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Shougang Fushan Resources Group Limited ( (HK:0639) ) has shared an announcement.
Shougang Fushan Resources Group Limited has issued a profit warning for the first half of 2025, expecting a significant decrease in profits due to a 45% drop in the average realized selling price of clean coking coal. This decline is attributed to a 41% reduction in market prices and changes in coal quality following a transition to mining lower coal seams. Despite these challenges, the company has taken measures to enhance cost efficiency and ensure safe production. The coking coal market has shown signs of recovery since mid-June 2025, driven by tighter supply, increased market confidence, and strong demand, leading to a 35% increase in coal prices.
More about Shougang Fushan Resources Group Limited
Shougang Fushan Resources Group Limited is a company incorporated in Hong Kong, primarily engaged in the mining and sale of coking coal. The company focuses on producing clean coking coal products, which are essential for steel production.
Average Trading Volume: 11,744,243
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$15.22B
For an in-depth examination of 0639 stock, go to TipRanks’ Overview page.