Thermal coal prices continue to rise; institutions recommend monitoring supply contraction and low inventory levels.
Guotai Haitong believes that the coal sector bottomed out in 2025. In 2026, supply and demand are expected to tighten amid domestic and international supply disruptions, leading to a significant rise in the central tendency of coal prices and a marked improvement in fundamentals.
Hong Kong Stocks Close | Three Major Indices Fall Collectively; Coal and Power Equipment Stocks Buck the Trend
1. How do institutions view the recent comprehensive package of new real estate policies? 2. Why did Haidilao's stock drop sharply today?
Hong Kong Stocks in Motion | Coal stocks rise broadly; Liancheng Development up 4.4% as thermal coal prices surge over 11% in a month
Gelonghui, September 9 – Coal stocks listed in Hong Kong rose broadly. Specifically, Lifen Development gained 4.4%, Yankuang Energy rose 3.5%, China Qinfa Group increased 3.2%, China Shenhua Energy climbed nearly 3%, China National Coal Group advanced more than 2%, and Yancoal Australia edged up 1.8%. Shougang Resources and Jinma Energy also followed the upward trend. On the news front, coal prices served as the most direct catalyst for the rally in coal stocks. According to industry data, the benchmark price for thermal coal rose to RMB 972.75 per ton on September 9, representing an 11.11% increase from RMB 875.50 per ton at the beginning of the month. On September 4, the free-on-board (FOB) price for Q5500 thermal coal at Qinhuangdao surpassed the key threshold of RMB 950 per ton. GF Securities
Hong Kong Stocks in Focus | Coal stocks weaken collectively, Yankuang Energy falls 4%; rising coal prices fail to mask downstream resistance
Gelong Hui, September 7 – Hong Kong-listed coal stocks collectively underperformed. Among them, Yankuang Energy and Jinma Energy fell 4%, China Coal Energy dropped 3.5%, China Shenhua declined 3%, while China Qinfa and E-Commodities each fell 2%, and Shougang Resources dipped 1.3%. In terms of market news, thermal coal prices at Qinhuangdao Port rose to RMB 962 per ton on September 4, an increase of RMB 81 per ton week-on-week. However, coal stocks did not follow suit, creating a notable divergence. Institutional reviews pointed out that the market’s concern is not about coal prices per se, but rather whether the price hikes are sustainable and whether they will trigger policy interventions. Steel mills’ profits continue to be squeezed by rising raw material costs, leading to reduced acceptance of high-priced resources among coal washing plants and traders.
China Qinfa Ties 57.9 Million Share Options to Aggressive Coal Production Targets
China Qinfa (00866.HK): SDE mine capacity continues to ramp up, and the company's grand vision is steadily unfolding.
The company released its 2026 interim report. In the first half of 2026, revenue from continuing operations totaled RMB 1.179 billion, up 8.2% year over year; profit attributable to owners of the company reached RMB 227 million, a substantial year-over-year increase of 837.0%. Indonesia
China Qinfa: Coal Market Momentum Strong in 1H >0866.HK
China Qinfa: Coal Market Momentum Strong in 1H >0866.
China Qinfa 1H Net CNY227.2M Vs. Loss CNY126.1M >0866.HK
China Qinfa 1H Net CNY227.2M Vs. Loss CNY126.1M >0866.
China Qinfa 1H Rev CNY1.18B Vs. CNY1.09B >0866.HK
China Qinfa 1H Rev CNY1.18B Vs. CNY1.09B >0866.
[Results] China Qinfa (00866.HK) reports interim net profit of RMB 227 million, an 8.37-fold increase
China Qinfa Group (00866.HK) announced its interim results for the six months ended June, with revenue reaching RMB 1.179 billion, an 8.2% year-on-year increase. The company recorded a net profit of RMB 227 million, representing a 837.1% growth, with earnings per share of 8.67 cents. No dividend was declared.(d)~
CHINA QINFA: INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026
HK Stocks in Focus | Coal stocks rise against the trend; Yancoal Australia up 4.6% as coal prices remain strong
Gelonghui, August 24 – Hong Kong-listed coal stocks rose against the broader market trend. Yancoal Australia and E-Commodities each gained 4.6%, while China Coal Energy and Qinfa Group climbed more than 3%. China Shenhua and Yankuang Energy also posted gains. On the news front, coking coal prices have surged recently: on August 18, the price stood at RMB 1,923.75 per tonne, up 23.42% from May 18. The main contract for焦煤 (coking coal) with delivery in January 2027 has accumulated a gain of 18.99% since August. In the thermal coal segment, the pithead price of lump thermal coal in Yulin, Shaanxi province, rose by RMB 27 per tonne week-on-week, while the price of primary coking coal at Jingtang Port increased by RMB 350 per tonne to RMB 2,600 per tonne. The first round of coke price hikes was also implemented recently.
HK Stock Concept Tracker | 14th Five-Year Plan for Coal Industry Development Unveiled; Institutions Bullish on Medium- to Long-Term Valuation Recovery (Related Stocks Included)
The National Development and Reform Commission and the National Energy Administration recently issued the "15th Five-Year Plan for the Development of the Coal Industry," setting a clear goal to basically establish a modern coal industrial system by 2030.
China Qinfa Unit Signs Coal Supply Deal With Zhejiang Energy Asia Pacific
China Qinfa Group (HKG:0866) said its indirect non-wholly owned unit Far Link agreed to supply up to 1.9 million metric tons of Indonesian steam coal to Zhejiang Energy Asia Pacific through Dec. 31.
Possible Turnaround For China Qinfa Group Insiders, Still Down CN¥125m
Some of the losses seen by insiders who purchased CN¥337.5m worth of China Qinfa Group Limited (HKG:866) shares over the past year were recovered after the stock increased by 13% over the past week.
Hong Kong Stocks Midday Review | Hang Seng Index rises 0.24% in morning session; AI hardware sector declines across the board
AI hardware stocks plummeted across the board. OpenAI reported slowing revenue growth and widening losses in the second quarter, while simultaneously pausing training for its frontier models.
HK Stock Market Moves | China Qinfa (00866) Rises Nearly 8% Again; H1 Profit No More Than RMB 290 Million; Indonesia Plans to Build Commodity Exchange
China Qinfa (00866) rose nearly 8% earlier; as of press time, it was up 5.34% at HK$2.07, with a turnover of HK$9.9126 million.
With peak demand coinciding with structural supply optimization, a valuation recovery in the coal sector is expected.
Founder Securities noted that coking coal prices have shown resilience, with producers of high-quality primary coking coal benefiting from the persistence of high prices amid rigid supply conditions.
Hong Kong Stocks in Motion | China Qinfa (00866) Rises Nearly 15% Again; First-Half After-Tax Profit Expected Not to Exceed RMB 290 Million
China Qinfa Group (00866) rose nearly 15%. As of press time, the stock was up 10.83% to HK$1.995, with a turnover of HK$10.1119 million.
Hong Kong Stocks in Focus | Select coal stocks rise in afternoon trading as strategic importance of coal energy supply security continues to grow; capacity structure expected to optimize
Selected coal stocks rose in afternoon trading. As of press time, Lianfa Development (01277) was up 4.36% at HK$2.035; China Qinfa (00866) gained 4.34% to HK$1.805; China Coal Energy (01898) advanced 1.76% to HK$11.00; and China Shenhua Energy (01088) rose 0.98% to HK$43.14.