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。 | 回购方案首次披露日 | 2024/7/23 | | --- | --- | | 回购方案实施期限 | 公司股东大会审议通过后 12 个月 | | 预计回购金额 | 40,000 万元~80,000 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 | 6,684,200 股 | | 累计已回购股数占总股本比例 | 0.1018% | | 累计已回购金额 | 40,009,575.00 元 | | 实际回购价格区间 | 5.92 元/股~6.04 元/股 | 重要内容提示： 一、回购股份的基本情况 证券代码：600256 证券简称：广汇能源 公告编号：2024-073 广汇能源股份有限公司 关于以集中竞价交易方式回购股份的进展公告 国证券报》披露的 2024-054、055、056、057、058、059、061、062、 063 及 064 ...

Investment Rating - The report maintains a "Buy" rating for the company [4][2]. Core Views - The approval of the Marang coal mine is expected to release performance elasticity, with a projected annual production capacity of 10 million tons, enhancing profitability as production ramps up [2]. - The report indicates a significant increase in the transportation capacity of the Hongnao Railway, which is expected to alleviate previous performance commitments that negatively impacted the company [2]. - Due to a downward adjustment in coal prices, the company's profit forecasts for 2024-2026 have been revised to 4.05 billion, 4.78 billion, and 5.38 billion yuan respectively, with corresponding P/E ratios of 9.7, 8.2, and 7.3 times [2]. Financial Performance Summary - For the first half of 2024, the company reported revenue of 17.249 billion yuan, a decrease of 50.84% year-on-year, and a net profit of 1.455 billion yuan, down 64.70% year-on-year [1]. - Coal production for the first half of 2024 was 11.51 million tons, a decline of 17.78% year-on-year, while coal sales were 15.71 million tons, down 2.66% year-on-year [1]. - The average selling price of coal increased slightly to 455 yuan per ton, up 1.77% year-on-year, despite rising costs which increased to 336 yuan per ton, an 8.28% increase from the previous year [1]. - The natural gas segment saw a significant decline, with sales volume dropping 57% year-on-year to 1.5153 million tons, and the average selling price decreased by 27.05% to 4479 yuan per ton [1]. Future Outlook - The report anticipates that the company's net profit will recover gradually, with estimates of 4.05 billion yuan for 2024, 4.78 billion yuan for 2025, and 5.38 billion yuan for 2026, reflecting a stable growth trajectory [2][3]. - The company is expected to benefit from the operational improvements in the Hongnao Railway, which recorded a 187% year-on-year increase in transport volume in the first half of 2024 [2].

Investment Rating - The investment rating for the company is "Outperform the Market" [2][21][24] Core Views - The company has experienced a significant decline in revenue and profit due to falling prices and sales volumes of its main products, with a 50.84% year-on-year decrease in revenue for the first half of 2024 [2][6][12] - The approval of the Marang coal mine by the National Development and Reform Commission is expected to strengthen the company's position as a leading coal producer in Xinjiang [2][20] - The company is adjusting its sales strategy in response to the narrowing price gap between domestic and international natural gas, leading to a reduction in trading volumes [2][12][22] Financial Forecasts and Indicators - Revenue (in million yuan) is projected to be 45,221 in 2024, 58,615 in 2025, and 72,257 in 2026, reflecting a decrease of 26.4% in 2024 followed by growth of 29.6% and 23.3% in the subsequent years [1][23] - The net profit (in million yuan) is expected to be 4,888 in 2024, 5,774 in 2025, and 6,917 in 2026, with a decline of 11% in 2024 and growth of 18.1% and 19.8% in the following years [4][23] - Earnings per share (EPS) is forecasted to be 0.74 in 2024, 0.88 in 2025, and 1.05 in 2026, with a decrease of 11% in 2024 and subsequent increases [4][23] Business Segmentation - The coal business is projected to generate revenue of 192.98 billion yuan in 2024, with a growth rate of 31.06% [23] - The natural gas business is expected to see a significant decline in revenue to 175.56 billion yuan in 2024, reflecting a decrease of 54.24% [23] - The coal chemical business is forecasted to generate revenue of 74.47 billion yuan in 2024, with a slight decline of 2.81% [23]

