Traditional Energy Industry - Inner Mongolia is transforming its coal industry by developing a modern coal chemical industry system, focusing on clean and efficient utilization of coal, which is projected to exceed 100 million tons by 2024 [2] - The coal-to-olefins demonstration project will convert 3 million tons of coal into 1.8 million tons of methanol, generating an annual revenue of approximately 6 billion yuan [2] New Energy Industry - Inner Mongolia has become the first province in China to exceed 100 million kilowatts of installed renewable energy capacity, with a total of 150 million kilowatts, surpassing thermal power capacity [5] - The region has established a complete photovoltaic industry chain, including silicon materials, rods, slices, and modules, significantly reducing production costs and energy consumption [5] - The Tengger Desert's 2 million kilowatt photovoltaic project can meet the electricity needs of 1.3 million households annually [5] Future Energy Industry - The launch of the largest green ammonia project in China marks a significant step towards the commercialization of the green hydrogen and ammonia industry, with an annual production capacity of 320,000 tons [8] - Inner Mongolia is developing a green hydrogen corridor and hydrogen pipeline network, aiming to become a major hub for green hydrogen production and application [9] New Energy Storage - Inner Mongolia is actively developing new energy storage projects, with 34 new projects initiated in the first half of the year, aiming for a total installed capacity of 10.32 million kilowatts by the end of 2024 [10] - New energy storage is seen as a crucial component for stabilizing the power system and supporting the development of a new power system [10] Electricity Market Reform - Inner Mongolia is leading in green electricity trading, with a total of 76.2 billion kilowatt-hours traded in 2024, and is integrating into the national unified electricity market [11] - The region is encouraging long-term power purchase agreements between renewable energy producers and key users to enhance market efficiency [12]

Core Insights - Inner Mongolia is undergoing a significant energy transformation, leveraging its abundant coal, wind, and solar resources to drive a comprehensive energy revolution [2][10]. Traditional Energy Industry - Inner Mongolia is developing a modern coal chemical industry, transforming coal into high-value products like polyethylene and polypropylene, with a projected conversion scale exceeding 100 million tons by 2024 [3][5]. - The coal-to-olefins demonstration facility in Baotou processes 3 million tons of coal annually to produce 600,000 tons of methanol and generates approximately 6 billion yuan in annual revenue [5]. New Energy Industry - Inner Mongolia has become the first region in China to exceed 100 million kilowatts of installed renewable energy capacity, with current installations reaching 150 million kilowatts, surpassing thermal power capacity [11]. - The region is developing a complete photovoltaic industry chain, producing high-purity polysilicon and solar panels, with innovative processes reducing energy consumption and costs [13][16]. Future Energy Industry - The launch of the largest green ammonia project in China marks a significant step in the green hydrogen and ammonia industry, with an annual production capacity of 320,000 tons [19][21]. - Inner Mongolia is planning to establish a green hydrogen corridor and hydrogen pipeline network, aiming to become a national leader in green hydrogen production and applications [21]. New Energy Storage - A series of new energy storage projects are underway, with a target of reaching 10.32 million kilowatts of installed capacity by the end of 2024, and projections of over 16 million kilowatts by 2025 [23]. - The region is actively reforming its electricity market, leading the nation in green electricity trading volumes, with 76.2 billion kilowatt-hours settled in 2024 [24].

Core Viewpoint - The Inner Mongolia Energy Group is actively enhancing fire safety measures during the National Fire Safety Month, focusing on the theme "Fire Safety for All, Life First - Safe Use of Fire and Electricity" to ensure energy supply safety through comprehensive fire safety management [1] Group 1: Fire Safety Initiatives - The Inner Mongolia Energy Group integrates fire safety into the entire production chain, emphasizing prevention and combining fire prevention with firefighting efforts through hazard inspections, training, education, and hardware upgrades [1] - A fire drill at Xilin Hot Power Company simulated a fire in the pulverizing system, demonstrating effective emergency response with the situation resolved in just 8 minutes [1] - Jinshan Hot Power Company is enhancing employee theoretical knowledge and practical skills through specialized training by registered fire engineers, focusing on fire prevention standards and operational guidelines [2] Group 2: Employee Training and Preparedness - Jinshan Hot Power Company provides winter anti-static clothing and equips control rooms with defibrillators, ensuring that employees are well-prepared for emergencies [2] - Employees at Jinshan Hot Power Company participated in practical fire drills, learning to use fire extinguishers effectively under the guidance of fire professionals [2] - The company also distributes fire safety brochures to frontline production teams, ensuring that fire safety knowledge reaches all employees [3] Group 3: Ongoing Safety Checks and Improvements - Longcheng Power Company conducts comprehensive self-inspections across all areas, focusing on the functionality of fire equipment and emergency exits, while distributing over 200 fire safety brochures to enhance awareness [3] - Li Jiata Mining Company has initiated a special fire safety and electrical safety inspection, targeting common hazards such as improper wiring and outdated electrical equipment [4] - The company emphasizes a proactive approach to safety management, transitioning from reactive measures to active hazard identification and resolution [4]

