证券之星消息，12月5日煤炭开采板块较上一交易日上涨0.12%，电投能源领涨。当日上证指数报收于 3902.81，上涨0.7%。深证成指报收于13147.68，上涨1.08%。煤炭开采板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002128 | 电投能源 | 28.60 | 6.96% | 28.32万 | 7.96亿 | | 600397 | 江钨装备 | 6.72 | 5.00% | 26.64万 | 1.76亿 | | 600157 | 永泰能源 | 1.66 | 3.11% | 762.89万 | 12.45 Z | | 600758 | 辽宁能源 | 4.02 | 2.29% | 1 22.20万 | 8841.70万 | | 000571 | 新大洲A | 6.37 | 1.59% | 91.37万 | 5.81亿 | | 600575 | 淮河能源 | 3.63 | 0.83% | 33.97万 | 1.23亿 | | 600997 | 开滦股份 | 6. ...

研究早观点 国内市场主要指数 2025 年 12 月 5 日 星期五 | 指数 | | 收盘 | 涨跌幅% | | --- | --- | --- | --- | | 上证指数 | | 3,875.79 | -0.06 | | 深证成指 | | 13,006.72 | 0.40 | | 沪深 | 300 | 4,546.57 | 0.34 | | 中小板指 | | 7,904.33 | 0.26 | | 创业板指 | | 3,067.48 | 1.01 | | 科创 | 50 | 1,326.16 | 1.36 | | 资料来源：常闻 | | | | 分析师： 彭皓辰 执业登记编码：S0760525060001 邮箱：penghaochen@sxzq.com 【今日要点】 【行业评论】通信：周跟踪（20251124-20251130）-商业航天有望迎来 规模化发展的关键拐点 市场走势 资料来源：常闻 【行业评论】太阳能：202511 光伏行业月度报告-10 月光伏新增装机 同比下降 38.3%，组件逆变器出口同增环降 【公司评论】永泰能源(600157.SH)：海则滩煤矿工程进度提前，新回 购案有望助推公司价 ...

Investment Rating - The report maintains a "Buy" rating for Yongtai Energy (600157.SH) [2] Core Views - The company has initiated a share repurchase plan, aiming to buy back A-shares worth between 300 million to 500 million RMB, which is expected to enhance market confidence and optimize the capital structure [9] - Yongtai Energy has been included in the CSI A500 Index, highlighting its leading position and investment value, which may attract more long-term investors [9] - The construction progress of the Haizetan coal mine is ahead of schedule, with expected production capacity reaching 10 million tons per year by 2027 [9] - The report projects net profits for 2025, 2026, and 2027 to be 348 million, 972 million, and 1.524 billion RMB respectively, reflecting a slight adjustment from previous forecasts [9] Financial Data Summary - Total shares outstanding: 21,817.76 million [7] - Current price: 1.61 RMB [2] - Market capitalization: 35,999.31 million RMB [7] - Revenue forecast for 2024, 2025, 2026, and 2027: 28,357 million, 25,143 million, 27,193 million, and 28,714 million RMB respectively [7] - Net profit forecast for 2024, 2025, 2026, and 2027: 1,561 million, 348 million, 972 million, and 1,524 million RMB respectively [7] - Gross margin for 2024, 2025, 2026, and 2027: 25.1%, 19.7%, 23.0%, and 24.2% respectively [7] - Return on equity for 2024, 2025, 2026, and 2027: 3.3%, 0.7%, 2.0%, and 3.1% respectively [7]

山西证券研报指出，永泰能源海则滩煤矿工程进度提前，新回购案有望助推公司价值回归。根据公告， 海则滩煤矿项目二期工程已临近尾声，较工程建设计划进度提前。本次回购彰显公司信心，也有利于增 强公众投资者对公司的信心。考虑到公司海则滩煤矿建设进度提前和新的回购计划实施，预计公司 2025-2027年归母净利分别为3.78/7.57/16.60亿元。公司坚持"煤电为基、储能为翼"的发展战略，近期被 纳入中证A500指数，且公司重视股东合理回报，维持"增持-A"投资评级。 ...