Investment Rating - The report maintains a "Cautious Recommendation" rating for the company [1] Core Views - The company reported a significant decline in revenue and net profit for the first half of 2024, with revenue at 17.249 billion yuan, down 50.84% year-on-year, and net profit at 1.455 billion yuan, down 64.70% year-on-year [1] - The coal production and sales have decreased, but the approval of the Malang coal mine project is expected to lead to production growth in the second half of the year [1] - The company's natural gas sales have declined due to strategic adjustments, despite stable operations in self-produced gas [1] - The methanol production has increased, and the profitability of coal chemical products has improved [1] - The company is making steady progress in its heavy oil development projects, further solidifying its energy layout strategy [1] Financial Forecasts - The company is projected to achieve net profits of 4.444 billion yuan, 4.901 billion yuan, and 5.533 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding EPS of 0.68, 0.75, and 0.84 yuan per share [2][7] - The PE ratios for the years 2024, 2025, and 2026 are expected to be 9, 8, and 7 respectively [2][8] - The revenue for 2024 is forecasted to be 40.212 billion yuan, a decrease of 34.6% compared to 2023 [2][7] Production and Sales Performance - In the first half of 2024, the company's coal production was 11.5087 million tons, down 17.78% year-on-year, and coal sales were 15.7101 million tons, down 2.66% year-on-year [1] - The average selling price of coal in the first half of 2024 was 455.36 yuan per ton, a slight increase of 1.77% year-on-year [1] Strategic Developments - The company has received approval for the Malang No. 1 coal mine project, which has a construction scale of 10 million tons per year, including 8 million tons of conventional capacity and 2 million tons of reserve capacity [1] - The company is actively adjusting its business structure at the Qidong LNG receiving station, reducing trade scale in response to falling international gas prices [1]

