兖煤澳大利亚Weak earnings but largely anticipated

招银国际08-20

一、核心财务数据与业绩表现Yancoal Australia(YAL)在2025年上半年的财务表现较为疲弱，净利润为1.63亿澳元，同比下降61%，略低于预期。这一结果主要受到高于预期的有效税率影响。收入下降16%至26亿澳元，主要是由于煤炭销售量同比减少2%以及综合煤炭平均售价(ASP)下降15%。尽管如此，公司仍维持了全年销售量、单位成本和资本支出的指引，并宣布中期股息为每股0.062澳元，...

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