DSYKENR@EC2604A

JPMorgan Upgrades Yancoal A-Share Rating to Neutral

CITICS Securities Resumes Coverage of Yankuang Energy with Outperform Rating

Yankuang Energy Reports 6.3% YoY Increase in Coal Output in 2025 with Significant Growth in Methanol and Urea Production

Goldman Sachs Upgrades Ratings for China Coal Energy and Yankuang Energy

Yankuang Energy Group's Heavy Debt Raises Concerns Among Shareholders

Morgan Stanley Maintains Hold Rating for Yanzhou Coal H Shares with Target Price at HKD 9.80

Yankuang Energy Successfully Issued Sci-Tech Innovation Bond

Yankuang Energy's wholly-owned subsidiary Donghua Heavy Industry Acquires 100% Equity of High-end Support Company

Yankuang Energy Obtains New Utility Patent

Yankuang Energy Group Acquires Full Stake in Advanced Support

Yankuang Donghua Heavy Industry plans to acquire 100% equity of Shandong Energy Equipment Group High-end Frame Manufacturing Co., Ltd. for 345 million yuan

Yankuang Energy Receives New Utility Model Patent Authorization

Yankuang Energy Successfully Issued the 2025 Third Phase Sci-Tech Innovation Bond

Yankuang Energy Obtains a New Patent for Solid Filling Working Face Technology

Yankuang Energy Obtains Utility Model Patent for Coal Dry Flotation Separator

Yankuang Energy Announces Q3 2025 Coal Production Up 6.9%, Forecasts Annual Output to Surpass 180 Million Tons

Yankuang Energy Q3 Earnings Improve Significantly, Growth Potential Highlighted

YANKUANG ENERGY released FY2025 9 Months earnings on October 30 After-Market BJT, actual revenue HKD 114.1 B, actual EPS HKD 0.7689

YANKUANG ENERGY released FY2025 Q3 earnings on October 30 After-Market (BJT), actual revenue HKD 49.86 B (forecast HKD 55.12 B), actual EPS HKD 0.2696

Yankuang Energy Successfully Issued 3 Billion Yuan Sci-Tech Innovation Bond

PROSP INV HOLD

ELEGANCEOPTICAL

RIDGE OUTDOOR

HING LEE (HK)

TIANYE WATER

BJ DIGITAL

MOST KWAI CHUNG

TIMES UNI GP

TRANSTECH

WANJIA GROUP

600188

515220

01171

JP Morgan has upgraded YANKUANG ENERGY's A-share rating to Neutral

Wallstreetcn

YANKUANG ENERGY

Guotai CSI Coal ETF

09980

01898

00670

00753

00100

02513

09961

01347

01772

YANKUANG ENERGY(01171) rose 10.58%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 29.3%. EASTROC(09980) rose 9.53%, with a trading turnover 819.7 Million HKD, and a year-to-date rose 11.2%. MINIMAX-WP(00100) fell 8.43%, with a trading turnover 691.1 Million HKD, and a year-to-date rose 222.4%. KNOWLEDGE ATLAS(02513) fell 6.58%, with a trading turnover 254.1 Million HKD, and a year-to-date rose 95.5%.

Top Gainers & Losers

EASTROC

CHINA COAL

CHINA EAST AIR

AIR CHINA

MINIMAX-WP

KNOWLEDGE ATLAS

TRIP.COM-S

HUA HONG SEMI

GANFENGLITHIUM

Top 5 HK Stock Gainers/Losers (>100B) (2.4)

02582

02570

03668

01030

00517

01918

01115

01138

GUOFUHEE(02582) rose 18.76%, with a trading turnover 501.3 Million HKD, and a year-to-date rose 28%. REFIRE(02570) rose 12.09%, with a trading turnover 291.3 Million HKD, and a year-to-date fell 20.3%. YANCOAL AUS(03668) rose 11.05%, with a trading turnover 246.7 Million HKD, and a year-to-date rose 36.5%.

