Jiutai Bangda Energy (02798) is expected to achieve net loss of about 40 million yuan to 50 million yuan in year-on-year profit and loss after tax in the first half of the year

According to Zhitong Finance App News, Jiutai Bangda Energy (02798) announced that the group expects to achieve net loss of about 40 million yuan to 50 million yuan after tax in the first half of 2026, while net profit after tax for the same period in 2025 is about 3 million yuan, turning profit into loss year on year.

According to the announcement, the above expected shift from net profit to net loss is mainly due to geological faults and partial thinning of coal seams at the Xiejiahegou coal mine, forcing a transition to a new underground work surface and requiring additional resources to prepare and develop such new work surfaces, leading to a decline in coal usage. Furthermore, the geological fault in the Hongguo coal mine had an adverse effect on the washing and recovery rate of refined coal, leading to a decrease in refined coal production. Despite continued implementation of operational efficiency measures, the ongoing inflationary cost pressure covering labor, materials, energy and logistics continued to rise compared to the corresponding period in 2025, further affecting the Group's profitability.