The coal market is not weak during the off-season. The price of thermal coal at Qinhuangdao Port has broken through the 1,000 yuan/ton mark, rising more than 40% year on year. Driven by strong coal prices, according to the Securities Times · Databao statistics, as of the close of trading on October 12, the coal index rose 24.45% during the year, far exceeding the A-share market index during the same period, and ranked first in the Shenwan industry during the same period. The share price of 23 coal stocks rose during the year, accounting for 67.64%. Haohua Energy had a cumulative increase of 83.23% during the year, ranking first. The company achieved net profit of 745 million yuan in the first half of 2026, an increase of 66.14% over the previous year. Judging from the valuation level, net profit for the first half of 2026 was positive, and there were 10 coal stocks with a rolling price-earnings ratio of less than 30 times, including Power Investment Energy, Xinji Energy, Shaanxi Coal, Huayang Co., Ltd., and Shanmei International. Among the 10 coal stocks with low price-earnings ratios and high growth rates mentioned above, the latest dividend rate was over 1%. Among them, Shaanxi Coal, Power Investment Energy, Huayang Shares, Shanmei International, and Yankuang Energy all had dividend ratios of more than 2%. The Shaanxi coal industry has the highest dividend ratio of 3.37%, with an average dividend rate of over 50% since the company went public.

The coal market is not weak during the off-season. The price of thermal coal at Qinhuangdao Port has broken through the 1,000 yuan/ton mark, rising more than 40% year on year. Driven by strong coal prices, according to the Securities Times · Databao statistics, as of the close of trading on October 12, the coal index rose 24.45% during the year, far exceeding the A-share market index during the same period, and ranked first in the Shenwan industry during the same period. The share price of 23 coal stocks rose during the year, accounting for 67.64%. Haohua Energy had a cumulative increase of 83.23% during the year, ranking first. The company achieved net profit of 745 million yuan in the first half of 2026, an increase of 66.14% over the previous year. Judging from the valuation level, net profit for the first half of 2026 was positive, and there were 10 coal stocks with a rolling price-earnings ratio of less than 30 times, including Power Investment Energy, Xinji Energy, Shaanxi Coal, Huayang Co., Ltd., and Shanmei International. Among the 10 coal stocks with low price-earnings ratios and high growth rates mentioned above, the latest dividend rate was over 1%. Among them, Shaanxi Coal, Power Investment Energy, Huayang Shares, Shanmei International, and Yankuang Energy all had dividend ratios of more than 2%. The Shaanxi coal industry has the highest dividend ratio of 3.37%, with an average dividend rate of over 50% since the company went public.