Financial Performance - In Q1 2025, the company's operating revenue was CNY 30.31 billion, a decrease of 23.53% compared to CNY 39.63 billion in the same period last year[10] - The net profit attributable to shareholders was CNY 2.71 billion, down 27.89% from CNY 3.76 billion year-on-year[10] - The net cash flow from operating activities was CNY 3.66 billion, a decline of 32.98% compared to CNY 5.47 billion in the previous year[10] - The basic earnings per share decreased by 31.31% to CNY 0.27 from CNY 0.51 in the same period last year[10] - The company's total revenue for Q1 2025 was 48.42 billion yuan, a decrease of 9.61 billion yuan or 16.55% compared to Q1 2024[19] - The coal sales volume for Q1 2025 was 31.43 million tons, a decrease of 2.76 million tons or 8.1% year-on-year[22] - The sales revenue from coal business in Q1 2025 was 17.322 billion yuan, down by 7.532 billion yuan or 30.3% year-on-year[22] - The total coal sales cost for Q1 2025 was 10.323 billion yuan, a decrease of 4.905 billion yuan or 32.2% compared to Q1 2024[23] - The average selling price of coal in Q1 2025 was 551.20 yuan per ton, down from 727.07 yuan per ton in Q1 2024[22] - The sales cost per ton of coal for the company in Q1 2025 was 390.84 yuan, an increase of 2.29% from 382.09 yuan in Q1 2024[23] - The production of coal by the company in Q1 2025 was 48.42 million tons, a decrease of 9.61 million tons or 16.55% compared to Q1 2024[19] - The company reported a net increase in cash and cash equivalents of CNY 3,096,503 for Q1 2025, compared to CNY 5,103,497 in Q1 2024[48] Assets and Liabilities - Total assets at the end of Q1 2025 were CNY 366.77 billion, reflecting a 2.29% increase from CNY 358.55 billion at the end of the previous year[10] - Total liabilities rose to CNY 229,549,331 in 2025, up from CNY 225,544,212 in 2024, indicating an increase of 1.8%[39] - Current assets decreased to CNY 62,383,353 as of March 31, 2025, from CNY 64,577,181 at the end of 2024, reflecting a decline of about 3%[50] - Total liabilities decreased to CNY 147,339,421 as of March 31, 2025, from CNY 149,881,959 at the end of 2024[51] Production and Sales - In Q1 2025, the company produced 36,802 thousand tons of commodity coal, an increase of 6.26% compared to Q1 2024, while sales volume decreased by 8.07% to 31,426 thousand tons[18] - The chemical products output in Q1 2025 was 2,414 thousand tons, up 11.59% year-on-year, with sales volume increasing by 7.27% to 2,018 thousand tons[18] - The company's power generation in Q1 2025 was 179,270 million kWh, a decrease of 8.79% from the previous year, while electricity sales dropped by 12.34% to 143,466 million kWh[18] Shareholder Information - As of March 31, 2025, the total number of common shareholders is 146,091, with the largest shareholder, Shandong Energy Group Co., Ltd., holding 5,303,899,421 shares, representing 52.83% of the total share capital[13] - The top ten shareholders collectively hold significant stakes, with Shandong Energy Group being the dominant shareholder, followed by Hong Kong Central Clearing Limited with 3,162,086,008 shares (31.50%) and others holding smaller percentages[13] - Shandong Energy directly and indirectly holds a total of 5,303,899,421 shares, including 4,185,339,592 A-shares and 908,756,550 H-shares[14] Cash Flow and Investments - The company's cash flow from operating activities for Q1 2025 showed a significant change, with a focus on improving liquidity[45] - Cash flow from operating activities for Q1 2025 was CNY 3,661,704, a decrease of 33% compared to CNY 5,463,978 in Q1 2024[47] - Cash outflow from investing activities was CNY 4,144,462 in Q1 2025, down from CNY 5,501,204 in Q1 2024, indicating a reduction of about 25%[48] - The company reported an investment income of CNY 408,015 in Q1 2025, down from CNY 620,895 in Q1 2024, a decrease of 34.2%[41] Future Strategies - The company is focusing on expanding its coal and chemical production capabilities to enhance overall operational efficiency[18] - Future strategies may include market expansion and potential mergers or acquisitions to strengthen its market position[18] - The company plans to enhance cost control measures to improve profitability in the upcoming quarters[24] - The company plans to optimize product structure and enhance flexible production in response to market changes, impacting the production and sales of chemical products[26]

独立董事提名人声明与承诺 提名人兖矿能源集团股份有限公司董事会,现提名高井祥为 究矿能源集团股份有限公司第九届董事会独立董事候选人,并已 充分了解被提名人职业、学历、职称、详细的工作经历、全部兼 职、有无重大失信等不良记录等情况。被提名人已同意出任兖矿 能源集团股份有限公司第九届董事会独立董事候选人(参见该独 立董事候选人声明)。提名人认为,被提名人具备独立董事任职 资格,与充矿能源集团股份有限公司之间不存在任何影响其独立 性的关系,具体声明并承诺如下: 一、被提名人具备上市公司运作的基本知识,熟悉相关法律、 行政法规、规章及其他规范性文件,具有5年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 二、被提名人任职资格符合下列法律、行政法规和部门规章 的要求: (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)《中华人民共和国公务员法》关于公务员兼任职务的 规定(如适用); (三)中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定; (四)中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退( ...

