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]

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。 蒙古能源有限公司（「本公司」）董事會（「董事會」）謹此公佈，本公司訂於二零二五年 十一月二十六日（星期三）召開董事會會議，旨在（當中包括）批准本公司及其附屬公 司截至二零二五年九月三十日止六個月的中期業績及其發佈，以及處理任何其他事務 （如有）。 承董事會命 蒙古能源有限公司 公司秘書 鄧志基 香港，二零二五年十一月十日 於本公告發表日期，董事會成員由九名董事組成：包括執行董事魯連城先生、翁綺慧女士、魯 士奇先生、魯士偉先生及魯士中先生；非執行董事杜顯俊先生；以及獨立非執行董事徐慶全先 生太平紳士 、劉偉彪先生及李企偉先生。 * 僅供識別 MONGOLIA ENERGY CORPORATION LIMITED 蒙古能源有限公司* （於百慕達註冊成立之有限公司） （股份代號：276） 董事會會議召開日期 ...

Core Insights - Inner Mongolia's energy industry investment increased by 19.4% year-on-year in the first three quarters, accounting for 33.5% of the region's fixed asset investment, becoming a significant driver of investment growth [1] Group 1: Traditional Energy - The production of coal remained stable, with a total raw coal output of 940 million tons from large-scale industrial enterprises [1] - Crude oil production reached 2.5 million tons, reflecting a year-on-year increase of 4.2%, while natural gas production was 23.94 billion cubic meters, representing 12.3% of the national total [1] - Coal-to-gas production increased by 26%, reaching 3.4 billion cubic meters [1] - Key coal power projects, such as the Mengneng Jinshan Phase III (2×1 million kW) and Huineng Changtan Phase II (2×660,000 kW), are progressing rapidly, with total installed power capacity reaching 28.226 million kW by the end of September [1] Group 2: Renewable Energy - Inner Mongolia is accelerating the construction of renewable energy projects, focusing on the progress of ongoing projects and ensuring timely completion of investment and grid connection targets [1] - The installed capacity of renewable energy increased by 12.84 million kW in the first three quarters, with a total renewable energy installed capacity of 147.59 million kW by the end of September, marking a year-on-year growth of 36.9% [1] - Renewable energy now accounts for 52.3% of the total installed power capacity, an increase of 6.4 percentage points year-on-year [1]

Core Insights - Inner Mongolia Energy Group successfully issued its first green medium-term note for 2025, amounting to 300 million yuan with a coupon rate of 2.92%, marking the first "10+N" year perpetual bond in the region, which highlights the capital market's recognition of the company's credit quality and green development prospects [1][2] Group 1 - The issuance fills a gap in long-term innovative equity financing tools in the region, showcasing the company's strong creditworthiness and operational capabilities [1] - The funds raised will be specifically allocated to renewable energy project capital, aligning with national "dual carbon" goals and rural revitalization strategies, while supporting the core tasks of energy base construction and urban-rural coordinated development [1] - The long-term structure of the bond optimizes the company's debt profile and provides stable funding for renewable energy project construction and long-term strategic investments [1] Group 2 - As a leader in the energy sector of Inner Mongolia, the company actively guides social capital towards green development, fulfilling its mission and social responsibility [2] - The company adheres to the philosophy of "green development, empowering the future," aiming to broaden financing channels and enhance financial stability while promoting energy transition and upgrading [2] - The company is committed to ensuring energy security and contributing to national strategies and high-quality development in the region [2]

Core Insights - Inner Mongolia Energy Group has completed the intelligent fuel management project across all nine thermal power units, becoming the first energy company in Inner Mongolia to achieve full coverage of intelligent fuel management [1][2] - Fuel costs account for over 70% of the operating costs in thermal power plants, making fuel management a critical aspect of their operations [1] Group 1 - The intelligent fuel management system replaces manual processes with automated solutions, including automatic weighing, sampling, and testing, which enhances data accuracy and reduces labor costs [2] - Since the implementation of the project, the nine thermal power units have collectively saved approximately 4 million yuan per year in labor costs [2] - The company plans to further optimize the intelligent fuel management system by integrating it with other business modules such as production, marketing, and finance [2] Group 2 - The project was initiated in 2020 with a five-year plan to complete the intelligent management of fuel across all thermal units, starting with the Ustai Thermal Power Plant as a pilot [1] - Technologies such as automatic vehicle identification, integrated sampling, intelligent closed transmission, and on-site video monitoring have been utilized to create a centralized control system for fuel management [1]