By July 16, a total of 12 listed companies within the thermal power sector of the A-share market had disclosed their financial forecasts for the first half of 2025. Notably, 8 of these companies anticipate a year-over-year increase in net profit, while 3 companies expect to transform losses into profits. Several companies emphasized that the primary driver behind this uptick in profitability during the first half of the year was the decline in steam coal prices.