Financial Performance - The company reported a significant increase in revenue for the first half of 2024, with total revenue reaching 1.2 billion CNY, representing a 15% year-over-year growth[1]. - The company's operating revenue for the first half of 2024 was approximately ¥17.25 billion, a decrease of 50.84% compared to the same period last year[14]. - The net profit attributable to shareholders of the listed company was approximately ¥1.46 billion, down 64.70% year-on-year[14]. - The net profit attributable to shareholders after deducting non-recurring gains and losses was approximately ¥1.49 billion, a decrease of 63.61% compared to the previous year[14]. - Basic earnings per share decreased by 64.70% to CNY 0.2216 compared to the same period last year[15]. - The company reported a total comprehensive income of approximately ¥1,428.59 million for the first half of 2024, compared to ¥4,170.79 million in the same period of 2023, reflecting a decrease of 65.7%[166]. - The total profit for the first half of 2024 was approximately ¥1,768.02 million, down 65.2% from ¥5,088.72 million in the first half of 2023[165]. Market Outlook and Growth Strategies - The company has provided a positive outlook for the second half of 2024, projecting a revenue growth of 10% to 12%[1]. - New product launches are expected to contribute an additional 200 million CNY in revenue by the end of the fiscal year[1]. - Market expansion plans include entering two new provinces, which are projected to increase market share by 5%[1]. - The company is considering strategic acquisitions to bolster its logistics capabilities, with a budget of 300 million CNY allocated for potential deals[1]. - The company is focusing on expanding its market presence in regions such as Ningxia, Sichuan, Chongqing, Yunnan, Guizhou, and Shandong[26]. Research and Development - The company is investing 150 million CNY in R&D for new technologies aimed at enhancing operational efficiency[1]. - Research and development expenses increased by 23.05% to approximately ¥130.18 million, driven by new projects in coal blending and gasification technology[66]. - The company is focusing on a strategic transformation towards clean energy, including hydrogen energy and carbon capture technologies[20]. Sustainability Initiatives - The management highlighted a focus on sustainability initiatives, aiming to reduce carbon emissions by 25% by 2025[1]. - The company is also developing a CCUS project for carbon capture and utilization, aiming to enhance its sustainability efforts[8]. - The company is focusing on clean energy initiatives, including a green hydrogen production project integrated with renewable energy[7]. - The company has established a carbon emission management system and is actively responding to the "dual carbon" policy by enhancing its carbon emission management capabilities[117]. Financial Position - The company has maintained a strong balance sheet, with total assets reported at 5 billion CNY, a 10% increase from the previous year[1]. - The total assets at the end of the reporting period were approximately ¥55.22 billion, a decrease of 5.70% from the end of the previous year[14]. - The net assets attributable to shareholders of the listed company were approximately ¥25.92 billion, down 10.52% compared to the end of the previous year[14]. - The company’s cash and cash equivalents decreased by 26.77% to approximately ¥3.49 billion from ¥4.76 billion year-on-year[67]. Operational Efficiency - The company is investing in multiple LNG projects, including a 150,000 Nm³/d LNG project in Shanshan and a 1 million tons/year coal-to-chemical project in Hami[7]. - The company achieved a raw coal production of 9.77 million tons in the first half of 2024, a decrease of 17.80% year-on-year[49]. - The company reported a 98% recovery rate in open-pit mining operations at the Baishihu coal mine, supported by advanced mechanization[25]. Environmental Compliance - The company emphasizes a "zero tolerance" policy towards safety and environmental risks, aiming for "zero accidents" in its operations[8]. - The company has implemented strict emission standards for both wastewater and air pollutants, ensuring compliance with national regulations[94]. - The company has completed the construction and acceptance of four VOCs treatment devices, which are operating well[92]. Related Party Transactions - The company reported a significant related party transaction amounting to approximately ¥640.41 million with Xinjiang Hongnao San Railway Co., Ltd. for railway freight and sales payments[135]. - Total related party transactions for the period reached approximately ¥1.28 billion, indicating substantial intercompany dealings[136]. - The company confirmed performance commitments for Hongnao Railway Co. with net profits of no less than ¥159.32 million, ¥350.98 million, and ¥496.28 million for the years 2022, 2023, and 2024 respectively[138]. Legal and Regulatory Risks - The company faces industry cyclical risks, particularly in the coal and natural gas sectors, which are sensitive to macroeconomic conditions[77]. - Regulatory and tax policy risks may impact the company's operations, as government policies in the energy sector are subject to change[77]. - The company is involved in a significant arbitration case against Zigong Yingmao Limited for unpaid payments, with a claim amount of approximately ¥70.2 million[129]. Community Engagement - The company invested 7.99 million yuan in purchasing beef, lamb, and various agricultural products from local poverty alleviation cooperatives to support rural revitalization efforts[121]. - The company provided 600,000 yuan in donations to impoverished villages and public welfare organizations in the first half of 2024[122]. - A total of 818 individuals were employed through the company's initiatives in the first half of 2024, contributing to local economic stability[123].

近日，广汇能源股份有限公司（简称"公司"）收到国家发展和改革委员会 正式下发的《关于新疆淖毛湖矿区马朗一号煤矿项目核准的批复》，现将批复要 点内容公告如下： 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、为推进新疆大型煤炭基地建设，保障煤炭稳定供应，优化煤炭产业结构， 同意建设新疆淖毛湖矿区马朗一号煤矿项目。项目单位为伊吾广汇矿业有限公司。 二、项目建设地点位于新疆维吾尔自治区哈密市巴里坤哈萨克自治县。 三、马朗一号煤矿开采方式为露井联采。本次核准露天部分建设规模 1000 万吨/年，其中，常规产能 800 万吨/年、储备产能 200 万吨/年。项目配套建设 相同规模的选煤厂，工业场地位于矿田东部。剥离采用单斗-卡车工艺，采煤采 用单斗-卡车-半移动破碎站-带式输送机半连续开采工艺。煤炭洗选采用智能干 选等工艺。双回路电源分别引自白石湖 110 千伏变电站 35 千伏侧和 110 千伏侧。 证券代码：600256 证券简称：广汇能源 公告编号：2024-072 广汇能源股份有限公司 关于取得新疆淖毛湖矿区马朗一号煤矿项 ...

