Announcement • Apr 29
Yunnan Coal & Energy Co.,Ltd., Annual General Meeting, May 20, 2026 Yunnan Coal & Energy Co.,Ltd., Annual General Meeting, May 20, 2026, at 14:30 China Standard Time. Reported Earnings • Apr 22
First quarter 2026 earnings released: CN¥0.09 loss per share (vs CN¥0.08 loss in 1Q 2025) First quarter 2026 results: CN¥0.09 loss per share (further deteriorated from CN¥0.08 loss in 1Q 2025). Revenue: CN¥1.49b (up 16% from 1Q 2025). Net loss: CN¥97.3m (loss widened 6.3% from 1Q 2025). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 76 percentage points per year, which is a significant difference in performance. New Risk • Apr 05
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Chinese stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Earnings have declined by 55% per year over the past 5 years. New Risk • Nov 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 55% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (7.9% average weekly change). Reported Earnings • Oct 28
Third quarter 2025 earnings released: CN¥0.015 loss per share (vs CN¥0.071 loss in 3Q 2024) Third quarter 2025 results: CN¥0.015 loss per share (improved from CN¥0.071 loss in 3Q 2024). Revenue: CN¥1.39b (down 12% from 3Q 2024). Net loss: CN¥18.3m (loss narrowed 77% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 58% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Oct 23
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 25% to CN¥5.14. The fair value is estimated to be CN¥4.23, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.6% over the last 3 years. Earnings per share has declined by 50%. Reported Earnings • Aug 22
Second quarter 2025 earnings released: CN¥0.069 loss per share (vs CN¥0.10 loss in 2Q 2024) Second quarter 2025 results: CN¥0.069 loss per share (improved from CN¥0.10 loss in 2Q 2024). Revenue: CN¥1.29b (down 25% from 2Q 2024). Net loss: CN¥71.9m (loss narrowed 35% from 2Q 2024). Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Chinese stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (6.7% average weekly change). Announcement • Apr 22
Yunnan Coal & Energy Co.,Ltd., Annual General Meeting, May 13, 2025 Yunnan Coal & Energy Co.,Ltd., Annual General Meeting, May 13, 2025, at 14:30 China Standard Time. Reported Earnings • Apr 15
Full year 2024 earnings released: CN¥0.62 loss per share (vs CN¥0.15 profit in FY 2023) Full year 2024 results: CN¥0.62 loss per share (down from CN¥0.15 profit in FY 2023). Revenue: CN¥6.67b (down 11% from FY 2023). Net loss: CN¥662.2m (down CN¥809.2m from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 14% per year, which means it has not declined as severely as earnings. Reported Earnings • Oct 29
Third quarter 2024 earnings released: CN¥0.071 loss per share (vs CN¥0.37 profit in 3Q 2023) Third quarter 2024 results: CN¥0.071 loss per share (down from CN¥0.37 profit in 3Q 2023). Revenue: CN¥1.57b (down 14% from 3Q 2023). Net loss: CN¥78.2m (down 129% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. New Risk • Sep 11
New major risk - Revenue and earnings growth Earnings have declined by 43% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CN¥771m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Earnings have declined by 43% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (12% increase in shares outstanding). New Risk • May 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 12% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). High level of non-cash earnings (21% accrual ratio). Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Shareholders have been diluted in the past year (12% increase in shares outstanding). Reported Earnings • Apr 28
First quarter 2024 earnings released: CN¥0.12 loss per share (vs CN¥0.02 loss in 1Q 2023) First quarter 2024 results: CN¥0.12 loss per share (further deteriorated from CN¥0.02 loss in 1Q 2023). Revenue: CN¥1.86b (down 1.2% from 1Q 2023). Net loss: CN¥122.9m (loss widened CN¥107.3m from 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Announcement • Mar 04
Yunnan Fuze Mining Co., Ltd. completed the acquisition of Shizong County Jinshan Coal Mine Co., Ltd from Yunnan Coal & Energy Co.,Ltd. (SHSE:600792) for CNY 8.22 million. Yunnan Fuze Mining Co., Ltd. agreed to acquire Shizong County Jinshan Coal Mine Co., Ltd from Yunnan Coal & Energy Co.,Ltd. (SHSE:600792) for CNY 8.22 million on February 29, 2024.
