澳洲證券交易所、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 容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Yancoal Australia Ltd ACN 111 859 119 *ਨޜӎᴹ䲀࡙བྷ➔◣އ （於澳大利亞維多利亞州註冊成立的有限公司） （香港股份代號：3668） （澳洲股份代號：YAL） 自願公告 截至2025年12月31日止年度煤炭資源及煤炭儲量報表 截至2025年12月31日止年度兗煤澳洲集團按權益基準計的全年煤炭總儲量情況如 下： | | 2025年 | 2024年 | | | --- | --- | --- | --- | | | 12月31日 | 12月31日 | 變動% | | 煤炭資源探測量、標示量及推斷量1 2 | 4,400百萬噸 | 4,400百萬噸 | 0% | | 可採儲證實煤炭儲量及可能煤炭儲量1 2 | 850百萬噸 | 920百萬噸 | -7.6% | | 可銷售證實煤炭儲量及可能煤炭儲量1 2 | 640百萬噸 | 680百萬噸 | -5.9% ...

该集团自产煤的整体平均售价由2024年的176澳元╱吨下降 17%至 2025年的146澳元╱吨，主要由于全 球煤炭美元价格下降，而同期GCNewc动力煤指数每周平均价格下降30美元╱吨 (22%);同期API5指数每 周价格下降16美元╱吨(18%);及同期 Platts半软焦煤指数每周平均价格下降28美元╱吨(19%);部分被澳 元兑美元的汇率由 2024年的平均 0.6603贬值2%至2025 年的0.6449所抵销。动力煤的平均售价由160澳 元╱吨下降至136澳元╱吨，冶金煤的平均售价由276澳元╱吨下降至203澳元╱吨。 于2025年，归属于兖煤澳洲股东的利润4.40亿澳元受多个非经营项目影响。税前净亏损影响合共6200万 澳元，包括自对冲储备转回的公允价值亏损5100万澳元、或有特许权使用费付款4400万澳元、应收特许 权使用费重新计量亏损2500万澳元及收购莫拉本3.75%权益产生的500万澳元印花税，部分被或有特许 权使用费重新计量收益4100万澳元及唐纳森销售交易产生的收益净额 2200万澳元所抵销。 智通财经APP讯，兖煤澳大利亚(03668)公布2025年业绩，实现收入为59.49亿澳 ...

格隆汇2月25日丨兖煤澳大利亚(03668.HK)公布截至2025年12月31日止年度的年度業績，经营收入由 2024年的68.96亿澳元减少14%至2025年的59.10亿澳元，主要由于煤炭销售收入由2024年的67.66亿澳元 减少15%至2025年的57.79亿澳元所致。 所得税后利润由2024年的12.16亿澳元减少64%至2025年的4.40亿澳元，并完全归属于兖煤澳洲股东，且 不附带非控股权益。于2025年，归属于兖煤澳洲股东的利润4.40亿澳元受多个非经营项目影响。税前净 亏损影响合共6,200万澳元，包括自对冲储备转回的公允价值亏损5,100万澳元、或有特许权使用费付款 4,400万澳元、应收特许权使用费重新计量亏损2,500万澳元及收购莫拉本3.75%权益产生的500万澳元印 花税，部分被或有特许权使用费重新计量收益4,100万澳元及唐纳森销售交易产生的收益净额2,200万澳 元所抵销。拟宣派截至2025年12月31日止财政年度的末期现金股息约1.61亿澳元(即0.1220澳元／股)。 ...

澳洲證券交易所、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 容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 承董事會命 兗煤澳大利亞有限公司 董事長 茹剛 香港，2026年2月25日 Yancoal Australia Ltd ACN 111 859 119 *ਨޜӎᴹ䲀࡙བྷ➔◣އ （於澳大利亞維多利亞州註冊成立的有限公司） （香港股份代號：3668） （澳洲股份代號：YAL） 海外監管公告 本公告根據香港聯合交易所有限公司證券上市規則第13.10B條發出。 請參閱隨附公告，該公告由兗煤澳大利亞有限公司於2026年2月25日刊發於澳 洲證券交易所網站上。 截至本公告日期，執行董事爲岳寧先生，非執行董事爲茹剛先生、王九紅先生、 黃霄龍先生、趙治國先生及李昂先生，獨立非執行董事為Gregory James Fletcher 先生、Debra Anne Bakker女士及Peter Andrew Smith先生。 * 僅供識別 兗煤澳大利亞 2025年財務業績 2026年2月25日 重要通知及免責聲 ...

