Guotai CSI Coal ETF

China Shenhua Announces April Coal Production at 40.6 Million Tons, Down 2.9% YoY

China Coal Energy Indirectly Establishes China Coal (Suide) New Energy Co., Ltd.

NBS: April crude coal output of above-scale industrial enterprises was 390 million tons, down 1.0% year-on-year

China Coal Energy Sees Decrease in Coal and Other Product Output and Sales in April 2026

State Energy Investment Group Indirectly Wholly Establishes Guoneng (Chifeng) Mining Co., Ltd.

China Shenhua's Shendong Coal Industry Launches Intelligent Control System

Citi Downgrades China Coal Energy's 2026 Profit Forecast

Shen Dong Coal Deploys Prototype Mine Water Hazard Detection Equipment

Morgan Stanley Raises Target Price for China Coal Energy to HKD 17.7

BOA Securities Raises Yancoal's Profit Forecast and Target Price

Huatai Securities Raises Target Price and Rating for Yanzhou Coal Energy

Yankuang Energy completes issuance of RMB 2 billion in Sci-Tech Innovation Bonds

China Construction Bank Maintains Buy Rating for Yankuang Energy Group's H Shares

Yankuang Energy Successfully Issues Sci-Tech Innovation Bonds for M&A Funding

PINGMEI COAL released FY2025 earnings on April 29 After-Market (BJT), actual revenue CNY 20.53 B (forecast CNY 27.53 B), actual EPS CNY 0.0935 (forecast CNY 0.32)

PINGMEI COAL released FY2025 Q4 earnings on April 29 After-Market (BJT), actual revenue CNY 5.716 B, actual EPS CNY -0.0195

PINGMEI COAL released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue CNY 6.338 B, actual EPS CNY 0.0486

Yankuang Energy reports 42.14% increase in net profit for Q1 2026

Shanxi Coking Coal released FY2025 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 9.98 B, actual EPS CNY -0.041 (forecast EPS CNY 0.12)

Shanxi Coking Coal released FY2025 earnings on April 28 After-Market (BJT), actual revenue CNY 37.15 B (forecast CNY 41.93 B), actual EPS CNY 0.2115 (forecast CNY 0.37)

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SouthGobi Resources reported a shift to operating profit in Q1 2026, achieving $4.6 million profit from operations, up from a $15.7 million loss a year prior. This improvement was driven by a rise in coal export volumes to China, which increased to 3.1 million tonnes despite a decrease in average selling price from $59.5 to $54.4 per tonne. The company enhanced its mining operations and coal processing methods to improve product quality, addressing market uncertainties in the Chinese coal sector.

Tip Ranks

SOUTHGOBI

SouthGobi Swings to Operating Profit on Higher Coal Volumes Despite Lower Prices

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M Stanley has rated CHINA COALas Overweight, citing better-than-expected earnings due to cost controls and a recovery in its coal chemical business. The firm anticipates a slight rise in mainland coal prices in 2026, driven by expected overseas supply disruptions and higher import prices. M Stanley has adjusted its EPS forecasts down by 3% for this year and 2% for next year, while raising the target price from HKD17.5 to HKD17.7.

AASTOCKS News

China Coal Energy

CHINA COAL

Morgan Stanley

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

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MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

MORGAN STANLEY DEP SHS REPS 1/1000 PFD SER 'A'

MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

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M Stanley Rates CHINA COAL  Overweight, Expects Slight Rise in Mainland Coal Prices This Year

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China Qinfa Group Ltd. has granted 75.5 million share options to eligible employees under its 2018 scheme, exercisable at HK$3.07 per share from May 2029 to May 2036. The options vest in four equal tranches, contingent on meeting production targets at PT. Sumber Daya Energi and the timely start of production at PT. Trisula Sumber Energi. A clawback mechanism will cause unvested options to lapse if performance goals are unmet or if employees leave, aligning incentives with long-term coal output growth.

CHINA QINFA

China Qinfa Grants 75.5 Million Share Options Tied to Coal Output Targets

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At yesterday's close, Yancoal Australia had a trading volume of approximately HKD 85.38 million, ranking among the top in trading activity within the coal sector. The MACD daily line formed a bullish signal above the zero axis, and the short-term moving averages maintained an upward trend. This technical pattern is typically interpreted as a phase acceleration signal within a medium-term bullish trend. Recently, the coal sector has shown signs of recovery, and Yancoal Australia, as a core overseas coal asset under Yankuang Energy, has seen increased capital attention. On the news front, the escalating situation in the Middle East has become the largest macro variable in today's market. Reports of U.S. military plans to strike Iran pushed Brent crude oil up 7.1% to USD 126.41 per barrel, reaching a new high since June 2022. The surge in oil prices has a strong driving effect on alternative energy varieties, and coal, as an important component of traditional energy, is expected to see price increases as well. During the same period, Yankuang Energy (1171.HK) rose 1.36% yesterday, with a trading volume of approximately HKD 649 million, and the strong performance at the parent company level provided emotional support for Yancoal Australia. The price component in the April PMI indicates that cost pressures remain significant, and rising energy prices are being transmitted to the mid and downstream sectors, which coal companies are likely to benefit from due to rising product prices. From a technical perspective, the bullish signal above the zero axis and the logic of rising energy prices driven by geopolitical risks create a dual resonance between technical and fundamental aspects. Today's key point is whether oil prices can maintain high levels and whether the coal sector can achieve an overall coordinated rise