Yunnan Fuze Mining Co., Ltd. completed the acquisition of Shizong County Jinshan Coal Mine Co., Ltd from Yunnan Coal & Energy Co.,Ltd. (SHSE:600792) on March 1, 2024. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to CN¥4.28, the stock trades at a trailing P/E ratio of 28.5x. Average trailing P/E is 26x in the Chemicals industry in China. Total loss to shareholders of 3.4% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥3.95, the stock trades at a trailing P/E ratio of 26.3x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 4.2% over the past three years. Valuation Update With 7 Day Price Move • Dec 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to CN¥4.81, the stock trades at a trailing P/E ratio of 32x. Average trailing P/E is 35x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years. Valuation Update With 7 Day Price Move • Nov 27
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to CN¥6.06, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 69% over the past three years. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to CN¥4.93, the stock trades at a trailing P/E ratio of 32.8x. Average trailing P/E is 37x in the Chemicals industry in China. Total returns to shareholders of 58% over the past three years. New Risk • Oct 20
New major risk - Financial position The company's debt is not well covered by operating cash flow. Currently running at an operating cash loss. This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (8.8% average weekly change). High level of non-cash earnings (27% accrual ratio). Reported Earnings • Oct 20
Third quarter 2023 earnings released: EPS: CN¥0.37 (vs CN¥0.041 loss in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.37 (up from CN¥0.041 loss in 3Q 2022). Revenue: CN¥1.81b (up 5.1% from 3Q 2022). Net income: CN¥267.9m (up CN¥302.4m from 3Q 2022). Profit margin: 15% (up from net loss in 3Q 2022). The move to profitability was primarily driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Reported Earnings • Aug 25
Second quarter 2023 earnings released: CN¥0.012 loss per share (vs CN¥0.01 loss in 2Q 2022) Second quarter 2023 results: CN¥0.012 loss per share (further deteriorated from CN¥0.01 loss in 2Q 2022). Revenue: CN¥1.80b (down 16% from 2Q 2022). Net loss: CN¥17.6m (loss widened 64% from 2Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 92 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 28
First quarter 2023 earnings released: CN¥0.02 loss per share (vs CN¥0.05 loss in 1Q 2022) First quarter 2023 results: CN¥0.02 loss per share (improved from CN¥0.05 loss in 1Q 2022). Revenue: CN¥1.89b (up 2.7% from 1Q 2022). Net loss: CN¥15.6m (loss narrowed 69% from 1Q 2022). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 97 percentage points per year, which is a significant difference in performance. Buying Opportunity • Jan 05
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 8.9%. The fair value is estimated to be CN¥4.34, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 10% over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent There are 8 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 8 new directors. 4 experienced directors. No highly experienced directors. 3 independent directors (6 non-independent directors). Employee Supervisor Qiong Chen is the most experienced director on the board, commencing their role in 2015. Independent Director Yong Yang was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
Third quarter 2022 earnings released: CN¥0.041 loss per share (vs CN¥0.016 profit in 3Q 2021) Third quarter 2022 results: CN¥0.041 loss per share (down from CN¥0.016 profit in 3Q 2021). Revenue: CN¥1.73b (up 6.1% from 3Q 2021). Net loss: CN¥34.5m (down 340% from profit in 3Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Announcement • Sep 17
Yunnan Coal & Energy Co.,Ltd. announced that it expects to receive CNY 869.070339 million in funding from Kunming Iron & Steel Holding Co., Ltd. Yunnan Coal & Energy Co.,Ltd announced a private placement of 94,736,800 shares on issue price of RMB 9.50 per share for an aggregate gross proceeds of RMB 869070339 on September 16, 2022. The transaction will include participation from Kunming Iron & Steel Holding Co., Ltd. The transaction has been approved by the China Securities Regulatory Commission Reported Earnings • Aug 15
Second quarter 2022 earnings released: CN¥0.01 loss per share (vs CN¥0.058 profit in 2Q 2021) Second quarter 2022 results: CN¥0.01 loss per share (down from CN¥0.058 profit in 2Q 2021). Revenue: CN¥2.14b (up 56% from 2Q 2021). Net loss: CN¥10.8m (down 118% from profit in 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 88 percentage points per year, which is a significant difference in performance. Reported Earnings • Apr 30
First quarter 2022 earnings released: CN¥0.05 loss per share (vs CN¥0.052 profit in 1Q 2021) First quarter 2022 results: CN¥0.05 loss per share (down from CN¥0.052 profit in 1Q 2021). Revenue: CN¥1.84b (up 35% from 1Q 2021). Net loss: CN¥50.0m (down 197% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Reported Earnings • Mar 30
Full year 2021 earnings released: CN¥0.03 loss per share (vs CN¥0.06 profit in FY 2020) Full year 2021 results: CN¥0.03 loss per share (down from CN¥0.06 profit in FY 2020). Revenue: CN¥6.10b (up 29% from FY 2020). Net loss: CN¥29.7m (down 150% from profit in FY 2020). Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 22
