（文章来源：每日经济新闻） 华阳股份（600348.SH）12月11日在投资者互动平台表示，公司投资建设的高性能碳纤维一期200吨/年 项目，于11月30日建成投产，该项目生产的T1000级碳纤维，可应用于航空航天、高端装备制造、风电 新能源、新型氢能储能等领域。公司密切关注行业动态，积极拓展下游应用场景。 每经AI快讯，有投资者在投资者互动平台提问：公司一定对高端碳纤维市场做过认真调研！目前我司 即将生产的高端碳纤维整体市场需求如何？是否供不应求？我司新建装置每年产能约有多少？预计何时 投运？ ...

（记者 王晓波） 华阳股份（600348.SH）12月11日在投资者互动平台表示，公司碳纤维项目已于11月30日建成投产，该 产品应用于航空航天、高端装备制造、风电新能源、新型氢能储能等领域。 每经AI快讯，有投资者在投资者互动平台提问：光伏设备短时难有起色，煤碳受各方面条件制约也难 有较大幅度上涨，发电及供暖这块业务量很小，备受投资者关注的碳纤维项目却迟迟不能顺利投产，设 备安装调试需要很长时间吗？预计何时能投运？我司的高端碳纤维能否用于飞机制造等未来可期的领 域？ ...

Investment Rating - The investment rating for Huayang Co., Ltd. is "Accumulate-A" with a target price of 8.96 yuan for the next six months [5]. Core Views - The company is expected to see a significant increase in coal production capacity, with a projected increase from 40.9 million tons/year to over 45 million tons/year following the commissioning of the Qiyuan coal mine [2]. - The successful launch of the T1000 grade high-performance carbon fiber production line is anticipated to inject new momentum into the company's growth and promote the development of the carbon fiber industry in Shanxi [1]. - The company is focusing on cost reduction and efficiency improvement through smart mining technology and process optimization, achieving a 15.8% year-on-year decrease in coal production costs [2]. Summary by Sections Company Overview - Huayang Co., Ltd. has a current approved coal production capacity of 40.9 million tons/year, which will increase to over 45 million tons/year with the new Qiyuan coal mine and the ongoing trial operation of the Bolin coal mine [2]. Financial Projections - Expected revenues for 2025, 2026, and 2027 are 24.12 billion, 26.19 billion, and 27.66 billion yuan respectively, with growth rates of -3.8%, 8.6%, and 5.6% [3]. - Projected net profits for the same years are 1.54 billion, 2.29 billion, and 2.69 billion yuan, with growth rates of -30.8%, 49.0%, and 14.7% [3]. Operational Developments - The company has completed the first phase of a 200 tons/year high-performance carbon fiber project with a total investment of 608 million yuan, marking a significant step towards domestic production of T1000 grade carbon fiber [1]. - The T1000 carbon fiber has notable properties, including a tensile strength of ≥6400 MPa and a density that is one-fourth that of steel, making it suitable for various applications, including aerospace after military certification [1]. Cost Management - The company has established seven smart mines and 127 intelligent working faces, becoming the first in Shanxi to achieve full mine automation, which has contributed to a reduction in production costs [2].

赶在全年收官之前，华阳集团已率先完成煤炭稳产稳供任务。这是华阳集团在安全管理、生产组织、技 术创新等多维发力下，扛牢国企"硬担当"，筑牢能源安全"压舱石"的坚实成果，也为保障经济社会平稳 运行，完成全年发展目标提供了有力的能源支撑。 今年以来，面对生产条件复杂、安全压力大、市场形势严峻等困难，华阳集团始终将稳产稳供与安全生 产统筹部署、一体推进。华阳集团管理层靠前指挥、细致谋划，层层压实责任，精准制定攻坚举措，在 全力保障能源供应稳定的同时，持续夯实高质量发展根基。 安全管理方面，严格落实华阳集团一号文件精神，牢固树立"安全是管出来的"理念，将"十真"管理要求 贯穿生产全流程、各环节，层层压实安全生产主体责任。通过强化双重预防机制建设和安全生产标准化 建设，实施月度"拉网式"大排查、"安全小分队"督查，推广安全生产岗位清单"明白卡"，织密安全防控 网络。全面推行"无监控不作业"，实施五级视频筛查，用真管严管把安全落到实处。常态化开展"怕"的 教育，全面铺开"亲情助安 安全华阳"系列活动、安全宣教主题活动、亲情帮教座谈会等，引导职工时 刻绷紧安全弦，切实筑牢安全生产防线。 生产组织方面，聚焦"提质增效、稳产高产 ...