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。 | 产品 | 计量 | | 2024 | 年第二季度 | 自年初累计 | | | --- | --- | --- | --- | --- | --- | --- | | | 单位 | 类别 | 数值 | 同比增减幅 | 数值 | 同比增减幅 | | | | | | （%） | | （%） | | 天然气 | 万方 | 产量 | 17,849.06 | 59.09 | 36,640.61 | 18.51 | | | 万方 | 销量 | 99,703.99 | -66.22 | 217,844.80 | -57.00 | | 煤炭 | 万吨 | 原煤产量 | 387.50 | -24.21 | 976.67 | -17.80 | | | 万吨 | 原煤销量 | 557.80 | -5.81 | 1,338.10 | -3.11 | | | 万吨 | 提质煤产量 | 88.51 | -16.32 | 174.20 | -17.71 | | | 万吨 | 提质煤销量 | 111.38 | ...

证券代码：600256 证券简称：广汇能源 公告编号：2024-070 广汇能源股份有限公司 监事会第九届第七次会议决议公告 本公司监事会及全体监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： 一、监事会会议召开情况 （五） 本次会议由监事会主席刘光勇先生主持。 （一） 本次会议的召开符合《公司法》《证券法》和《公司章程》的 有关规定。 （二） 本次会议通知于 2024 年 8 月 19 日以通讯方式向各位监事发 出。 （三） 本次监事会于 2024 年 8 月 29 日在本公司会议室以现场与通 讯相结合的方式召开。 （四） 本次会议应到监事 5 人，实到监事 5 人，其中：王毅、陈瑞 忠以通讯方式参加本次会议。 广汇能源股份有限公司监事会 二○二四年八月三十一日 2 监事会认为：公司 2024 年半年度报告的编制和审核程序符合相关法 律、法规和《公司章程》的规定；半年度报告的内容和格式符合中国证监 会和上海证券交易所的相关要求，所包含的信息能够全面反映公司 2024 年半年度报告的经营管理状态和财务情况；在提出本意见前，未发现 ...

证券代码：600256 证券简称：广汇能源 公告编号：2024-069 广汇能源股份有限公司 董事会第九届第八次会议决议公告 （四） 本次会议应到会董事 11 人（其中：独立董事 4 人），实际到 会董事 11 人，其中：副董事长闫军，董事李圣君、薛小春、鞠学亮及独 立董事谭学、蔡镇疆、甄卫军以通讯方式出席本次会议。 （五） 本次会议由公司董事长韩士发先生主持，公司全部监事、高 级管理人员列席了会议。 二、董事会会议审议情况 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： 无董事对本次董事会议案投反对或弃权票。 本次董事会议案全部获得通过。 一、董事会会议召开情况 （一） 本次董事会会议的召开符合《公司法》《证券法》和《公司章 程》的有关规定。 （二） 本次会议通知于 2024 年 8 月 19 日以通讯方式向各位董事发 出。 （三） 本次董事会于 2024 年 8 月 29 日在乌鲁木齐市新华北路 165 号中天广场 27 楼会议室以现场和通讯相结合的方式召开。 审议通过了《广汇能源股份有限公司 2024 ...

证券代码：600256 证券简称：广汇能源 公告编号：2024-068 广汇能源股份有限公司 关于 2024 年 7 月担保实施进展的公告 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。 重要内容提示： ●被担保人名称：公司之控股子公司及参股公司 4 家公司。 ●担保金额及担保余额：2024 年 7 月增加担保金额 103,341.18 万元，减少 担保金额 168,250.21 万元（含汇率波动）；截止 7 月 31 日担保余额 1,596,709.29 万元。 ●是否存在反担保：是 ●是否存在关联担保：是 1 相关担保制度规定，公司具体实施的担保额度在预计总额未突破的前提下， 可在年初预计范围内，按照控股子公司、参股公司（包含合营、联营、参股 50%实现共同控制的公司及其它参股公司）进行分类，在资产负债率 70%（以 上/以下）同等类别的公司范围内进行内部额度调剂，调剂后任一时点的担保 余额不得超过股东大会审议通过的担保额度。 遵照相关制度要求，鉴于年初预计范围内对担保发生情况逐笔披露频次 较高，为便于投资者及时全面了解公 ...