Large resource and capacity base
Controlled proven coal reserves >70 billion tonnes; total coal capacity 310 million tonnes; annual trading volume ~400 million tonnes; 11 chemical projects >20 million tonnes capacity; installed thermal power capacity >47 GW and renewable installed capacity >7 GW; managed total assets >RMB 650 billion and ~120,000 employees.
Strong multi-year growth during 14th Five‑Year Plan
Over the 14th Five‑Year Plan the group increased total assets from ~RMB 400 billion (2020) to >RMB 600–650 billion, total coal production capacity +22% vs 2020, thermal installed capacity quadrupled vs 2020, average annual operating revenue +80% vs prior period and average annual total profit >RMB 40 billion.
China Coal Energy: scale gains across coal output and sales
14th Five‑Year Plan commercial coal output 639 million tonnes (+43% vs 13th Plan) and cumulative commercial coal sales 1.4 billion tonnes (+52.7% vs 13th Plan); 2025 commercial coal output ~135 million tonnes (still historically high).
Coal chemical and new energy expansion
14th Five coal chemical output 28.9 million tonnes (+49.2% vs 13th Plan); sales 29.545 million tonnes (+49.9%); installed capacity of wholly owned/controlled coal-fired power plants +58% and new energy installed capacity reached 12 million kW (from scratch). 2025 coal chemical output 6.06 million tonnes (+6.5% YoY).
Cost control and improved unit economics
Unit sales cost of self-produced commercial coal fell to CNY 251.51/ton, down CNY 30.2 (−10.7%); material cost −9.4% and other costs −43%; unit costs for major chemical products also declined (e.g., urea unit cost −21.7%, methanol −35.7%). These cost reductions added CNY 4.16 billion to profit.
Solid financial resilience and cash generation
Despite industry pressure, 2025 net profit attributable CNY 17.9 billion and net cash inflow from operating activities ~CNY 30 billion; asset‑liability ratio improved to 45.8%; 14th Five average annual net cash flow from operations CNY 39.7 billion (+109% vs prior period).
Execution of investment plans and CapEx discipline
2025 CapEx plan ~CNY 21.678 billion with CNY 19.92 billion completed (91.9% execution). 2026 CapEx planned CNY 21.32 billion (+7.05% vs 2025) allocated across Coal (CNY 7.24bn), Coal Chemicals (CNY 8.48bn), Coal Power (CNY 2.18bn), New Energy (CNY 2.6bn).
Dividend policy and shareholder returns maintained
Listed subsidiaries cumulatively distributed dividends of CNY 30.9 billion in the 14th Five (+360% vs prior Five‑Year period). China Coal Energy proposed 2025 cash dividend RMB 5.07 billion (35% of attributable profit); cumulative dividends since listing reached CNY 46.1 billion for the company.
Operational & technology progress at subsidiaries
Xinji Energy: 2025 production 19.76m tonnes, generation 14.2bn kWh, revenue CNY 12.3bn, net profit attributable CNY 2.1bn; intelligent and digital upgrades (RMB 330m), major R&D projects and 5G+ smart power plant pilot. Shanghai Energy: new energy projects connected, installed new energy under construction 672,000 kW and R&D spend +4.12%.