Core Viewpoint - The coal market is expected to stabilize and recover in price due to seasonal demand increases and supply constraints as the year-end safety inspections become stricter [1][2]. Group 1: Market Overview - In October, electricity consumption exceeded expectations with a growth of 10.4%, while non-electric demand remained weak, leading to a 9.7% year-on-year decline in coal imports [1]. - Domestic coal prices saw fluctuations in November, with a rise followed by a decline, while long-term contract prices were adjusted upwards [1]. - International coal prices, particularly for Australian thermal and coking coal, continued to rise in November [2]. Group 2: Supply and Demand Dynamics - Domestic coal production decreased by 2.3% year-on-year in October, and coal imports fell by 12.0% in November [1]. - The global seaborne coal loading volume dropped by 3.6% year-on-year in the first ten months, but demand from emerging markets remained strong [1]. - Seasonal demand is expected to increase from December to January, supporting coal prices as supply remains relatively low due to stricter safety regulations [2]. Group 3: Key Companies - Companies with stable earnings and dividends include China Shenhua (601008.SH), Shaanxi Coal and Chemical Industry (601225.SH), and China Coal Energy (601898.SH) [3]. - Companies likely to benefit from improved demand expectations and supply reductions include Shanxi Coking Coal (000983.SZ) and Lu'an Environmental Energy (601699.SH) [3]. - Companies with notable long-term growth potential include Baofeng Energy (600989.SH) and China Qinfa (00866) [3].

七元矿井建设之初，高标准设计、高质量建设，全力打造现代化智能化矿井，2009年12月奠基，2011年 9月动工建设，2014年5月建设暂缓，2020年11月取得复工建设全部证照手续，2024年12月15日启动联合 试运转。联合试运转以来，系统运行稳定，陆续取得各项证照手续，顺利通过矿井竣工验收，并获得省 能源局生产能力公告批复，正式转为生产矿井。 华阳集团党委书记、董事长王永革说，作为目前山西服务年限最长的矿井之一，七元肩负着打造"七元 百年、百年七元"的宏伟愿景，希望在全体干部的率先垂范与引领带动下，全体职工凝心聚力、攻坚克 难，将七元矿井真正建成基业长青的百年标杆矿井，为华阳集团高质量发展注入强劲动力。 中新网山西12月11日电 12月9日，华阳集团七元公司500万吨/年矿井竣工投产，标志着该公司正式由建 设矿井进入生产矿井序列。 七元矿井位于晋中市寿阳县，是列入国家煤炭工业发展"十一五""十二五""十三五"规划的建设项目，是 省级重点建设工程，是华阳集团战略重组以来储量最大的矿井，井田面积207平方公里，设计可采储量 10.33亿吨，设计生产能力500万吨/年，服务年限近140年，主采8号、15号煤，配 ...

（记者 张明双） 每经AI快讯，有投资者在投资者互动平台提问：您好！年初说大同项目受大风及气温低等影响推迟， 一年快过去了，怎么还未投产？什么问题导致一再延期？ 华阳股份（600348.SH）12月10日在投资者互动平台表示，公司碳纤维项目于2024年6月开工建设， 2025年6月进入联调联试，11月30日建成投产。 ...

格隆汇12月10日丨华阳股份(600348.SH)在投资者互动平台表示，公司七元矿参与保供任务。泊里矿尚 未正式投产，不属于当前必须承担的保供任务主体。 ...

格隆汇12月10日丨华阳股份(600348.SH)在投资者互动平台表示，公司七元矿参与保供任务。泊里矿尚 未正式投产，不属于当前必须承担的保供任务主体。 ...

证券日报网讯 12月9日，华阳股份在互动平台回答投资者提问时表示，公司密切关注煤炭开采领域的前 沿科技，结合生产实际，稳步推进先进开采技术的应用与融合。 （文章来源：证券日报） ...