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥4.42, the stock trades at a trailing P/E ratio of 25.4x. Average trailing P/E is 30x in the Chemicals industry in China. Total returns to shareholders of 19% over the past three years. Valuation Update With 7 Day Price Move • Mar 03
Investor sentiment improved over the past week After last week's 25% share price gain to CN¥4.72, the stock trades at a trailing P/E ratio of 27.1x. Average trailing P/E is 33x in the Chemicals industry in China. Total returns to shareholders of 28% over the past three years. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS CN¥0.016 (vs CN¥0.04 in 3Q 2020) The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: CN¥1.63b (up 34% from 3Q 2020). Net income: CN¥14.4m (down 62% from 3Q 2020). Profit margin: 0.9% (down from 3.1% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 15% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 21% share price gain to CN¥5.67, the stock trades at a trailing P/E ratio of 28.7x. Average trailing P/E is 31x in the Chemicals industry in China. Total returns to shareholders of 100% over the past three years. Valuation Update With 7 Day Price Move • Sep 08
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥5.47, the stock trades at a trailing P/E ratio of 29.9x. Average trailing P/E is 34x in the Chemicals industry in China. Total returns to shareholders of 56% over the past three years. Reported Earnings • Aug 22
Second quarter 2021 earnings released: EPS CN¥0.058 (vs CN¥0.049 loss in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥1.37b (up 22% from 2Q 2020). Net income: CN¥59.6m (up CN¥87.2m from 2Q 2020). Profit margin: 4.3% (up from net loss in 2Q 2020). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 10
Investor sentiment improved over the past week After last week's 15% share price gain to CN¥4.44, the stock trades at a trailing P/E ratio of 38.9x. Average trailing P/E is 28x in the Chemicals industry in China. Total returns to shareholders of 19% over the past three years. Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS CN¥0.052 (vs CN¥0.002 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: CN¥1.37b (up 28% from 1Q 2020). Net income: CN¥51.4m (up CN¥49.2m from 1Q 2020). Profit margin: 3.8% (up from 0.2% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Mar 30
Full year 2020 earnings released: EPS CN¥0.06 (vs CN¥0.24 in FY 2019) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: CN¥4.72b (down 18% from FY 2019). Net income: CN¥59.0m (down 75% from FY 2019). Profit margin: 1.3% (down from 4.2% in FY 2019). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 05
Yunnan Coal & Energy Co., Ltd. to Report Fiscal Year 2020 Results on Mar 30, 2021 Yunnan Coal & Energy Co., Ltd. announced that they will report fiscal year 2020 results on Mar 30, 2021 Is New 90 Day High Low • Feb 22
New 90-day high: CN¥4.53 The company is up 29% from its price of CN¥3.52 on 24 November 2020. The Chinese market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 18% over the same period. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment deteriorated over the past week After last week's 23% share price decline to CN¥3.38, the stock is trading at a trailing P/E ratio of 79.7x, down from the previous P/E ratio of 103.7x. This compares to an average P/E of 35x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 11%. Is New 90 Day High Low • Jan 26
New 90-day high: CN¥4.35 The company is up 49% from its price of CN¥2.92 on 28 October 2020. The Chinese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 24% over the same period. Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorated over the past week After last week's 16% share price decline to CN¥3.21, the stock is trading at a trailing P/E ratio of 75.7x, down from the previous P/E ratio of 89.6x. This compares to an average P/E of 35x in the Chemicals industry in China. Total return to shareholders over the past three years is a loss of 24%. Is New 90 Day High Low • Dec 28
New 90-day high: CN¥3.83 The company is up 32% from its price of CN¥2.91 on 29 September 2020. The Chinese market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 10
New 90-day high: CN¥3.78 The company is up 25% from its price of CN¥3.03 on 11 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 10.0% over the same period. Is New 90 Day High Low • Nov 19
New 90-day high: CN¥3.22 The company is up 4.0% from its price of CN¥3.10 on 21 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 6.0% over the same period. Is New 90 Day High Low • Oct 30
New 90-day low: CN¥2.87 The company is down 6.0% from its price of CN¥3.05 on 31 July 2020. The Chinese market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 2.0% over the same period. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥40.2m, down 87% from the prior year. Total revenue was CN¥4.90b over the last 12 months, down 16% from the prior year. Announcement • Jul 08
Yunnan Coal & Energy Co., Ltd. to Report First Half, 2020 Results on Aug 21, 2020 Yunnan Coal & Energy Co., Ltd. announced that they will report first half, 2020 results on Aug 21, 2020 
