Gelonghui, December 18 | Debang Securities' Research Reports pointed out that Huaibei Mining Holdings (600985.SH) shareholders increasing their Shareholding highlights their confidence in the company's future development and recognition of its long-term investment value, which will effectively promote the company's continuous, stable, and healthy development, and there is ample growth potential ahead. The "Buy" rating is maintained. The company is a high-quality producer of coking coal in East China, and the Tao Hu Tu project contributes forward-looking increments. According to estimates, referencing China Coal Energy's Mengda Coal Mine and Beijing Haohua Energy Resource's Gaojialiang Coal Mine, it is expected that after production starts, annual profits could reach 1.671 billion yuan. Moreover, the ethanol project has entered a harvest period, with excellent growth in non-coal business. Ongoing projects are gradually coming to fruition and are expected to provide strong support for the company's long-term performance.