Core Viewpoint - China Shenhua (601088) reported its operational data for September, indicating mixed performance in coal production and sales [1] Group 1: Production Data - In September, the company's coal production reached 27.6 million tons, reflecting a year-on-year increase of 0.7% [1] - Cumulative coal production for the first nine months totaled 250.9 million tons, showing a slight decline of 0.4% compared to the previous year [1] Group 2: Sales Data - Coal sales in September amounted to 36.3 million tons, with a year-on-year decrease of 1.6% [1] - Total coal sales for the first nine months were 316.5 million tons, representing a decline of 8.4% year-on-year [1]

Core Insights - The total power generation for China Shenhua in September 2025 was 18.75 billion kWh, with a cumulative total of 162.87 billion kWh, representing a year-on-year decline of 16.3% [1] - The total electricity sales in September were 17.63 billion kWh, with a cumulative total of 153.09 billion kWh, showing a year-on-year decrease of 16.6% [1] Coal Production and Sales - In September, the commodity coal production was 27.6 million tons, with a cumulative total of 251 million tons, reflecting a year-on-year increase of 0.7% [1] - The coal sales volume for September was 36.3 million tons, with a cumulative total of 317 million tons, indicating a year-on-year decline of 1.6% [1] Transportation Metrics - The self-owned railway transportation turnover was 2.7 billion ton-km, with a cumulative total of 23.41 billion ton-km, marking a year-on-year increase of 13.4% [1] - The shipping volume at Huanghua Port was 18.4 million tons, with a cumulative total of 16.5 million tons, showing a year-on-year increase of 13.6% [1] - The shipping volume at Tianjin coal terminal was 3.8 million tons, with a cumulative total of 33.6 million tons, reflecting a year-on-year increase of 15.2% [1] - The shipping freight volume was 9.6 million tons, with a cumulative total of 79.9 million tons, indicating a year-on-year decline of 15.8% [1] - The shipping turnover was 0.95 billion ton-nautical miles, with a cumulative total of 8.24 billion ton-nautical miles, showing a year-on-year decline of 31.2% [1] Coal Chemical Products - The sales volume of polyethylene was 30.3 thousand tons, with a cumulative total of 278.7 thousand tons, reflecting a year-on-year increase of 0.7% [1] - The sales volume of polypropylene was 29.4 thousand tons, with a cumulative total of 254.7 thousand tons, indicating a year-on-year increase of 1.7% [1]

2025 年 9 月，本公司自有鐵路運輸周轉量同比增長的主要原因，是自有鐵路沿 線煤源充足帶來鐵路運量增加；黃驊港裝船量、天津煤碼頭裝船量同比增長的主要原 因，是到港資源量增加及上年同期基數較低；航運貨運量及周轉量同比下降的主要原 因，是業務結構調整、航線結構變化；總發電量、總售電量同比下降的主要原因，是 受天氣影響部分區域用電需求不足、新能源出力增加等。 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) 2025 年 9 月份主要運營數據公告 (海外監管公告) 中國神華能源股份有限公司（「本公司」）董事會及全體董事保證本公告內容不 存在任何虛假記載、誤導性陳述或者重大遺漏，並對其內容的真實性、準確性和完整 性承擔法律責任。 | | | 2025 | 年 | 2024 | 年 | 同比变化 | | | --- | --- | --- | --- | --- | --- | --- | ...

Summary of Key Points Core Viewpoint - As of October 16, a total of 69 stocks reached their 52-week highs, indicating a positive trend in the market, with notable performances from companies like Jinglian Group, Century United Holdings, and Huisi Pacific. Group 1: Stocks Reaching 52-Week Highs - Jinglian Group (01751) achieved a closing price of 0.890 with a peak of 1.130, marking a high increase rate of 34.52% [1] - Century United Holdings (01959) closed at 0.750, reaching a high of 0.900, with a growth rate of 20.00% [1] - Huisi Pacific (08147) had a closing price of 0.970 and a peak of 0.980, reflecting a 13.95% increase [1] - Other notable stocks include Xiangxing International (01732) with a 13.46% increase and Puleshi Group Holdings (02486) with a 12.06% increase [1] Group 2: Stocks Reaching 52-Week Lows - Jixin Guokong (08629) saw a significant decline, closing at 6.450 with a low of 5.150, resulting in a drop of 35.63% [2] - Qizhan Holdings (01808) closed at 2.990, hitting a low of 2.400, reflecting a decrease of 16.67% [2] - Kun Group (00924) reached a low of 0.184, closing at 0.185, with a decline of 16.36% [2] - Other companies experiencing declines include Hongyang Services (01971) with a 9.82% drop and Xuan Bamboo Biotechnology (02575) with a 9.43% decrease [2]

