赣能股份公告，为进一步优化公司资产结构，聚焦核心业务发展，公司拟以非公开协议转让方式，将所 持巨源煤业20%股权转让至江西煤业，股权转让交易价格为0元。本次交易完成后，公司不再持有巨源 煤业股权。 ...

证券之星消息，12月25日煤炭开采板块较上一交易日下跌0.38%，中煤能源领跌。当日上证指数报收于 3959.62，上涨0.47%。深证成指报收于13531.41，上涨0.33%。煤炭开采板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 868109 | 中煤能源 | 12.70 | -1.40% | 16.05万 | 2.05亿 | | 600397 | 江钨装备 | 7.60 | -1.17% | 43.13万 | 3.27亿 | | 601001 | 晋控煤业 | 13.27 | -0.97% | 16.06万 | 2.13亿 | | 600188 | 究矿能源 | 13.34 | -0.97% | 19.62万 | 2.61亿 | | 000571 | 新大洲A | 5.62 | -0.88% | 32.53万 | 1.83亿 | | 600546 | 山煤国际 | 10.08 | -0.59% | 16.62万 | 1.67亿 | | 600121 | 郑州煤电 | ...

Market Overview - The Shanghai Composite Index rose by 1.19% on December 17, with 28 out of 31 sectors experiencing gains, led by the communication and non-ferrous metals sectors, which increased by 5.07% and 3.03% respectively [2] - The coal industry ranked third in terms of decline, with a decrease of 0.11% [2] Capital Flow - The net inflow of capital in the two markets was 9.51 billion yuan, with 16 sectors seeing net inflows. The communication sector had the highest net inflow of 6.45 billion yuan, corresponding to its 5.07% increase [2] - The electronic sector also saw a significant net inflow of 6.34 billion yuan, with a daily increase of 2.48% [2] - Conversely, 15 sectors experienced net outflows, with the defense and military industry leading with a net outflow of 4.87 billion yuan, followed by the retail sector with 2.31 billion yuan [2] Coal Industry Analysis - The coal industry saw a slight decline of 0.11%, with a total net inflow of 29.70 million yuan. Out of 37 stocks in this sector, 20 rose, including one that hit the daily limit [3] - The top three stocks with the highest net inflow in the coal sector were Yunwei Co., Ltd. (5.43 million yuan), Xinjie Energy (2.82 million yuan), and Jiangtong Equipment (2.59 million yuan) [3] - Major stocks with net outflows included China Shenhua (45.75 million yuan), Yongtai Energy (30.31 million yuan), and Lu'an Environmental Energy (15.22 million yuan) [3][4] Individual Stock Performance - The top-performing stock in the coal sector was Yunwei Co., Ltd., which increased by 9.97% with a turnover rate of 7.58% and a net inflow of 5.43 million yuan [3][4] - Other notable stocks included Xinjie Energy (0.15% increase, 1.13% turnover, 2.82 million yuan inflow) and Jiangtong Equipment (1.95% increase, 2.02% turnover, 2.59 million yuan inflow) [3][4] - Stocks with significant net outflows included China Shenhua (-0.42% decrease, 0.12% turnover, 45.75 million yuan outflow) and Yongtai Energy (0.00% change, 1.91% turnover, 30.31 million yuan outflow) [4]

证券之星消息，12月17日煤炭开采板块较上一交易日下跌0.27%，晋控煤业领跌。当日上证指数报收于 3870.28，上涨1.19%。深证成指报收于13224.51，上涨2.4%。煤炭开采板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600397 | 江钨装备 | 6.80 | 1.95% | 20.05万 | 1.36亿 | | 600348 | रक्त 10 18 | 7.76 | 0.91% | 31.84万 | 2.45亿 | | 002128 | 电投能源 | 26.93 | 0.86% | 10.96万 | 2.94亿 | | 600188 | 発矿能源 | 13.23 | 0.76% | 23.87万 | 3.14亿 | | 600403 | 大有能源 | 6.88 | 0.58% | 49.33万 | 3.35亿 | | 661699 | 潞安环能 | 12.05 | 0.50% | 20.80万 | 2.50亿 | | 603071 | 物产环能 | 1 ...

