Shougang Fushan Resources Group Limited reported robust interim results for the six months ended 30 June 2026, highlighting double-digit growth across revenue, profit and cash reserves.
Revenue rose 54% year-on-year to HK$3.24 billion, driven by a 26% increase in self-produced clean coking coal sales to 1.96 million tonnes and a 16% rise in average realised selling price to RMB1,237 per tonne. Gross profit jumped 75% to HK$1.12 billion, lifting gross margin to 35% from 31%. Excluding trading activity, adjusted gross margin improved to 44%.
Profit for the period advanced 56% to HK$748.06 million, while profit attributable to shareholders grew 46% to HK$588.65 million. EBITDA reached HK$1.35 billion, up 44%. Basic earnings per share increased to HK11.56 cents from HK7.94 cents.
The Board declared an interim dividend of HK10 cents per share, up from HK6 cents a year earlier, payable on 5 November 2026 to shareholders on record as of 21 September 2026.
Operating metrics strengthened: raw coking coal output rose 6% to 2.79 million tonnes; clean coking coal production climbed 27% to 1.95 million tonnes. Trading operations, initiated in March 2025 and expanded to materials and equipment in March 2026, contributed 23% of total revenue and generated HK$7 million in gross profit.
Cost of sales increased 45% to HK$2.12 billion, reflecting higher volumes, a 17% rise in unit production cost to RMB385 per tonne and a stronger renminbi. Other operating expenses surged to HK$106.09 million due to a HK$96.78 million one-off staff redundancy charge.
The balance sheet remained debt-free. Cash, cash equivalents and time deposits climbed 13% to HK$9.05 billion, underpinning a current ratio of 3.78. Capital commitments stood at HK$749.58 million, mainly for investment property acquisition and mining projects. In June 2026 the Group paid a RMB53 million (HK$57.61 million) deposit toward a RMB530 million purchase of office units in Beijing’s Shougang Park.
Post-period, the Board proposed adopting a 2026 Share Option Scheme, subject to shareholder, regulatory and state-asset approvals. No options have been granted to date.
Governance practices remained in full compliance with the Corporate Governance Code and Model Code. The Audit Committee has reviewed the interim results, and SHINEWING (HK) CPA Limited issued an unmodified review conclusion.
No shares were purchased, sold or redeemed during the period.