CHINA COAL ENERGY(601898)：RESULTS BETTER THAN EXPECTED;MAINTAINING STABLE INTERIM DIVIDENDS
- The cost of self-produced coal dropped notably, mainly due to cost reduction and adjustment of the use of special reserves. In 1H25, the unit sales cost of self-produced coal (excluding freight of Rmb58/t) fell Rmb32/t YoY to Rmb205/t. Specifically, material and labor costs per tonne of coal fell Rmb5.9 and Rmb6.1 YoY, and other costs per tonne fell Rmb25.3 YoY due to reduced use of safety and maintenance fees. 机构：中金公司 研究员：Yan CHEN Trends to watch Upbeat on earnings recovery in 2H25. As of August 22, the ...