Financial Performance - Total revenue for Q3 2025 was CNY 7,052,109,988.46, a decrease of 10.31% compared to the same period last year[3] - Net profit attributable to shareholders was CNY 71,953,036.83, down 73.78% year-on-year[3] - The total profit for the year-to-date was CNY 714,749,681.17, reflecting a decline of 72.16% compared to the previous year[3] - Basic earnings per share for Q3 2025 was CNY 0.0033, a decrease of 73.39% from the same period last year[3] - The net profit attributable to shareholders for the year-to-date decreased by 86.48% compared to the same period last year[3] - Net profit for the first three quarters of 2025 was CNY 390.33 million, a decline of 78.5% from CNY 1.81 billion in 2024[22] - Operating profit for the first three quarters of 2025 was CNY 646.78 million, a decrease of 75.1% compared to CNY 2.59 billion in 2024[22] - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.009, down from CNY 0.066 in 2024[22] Revenue and Sales - For the period from January to September 2025, the company's electricity business generated 31.429 billion kWh and sold 29.812 billion kWh, resulting in revenue of 13.052 billion RMB[8] - The coal business produced 11.331 million tons of raw coal and sold 11.390 million tons, with external sales accounting for 7.4902 million tons and internal sales for 3.9003 million tons, generating revenue of 4.213 billion RMB[8] - The company achieved total revenue of 17.728 billion RMB, with a total profit of 715 million RMB and a net profit attributable to shareholders of 198 million RMB, alongside a net cash flow from operating activities of 4.450 billion RMB[8] - Total operating revenue for the first three quarters of 2025 was CNY 17.73 billion, a decrease of 20.5% compared to CNY 22.38 billion in the same period of 2024[21] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date was CNY 4,449,714,260.00, a decrease of 7.51% compared to the previous year[3] - The company’s cash flow from operating activities was notably strong at 4.450 billion RMB, indicating robust operational efficiency[8] - The cash inflow from operating activities was CNY 18,914,517,577.68, a decrease of 10.5% compared to CNY 21,154,099,572.98 in the same period of 2024[24] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 4,449,714,260.00, down from CNY 4,810,870,895.48 in 2024, reflecting a decline of 7.5%[24] - The cash and cash equivalents at the end of the third quarter of 2025 amounted to CNY 1,248,543,686.16, a decrease from CNY 1,271,326,230.73 at the end of the same period in 2024[25] Assets and Liabilities - Total assets at the end of the reporting period were CNY 108,332,801,905.76, an increase of 0.52% from the end of the previous year[3] - The company reported a total asset of CNY 108.33 billion, an increase from CNY 107.78 billion in the previous period[19] - Total liabilities amounted to CNY 56.23 billion, slightly up from CNY 55.74 billion in the previous period[19] - Current liabilities increased to CNY 26.99 billion, compared to CNY 24.59 billion in the previous period, reflecting a rise of 9.8%[19] - Long-term borrowings decreased to CNY 13.83 billion from CNY 15.06 billion, a reduction of 8.2%[19] Operational Efficiency - The company implemented significant equipment upgrades, resulting in a 65.53% reduction in equipment defects and achieving historical best rates for defect elimination and timeliness[10] - The company’s coal-fired power plants maintained high generation levels during the summer peak, contributing to local power supply stability while achieving good economic benefits[10] - The coal business has improved coal recovery rate by 1.05% in Q3 compared to Q2, enhancing overall efficiency[11] Innovations and Projects - The company’s Singapore subsidiary developed a new solid-state cathode material that can reduce electrolyte costs by 40%-60% compared to traditional methods, with potential further reductions[11] - The 1.2 generation 32kW stack product is set to achieve national certification in April 2024, with energy efficiency exceeding 80%[12] - The Haizetang coal mine project has completed 70% of its second-phase construction by September 2025, with plans for trial production to start in July 2026[13] - The company has established a total of 26 energy storage patents by September 2025, reflecting significant innovation in vanadium flow battery technology[12] Investments and Acquisitions - The company has completed a capital increase of USD 2.19 million for its subsidiary Huaxin Energy (Australia) in August 2025[15] - The company acquired a 24.4952% stake in Shanxi Lingshi Xinyi Tianyue Coal Industry Co., Ltd. for CNY 240 million in July 2025[16] Tax and Expenses - The company received CNY 35,303,183.43 in tax refunds during the first three quarters of 2025, slightly down from CNY 37,114,511.67 in 2024[24] - The cash outflow for purchasing goods and services was CNY 9,240,234,086.68 in 2025, down from CNY 10,708,872,732.14 in 2024, indicating a decrease of 13.7%[24] - The cash paid to employees was CNY 2,111,655,840.33 in 2025, a decrease from CNY 2,310,765,325.45 in 2024, reflecting a decline of 8.6%[24]

