On July 9th, GeLongHui reported that Henan Dayou Energy (600403.SH) expects to have a net income attributable to the owner of the parent company of -0.47 billion yuan in the first half of 2024, a decrease of 313.01% YoY, and an estimated net income after deducting non-recurring gains and losses of -0.465 billion yuan, a decrease of 311.93% YoY, according to preliminary calculations by the financial department.
The main reasons for the expected loss in this period are: First, affected by complex geological conditions, some of the company's mines faced tight replacement of mining in the first half of 2024, and due to accidents, the Gengcun Coal Mine owned by the company has not fully resumed production, which led to a YoY decrease in the company's commodity coal output, thereby affecting the YoY decrease in commodity coal sales. Second, the coal demand in the first half of 2024 was below expectations, and the supply and demand of the coal market continued to be loose, resulting in a YoY decrease in the company's commodity coal sales volume and price.
