Individual coal-related stocks performed well in the morning, with Nan Nan Res (01229.HK) announcing profits and opening high at 14.67% today. The highest price was 0.26 yuan, rising 73% at one point, reaching a new high since September last year. The current price is 0.255 yuan, up 70%, with a turnover of 20,724,000 shares and a capital involvement of 4,579,300 yuan. The company expects a post-tax surplus of no less than 36 million yuan for the fiscal year ending in March, compared to a loss of 59.04 million yuan last year. The main source of the loss-to-profit turnaround is a fair value gain of approximately 62.79 million yuan from convertible bonds. Expected income for the year is expected to decrease by 51.6% to approximately 116 million yuan.

Mongolia Energy (00276.HK) turned losses into profits for the entire year, opening high today at 20.55%. The highest price was 1.1 yuan, rising 50.7% at one point, reaching a new high since June last year. The current price is 1 yuan, up 36.99%, with a turnover of 1,125,800 shares and a capital involvement of 1,138,800 yuan. The company's fiscal year income for the year ending in March was 3.173 billion yuan, an annual increase of 9.2%. The net profit was 1.678 billion yuan, compared to a loss of 1.603 billion yuan last year, with earnings per share of 8.92 yuan. No final dividend will be distributed.

China Coal Energy (01898.HK) also rose more than 3%, currently reporting at 9.83 yuan. Yankuang Energy (01171.HK) and China Shenhua Energy (01088.HK) rose more than 1%, with Yankuang currently reporting at 17.54 yuan and Shenhua reporting at 40.55 yuan. (cy/k)

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