Investment Rating - The investment rating for the company is "Outperform the Market" (maintained) [3][4][5] Core Views - The company is the only private enterprise in China with coal, natural gas, and oil resources, with significant capacity located in Xinjiang, Nantong, and Central Asia. The coal production capacity is primarily concentrated in Xinjiang, with the current approved capacity at 18 million tons per year. The approval for the Marang coal mine will increase the capacity from 5 million tons per year to 10 million tons per year, which is expected to significantly enhance the company's revenue and profit [3][4][5] - The prices of the main products, coal and natural gas, have recently rebounded from a low point, which is anticipated to improve the company's profitability [4][6] - The company plans to distribute dividends before July 10, 2024, with a commitment to distribute at least 90% of the average annual profit available for distribution to ordinary shareholders over the past three years, ensuring a minimum cash dividend of 0.70 yuan per share (including tax). This results in a high dividend yield of 8.92%, highlighting the company's long-term investment value [4][8] Summary by Sections Company Overview - The company has rich resources in coal, natural gas, and oil in Xinjiang and Central Asia. The release of capacity from the Marang coal mine is expected to drive profit growth, with further capacity releases in eastern mining areas and the increase of production at the Baishihu coal mine expected to be completed by the end of the 14th Five-Year Plan [4][5] Financial Forecasts - The company forecasts net profits attributable to shareholders for 2024, 2025, and 2026 to be 5.5 billion, 6.9 billion, and 8 billion yuan respectively. The current stock price corresponds to P/E ratios of 9.3, 7.4, and 6.3 times for these years, indicating strong long-term profit growth drivers and a high dividend payout ratio [4][5][12] Market Conditions - Domestic thermal coal prices have rebounded due to increased demand from downstream users and traders, with prices rising from 801 yuan per ton in April 2024 to 874 yuan per ton by June 3, 2024, an increase of 9.11%. Similarly, LNG market prices have increased from 3935 yuan per ton to 4300.7 yuan per ton, a rise of 9.29% [6][8]

特此公告。 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。 近日，国家能源局综合司正式印发了《关于新疆淖毛湖矿区岔哈泉一号露天 矿一期等 7 处煤矿项目产能置换承诺有关事项的复函》（国能综函煤炭〔2024〕 34 号），此函复要点为："为推进实施"十四五"煤炭规划，加快建设新疆煤炭供 应保障基地，有序释放煤炭优质先进产能，同意所属广汇能源股份有限公司（简 称"公司"）的淖毛湖矿区马朗一号煤矿在内的 7 处煤矿项目以承诺方式实施产 能置换；要求进一步落实项目建设条件，做好项目建设各项前期工作，尽快具备 核准条件，按规定履行项目核准程序及严格履行产能置换承诺等"。 根据复函批示，公司淖毛湖矿区马朗一号煤矿产能规模由原 500 万吨/年新 增至 1000 万吨/年，目前正基于新增产能规模积极推进必要的项目手续审批办理 及项目前期开发准备，力争及早实现煤矿优质先进产能的释放。 公司将会持续根据本项目推进实施的进展情况及相关法律法规、规范性文件 的要求，及时履行信息披露义务。《上海证券报》《证券时报》《中国证券报》及 上海证券交易所网站 ...

证券代码：600256 证券简称：广汇能源 公告编号：2024-040 广汇能源股份有限公司 关于聘任公司副总经理的公告 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。 特此公告。 广汇能源股份有限公司董事会 二○二四年五月二十八日 1 附件： 于永鑫先生个人简历 于永鑫，男，1987 年 5 月出生，中级会计师，硕士研究生学历。 曾任特变电工股份有限公司证券事务部总监、证券事务代表等。 广汇能源股份有限公司（简称"公司"）于 2024 年 5 月 27 日召 开了董事会第九届第五次会议，审议通过了《广汇能源股份有限公司 关于聘任公司副总经理的议案》。本次会议的召开、表决均符合《公 司法》《证券法》及《公司章程》等相关规定。（具体内容详见公司 2024-039 号公告） 根据公司经营发展实际需要，且遵照相关制度规定，经公司总经 理提名，并经董事会提名委员会资格审核及董事会审议通过，同意聘 任于永鑫先生为公司副总经理，任期自本次董事会审议通过之日起至 第九届董事会任期届满之日止。 于永鑫先生具备相关专业知识和工作经验，具备履职 ...

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。 证券代码：600256 证券简称：广汇能源 公告编号：2024-039 广汇能源股份有限公司 董事会第九届第五次会议决议公告 审议通过了《广汇能源股份有限公司关于聘任公司副总经理的议案》， 表决结果：同意 11 票、反对 0 票、弃权 0 票。 同意于永鑫先生担任公司副总经理职务，任期至第九届董事会届满。 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 5 月 22 日以通讯方式向各位董事发 出。 （三） 本次董事会于 2024 年 5 月 27 日以通讯方式召开；应收到《议 案表决书》11 份，实际收到有效《议案表决书》11 份。 二、董事会会议审议情况 本议案已经公司董事会第九届提名委员会 2024 年第二次会议审议通 过。提名委员会意见：提名委员会对于永鑫先生的任职资格进行审核确认， 认为于永 ...

广汇能源股份有限公司 关于 2024 年 4 月担保实施进展的公告 证券代码：600256 证券简称：广汇能源 公告编号：2024-041 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 6 家公司。 ●担保金额及担保余额：2024 年 4 月增加担保金额 231,114.01 万元，减少 担保金额 126,809.36 万元（含汇率波动）；截止 4 月 30 日担保余额 1,679,067.64 万元。 ●是否存在反担保：是 ●是否存在关联担保：是 ●担保逾期情况：无逾期担保情形 ●风险提示：2024 年担保预计已履行股东大会审议程序，预计范围内存在对 资产负债率超过 70%的子公司提供担保的情形，敬请投资者注意投资风险。 为最近一期资产负债率 70%以上的所属公司预计提供净新增担保额度 27.50 亿元，为资产负债率 70%以下的所属公司预计提供净新增担保额度 32.50 亿元。（具体内容详见公司 2024-001、003 及 017 号公告） 二、2024 年 4 月担保 ...

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 ...