A-Share Market Close | Shanghai Composite Rises 0.57% to Hit a Multi-Stage High, Led by Gains in Coal, Electronics, and Specialty Gases
On August 6, the three major A-share indices moved mixed, overall opening lower, rebounding upward during the session, and then retreating in a volatile pattern.
Express News | 14:00 Quick Commentary: Trading Volume Contracts in the Afternoon as Market Themes Continue to Rotate
Markets retreated with increased volatility, and the ChiNext Index extended its losses to 1%. In terms of trading volume, market activity weakened; during the first hour, combined trading volume across both exchanges declined by RMB 115.7 billion, suggesting a projected total daily turnover of RMB 2.6 trillion. Market themes continued rotating in the afternoon session. The intelligent driving concept saw brief upward momentum, though overall strength remained modest—Dazhong Transportation surged toward its daily limit before pulling back. The cybersecurity/information security sector gained ground amid fluctuations, with Ren Zixing hitting a 20% daily trading limit, followed by Guoan Shares and Jilin University Zhengyuan surging straight to their respective daily limits. The coal sector maintained strong performance, with Huaibei Mining, Pingmei Co., Ltd., and Yankuang Energy Group Limited reaching their daily trading limits sequentially. Short-term market sentiment showed slight divergence, with the limit-up success rate declining to 77%, and multi-day consecutive gainer Chuanzhi Education experienced volatile downward pressure.
Zhongtai Securities: Stronger coal price momentum emerges as peak-season demand drives inventory drawdown
From a trading perspective, due to the excessive concentration of fund holdings in Q2 2026 and the pullback in high-beta sectors, dividend-focused strategies have once again attracted investor interest, with the coal sector continuing to offer strong appeal through its high dividend yields and low valuations.
Pingdingshan Tianan Coal Mining Logs 9.4% Rise in H1 Coal Sales Gross Profit
Pingdingshan Tianan Coal Mining (SHA:601666) logged first-half commercial coal sales gross profit of 1.90 billion yuan, up 9.4% from 1.74 billion yuan the previous year.Commercial coal sales revenue
A flurry of positive signals has emerged, with more than 20 Shanghai-listed companies simultaneously announcing share repurchases, earnings updates, and interim dividend plans.
① This evening, multiple Shanghai-listed companies simultaneously released positive signals. ② Share repurchases and stake increases continue to expand in scale and volume, business fundamentals maintain a positive trend, and shareholder returns as well as market stability continue to improve.
Pingmei Co., Ltd. (SHA: 601666): Sales volume of commercial coal increased by 16.62% year-on-year in the first half of the year.
Pingmei Co., Ltd. (SHA: 601666) announced that the company's commercial coal output for January–June 2026 was 13.12 million tonnes, an increase of 3.82% year-on-year; commercial coal sales amounted to 13.34 million tonnes, up 16.62% year-on-year.
Pingmei Share (601666) Company In-Depth Report: Prominent Leading Position in Central-South Coking Coal; Recovery in Volume and Price Opens Up Growth Potential
China South Coal's leading position is particularly strong, with both volume and pricing recovering to unlock growth potential; we maintain a "Buy" rating. The company is a premier producer of high-quality coking coal in the central-southern region, boasting substantial coking coal reserves and a well-established coal production infrastructure. By 2026, the center of gravity for coking coal prices is expected to rise, further supported by…
GuoSen Securities Starts Pingdingshan Tianan Coal Mining at Outperform With 8.60 Yuan Price Target
Pingdingshan Tianan Coal Mining (SHA:601666) has an average rating of buy and mean price target of 10.85 yuan, according to analysts polled by FactSet.
Pingmei Co., Ltd. (SHA: 601666): Proposes to waive its right of first refusal on the equity interest in its subsidiary Xinjiang Tian'an Diantou Company.