GUOFUHEE

REFIRE

YANCOAL AUS

SEAZEN

COSCO SHIP INTL

Sunac China

5100 XIZANG

COSCO SHIP ENGY

Top 10 HK Stock Gainers (2.4)

Coal stocks surged, YANKUANG ENERGY, Shaanxi Heimao, and YNCE hit the daily limit, while CHINA COAL, DYEC, and Jinkong Coal also saw significant gains. A-shares in the liquor sector rose again, with Huangtai Wine reaching the daily limit, marking a five-day winning streak, while JGJC, Moutai, LZLJ, and SHANXI FEN WINE also followed suit. Hong Kong chip stocks initially declined, with Shanghai Fudan dropping over 6%, Huahong Semiconductor falling more than 4%, Zhaoyi Innovation down over 3%, and SMIC dropping nearly 3%

China Coal Energy

JGJC

LZLJ

YNCE

SHANXI FEN WINE

Huangtai Wine

Shanxi Coking Coal

DYEC

Shaanxi Heimao

Moutai

The ChiNext Index fell over 2%, computing hardware stocks all declined, "Yi Zhongtian" plummeted, coal stocks surged, the Hang Seng Index dropped over 1%, chip stocks adjusted, and Shanghai gold and silver rose significantly

00700

03690

As of noon, all three major indices of the Hong Kong stock market are down, with the Hang Seng Index falling by 0.41%, the Hang Seng Tech Index declining by 2.2%, and the National Enterprises Index weakening. Sectors such as internet content and information, retailers, and hardware storage are under collective pressure, with leading funds active but generally declining. Tencent Holdings fell by 3.36%, Xiaomi Group -W dropped by 2.60%, Alibaba -W decreased by 0.93%, and Meitu Inc. plummeted by 12.10%. Overall market sentiment is cautious, with technology and consumption under pressure, leading to a divergence in fund preferences. JunDa Co., Ltd. had high trading volume and rose by 8.27%, becoming a highlight of the market

- As of midday, the Hang Seng Index decreased by 0.41% to 26,724.94 points, while the Hang Seng Tech Index dropped 2.19% to 5,347.3 points.  
- Major sectors faced declines, particularly in internet content, with Tencent Holdings falling 3.36%, reflecting market concerns over regulatory pressures on WeChat’s ecosystem.  
- Some stocks, such as Yancoal Energy, rose significantly due to the global commodity price recovery, showcasing selective market resilience amidst overall caution.

Market Heartbeat

TENCENT

KUAISHOU-W

MEITU

BABA-W

JD-SW

MNSO

XIAOMI-W

LENOVO GROUP

LONGCHEER

SMIC

MEITUAN

Hong Kong Stock Midday Review | Hang Seng Index down 0.41%, technology sector leads the decline, JunDa Holdings rises 8.27% against the trend

00868

00669

01997

03033

The Hang Seng Index closed at 26,724 points, down 109 points or 0.4%; the Hang Seng Tech Index reported 5,347 points, down 119 points or 2.2%. Tencent fell over 3%, while major stocks such as Xiaomi, MEITUAN, and Alibaba also declined. Individual stocks like XINYI GLASS, TECHTRONIC IND, WHARF REIC, YANKUANG ENERGY, and CHINA EAST AIR reached new highs

AASTOCKS

XINYI GLASS

TECHTRONIC IND

WHARF REIC

CSOP HS TECH

The Half-Day Report: The Hang Seng Index closed at 26,724 points, down 109 points; the Hang Seng Tech Index closed at 5,347 points, down 119 points. Tencent fell over 3%, while Xinyi Glass, Techtronic Industries, Wharf REIC, Yankuang Energy, and China Eastern Airlines reached new highs

In the Hong Kong stock market, the three major indices collectively weakened. The Hang Seng Index fell slightly by 0.26%, the Hang Seng TECH Index dropped by 1.87%, and the National Enterprises Index decreased by 0.35%. There was significant sector differentiation, with the internet content and information sector rising slightly; leading company Tencent Holdings increased by 1.2%, and CHINA LIT rose against the trend, boosting the sector's atmosphere, with some funds flowing into leading tech stocks. The hardware, storage, and peripherals sectors performed steadily, with BYD ELECTRONIC rising by 2.1%. The energy and hydrogen energy sectors experienced significant fluctuations, with stocks like Yanzhou Coal Mining, Guofu Hydrogen Energy, and Longguang Group showing strength. The market exhibited clear structural opportunities and a preference for growth sectors, while remaining sensitive to macro liquidity and the RMB exchange rate, resulting in high short-term market volatility

- The Hong Kong stock market is displaying overall weakness, with the Hang Seng Index down 0.26% to 26,765.35 points, and the Hang Seng Technology Index falling 1.87%.  
- Notable declines are observed in major tech and retail stocks, including Tencent, Alibaba, and Xiaomi, attributed to market concerns regarding economic recovery and potential tax increases on gaming revenues.  
- Contrarily, certain stocks like Yancoal Energy and China Cosco Shipping are seeing significant gains, driven by favorable market conditions and heightened investor interest in the energy and shipping sectors.

