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Changes in Hong Kong stocks | China's Qinfa (00866) rose more than 5%, and raw coal production increased 104% year-on-year in the first three quarters and turned a loss into a profit in the first half of the year
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The Zhitong Finance App learned that China's Qinfa (00866) rose by more than 5%. As of press release, it had risen 5.05% to HK$1,975, with a turnover of HK$1.801 million.

According to the news, recently, China's Qinfa released the SDE coal industry's main operating data for the nine months ending September 30, 2026. Raw coal production was 7.074 million tons, up 104% year on year; coal trade volume was 4.644 million tons, up 46% year on year. The successful operation of the SDE No. 1 coal mine's ultra-long comprehensive mining work surface has expanded the Group's production capacity and laid a solid foundation for future growth. The increase in coal trade volume is mainly due to the expansion of the Group's customer base to a wider range of overseas markets.

Earlier, China's Qinfa announced the 2026 interim results. The group achieved revenue of 1,179 million yuan, an increase of 8.23% over the previous year; the profit due to company owners was 227 million yuan, while the loss was 126 million yuan in the same period last year. The increase in profit attributable to the company's equity holders was due to an increase in the average sales price of thermal coal and a profit of 165 million yuan (2025: none).

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.
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