序号 股东姓名 持股数量 （股） 占公司总股本 的比例（%） 1 永泰集团有限公司 4,027,292,382 18.13 2 平安银行股份有限公司 659,898,476 2.97 3 中国东方资产管理股份有限公司江西省分公司 295,568,480 1.33 4 嘉兴民安投资合伙企业（有限合伙） 266,613,899 1.20 5 中国农业银行股份有限公司－中证 500 交易型 开放式指数证券投资基金 254,725,700 1.15 6 香港中央结算有限公司 215,874,592 0.97 7 中国工商银行股份有限公司－国泰中证煤炭交 易型开放式指数证券投资基金 145,567,991 0.66 8 中信建投证券股份有限公司 139,783,925 0.63 9 晋商银行股份有限公司 128,960,116 0.58 10 蒙商银行股份有限公司 121,175,540 0.55 一、前十大股东持股情况 | 二、前十大无限售条件股东持股情况 | | --- | | 序号 | 股东姓名 | 持股数量 | 占公司无限售条件流 | | --- | --- | --- | --- | | | | （股） | ...

证券代码：600157 证券简称：永泰能源 公告编号：临 2024－029 永泰能源集团股份有限公司 关于以集中竞价交易方式回购公司股份的 回购报告书 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： 1．回购股份的用途：用于员工持股计划或者股权激励。 2．回购股份的资金总额：回购资金总额不低于人民币15,000万元（含）， 不超过人民币30,000万元（含）。 3．回购期限：自公司董事会审议通过本次回购股份方案之日起12个月内。 4．回购价格：公司本次回购股份的最高价不超过人民币1.89元/股。本次回 购股份最高价上限未超过董事会通过回购股份决议前30个交易日公司股票交易 均价的150%。 5．回购资金来源：公司自有资金。 6．相关股东是否存在减持计划：公司董监高、控股股东、实际控制人、持 股5%以上的股东在未来3个月、未来6个月暂无减持计划。 7．相关风险提示： 公司于2024年6月25日召开第十二届董事会第十次会议审议通过了《关于以 1 集中竞价交易方式回购公司股份方案的议案》。 公司董事会审议本次回 ...

各位投资者大家上午好非常感谢大家参加我们今天的电话会议今天我们也是非常荣幸的请到了云滩农园的董秘李总来跟大家分享一下公司的一些情况公司最近也是利好比较多包括了像二极度的业绩还有一些回购的一些计划甚至说他在陕西的这个煤矿的在建煤矿的进展的进度也是比较理想的那么我们先请李总帮我们介绍一下李总麻烦你 好的沈总各位咱们机构的这个领导我是永泰能源董秘礼军啊现在呢我把公司的一些基本情况跟各位领导做一个汇报吧首先也是非常感谢各位领导就是抽出宝贵的时间给我们永泰能源这个标六的机会吧也感谢咱们这个广发政策沈总的这个组织吧啊我们永泰能源呢就是说应该是一个也是上市比较早的上市公司了嘛我们98年5月13号上市然后呢 这个股票代码600157经过多年的发展吧所以也已经形成了煤炭电力储能和石化综合能源的布局目前我们的主要业务是煤炭和电力这两个体验然后实现了煤电互补的经营格局 近年来公司也是秉持煤电为基础能为异的发展战略把我们进一步的航行煤电主业然后加强我们所能转型的布局从而发挥公司拥有的焦煤核心供应商和电力区保护主力军的作用保持生产经营的稳定业绩大幅提升和发展的持续向好应该来说 今年上半年的公司的这个煤炭业务还是保持良好的利润空间电力业 ...