Core Viewpoint - The coal sector continues to experience an upward trend, driven by supply-side tightening and improving coal price sentiment, with expectations for better demand and pricing in the coming years [1] Group 1: Stock Performance - China Coal Energy (601898) increased by 6.39%, trading at HKD 10.99 - Yanzhou Coal Mining (600188) rose by 3.28%, trading at HKD 11.34 - China Shenhua Energy (601088) saw a 2.36% increase, trading at HKD 40.76 - Yancoal Australia (03668) gained 1.27%, trading at HKD 28.74 [1] Group 2: Industry Analysis - According to Founder Securities, the introduction of production exceeding documents has significantly impacted coal price sentiment, indicating a shift from oversupply to a more balanced supply-demand scenario [1] - The coal demand is expected to rise due to high consumption levels during the summer of 2025, leading to an improved coal supply-demand structure [1] - The gradual implementation of "anti-involution" policies may also restrict imported coal in the future [1] Group 3: Profit Outlook - Guosen Securities noted that while coal prices have been declining and profits for coal companies have been poor in early 2024, a rebound in coal prices is anticipated in the second half of 2025, which could improve profitability for coal enterprises [1] - The fourth quarter is expected to show upward price elasticity for coal, with the coal sector's performance lagging behind other sectors but showing clear bottoming signals [1]

每经AI快讯，煤炭股延续近期上涨，截至发稿，中煤能源(01898.HK)涨6.39%，报10.99港元；兖矿能源 (01171.HK)涨3.28%，报11.34港元；中国神华(01088.HK)涨2.36%，报40.76港元；兖煤澳大利亚 (03668.HK)涨1.27%，报28.74港元。 ...

Core Viewpoint - The Hong Kong coal sector has seen a collective rise in stock prices, driven by increased demand for thermal coal due to a significant drop in temperatures in northern regions, indicating a boost in downstream coal inventory replenishment needs [1] Group 1: Market Performance - China Coal Energy (中煤能源) rose over 6% to a price of 10.980 [1] - China Qinfa (中国秦发) increased nearly 5% to a price of 3.130 [1] - Yanzhou Coal Mining (兖矿能源) saw a rise of over 3% to a price of 11.350 [1] - China Shenhua (中国神华) increased by over 2% to a price of 40.700 [1] - Other companies like Power Development (力量发展) and Yancoal Australia (兖煤澳大利亚) also experienced gains, with increases of over 1% [1] Group 2: Industry Insights - The National Bureau of Statistics reported that the cumulative national raw coal production from January to August 2025 reached 3.165 billion tons, reflecting a year-on-year increase of 2.8% [1] - Due to stricter safety regulations and capacity checks, it is expected that coal production will not see a large-scale release in the fourth quarter [1] - Prices for thermal coal and coking coal have rebounded quarter-on-quarter in Q3 2025, indicating a positive outlook for coal companies' performance in the fourth quarter [1]

