Research Report Insights | Changjiang Securities: Initiates Yankuang Energy with a "Buy" rating, citing significant profit upside by 2026.

A research report by Changjiang Securities noted that Yankuang Energy reported attributable net profit of RMB 3.95 billion in Q1 2026, an increase of RMB 1.17 billion (+42%) year-over-year and RMB 2.69 billion (+214%) quarter-over-quarter. The company’s significant non-recurring gain stemmed from the public listing and transfer of its 100% equity interest in Inner Mongolia Xintai Company, which contributed RMB 2.84 billion to attributable net profit. The divestment was driven by the expiration of a management agreement and the relatively small scale of the mine, reflecting the company’s strategy to revitalize underperforming assets. In the near term, given the company’s relatively high proportion of spot coal sales and its diversified chemical product portfolio—and considering the further rise in domestic and international coal prices and improved profitability in coal-to-chemicals since Q2—the company’s 2026 earnings

Gelonghui Finance17:06 · Ratings

Open Source Securities: Reevaluation of Energy Security Drives Coal Prices Higher Domestically and Internationally

The bank believes that the current coal sector has strong upward momentum and recommends proactive positioning.

Zhitong Finance14:29

In April, the output of raw coal production by large-scale industrial enterprises in mainland China fell 1% year-on-year, while crude oil production increased by 1.3%.

The National Bureau of Statistics noted that in April, the production of raw coal by industrial enterprises above designated size remained at a relatively high level, while the growth rates of crude oil and electricity production accelerated, and natural gas production maintained steady growth. Raw coal production stayed at a relatively high level. In April, the output of raw coal by industrial enterprises above designated size reached 390 million tons, a year-on-year decrease of 1%, compared to no year-on-year change in March; the daily average output was 12.85 million tons. For the first four months, the cumulative raw coal output by industrial enterprises above designated size amounted to 1.58 billion tons, marking a year-on-year decline of 0.1%. Crude oil production growth accelerated. In April, the output of crude oil by industrial enterprises above designated size reached 17.94 million tons, reflecting a year-on-year increase of 1.2%, with the growth rate accelerating by 1 percentage point compared to M

AASTOCKSMay 18 10:30

Express News | The coal sector experienced volatile gains, with Xinda Zhou A hitting the price limit.

BreakingsMay 18 10:09

Share Repurchase Roundup on May 14 | Companies such as China Hongqiao and Horizonrobot-W conducted share buybacks, with China Hongqiao spending HKD 310 million.

According to the disclosure documents of the Hong Kong Exchange on May 15, companies such as China Hongqiao (01378.HK) and Horizonrobot-W (09660.HK) repurchased shares. ① China Hongqiao (01378.HK) repurchased 9.2515 million ordinary shares on May 14, involving an amount of HKD 310 million, with the repurchase price ranging from HKD 34.6 to HKD 33.18 per share. Since the resolution authorizing repurchases, the total number of securities repurchased has reached 314 million shares, representing 3.35% of the total issued shares at the time of the passing of the ordinary resolution. ② Horizonrobot-W (0966

Futu NewsMay 15 09:20

Yankuang Energy (01171) repurchased 628,500 A-shares for RMB 429,500 on May 14.

Yankuang Energy (01171) announced that the company repurchased 628,500 A-shares at a total cost of RMB 429,500 on May 14, 2026. The repurchase price per share was RMB 0.6833.

Zhitong FinanceMay 14 18:33