Hong Kong Stock Concept Tracking | Coal stocks continue to show strong performance! Daily coal consumption has reached the highest level for the same period in the past 5 years. Institutions are optimistic about the sector's rebound in the fourth quarter (with related stocks attached)

Hong Kong coal stocks continued their strong performance on October 20, with JINMA ENERGY rising over 15% and YANKUANG ENERGY increasing nearly 4%. Due to abnormal weather and expectations of a cold winter, domestic coal consumption has reached the highest level for the same period in the past five years. Guotai Junan pointed out that coal prices continue to rise due to improvements in both supply and demand, with thermal coal prices rebounding and coking coal futures and spot prices both bouncing back, significantly alleviating inventory pressure and supporting the rebound in coal prices

JINMA ENERGY: Rao Zhaohui appointed as chairman

According to the announcement from JINMA ENERGY, as of September 17, 2025, Rao Zhaohui has been appointed as the chairman of the board and the company's authorized representative under Listing Rule 3.05, while Mr. Xu Fanglei has resigned as the company's authorized representative

Zhitong Hong Kong Stock Shareholders' Equity Disclosure | September 12

MIDLAND HOLDING and JINMA ENERGY conducted the latest shareholder equity disclosure on September 12, 2025. | Stock Name | Institution Name | Nature | Shares Before Change | Shares After Change | Shareholding Ratio | | ------------ | ------------------ | -------- | ---------------------- | --------------------- | -------------------- | | MIDLAND HOLDING | Lin Yuanqing | Good Position | 36 million shares | 35.3 million shares | 4.92% (Latest) / 5.02% (Previous) | | JINMA ENERGY | Zheng Jing | Good Position | 42.9 million shares | 95.845 million shares | 17.90% (Latest) / 8.01% (Previous) | | JINMA ENERGY | Wang Lijie | Good Position | 42.9 million shares | 95.845 million shares | 17.90% (Latest) / 8.01% (Previous) | Note: Changes in shareholding may be due to rights issues, consolidations, stock splits, etc. Please verify against actual circumstances

JINMA ENERGY released its interim results, with a loss attributable to shareholders of 126 million yuan, a year-on-year decrease of 19.81%

JINMA ENERGY released its interim results for the period ending June 30, 2025, reporting revenue of 3.829 billion yuan, a year-on-year decrease of 39.21%; a loss attributable to shareholders of 126 million yuan, a year-on-year decrease of 19.81%; and a loss per share of 0.24 yuan. The decrease in revenue was mainly due to a decline in the average selling price of major products, but the group's gross profit and gross profit margin improved by approximately 119 million yuan and 3.8%, respectively, due to a larger decline in the average purchase price of production raw material coking medium

Hong Kong coal stocks generally fell, with JINMA ENERGY down nearly 6%, YANKUANG ENERGY and MONGOLIA ENERGY down 4.5%, CHINA COAL down 2.5%, and CSEC/China Shenhua and YANCOAL AUS down 1.5%