Core Viewpoint - Yongtai Energy reported a decline in both revenue and net profit for the third quarter of 2025, indicating significant financial challenges faced by the company [1] Financial Performance - In Q3 2025, Yongtai Energy achieved a revenue of 7.052 billion yuan, a year-on-year decrease of 10.31% [1] - The net profit attributable to shareholders was 71.953 million yuan, down 73.78% year-on-year [1] - Basic earnings per share for Q3 2025 were 0.0033 yuan [1] Year-to-Date Performance - For the first three quarters of 2025, the company reported a total revenue of 17.728 billion yuan, reflecting a year-on-year decline of 20.77% [1] - The net profit attributable to shareholders for the first three quarters was 198 million yuan, a decrease of 86.48% compared to the previous year [1] - Basic earnings per share for the first three quarters were 0.009 yuan [1]

Core Insights - The average stock price of A-shares is 14.06 yuan, with 28 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1][2] - Among the low-priced stocks, 12 are ST stocks, accounting for 42.86% of the total [1] - In terms of market performance, 11 of the low-priced stocks increased in price, with HNA Holding, ST Lingnan, and Jin Zheng Da showing the highest gains of 3.55%, 2.58%, and 1.68% respectively [1] Low-Priced Stocks Overview - The lowest priced stock is *ST Gao Hong at 0.38 yuan, followed by *ST Yuan Cheng at 0.86 yuan and *ST Su Wu at 0.96 yuan [1] - The daily performance of low-priced stocks shows that 11 stocks increased while 11 decreased, with *ST Yuan Cheng, ST Jing Lan, and ST Ming Cheng experiencing the largest declines of 4.44%, 2.25%, and 1.60% respectively [1] - The table of low-priced stocks includes various sectors such as telecommunications, construction decoration, pharmaceuticals, real estate, and steel [1][2]

永泰能源集团股份有限公司 董事会议事规则 为了进一步规范本公司董事会的议事方式和决策程序，促使董事和董事会有 效地履行其职责，提高董事会规范运作和科学决策水平，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》)、 《上市公司治理准则》《上海证券交易所股票上市规则》和《永泰能源集团股份 有限公司章程》（以下简称《公司章程》）等有关规定，制订本规则。 第二条 董事会工作管理部门 董事会下设董事会工作管理部门，处理董事会日常事务。 董事会秘书分管或兼任董事会工作管理部门负责人，保管董事会印章。证券 事务代表协助董事会秘书履行职责，并根据董事会秘书的授权管理公司的证券事 务。 第三条 定期会议 董事会会议分为定期会议和临时会议。 董事会每年召开半年度和年度两次定期会议。 第四条 定期会议的提案 在发出召开董事会定期会议的通知前，董事会工作管理部门应当充分征求各 董事的意见，初步形成会议提案后交董事长拟定。 （经 2025 年 10 月 28 日公司 2025 年第二次临时股东大会审议修订） 第一条 宗旨 董事长在拟定提案前，应当视需要征求总经理和其他高级管理人员的意见 ...

永泰能源集团股份有限公司章程 二 ○ 二 五 年 十 月 | | | | 第一章 | 总 | 则 | 1 | | --- | --- | --- | --- | | 第二章 | | 经营宗旨和范围 | 2 | | 第三章 | 股 | 份 | 2 | | 第一节 | | 股份发行 | 2 | | 第二节 | | 股份增减和回购 | 3 | | 第三节 | | 股份转让 4 | | | 第四章 | | 股东和股东会 5 | | | 第一节 | | 股东的一般规定 5 | | | 第二节 | | 控股股东和实际控制人 7 | | | 第三节 | | 股东会的一般规定 8 | | | 第四节 | | 股东会的召集 10 | | | 第五节 | | 股东会的提案与通知 11 | | | 第六节 | | 股东会的召开 12 | | | 第七节 | | 股东会的表决和决议 14 | | | 第五章 | 党 | 委 17 | | | 第一节 | | 党委和纪委 17 | | | 第二节 | | 党委职权 18 | | | 第三节 | 纪委职权 18 | | --- | --- | | 第六章 | 董事会 19 | | 第一节 ...

