证券代码：601898 证券简称：中煤能源 公告编号：2025-017 中国中煤能源股份有限公司 关于修订公司章程并取消监事会的公告 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。 根据《中华人民共和国公司法》《上市公司章程指引（2025 年修订）》等法 律法规和规范性文件，2025 年 4 月 25 日，公司召开第五届董事会 2025 年第二 次会议，审议通过了《关于修订<公司章程>并取消监事会的议案》，同意对《中 国中煤能源股份有限公司章程》（简称"《公司章程》"）进行修订，同意公司取 消监事会，由审计与风险管理委员会行使《中华人民共和国公司法》规定的监事 会职权，并同意将该议案提交公司股东大会审议，同意将该议案中对《公司章程》 第七十四条、第一百一十四条、第一百三十一条至第一百三十八条的修订提交公 司 A 股类别股东会及 H 股类别股东会审议。具体修订内容如下： | 修订前 | | | 修订后 | | | | | --- | --- | --- | --- | --- | --- | --- | | 第一章 总则 | 第 ...

Financial Performance - The company's basic earnings per share for Q1 2025 is 0.3000 yuan, a decrease of 18.92% compared to Q1 2024, which was 0.3700 yuan [1] - The total revenue for Q1 2025 is 38.392 billion yuan, down 15.43% from 45.395 billion yuan in Q1 2024 [1] - The net profit for Q1 2025 is 3.978 billion yuan, representing a decline of 19.96% from 4.97 billion yuan in Q1 2024 [1] - The return on equity for Q1 2025 is 2.58%, a decrease of 23.67% compared to 3.38% in Q1 2024 [1] Shareholder Structure - The top ten unrestricted shareholders hold a total of 1,227,339.16 million shares, accounting for 92.58% of the circulating shares, with a decrease of 8,681.31 million shares from the previous period [2] - China Coal Energy Group Co., Ltd. remains the largest shareholder with 761,120.79 million shares, representing 57.41% of the total share capital [3] - HKSCC Nominees Limited increased its holdings by 10.70 million shares, now holding 396,060.41 million shares, which is 29.87% of the total [3] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]

Financial Performance - Operating revenue for Q1 2025 was RMB 38,391,521, a decrease of 15.4% compared to RMB 45,394,500 in the same period last year[7] - Net profit attributable to shareholders for Q1 2025 was RMB 3,977,869, down 20.0% from RMB 4,969,520 in Q1 2024[7] - Net cash flow from operating activities decreased by 89.0%, from RMB 3,405,180 in Q1 2024 to RMB 376,151 in Q1 2025[7] - Basic and diluted earnings per share for Q1 2025 were both RMB 0.30, down 18.9% from RMB 0.37 in Q1 2024[7] - The weighted average return on equity for Q1 2025 was 2.58%, down from 3.38% in the same period last year[7] Production Metrics - Coal production for Q1 2025 was 3,335,000 tons, an increase of 1.9% compared to 3,273,000 tons in Q1 2024[11] - Urea production increased by 11.2% to 52,800 tons in Q1 2025, compared to 47,500 tons in Q1 2024[11] - Methanol production saw a significant increase of 24.8%, reaching 51,400 tons in Q1 2025, up from 41,200 tons in Q1 2024[11] Revenue Breakdown - The revenue from coal mining equipment business decreased by 16.6% to RMB 2,420,000,000 in Q1 2025 from RMB 2,900,000,000 in Q1 2024[11] - In Q1 2025, the company's coal business revenue was CNY 31.25 billion, a decrease of CNY 6.23 billion or 16.6% compared to CNY 37.48 billion in Q1 2024[17] - The sales revenue from self-produced coal was CNY 16.07 billion, down CNY 3.24 billion or 16.8% year-on-year, primarily due to a price drop of CNY 106 per ton[17] - The gross profit from coal business was CNY 7.45 billion, a decrease of CNY 2.67 billion or 26.4% compared to CNY 10.13 billion in the same period last year[18] - The sales revenue from purchased trade coal was CNY 15.17 billion, down CNY 2.99 billion or 16.5% year-on-year, primarily due to a price drop of CNY 125 per ton[17] Cash Flow and Financing - The net cash flow from investing activities was CNY -82.38 billion, an increase of 669.3% year-on-year, mainly due to a rise in capital expenditure payments[16] - The company's short-term loans increased by 54.8% to CNY 16.44 billion, reflecting the financing needs for key project construction[16] - The net cash flow from financing activities was CNY 299.15 million, a significant improvement compared to a net outflow of CNY 2.75 billion in the previous year[16] Shareholder Information - China Coal Energy Group holds 7,611,207,908 A-shares, accounting for 57.41% of the total issued share capital[32] - Through its wholly-owned subsidiary, China Coal Energy Hong Kong Co., Ltd., the company holds 132,351,000 H-shares, totaling approximately 58.40% of the total issued share capital[32] - The top 10 shareholders do not participate in margin financing and securities lending activities[32] - The top 10 unrestricted shareholders include China Coal Energy Group and HKSCC Nominees Limited, holding 57.41% and 29.87% of shares respectively[31] - The total number of common shareholders at the end of the reporting period is 108,006[30] - The company has not reported any changes in the participation of major shareholders in securities lending activities compared to the previous period[32] Corporate Governance - The company’s financial statements for the quarter do not require an audit opinion type adjustment[33] - The company has not adopted new accounting standards or interpretations that would affect the financial statements for the current reporting period[33] - There are no significant reminders for investors regarding the company's operational situation during the reporting period[32] - The company’s board of directors includes Wang Shudong as the chairman and executive director[33]