| 市场数据：2025 年 12 | | 月 3 | 日 | | | --- | --- | --- | --- | --- | | 收盘价（元/股）： | | | | 1.65 | | 年内最高/最低（元/ | | | 2.14/1.25 | | | 股）： | | | | | | 流通 股/总股本（亿 A | | | | 218.18/218.18 | | 股）： | | | | | | 流通 A | 股市值（亿元）： | | | 359.99 | | 总市值（亿元）： | | | | 359.99 | 基础数据：2025 年 9 月 30 日 | 基本每股收益(元/股)： | 0.01 | | --- | --- | | 摊薄每股收益(元/股)： | 0.01 | | 每股净资产(元/股)： | 2.39 | | 净资产收益率(%)： | 0.75 | | 资料来源：常闻 | | 邮箱：hubo1@sxzq.com 炼焦煤 永泰能源（600157.SH） 增持-A(维持) 海则滩煤矿工程进度提前，新回购案有望助推公司价值回归 2025 年 12 月 4 日 公司研究/公司快报 投资要点 事件 1：近日公 ...

开源证券研报指出，近期，永泰能源披露公告，其一为海则滩煤矿项目建设进展超预期，其二为拟3-5 亿元回购公司股份用于注销。两大举措分别从业务发展与资本运作层面释放积极信号，彰显公司长期发 展信心。维持2025-2027年盈利预测，预计2025-2027年归母净利润为5.8/10.5/14.7亿元，同 比-62.6%/+79.9%/+40.2%；EPS为0.03/0.05/0.07元，对应当前股价PE为61.4/34.1/24.3倍，海则滩煤矿建 设提速，为公司长期发展注入动力，维持"增持"评级。 ...

巅峰对决，千余家单位竞逐荣誉。此次评比堪称电力行业安全文化建设的"巅峰对决"，吸引了国家电 网、南方电网、各大发电集团及电建单位等行业主力，参赛单位数量达1396家。历经初审、复审及现场 答辩评审等多轮考核，最终仅238家单位获此殊荣。在永泰能源集团股份有限公司的大力支持和全程指 导下，沙洲电力凭借鲜明的安全文化建设特色、扎实的落地成效，赢得了评审专家的一致认可与高度赞 誉。这份荣誉的背后，是全体沙洲人对"安全第一、预防为主、综合治理"理念的坚守与践行。 近日，从中国电力设备管理协会传来喜报：永泰能源（600157.SH）旗下张家港沙洲电力有限公司凭借 扎实的安全文化建设成果、完善的管理体系与创新的实践举措，在"电力安全文化建设精品工程"评比中 脱颖而出，成功获评二等奖，用实力彰显了沙洲电力在安全管理领域的深厚积淀与卓越成效。此次获 奖，是永泰能源企业安全文化的缩影，更折射出公司电力业务对安全生产的追求，在能源保供与安全运 营并重的时代命题下，为行业提供了可借鉴的范本。 多维发力，筑牢安全文化根基。申报评审过程中，沙洲电力全面展现了安全文化建设的多维成果。组织 保障上，构建了"全员参与、层层负责"的安全责任体 ...

Core Viewpoint - Yongtai Energy has announced a significant share buyback plan, aiming to repurchase A-shares worth between 300 million to 500 million yuan at a price not exceeding 2.50 yuan per share, with all purchased shares to be canceled to reduce capital [1][2][3] Financial Performance - For the first three quarters of 2025, Yongtai Energy reported total revenue of 17.728 billion yuan and a net profit attributable to shareholders of 198 million yuan [3][4] - The company achieved a record high power generation of 13.535 billion kWh in the third quarter, marking an 11.65% year-on-year increase [4] Business Operations - The power business is a core segment for Yongtai Energy, contributing significantly to its financial performance, with gross profit from this segment increasing by 26.48% to 2.656 billion yuan [4] - The coal production also showed resilience, with a third-quarter output of 4.4179 million tons, reflecting a 12.02% year-on-year growth [4] Strategic Initiatives - The company is focusing on multi-business collaboration, with ongoing projects such as the Hai Zhe Tan coal mine construction and advancements in energy storage technology [4] - Yongtai Energy has accumulated 26 patents related to energy storage, with significant projects like the 1.5MW/6MWh integrated vanadium battery energy storage station operational for a year, generating substantial savings [4]

