Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) announced personnel changes in 14 central enterprises, involving 11 leadership appointments and removals. Group 1: Leadership Appointments - Pei Mingshan appointed as Deputy Secretary of the Party Committee and Director of China Railway Construction Group, nominated as General Manager candidate [1] - Hou Xiao appointed as Deputy Secretary of the Party Committee and Director of China National New Group, nominated as General Manager candidate [2] - Dong Baoliang appointed as Deputy Secretary of the Party Committee and Director of China Railway Signal and Communication Group, nominated as General Manager candidate [3] - Zheng Weili appointed as Member of the Standing Committee of the Party Committee of China Coal Technology and Engineering Group, nominated as Chief Accountant candidate [4] - Zhang Deyong appointed as Member of the Standing Committee of the Party Committee of China Electrical Equipment Group, nominated as Chief Accountant candidate [5] - Qu Xiaoli appointed as Member of the Standing Committee of the Party Committee of China CRRC Group, removed from the same position at China National Building Material Group [6] Group 2: Leadership Removals - Hu Naimin removed from the Standing Committee of the Party Committee of China Energy Conservation and Environmental Protection Group, retired [7] - Ma Shizhi removed from the Standing Committee of the Party Committee of China Coal Energy Group, retired [8] - Wu Xiangong removed from the Standing Committee of the Party Committee of China Chemical Engineering Group, retired [9] - Wang Shiqi removed from the Deputy Secretary and Standing Committee of the Party Committee of China Railway Engineering Group, retired [10] - Sun Lixia removed from the Standing Committee and Discipline Inspection Secretary of China Poly Group, retired [11]

Group 1 - 14 central enterprises have undergone leadership changes, with 11 personnel appointments and removals [1][2][3][4][5][6][7][8][9][10][11] - Pei Mingshan has been appointed as the Deputy Secretary and Director of China Railway Construction Group, nominated as the candidate for General Manager [1] - Hou Xiao has been appointed as the Deputy Secretary and Director of China Guoxin Holdings, nominated as the candidate for General Manager [2] - Dong Baoliang has been appointed as the Deputy Secretary and Director of China Railway Signal and Communication Group, nominated as the candidate for General Manager [3] - Zheng Weili has been appointed as a member of the Standing Committee of China Coal Technology and Engineering Group, nominated as the candidate for Chief Accountant [4] - Zhang Deyong has been appointed as a member of the Standing Committee of China Electrical Equipment Group, nominated as the candidate for Chief Accountant [5] - Qu Xiaoli has been appointed as a member of the Standing Committee of China CNR Corporation, removed from the Standing Committee of China National Building Material Group [6] Group 2 - Hu Naimin has been removed from the Standing Committee of China Energy Conservation and Environmental Protection Group and has retired [7] - Ma Shizhi has been removed from the Standing Committee of China Coal Energy Group and has retired [8] - Wu Xiangong has been removed from the Standing Committee of China Chemical Engineering Group and has retired [9] - Wang Shiqi has been removed from the Deputy Secretary and Standing Committee of China Railway Engineering Group and has retired [10] - Sun Lixia has been removed from the Standing Committee and Discipline Inspection Commission of China Poly Group and has retired [11]

Group 1 - Pei Mingshan appointed as Deputy Secretary and Director of China Railway Construction Group Co., Ltd., nominated as General Manager candidate, relieved of his position as Standing Committee member of China Communications Construction Group Co., Ltd., and no longer serves as Deputy General Manager of China Communications Construction Group Co., Ltd. [1] - Hou Xiao appointed as Deputy Secretary and Director of China Guoxin Holdings Co., Ltd., nominated as General Manager candidate. [2] - Dong Baoliang appointed as Deputy Secretary and Director of China Railway Communication Signal Group Co., Ltd., nominated as General Manager candidate, and no longer serves as External Director of China Automotive Technology Research Center Co., Ltd. [3] Group 2 - Zheng Weili appointed as Standing Committee member of China Coal Technology and Engineering Group Co., Ltd., nominated as Chief Accountant candidate. [4] - Zhang Deyong appointed as Standing Committee member of China Electrical Equipment Group Co., Ltd., nominated as Chief Accountant candidate. [5] - Qu Xiaoli appointed as Standing Committee member of China CNR Corporation Limited, relieved of his position as Standing Committee member of China National Building Material Group Corporation, and no longer serves as Deputy General Manager of China National Building Material Group Corporation. [6] Group 3 - Hu Naimin relieved of his position as Standing Committee member of China Energy Conservation and Environmental Protection Group Co., Ltd., no longer serves as Deputy General Manager, and is retiring. [7] - Ma Shizhi relieved of his position as Standing Committee member of China Coal Energy Group Co., Ltd., no longer serves as Deputy General Manager, and is retiring. [8] - Wu Xiangong relieved of his position as Standing Committee member of China Chemical Engineering Group Co., Ltd. and is retiring. [9] - Wang Shiqi relieved of his positions as Deputy Secretary and Standing Committee member of China Railway Engineering Group Co., Ltd. and is retiring. [10] - Sun Lixia relieved of her positions as Standing Committee member and Discipline Inspection Secretary of China Poly Group Co., Ltd. and is retiring. [11]

