On the evening of October 28, Shaanxi Energy announced that its controlling subsidiary, Linbei Coal Industry, plans to invest in the Zhangba Coal Mine Project in the Yonglong Mining Area of Shaanxi through a cash contribution, with a total investment of 6.997 billion yuan (excluding mining rights fees), of which the capital contribution is 2.123 billion yuan, accounting for 30.34% of the total investment.  
It is reported that the project will have a construction scale of 5 million tons per year, including a conventional capacity of 4 million tons per year and a reserved capacity of 1 million tons per year, with a coal preparation plant of the same scale to be built to support it. The construction period is about 46 months, with funding coming from self-raised and own funds.  
The industrial site is located in the southwest of the mining field, using a shaft development method, initially adopting a central parallel ventilation system, and arranging one fully mechanized top coal caving face upon production. Underground coal transportation will use belt conveyors, with auxiliary transport using trackless rubber-wheeled vehicles. Coal preparation will employ intelligent dry separation and dense-medium shallow tank separation processes. Dual-circuit power sources will be drawn from the Zhangba 110 kV substation and the Zhaoxian 110 kV substation.  
Shaanxi Energy stated that the Zhangba mining field has relatively abundant coal reserves, and the project aligns with national industrial policies and Shaanxi Province’s development plan, which is conducive to strengthening the company's main coal and power operations and enhancing sustainable development capabilities.  
The company emphasized that the project’s implementation is a careful decision made according to the company's strategic development needs to expand the scale of its main coal and power operations, create new business growth points, and enhance profitability and overall competitiveness. It will help further optimize the company’s industrial structure, effectively increase coal production, lower electricity production costs, and lay a solid foundation for long-term development.  
On the same evening, Shaanxi Energy also released its third-quarter financial report. In the third quarter of 2025, the company achieved operating revenue of 6.497 billion yuan, a year-on-year increase of 3.78%; net profit attributable to shareholders was 1.083 billion yuan, a year-on-year increase of 13.24%; and basic earnings per share were 0.29 yuan, a year-on-year increase of 11.54%.  
According to the report, to cope with the market impacts of falling coal prices and reduced electricity consumption, during the reporting period, Shaanxi Energy leveraged the advantages of 'coal-power integration,' actively responded to market changes, optimized coal procurement and sales strategies, increased coal external sales, continuously enhanced power ancillary service capabilities, actively participated in electricity market trading, while strengthening internal management and taking effective measures to improve quality and efficiency, achieving remarkable results.  
Operating data shows that in the third quarter, Shaanxi Energy’s raw coal output was 5.8379 million tons, up 17.83% year-on-year; the cumulative output for the first three quarters was 15.7241 million tons, up 10.46% year-on-year. In the third quarter, external sales of self-produced coal were 4.4128 million tons, up 136.98% year-on-year; cumulative sales for the first three quarters totaled 10.1355 million tons, up 78.80% year-on-year. Third-quarter power generation was 15.225 billion kWh, down 1.00% year-on-year; cumulative generation for the first three quarters was 37.147 billion kWh, down 5.91% year-on-year. The third-quarter online electricity was 14.261 billion kWh, down 1.18% year-on-year; cumulative online electricity for the first three quarters was 34.744 billion kWh, down 5.89% year-on-year.