Abstract: The coal industry prosperity index can accurately reflect the economic situation of coal industry, which is of great significance for formulating policies related to the domestic coal market and ensuring the national energy security. A systematic study was conducted on the economic situation of China’s coal industry in 2025 using the independently developed China Coal Industry Prosperity Index model. The results showed that against the backdrop of intensifying global economic uncertainty and the accelerated domestic transition to green and low-carbon development, the coal industry underwent significant adjustments in 2025. The Zhongkuang (Beijing) Coal Industry Prosperity Index exhibited a fluctuating trend throughout the year, characterized by “decline-slight decline-slight recovery-continued recovery” and rose to 101.91 by the end of the year, reflecting an overall modest increase. The report further analyzed the operational conditions of the coal industry in 2025 based on various indicators from the supply side, demand side and other aspects. Looking ahead to 2026, the coal industry is expected to continue facing pressures such as the deepening substitution by new energy sources and sluggish growth in downstream demand; the overall supply-demand balance is projected to remain loose, with the prosperity index forecast to experience mild fluctuations. In response, the report proposes measures to steadily advance the coal industry toward a high-quality development stage that is safe, efficient, green and intelligent, and these measures include optimizing production layouts, building a resilient supply system, deepening the integration of coal and new energy, and seizing the opportunities presented by “AI+”.