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份內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 ( 在中華人民共和國註冊成立的股份有限公司 ) (股份代碼:01088) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而 做出。 茲載列中國神華能源股份有限公司於 2026 年 3 月 11 日在上海證券交 易所網站(www.sse.com.cn)刊登的「中國神華能源股份有限公司募集 資金管理辦法」文件，僅供參閱。 承董事會命 中國神華能源股份有限公司 總會計師、董事會秘書 宋靜剛 中国神华能源股份有限公司 募集资金管理办法 第一章 总则 第一条 为加强对中国神华能源股份有限公司（以下简称公司） 募集资金行为的管理，规范募集资金的使用，切实保护广大投资者 的利益，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司证券发行注册管理办法》《上市公司募集资金监管规则》 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律 监管指引第 1 号——规范运作》 ...

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份內容而產生或因倚賴該等內容而引 致之任何損失承擔任何責任。 ( 在中華人民共和國註冊成立的股份有限公司 ) (股份代碼:01088) 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而 做出。 茲載列中國神華能源股份有限公司於 2026 年 3 月 11 日在上海證券交 易所網站(www.sse.com.cn)刊登的「關於第六屆董事會第十六次會議 決議的公告」文件，僅供參閱。 证券代码：601088 证券简称：中国神华 公告编号：临 2026-015 中国神华能源股份有限公司 关于第六届董事会第十六次会议决议的公告 中国神华能源股份有限公司董事会及全体董事保证本公告内容不存在任何 虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 中国神华能源股份有限公司（"公司"）第六届董事会第十六次会议于 2026 年 3 月 2 日以电子邮件或无纸化办公系统方式向全体董事发送了会议通知，于 2026 年 3 ...

中国神华能源股份有限公司 募集资金管理办法 第一章 总则 第一条 为加强对中国神华能源股份有限公司（以下简称公司） 募集资金行为的管理，规范募集资金的使用，切实保护广大投资者 的利益，根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司证券发行注册管理办法》《上市公司募集资金监管规则》 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律 监管指引第 1 号——规范运作》《香港联合交易所有限公司证券上 市规则》等相关法律法规，以及《中国神华能源股份有限公司章程》 等有关规定制定本办法。 第二条 本办法所称募集资金，包括公司通过发行股票或者其 他具有股权性质的证券向投资者募集并用于特定用途的资金，但不 包括公司为实施股权激励计划募集的资金。 第三条 公司对募集资金的管理遵循专户存放、规范使用、如 实披露、严格管理的原则。 第四条 本办法适用于中国神华本部、各子分公司及所属各单 位。 第二章 组织与职责 第五条 公司董事会负责建立募集资金存放、管理、使用、改 变用途、监督和责任追究的内部控制制度，明确募集资金使用的分 1 级审批权限、决策程序、风险控制措施及信息披露要求，并持续关 注募集资金存放 ...

证券代码：601088 证券简称：中国神华 公告编号：临 2026-015 中国神华能源股份有限公司 关于第六届董事会第十六次会议决议的公告 中国神华能源股份有限公司董事会及全体董事保证本公告内容不存在任何 虚假记载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 中国神华能源股份有限公司（"公司"）第六届董事会第十六次会议于 2026 年 3 月 2 日以电子邮件或无纸化办公系统方式向全体董事发送了会议通知，于 2026 年 3 月 4 日发送了议程、议案等会议材料，并于 2026 年 3 月 10 日在北京 市东城区安定门西滨河路 22 号神华大厦以现场结合通讯方式召开。会议应出席 董事 7 人，亲自出席董事 6 人，委托出席董事 1 人。独立非执行董事袁国强、陈 汉文以视频接入方式参会。非执行董事李新华因公请假，委托非执行董事康凤伟 代为出席会议并投票。执行董事张长岩召集并主持会议。董事会秘书宋静刚参加 会议，高级管理人员列席会议。会议的召开符合《中华人民共和国公司法》及相 关法律法规、上市地上市规则和《中国神华能源股份有限公司章程》的规定。 本次会议审议并通过以下议案： （ ...

Accessible version Coal - China (H/A) O&G disruption → higher coal/ security demand & prices; U/G Shenhua/ Yankuang Rating Change Energy security: coal upside as LNG shocks We turned neutral on coal from bearish at the beginning of 2026 given the government's control in supply and prices have largely offset the demand weakness. Yet supply risks intensified amid escalating tensions in the past few weeks given: 1) the temporary suspension of the Strait of Hormuz has disrupted 21mbd of crude oil; 2) on 2 March ...

Core Viewpoint - The Energy ETF Guangfa (159945) experienced a significant decline of 6.91% at the opening on March 10, 2023, trading at 1.428 yuan [1] Group 1: ETF Performance - The Energy ETF Guangfa (159945) has a performance benchmark of the CSI All Share Energy Index [1] - Since its establishment on June 25, 2015, the fund has achieved a return of 53.08% [1] - The fund's return over the past month is reported at 17.00% [1] Group 2: Major Holdings Performance - Major holdings in the Energy ETF include: - China Shenhua down 4.09% [1] - China Petroleum down 5.73% [1] - China Petrochemical down 7.14% [1] - Shaanxi Coal and Chemical Industry down 4.37% [1] - China National Offshore Oil Corporation down 9.99% [1] - Jereh Group up 0.03% [1] - Yanzhou Coal Mining down 5.42% [1] - China Coal Energy down 9.67% [1] - Guanghui Energy down 8.89% [1] - Shanxi Coking Coal down 3.67% [1]