Financial Performance and Key Indicators - The company expects a net profit of 1.16 billion to 1.26 billion yuan for the first half of 2021, representing a year-on-year growth of 15% to 25% [1] - In Q2, the net profit is projected to be between 700 million to 800 million yuan, with a year-on-year increase of 17% to 30% and a quarter-on-quarter growth of nearly 50% to 70% [1] Coal Segment and Related Projects - The total coal production capacity is 19.1 million tons per year, with coking coal production capacity at 11.1 million tons per year [1] - The Haizitan coal mine is expected to reach a production capacity of 10 million tons per year, with a projected capacity exceeding 20 million tons by 2027 [1] - The company owns 15 coking coal mines with a total coal resource of 3.829 billion tons, including 920 million tons of high-quality coking coal and 2.907 billion tons of thermal coal [1] - The average selling price of coking coal in Q1 was 1916 yuan per ton, with production costs around 820 yuan per ton [1] Power Business and Market Performance - The power business has turned profitable since the second half of last year, with continued growth in performance this year [1] - The company has a controlling installed capacity of 9.18 million kilowatts and a shareholding installed capacity of 4 million kilowatts [1] - In Q1, the power generation reached 10 billion kilowatt-hours, a year-on-year increase of nearly 15%, with heating volume up nearly 30% [1] - The average power generation energy consumption for coal-fired units was 295.65 grams per kilowatt-hour, lower than the national average by 7.75 grams per kilowatt-hour [1] Petrochemical and Energy Storage Segments - The petrochemical segment is small, with the Huayi Petrochemical project located in Guangdong, having an annual online storage capacity of 21.5 million tons [1] - The energy storage segment aims to achieve a scale by 2025 and a market share of over 30% for vanadium flow batteries by 2027 to 2030 [1] - The Gansu Dunhuang Phase I vanadium pentoxide production line and Zhangjiagang Detai energy storage equipment company's Phase I 300 MW production line are under construction [1] Company Strategy and Industry Competition - The company plans to focus capital expenditures on the Haizitan coal mine and energy storage project construction over the next two years [5] - The company aims to consolidate its coal and power segments to improve economic efficiency and accelerate the construction of the Haizitan coal mine, expecting significant growth in future performance [5] Management Comments on Operating Environment and Future Outlook - Despite a year-on-year negative growth in national thermal power generation, the company's power plants in Zhangjiagang achieved a load rate of 80%-90%, with increased electricity demand during high-temperature periods in Henan [5] - The company will continue to monitor market developments for energy storage projects and expects annual output value of about 1 billion yuan with a comprehensive return rate of 10-15% once two production lines are operational [5] Other Important Information - The company’s overall coverage rate for long-term coal supply agreements was approximately 80% last year and has reached 80% in Q1 this year, with expectations for better performance throughout the year [2][4] Q&A Session Summary Question: Does the company’s power plant long-term coal supply cover all needs? Is the coal sold to power plants at long-term prices? - The company primarily sells coking coal, and the coal for power plants is mainly purchased externally [2] Question: How do the prices of coking coal, thermal coal, and mixed coal compare year-on-year for the first half of this year? - Coal prices decreased year-on-year in Q1 but have seen a rebound since Q2 [2] Question: Is the mixed coal sold at market prices, and is the guaranteed supply coal also sold at market prices? - The guaranteed supply coal accounts for a very small proportion, with the company mainly selling coking coal and raw coal [2] Question: Will there still be guaranteed supply coal sales this year, and have market prices fallen below 900 yuan? - The sales structure changes have minimal impact on the overall price increase of mixed coal due to its low calorific value [3] Question: What is the net asset situation of the Huaying Petrochemical project? - The company completed its restructuring at the end of 2020, and all shares from debt-to-equity swaps were released by September 2022 [4] Question: How has the procurement cost of thermal coal for power plants changed year-on-year in the first half of this year? - The overall coverage rate for long-term agreements was about 80% last year and has reached 80% in Q1 this year, with expectations for better performance [4] Question: What is the expected contribution of the energy storage business to the company’s profits in the next two to three years? - The energy storage market's development prospects are uncertain, but the company anticipates significant output value once production lines are operational [5] Question: How much is the coal production expected to increase in Q2 compared to Q1? - Coal production typically sees a significant increase in Q2 compared to Q1 due to lower production during the Spring Festival [5] Question: How does the nationwide negative growth in thermal power generation affect the company’s power plants? - The company’s power plants have maintained high load rates, and electricity demand has increased during peak periods [5] Question: Does the company plan to achieve full self-supply of thermal coal for its power plants in the future? - The company primarily produces high-quality coking coal for steelmaking, while the coal needed for power plants is mainly sourced externally [5]

