根据产权交易规则，山东产权交易中心将依据竞价结果于近日出具《结果通知单》。转让方与受让方应 在网络竞价结束后，签署《产权交易合同》。截至本公告日期，山东产权交易中心尚未出具本次股权挂 牌的《结果通知单》;转让方与受让方尚未签署《产权交易合同》。 智通财经APP讯，兖矿能源(01171)发布公告，公司全资子公司兖矿能源(鄂尔多斯)有限公司在山东产权 交易中心公开挂牌转让内蒙古鑫泰煤炭有限公司(鑫泰煤炭)100%股权。 股权挂牌起止日期为2025年12月30日至2026年1月27日。本次股权挂牌底价为人民币6.7亿元。截至上述 挂牌期满，意向受让方超过两名，根据产权交易规则，山东产权交易中心于2026年1月30日组织网络竞 价。网络竞价交易系统显示最高报价为人民币30.5亿元。 ...

Investment Rating - The investment rating for the coal mining industry is "Positive" [2] Core Viewpoints - The current phase is seen as the beginning of a new upward cycle in the coal economy, with a resonance between fundamentals and policies, making it an opportune time to invest in the coal sector [10][11] - The coal supply is expected to tighten due to domestic supply constraints and Indonesia's reduction in coal production targets, which will support a stable recovery in coal prices throughout the year [10][11] - The investment logic of coal capacity shortages remains unchanged, with a short-term supply-demand balance and a long-term gap still present [10][11] - High-quality coal companies are characterized by high profitability, cash flow, return on equity (ROE) of 10-15%, and dividend yields exceeding 5% [10][11] - The coal sector is considered undervalued, with overall valuation expected to improve, and public funds currently underweight in coal holdings [10][11] Summary by Sections 1. Coal Prices - As of January 31, the market price for Qinhuangdao port thermal coal (Q5500) is 691 CNY/ton, up 5 CNY/ton week-on-week [3][29] - The international thermal coal offshore price for Newcastle NEWC5500 is 74.5 USD/ton, up 0.7 USD/ton week-on-week [3][29] - The price for coking coal at Jing Tang port remains stable at 1780 CNY/ton [31] 2. Coal Supply and Demand - The capacity utilization rate for sample thermal coal mines is 88.3%, down 1.3 percentage points week-on-week [10][49] - Daily coal consumption in inland provinces decreased by 8.30 thousand tons/day (-1.8%) [50] - Daily coal consumption in coastal provinces decreased by 7.70 thousand tons/day (-3.3%) [50] 3. Industry Performance - The coal sector saw a 3.98% increase this week, outperforming the broader market [13][16] - The thermal coal segment rose by 4.07%, while the coking coal segment increased by 3.92% [16] 4. Future Outlook - The coal supply bottleneck is expected to persist, necessitating new high-quality capacity planning to meet medium to long-term energy demands [11] - The coal sector is characterized by high performance, cash flow, and dividends, with a favorable long-term outlook due to macroeconomic improvements and regulatory changes [11]

Investment Rating - The industry investment rating is maintained as "Increase" [5] Core Insights - The report highlights an increase in coal auction listings in Mongolia for 2025, with a total of 40.8832 million tons listed, up by 14.272 million tons. However, the transaction volume is slightly lower than in 2024, at 21.792 million tons, down by 0.576 million tons [2] - The report emphasizes the performance of specific companies, recommending investments in China Coal Energy (H+A), Yanzhou Coal Mining (H+A), China Shenhua Energy (H+A), and Shaanxi Coal and Chemical Industry. It also highlights companies focusing on smart mining, such as Keda Control, and those undergoing turnaround, like China Qinfa [3][7] - The report notes that the core port for coal transactions remains Ganqimaodu, contributing 83% of the total transaction volume [2] Summary by Sections Energy Prices Overview - As of January 30, 2026, Brent crude oil futures settled at $70.69 per barrel, up by $4.81 (7.3%) from the previous week. WTI crude oil futures settled at $65.21 per barrel, up by $4.14 (6.78%) [1] - Natural gas prices showed mixed trends, with Northeast Asia LNG spot prices at $11.68 per million British thermal units, down by $0.13 (-1.11%). The Dutch TTF gas futures settled at €40.65 per megawatt-hour, up by €1.28 (3.24%) [1] - Coal prices increased, with European ARA port coal prices at $101.50 per ton, up by $3.00 (3.05%), and Newcastle port coal prices at $116.75 per ton, up by $5.25 (4.71%) [1] Auction Performance - The report indicates that ETT led the auction with a transaction of 12.5696 million tons, followed by small TT and ER with 5.3632 million tons and 3.1296 million tons, respectively. The report also notes that coking coal transactions totaled 13.6192 million tons, down by 3.0656 million tons, while thermal coal transactions increased by 3.584 million tons to 8.1728 million tons [6] Key Stocks - The report provides a detailed table of recommended stocks, including: - China Coal Energy (601898.SH) with an EPS forecast of 1.21 for 2025 and a PE ratio of 11.32 - China Shenhua Energy (601088.SH) with an EPS forecast of 2.56 for 2025 and a PE ratio of 16.38 - Yanzhou Coal Mining (600188.SH) with an EPS forecast of 0.99 for 2025 and a PE ratio of 14.86 [7]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部份內容而產生或因倚賴該等內容 而引致之任何損失承擔任何責任。 ( 在中華人民共和國註冊成立的股份有限公司 ) (股份代碼: 01171) 內幕消息 關於掛牌轉讓全資子公司100%股權的公告 兗礦能源集團股份有限公司（「本公司」，連同其附屬公司，統稱「本集團」）根據香港聯合交易所 有限公司（「香港聯交所」）證券上市規則（「香港上市規則」）第13.09(2)條以及香港法例第571章證 券及期貨條例第XIVA部項下內幕消息條文（定義見香港上市規則條文）刊發本公告。 兗礦能源集團股份有限公司 YANKUANG ENERGY GROUP COMPANY LIMITED* 交易情況概述 本公司全資子公司兗礦能源（鄂爾多斯）有限公司在山東產權交易中心公開掛牌轉讓內蒙古鑫泰煤 炭有限公司（「鑫泰煤炭」）100%股權（「本次股權掛牌」），具體掛牌信息可通過山東產權交易中心 官網查詢，網址如下： （http://www.sdcqjy.com/proj/tc/9c4f1bfb4d5e4b ...

