SOUTHGOBI Reports First-Quarter Net Loss of $8.036M, Narrowing by 69.33% Year-on-Year

Stock News

May 14

SOUTHGOBI (01878) announced its financial results for the first quarter of 2026. During the period, the group recorded revenue of $169 million, representing a year-on-year increase of 37.84%. The net loss attributable to the company's equity holders was $8.036 million, a decrease of 69.33% compared to the same period last year. Basic and diluted loss per share was $0.027.

For Q1 2026, the company's average realized selling price was $54.4 per tonne, compared to $59.5 per tonne in Q1 2025. The decline in the average realized price was primarily due to ongoing uncertainties in the Chinese coal market and a cautious stance among buyers. Consequently, the company adjusted its sales strategy and pricing to maintain sales volume.

The product mix for Q1 2026 comprised approximately 39% premium semi-soft coking coal, 35% standard semi-soft coking coal, 20% premium thermal coal, and 6% coal by-products. This compares to the Q1 2025 mix of about 6% premium semi-soft coking coal, 56% standard semi-soft coking coal, 31% premium thermal coal, 6% standard thermal coal, and 1% coal by-products.

The unit cost of sales for products sold in Q1 2026 was $51.5 per tonne, down from $64.9 per tonne in Q1 2025. This reduction was attributed to economies of scale and improved cost control within the coal production process during the period.

The company reported zero lost-time injuries for both the first quarter of 2026 and the first quarter of 2025.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers HK | Online Trading in stocks, bonds & ETFS","description":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","keywords":"tiger trading,tiger security,tiger broker hk,tigers co ltd,tiger trade hk,tiger brokers hk,stock broker,securities broker,online brokerage,hong kong broker,hk broker,online stock trading,online trading platform,stock trading platforms,trading application,stock trading,stock trading hong kong,buying stocks in hong kong,tiger brokers","social":{"ogDescription":"Discover Tiger Brokers HK, an online trading platform for stocks&ETFs, options&futures, bonds and crypto. Open an account to enjoy low commission trading today!","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.gotigerhk.com/news/1101868572"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"HKG","license":"TBHK","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1101868572\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1101868572?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-05-14 17:46","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1101868572","market":"us","top_or_hot":-1,"title":"SOUTHGOBI Reports First-Quarter Net Loss of $8.036M, Narrowing by 69.33% Year-on-Year","media":"Stock News","content":"<p>SOUTHGOBI (01878) announced its financial results for the first quarter of 2026. During the period, the group recorded revenue of $169 million, representing a year-on-year increase of 37.84%. The net loss attributable to the company's equity holders was $8.036 million, a decrease of 69.33% compared to the same period last year. Basic and diluted loss per share was $0.027.</p>\n<p>For Q1 2026, the company's average realized selling price was $54.4 per tonne, compared to $59.5 per tonne in Q1 2025. The decline in the average realized price was primarily due to ongoing uncertainties in the Chinese coal market and a cautious stance among buyers. Consequently, the company adjusted its sales strategy and pricing to maintain sales volume.</p>\n<p>The product mix for Q1 2026 comprised approximately 39% premium semi-soft coking coal, 35% standard semi-soft coking coal, 20% premium thermal coal, and 6% coal by-products. This compares to the Q1 2025 mix of about 6% premium semi-soft coking coal, 56% standard semi-soft coking coal, 31% premium thermal coal, 6% standard thermal coal, and 1% coal by-products.</p>\n<p>The unit cost of sales for products sold in Q1 2026 was $51.5 per tonne, down from $64.9 per tonne in Q1 2025. This reduction was attributed to economies of scale and improved cost control within the coal production process during the period.</p>\n<p>The company reported zero lost-time injuries for both the first quarter of 2026 and the first quarter of 2025.</p>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>SOUTHGOBI Reports First-Quarter Net Loss of $8.036M, Narrowing by 69.33% Year-on-Year</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSOUTHGOBI Reports First-Quarter Net Loss of $8.036M, Narrowing by 69.33% Year-on-Year\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036600163\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock News </p>\n<p class=\"h-time\">2026-05-14 17:46</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>SOUTHGOBI (01878) announced its financial results for the first quarter of 2026. During the period, the group recorded revenue of $169 million, representing a year-on-year increase of 37.84%. The net loss attributable to the company's equity holders was $8.036 million, a decrease of 69.33% compared to the same period last year. Basic and diluted loss per share was $0.027.</p>\n<p>For Q1 2026, the company's average realized selling price was $54.4 per tonne, compared to $59.5 per tonne in Q1 2025. The decline in the average realized price was primarily due to ongoing uncertainties in the Chinese coal market and a cautious stance among buyers. Consequently, the company adjusted its sales strategy and pricing to maintain sales volume.</p>\n<p>The product mix for Q1 2026 comprised approximately 39% premium semi-soft coking coal, 35% standard semi-soft coking coal, 20% premium thermal coal, and 6% coal by-products. This compares to the Q1 2025 mix of about 6% premium semi-soft coking coal, 56% standard semi-soft coking coal, 31% premium thermal coal, 6% standard thermal coal, and 1% coal by-products.</p>\n<p>The unit cost of sales for products sold in Q1 2026 was $51.5 per tonne, down from $64.9 per tonne in Q1 2025. This reduction was attributed to economies of scale and improved cost control within the coal production process during the period.</p>\n<p>The company reported zero lost-time injuries for both the first quarter of 2026 and the first quarter of 2025.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1178","symbol_name":"煤与消费用燃料","start_time":0,"source_url":"","article_id":"1101868572","we_media_id":"1036600163","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101868572","pubTimestamp":1778751999,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Stock News","introduction":"Global Stock News First-Time Broadcast","home_visible":1,"id":"1036600163","head_image":"https://community-static.tradeup.com/news/b3bf6d02ad1a6e9e7377eebbb162346a"},"summary":"SOUTHGOBI (01878) announced its financial results for the first quarter of 2026. During the period, the group recorded revenue of $169 million, representing a year-on-year increase of 37.84%. The net...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK1178":"煤与消费用燃料","01878":"南戈壁","BK1538":"煤炭股"},"translate_title":"南戈壁公布第一季度净亏损803.6万美元，同比收窄69.33%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01878":1},"content_text":"SOUTHGOBI (01878) announced its financial results for the first quarter of 2026. During the period, the group recorded revenue of $169 million, representing a year-on-year increase of 37.84%. The net loss attributable to the company's equity holders was $8.036 million, a decrease of 69.33% compared to the same period last year. Basic and diluted loss per share was $0.027.\nFor Q1 2026, the company's average realized selling price was $54.4 per tonne, compared to $59.5 per tonne in Q1 2025. The decline in the average realized price was primarily due to ongoing uncertainties in the Chinese coal market and a cautious stance among buyers. Consequently, the company adjusted its sales strategy and pricing to maintain sales volume.\nThe product mix for Q1 2026 comprised approximately 39% premium semi-soft coking coal, 35% standard semi-soft coking coal, 20% premium thermal coal, and 6% coal by-products. This compares to the Q1 2025 mix of about 6% premium semi-soft coking coal, 56% standard semi-soft coking coal, 31% premium thermal coal, 6% standard thermal coal, and 1% coal by-products.\nThe unit cost of sales for products sold in Q1 2026 was $51.5 per tonne, down from $64.9 per tonne in Q1 2025. This reduction was attributed to economies of scale and improved cost control within the coal production process during the period.\nThe company reported zero lost-time injuries for both the first quarter of 2026 and the first quarter of 2025.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}