Group 1 - Coal stocks have become active again, with notable price increases for several companies [1] - China Coal Energy (01898.HK) rose by 4.01%, reaching HKD 11.93 [1] - Power Development (01277.HK) increased by 3.16%, trading at HKD 1.63 [1] - Yanzhou Coal Mining (01171.HK) saw a rise of 2.8%, priced at HKD 11.38 [1] - China Shenhua Energy (01088.HK) experienced a smaller increase of 0.87%, now at HKD 41.62 [1]

开源证券指出，多数煤企依然保持了高分红的意愿，中报仍有6家上市煤企发布中期分红方案（中国神 华/山西焦煤（000983）/陕西煤业（601225）/上海能源（600508）/兖矿能源（600188）/中煤能源）。 资本市场在全球政经高度不确定以及国内稳经济的预期下，投资行为存在情绪上的脉冲，煤炭板块具备 周期与红利的双重属性，当前煤炭持仓低位，基本面已到拐点右侧，已到布局时点。 部分煤炭股继续上扬，截至发稿，力量发展(01277)涨5.19%，报1.62港元；易大宗(01733)涨4.6%，报 0.91港元；中煤能源（601898）(01898)涨2.63%，报11.71港元；中国神华（601088）(01088)涨1.3%，报 41.98港元。 消息面上，申万宏源表示，大秦铁路（601006）检修结束，调入量环比回升、但同比仍偏低。同时，中 央安全生产考核巡查组将于11月全面进驻，主产区安监形势趋于严峻，进一步强化市场对供给收紧的预 期。展望后市，预计11月后安监趋严；运费上涨带来发运倒挂、与冬季取暖旺季需求共振，预计动力煤 价格修整后将上涨。 ...

每经AI快讯，部分煤炭股继续上扬，截至发稿，力量发展(01277.HK)涨5.19%，报1.62港元；易大宗 (01733.HK)涨4.6%，报0.91港元；中煤能源(01898.HK)涨2.63%，报11.71港元；中国神华(01088.HK)涨 1.3%，报41.98港元。 ...

Group 1 - Coal stocks continue to rise, with notable increases: Strength Development up 5.19% to HKD 1.62, Yida Commodity up 4.6% to HKD 0.91, China Coal Energy up 2.63% to HKD 11.71, and China Shenhua up 1.3% to HKD 41.98 [1] - Shenwan Hongyuan reports that the maintenance of the Daqin Railway has ended, leading to a month-on-month increase in coal input, although it remains low year-on-year. The central safety production inspection team will fully enter in November, indicating a tightening supply expectation in the main production areas [1] - Open Source Securities notes that most coal companies maintain a high dividend payout intention, with six listed coal companies announcing interim dividend plans. The coal sector is seen as having both cyclical and dividend attributes, with current low holdings indicating a potential investment opportunity [1] Group 2 - The market anticipates stricter safety regulations in November, alongside rising freight costs, which may lead to an increase in thermal coal prices after adjustments [1] - The capital market is experiencing emotional fluctuations in investment behavior due to global political and economic uncertainties, alongside domestic economic stabilization expectations [1] - The coal sector's fundamentals are perceived to have reached a turning point, suggesting it is an opportune time for investment [1]

Group 1 - The core viewpoint of the news is that coal stocks in the Hong Kong market are experiencing a continued upward trend, driven by seasonal demand and supply constraints due to safety inspections and production policies [1] - Recent extreme cold weather in northern China has led to a significant drop in temperatures, with Heilongjiang's Mohe reaching -25°C, marking a historical low for late October, and parts of Inner Mongolia dropping below -30°C, indicating the start of the coal consumption peak season [1] - Demand for coal is expected to remain high as steel mills and thermal power companies continue to have strong needs, which, combined with supply-side constraints, is likely to stabilize and push coal prices upward [1] Group 2 - According to Guoxin Securities, while coal prices declined in early 2024 leading to poor profits for coal companies, a rebound in coal prices is anticipated in the second half of 2025, which could improve profitability for coal enterprises [1] - The coal sector has underperformed compared to other sectors, but there is a clear bottoming out, and a rebound in the fourth quarter is expected [1] - Specific coal stocks have shown notable price increases, with Hengding Industrial rising nearly 8%, and China Coal Energy reaching its highest price since 2011, indicating strong market performance [2]

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]

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 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01277 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | 500,000,000,000 | USD | | 0.001 | USD | | 500,000,000 | | 增加 / 減少 (-) | | | 0 | | | USD | | 0 | | 本月底結存 | | 500,000,000,000 | USD | | 0.001 | USD | | 500,000,000 | 本月底法定/註冊股本總額： USD 500,000,000 第 1 頁 共 10 頁 v 1.1.1 FF301 FF301 ...

Core Viewpoint - The recent announcement by Power Development Group regarding significant progress in the Makhado project under MCMining Limited marks a crucial step in the company's international strategic deployment [1][2] Group 1: Company Strategy - Power Development Group is focusing on overseas high-potential resource projects to enhance risk resilience and long-term competitiveness, leveraging its mature operational experience and profitability in China's coal mining and sales [1] - The acquisition of shares in MCMining, which has multiple coking and thermal coal projects in South Africa, aligns with Power Development's core business and expands its resource reserves [1] Group 2: Project Development - The Makhado project is identified as one of the most promising hard coking and thermal coal development projects located in the Soutpansberg coalfield of Limpopo Province, South Africa, with all engineering works progressing as planned [1] - The operational experience from China's coal industry is expected to support the Makhado project's efficiency and profitability through systematic capabilities in mine management, cost control, and safety production [1] Group 3: Market Expansion - As the Makhado project gradually commences production, Power Development Group aims to establish a foothold in the South African market and expand international capital channels and resource cooperation opportunities through MCMining's dual listing platforms in Australia and Johannesburg [2] - The steady advancement of the Makhado project signifies that the company's overseas layout is entering a critical stage before harvest [2]

格隆汇10月30日丨力量发展(01277.HK)宣布，公司已成功完成修订协议项下第一至五批第二次交割。于 本公告日期，公司已认购并获配发合共2.78亿股MC Mining新普通股。完成第一至五批第二次交割后， 公司（连同其指定人士）持有约40.13%MC Mining经扩大已发行股本。 ...

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的內容概不負責， 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 分內容而產生或因依賴該等內容而引致的任何損失承擔任何責任。 Kinetic Development Group Limited 力量發展集團有限公司 (於開曼群島註冊成立的有限公司) （股份代號：1277） 自願性公告 有關認購MC MINING股份 及MAKHADO項目進度的最新情況 茲提述力量發展集團有限公司（「本公司」）日期為二零二四年八月二十六日、二零 二四年九月十三日及二零二五年二月二十八日的公告（「該等公告」），內容有關根據 股份認購協議（經日期為二零二五年二月二十八日的修訂協議修訂）認購MC Mining 股份。除另有界定者外，本公告所用詞彙與該等公告所界定者具有相同涵義。 完成第一至五批第二次交割 董事會欣然宣佈，本公司已成功完成修訂協議項下第一至五批第二次交割。 於本公告日期，本公司已認購並獲配發合共277,557,929股MC Mining新普通股。完成 第一至五批第二次交割後，本公司（連同其指定人士）持有約40.13%MC Mining經擴 ...