"A-Share Focus" Third quarter performance recovery boosts coal stocks, ANTAI GROUP hits the daily limit up
Coal stocks became active due to a recovery in third-quarter performance, with ANTAI GROUP and BNMC hitting the daily limit, while other coal companies such as DYEC and Shaanxi Heimao also saw varying degrees of increase. Coal prices have risen rapidly since July, with the spot price of thermal coal at Qinhuangdao Port significantly increasing, leading to a notable recovery in the third-quarter profits of coal companies. A total of 37 listed companies achieved a net profit attributable to shareholders of RMB 29.942 billion, a quarter-on-quarter increase of 22.83%
According to the Economic Information Agency on the 5th, the coal sector has become active again, with ANTAI GROUP (Shanghai: 600408) and BNMC (Shanghai: 601011) hitting the daily limit, DYEC (Shanghai: 600403) rising 8.2%, Shaanxi Heimao (Shanghai: 601015) increasing 4.5%, Liaoning Energy (Shanghai: 600758) up 2.8%, and Shanxi Coking Coal (Shanghai: 600740), China Coal Energy (Shanghai: 601898), Zhengzhou Coal Electricity (Shanghai: 600121), and Gansu Energy Chemical (Shenzhen: 000552) following suit.
On the news front, coal prices have risen rapidly recently. Wind data shows that as of October 31, the spot prices for Q4500, Q5000, and Q5500 thermal coal at Qinhuangdao Port were reported at RMB 588/ton, RMB 678/ton, and RMB 770/ton, respectively, with cumulative increases of 21.24%, 23.27%, and 23.99% since July. Additionally, the latest price for coking coal in North China has reached RMB 1581.25/ton, up 12.44% since mid-September.
Affected by the rise in coal prices, the profitability of coal companies significantly improved in the third quarter. Statistics show that 37 listed companies in the coal industry achieved a total net profit attributable to shareholders of RMB 29.942 billion in the third quarter, a quarter-on-quarter increase of 22.83%. (ry)
