Shougang Resources (00639) Fa Yingxi expects the comprehensive profit attributable to shareholders in the medium term to increase by about 36% to 49% from HK$550 million to HK$600 million

According to Zhitong Finance App, Shougang Resources (00639) announced that for the six months ended June 30, 2026 (this period), the Group is expected to record comprehensive profit attributable to the Company's owners in the range of about HK$550 million to HK$600 million, compared with about HK$404 million for the six months ended June 30, 2025, an increase of about 36% to 49% over the previous year.

The expected increase in comprehensive profit attributable to the Company's owners during this period is mainly due to the following factors: (i) Affected by factors such as geopolitical conflicts disrupting energy supply, coal mine accidents in some major production areas, safety inspections, production stoppage and rectification, etc., the coking coal market price fluctuated and strengthened in the first half of 2026. As the market prices of the Group's main coking coal products rose 20% year on year during this period, the average sales price of the Group's self-produced fine coking coal increased by about 16%. (ii) Seizing market opportunities and striving to achieve production, the Group's self-produced fine coking coal sales increased by no less than 20% over the same period last year. (iii) The reforms and upgrades carried out to improve labor efficiency, in addition to increasing compensation expenses for non-recurring one-time termination, the Group continues to control costs. The production cost per ton of coal (after deducting one-time termination compensation costs, uncontrollable resource taxes and levies) is expected to be lower than the full year level of 2025.