Changes in Hong Kong stocks | Shougang Resources (00639) rose more than 4% in the afternoon, coking coal supply remains tight in the second half of the year, and the price center is still expected to remain high

The Zhitong Finance App learned that Shougang Resources (00639) rose more than 4% in the afternoon. As of press release, it had risen 3.74% to HK$2.775, with a turnover of HK$368.495 million.

According to the news, Shougang Resources announced Yingxi. The profit for the first half of the year is expected to be about HK$550 million to HK$600 million, an increase of 36% to 49% over the previous year. According to Guoyuan International, the central hub is about HK$575 million, an increase of 42.3% over the previous year. According to central estimates, the profit for the first half of 2026 is equivalent to 91% of the net profit of HK$632 million returned to mother for the full year of 2025, clearly releasing profit flexibility.

The bank pointed out that in the current context of stricter supervision in Shanxi and Xi'an, where the supply of high-quality main coking coal continues to be tight, and it is difficult to completely replace imported coal, the coking coal price center is likely to be supported in the second half of the year. As a platform for scarce coking coal resources, the company has both low leverage and high dividends. If subsequent profits continue to be repaired and the high dividend policy continues, the company's 2026E-2027E dividend ratio is expected to rise to 7% or more, and the high dividend attribute is attractive for long-term allocation.