证券代码：600256 证券简称：广汇能源 公告编号：2024-038 广汇能源股份有限公司 关于控股股东解除部分股份质押的公告 | 股东名称 | 新疆广汇实业投资（集团）有限责任公司 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 本次解除质押股份（股） | | | | 23,200,000 | | | | 占其所持股份比例（%） | 1.0178 | | | | | | | 占公司总股本比例（%） | | | | | 0.3533 | | | 解除质押时间 | 2024 年 | 月 | 5 | | 21 | 日 | | 持股数量（股） | | 2,279,455,813 | | | | | | 持股比例（%） | | | | | 34.7173 | | | 剩余被质押股份数量（股） | | | | 885,100,000 | | | | 剩余被质押股份数量占其所持股份比例（%） | | | | | 38.8294 | | | 剩余被质押股份数量占公司总股本比例（%） | | | | | 13.4806 | | 经与广汇集团确认，本次解除股 ...

证券代码：600256 证券简称：广汇能源 广汇能源股份有限公司 关于召开 2023 年度及 2024 年第一季度业绩 暨现金分红说明会会议纪要 会议召开时间：2024 年 05 月 21 日(星期二) 上午 11:00-12:00 会 议 召 开 网 址 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： http:// roadshow.sseinfo.com） 会议召开方式：上证路演中心网络互动 出席说明会人员：董事长韩士发； 独立董事谭学； 董事、副总经理兼董事会秘书阳贤； 副总经理兼财务总监马晓燕。 本次业绩说明会中，投资者提出的问题及公司的回复如下： 问题 2：24 年预计利润多少，能否按照之前承诺分红。 尊敬的投资者，您好！公司在完成 2022-2024 年既有分红方案的基础上，会 结合生产经营情况适时推出接续方案，敬请关注后续相关公告。 问题 3：请问公司 2024 年一季度收到政府补助的有关情况？ 尊敬的投资者，您好！公司一季报非经常性损益项目和金额中已列明计入当期 损益的政府补助金额为 44,075,672.67 元，具体详见公司已披露的一季报，感谢关 注。 问题 4： ...

Group 1: Financial Performance - The company's Q1 2024 profit decreased significantly due to falling prices of energy and chemical products, with the Northeast Asia JKM spot price averaging $11.94/MMBtu, down 54.14% year-on-year [1] - National LNG ex-factory price was 4451.78 CNY/ton, a decrease of 25.05% [1] - Qinhuangdao 5000K power coal closing price was 798.87 CNY/ton, down 17.76% [1] - Northwest methanol market average price was 2101.54 CNY/ton, down 6.55% [1] - Xinjiang medium-temperature coal tar mainstream price was 3172.28 CNY/ton, down 17.59% [1] Group 2: Oil Field Development - The company is transitioning the Zaisang oil field from natural gas to primarily crude oil extraction, with drilling development ongoing [2] - As of April 2024, two wells (S-1002) have been completed, and new nitrogen-based techniques are being tested [2] - The company plans to achieve approximately 100,000 tons of crude oil production this year, aiming for a million-ton production scale [2] Group 3: Infrastructure and Investment - The company has invested approximately 5 billion CNY in the Qidong LNG receiving station project, which includes a terminal capable of receiving mainstream international LNG vessels and six storage tanks with a total capacity of 820,000 cubic meters [2] - Future plans include expanding the Qidong LNG receiving station's capacity to 10 million tons per year [2] Group 4: Market Outlook - The coal market is expected to improve with increasing demand for electricity, leading to a rebound in coal prices [3] - The company is adjusting its procurement strategy to optimize profits during seasonal fluctuations in natural gas demand [3] - The company has implemented various transportation methods to ensure coal sales capacity, including direct railway transport and supplementary truck transport [3]

