Yongtai Energy disclosed on its investment interaction platform that the construction of its Haizetan project is accelerating as planned. Currently, the central return air shaft and the main shaft have been successfully connected, and corresponding power supply, ventilation, and drainage systems have been established. The first mining face is expected to be put into operation in June next year, with an annual coal production capacity projected to reach 3 million mt. By Q1 2027, the project is expected to undergo joint trial operations and is likely to reach full production in the year it begins operation, with an annual coal production capacity projected to reach 10 million mt. Based on the average coal price in the 2023 market, preliminary estimates indicate that the Haizetan coal mine will achieve annual operating revenue of approximately 9 billion yuan, net profit of about 4.4 billion yuan, and operating net cash flow of around 5.1 billion yuan, with a return on investment exceeding 50%. It is set to become a new key profit source for the company.