Core Viewpoint - The Tianhong CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159281) experienced a decline of 1.74% in its closing price on February 13, with a trading volume of 48.02 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]. - The fund's performance benchmark is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index, adjusted for valuation exchange rates [1]. Group 2: Fund Size and Performance - As of February 12, 2025, the fund had a total of 345 million shares and a total size of 359 million yuan, showing a 2.54% decrease in shares and a 2.46% increase in size since December 31, 2025 [1]. - The cumulative trading amount over the last 20 trading days reached 1.218 billion yuan, with an average daily trading amount of 60.88 million yuan [1]. Group 3: Fund Management and Holdings - The current fund manager is He Yuxuan, who has managed the fund since its inception, achieving a return of 2.94% during the management period [2]. - Major holdings in the fund include COSCO Shipping Holdings (4.11%), China Shenhua Energy (2.68%), CNOOC (2.56%), Sinopec Engineering (2.56%), China National Offshore Oil Corporation (2.52%), China Merchants Energy Shipping (2.45%), PetroChina (2.37%), China Coal Energy (2.37%), CITIC International (2.34%), and China Construction Bank (2.28%) [2].

Core Viewpoint - The Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF (159266) experienced a decline of 1.64% in its closing price on February 13, with a trading volume of 12.8849 million yuan [1]. Group 1: Fund Overview - The fund was established on July 23, 2025, and is officially named Yongying CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend ETF [1]. - The management fee is set at 0.50% per annum, while the custody fee is 0.10% per annum [1]. - The fund's performance benchmark is the CSI Hong Kong Stock Connect Central State-Owned Enterprises Dividend Index return (calculated based on valuation exchange rates) [1]. Group 2: Fund Size and Performance - As of February 12, 2025, the fund had a total of 539 million shares and a total size of 565 million yuan [1]. - Compared to December 31, 2025, the fund's shares decreased by 12.51% and its size decreased by 7.47% [1]. Group 3: Liquidity - Over the last 20 trading days, the cumulative trading amount for the fund was 265 million yuan, with an average daily trading amount of 13.2605 million yuan [1]. Group 4: Fund Management - The current fund managers are Liu Tingyu and Cai Leping, with Liu managing the fund since July 23, 2025, achieving a return of 3.01%, and Cai managing since November 5, 2025, with a return of 0.17% [2]. Group 5: Top Holdings - The fund's top holdings include: - COSCO Shipping Holdings (4.14% of holdings) - China Shenhua Energy (2.69%) - CNOOC (2.58%) - Sinopec Engineering (2.57%) - China National Offshore Oil Corporation (2.54%) - China Merchants Industry Holdings (2.46%) - CITIC International Communications (2.39%) - PetroChina (2.38%) - China Coal Energy (2.38%) - China Construction Bank (2.29%) [2][3].

Group 1 - The core point of the article is that China Coal Energy (601898.SH) reported a decrease in both coal production and sales for January 2026 compared to the previous year [1] Group 2 - The company's coal production in January 2026 was 10.29 million tons, representing a year-on-year decrease of 10.4% [1] - The total coal sales for January 2026 were 20.05 million tons, which is a year-on-year decrease of 7.3% [1] - The self-produced coal sales amounted to 10.57 million tons, showing a year-on-year increase of 1.7% [1]

Group 1 - The core point of the article is that China Coal Energy reported a decline in both coal production and sales in January 2026 compared to the previous year [1] Group 2 - In January 2026, the company's coal production was 10.29 million tons, representing a year-on-year decrease of 10.4% [1] - The total coal sales for January 2026 were 20.05 million tons, which is a year-on-year decline of 7.3% [1] - The self-produced coal sales amounted to 10.57 million tons, showing a year-on-year increase of 1.7% [1]

证券代码：601898 证券简称：中煤能源 公告编号：2026-004 中国中煤能源股份有限公司 2026 年 2 月 12 日 | 指标项目 | 单位 | 2026 | 年 | 2025 | 年 | 变化比率（%） | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | 月份 1 | 累计 | 月份 1 | 累计 | 月份 1 | 累计 | | 一、煤炭业务 | | | | | | | | | （一）商品煤产量 | 万吨 | 1,029 | 1,029 | 1,148 | 1,148 | -10.4 | -10.4 | | （二）商品煤销量 | 万吨 | 2,005 | 2,005 | 2,163 | 2,163 | -7.3 | -7.3 | | 其中：自产商品煤销量 | 万吨 | 1,057 | 1,057 | 1,039 | 1,039 | 1.7 | 1.7 | | 二、煤化工业务 | | | | | | | | | （一）聚烯烃 | | | | | | | | | 1.聚乙烯产量 | 万吨 | 6.6 | 6.6 | 6.7 | 6. ...

Group 1 - The core point of the article is that China Coal Energy (01898.HK) reported a decrease in coal production and sales for January 2026 compared to the previous year [1] Group 2 - The company's coal production in January 2026 was 10.29 million tons, representing a year-on-year decrease of 10.4% [1] - The total coal sales for the company were 20.05 million tons, which is a year-on-year decrease of 7.3% [1] - The self-produced coal sales amounted to 10.57 million tons, showing a year-on-year increase of 1.7% [1]

Core Viewpoint - China Coal Energy (601898) reported a decrease in both coal production and sales for January 2026, indicating potential challenges in the coal market [1] Group 1: Production and Sales Data - The company's coal production for January 2026 was 10.29 million tons, representing a year-on-year decrease of 10.4% [1] - The total coal sales amounted to 20.05 million tons, which is a year-on-year decrease of 7.3% [1] - Self-produced coal sales reached 10.57 million tons, showing a slight year-on-year increase of 1.7% [1]