证券之星消息，12月5日煤炭开采板块较上一交易日上涨0.12%，电投能源领涨。当日上证指数报收于 3902.81，上涨0.7%。深证成指报收于13147.68，上涨1.08%。煤炭开采板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002128 | 电投能源 | 28.60 | 6.96% | 28.32万 | 7.96亿 | | 600397 | 江钨装备 | 6.72 | 5.00% | 26.64万 | 1.76亿 | | 600157 | 永泰能源 | 1.66 | 3.11% | 762.89万 | 12.45 Z | | 600758 | 辽宁能源 | 4.02 | 2.29% | 1 22.20万 | 8841.70万 | | 000571 | 新大洲A | 6.37 | 1.59% | 91.37万 | 5.81亿 | | 600575 | 淮河能源 | 3.63 | 0.83% | 33.97万 | 1.23亿 | | 600997 | 开滦股份 | 6. ...

Investment Rating - The report maintains a "Buy" rating for the coal mining industry, indicating a positive outlook for the sector [4][6]. Core Insights - The report emphasizes the critical role of coal in ensuring power supply stability during the winter months, particularly in the context of increasing electricity demand driven by data centers [2][5]. - It highlights that the peak electricity demand in the U.S. is expected to increase by 166 GW over the next five years, with data centers being a significant contributor to this growth [2]. - The report suggests that coal-fired power generation will be essential in filling the supply gap during winter electricity shortages, reinforcing its importance as a reliable energy source [5]. Summary by Sections Coal Mining Prices - European ARA coal price is at $97.3 per ton, down by $1.44 per ton (-1.46%) from the previous week [1]. - Newcastle coal price is at $111.1 per ton, up by $0.2 per ton (+0.18%) [1]. - IPE South African Richards Bay coal price is at $85.1 per ton, up by $0.2 per ton (+0.18%) [1]. Electricity Demand - The report notes that coal power will play a crucial role in meeting electricity demand, especially during winter when renewable energy sources may be less reliable [5][6]. - The report recommends focusing on companies with strong performance potential, such as Yancoal Energy and Jinneng Holding, which are expected to benefit from the increased demand for coal [5][6]. Key Stocks - The report lists several key stocks with "Buy" ratings, including: - China Coal Energy (601898.SH) with an EPS forecast of 1.46 for 2024 and a PE ratio of 9.40 [6]. - China Shenhua Energy (601088.SH) with an EPS forecast of 2.95 for 2024 and a PE ratio of 14.40 [6]. - Jinneng Holding (601001.SH) with an EPS forecast of 1.68 for 2024 and a PE ratio of 9.00 [6]. Market Trends - The report indicates a significant increase in electricity demand, with data centers being a primary driver, and suggests that coal will remain a vital component of the energy mix in the coming years [2][5].

二、本次变更签字注册会计师信息 （一）基本信息 证券代码：600397 证券简称：江钨装备 公告编号：2025-086 江西江钨稀贵装备股份有限公司关于变更签字注册会计师的公告 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。 江西江钨稀贵装备股份有限公司（曾用名：安源煤业集团股份有限公司，以下简称"公司"）于2025年4 月17日召开第八届董事会第二十七次会议，审议通过了《关于续聘会计师事务所的议案》，公司续聘中 兴华会计师事务所（特殊普通合伙）（以下简称"中兴华事务所"）为公司2025年度审计机构，此议案经 公司2025年5月9日召开的2024年年度股东大会审议通过。具体内容详见公司于2025年4月19日在上海证 券交易所网站（www.sse.com.cn）披露的《安源煤业第八届董事会第二十七次会议决议公告》《安源煤 业关于续聘会计师事务所的公告》，2025年5月10日上海证券交易所网站（www.sse.com.cn）披露的 《安源煤业2024年年度股东大会决议公告》。 近日，公司收到中兴华事务所送达的《关于变更签字注册会计 ...