Gelonghui, July 6 — Pingmei Co., Ltd. (SHSE: 601666) announced that Xinjiang Pingmei Tian’an Diantou Energy Co., Ltd. (hereinafter referred to as “Xinjiang Tian’an Diantou”), a majority-owned subsidiary of the Company, has a minority shareholder, China Power Investment Corporation Xinjiang Energy & Chemical Group HeFeng Co., Ltd. (hereinafter referred to as “Xinjiang HeFeng”), which intends to transfer its 39% equity interest in Xinjiang Tian’an Diantou to China Power International Development Limited through an internal restructuring. The Company intends to waive its right of first refusal. This waiver will not alter the Company’s equity stake or controlling status in Xinjiang Tian’an Diantou, and the Company’s interests in Xinjiang Tian’an Diantou will remain unaffected.
Express News | The coal sector surged amid volatility, with Haohua Energy hitting the daily trading limit.
The coal sector surged amid volatility, with Haohua Energy hitting the daily trading limit, followed by Shaanxi Coal Industry, Xinji Energy, Yankuang Energy, China Coal Energy, Pingmei Shares, and China Shenhua. According to a recent research report by Zhou Tai's team at Guolian Minsheng Energy, meteorological authorities forecast four distinct periods of high temperatures in July, with many regions experiencing more hot days than the seasonal average. The onset of high temperatures is expected to boost daily power plant coal consumption, accelerate inventory drawdowns, and catalyze a rebound in coal prices.
Express News | The coal sector continued to decline, with Dayou Energy hitting the daily trading limit down.
The coal sector continued to decline during trading hours, with Dayou Energy hitting the daily trading limit down, Zhengzhou Coal & Power approaching the limit down, and Liaoning Energy, Pingmei Co., Ltd., Hengyuan Coal & Power, Shanghai Energy, and Shanxi Coking Coal all falling more than 4%.
Pingmei Co., Ltd. (SHSE: 601666) 2025 Annual Dividend Distribution: RMB 0.06 per share
Gelonghui, June 23 — Pingmei Co., Ltd. (SHA: 601666) announced its 2025 annual profit distribution implementation notice. According to the profit distribution plan approved by the company’s 2025 annual shareholders’ meeting, the distribution will be based on the total number of shares outstanding as of the record date, totaling 2,469,365,109 shares, minus 132,213,291 shares held in the company’s repurchase account, resulting in a base of 2,337,151,818 shares. A cash dividend of RMB 0.60 (pre-tax) per 10 shares will be distributed, amounting to a total of RMB 140,229,109.08. No bonus shares will be issued, and no capital reserve will be converted into share capital. The equity registration date for this profit distribution is
Coal stocks on the A-share market broadly declined, with Jizhong Energy and Pingmei Co., Ltd. falling more than 3%.
Gelonghui, June 16 | Coal stocks on the A-share market declined broadly, with Dian Tou Energy falling over 5%, Huaibei Mining, Jizhong Energy, and Pingmei Co., Ltd. dropping more than 3%, and Shaanxi Coal Industry, Su Neng Co., Ltd., Hengyuan Coal Electricity, Zhengzhou Coal Industry & Electric Power, Meijin Energy, Shanxi Coking Chemical, Shaanxi Heimao, Gansu Energy Chemical, and Kailuan Co., Ltd. all falling over 2%.
Express News | The coal sector has shown repeated strength, with Dayou Energy achieving six consecutive daily trading limits.
The coal sector has shown repeated strength, with Dayou Energy achieving six consecutive daily trading limits. Zhengzhou Coal & Power, Pingmei Co., Ltd., Shanxi Coking Coal, Baotailong, and Yankuang Energy followed with gains. On the news front, according to 100ppi, the benchmark price for coking coal stood at RMB 1,712.50 per ton on June 8, up 5.71% from the beginning of the month (RMB 1,620.00 per ton).
Express News | The coal sector showed localized strength, with Dayou Energy posting five consecutive daily trading limits.
The coal sector showed localized strength, with Dayou Energy posting five consecutive daily trading limits, Antai Group achieving two straight daily limits, and Guanghui Energy, Baotailong, and Pingmei Shares following with gains. On the news front, on June 5, Chem99’s benchmark price for coking coal stood at RMB 1,712.50 per tonne, up 5.71% from the beginning of the month (RMB 1,620.00 per tonne).