澳洲證券交易所、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 容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 Yancoal Australia Ltd ACN 111 859 119 *ਨޜӎᴹ䲀࡙བྷ➔◣އ （於澳大利亞維多利亞州註冊成立的有限公司） （香港股份代號：3668） （澳洲股份代號：YAL） 海外監管公告 本公告根據香港聯合交易所有限公司證券上市規則第13.10B條發出。 請參閱隨附公告，該公告由兗煤澳大利亞有限公司於2026年2月25日刊發於澳 洲證券交易所網站上。 承董事會命 兗煤澳大利亞有限公司 董事長 茹剛 香港，2026年2月25日 截至本公告日期，執行董事爲岳寧先生，非執行董事爲茹剛先生、王九紅先生、 黃霄龍先生、趙治國先生及李昂先生，獨立非執行董事為Gregory James Fletcher 先生、Debra Anne Bakker女士及Peter Andrew Smith先生。 * 僅供識別 2025年全年財務及生產業績 截至2025年12月31日止年度 2026 ...

澳洲證券交易所、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倚賴該等內容而引致的 任何損失承擔任何責任。 Yancoal Australia Ltd ACN 111 859 119 兗煤澳大利亞有限公司* （於澳大利亞維多利亞州註冊成立的有限公司） （香港股份代號：3668） （澳洲股份代號：YAL） 截至 2025 年 12 月 31 日止年度 的年度業績公告 末期分派及記錄日期 截至 2025 年 12 月 31 日止年度的年度業績 兗煤澳大利亞有限公司（「本公司」）董事會（「董事會」）欣然公佈本公司及其附屬公司截 至 2025 年 12 月 31 日止年度的經審計年度業績。年度業績已由本公司的審計與風險管理委員會 審閱，其認為業績的編製符合適用的會計準則及規定，且已作出充分披露。 本公告載有本公司截至 2025 年 12 月 31 日止年度的年度財務報告全文，符合《香港聯合交易所 有限公司證券上市規則》（「《上市規則》」）所規定的年度業績公告的披露要求。 末期分派 董事會向於 2026 ...

Investment Rating - The investment rating for the coal mining industry is "Positive" [2] Core Views - The report indicates that the coal industry is at the beginning of a new upward cycle, with a favorable combination of fundamentals and policies, making it a good time to invest in the coal sector [11][12] - The report highlights a significant increase in coal prices, with Qinhuangdao port's Q5500 coal price reaching 717 CNY/ton, up 24 CNY/ton week-on-week, driven by optimistic market expectations post-holiday and reduced supply from major coal-producing regions [11][30] - The report emphasizes the ongoing supply-demand balance in the short term, with a medium to long-term supply gap expected to persist, reinforcing the investment logic in coal assets [11][12] Summary by Sections 1. Coal Price Tracking - As of February 13, the market price for Qinhuangdao port's Q5500 coal is 717 CNY/ton, reflecting a week-on-week increase of 3.5% [6][30] - International coal prices have also risen, with Newcastle's FOB price for Q5500 coal at 81.5 USD/ton, up 6.5% week-on-week [6][30] 2. Coal Supply and Demand Tracking - The capacity utilization rate for sample thermal coal mines is 84.4%, down 3.1 percentage points week-on-week, while the utilization rate for coking coal mines is 81.39%, down 5.3 percentage points [11][49] - Daily coal consumption in inland provinces decreased by 10% week-on-week, while coastal provinces saw an 18.8% decline [11][50] 3. Coal Inventory Situation - Coal inventory in inland provinces increased by 1.854 million tons week-on-week, while coastal provinces saw a smaller increase of 0.235 million tons [50] 4. Investment Recommendations - The report suggests focusing on stable and high-performing companies such as China Shenhua, Shaanxi Coal, and others, while also considering companies with high elasticity like Yanzhou Coal and others [12]

