Henan Jinma Energy Company Limited has announced a profit warning, indicating an expected loss of approximately RMB350 million for the year ended 31 December 2024, compared to a profit of approximately RMB23 million in the previous year. The loss is primarily due to a significant reduction in the gross profit of its coke segment, caused by a 21% decrease in the margin between coal purchase prices and coke selling prices throughout 2024. This announcement highlights potential challenges in the company’s financial performance and may impact investor confidence.

Henan Jinma Energy Company Limited is a joint stock company incorporated in the People’s Republic of China. The company operates in the energy sector, with a focus on the coke segment, which involves the production and sale of coke, a derivative of coal used primarily in steel manufacturing.