Hang Seng Index

CHINA LIT

FI CSOP HSI

BYD ELECTRONIC

FL2 CSOP HSI

Hang Seng TECH Index

LOGAN GROUP

JINGCHENG MAC

YOFC

Tencent Holdings Limited

BYD COMPANY

Tencent

Hong Kong Stock Market Update | The Hang Seng Index is weak, and the Technology Index has seen consecutive significant declines, with mainland internet companies under collective pressure

Yankuang Energy Finds Two Prospective Buyers for Inner Mongolia Xintai Coal

marketscreener

Yankuang Energy Finds Two Prospective Buyers for Inner Mongolia Xintai Coal

512400

561330

001286

159876

05403

Yankuang Energy Group is selling its entire equity interest in Inner Mongolia Xintai Coal Company Limited through a public tender on the Shandong Property Right Exchange Center. The transaction's completion is uncertain due to potential challenges, including the qualifications of the transferee and the management of Xintai Coal's operations by a third party. The impact on the group's net profit for 2026 remains undetermined as the outcome is still uncertain.

Reuters

China Southern CSI SWS Non-Ferrous Metal ETF

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

SHAANXI ENERGY

Hwabao WP CSI Non-ferrous Metal ETF

YANKUANG B2801

Yankuang Energy Group Moves to Sell Xintai Coal Subsidiary via Public Tender

02259

02628

09626

03692

06181

01880

09927

MINIMAX-WP(00100) rose 26.48%, with a trading turnover 1.6 Billion HKD, and a year-to-date rose 195.9%. ZIJIN GOLD INTL(02259) rose 11.59%, with a trading turnover 3.1 Billion HKD, and a year-to-date rose 59.6%. HANSOH PHARMA(03692) fell 4.37%, with a trading turnover 420.6 Million HKD, and a year-to-date rose 6.7%. LAOPU GOLD(06181) fell 3.24%, with a trading turnover 1.4 Billion HKD, and a year-to-date rose 33%.

- The Hang Seng Index rose by 1.35%, with a year-to-date increase of 5.8%, while the Hang Seng Tech Index increased by 0.5%, totaling a 4.3% rise this year.  
- MINIMAX-WP (00100) surged by 26.48% with a turnover of HK$ 1.61 billion, marking a significant annual increase of 195.9%.  
- In contrast, Hansoh Pharmaceutical (03692) fell by 4.37% with a turnover of HK$ 420 million, showing a modest year-to-date increase of 6.7%.

ZIJIN GOLD INTL

CHINA LIFE

BILIBILI-W

HANSOH PHARMA

LAOPU GOLD

CTG DUTY-FREE

SERES

Top 5 HK Stock Gainers/Losers (>100B) (1.27)

Yankuang Energy Group Company Limited Reports Sales Results for the Fourth Quarter and full year of 2025. For the quarter, the company reported Sales volume of saleable coal is 44,200 kiloton against 41,860 kiloton a year ago. For the period, the company reported Sales volume of saleable coal is 17,064 kiloton against 165,050 kiloton a year ago.

Yankuang Energy Group Company Limited Reports Sales Results for the Fourth Quarter and Full Year of 2025

Yankuang Energy Logs Boost in Q4 Coal Output, Sales

Yankuang Energy Logs Boost in Q4 Coal Output, Sales

Yancoal Australia, a subsidiary of Yankuang Energy Group, reported a 7% increase in saleable coal production for Q4 2025. This announcement highlights the company's growth in coal production, reflecting its operational performance during the quarter. The information was originally published by Yankuang Energy Group via the Hong Kong Stock Exchange.

Yancoal Australia Reports 7% Rise in Q4 2025 Saleable Coal Production

DSYKENR@EC2604A(21863.HK)

JP Morgan has upgraded YANKUANG ENERGY's A-share rating to Neutral

Top 5 HK Stock Gainers/Losers (>100B) (2.4)

Top 10 HK Stock Gainers (2.4)

The ChiNext Index fell over 2%, computing hardware stocks all declined, "Yi Zhongtian" plummeted, coal stocks surged, the Hang Seng Index dropped over 1%, chip stocks adjusted, and Shanghai gold and silver rose significantly

Hong Kong Stock Midday Review | Hang Seng Index down 0.41%, technology sector leads the decline, JunDa Holdings rises 8.27% against the trend