Core Viewpoint - Yanzhou Coal Mining Company Limited (兖矿能源) has announced that as of October 31, 2025, it has not repurchased any A-shares or H-shares, indicating compliance with legal regulations and the company's share repurchase plan [1] Summary by Category - **Company Announcement** - Yanzhou Coal has not conducted any share repurchases for both A-shares and H-shares as of the specified date [1] - The progress of the repurchase aligns with legal requirements and the company's outlined share repurchase strategy [1]

兖矿能源（600188）(01171)发布公告，截至2025年10月31日，公司尚未回购A股、H股股份，前述回购 进展符合法律法规的规定及公司股份回购方案的要求。 ...

Market Overview - Hong Kong stocks opened positively in November, with major indices rising, and the Hang Seng Index closing at 26,158.36 points, up 0.97% or 251.71 points, with a total turnover of HKD 228.68 billion [1] - The Hang Seng China Enterprises Index increased by 0.98% to 9,258.73 points, while the Hang Seng Tech Index rose by 0.24% to 5,922.48 points [1] Blue Chip Performance - Chow Tai Fook (01929) led the blue-chip decline, falling 8.67% to HKD 13.9, impacting the Hang Seng Index by 4.04 points [2] - AIA Group (01299) rose 5.96%, contributing 75.25 points to the index, while Wanzhou International (00288) increased by 4.69%, adding 4.62 points [2] Sector Performance Technology Sector - Technology stocks showed mixed results, with Alibaba down 1.15% and Tencent down 0.16%, while Kuaishou rose 1.52% [3] Oil Sector - Oil stocks experienced a broad increase, with China National Offshore Oil Corporation (00883) up 3.49% and China Petroleum (00857) up 3.37%, following OPEC+'s announcement to pause production increases in early 2024 [3] Coal Sector - Coal stocks generally rose, with China Qinfa (00866) up 7.53% and Yanzhou Coal (01171) up 4.69%, driven by seasonal demand and safety production assessments [4] AI Application Sector - AI application stocks were active, with Fenbi (02469) surging 10.36% after announcing a share buyback plan, reflecting strong market interest in AI education products [4][10] Gold and Jewelry Sector - Gold mining and jewelry stocks fell sharply, with Chow Tai Fook down 8.67% and Lao Pu Gold (06181) down 7.16%, following new tax policies affecting gold trading [6] Automotive Sector - The automotive sector showed varied performance, with XPeng Motors (09868) up 4.59% and NIO (09866) up 4.21%, supported by strong October delivery figures for new energy vehicles [7] Notable Stock Movements - Minglue Technology (02718) debuted with a significant rise of 106.1%, closing at HKD 290.6, indicating strong investor interest in data intelligence applications [8] - WuXi AppTec (02126) surged 16.09% due to positive developments regarding its CAR-T cell therapy's inclusion in commercial health insurance [9]

YANKUANG ENERGY GROUP COMPANY LIMITED* 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 。 兗礦能源集團股份有限公司 （在中華人民共和國註冊成立的股份有限公司） （股份代碼：01171） 海外監管公告 於其他市場披露的資料 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條的披露義務而作出。 茲 載 列 兗 礦 能 源 集 團 股 份 有 限 公 司 日 期 為 2025 年 11 月 3 日 ， 在 上 海 證 券 交 易 所 網 站 （www.sse.com.cn）和公司網站（www.ykenergy.com）刊登的《兗礦能源集團股份有限公司關於 股份回購進展公告》，僅供參閱。 承董事會命 兗礦能源集團股份有限公司 董事長 李 偉 中國山東省鄒城市 2025年11月3日 於本公告日期，本公司董事為李偉先生、王九红先生、劉健先生、劉強先生、張海軍先生、蘇力先生及 黃霄龍先生,而本公司的獨立非執行董事 ...

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 兗礦能源集團股份有限公司(在中華人民共和國註冊成立的公司) 呈交日期: 2025年11月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 600188 | 說明 | | A股（上海證券交易所） | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 5,961,980,544 | RMB | | 1 RMB | | 5,961,980,544 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 5,961,980,544 | RMB | | 1 RMB | | 5,961,980,54 ...

