股票代码：600123 股票简称：兰花科创 公告编号：临 2025-042 债券代码：138934 债券简称：23 兰创 01 债券代码：115227 债券简称：23 兰创 02 山西兰花科技创业股份有限公司 第八届董事会第七次会议决议公告 特别提示 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 担个别及连带责任。 一、董事会会议召开情况 山西兰花科技创业股份有限公司（以下简称"公司"）第八届董 事会第七次会议（以下简称"本次会议"）于 2025 年 10 月 17 日以电 子邮件和书面方式发出会议通知，并于 2025 年 10 月 29 日在公司六 楼会议室以现场方式召开。 本次会议应出席董事 8 名，实际出席董事 8 名，公司董事长赵 晨光先生主持本次会议，公司监事和高级管理人员列席了会议。本次 会议召开符合有关法律、行政法规、规范性文件和《公司章程》的规 定。 二、董事会会议审议情况 根据《中华人民共和国公司法》《上市公司章程指引》《上市公司 股东会规则》和《上海证券交易所股票上市规则》等法律法规及规范 性文件的相关规定，结合公司 ...

山西兰花科技创业股份有限公司董事会审计委员会工作细则 山西兰花科技创业股份有限公司 董事会审计委员会工作细则 （2025 年修订） 第一章 总 则 第一条 为明确山西兰花科技创业股份有限公司（以下简称"公 司"）董事会审计委员会的职责，规范工作程序，强化董事会决策功 能，做到事前审计、专业审计，确保董事会对经理层的有效监督，完 善公司治理结构，根据《中华人民共和国公司法》《上市公司治理准 则》《上海证券交易所股票上市规则》《上市公司独立董事管理办法》 《上海证券交易所上市公司自律监管指引第 1 号——规范运作》《上 市公司审计委员会工作指引》及《公司章程》等有关规定，结合公司 实际情况，制定本工作细则。 第二条 董事会审计委员会是董事会下设立的专门工作机构， 主要负责公司内、外部审计的沟通、监督和核查工作。 第二章 人员组成 第三条 审计委员会成员由三名委员组成，应当为不在公司担任 高级管理人员的董事，其中独立董事二名，并且至少有一名独立董事 为会计专业人士。 第四条 审计委员会委员人选，由董事长、二分之一以上独立董 事或者全体董事的三分之一以上提名，经董事会选举产生。 第五条 审计委员会设主任委员一名，由独 ...

山西兰花科技创业股份有限公司章程 山西兰花科技创业股份有限公司 第一章 总则 第二章 经营宗旨和范围 第三章 股份 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第四章 股东和股东会 第一节 股东 第二节 股东会的一般规定 第三节 股东会的召集 第四节 股东会的提案与通知 第五节 股东会的召开 第六节 股东会的表决和决议 第五章 党委 第六章 董事和董事会 第一节 董事 第二节 董事会 第三节 独立董事 第七章 高级管理人员 第八章 财务会计制度、利润分配和审计 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 第九章 通知与公告 第一节 通知 第二节 公告 山西兰花科技创业股份有限公司章程 章 程 二零二五年十月 1 山西兰花科技创业股份有限公司章程 目 录 2 第十章 合并、分立、增资、减资、解散和清算 第一节 合并、分立、增资和减资 第二节 解散和清算 第十一章 修改章程 第十二章 附则 3 山西兰花科技创业股份有限公司章程 第一章 总则 第一条 为建立现代企业制度，维护公司、股东、职工和债权人的合法权益， 规范公司的组织和行为，实现国有资产的保值增值，根据《中华人民共和 ...

山西兰花科技创业股份有限公司独立董事 关于聘任高级管理人员的独立意见 作为山西兰花科技创业股份有限公司（以下简称"公司"） 的独立董事，我们本着认真、负责的态度，依据中国证监会 《上市公司独立董事管理办法》《上海证券交易所股票上市 规则》《上海证券交易所上市公司自律监管指引第 1 号—— 规范运作》《公司章程》《独立董事制度》等有关规定，对公 司聘任毕琨先生为公司总经理事宜发表如下独立意见： 1、经对毕琨先生相关个人资料进行审核，我们认为其 具备法律、行政法规所规定的上市公司高级管理人员任职资 格，具备履行上市公司高级管理人员职责所必需的工作经验， 不存在《公司法》《证券法》等法律、法规规定的不得任职 的情形，未受过中国证监会及其他有关部门的处罚和证券交 易所的惩戒，符合相关法律法规和公司章程规定的任职条件。 2、公司提名和聘任毕琨先生为公司总经理的审议程序、 表决结果符合《公司法》《公司章程》的相关规定。 2025年10月29 日 综上，我们一致同意聘任毕琨先生为公司总经理。 （以下无正文） （以下无正文，为山西兰花科技创业股份有限公司独立 董事关于聘任高级管理人员独立意见签字页） 余春宏 郑 垲 梁龙虎 ...

