Core Viewpoint - Yongtai Energy announced the completion of its first share buyback, acquiring 3.5 million shares, which represents 0.02% of the total share capital, at a price of 1.58 yuan per share, totaling 5.53 million yuan excluding transaction fees [1] Summary by Relevant Sections - **Share Buyback Details** - The company completed the buyback through the Shanghai Stock Exchange trading system via centralized bidding [1] - The total amount for the buyback is set between 300 million yuan and 500 million yuan, with a maximum buyback price of 2.50 yuan per share [1] - The buyback period is from December 22, 2025, to December 21, 2026 [1] - **Purpose of Buyback** - The shares repurchased will be used for cancellation to reduce registered capital [1] - **Compliance** - The progress of the buyback aligns with relevant laws and regulations as well as the company's buyback plan [1]

证券代码：600157 证券简称：永泰能源 公告编号：临 2026－001 永泰能源集团股份有限公司 关于以集中竞价交易方式首次回购股份 暨股份回购进展公告 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： | 回购方案首次披露日 | 2025/12/2 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2025 年 月 22 12 月 | 12 | 日~2026 | 年 | 21 | 日 | | 预计回购金额 | 30,000万元~50,000万元 | | | | | | | 回购用途 | √减少注册资本 □用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | □为维护公司价值及股东权益 | | | | | | | 累计已回购股数 | 350万股 | | | | | | | 累计已回购股数占总股本比例 | 0.02% | | | | | | | 累计已回购金额 | 553万元 | | | | | ...

Core Viewpoint - Yongtai Energy announced the postponement of its board of directors' election to ensure continuity and stability in its operations [2] Group 1 - The 12th board of directors' term has expired, and preparations for the re-election are underway [2] - The election delay will also extend the terms of the board's specialized committees and senior management [2] - Current members of the 12th board, specialized committee members, and senior management will continue to perform their duties until the new board is elected [2]

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。 鉴于永泰能源集团股份有限公司（以下简称"公司"）第十二届董事会任期 届满，换届相关工作正在筹备中，为保证公司董事会工作的连续性及稳定性，公 司董事会换届选举工作将适当延期，公司董事会各专门委员会及高级管理人员的 任期亦相应顺延。 证券代码：600157 证券简称：永泰能源 公告编号：临 2025－070 永泰能源集团股份有限公司 关于董事会延期换届的公告 二○二五年十二月三十一日 在新一届董事会换届选举完成前，公司第十二届董事会成员、董事会各专门 委员会成员及高级管理人员将依照法律法规和《公司章程》等相关规定，继续履 行相应的职责和义务。本次公司董事会延期换届不会影响公司的正常经营，公司 将积极推进相关工作进程，并及时履行信息披露义务。 永泰能源集团股份有限公司董事会 特此公告。 ...

Market Overview - The Shanghai Composite Index rose by 0.53% on December 24, with 26 out of the 28 sectors experiencing gains, led by defense and electronics, which increased by 2.88% and 2.12% respectively [1] - The coal industry saw a decline of 0.70%, ranking second in terms of the largest drop [1] Capital Flow - The net inflow of capital in the two markets was 10.37 billion yuan, with 17 sectors experiencing net inflows. The electronics sector had the highest net inflow of 8.68 billion yuan, followed by the power equipment sector with a net inflow of 3.76 billion yuan [1] - Conversely, 14 sectors experienced net outflows, with the non-ferrous metals sector leading with a net outflow of 1.635 billion yuan, followed by the basic chemicals sector with a net outflow of 1.212 billion yuan [1] Coal Industry Analysis - Within the coal industry, there were 37 stocks, with 18 rising and 15 falling. The net outflow of capital for the coal sector was 73.72 million yuan [2] - The top three stocks with the highest net inflow in the coal sector were Jiangxi Tungsten Equipment (47.77 million yuan), Shanxi Coal International (22.18 million yuan), and Shanxi Coking Coal (16.85 million yuan) [2] - The stocks with the largest net outflows included Shaanxi Coal and Chemical Industry (48.62 million yuan), Yongtai Energy (44.88 million yuan), and Electric Power Investment Energy (34.78 million yuan) [2] Individual Stock Performance - The top performers in terms of capital inflow included Jiangxi Tungsten Equipment (4.77%), Shanxi Coking Coal (0.53%), and Baotailong (1.77%) [3] - The stocks with the largest declines included Shaanxi Coal and Chemical Industry (-0.32%), Yongtai Energy (0.00%), and Electric Power Investment Energy (-1.05%) [3]

Group 1 - The company has existing strategic cooperation with state-owned assets in some of its power plants and coal mines [1] - The company plans to introduce strategic investments, including state-owned capital, to enhance its core competitiveness [1] - The company will align its strategies with national industrial policies and market developments [1]

