Driving Factors and Prospects Analysis of Yongtai Energy (600157) Becoming a Hot Stock

Yongtai Energy (600157) has recently become a market hot stock. Its share price hit the daily limit to 1.79 yuan on November 14, 2025, with a turnover of 4.387 billion yuan and a total market value of 39.054 billion yuan [0]. The company’s main businesses cover power, coal, petrochemical trading and related fields [0]. Although the revenue in the first three quarters of 2025 decreased by 20.77% year-on-year to 17.728 billion yuan, and the net profit attributable to parent company dropped sharply by 86.48% year-on-year to 198 million yuan [0], multiple business progress has driven up market attention:

1. Power Business
   : The power generation in Q3 2025 hit a record high for a single quarter, becoming the core growth engine [0];
2. Coal Business
   : The construction of Haizetan Coal Mine has been fully accelerated, which is expected to contribute to future performance as an important incremental project [0];
3. Energy Storage Layout
   : The trial production, pilot test and mass production of cathode solid volume expansion materials are progressing in an orderly manner [0];
4. Resource Development
   : Breakthroughs have been made in coal-underlying aluminum resource development, with three mines selected as pilots and geological exploration completed [0];
5. Industry Environment
   : The new upward cycle of the coal industry has been confirmed, and the profit improvement of thermal coal is faster than that of coking coal [0];
6. Capital Inflow
   : Institutional funds have flowed in significantly. On November 13, the financing purchase amount was 204 million yuan, and the financing balance reached 1.27 billion yuan [0];
7. Policy Support
   : The national new energy consumption policy provides guarantee for the development of energy storage [6].

The cross-business synergy effect is the core logic behind Yongtai Energy’s attention: the stable cash flow from the power business supports the investment in long-term projects such as coal and energy storage, while the recovery of coal industry prosperity resonates with the favorable policies for energy storage [0]. In addition, the breakthrough in the coal-underlying aluminum resource development pilot opens up new growth space, and the continuous inflow of institutional funds reflects the market’s recognition of the company’s long-term value [0].

• Short-term performance pressure: The net profit in the first three quarters dropped sharply; attention should be paid to the progress of subsequent performance improvement [0];
• Project implementation risk: There is a possibility that the construction of Haizetan Coal Mine and the mass production of energy storage may not meet expectations [0];
• Industry fluctuation risk: Coal prices are greatly affected by macroeconomics and policy regulation [0].

• Energy storage business volume: Mass production of cathode solid volume expansion materials is expected to contribute new profit growth points [0];
• Coal production capacity release: After the Haizetan Coal Mine is put into operation, it will significantly increase the scale of the coal business [0];
• Resource value revaluation: If the coal-underlying aluminum resource development pilot is successful, the company’s valuation is expected to be revalued [0].

Yongtai Energy’s recent rise as a hot stock is the result of the combined effect of short-term stock price performance and long-term business layout. Although short-term performance is under pressure, the progress of multiple business lines such as power, coal, energy storage, and coal-underlying aluminum has laid the foundation for future growth. Investors should pay attention to project implementation progress, performance improvement, and industry policy changes to comprehensively evaluate the company’s investment value [0].