According to the CITIC Securities Research Report, although coal companies have strengthened their efforts to control the cost of tons of coal since this year, due to factors such as falling coal prices, the sample companies' total net profit fell by about 32% year on year in the first half of the year, and fell by about 15% month-on-month in the second quarter. Against the backdrop of declining performance, the sector's mid-term dividend activity has increased, which also shows the attitude of leading companies to actively return to investors. Looking ahead to the second half of the year, the supply and demand pattern of the industry may improve overall. The coal price center may increase significantly compared to the second quarter, and the third quarter's performance may improve month-on-month or significantly, while factors such as strong implementation of “anti-domestic” policies may become the main catalysts for sector performance.

According to the CITIC Securities Research Report, although coal companies have strengthened their efforts to control the cost of tons of coal since this year, due to factors such as falling coal prices, the sample companies' total net profit fell by about 32% year on year in the first half of the year, and fell by about 15% month-on-month in the second quarter. Against the backdrop of declining performance, the sector's mid-term dividend activity has increased, which also shows the attitude of leading companies to actively return to investors. Looking ahead to the second half of the year, the supply and demand pattern of the industry may improve overall. The coal price center may increase significantly compared to the second quarter, and the third quarter's performance may improve month-on-month or significantly, while factors such as strong implementation of “anti-domestic” policies may become the main catalysts for sector performance.