Express News | Midday Review of A-Share Market: Three Major Indices Trade Lower in Morning Session; CSSC-Related Stocks Rise Against the Trend
The three major A-share indices opened lower in the morning session, briefly rebounded upward—with the Shenzhen Component Index briefly turning positive—before entering a sustained period of downward volatility. As of the midday close, the Shanghai Composite Index fell 0.43%, the Shenzhen Component Index declined 0.46%, and the ChiNext Price Index dropped 1.10%. In sector and stock performance, shares related to China State Shipbuilding Corporation (CSSC) rose collectively. Zhongchuan Teqi surged by the 20% daily trading limit, China Shipbuilding Power Technology Co., Ltd. hit the daily limit up, and Jiuzhiyang and Zhongchuan Hanguang posted notable gains. The coal mining and processing sector opened lower but reversed course strongly; Antai Group, Pingmei Co., Ltd., and Dayou Energy all reached their daily trading limits, while Zhengzhou Coal Mining & Electric Power Co., Ltd., Huaibei Mining Holdings Co., Ltd., and Shaanxi Heimao Coking Co., Ltd. also advanced significantly. The memory chip sector also showed strength, with Shanghai Silicon Industry Group surging over 15% intraday, and Taiji Industry Co., Ltd. and Dawei Shares hitting their daily trading limits. Biwin Storage, Longsys, and Demingli also posted strong gains. Meanwhile, the oil and gas extraction and services sector declined during the morning session, led by Tongyuan Petroleum and Keli Shares.
Express News | The coal sector remained repeatedly active, with Antai Group surging toward its daily trading limit.
The coal sector remained repeatedly active, with Antai Group surging toward its daily trading limit. Earlier, Dayou Energy reached its daily trading limit, followed by gains in Pingmei Shares, Yankuang Energy, Shaanxi Coal Industry, and Shanxi Coking Coal. On the news front, coking coal prices rose by more than 4%. In late May, widespread mine shutdowns for safety inspections drove both futures and spot prices of coking coal higher simultaneously.
Express News | The coal sector continued to rise, with Xinji Energy hitting the daily trading limit.
The coal sector continued to rise, with Xinji Energy hitting the daily trading limit. Previously, Dayou Energy, Zhengzhou Coal Industry & Electric Power, Haohua Energy, Jinkong Coal Industry, and Lu'an Environmental Energy all reached their daily trading limits, while Shanxi Coal International, Shanxi Coking Coal, Pingmei Co., Ltd., and China Shenhua followed with gains. On the news front, the benchmark coking coal futures contract on the Dalian Commodity Exchange hit the daily trading limit at RMB 1,387.5 per ton, up 7.98%.
Shanxi Securities: Indonesia's resource nationalism intensifies; imports of low-calorific coal are expected to continue contracting.
In May 2026, the Indonesian president announced that sales of commodities such as coal must be conducted through state-owned enterprises designated by the government. The new policy includes a transition period, and this government action continues the resource nationalism pursued since 2026.
Why did coal prices hit the daily trading limit just five minutes after safety inspections were tightened slightly?
Let’s begin with an unusual scene. According to an article from People's Financial News, on the morning of May 25, coking coal and coke futures surged almost across the board, with all contracts in the coal-coke complex hitting their daily trading limits. Meanwhile, the coal sector on China’s A-share market rallied collectively—Panjiang Shares, Huaibei Mining, and Pingmei Shares all reached their daily upside limits, while Lu’an Environmental Energy rose more than 7%. What makes this situation anomalous? The catalyst for this rally was neither a sudden spike in demand nor merely the approach of summer—it was two words: safety inspections. Tightened safety oversight sounds like a burden for coal mines, so how did it become a 'positive driver' pushing coal prices to their daily limits? To clarify this, we’ll cut straight to the point and trace the journey of one ton of coal—from the mine all the way to the trading limit. First stop: