volumes for Tencent and Alibaba approached the HKD 10 billion mark. On the other hand, traditional energy stocks such as oil, gas, and coal suffered collective setbacks due to expectations of easing geopolitical tensions. Additionally, the robotics concept and insurance sector showed active performance during the session

Market Pulse

Hang Seng TECH Index

CAM HS TECH

ChinaAMC SSE STAR Semiconductor Material & Equipment Thematic ETF

Dacheng Hang Seng Technology ETF(QDII)

Harvest Hang Seng SCHK Technology ETF

ISHARESHSTECH

ChinaAMC Hang Seng Technology ETF(QDII)

GX HS TECH

Guotai CSI Semiconductor Material Equipment Theme ETF

Tianhong Hang Seng TECH ETF(QDII)

Huatai-PB CSOP Hang Seng Technology ETF(QDII)

HSTECH ETF

CSOP HS TECH

Hang Seng TECH ETF I

Hang Seng Index

KUAISHOU-W

BABA-W

TENCENT

BIDU-SW

XL2CSOPHYNIX

Samsung Electronics 

Coherent Corp.

CHINA LIFE

PING AN

DEEPEXI TECH

FIT HON TENG

TRACKER FUND

SMIC

XIAOMI-W

Montage Technology

China Life

Ping An

CATL

KUAISHOU-WR

Hua Hong Grace

Alibaba

BABA-WR

Alibaba HK SDR 5to1

Tencent

TENCENT-R

Tencent HK SDR 10to1

Tencent Holdings Limited

BIDU-SWR

Baidu

PetroCN HK SDR 1to2

CNOOC-R

Samsung Electronics Co., Ltd. Sponsored GDR

POP MART HK SDR 20to1

Techtronic Industries

PING AN-R

Ping An Insurance

SMIC HK SDR 5to1

Xiaomi Corporation

XIAOMI-WR

Xiaomi HK SDR 2to1

CATL HK SDR 30to1

HK Stocks Midday Review | Hang Seng TECH Index Rises Over 3%, Led by Tech and Semiconductors; Oil, Gas, and Coal Stocks Decline Collectively

On May 7th, during the Hong Kong stock market session, the three major indices collectively surged, with the Hang Seng Tech Index leading the market with a 2.67% increase. Boosted by the strong performance of U.S. tech stocks overnight and the progress of AI commercialization, tech giants rallied across the board, with Kuaishou soaring nearly 7% and Alibaba and Baidu rising over 4%. Meanwhile, the photovoltaic sector collectively rose due to expectations of profit recovery, and insurance and real estate stocks also performed well. In contrast, the traditional energy sector faced pressure, as expectations of easing geopolitical tensions in the Middle East led to a significant withdrawal of oil risk premiums, causing oil, gas, and coal stocks to decline sharply against the trend

- Hong Kong's stock market showed positive momentum, with major indices rising collectively; the Hang Seng Index increased by 1.45% to 26,593.49 points.  
- Notable stock performances included Kuaishou, which rose 6.80%, and Alibaba, which gained 4.55%.  
- Despite strong gains in technology and solar sectors, energy stocks fell sharply amid a decline in global crude oil prices, with Brent crude dropping 7.83% to $101.27 per barrel.

LB Select

Hong Kong stocks intraday | Technology stocks lead the Hang Seng Index up nearly 2%, oil, gas, and coal stocks weaken due to the US-Iran talks

YANKUANG ENERGY(01171.HK)