Technical Forecast

YANCOAL AUS

YANKUANG ENERGY

CNOOC

PETROCHINA

CNOOC-R

PetroCN HK SDR 1to2

Pre-market trend | YANCOAL AUS (3668.HK) on April 30, oil prices surge driving energy stocks, is the coal sector about to rise?

China Qinfa Group Ltd. has clarified the vesting terms for 75.5 million share options granted to eligible participants. The options will vest and become exercisable on May 11, 2029, contingent on achieving specified performance targets. This long-term equity incentive structure aims to align management and stakeholder interests, with all other terms of the option grant remaining unchanged. China Qinfa operates in the energy and resources sector, focusing on coal-related businesses in mainland China and Asia.

China Qinfa Clarifies Long-Term Vesting Terms for 75.5 Million Share Options

BOCI has raised its target price for YANKUANG ENERGYfrom HKD16.18 to HKD17.8, maintaining a Buy rating. The company reported a 42% year-on-year profit increase to RMB3.96 billion for Q1 2026, largely due to RMB2.9 billion from a coal mine sale. However, core profit fell 61% YoY due to rising costs at Yancoal Australia. The broker anticipates a significant increase in core profit in the coming quarters as coal and chemical product prices rise.

Yancoal Australia Ltd.

BOCI Raises YANKUANG ENERGY  TP to HKD17.8, Rating Buy

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YANKUANG ENERGYshares rose over 6% following a positive earnings report, with a net profit of RMB4 billion for Q1 2026, up 42% YoY. Despite a 61% drop in recurring profit due to rising costs and lower coal prices, analysts from M Stanley and BofAS maintained favorable ratings, citing potential recovery in earnings due to rising coal prices and improved demand. M Stanley set a target price of HKD21.9, while BofAS set a target of HKD17 for H shares and RMB24 for A shares.

Bank of America

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

YANKUANG ENERGY  Jumps Over 6% Post-Results; Favored by M Stanley and BofAS

BOCI has raised the target price for CHINA COALfrom HKD10.78 to HKD11.76 while maintaining a Sell rating. The company's net profit for 1Q26 fell 3% YoY to RMB3.865 billion due to higher production costs and lower sales volume, despite an increase in realized coal prices. BOCI expects earnings to improve in the coming quarters and has raised its earnings forecasts for 2026-2028 by 9% to 10%.

BOCI Raises CHINA COAL  TP to HKD11.76, Maintains Sell

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China Coal Energy Co has renewed key connected transaction frameworks with its controlling shareholder, Shanxi Coking Coal, for the period from January 1, 2027, to December 31, 2029. These agreements cover coal supply, project design, finance leasing, and related services, ensuring compliance with Hong Kong Listing Rules. The renewal reinforces supply chain stability and access to financial resources but highlights reliance on related-party transactions, which investors will scrutinize for governance and fairness. The latest analyst rating for the stock is a Buy with a target price of HK$16.00.

Shanxi Coking Coal

China Coal Energy Renews Key Connected Transaction Frameworks Through 2029

Yancoal Australia has announced the vesting and settlement of 34,837 deferred share rights from its 2023 short-term incentive plan, with half in shares and half in cash. Additionally, 34,930 rights from the 2024 plan also vested, while some rights were cancelled due to staff departures. Over 443,000 rights from the 2024 plan remain outstanding, highlighting the company's strategy of using equity-linked pay to retain key employees. Yancoal operates large-scale coal assets and is listed in Hong Kong and Australia.

Yancoal Updates Vesting and Cancellations in Incentive Share Plans

Guotai CSI Coal ETF(515220.SH)

SouthGobi Swings to Operating Profit on Higher Coal Volumes Despite Lower Prices

M Stanley Rates CHINA COAL Overweight, Expects Slight Rise in Mainland Coal Prices This Year

China Qinfa Grants 75.5 Million Share Options Tied to Coal Output Targets

Pre-market trend | YANCOAL AUS (3668.HK) on April 30, oil prices surge driving energy stocks, is the coal sector about to rise?

China Qinfa Clarifies Long-Term Vesting Terms for 75.5 Million Share Options

BOCI Raises YANKUANG ENERGY TP to HKD17.8, Rating Buy

YANKUANG ENERGY Jumps Over 6% Post-Results; Favored by M Stanley and BofAS

BOCI Raises CHINA COAL TP to HKD11.76, Maintains Sell

China Coal Energy Renews Key Connected Transaction Frameworks Through 2029

Yancoal Updates Vesting and Cancellations in Incentive Share Plans