Group 1: Wind Power Industry - The domestic wind power demand is stable, driven by the "dual carbon" goals and the 2035 plan for 360 GW of installed capacity, with a projected addition of 86.99 GW in 2024 and a total of 272.1 GW from 2021 to 2024, significantly higher than the 145.5 GW added during the 13th Five-Year Plan period [7][8][9] - The "15th Five-Year Plan" aims for annual new installed capacity of no less than 120 GW, with offshore wind power expected to contribute at least 15 GW annually, indicating a robust growth trajectory for the wind power sector [7][8] - The industry is recovering from price wars, with a 9% increase in the average bid price for onshore wind projects in 2025 compared to 2024, suggesting improved profitability for wind turbine manufacturers [9] Group 2: Retail Industry - The retail sector is slowly recovering in 2025, with segments like high-end gold and fashion jewelry experiencing higher demand due to rising gold prices, while cosmetics and medical aesthetics face intense competition [13][15] - "Emotional consumption" is identified as a key driver of market dynamics, with a focus on brands that can leverage consumer insights and differentiate their products [13][15] - Investment strategies should prioritize high-quality segments with both short-term recovery potential and long-term growth prospects, emphasizing companies with competitive advantages and brand strength [13][15] Group 3: Coal Mining Industry - Yongtai Energy's Hai Zetan coal mine project is progressing ahead of schedule, with plans to repurchase shares worth 300-500 million yuan for cancellation, signaling confidence in long-term growth [20][21][22] - The Hai Zetan project has significant resource advantages, with reserves of 1.145 billion tons and a planned production capacity of 6 million tons per year, expected to reach 10 million tons annually upon completion [21][22] - The company maintains profit forecasts for 2025-2027, projecting net profits of 580 million, 1.05 billion, and 1.47 billion yuan, respectively, with a corresponding EPS of 0.03, 0.05, and 0.07 yuan [20][21] Group 4: Chemical Industry - Wankai New Materials is advancing its rPET and oxalic acid projects, which are expected to drive diversified growth, maintaining a "buy" rating [5][23] - The rPET project, in collaboration with Carbios, aims for an initial capacity of 50,000 tons, with a total investment of approximately 922 million yuan, showcasing strong partnership commitment [23][24] - The oxalic acid project, utilizing low-cost natural gas, aims to establish a production capacity of 100,000 tons, enhancing the company's competitive edge in the market [24]

沪指12月3日下跌0.51%，申万所属行业中，今日上涨的有6个，涨幅居前的行业为交通运输、有色金 属，涨幅分别为0.69%、0.63%。煤炭行业位居今日涨幅榜第三。跌幅居前的行业为传媒、计算机，跌 幅分别为2.86%、2.26%。 资金面上看，两市主力资金全天净流出578.83亿元，主力资金净流入的行业仅有3个，有色金属行业净 流入资金44.07亿元；煤炭行业净流入资金2.35亿元；交通运输行业净流入资金533.07万元。 主力资金净流出的行业有28个，计算机行业主力资金净流出规模居首，全天净流出资金91.85亿元，其 次是电子行业，净流出资金为81.63亿元，净流出资金较多的还有电力设备、通信、传媒等行业。 煤炭行业今日上涨0.57%，全天主力资金净流入2.35亿元，该行业所属的个股共37只，今日上涨的有27 只，涨停的有3只；下跌的有8只。以资金流向数据进行统计，该行业资金净流入的个股有17只，其中， 净流入资金超千万元的有5只，净流入资金居首的是大有能源，今日净流入资金2.47亿元，紧随其后的 是华阳股份、新大洲A，净流入资金分别为7669.70万元、5839.93万元。煤炭行业资金净流出个股中， 资金 ...