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。 江西江钨稀贵装备股份有限公司（曾用名：安源煤业集团股份有限公司， 以下简称"公司"）于 2025 年 4 月 17 日召开第八届董事会第二十七次会议， 审议通过了《关于续聘会计师事务所的议案》，公司续聘中兴华会计师事务所 （特殊普通合伙）（以下简称"中兴华事务所"）为公司 2025 年度审计机构， 此议案经公司 2025 年 5 月 9 日召开的 2024 年年度股东大会审议通过。具体内 容详见公司于 2025 年 4 月 19 日在上海证券交易所网站（www.sse.com.cn）披 露的《安源煤业第八届董事会第二十七次会议决议公告》《安源煤业关于续聘 会 计 师 事 务 所 的 公 告 》 ， 2025 年 5 月 10 日 上 海 证 券 交 易 所 网 站 （www.sse.com.cn）披露的《安源煤业 2024 年年度股东大会决议公告》。 近日，公司收到中兴华事务所送达的《关于变更签字注册会计师的函》。 现将相关变更情况公告如下： 一、签字注册会计师变更情况 中兴华事 ...

Core Viewpoint - Jiangxi Jiangtong Rare and Precious Equipment Co., Ltd. has experienced fluctuations in stock price and significant changes in financial performance, indicating potential investment opportunities and risks in the coal and mining sector [1][2]. Financial Performance - As of September 30, 2025, Jiangtong Equipment reported a revenue of 2.452 billion yuan, a year-on-year decrease of 36.25% [2]. - The net profit attributable to shareholders was -307 million yuan, reflecting a year-on-year decline of 64.90% [2]. - The company has cumulatively distributed 806 million yuan in dividends since its A-share listing, with no dividends distributed in the past three years [3]. Stock Market Activity - On November 25, the stock price rose by 2.02% to 6.57 yuan per share, with a trading volume of 18.6652 million yuan and a turnover rate of 0.29% [1]. - The stock has increased by 55.69% year-to-date, but has seen declines of 4.78% over the last five trading days, 15.55% over the last 20 days, and 10.98% over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" 10 times this year, with the most recent appearance on September 29, where it recorded a net buy of -459.227 million yuan [1]. Shareholder Information - As of September 30, 2025, the number of shareholders increased by 11.59% to 49,700, while the average circulating shares per person decreased by 10.39% to 19,920 shares [2]. - The top ten circulating shareholders include Wan Jia Strategic Development Industry Mixed A, which holds 3.8954 million shares as a new shareholder [3]. Business Overview - Jiangtong Equipment, established on December 30, 1999, and listed on July 2, 2002, primarily engages in the research, production, and sales of magnetic separation equipment [2]. - The company's revenue composition includes coal and coke trading (69.71%), coal revenue (17.93%), and other business segments [2].

Investment Rating - The report maintains a rating of "Buy" for the coal mining sector [5] Core Views - The report emphasizes three key viewpoints regarding the coal market dynamics and investment strategies [4][9] - It highlights that the recent price adjustments are a normal digestion of previous rapid increases, and the core logic of rising coal prices due to supply constraints remains unchanged [4] - The report anticipates that as demand (whether speculative or real) activates, coal prices will rise, with expectations for prices to peak at the end of the year, potentially exceeding market expectations [4] Summary by Sections Production - In October, the raw coal production decreased by 2.3% year-on-year, with an output of 410 million tons, maintaining the same level as September [15][8] - For the first ten months of 2025, the cumulative production reached 3.97 billion tons, reflecting a growth of 1.5% year-on-year [15] - The forecast for 2025 suggests that the total thermal coal production may reach approximately 3.88 billion tons, with a growth rate narrowing to around 1.4% [15] Imports - In October, coal imports fell by 9.75% year-on-year, totaling 41.73 million tons, which is a decrease of 4.51 million tons compared to the same month last year [21][8] - For the first ten months of 2025, total coal imports amounted to 38.76 million tons, down 11% year-on-year [21] - The report predicts that the annual thermal coal import level may decline to around 38 million tons, a decrease of 6.4% year-on-year [21] Demand - In October, the industrial power generation increased by 7.9% year-on-year, with a total of 800.2 billion kWh generated [24][8] - The industrial thermal power generation saw a year-on-year increase of 7.3%, reversing a decline of 5.4% in September [24] - Conversely, crude steel production in October dropped by 12.07% year-on-year, amounting to 72 million tons, with the decline accelerating compared to September [37][8] Investment Recommendations - The report recommends focusing on high-performing stocks, particularly in the coal sector, including China Shenhua, China Coal Energy, and Yancoal [45][9] - It suggests a shift towards second-tier stocks as coal prices continue to rise, emphasizing the importance of selecting stocks based on performance and valuation [9]