Core Viewpoint - The Invesco Great Wall National Index Hong Kong Stock Connect Dividend Low Volatility ETF (159569) experienced significant net redemptions, indicating a potential shift in investor sentiment towards this fund [1][2]. Group 1: Fund Performance - As of February 12, the fund had a net redemption of 4.31 million yuan, ranking 14th out of 215 in cross-border ETF net outflows [1]. - The fund's latest size was 484 million yuan, down from 488 million yuan the previous day, with a net outflow representing 0.88% of the prior day's size [1]. - Over the past five days, the fund faced net redemptions totaling 8.49 million yuan, ranking 47th in cross-border ETF net outflows [1]. - Year-to-date, the fund's share count decreased by 4.30%, while its size increased by 3.82% [2]. Group 2: Trading Activity - The fund recorded a cumulative trading volume of 1.06 billion yuan over the last 20 trading days, with an average daily trading amount of 52.99 million yuan [2]. - Year-to-date, the cumulative trading amount reached 1.358 billion yuan, averaging 46.83 million yuan per day over 29 trading days [2]. Group 3: Fund Management - The current fund managers are Gong Lili and Wang Yang, with Gong managing the fund since August 29, 2024, achieving a return of 50.19%, while Wang has managed it since August 13, 2025, with a return of 7.19% [2]. Group 4: Holdings - The fund's top holdings include COSCO Shipping Holdings, Orient Overseas International, Yanzhou Coal Mining, and China Shenhua Energy, with respective holding percentages of 8.86%, 7.48%, 5.65%, and 3.63% [2].

Core Viewpoint - The Hong Kong Dividend Low Volatility ETF managed by Huatai-PB has experienced a decrease in both share count and total assets in 2025, indicating a potential decline in investor interest [1][2] Group 1: Fund Performance - The Hong Kong Dividend Low Volatility ETF (520890) closed at a gain of 0.99% on February 11, with a trading volume of 37.2364 million yuan [1] - The fund's management fee is set at 0.50% annually, while the custody fee is 0.10% annually [1] - The fund's performance benchmark is the Hang Seng Stock Connect High Dividend Low Volatility Index [1] Group 2: Fund Size and Liquidity - As of February 10, the fund's latest share count is 83.008 million, with a total size of 127 million yuan, reflecting a 12.63% decrease in shares and a 6.16% decrease in size since December 31, 2025 [1] - Over the last 20 trading days, the cumulative trading amount reached 595 million yuan, with an average daily trading amount of 29.7258 million yuan [1] - Year-to-date, the cumulative trading amount is 775 million yuan, with an average daily trading amount of 27.6773 million yuan [1] Group 3: Fund Holdings - The current fund manager is Li Qian, who has managed the fund since September 4, 2024, achieving a return of 52.12% during her tenure [2] - Major holdings include Shougang Resources (3.77%), Yancoal Australia (2.68%), and Hang Seng Bank (2.63%), among others, with specific holding values and percentages detailed [2]

Core Viewpoint - The coal stocks continue their recent upward trend, driven by supply reduction policies in Indonesia aimed at boosting coal prices [1] Group 1: Stock Performance - Mongolian Coal (00975) increased by 5.15%, reaching HKD 12.65 [1] - Yanzhou Coal (01171) rose by 4.38%, reaching HKD 13.36 [1] - Power Development (01277) gained 3.23%, reaching HKD 1.92 [1] - Yancoal Australia (03668) increased by 2.36%, reaching HKD 33.78 [1] - China Coal Energy (01898) rose by 2.11%, reaching HKD 12.58 [1] Group 2: Supply Reduction Policies - Indonesian mining officials announced a significant reduction plan, leading to a suspension of spot coal exports [1] - The production quotas issued to major miners in Indonesia were reduced by 40% to 70% compared to the full-year level of 2025, as part of a strategy to boost coal prices [1] Group 3: Price Trends - Longcheng Securities reported that the logic of supply contraction driving coal prices upward has been validated [1] - Domestic coal supply has rapidly contracted due to inspections of overproduction, with Qinhuangdao thermal coal prices rising from a low of RMB 609 per ton to RMB 834 per ton [1] - The overall trend of coal prices internationally mirrors that of the domestic market, with exporting countries like Indonesia aiming to raise prices to improve corporate performance and enhance fiscal health [1] - Current coal prices are still considered low, with a significant distance from reasonable price levels, indicating a potential for price increases driven by policy-induced supply reductions [1]