Core Viewpoint - Yongtai Energy (600157) emphasizes its commitment to core business operations in the energy sector, focusing on sustainable and high-quality development to enhance its market value and investor confidence [1] Group 1: Business Operations - The company has developed two main energy sectors: electricity and coal, with a total installed capacity of 9.18 million kilowatts in its electricity business [1] - In the coal sector, Yongtai Energy is a key supplier in the coking coal industry, with an annual production capacity of 21.1 million tons [1] Group 2: Strategic Initiatives - To ensure sustainable growth, the company plans to accelerate the construction of the Haizetang coal mine project and orderly develop its energy storage industry [1] - The management is optimistic about the company's future and has initiated a share repurchase plan of 300 million to 500 million yuan to support the stock price's return to a reasonable level [1]

Group 1 - The National New Office will hold a press conference on the development of transportation services for high-quality economic and social development on December 23 [2] Group 2 - The Guangxi Futures Exchange has adjusted the trading limits for lithium carbonate futures contracts, effective from December 23, 2025, with daily opening positions capped at 800 lots for certain contracts and 2000 lots for others [3] Group 3 - On December 23, a total of 11 companies will have their restricted shares unlocked, with a total of 1.848 billion shares and a market value of 71.382 billion yuan based on the latest closing prices. The companies with the largest unlock volumes include SANY Heavy Energy, Weidao Nano, and Southern Power Technology [4] Group 4 - Sixteen companies disclosed stock repurchase progress on December 23, with two companies announcing new repurchase plans and six plans approved by shareholders. The highest repurchase amounts were announced by Nanshan Aluminum and Xinruida, with plans of up to 600 million yuan and 19.3 million yuan, respectively [5] Group 5 - On December 23, ten companies announced plans for private placements, with two companies disclosing new plans and seven plans approved by shareholders. The highest fundraising amounts were proposed by Nanya New Materials and Yingfeng Co., with plans of up to 900 million yuan and 522 million yuan, respectively [6] Group 6 - Seven A-shares will undergo equity registration on December 23, with six companies planning to distribute dividends. The highest dividend payouts are from Xinda Zheng, Qingdao Port, and Caitong Securities, with distributions of 1.50 yuan, 1.47 yuan, and 0.60 yuan per 10 shares, respectively [7]

Core Viewpoint - The approval of the share repurchase plan by Yongtai Energy marks a significant step towards value return, reflecting the company's confidence in its development and robust operational fundamentals [1][2]. Group 1: Repurchase Plan Details - The total amount allocated for the repurchase is between 300 million to 500 million yuan, with a maximum repurchase price of 2.50 yuan per share, expecting to buy back between 120 million to 200 million shares, which represents 0.55% to 0.92% of the total share capital [2]. - All repurchased shares will be canceled to reduce the company's registered capital, and company executives and major shareholders have committed not to sell their shares within the next six months [2]. Group 2: Shareholder Structure - The stable shareholder structure supports the smooth implementation of the repurchase plan, with significant positions held by institutional investors, including Southern Fund's CSI 500 ETF with 318 million shares (1.46%), China Orient Asset Management with 296 million shares (1.35%), and Hong Kong Central Clearing Limited with 199 million shares (0.91%) [3]. - The ongoing allocation by institutional investors reflects market recognition of the company's long-term development [3]. Group 3: Financial Performance - Yongtai Energy achieved an operating revenue of 17.728 billion yuan and a net cash flow from operating activities of 4.450 billion yuan in the first three quarters of 2025, providing solid financial support for the repurchase [4]. - The power generation business is a key growth driver, with a total generation of 31.429 billion kWh and a gross profit of 2.656 billion yuan, including a record generation of 13.535 billion kWh in the third quarter [4]. - The successful construction of the Haizetan coal mine project is expected to begin trial mining in July next year, serving as a new growth engine for the company's long-term performance [4]. Group 4: Technological Advancements - Yongtai Energy has made significant breakthroughs in the emerging energy storage sector, particularly in vanadium flow batteries, with a new solid-state material developed by its Singapore subsidiary Vnergy that can reduce electrolyte costs by 40% to 60% [5]. - As of September 2025, the company holds 26 patents related to energy storage, establishing a solid technological barrier [5]. - The repurchase is expected to optimize the company's capital structure and enhance earnings per share, combined with stable growth in traditional energy and ongoing technological advancements in energy storage, highlighting the company's resilience and value potential [5].

证券代码：600157 证券简称：永泰能源 公告编号：临 2025－066 一、会议召开和出席情况 (一) 股东会召开的时间：2025 年 12 月 22 日 (二) 股东会召开的地点：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： 永泰能源集团股份有限公司 2025年第三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 | 1．出席会议的股东和代理人人数 | 6,637 | | --- | --- | | 2．出席会议的股东所持有表决权的股份总数（股） | 4,812,054,933 | | 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 | 22.0556 | | 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，会议主持情况等。 本次股东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 司董事长王广西先生主持，会议的召集 ...