Investment Rating - The investment rating for the company is "Buy" and is maintained [5]. Core Views - The company's performance in Q1 2024 was significantly impacted by a decline in product prices, with revenue dropping by 49.44% year-on-year to 10.041 billion yuan and net profit decreasing by 73.15% to 0.807 billion yuan [5][6]. - Despite the challenges, the company is progressing with key projects, highlighting its growth potential in coal and natural gas businesses [5][6]. - The company has received approval for crude oil imports, which is expected to provide additional revenue streams [6]. - The company emphasizes shareholder returns, announcing a cash dividend of 0.7 yuan per share, resulting in a dividend yield of 9.56% based on the latest stock price [6]. Summary by Sections Financial Performance - In Q1 2024, the company reported operating revenue of 10.041 billion yuan, a decrease of 49.44% year-on-year, and a net profit of 0.807 billion yuan, down 73.15% [5][6]. - The net cash flow from operating activities was 1.711 billion yuan, reflecting a decline of 20.58% year-on-year [5]. Market Conditions - The decline in performance is attributed to a significant drop in global natural gas prices, with the average LNG ex-factory price in China falling by 25.05% year-on-year to 4,451.78 yuan per ton, and a 44.12% decrease in natural gas sales [5][6]. - The coal market showed stable growth, with coal sales reaching 9.0183 million tons in Q1 2024, a year-on-year increase of 1.97%, despite a slight decline in national coal production [5]. Growth Projects - The company is advancing key projects, including the Marang coal mine, which has substantial reserves exceeding 1.8 billion tons and is characterized by high-quality coal [5][6]. - The company is also developing LNG receiving stations and hydrogen energy projects, indicating a commitment to diversifying its energy portfolio [5]. Shareholder Returns - The company plans to distribute a cash dividend of 0.7 yuan per share, with a commitment to return at least 90% of the average annual distributable profits over the past three years to shareholders [6]. - The projected earnings per share (EPS) for 2024-2026 are 0.86, 1.01, and 1.17 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 8.57X, 7.34X, and 6.31X [6].

证券代码：600256 证券简称：广汇能源 公告编号：2024-037 | 股东名称 | 新疆广汇实业投资（集团）有限责任公司 | | | | | | --- | --- | --- | --- | --- | --- | | 本次解除质押股份（股） | | | 32,000,000 | | | | 占其所持股份比例（%） | 1.4038 | | | | | | 占公司总股本比例（%） | | | | 0.4874 | | | 解除质押时间 | | 2024 年 5 月 | 13 | | 日 | | 持股数量（股） | | | 2,279,455,813 | | | | 持股比例（%） | | | 34.7173 | | | | 剩余被质押股份数量（股） | | | 908,300,000 | | | | 剩余被质押股份数量占其所持股份比例（%） | | | 39.8472 | | | | 剩余被质押股份数量占公司总股本比例（%） | | | 13.8339 | | | 经与广汇集团确认，本次解除股份质押后续暂无再质押的计划， 若后续存在股份质押计划，广汇集团将根据实际情况及时履行告知义 1 广汇能源股份有 ...

北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于广汇能源股份有限公司 2023 年年度股东大会的 法律意见书 国枫律股字[2024]A0191 号 致：广汇能源股份有限公司（贵公司） 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并见 证贵公司 2023 年年度股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人 民共和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则》（以下简 称"《股东大会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券 法律业务管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证 券法律业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《广汇能源股份 有限公司章程》（以下简称"《公司章程》"）的规定，就本次会议的召集与召开程序、召 集人资格、出席会议人员资格、会议表决程序及表决结果等事宜，出具本法律意见书。 对本法 ...

证券代码：600256 证券简称：广汇能源 公告编号：2024-036 广汇能源股份有限公司 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： （二）股东大会召开的地点：乌鲁木齐市新华北路 165 号中天广场 43 楼 9 号会议室 （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 | 84 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,737,846,219 | | 3、出席会议的股东所持有表决权股份数占公司有 | 42.1463 | | 表决权股份总数的比例（%） | | （四）表决方式是否符合《公司法》及《公司章程》的规定，大会主 持情况等。 本次股东大会表决方式符合《公司法》及《公司章程》的规定。本次 会议由公司董事会召集，董事长韩士发先生主持。 （五）公司董事、监事和董事会秘书的出席情况 本次会议是否有否决议案：无 一、会议召开和出席情况 （一）股东大会召开的时间： ...

Summary of Conference Call Company or Industry Involved - The document does not specify a particular company or industry involved in the conference call Core Points and Arguments - The document contains only a brief opening statement thanking participants for attending the call, lacking detailed insights or discussions regarding financial performance, industry trends, or strategic initiatives Other Important but Possibly Overlooked Content - No additional content or insights are provided in the document, making it impossible to extract further details or data points Given the limited information available, no comprehensive summary can be provided regarding the company or industry discussed in the conference call.