Group 1 - The core viewpoint of the article highlights that the coal mining sector is experiencing a price increase due to supply constraints and strong demand, particularly as winter approaches [1] - The Wind Coal Mining Select Index has risen over 2% as of November 3, with companies like China Coal Energy, Jinkong Coal Industry, and others showing significant gains [1] - Recent reports from the coal team at China Merchants Securities indicate that production cuts and equipment maintenance in major production areas have led to a decrease in capacity utilization, tightening supply in certain regions [1] Group 2 - Downstream demand remains robust, supported by the onset of winter heating in northern regions, which is expected to sustain coal prices in the fourth quarter [1] - The coking coal market is experiencing strong upward momentum, with tight supply conditions and heightened purchasing sentiment from downstream buyers, leading to some coal prices reaching new highs for the year [1]

Group 1 - The core viewpoint of the article highlights the upward movement of coal stocks in the Hong Kong market, indicating a positive trend in this sector [1] Group 2 - Yanzhou Coal Mining Company (兖矿能源) saw an increase of 5.62%, reaching HKD 11.67 [1] - China Qinfa (中国秦发) rose by 4.79%, trading at HKD 3.06 [1] - China Coal Energy (中煤能源) experienced a 3.2% increase, with shares priced at HKD 11.3 [1] - China Shenhua Energy (中国神华) gained 2.47%, with a share price of HKD 41.46 [1]

Core Viewpoint - The coal sector is experiencing a rise in stock prices, driven by expectations of increased coal prices due to the heating season and enhanced safety regulations [1] Group 1: Stock Performance - Yanzhou Coal Mining Company (兖矿能源) shares rose by 5.62%, reaching HKD 11.67 [1] - China Qinfa (中国秦发) shares increased by 4.79%, reaching HKD 3.06 [1] - China Coal Energy (中煤能源) shares rose by 3.2%, reaching HKD 11.3 [1] - China Shenhua Energy (中国神华) shares increased by 2.47%, reaching HKD 41.46 [1] Group 2: Market Analysis - Zhongtai Securities (中泰证券) reports that coal prices are expected to maintain an upward trend due to the heating season and safety production assessments [1] - Recent constraints on coal supply and increased demand for coal during the winter peak are contributing to a stable rise in coal prices [1] - Port coal prices have remained above CNY 770 per ton, marking a mid-year high [1] Group 3: Future Outlook - The firm anticipates that coal prices will continue to rise in November, supported by the heating season and comprehensive safety production evaluations [1] - The coal sector has seen significant declines this year, leading to low institutional holdings and a healthy trading structure [1] - The demand for non-electric coal during the peak season and the release of winter demand are expected to further strengthen coal prices [1] - The third-quarter reports from listed companies indicate a sequential improvement in the performance of thermal coal enterprises, confirming a rebound in the industry [1] - Coking coal companies are experiencing lagging improvements due to long-term pricing mechanisms, but the overall upward trend remains intact [1] - The company maintains a positive outlook on investment opportunities in the new coal upcycle [1]

Core Viewpoint - Coal stocks are experiencing an upward trend, driven by the onset of the heating season and strengthened safety regulations, which are expected to support coal prices in a fluctuating upward trajectory [1] Group 1: Market Performance - Major coal stocks such as Yanzhou Coal Mining (01171) rose by 5.62% to HKD 11.67, China Qinfa (00866) increased by 4.79% to HKD 3.06, China Coal Energy (01898) gained 3.2% to HKD 11.3, and China Shenhua (01088) went up by 2.47% to HKD 41.46 [1] - Port coal prices have remained above RMB 770 per ton, marking a mid-year high [1] Group 2: Price Outlook - According to Zhongtai Securities, coal prices are expected to maintain a fluctuating upward trend in November due to the heating season and comprehensive safety production assessments [1] - The report highlights that the coal sector has seen a significant cumulative decline this year, leading to low institutional holdings and a healthy chip structure, indicating that trading is not crowded [1] Group 3: Demand and Supply Dynamics - The constraints on coal supply due to "anti-involution" expectations and the release of demand from the "peak winter" expectations are contributing to a stable increase in coal prices [1] - The improvement in supply and demand dynamics is expected to catalyze further strengthening of coal prices, particularly with the non-electric coal entering its peak season [1] Group 4: Company Performance - The third-quarter reports from listed companies indicate a sequential improvement in the performance of thermal coal enterprises, confirming a bottoming out and upward trend in the industry [1] - Coking coal enterprises are experiencing lagging improvements in profitability due to long-term pricing mechanisms, but the overall upward trend remains intact [1] - The company continues to see investment opportunities in the new coal upcycle [1]

Group 1 - The coal stocks in the Hong Kong market experienced a collective surge, with notable increases in smaller coal companies such as Feishang Non-Smoking Coal, which saw a price increase of 108.33% [1][2] - Major coal companies also reported gains, including Yanzhou Coal Mining Company which rose over 5%, and China Qinfa Group which increased by 4.8% [1][2] - The recent extreme cold weather in northern China, with temperatures dropping to historical lows, has triggered the seasonal demand for coal, marking the beginning of the peak consumption period [1] Group 2 - The coal market faced a generally loose supply and insufficient demand in the first half of 2025, leading to a downward trend in coal prices [1] - However, the current seasonal demand and policy-driven supply reductions may create a shift in the supply-demand balance, potentially providing an opportunity for the coal sector to recover from its low valuation [1]