Group 1 - The core point of the article is that China Coal Energy (601898) reported a decline in both revenue and net profit for the first quarter of 2025, indicating potential challenges in its financial performance [1] Group 2 - The company's revenue for Q1 2025 was 38.392 billion yuan, representing a year-on-year decrease of 15.4% [1] - The net profit for the same period was 3.978 billion yuan, showing a year-on-year decline of 20.0% [1]

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].

证券代码：601898 证券简称：中煤能源 公告编号：2025-012 中国中煤能源股份有限公司 关于召开 2025 年第一季度业绩说明会的预告公告 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： （一）视频直播及网络互动方式： 上证路演中心网址：https://roadshow.sseinfo.com/ "进门财经"网址：https://s.comein.cn/jnynw2pb Webcast Link(English): https://s.comein.cn/91nnryac （二）电话会议方式： 大陆：4001-510-269 香港：+852-51089680，台湾：+886-277083288，美国：+1-2087016888 国际：+86-1021377168 会议密码：601898（中文）001898（英文同传） 提问预征集方式： 1 本公告全文已于本公告日刊登于上海证券交易所网站、香港联合交易所有限 公司网站、本公司网站、中国证券报、上海证券报、证券时报和证券日报。 会议召开时间：2025 年 ...

中煤能源公布3月份主要生产经营数据，商品煤销量2476万吨，同比增长3.3%。 ...

金融界4月16日消息，A股三大指数收盘涨跌不一，中证沪港深互联互通中小综合能源指数 (沪港深通中 小能源综合，H30468)报1901.11点。 数据统计显示，中证沪港深互联互通中小综合能源指数近一个月下跌6.73%，近三个月下跌6.43%，年 至今下跌10.19%。 据了解，中证沪港深行业指数系列将中证沪港深 500、中证沪港深互联互通中小综合以及中证沪港深互 联互通综合指数样本按行业分类标准分别分为 11 个行业，再以各行业全部证券作为样本编制指数，以 反映中证沪港深指数系列中不同行业公司证券的整体表现。该指数以2004年12月31日为基日，以1000.0 点为基点。 从指数持仓来看，中证沪港深互联互通中小综合能源指数十大权重分别为：中煤能源（8.65%）、永泰 能源（8.55%）、杰瑞股份（5.15%）、恒逸石化（3.64%）、平煤股份（3.57%）、美锦能源 （3.56%）、华阳股份（3.34%）、海油工程（3.31%）、新集能源（3.03%）、山煤国际（2.87%）。 从中证沪港深互联互通中小综合能源指数持仓的市场板块来看，上海证券交易所占比54.91%、深圳证 券交易所占比22.93%、香港证券交 ...