Core Viewpoint - The coal mining sector experienced a decline of 1.16% on October 21, with Yanzhou Coal Mining Company leading the drop, while the overall Shanghai Composite Index rose by 1.36% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3916.33, up 1.36%, and the Shenzhen Component Index closed at 13077.32, up 2.06% [1] - The coal mining sector saw significant individual stock movements, with Daya Energy rising by 10.06% to a closing price of 7.99, while several other stocks also posted gains [1] Group 2: Trading Volume and Capital Flow - The coal mining sector had a net outflow of 1.01 billion yuan from main funds, while retail investors saw a net inflow of 528 million yuan [2][3] - The trading volume for Daya Energy reached 1.1459 million hands, with a transaction value of 911 million yuan, indicating strong investor interest [1] Group 3: Individual Stock Analysis - Major stocks in the coal mining sector included: - Daya Energy: Closing price 7.99, up 10.06%, with a transaction value of 911 million yuan [1] - Jiangte Equipment: Closing price 7.66, up 3.51%, with a transaction value of 218 million yuan [1] - New集 Energy: Closing price 7.15, up 2.44%, with a transaction value of 857 million yuan [1] - Conversely, stocks like 中煤能源 and 晋控煤业 saw declines of 3.10% and 2.95%, respectively, indicating mixed performance within the sector [2]

Group 1 - The core point of the article highlights the recent performance of Lanhua Ketech, which saw a 5.03% increase in stock price, reaching 7.10 CNY per share, with a trading volume of 654 million CNY and a turnover rate of 6.38%, resulting in a total market capitalization of 10.46 billion CNY [1] - Lanhua Ketech, established on December 8, 1998, and listed on December 17, 1998, is primarily engaged in the production and sales of coal, briquettes, chemical products, and building materials, with coal accounting for 73.82% of its main business revenue, followed by fertilizers at 16.84%, chemicals at 9.06%, and others at 0.29% [1] Group 2 - From the perspective of the top ten circulating shareholders, the China Merchants Fund has a fund that entered the top ten shareholders of Lanhua Ketech, specifically the China Merchants CSI Dividend ETF (515080), which acquired 9.0939 million shares, representing 0.62% of the circulating shares, with an estimated floating profit of approximately 3.0919 million CNY [2] - The China Merchants CSI Dividend ETF (515080) was established on November 28, 2019, with a current scale of 6.857 billion CNY, yielding 4.78% year-to-date, ranking 3908 out of 4219 in its category, and an annual return of 8.55%, ranking 3485 out of 3866, with a total return since inception of 104.76% [2] Group 3 - The fund managers of the China Merchants CSI Dividend ETF (515080) are Wang Ping and Liu Chongjie, with Wang having a cumulative tenure of 15 years and 125 days, managing a total fund size of 16.687 billion CNY, achieving a best return of 268.16% and a worst return of -70.61% during his tenure [3] - Liu Chongjie has a cumulative tenure of 7 years and 171 days, managing a total fund size of 31.428 billion CNY, with a best return of 104.76% and a worst return of -33.49% during his tenure [3]

Core Points - The stock of Shanxi Lanhua Technology Innovation Co., Ltd. (Lanhua Kecai) increased by 5.03% to 7.10 CNY per share, with a trading volume of 657 million CNY and a turnover rate of 6.41%, resulting in a total market capitalization of 10.46 billion CNY [1] - The company, established on December 8, 1998, and listed on December 17, 1998, primarily engages in the production and sales of coal, briquettes, chemical products, and building materials, with coal accounting for 73.82% of its main business revenue [1] Shareholder Information - Guotai Fund's Guotai Zhongzheng Coal ETF (515220) entered the top ten circulating shareholders of Lanhua Kecai in the second quarter, holding 13.72 million shares, which is 0.93% of the circulating shares, with an estimated floating profit of approximately 4.67 million CNY [2] - The Guotai Zhongzheng Coal ETF was established on January 20, 2020, with a current scale of 4.217 billion CNY, yielding 3.47% year-to-date and 2.93% over the past year, ranking 4011 out of 4219 and 3787 out of 3866 respectively [2] Fund Management - The fund manager of Guotai Zhongzheng Coal ETF is Wu Zhonghao, who has been in the position for 3 years and 267 days, managing a total fund size of 15.185 billion CNY, with the best fund return during his tenure being 65.59% and the worst being -12.85% [3]