永泰能源(600157.SH) 业绩预增高成长可期,多措并举彰显信心 2024 年 06 月 27 日 ——公司信息更新报告 投资评级:增持(维持) | 日期 | 2024/6/26 | |-------------------------|-------------| | 当前股价 ( 元 ) | 1.16 | | 一年最高最低 ( 元 ) | 1.56/1.12 | | 总市值 ( 亿元 ) | 257.73 | | 流通市值 ( 亿元 ) | 257.73 | | 总股本 ( 亿股 ) | 222.18 | | 流通股本 ( 亿股 ) | 222.18 | | 近 3 个月换手率 (%) | 65.31 | 股价走势图 永泰能源 沪深300 -30% -20% -10% 0% 10% 20% 2023-06 2023-10 2024-02 数据来源:聚源 相关研究报告 张绪成(分析师) zhangxucheng@kysec.cn 证书编号:S0790520020003 业绩预增高成长可期,多措并举彰显信心,维持"增持"评级 公司发布 2024 年半年度业绩预增公告,2024 年 H1 公司经营持续向好。 ...

证券代码：600157 证券简称：永泰能源 公告编号：临 2024－027 永泰能源集团股份有限公司 2023 年年度股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 (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。 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，会议的召集、召开及表决方式符合《公司法》 及《公司章程》的有关规定。 (五)公司董事、监事和董事会秘书的出席情况 一、 会议召开和出席情况 (一)股东大会召开的时间：2024 年 6 月 27 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 | 110 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 4,874,371,249 | | 3、出席 ...

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 2023 年年度股东大会的 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 2023 年年度股东大会的 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 法律意见书 经核查，公司本次股东大会是由公司董事会召集召开的。公司已于 2024 年 4 月 26 日在《上海证券报》《中国证券报》《证券时报》《证券日报》及上海证券 交易所网站（http://www.sse.com.cn）上刊登《永泰能源集团股份有限公司关于 召开 2023 年年度股东大会的通知》，将本次股东大会的召开时间、地点、审议事 项、出席对象、登记方法等予以公告，公告刊登的日期距本次股东大会的召开日 期已达 20 日。 上海市锦天城律师事务所 法律意见书 本次股东大会现场会议于 2024 年 6 月 27 日下午 14:30 在山西省太原市小店 区亲贤北街 9 号双喜广场 26 层公司会议室如期召开。网络投票采用上海证券交 易所股东大会网络 ...

Investment Rating - The report maintains a "Buy" rating for the company, with a target price of 1.88 CNY per share, compared to the current price of 1.16 CNY per share [4]. Core Views - The company's Q2 performance shows a significant quarter-on-quarter increase, with a planned share buyback of 150-300 million CNY, reflecting confidence in long-term development. The expected net profit for H1 2024 is projected to be between 1.16-1.26 billion CNY, representing a year-on-year increase of 14.54%-24.41% [2]. - The coal-electricity integration ensures stable operations, with the Haizetang project progressing rapidly. The company anticipates coal production and sales to exceed 12 million tons in 2024, with a cost reduction of over 5% [2]. - The company is establishing an integrated all-vanadium flow battery energy storage industry chain, with production expected to gradually commence in Q4 2024 [2]. - The company's financing capacity is recovering, with a significant reduction in debt scale. As of the end of 2023, interest-bearing debt was 41.1 billion CNY, down from pre-restructuring levels [2]. - Earnings forecasts suggest EPS of 0.12/0.13/0.14 CNY per share for 2024-2026, with potential for increased profitability in thermal power following coal self-sufficiency [2]. Financial Summary - Revenue for 2022 was 35.56 billion CNY, with a projected decrease of 15.3% in 2023, followed by a modest recovery in 2024 [3]. - EBITDA is expected to grow from 8.1 billion CNY in 2023 to 9.97 billion CNY by 2026 [3]. - The net profit for 2023 is projected at 2.27 billion CNY, with a year-on-year growth of 18.7% [3]. - The company’s ROE is expected to improve from 4.9% in 2023 to 5.8% in 2026 [3].

