Core Viewpoint - The Henan state-owned enterprise reform sector experienced a slight increase of 0.45% on February 11, with YN Holdings leading the gains, while the overall market showed mixed results with the Shanghai Composite Index up by 0.09% and the Shenzhen Component Index down by 0.35% [1]. Group 1: Market Performance - The closing price of YN Holdings was 7.54, reflecting a significant increase of 10.07% with a trading volume of 128,800 shares and a transaction value of 97.11 million yuan [1]. - Other notable performers included Xinxiang Chemical Fiber, which closed at 7.17 with a rise of 2.58%, and Shenma Co., which saw a 1.41% increase to close at 8.65 [1]. - The overall performance of the Henan state-owned enterprise reform sector was mixed, with some stocks experiencing gains while others faced declines [1]. Group 2: Capital Flow - The main capital flow for the Henan state-owned enterprise reform sector showed a net outflow of 166 million yuan from institutional investors, while retail investors saw a net inflow of 239 million yuan [2]. - The detailed capital flow indicated that YN Holdings had a net inflow of 43.79 million yuan from institutional investors, but a net outflow of 22.64 million yuan from retail investors [3]. - Other companies like Xinxiang Chemical Fiber and Tai Long Pharmaceutical also experienced varied capital flows, with institutional and retail investors showing different trends in their investments [3].

河南陆达律师事务所关于 郑州煤电股份有限公司 2026年第一次临时股东会 河南陆达 二〇 郑州煤电 2026 年第一次临时股东会 陆达律所法律意见书 河南陆达律师事务所关于郑州煤电股份有限公司 2026 年第一次临时股东会的法律意见书 （2026）陆法意见字 005 号 致：郑州煤电股份有限公司 河南陆达律师事务所（以下简称本所）接受郑州煤电股份有限公 司（以下简称公司）的委托，指派武芳芳、张永权律师（以下简称经 办律师）参加公司 2026 年第一次临时股东会（以下简称本次股东会） 并进行见证。 经办律师根据《中华人民共和国公司法》（以下简称《公司法》）、 《中华人民共和国证券法》（以下简称《证券法》）及中国证券监督 管理委员会《上市公司股东会规则》（以下简称《股东会规则》）等 法律、法规、规范性文件及《郑州煤电股份有限公司章程》（以下简 称《公司章程》）的有关规定，出具本法律意见书。 的法律意见书 完整，所发表的结论性意见合法、准确，不存在虚假记载、误导性陈 述或者重大遗漏，并承担相应法律责任。 一、关于本次股东会的召集和召开程序 （一）本次股东会的召集 根据本次股东会会议通知，本次股东会由公司董事会召集。 ...

证券代码：600121 证券简称：郑州煤电 公告编号：临 2026-009 郑州煤电股份有限公司 2026年第一次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 769 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 639,845,895 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 52.5147 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集，以现场投票和网络投票相结合的表决方式召开， 董事长余乐峰先生主持，会议的召集、召开程序，出席人员资格、召集人资格及 (一) 股东会召开的时间：2026 年 2 月 10 日 (二) 股东会召开的地点：郑州市中原西路 66 号公司本部 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 表决 ...

Investment Rating - The industry investment rating is optimistic [1] Core Viewpoints - The coal price is expected to maintain a narrow fluctuation due to the dual weakness in supply and demand before the Spring Festival, but the certainty of supply contraction and rigid demand will offset each other, limiting the downward space for coal prices [4][12] - The market for thermal coal is experiencing a supply contraction, with prices showing a slight decline, while the demand remains supported by heating needs due to cold weather [11][12] - The coking coal market is seeing marginal adjustments in supply and demand, with prices fluctuating, and the overall supply remains tight [23][24] Summary by Sections Market Performance - The A-share market is experiencing overall fluctuations, with the coal sector outperforming the index, as funds shift from high-valuation technology and precious metals to low-valuation, high-prosperity sectors like consumption and aviation services [5][36] - The average daily trading volume in the market is 2.41 trillion yuan, indicating high market activity despite increased volatility [5] Thermal Coal - The supply-demand structure for thermal coal is improving, with supply constraints from major production areas due to safety regulations and the upcoming Spring Festival [11][12] - Prices for thermal coal are showing a mixed trend, with slight increases at ports and declines in some production areas [12][13] - The average price for Shanxi Datong thermal coal (Q5500) is 565 yuan/ton, down 7 yuan from the previous week [13] Coking Coal - The coking coal market is experiencing a mixed price trend, with some prices declining while others remain stable [24][25] - The average price for Shanxi Gujiao No. 2 coking coal is reported at 1250 yuan/ton, down 64 yuan from the previous week [25] - The overall supply remains tight, with independent coking plants showing a slight increase in operating rates [23][24] Shipping Situation - The shipping situation shows an increase in volume but a decrease in price, with various routes experiencing slight declines in shipping costs [33] Industry News - Significant collaborations are being established in the coal industry, such as the resource exchange agreement between Shaanxi Coal and Yanchang Petroleum [34] - The coal industry is undergoing a transformation towards a dual focus on raw materials and fuel, with policies aimed at controlling coal consumption in key regions [34]