Summary of Conference Call Industry Overview - The conference call primarily discusses the coal industry, focusing on pricing trends, inventory levels, and market dynamics in both domestic and international contexts [1][2][3][4][5][6]. Key Points and Arguments 1. **Price Trends**: - As of the last week, port prices for coal have dropped to 688, with some prices falling below 686, indicating a continued downward trend [1]. - The price at the pit has seen a slight increase of 2% to 3% after significant previous declines, but overall, prices are still in a phase of gradual bottoming out without a clear upward trend [1][6]. 2. **Inventory Levels**: - High inventory levels at ports are contributing to the downward pressure on prices, with total inventory at northern ports reported at 3,111 million tons, down slightly from 3,158 million tons but still at historically high levels [5]. - Power plants are also experiencing high inventory levels, leading to a lack of purchasing activity [5][6]. 3. **Market Dynamics**: - There is a notable price inversion between pit and port prices, with pit prices around 740 while port prices remain below 690, leading to reduced shipping activity to ports [2]. - Internationally, Australian and Indonesian coal prices are stable or increasing, with Indonesian prices rising nearly 1% to 83.7 USD, but still showing a significant price inversion compared to domestic prices [3]. 4. **Policy and Regulation**: - There are rumors regarding potential restrictions on coal imports, but the likelihood of significant policy changes is considered low due to the ongoing focus on energy security [12][13]. - The discussion includes the impact of stricter inspections on imported coal, which may delay procurement but is not expected to significantly alter overall import volumes [15][16]. 5. **Future Outlook**: - The coal market is expected to remain weak in the short term, with prices likely to continue fluctuating downwards, although there is potential for a bottoming out phase to begin around late April to early May [22][24]. - Long-term investment in coal stocks, particularly in dividend-paying companies like China Shenhua and Northeast Energy, is recommended as a defensive strategy [23][24]. Other Important but Overlooked Content - The call highlights the cautious sentiment among power plants regarding future coal purchases, with expectations that long-term contracts will not be signed aggressively due to current market conditions [17][18]. - The potential for a price rebound is acknowledged, but it is suggested that any significant upward movement in coal prices will take time and may not occur until the market stabilizes [24]. - The focus on maintaining price stability through inventory management strategies by major coal companies is emphasized, indicating a strategic approach to mitigate price volatility [21][22].

下面有请郭总发言 谢谢 保持生产的基本稳定1到2月份的完成商品类产量2172万吨 同比月入减少18万吨完成商品类的销量3938万吨 同比减少52万吨完成矩形钉的产量24.6万吨 同比减少1.4万吨矩形钉销量21.3万吨 同比减少1万吨 完成尿柱的产量34.1万吨 同比增加5.3万吨尿柱胶量34.7万吨 同比增加8.8万吨完成甲醇产量34.2万吨 同比增加6.7万吨完成甲醇的胶量是34.7万吨 同比增加8.8万吨完成胶胺产量8万吨 同比减少0.1万吨胶量8.2万吨 同比斥平 农场单位产值完成16.2亿元,统计减少2.1亿元受今年以来主要产品价格下行影响 深度下跌整体来看呢这种下跌呢除常规的淡季因素外还主要是由供需错配库存积压进口煤冲击能源结构转型市场供销新衣品多方活力等多种因素共同作用的结果截至2月28日北方港5500大卡都以为建货价格是701元每尊交易月出下降了60元每尊交去年从需下降230元每尊降速在20% 进入三月份 特别是三月份中俄两会已经明确一系列稳增长政策包括上调目标财政赤字率增加超长期特别活战新增地方专项占发行额度进一步加大新旧动能转换支持地主促进房地产市场时间回轮等这些措施预计这些措施将进一步提 ...