The Zhitong Finance App learned that Shougang Resources (00639) increased by more than 6%. As of press release, it had risen 5.93% to HK$2.77, with a turnover of HK$94.379,900.
According to the news, Shougang Resources expects the company's owners to account for a comprehensive profit of about HK$550 million to HK$600 million in the first half of this year, an increase of about 36% to 49% over the previous year. According to Guoyuan International, according to central estimates, the profit for the first half of 2026 is equivalent to 91% of the net profit returned to mother of HK$632 million for the full year of 2025. The company's performance growth in the first half of the year mainly benefited from three points: the market price of major coking coal products increased by about 20% year on year; the average sales price of self-produced coking coal increased by about 16% year on year; sales of self-produced fine coking coal increased by no less than 20% year on year, while continuous cost control also brought positive contributions.
According to reports, recently the pace of resuming production in major production areas such as Jinzhong, Luliang, and Linfen in Shanxi is still slow, and the supply of high-quality coking coal continues to be tight. Furthermore, yesterday, the two departments issued the “Fifteenth Five-Year Plan for the Development of the Coal Industry”, which aims to promote the high-quality development of the coal industry. CITIC Securities believes that in the short term, safety supervision of coal mines in production areas continues to affect the pace of production. Supply restrictions on coking coal are relatively more obvious. Combined with peak summer demand, electricity and coal demand is still supported, and coal prices and sectors still have a basis for phased performance.