Investment Rating - The report maintains a "Buy" rating for Yongtai Energy (600157.SH) [2][6] Core Views - Yongtai Energy's performance in H1 2024 is expected to improve, with projected net profit ranging from RMB 1.16 billion to RMB 1.26 billion, representing a year-on-year increase of 14.54% to 24.41% [4][5] - The company plans to repurchase shares worth between RMB 150 million and RMB 300 million to enhance employee stock ownership plans and equity incentives, reflecting management's confidence in long-term growth [5][6] Summary by Relevant Sections Market Performance - The stock price of Yongtai Energy has fluctuated between RMB 1.13 and RMB 1.56 over the past 52 weeks [7] Investment Highlights - The company is focusing on its coal and power business, which is showing stable growth. The Haizetan coal mine is expected to contribute significantly to future growth, with production capacity projected to reach 10 million tons per year by 2027, potentially adding approximately RMB 4.4 billion to net profit [5][6] - Yongtai Energy is also expanding into the energy storage sector, particularly through vanadium flow batteries, aiming for a market share of over 30% by 2030 [5] Financial Forecasts - Revenue projections for Yongtai Energy are estimated at RMB 31.7 billion, RMB 33.2 billion, and RMB 34.8 billion for 2024, 2025, and 2026 respectively. Net profit is expected to be RMB 2.49 billion, RMB 2.79 billion, and RMB 2.95 billion for the same years, with corresponding P/E ratios of 10.34, 9.24, and 8.72 [6][9]

Investment Rating - The report maintains a "Buy" rating for Yongtai Energy [2][5] Core Views - Yongtai Energy's performance is continuously improving, highlighted by a share buyback plan that reflects management's confidence in the company's future [2][4] - The company expects a significant increase in net profit for the first half of 2024, projecting a year-on-year growth of 14.54% to 24.41% [3][4] Summary by Sections Share Buyback and Management Confidence - On June 25, 2024, Yongtai Energy announced a share buyback plan using its own funds, with a total amount between RMB 150 million and RMB 300 million, and a maximum buyback price of RMB 1.89 per share [3][4] - The management plans to purchase 13.75 million shares, demonstrating confidence in the company's long-term development [4] Coal and Power Business Performance - The company's coal and power business is performing steadily, with a focus on high-quality coking coal production in Shanxi province [4] - The power business has become a new profit growth point due to measures such as long-term coal contracts and increased power generation capacity [4] - The Haizetang coal mine is a key project expected to start production in Q3 2026, with an estimated annual capacity of 10 million tons and a potential net profit contribution of approximately RMB 4.4 billion [4] Energy Storage and Vanadium Battery Development - Yongtai Energy is expanding into the vanadium battery industry, aiming to capture high-quality vanadium resources [4] - The company has acquired a 70% stake in Vnergy, a startup focused on vanadium flow battery technology, and plans to complete a 3000 tons/year high-purity vanadium production line by Q4 2024 [4] Financial Projections - Revenue projections for 2024-2026 are RMB 31.7 billion, RMB 33.2 billion, and RMB 34.8 billion, respectively, with net profits expected to be RMB 2.49 billion, RMB 2.79 billion, and RMB 2.95 billion [5][6] - The price-to-earnings (P/E) ratios for the closing price on June 26 are projected to be 10.34, 9.24, and 8.72 for the years 2024, 2025, and 2026, respectively [5][6]