独立董事候选人声明与承诺 本人高井祥，已充分了解并同意由提名人兖矿能源集团股份 有限公司董事会提名为兖矿能源集团股份有限公司第九届董事 会独立董事候选人。本人公开声明，本人具备独立董事任职资格， 保证不存在任何影响本人担任兖矿能源集团股份有限公司独立 董事独立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行 政法规、部门规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 二、本人任职资格符合下列法律、行政法规和部门规章以及 公司规章的要求： （一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退（离）休后担任上市公司、基金管理公司独立董 事、独立监事的通知》的规定（如适用）； （五）中共中央组织部《关于进一步规范党政领导干部在企 业兼职（任职）问题的 ...

股票代码：600188 股票简称：兖矿能源 编号：临 2025-030 兖矿能源集团股份有限公司 关于修改《公司章程》及相关议事规则的公告 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 整性承担个别及连带责任。 兖矿能源集团股份有限公司（"公司"）第九届董事会第十四次会 议审议通过了《关于修改<公司章程>及相关议事规则的议案》，并同 意提交公司 2024 年度股东周年大会讨论审议。 根据新《公司法》（2024 年 7 月正式实施）、中国证监会《上市 公司章程指引》《上市公司股东会规则》等法律法规和上市地监管规 则，公司拟修改《公司章程》相关条款，并相应修改《股东大会议事 规则》及《董事会议事规则》有关内容，以及废止《监事会议事规则》， 从而进一步完善公司治理结构、加强股东权利保护和压实控股股东及 实际控制人责任。具体修改内容如下： 一、《公司章程》修改内容 | 修改前内容 | 修改后内容 | | --- | --- | | 第一章 | 总则 | | 第一条 为维护兖矿能源集团 | 第一条 为维护兖矿能源集 | | 股份有限公司(以下简称"公司 ...

兖矿能源（600188）公告，2025年第一季度营业收入为303.12亿元，同比下降23.53%；净利润为27.1亿 元，同比下降27.89%。 ...

Core Viewpoint - The Hang Seng High Dividend Yield Index (HSSCHKY) has shown positive performance, with significant increases in constituent stocks, indicating a potential recovery in the Hong Kong real estate market and overall economic stability [2]. Group 1: Market Performance - As of April 25, 2025, the HSSCHKY index rose by 0.85%, with notable increases in stocks such as China Resources Land (4.64%) and China Overseas Development (3.76%) [2]. - The Bosera Hang Seng High Dividend ETF (513690) increased by 1.20%, with a latest price of 0.93 yuan and a trading volume of 16.6197 million yuan [2]. - Over the past year, the Bosera Hang Seng High Dividend ETF has seen an average daily trading volume of 78.9566 million yuan [2]. Group 2: Economic Measures - A recent State Council meeting focused on stabilizing employment and the economy, emphasizing the need to maintain a stable stock market and promote healthy development in the real estate sector [2]. - Despite a slight decline in new home sales and falling second-hand home prices, historical trends suggest that the real estate sector often rebounds before the fundamentals stabilize, supported by strong expectations for new policies [2]. Group 3: ETF Performance Metrics - The Bosera Hang Seng High Dividend ETF has a current size of 3.731 billion yuan, with net inflows remaining balanced recently [3]. - The ETF's net value increased by 22.27% over the past year, with a maximum monthly return of 24.18% since inception [3]. - The ETF's Sharpe ratio for the past year is 1.48, indicating a favorable risk-adjusted return [3]. Group 4: Index Composition - As of April 24, 2025, the top ten weighted stocks in the HSSCHKY index account for 28.32% of the index, with Yanzhou Coal Mining (4.39%) and Hang Lung Properties (3.38%) being the most significant [4][6].

股票代码：600188 股票简称：兖矿能源 编号：临 2025-027 兖矿能源集团股份有限公司 股权激励限制性股票回购注销实施公告 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： 回购注销原因： 鉴于公司 2021 年 A 股限制性股票激励计划（"本激励计划"）27 名 激励对象因职务调动等原因已不符合激励条件，5 名激励对象绩效考 核结果为"不合格"，9 名激励对象绩效考核结果为"达标"，应对 上述 41 名激励对象已获授但尚未解除限售的限制性股票 2,379,858 股进行回购注销。 本次注销股份的有关情况： | 回购股份数量（股） | 注销股份数量（股） | | | 注销日期 | | | | --- | --- | --- | --- | --- | --- | --- | | 2,379,858 | 2,379,858 | 2025 | 年 | 4 | 月 | 29 日 | 一、本次限制性股票回购注销已履行的决策程序和信息披露情况 1 有关详情请参见公司日期为 2025 年 2 月 24 日的关于回购 ...