兖矿能源（600188）(600188.SH)发布公告，公司全资子公司兖矿能源(鄂尔多斯)有限公司在山东产权交 易中心公开挂牌转让内蒙古鑫泰煤炭有限公司("鑫泰煤炭")100%股权，挂牌底价为6.7亿元。若本次交 易最终达成，预计将对公司2026年归属于母公司股东的净利润产生较大影响。 ...

智通财经APP讯，兖矿能源(600188.SH)发布公告，公司全资子公司兖矿能源(鄂尔多斯)有限公司在山东 产权交易中心公开挂牌转让内蒙古鑫泰煤炭有限公司("鑫泰煤炭")100%股权，挂牌底价为6.7亿元。若 本次交易最终达成，预计将对公司2026年归属于母公司股东的净利润产生较大影响。 ...

股票代码：600188 股票简称：兖矿能源 编号：临 2026-004 兖矿能源集团股份有限公司 关于挂牌转让全资子公司 100%股权的公告 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。 一、交易情况概述 （一）审批程序 根据上市监管规定及公司内部决策权限，本次股权挂牌经总经理 办公会审批通过，无需提交公司董事会审议，相关审批程序符合上市 监管要求及《公司章程》等内部管理制度。 （二）审计评估情况 1.审计情况：审计基准日为 2025 年 6 月 30 日。经新联谊会计师 事务所（特殊普通合伙）审计，截至审计基准日，鑫泰煤炭资产总额 20,978.05 万元，负债总额 12,166.80 万元，净资产 8,811.25 万元。 1 2.评估情况：评估基准日为 2025 年 6 月 30 日。经北京中企华资 产评估有限责任公司评估，以经审计的财务数据为基础，采用收益法 评估净资产价值为 62,354.09 万元，增值率 607.66%，即鑫泰煤炭股 东全部权益价值为 62,354.09 万元，该评估结果已履行相关备案程 序。 ...

格隆汇2月1日丨兖矿能源(600188.SH)公告，经总经理办公会审议批准，兖矿能源集团股份有限公司("公 司")全资子公司——兖矿能源(鄂尔多斯)有限公司在山东产权交易中心公开挂牌转让内蒙古鑫泰煤炭有 限公司("鑫泰煤炭")100%股权。 本次股权挂牌底价为67,001万元。截至上述挂牌期满，意向受让方超过两名，根据产权交易规则，山东 产权交易中心于2026年1月30日组织网络竞价。网络竞价交易系统显示最高报价为305,001万元。若本次 交易最终达成，预计将对公司2026年归属于母公司股东的净利润产生较大影响。具体影响尚需根据最终 成交结果、有关交易费用、相关经审计的财务数据确定。 ...

格隆汇2月1日丨兖矿能源(600188.SH)公告，经总经理办公会审议批准，兖矿能源集团股份有限公司("公 司")全资子公司——兖矿能源(鄂尔多斯)有限公司在山东产权交易中心公开挂牌转让内蒙古鑫泰煤炭有 限公司("鑫泰煤炭")100%股权。 本次股权挂牌底价为67,001万元。截至上述挂牌期满，意向受让方超过两名，根据产权交易规则，山东 产权交易中心于2026年1月30日组织网络竞价。网络竞价交易系统显示最高报价为305,001万元。若本次 交易最终达成，预计将对公司2026年归属于母公司股东的净利润产生较大影响。具体影响尚需根据最终 成交结果、有关交易费用、相关经审计的财务数据确定。 ...

兖矿能源公告称，其全资子公司兖矿能源（鄂尔多斯）有限公司挂牌转让鑫泰煤炭100%股权。审计、 评估基准日均为2025年6月30日，经审计，鑫泰煤炭净资产8811.25万元；经评估，其股东全部权益价值 为6.24亿元，增值率607.66%。挂牌期为2025年12月30日至2026年1月27日，底价6.70亿元。1月30日网 络竞价，最高报价30.50亿元。若交易达成，预计影响2026年净利润，但交易存在不确定性。 ...