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Shaanxi Coal Industry (601225.SS)*

UBS Rating and Price Target History Chart

Line chart explaining Price target vs Stock Price is described in below table

EQ Rating & Price Target Table

Date	Stock Price (Rmb)	Price Target (Rmb)	Rating
2022-03-30	15.94	16.60	Neutral
2022-09-06	25.02	-	No Rating
2022-10-21	21.62	21.50	Neutral
2023-01-17	19.81	15.50	Sell
2023-09-15	18.25	14.50	Sell
2024-01-17	22.82	22.50	Neutral
2024-05-31	26.03	-	No Rating
2024-07-30	22.93	22.50	Neutral
2024-10-22	25.33	21.00	Sell
2025-02-19	19.83	19.00	Sell
2025-04-22	20.28	18.30	Sell
2025-04-28	19.77	18.50	Sell

Note : Historical Price Targets have been adjusted to account for any stock splits, rights issues and/or dividends which may have occurred for this security. Not Priced: Stock was not priced on the given date. No Rating: Issuer was not rated by UBS on the given day. No Price Target: For this issuer no Price Target was set by UBS on the given day. Issuers with an EQ Rating & Price Target Table are covered by UBS-IB Equity Research Analysts. Issuers without an EQ Rating & Price Target Table are not single stock covered.

* Issuers marked with an asterisk are covered by UBS-IB Equity Research Analysts. Issuers without an asterisk are not single stock covered.