Investment Rating - The report gives a "Strong Buy" rating for Guanghui Energy [6]. Core Views - Guanghui Energy is the first private energy company in China to integrate "gas, coal, and oil" across upstream, midstream, and downstream operations, forming a comprehensive industrial structure that includes coal, gas, coal chemical, clean energy, and carbon capture and utilization [6][13]. - The company has shown a consistent increase in revenue, reaching a peak of 61.475 billion yuan in 2023, driven primarily by natural gas and coal businesses [6][21]. - The report highlights the company's significant cost advantages in coal sales, with a unit sales cost of 310.28 yuan/ton, which is notably lower than its peers [27][28]. Summary by Sections Company Overview - Guanghui Energy focuses on natural gas, coal, and coal chemical products, and has established itself as a major player in the energy sector since its inception in 1994 [3][13]. Revenue and Profitability - The company's main revenue sources are natural gas and coal, with 2023 revenues from these segments accounting for 64.58% and 24.79% of total revenue, respectively [21][24]. - In 2023, the company reported a net profit of 5.173 billion yuan, a decline of 54.37% year-on-year due to falling energy prices [16][21]. Cost Structure and Competitive Advantage - Guanghui Energy's coal sales cost is significantly lower than that of competitors, with a 2023 cost of 310.28 yuan/ton, down 2.42% from the previous year [27][28]. - The company has built its own logistics system to enhance efficiency and reduce costs, which strengthens its competitive position in the market [28][32]. Natural Gas Business Model - The natural gas segment operates on a "self-produced + trade" model, leveraging cost and price advantages to enhance profitability [40][41]. - The company has secured long-term contracts for LNG procurement, which helps maintain low costs and high profit margins [41][43]. Coal Chemical and Green Energy Projects - The coal chemical projects benefit from low production costs and are expected to grow in performance due to high oil prices [48][49]. - The company is also advancing in green energy initiatives, including carbon capture and utilization projects [6][48]. Dividend Policy - Guanghui Energy has a strong dividend payout history, with cash dividends totaling 13.17 billion yuan from 2021 to 2023, representing 87.90% of the net profit for 2023 [6][12].

Investment Rating - The report maintains a "Buy" rating for Guanghui Energy, expecting the stock price to outperform the industry index by over 15% in the next six months [12]. Core Views - The report highlights the improvement in energy prices and the potential for capacity growth within the company. It emphasizes the company's strong coal resources, steady development in natural gas business, and cost advantages in coal chemical operations [5][8]. Financial Summary - **Revenue**: The company reported revenues of 59,409 million in 2022, with a slight increase to 61,475 million in 2023, and projected revenues of 72,898 million in 2024, 78,711 million in 2025, and 84,517 million in 2026, reflecting a growth rate of 18.6% in 2024 [1][6]. - **Net Profit**: The net profit attributable to shareholders was 11,337 million in 2022, dropping to 5,173 million in 2023, with projections of 6,674 million in 2024, 7,079 million in 2025, and 8,000 million in 2026, indicating a recovery with a growth rate of 29.0% in 2024 [1][6]. - **EPS**: The earnings per share (EPS) were 1.73 in 2022, decreasing to 0.79 in 2023, with forecasts of 1.02 in 2024, 1.08 in 2025, and 1.22 in 2026 [1][7]. - **ROE**: The return on equity (ROE) is projected to improve from 17.4% in 2023 to 20.7% in 2024 [1][7]. Operational Insights - **Natural Gas Production**: In Q1 2024, the company produced 1.88 billion cubic meters of natural gas, a decrease of 4.61% year-on-year, with sales down by 44.12% to 11.82 billion cubic meters [2]. - **Coal Production**: The coal production in Q1 2024 was 5.89 million tons, down 12.96% year-on-year, while coal sales increased by 1.97% to 9.01 million tons [2]. - **Coal Chemical Products**: The production of methanol was 28.8 million tons in Q1 2024, a decline of 3.65% year-on-year, with sales down by 45.52% [2]. Future Projections - The report forecasts that Guanghui Energy will achieve revenues of 728.98 billion, 787.11 billion, and 845.17 billion from 2024 to 2026, with net profits of 66.74 billion, 70.79 billion, and 80.00 billion respectively [5][8].