永泰能源集团股份有限公司 募集资金管理及使用制度 （经 2025 年 10 月 28 日公司 2025 年第二次临时股东大会审议修订） 公司发现控股股东、实际控制人及其他关联人占用募集资金的，应当及时 要求归还，并披露占用发生的原因、对公司的影响、清偿整改方案及整改进展 情况。 1 第五条 公司董事会应当持续关注募集资金存放、管理和使用情况，有效防 范投资风险，提高募集资金使用效益。公司董事和高级管理人员应当勤勉尽责， 督促公司规范使用募集资金，确保公司募集资金安全，不得参与、协助或纵容 公司擅自或变相改变募集资金用途。 第六条 公司控股股东、实际控制人及其他关联人不得直接或者间接占用或 者挪用公司募集资金，不得利用公司募集资金及募投项目获取不正当利益。 第二条 本制度所称募集资金系指公司通过向不特定对象发行证券（包括首 次公开发行股票、配股、增发、发行可转换公司债券、发行分离交易的可转换 公司债券等）以及向特定对象发行证券向投资者募集的资金，但不包括公司实 施股权激励计划募集的资金。募集资金投资项目（以下简称"募投项目"）通过 公司的子公司或者公司控制的其他企业实施的，应确保该子公司或者受控制的 其他企业应 ...

（经 2025 年 10 月 28 日公司 2025 年第二次临时股东大会审议修订） 永泰能源集团股份有限公司 股东会议事规则 第一章 总 则 第一条 为规范公司行为，保证股东会依法行使职权，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》)、《上市公司股东会规则》以及其他相关法律法规和《永泰能源集团股份 有限公司章程》（以下简称《公司章程》）的规定，制定本规则。 第二条 公司应当严格按照法律、行政法规、《公司章程》及本规则的相关 规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当 勤勉尽责，确保股东会正常召开和依法行使职权。 第二章 股东会的一般规定 第三条 股东会是公司的权力机构，依法行使下列职权： （1）公司及公司控股子公司的对外担保总额，超过最近一期经审计净资产 的 50%以后提供的任何担保； （2）公司的对外担保总额，超过最近一期经审计总资产的 30%以后提供的 任何担保； （3）公司在一年内担保金额超过公司最近一期经审计总资产 30%的担保； （4）为资产负债率超过 70%的担保对象提供 ...

上海市锦天城律师事务所 关于永泰能源集团股份有限公司 2025 年第二次临时股东大会的 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 楼 电话：021-20511000 传真：021-20511999 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于永泰能源集团股份有限公司 2025 年第二次临时股东大会的 法律意见书 致：永泰能源集团股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受永泰能源集团股份有限公 司（以下简称"公司"）委托，就公司召开 2025 年第二次临时股东大会（以下简 称"本次股东大会"）的有关事宜，根据《中华人民共和国公司法》（以下简称《公 司法》）等法律、法规、规章和其他规范性文件以及《永泰能源集团股份有限公 司章程》（以下简称《公司章程》）的有关规定，出具本法律意见书。 为出具本法律意见书，本所及本所律师依据《律师事务所从事证券法律业务 管理办法》和《律师事务所证券法律业务执业规则（试行）》等规定，严格履行 了法定职责，遵循了勤勉尽责和诚实信用原则，对本次股东大会所涉及的相关事 项进行了必要的核查和验证，核查 ...

(一)股东大会召开的时间：2025 年 10 月 28 日 (二)股东大会召开的地点：山西省太原市小店区亲贤北街 9 号双喜广场 26 层 公司会议室 (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： | 1．出席会议的股东和代理人人数 | 5,674 | | --- | --- | | 2．出席会议的股东所持有表决权的股份总数（股） | 4,597,933,185 | | 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 | 21.0742 | | 份总数的比例（%） | | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 证券代码：600157 证券简称：永泰能源 公告编号：临 2025－053 永泰能源集团股份有限公司 2025年第二次临时股东大会决议公告 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个别及连带责任。 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 本次股东大会采取现场记名投票和网络投票相结合的表决方式，现场会议由 公司常务副董事长窦红平先生主持 ...

Summary of Key Points Core Viewpoint - The average stock price of A-shares is 13.94 yuan, with 26 stocks priced below 2 yuan, the lowest being *ST Gao Hong at 0.38 yuan [1][2] Group 1: Market Performance - As of October 27, the Shanghai Composite Index closed at 3996.94 points, with a notable presence of low-priced stocks in the market [1] - Among the low-priced stocks, 5 stocks increased in price, with Rongsheng Development, Chongqing Steel, and Shandong Steel showing gains of 1.23%, 0.66%, and 0.61% respectively [1] - Conversely, 14 stocks declined, with *ST Yuan Cheng, *ST Yun Wang, and *ST Su Wu experiencing the largest drops of 5.00%, 4.98%, and 4.72% respectively [1] Group 2: Low-Priced Stocks Overview - There are 26 stocks priced below 2 yuan, with 11 of them classified as ST stocks, representing 42.31% of the low-priced stocks [1] - The lowest priced stock is *ST Gao Hong at 0.38 yuan, followed by *ST Yuan Cheng at 0.95 yuan and *ST Su Wu at 1.01 yuan [1] - The table of low-priced stocks includes various sectors such as telecommunications, construction decoration, and pharmaceuticals, indicating a diverse industry representation among low-priced stocks [1][2]