兖矿能源集团股份有限公司 关于举办 2025 年第一季度业绩说明会的公告 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： 投资者可于2025年4月25日（周五）17:00前将关注的问题 通过电子邮件的形式发送至IR@ykenergy.com。本公司将会于2025年 第一季度业绩说明会（"业绩说明会"）上对投资者普遍关注的问题 进行回答。 一、说明会类型 兖矿能源集团股份有限公司（"公司""本公司"）将于2025 年4月26日在上海证券交易所网站、香港联合交易所网站披露2025年 第一季度业绩。为协助投资者更好地了解公司业绩，公司拟以电话及 网络会议的方式召开业绩说明会。 股票简称：兖矿能源 股票代码：600188 编号：临 2025-026 二、说明会召开的时间、方式 （一）召开时间：2025年4月27日（周日）10:00-11:00 （二）召开方式：电话及网络会议 1 会议召开时间：2025年4月27日（周日）10:00-11:00 会议召开方式：电话及网络会议 （三）电话拨入号码： 中国大陆：+86-40 ...

金十数据整理：每日港股市场要闻速递（4月22日 周二） 1. 中国联通(00762.HK)：2025年第一季度营收1033.5亿人民币，同比增涨3.9%；净利润59.3亿人民币。 同比增长5.6%。 2. 同程旅行(00780.HK)宣布与万达酒店发展就收购其全资子公司万达酒店管理（香港）有限公司达成协 议，交易对价约为人民币24.9亿元。 5. 药明生物(02269.HK)：杭州基地15000升原液生产线完成首个商业化项目PPQ生产。 3. 恒大汽车(00708.HK)：公司股票继续停牌，将持续发布季度发展更新，直至恢复或终止上市。 6. 融创中国(01918.HK)：与若干有代表性的债权人就境外债务重组方案达成一致。 4. 中国铁塔(00788.HK)：2025年第一季度，营业收入人民币247.71亿元，同比增长3.3%；归属公司股东 的利润30.24亿元，同比增长8.6%。 7. 呷哺呷哺(00520.HK)发布公告拟8900万元收购呷哺呷哺(中国)食品40%股权。 8. 顺丰控股(06936.HK)3月速运物流业务、供应链及国际业务合计收入236.61亿元，同比增长9.63%。 9. 招金矿业 (01 ...

Investment Rating - The report maintains a "Positive" investment rating for the coal industry [9]. Core Insights - The report highlights two significant divergences in the first quarter economic data: 1) the divergence between GDP growth and electricity consumption growth; 2) the increase in raw coal production while power plant inventories are decreasing. The GDP growth of 5.4% contrasts with a mere 2.5% increase in electricity consumption, primarily due to economic structural transformation and unexpected weather impacts on residential electricity use. Additionally, despite high raw coal production, power plant inventories have declined due to weak power generation demand and structural inventory accumulation at ports and pits [2][7]. Summary by Sections Market Performance - The coal index (Yangtze) increased by 2.56%, outperforming the CSI 300 index by 1.98 percentage points, ranking 3rd out of 32 industries. The thermal coal market price as of April 18 is 663 RMB/ton, showing a slight decrease of 2 RMB/ton week-on-week [6][20]. Thermal Coal Market - The report notes that while seasonal demand for coal is weak, the market is expected to stabilize as the negative factors affecting coal stocks are likely to diminish. The report suggests a positive outlook for coal stocks due to high dividend yields and narrowing second-order effects of falling coal prices [6][20]. Coking Coal Market - The coking coal price at Jing Tang Port remains stable at 1380 RMB/ton. The report emphasizes the need to monitor potential domestic demand stimulus policies and the sustainability of steel production increases [6][21]. Economic Divergences - The report elaborates on the divergence between GDP growth and electricity consumption, attributing it to structural upgrades in the economy and unexpected weather impacts. The first quarter saw a raw coal production increase of 9.704 million tons (8.1% year-on-year), while power plant inventories decreased by approximately 21.03 million tons since the beginning of the year [7][8]. Investment Recommendations - The report recommends marginal allocations to long-term stable profit leaders such as China Shenhua (A+H) and Shaanxi Coal, as well as growth-oriented companies like Xinji Energy and Electric Power Investment Energy. It also highlights flexible growth stocks such as Yanzhou Coal Mining (A+H) and Shanxi Coking Coal [8].