China Qinfa flags 2025 loss on weaker coal prices and forex hit

China Qinfa Group Ltd. ( (HK:0866) ) has shared an update.

China Qinfa Group Limited has warned that it expects to swing to a loss of up to RMB98 million for 2025, compared with a profit of about RMB556.37 million a year earlier, based on preliminary unaudited figures. The result reflects a sharp loss from discontinued operations, partially offset by profit from continuing operations, and signals pressure on the group’s profitability.

Management attributed the downturn mainly to lower average coal selling prices, a steep drop in raw coal production at discontinued operations, and a sizable foreign exchange loss driven by depreciation of the Indonesian rupiah against the renminbi and U.S. dollar. The absence of a one-off gain from the material modification of borrowings that boosted 2024 earnings also weighed on results, even as continuing operations increased coal production and the group deepened its exposure to Indonesian coal assets through higher equity interests in several mines.

The most recent analyst rating on (HK:0866) stock is a Hold with a HK$4.50 price target. To see the full list of analyst forecasts on China Qinfa Group Ltd. stock, see the HK:0866 Stock Forecast page.

More about China Qinfa Group Ltd.

China Qinfa Group Limited is a coal-focused energy group incorporated in the Cayman Islands and listed in Hong Kong. The company operates coal mines and related businesses, with a growing portfolio of coal mining assets in South Kalimantan, Indonesia, where it has increased effective ownership stakes in several mines to majority or full control.

Average Trading Volume: 7,716,014

Technical Sentiment Signal: Buy

Current Market Cap: HK$9.19B

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