证券代码：601088 证券简称：中国神华 公告编号：临 2025-061 中国神华能源股份有限公司 关于举办 2025 年第三季度业绩说明会的公告 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。 重要内容提示： （网址：http://roadshow.sseinfo.com） 中国神华能源股份有限公司（"本公司"）2025 年第三季度报告将于 2025 年 10 月 25 日披露。为便于广大投资者更全面深入地了解公司经营成果与财务状 况，本公司将于 2025 年 10 月 27 日召开"中国神华 2025 年第三季度业绩说明会" （"本次业绩说明会"），就投资者普遍关心的问题进行交流。具体安排如下： 一、业绩说明会类型 本次业绩说明会以网络互动方式召开，本公司将针对 2025 年第三季度业绩与 经营情况与投资者进行交流，在信息披露允许的范围内就投资者普遍关注的问题 进行解答，听取投资者的意见和建议。 1 会议召开时间：2025 年 10 月 27 日（星期一）16:00-17:00 会议召开地点：上海证券 ...

Core Viewpoint - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) experienced a decline of 1.29% in its closing price on October 17, with a trading volume of 53.86 million yuan [1] Group 1: Fund Overview - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF was established on August 20, 2025, with an annual management fee of 0.50% and a custody fee of 0.10% [1] - As of October 16, the fund had a total of 320 million shares and a total size of 324 million yuan [1] - The fund's performance benchmark is the adjusted return of the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index [1] Group 2: Liquidity and Trading Activity - Over the last 20 trading days, the ETF recorded a cumulative trading amount of 1.048 billion yuan, with an average daily trading amount of 52.41 million yuan [1] Group 3: Fund Management - The current fund manager is He Yuxuan, who has managed the fund since its inception, with a return of -0.15% during the management period [1] Group 4: Top Holdings - The ETF's top holdings include: - COSCO Shipping Holdings (0.85% holding, 218,000 shares, market value of 2.9175 million yuan) - Orient Overseas International (0.40% holding, 10,500 shares, market value of 1.3717 million yuan) - China Foreign Transport (0.33% holding, 270,000 shares, market value of 1.1396 million yuan) - China Petroleum (0.32% holding, 162,000 shares, market value of 1.0973 million yuan) - CITIC Bank (0.32% holding, 175,000 shares, market value of 1.1136 million yuan) - CNOOC (0.29% holding, 58,000 shares, market value of 1.0041 million yuan) - China Shenhua Energy (0.29% holding, 30,500 shares, market value of 982,600 yuan) - China Pacific Insurance (0.29% holding, 164,000 shares, market value of 1.0107 million yuan) - China Unicom (0.28% holding, 104,000 shares, market value of 952,800 yuan) - Agricultural Bank of China (0.27% holding, 189,000 shares, market value of 933,900 yuan) [2]

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 2025 年 10 月 18 日在上海證券 交易所網站(www.sse.com.cn)刊登的「關於舉辦 2025 年第三季度業 績說明會的公告」文件，僅供參閱。 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 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 北京，2025 年 10 月 17 日 於本公告日期，董事會成員包括執行董事張長岩先生，非執行董事康 鳳偉先生及李新華先生，獨立非執行董事袁國強博士、陳漢文博士及 王虹先生，職工董事焦蕾女士。 1 证券代码：601088 证券简称：中国神华 公告编号：临 2025-061 中国神华能源股份有限公司 关于举办 2025 年第三季度业绩说明会的公告 中国神华能源股份有限公司董事会及全体 ...

↑点击上面图片 加雪球核心交流群 ↑ 风险提示：本文所提到的观点仅代表个人的意见，所涉及标的不作推荐，据此买卖，风险自负。 作者： KAIZEN投资之道 来源：雪球 当前市场环境下 ， 恒生科技股 （ 如腾讯 、 阿里巴巴 ） 与 " 老登股 " （ 如中国神华 、 美的集团 ） 的分化趋势愈发显著 。 科技股受益于AI 商业化加速 、 估值修复预期及全球流动性宽松 ， 而 " 老登股 " 则依托低估值 、 稳定现金流和防御性特征 ， 在传统行业中维持基本盘 。 从核心竞争力 、 护城河到未来增长逻辑 ， 两者代表了不同经济周期下的投资逻辑 ： 科技股聚焦技术驱动与长期景气度提升 ， 传统股则依赖资 源禀赋与行业稳定性 。 以下将从多维度对比分析其投资价值与后市潜力 。 一 、 恒生科技股 （ 腾讯 、 阿里巴巴 ） 核心竞争力与护城河 ： 1. 腾讯 ： （ 1 ） 社交生态垄断 ： 微信月活超13亿 ， 形成 " 支付-内容-小程序-游戏 " 闭环 ， 叠加视频号广告加载率提升至6% ， 商业化变现能力持 续增强 。 （ 2 ） AI技术落地 ： 混元大模型3.0精度提升3倍 ， 适配国产芯片降低算力成本 ...

