Gelonghui 1st November | Shanghai Securities Research Report pointed out that yankuang energy (600188.SH) achieved revenue of 34.321 billion yuan in Q3, a year-on-year decrease of -15.46%, a quarter-on-quarter increase of +5.03%, performance improved quarter-on-quarter, with broad growth potential in multiple sectors. The company's profit in the reporting period decreased year-on-year, mainly due to the decline in prices of major products such as coal. The sales cost per ton in the first three quarters was 2606 yuan/ton, a decrease of 3.2% year-on-year, with Q3 sales cost per ton at 2408 yuan/ton, a decrease of 1.8% year-on-year. The coal chemical business achieved gross margin rates of 20.7% and 24.2% for the first three quarters and Q3 of 2024, respectively, showing an overall improvement in sector profitability. The company has formulated future development plans for synergistic development in multiple sectors, with ample growth potential in the future and stable high dividends to enhance investment value. Maintaining a "buy" rating.