KEC provides a guarantee of 100 million yuan for its holding subsidiary

KEC provided a guarantee of 100 million yuan to its subsidiary Tangshan Zhongrun Coal Chemical Co., Ltd., signing a "Guarantee Contract" with the Tangshan branch of CITIC Bank. The guarantee period is three years, and the guarantee method is joint liability guarantee. This guarantee has been reviewed and approved by the company's relevant meetings and aims to meet the daily production and operational needs of Tangshan Zhongrun, with overall risks being controllable

KEC provides a maximum guarantee of 200 million for its subsidiary

KEC signed a maximum guarantee contract with the Hebei Branch of the Export-Import Bank of China, providing a maximum guarantee of RMB 200 million for its wholly-owned subsidiary Tangshan Zhonghao Chemical Co., Ltd., with a guarantee period of three years. This guarantee has passed the relevant review procedures, and the total external guarantee amount of the company is RMB 1,516.2873 million, accounting for 10.61% of the most recent audited net assets

KEC: Providing a entrusted loan of 70 million yuan to the holding subsidiary Carbon Chemical

KEC provided a entrusted loan of 70 million yuan to its controlling subsidiary Tangshan KEC Carbon Chemical Co., Ltd., with a term of 1 year and an interest rate of 2.20%. This matter has been approved by the board of directors and the shareholders' meeting. As of the end of March 2025, the total assets of the carbon chemical company amounted to 669.79 million yuan, total liabilities were 389.78 million yuan, and the asset-liability ratio was 58.19%. The net profit from January to March 2025 was 90,500 yuan. After the funding, the total balance of the company's financial assistance is 314.4 million yuan, accounting for 2.20% of the most recent audited net assets

Coal stocks fell across the board, with Zhengzhou Coal Electricity down over 7%, Kailuan Co., Ltd. down over 6%, Panjiang Coal and Electricity down over 5%, and China Coal Energy and China Shenhua Energy down over 4%

KEC released its first-quarter performance, with a net profit attributable to the parent company of 67.2726 million yuan, a year-on-year decrease of 67.87%

KEC released its Q1 2025 performance report, with operating revenue of 4.515 billion yuan, a year-on-year decrease of 15.96%; net profit attributable to shareholders was 67.2726 million yuan, a year-on-year decrease of 67.87%; net profit after deducting non-recurring gains and losses was 61.2783 million yuan, a year-on-year decrease of 69.09%; basic earnings per share were 0.04 yuan/share