Group 1 - The main stocks with significant capital inflow include BYD (9.08 billion), Sungrow Power (6.85 billion), and YunSai ZhiLian (6.18 billion) [1] - The top performing stocks by percentage increase are Baofeng Energy (9.99%), YK Technology-W (19.99%), and YunSai ZhiLian (9.98%) [2][3] - The sectors represented in the top inflow stocks include automotive, power equipment, computer, and coal [2][3] Group 2 - BYD leads with a capital inflow of 9.08 billion and a price increase of 2.89% [2] - Sungrow Power has a capital inflow of 6.85 billion with a price increase of 2.56% [2] - The total capital inflow for the top 20 stocks reflects strong investor interest across various sectors [1]

Core Viewpoint - China Shenhua's stock price has shown significant growth in recent trading sessions, with a year-to-date increase of 19.85% and a recent 5-day increase of 8.52% [1] Group 1: Stock Performance - As of March 9, China Shenhua's stock price reached 48.54 CNY per share, with a trading volume of 6.34 billion CNY and a market capitalization of 964.418 billion CNY [1] - The company experienced a net inflow of 1.10 billion CNY from main funds, with large orders accounting for 28.40% of purchases [1] - Over the past 60 days, the stock price has increased by 16.57% [1] Group 2: Financial Performance - For the period from January to September 2025, China Shenhua reported operating revenue of 213.151 billion CNY, a year-on-year decrease of 16.05% [2] - The net profit attributable to shareholders for the same period was 39.052 billion CNY, down 15.24% year-on-year [2] Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders increased by 29.69% to 209,200, while the average number of circulating shares per person decreased by 23.09% to 79,468 shares [2] - The company has distributed a total of 480.47 billion CNY in dividends since its A-share listing, with 159.942 billion CNY distributed in the last three years [3] - Major shareholders include China Securities Finance Corporation and Hong Kong Central Clearing Limited, with the latter reducing its holdings by 67.331 million shares [3]

Investment Rating - The report maintains an "Overweight" rating for the coal mining industry [3] Core Insights - The surge in global oil and gas prices is driving demand for coal, with international coal prices reaching their highest levels in over two years due to geopolitical tensions in the Middle East [2] - The report highlights that the transition to coal for power generation is becoming more pronounced in regions like Japan, South Korea, and the EU, as they seek to secure energy supplies amid rising natural gas prices [5] - The tightening supply from major coal-exporting countries, particularly Indonesia, is expected to further support international coal prices [5] Summary by Sections Oil Prices - Brent crude oil futures settled at $92.69 per barrel, up $20.21 per barrel (+27.88%) from the previous week [1] - WTI crude oil futures settled at $90.90 per barrel, up $23.88 per barrel (+35.63%) from the previous week [1] Natural Gas Prices - The Northeast Asia LNG spot price reached $21.18 per million British thermal units, up $10.51 (+98.42%) from the previous week [1] - The Dutch TTF natural gas futures price was €52.23 per megawatt-hour, up €20.63 (+65.27%) from the previous week [1] Coal Prices - Newcastle port coal (6000K) FOB price was $137 per ton, up $18.5 (+15.61%) from the previous week [1] - The IPE South African Richards Bay coal futures price was $113 per ton, up $14.1 (+14.26%) from the previous week [1] - European ARA port coal (6000K) CIF price was $102.55 per ton, down $4.45 (-4.16%) from the previous week [1] Investment Recommendations - The report recommends focusing on companies such as China Coal Energy, Yanzhou Coal Mining, China Shenhua Energy, and Shaanxi Coal and Chemical Industry, which are expected to perform well [5] - It also highlights companies involved in smart mining and those undergoing turnaround situations, such as China Qinfa and Jiangxi Tungsten [5]

Investment Rating - The industry rating is "Positive" [1] Core Views - The coal sector has shown strong performance, with a 3.5% increase in the CITIC coal industry index, outperforming the CSI 300 index by 4.57 percentage points [2] - The widening oil-coal price gap indicates strong potential for coal chemical alternatives to oil, leading to increased operating rates and investment in coal chemical industries [6] - Current coal prices are expected to rise due to the influence of oil prices, despite a slight decline in coal prices during the off-season [6] Summary by Sections Coal Market Performance - As of March 6, 2026, the average daily coal sales of monitored enterprises reached 7.27 million tons, a week-on-week increase of 12.6% and a year-on-year increase of 11.2% [2] - The average daily coal production was 7.39 million tons, with a week-on-week increase of 10.5% and a year-on-year increase of 9.3% [2] - Total coal inventory was 24.54 million tons, a week-on-week increase of 3.5% but a year-on-year decrease of 33.2% [2] Price Trends - The price of thermal coal (Q5500K) in the Bohai Rim was 689 CNY/ton, up 0.58% week-on-week [3] - The price of coking coal at Jing Tang Port was 1610 CNY/ton, down 5.3% week-on-week [4] - The price of methanol in East China rose to 2502.5 CNY/ton, an increase of 333.64 CNY/ton week-on-week [5] Investment Recommendations - The report suggests focusing on high-dividend thermal coal companies, coal chemical companies, and flexible coking coal companies [6] - Specific companies to watch include China Shenhua, Shaanxi Coal and Chemical Industry, and Yanzhou Coal Mining Company among others [6]