Core Viewpoint - Mongolia Energy (00276.HK) anticipates a significant decline in gross profit for the six months ending September 30, 2025, projecting it to be no more than HKD 85 million compared to HKD 641 million for the same period in 2024, primarily due to weak demand and falling prices for coking coal in China [1] Financial Performance - The company expects gross profit to decrease sharply to not more than HKD 85 million for the six months ending September 30, 2025, down from HKD 641 million in the same period of 2024 [1] - The average selling price of coking coal (excluding sales tax) is projected to decrease by 40% compared to the same period in 2024 [1] - Coking coal sales volume is expected to decline by 15% compared to the same period in 2024 [1]

Core Viewpoint - Mongolian Energy (00276) anticipates a significant decline in gross profit for the six months ending September 30, 2025, projecting it to be no more than HKD 85 million, compared to approximately HKD 641 million for the same period in fiscal year 2024 [1] Group 1: Financial Performance - The gross profit decrease is primarily attributed to weak demand for coking coal in China and a continuous drop in prices during the fiscal period [1] - The average selling price of coking coal (excluding sales tax) and the sales volume of coking coal decreased by 40% and 15%, respectively, compared to the corresponding period in 2024 [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因依賴 該等內容而引致之任何損失承擔任何責任。 MONGOLIA ENERGY CORPORATION LIMITED 蒙古能源有限公司* 本公司仍在落實本集團截至財政期間之業績。本公告所載資料僅為董事會根據本 集團現有資料而作出之初步評估，包括本集團截至二零二五年九月三十日止六個 月之未經審核綜合管理賬目，而彼等未經獨立核數師審核或本公司之審核委員會 審閱，且有可能作出調整或更改。財政期間的最終業績結果仍有待包括釐定可換 股票據衍生工具部分之公平值及估計本集團礦場及相關資產之可收回金額等工 1 作，並緊接著進一步審核工作。焦煤現時售價及其預計增長率為貼現現金流量模 式所用之重要假設以評估本集團礦場及相關資產之可收回金額，而這些假設對本 集團財務表現之影響仍有待最後落實。然而，根據最新資料，就當前焦煤售價， 預料本集團礦場及相關資產之可收回金額將受到負面影響。 相關釐定及審核工作將僅在公佈財政期間業績前方能完成。本集團於財政期間之 財務資料及表現詳情將 ...

Core Viewpoint - Inner Mongolia Energy Group is transforming the region's energy landscape through significant advancements in renewable energy, focusing on achieving carbon neutrality and enhancing energy efficiency [2][10]. Group 1: Renewable Energy Development - Since the "14th Five-Year Plan," Inner Mongolia Energy Group has targeted "dual carbon" goals, achieving a rapid expansion in its renewable energy sector, with a total installed capacity exceeding 34 million kilowatts, contributing to the region's total renewable capacity surpassing 150 million kilowatts [2]. - The installed renewable energy capacity has increased by 1,406% since the beginning of the "14th Five-Year Plan," with 24.19 million kilowatts already operational [2]. - The company has made breakthroughs in energy storage, with a total installed capacity of 170.5 megawatts / 361 megawatt-hours [2]. Group 2: Technological Innovations - In wind energy, the company has pioneered the mass application of 10-megawatt onshore wind turbines, which are the largest in terms of power and rotor diameter in China, incorporating several innovative technologies that enhance efficiency and safety [5]. - In the solar energy sector, the adoption of BC high-efficiency components has led to significant cost reductions and improved power output, with individual component power increased from 620W to 645W/650W [5]. - The company has developed a "smart operation and maintenance + data-driven" management system, achieving full 5G coverage across its renewable energy stations and implementing AI inspection systems for solar panel monitoring [6]. Group 3: Energy Storage and Grid Support - The company is advancing long-duration liquid flow battery technology, achieving a current density of 500 mA/cm² and an electrolyte utilization rate exceeding 75%, with ongoing projects demonstrating 100% localization of key components [9]. - A mixed storage power station combining flywheel, lithium battery, and molten salt technologies is under construction, designed to support scenarios where renewable energy comprises at least 75% of the grid [9]. - Inner Mongolia Energy Group has set multiple industry records, including the largest commercial mixed tower wind turbine and the largest independent energy storage station in the country [9]. Group 4: Practical Demonstration Projects - The company has invested in a 500,000-kilowatt wind-solar experimental project, which serves as a comprehensive renewable energy testing platform, integrating wind, solar, hydrogen, and storage technologies [10]. - This project includes the application of 11-megawatt wind turbines and a multi-storage verification platform with a capacity exceeding 300 megawatt-hours, showcasing various storage technologies [10]. - Looking ahead, Inner Mongolia Energy Group aims to continue driving technological innovation and diversify its energy storage solutions to support the region's energy transition [10].