Investment Rating - The investment rating for the coal industry is "Positive" (maintained) [1] Core Viewpoints - The report indicates that the prices of thermal coal and coking coal have reached a turning point, with thermal coal prices expected to rebound and stabilize above the long-term contract price of around 700 CNY per ton, with a potential target of 750 CNY per ton in 2025 [6][7][16] - The report highlights that the coal market is experiencing a significant price increase, with thermal coal prices rising to 748 CNY per ton as of October 17, 2025, marking a 6.1% increase from the previous period [6][20] - The investment logic is based on two main aspects: cyclical elasticity and stable dividends, suggesting that the coal sector is at a favorable entry point for investment [8][17] Summary by Sections Investment Logic - Thermal coal is categorized as a policy-driven commodity, with prices expected to recover to long-term contract levels due to the dual-track pricing mechanism [7][16] - Coking coal prices are more influenced by supply and demand fundamentals, with target prices set based on the ratio of coking coal to thermal coal prices [7][16] Market Performance - The coal index increased by 4.17% in the week, outperforming the CSI 300 index by 6.39 percentage points [11][28] - Major coal companies showed significant price increases, with the top performers being Dayou Energy (+53.13%), Zhengzhou Coal Electricity (+15.93%), and China Coal Energy (+11.68%) [11][28] Price Indicators - As of October 17, 2025, the Qinhuangdao Q5500 thermal coal price was 748 CNY per ton, reflecting a 6.1% increase [20] - The price of coking coal at Jingtang Port reached 1710 CNY per ton, up from 1630 CNY, indicating a 4.91% increase [21][23] Investment Recommendations - The report suggests four main lines for coal stock selection: cyclical logic (e.g., Jinko Coal and Yanzhou Coal), dividend logic (e.g., China Shenhua and Zhongmei Energy), diversified aluminum elasticity (e.g., Shenhua Holdings), and growth logic (e.g., Xinji Energy and Guanghui Energy) [8][17]

Market Overview - The Shanghai Composite Index fell by 0.62% on October 14, with 11 sectors experiencing gains, led by the banking and coal industries, which rose by 2.51% and 2.18% respectively [2] - The total net outflow of capital from the two markets was 936.16 billion yuan, with 8 sectors seeing net inflows, primarily in the banking sector, which had a net inflow of 17.25 billion yuan [2] Sector Performance - The coal industry saw a rise of 2.18%, with a total net inflow of 498 million yuan, and 36 out of 37 stocks in this sector increased in value, including 2 stocks that hit the daily limit [3] - The electronic sector experienced the largest net outflow of capital, totaling 299.10 billion yuan, followed by the non-ferrous metals sector with a net outflow of 132.14 billion yuan [2] Capital Flow in Coal Industry - Within the coal sector, the top three stocks by net inflow were Jiangxi Tungsten Industry with 152 million yuan, followed by Lu'an Environmental Energy with 121 million yuan, and Jinkong Coal Industry with 111 million yuan [3] - The stocks with the largest net outflows included Yongtai Energy, Shaanxi Coal and Chemical Industry, and Lanhua Sci-Tech, with outflows of 128 million yuan, 71.06 million yuan, and 59.19 million yuan respectively [3][4] Notable Stocks in Coal Sector - Jiangxi Tungsten Industry had a daily increase of 7.65% with a turnover rate of 9.28% and a net capital flow of 152.16 million yuan [3] - Other notable performers included Lu'an Environmental Energy with a 5.70% increase and a net inflow of 121.39 million yuan, and Jinkong Coal Industry with a 3.82% increase and a net inflow of 111.31 million yuan [3]

Core Points - The Shanghai Composite Index is at 3873.15 points, above the six-month moving average, with a decline of 0.42% [1] - The total trading volume of A-shares today is 20,878.49 billion yuan [1] - A total of 128 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Stocks with the highest deviation rates include: - Aienju (6.89% deviation, 9.39% increase, trading volume 22.19%) - Kaiteng Gas (4.10% deviation, 5.45% increase, trading volume 6.84%) - Huifeng Diamond (3.82% deviation, 10.50% increase, trading volume 19.75%) [1] - Other stocks that just crossed the six-month line include: - Two-sided Needle, China Merchants Securities, and Guangji Pharmaceutical with minimal deviation rates [1] Trading Data - The trading data for stocks that broke the six-month line includes: - Nanjing Public (4.20% increase, 4.78% trading volume, 6.46 yuan six-month line, 6.70 yuan latest price, 3.79% deviation) - Ji'an Medical (4.19% increase, 3.45% trading volume, 38.37 yuan six-month line, 39.79 yuan latest price, 3.70% deviation) [1] - The overall trading activity reflects a diverse range of stocks with varying performance metrics [1]