Wanbei Coal Power Group Posts Strong Q1 Performance with 40% Profit Growth

Wanbei Coal Power Group has adhered to intensive management and tapping internal potential, accelerating the improvement of efficiency and effectiveness to promote high-quality development with both qualitative and quantitative growth. In the first quarter of 2026, the group achieved remarkable operating results, with commercial coal output increasing by 14% year-on-year and 8% above the budget, while total profit rose by 40% year-on-year and 58% above the budget, China Coal News reported.

The group has focused on enhancing operational quality and efficiency. To meet key business indicators, it has made every effort to ensure safety, continuously deepened the construction of grassroots work, basic management and basic skills, and vigorously promoted a three-year special campaign for in-depth solutions to four key areas including gas prevention and control and mine pressure management, maintaining an overall stable safety situation.

In terms of stabilizing production, Wanbei Coal Power vigorously promoted efficiency-oriented production, strengthened the linkage between stope and market, and gave full play to the efficiency of advanced equipment. As a result, clean coal output increased by 69% year-on-year, and raw coal production efficiency rose by 6.3% year-on-year. The group also launched an “Innovation and Efficiency Improvement Year” activity to increase revenue, reduce expenditure and cut costs. The comprehensive cost of commercial coal decreased by 15% compared with the budget, “four major expenses” dropped by 73% from the budget, and the comprehensive financing cost fell by 11% year-on-year.

While improving operational efficiency, the group has continuously expanded effective investment, focusing on green and innovative development to optimize industrial layout and adjust structure. It completed 2.59 billion yuan of investment in the first quarter, an increase of 1.68 billion yuan year-on-year. People’s Network reported that Wanbei Coal Power successfully won the resources of Changheng Coal Coking in Lan County, Shanxi, gaining 130 million tons of coal reserves, and took a stake in Anhui Mining Electromechanical Equipment Company.

Key projects are advancing as scheduled, including the full completion of pile foundation construction for the first phase of Guofeng Mining Deep Processing Plant, the smooth commissioning of the low-viscosity attapulgite powder technological transformation line of Hengjia Company, and the accelerated progress of technical upgrading of the coal preparation plant at Madiliang Coal Mine and capacity improvement of Zhaoxian Mining. The group also promotes green transition projects such as the 30,000-ton/year sodium nitrate project of Ningxia Runxia and distributed wind power in mining areas.

Reform and innovation have been further deepened to inject vitality into development. The group accelerated the cleanup and withdrawal of non-core and non-performing assets, revitalizing more than 50 million yuan of inefficient and idle assets and securing 280 million yuan of policy funds. It increased R&D investment by 10% year-on-year, implemented 70 industry-university-research integration projects, and established a regular exchange mechanism with industry experts. Zhonggong Net noted that its “Luo Hu Innovation Studio” was rated as a national-level innovation studio, and the restructuring of the National Coal Mine Water Hazard Prevention Engineering Technology Research Center entered the review stage.

The strong Q1 performance of Wanbei Coal Power reflects its solid management foundation and strong innovation drive. By deepening reform, optimizing investment and strengthening technological innovation, the group has continuously enhanced its development vitality and momentum, making important contributions to ensuring regional energy security and promoting high-quality development of the coal industry.