Core Insights - The announcement provides operational data for China Shenhua Energy Co., Ltd. for September 2025, highlighting significant changes in various operational metrics [1] Group 1: Operational Performance - The company completed the acquisition of 100% equity in Hanjin Energy, which has been included in the operational metrics since February 2025 [1] - The self-owned railway transportation turnover increased year-on-year due to sufficient coal sources along the railway [1] - The shipping volume at Huanghua Port and Tianjin Coal Terminal increased year-on-year due to higher resource arrivals and a lower base from the previous year [1] - The shipping freight volume and turnover decreased year-on-year due to business structure adjustments and changes in shipping routes [1] - Total power generation and total electricity sales decreased year-on-year, primarily due to insufficient electricity demand in some regions affected by weather and increased output from renewable energy sources [1] Group 2: Product Sales - From January to September 2025, sales volumes of polyethylene and polypropylene increased year-on-year, attributed to lower production levels in the previous year due to scheduled maintenance of coal-to-olefin production equipment [1]

Group 1 - The core point of the article is that China Shenhua announced its coal production and sales figures for September 2025, reporting a production of 27.6 million tons and sales of 36.3 million tons [2] Group 2 - The company is expected to maintain a strong position in the coal market with significant production and sales figures [2] - The announcement reflects the company's ongoing operational performance and strategic focus on coal production [2] - The figures indicate a robust demand for coal, which may influence market dynamics and pricing in the industry [2]

(在中华人民共和国注册成立的股份有限公司) 2025 年第二次临时股东会 会议资料 二〇二五年十月 目 录 | | 一、会议通知………………………………………………………………………………1 | | --- | --- | | 二、2025 | 年第二次临时股东会会议议程…………………………………… 9 | | 三、2025 | 年第二次临时股东会议案 | | 议案一 | 关于中国神华能源股份有限公司 年中期利润 2025 | | | 分配的议案…………….……………………………………………10 | | 议案二 | 关于授予董事会发行股份一般性授权的议案……12 | 证券代码：601088 证券简称：中国神华 公告编号：临2025-058 中国神华能源股份有限公司 关于召开2025年第二次临时股东会的通知 本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。 重要内容提示： 一、 召开会议的基本情况 至2025 年 10 月 24 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为 股东会召开当日的交易时间段，即 ...

中国神华10月16日公告，2025年9月煤炭销售量3630万吨，同比下降1.6%。2025年1-9月，公司累计煤炭 销售量3.165亿吨，同比下降8.4%。 ...

证券代码：601088 证券简称：中国神华 公告编号：临 2025-060 中国神华能源股份有限公司 2025 年 9 月份主要运营数据公告 中国神华能源股份有限公司（"本公司"）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。 以上主要运营数据来自本公司内部统计。运营数据在月度之间可能存在较大 差异，其影响因素包括但不限于天气变化、设备检修、季节性因素和安全检查等。 1 运营数据可能与相关期间定期报告披露的数据有差异。投资者应注意不恰当信赖 或使用以上信息可能造成投资风险。 承中国神华能源股份有限公司董事会命 总会计师、董事会秘书 宋静刚 2025 年 10 月 17 日 2 | 运营指标 | 单位 | 2025 | 年 | 2024 | 年 | 同比变化 | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | （重述后） | | （%） | | | | | 月 9 | 累计 | 月 9 | 累计 | 月 9 | 累计 | | （一）煤炭 | | | | | ...

Core Insights - China Shenhua (01088) reported a slight increase in commodity coal production for September 2025, with a total of 27.6 million tons, reflecting a year-on-year growth of 0.7% [1] - The company experienced a decrease in coal sales volume, which totaled 36.3 million tons, down 1.6% year-on-year [1] Production and Sales Performance - For the period of January to August 2025, commodity coal production reached 251 million tons, showing a year-on-year decline of 0.4% [1] - Coal sales volume during the same period was 317 million tons, representing a significant decrease of 8.4% year-on-year [1] Transportation and Shipping - In September 2025, the self-owned railway transportation turnover was 27 billion ton-kilometers, marking a year-on-year increase of 13.4% [1] - Shipping cargo volume was recorded at 9.6 million tons, which is a decrease of 15.8% year-on-year [1] Power Generation and Chemical Sales - Total power generation for September 2025 was 18.75 billion kilowatt-hours, down 16.3% year-on-year [1] - Polyethylene sales reached 30,300 tons, reflecting a year-on-year growth of 0.7%, while polypropylene sales were 29,400 tons, up 1.7% year-on-year [1] Factors Influencing Performance - The increase in railway transportation turnover was primarily due to sufficient coal sources along the self-owned railway [1] - The growth in shipping volumes at Huanghua Port and Tianjin coal terminal was attributed to increased resource availability and a low base from the previous year [1] - The decline in shipping cargo volume and turnover was linked to business structure adjustments and changes in shipping routes [1] - The decrease in total power generation and sales was influenced by insufficient electricity demand in certain regions due to weather conditions and increased output from renewable energy sources [1] - The growth in polyethylene and polypropylene sales was mainly due to a low base effect from planned maintenance of coal-to-olefins production equipment in the previous year [1]