Core Points - Inner Mongolia Energy Group is actively ensuring stable heating services during the winter season, demonstrating responsibility and commitment to the community [1] - The company has implemented proactive measures to enhance heating service quality, including early heating initiation and thorough equipment maintenance [3][4] Group 1: Heating Service Initiatives - The heating service was started 15 days earlier than usual, allowing residents to enjoy warmth from the first day of the National Day holiday [3] - Maintenance teams conducted deep cleaning and upkeep of 69 heat exchange stations, inspecting 105 valve wells and servicing 210 valves to eliminate safety hazards [3] - The company has upgraded 69 self-managed heat exchange stations with automation, adding 1,000 temperature monitoring points to improve service responsiveness [3] Group 2: Customer Service Enhancements - The company has introduced a "proactive inspection + on-demand service" model to address common heating issues, such as clogged filters, which affect heating efficiency [4] - Technicians are completing over 15 service tasks daily, with an average response time for repairs reduced to under 2 hours [5] - The company has implemented a 24-hour emergency response mechanism to ensure timely resolution of residents' heating needs [5] Group 3: System Upgrades and Safety Measures - The Ustai Thermal Power Plant completed a 90-day maintenance program to address previous season's shortcomings, including pipeline leaks and safety hazards [5] - The plant has upgraded three heat exchange stations with smart technology for real-time monitoring and precise parameter adjustments based on temperature changes [5] - The company has successfully upgraded heating flow meters to enhance measurement accuracy and operational reliability [5]

Core Insights - Inner Mongolia Energy Group is focusing on the transformation of traditional coal power to clean, efficient, and flexible energy solutions through comprehensive upgrades of coal-fired units, significantly improving energy efficiency and overall benefits [1][3] Group 1: Technological Innovations - Xing'an Thermal Power Company has implemented a "micro-project" approach to address transformation challenges, enhancing energy conservation and carbon reduction while ensuring heating supply [1] - The company completed a 12-kilometer pipeline expansion, improving insulation by 30% and optimizing valve control logic, resulting in an average return water temperature reduction of 8°C and saving 37,433 tons of standard coal [1] - The boiler combustion system was optimized, reducing the minimum stable combustion load from 40% to 25%, supporting peak regulation for the power grid [1] Group 2: Investment and Project Development - The Ustai Thermal Power Plant has initiated a large-scale coal power coupling molten salt thermal storage project, with a total investment of approximately 110 million yuan, utilizing 40MW/120MWh molten salt storage technology [2] - The project aims to enhance the peak regulation capability of coal power units, reducing the peak generation difficulty and increasing renewable energy consumption by 40 million kWh annually [2] Group 3: Efficiency Improvements - Changcheng Power Company has invested over 20 million yuan to optimize its power generation units, achieving a 20% deep adjustment capability [3] - The company has implemented various energy-saving measures, such as repairing vacuum leaks and reducing air leakage rates, leading to a decrease in coal consumption [3] - A specialized coal blending team was established to enhance fuel utilization efficiency through intelligent management systems, minimizing losses and blending errors [3]

Group 1 - The coal stocks have collectively retreated after a period of continuous increase, with notable declines in companies such as China Coal Energy, which fell over 4%, and Yanzhou Coal Mining, which dropped 3% [1] - Despite a year-on-year decline in coal prices expected until the third quarter of 2025, there has been a significant quarter-on-quarter recovery in coal prices and improved performance for coal companies in the third quarter [1] - An increasing number of financial institutions, investment funds, and insurance companies are incorporating Environmental, Social, and Governance (ESG) factors into their investment decisions, leading to restrictions or withdrawals from coal-related projects, resulting in higher financing costs for coal companies [1] Group 2 - Short-term factors such as economic recovery, extreme weather, and geopolitical issues may create trading opportunities due to tight coal supply and demand, although high volatility should be noted [1] - The latest price movements of various coal companies indicate a downward trend, with specific declines such as Feishang Non-Ferrous Coal down 8.58% and China Shenhua down 2.76% [1]