Investment Rating - The coal industry is rated as "stronger than the market" [7] Core Views - The report emphasizes that the fundamental goal is to reverse the Producer Price Index (PPI), with seasonal demand during the "peak winter" leading to a 1.3% increase in coal mining and washing prices, contributing to a 0.2% rise in PPI over three consecutive months [5][6] - The coal price is expected to stabilize due to its high correlation with PPI, with a potential low point for coal prices in 2025, influenced by policies aimed at reducing excessive competition [5] - The coal industry is undergoing a transformation driven by energy security demands, with limited supply elasticity due to strict capacity controls and increasing extraction difficulties, particularly in eastern regions [5][6] - Despite weak macroeconomic conditions affecting coal demand, the rigid supply and rising costs are expected to support coal prices, which are likely to maintain a volatile upward trend [5] Summary by Sections Coal Market Overview - As of January 30, the Qinhuangdao 5500K thermal coal price is 692 CNY/ton, up 7 CNY/ton week-on-week, with a year-on-year decline of 61 CNY/ton [3][31] - The average daily output of 462 sample coal mines is 5.329 million tons, down 81,000 tons week-on-week but up 1.77 million tons year-on-year [3][42] - The coal inventory index is slightly down to 180.4, indicating a minor decrease in coal stocks [3][53] Coking Coal - The main coking coal price at Jingtang Port is stable at 1800 CNY/ton, with a year-on-year increase of 340 CNY/ton [4][72] - The average daily output of 523 sample coking coal mines is 771,000 tons, reflecting a year-on-year increase of 64.2% [4][71] - The coking coal inventory stands at 2.672 million tons, down 7.2% week-on-week [4][71] Supply and Demand Dynamics - The daily consumption of the six major power plants has decreased to 847,000 tons, down 3.7% week-on-week but up 27.8% year-on-year [42][43] - The inventory of the six major power plants is 13.185 million tons, down 0.6% week-on-week [43][44] - The methanol and urea operating rates are at 91.2% and 88.3%, respectively, indicating a slight increase [47][48] Investment Opportunities - The report suggests focusing on companies with strong resource endowments and stable operating performance, such as China Shenhua, China Coal Energy, and Shaanxi Coal and Chemical [6] - Companies with production growth potential benefiting from the coal price cycle, such as Yanzhou Coal Mining, Huayang Co., and Gansu Energy, are also highlighted [6] - Firms with global resource scarcity attributes, like Huaibei Mining and Shanxi Coking Coal, are recommended for investment [6]

Core Viewpoint - The company, Pingdingshan Tianan Coal Industry Co., Ltd., anticipates a significant decline in net profit for the year 2025, primarily due to falling coal prices, with projections indicating a decrease of approximately 81.62% to 83.74% compared to the previous year [2][3][6]. Group 1: Performance Forecast - The company expects a net profit attributable to shareholders of between 382 million to 432 million yuan for 2025, which represents a decrease of 19.18 billion to 19.68 billion yuan compared to the previous year [2][3]. - The projected net profit, excluding non-recurring gains and losses, is estimated to be between 447 million to 496 million yuan, reflecting a reduction of 18.44 billion to 18.93 billion yuan year-on-year [2][3]. Group 2: Previous Year Performance - In the previous year, the total profit was 3.458 billion yuan, with a net profit attributable to shareholders of 2.350 billion yuan and a net profit excluding non-recurring items of 2.340 billion yuan [4]. - The earnings per share for the previous year were reported at 0.9616 yuan [5]. Group 3: Reasons for Performance Change - The primary reason for the anticipated decline in net profit is the downward trend in the prices of the company's main coal products [6].

证券日报网讯1月30日，平煤股份（601666）发布公告称，公司预计2025年年度实现归属于母公司所有 者的净利润3.82亿元到4.32亿元。 ...

智通财经APP讯，平煤股份(601666.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净 利润3.82亿元到4.32亿元，与上年同期(法定披露数据)相比，将减少19.18亿元到19.68亿元，同比减少 81.62%到83.74%。 ...

平煤股份公告称，预计2025年年度归属于母公司所有者的净利润3.82 - 4.32亿元，同比减少81.62% - 83.74%；扣非净利润4.47 - 4.96亿元，同比减少78.80% - 80.92%。上年同期净利润23.50亿元，扣非净利 润23.40亿元。业绩下降主因报告期内主要煤炭产品价格下行。本次业绩预告未经审计，具体数据将在 年报披露。 ...

平煤股份（601666）(601666.SH)发布公告，公司预计2025年年度实现归属于母公司所有者的净利润3.82 亿元到4.32亿元，与上年同期(法定披露数据)相比，将减少19.18亿元到19.68亿元，同比减少81.62%到 83.74%。 ...

报告期内公司主要煤炭产品价格下行，导致归属于母公司所有者的净利润下降。 格隆汇1月30日丨平煤股份(601666.SH)公布，公司预计2025年年度实现归属于母公司所有者的净利润 3.82亿元到4.32亿元；实现归属于母公司所有者的扣除非经常性损益的净利润4.47亿元到4.96亿元。 ...

每经AI快讯，平煤股份（601666）1月30日发布2025年业绩预告，预计2025年度实现归属于母公司所有 者的净利润3.82亿元到4.32亿元，同比减少81.62%到83.74%。报告期内公司主要煤炭产品价格下行。 ...

根据上海证券交易所《上市公司行业信息披露指引第二号-煤炭》 要求，现将平顶山天安煤业股份有限公司（以下简称"公司"）2025 年年度经营数据公告如下： 证券代码：601666 证券简称：平煤股份 公告编号：2026-012 平顶山天安煤业股份有限公司 2025 年年度经营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性 陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担个别及连带 责任。 | 项目 | 2025 年 1-12 | 月 | 2024年1-12月 | 变动比例（%） | | --- | --- | --- | --- | --- | | 商品煤产量（万吨） | 2,506 | | 2,650 | -5.43 | | 商品煤销量（万吨） | 2,441 | | 2,641 | -7.57 | | 其中：自有商品煤销量（万吨） | 2,135 | | 2,211 | -3.44 | | 商品煤销售收入（万元） | 1,776,919 | | 2,683,606 | -33.79 | | 商品煤销售成本（万元） | 1,390,364 | | 1,908,073 | -27 ...

南财智讯1月30日电，平煤股份发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 3.82亿元—4.32亿元，同比预减81.62%—83.74%；预计2025年全年归属于上市公司股东的扣除非经常性 损益的净利润为4.47亿元—4.96亿元，同比预减78.80%—80.92%。报告期内公司主要煤炭产品价格下 行，导致归属于上市公司股东的净利润下降。 ...