格隆汇2月9日｜A股市场煤炭股普涨，其中，新大洲A涨停，云维股份涨近4%，宝泰隆、江钨装备、郑 州煤电涨超2%。 | 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 000571 | 新大洲A | | 9.93 | 56.64亿 | 15.19 | | 600725 | 云维股份 | | 3.71 | 58.54 乙 | 13.64 | | 601011 | 宝泰隆 | 本 | 2.87 | 68.77亿 | 5.59 | | 600397 | 江钨装备 | | 2.82 | 112亿 | 48.68 | | 600121 | 郑州煤电 | | 2.78 | 54.10亿 | 6.47 | | 600403 | 大有能源 | | 1.84 | 172亿 | 3.30 | | 600758 | 辽宁能源 | | 1.83 | 51.43亿 | 6.87 | | 000723 | 美锦能源 | 单 | 1.83 | 221亿 | 6.81 | | 601225 | 陕西煤业 | 1 | 1.72 | 2177亿 ...

Group 1 - The coal sector experienced a significant upward movement on February 9, with notable stocks such as New Dazhou A hitting the daily limit, while others like Baotailong, Zhengzhou Coal Electricity, Meijin Energy, Liaoning Energy, and Huadian Energy also saw gains [2]

Group 1 - The A-share market showed recovery with the Shanghai Composite Index returning to 4100 points, closing up 0.85% while the Shenzhen Component Index rose 0.21% and the ChiNext Index fell 0.4% [1] - The coal energy sector performed exceptionally well, with multiple stocks hitting the daily limit up, including Yanzhou Coal Mining Company, Meijin Energy, and Shanxi Coking Coal [1][2] - The coal mining and processing sector saw an overall increase of 7.92%, with several stocks achieving limit up, indicating strong market interest and performance [2] Group 2 - Recent cold weather has increased energy demand for heating, prompting local governments to enhance energy supply measures, which supports coal production and supply stability [3] - Analysts are optimistic about coal prices stabilizing and rebounding, with expectations of increased demand post-Chinese New Year, suggesting a tight supply-demand balance [3] - The coal ETF has risen over 10% year-to-date, reflecting strong investor interest and net inflows over the past four days [4] Group 3 - International thermal coal prices have significantly increased, with Australian Newcastle coal futures reaching a one-year high, indicating a bullish trend in the market [5] - Forecasts for the coal industry suggest a notable improvement in profitability by 2026, driven by a slowdown in supply growth and recovery in demand [5]

Group 1 - The article highlights a significant reduction in coal production quotas by the Indonesian government, which aims to boost coal prices by decreasing export volumes by 40% to 70% for major miners by 2025 [5] - Additionally, the Indonesian government plans to impose an export surcharge, which may further weaken the profitability of the coal industry [5] Group 2 - The article lists several companies involved in coal mining, coal chemical, and coal-electricity integration, including China Shenhua, Zhengzhou Coal Electricity, and Yanzhou Coal Mining [8][9]

Group 1 - The coal mining sector experienced a decline of 0.19% on February 3, with Haohua Energy leading the drop [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] - Key stocks in the coal mining sector showed varied performance, with Jiangte Equipment rising by 6.93% and China Shenhua falling by 1.52% [2] Group 2 - The coal mining sector saw a net outflow of 400 million yuan from major funds, while retail investors contributed a net inflow of 301 million yuan [2] - Major funds showed a mixed trend, with Shaanxi Coal and Chemical Industries receiving a net inflow of 42.73 million yuan, while Jiangte Equipment faced a net outflow of 52.98 million yuan [3] - Retail investors favored stocks like SuNeng Co., which had a net inflow of 357.83 million yuan, despite overall sector challenges [3]

Core Viewpoint - Zhengzhou Coal Electricity (600121) is establishing a financial shared service center by 2025, leveraging industrial internet and big data technologies to enhance its financial operations [1] Group 1: Financial Shared Service Center - The financial shared service center will utilize a specialized financial sharing system to cover various financial operations of the company [1] - The digital transformation efforts are ongoing, focusing on deepening and upgrading the company's financial processes [1] - The unified financial shared center will facilitate financial work across various grassroots units through network connectivity [1]