截至6月30日，中国神华股东户数16.13万，较上期减少16.75%；人均流通股103331股，较上期增加 20.32%。2025年1月-6月，中国神华实现营业收入1381.09亿元，同比减少17.83%；归母净利润246.41亿 元，同比减少16.48%。 分红方面，中国神华A股上市后累计派现4609.99亿元。近三年，累计派现1404.70亿元。 中国神华今年以来股价涨1.12%，近5个交易日涨5.68%，近20日涨9.20%，近60日涨6.11%。 资料显示，中国神华能源股份有限公司位于北京市东城区安定门西滨河路22号,香港中环花园道1号中银 大厦60楼B室，成立日期2004年11月8日，上市日期2007年10月9日，公司主营业务涉及煤炭和电力的生 产与销售、铁路和港口运输,航运业务,煤制烯烃业务。主营业务收入构成为：煤炭75.23%，发电 29.35%，铁路15.52%，港口2.51%，煤化工2.11%，航运1.19%，未分配项目0.31%。 中国神华所属申万行业为：煤炭-煤炭开采-动力煤。所属概念板块包括：动力煤、H股、茅概念、煤化 工、MSCI中国等。 10月16日，中国神华盘中上涨2.01%，截 ...

最新定期报告显示，港股通央企红利ETF天弘（159281）重仓股包括中远海控、东方海外国际、中国外 运、中国石油股份、中信银行、中国海洋石油、中国神华、中国人民保险集团、中国联通、农业银行， 持仓占比如下。 股票代码股票名称持仓占比持仓股数（股）持仓市值（元）01919中远海控0.85%21.80万291.75万00316 东方海外国际0.40%1.05万137.17万00598中国外运0.33%27.00万113.96万00857中国石油股份0.32%16.20 万109.73万00998中信银行0.32%17.50万111.36万00883中国海洋石油0.29%5.80万100.41万01088中国神华 0.29%3.05万98.26万01339中国人民保险集团0.29%16.40万101.07万00762中国联通0.28%10.40万95.28万 01288农业银行0.27%18.90万93.39万 规模方面，截止10月14日，港股通央企红利ETF天弘（159281）最新份额为3.36亿份，最新规模为3.31 亿元。 流动性方面，截止10月15日，港股通央企红利ETF天弘（159281）近20个交易日累 ...

Core Viewpoint - China Shenhua's stock has seen a continuous increase over six days, with a cumulative rise of 6.54%, reflecting positive market sentiment and performance [1]. Group 1: Company Overview - China Shenhua Energy Co., Ltd. was established on November 8, 2004, and listed on October 9, 2007. The company is primarily engaged in coal and electricity production and sales, as well as railway and port transportation, shipping, and coal-to-olefins business [1]. - The revenue composition of China Shenhua is as follows: coal accounts for 75.23%, electricity generation 29.35%, railway 15.52%, port 2.51%, coal chemical 2.11%, shipping 1.19%, and undistributed projects 0.31% [1]. Group 2: Shareholder Insights - Huatai-PB Fund's Huatai-PB CSI 300 ETF (510300) increased its holdings in China Shenhua by 4.6696 million shares in Q2, now holding 58.5992 million shares, which is 0.29% of the circulating shares. The estimated floating profit today is approximately 12.3058 million yuan, with a total floating profit of 14.7 million yuan during the six-day rise [2]. - The Huatai-PB CSI 300 ETF was established on May 4, 2012, with a current scale of 374.704 billion yuan. Year-to-date returns are 17.92%, ranking 2775 out of 4220 in its category, while the one-year return is 17.36%, ranking 2491 out of 3857 [2]. Group 3: Fund Manager Performance - The fund manager of Huatai-PB CSI 300 ETF is Liu Jun, who has a cumulative tenure of 16 years and 138 days. The total asset scale of the fund is 466.972 billion yuan, with the best fund return during his tenure being 137.92% and the worst being -45.64% [3]. Group 4: Fund Holdings - The Central Enterprise Dividend Fund (561580) reduced its holdings in China Shenhua by 5.88 million shares in Q2, now holding 397,800 shares, which constitutes 3.1% of the fund's net value. The estimated floating profit today is about 83,500 yuan, with a total floating profit of 999,500 yuan during the six-day rise [4]. - The Central Enterprise Dividend Fund was established on May 18, 2023, with a current scale of 520 million yuan. Year-to-date returns are 7.96%, ranking 3683 out of 4220, while the one-year return is 10.53%, ranking 3139 out of 3857 [4].