证券代码：600397 证券简称：安源煤业 公告编号：2025-065 安源煤业集团股份有限公司 关于召开重大资产重组投资者说明会的公告 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 8 月 6 日（星期三）10:15-11:15 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： 安源煤业集团股份有限公司（以下简称"公司"）于 2025 年 7 月 25 日召开第 九届董事会第三次会议，审议通过了《关于 <安源煤业集团股份有限公司重大资> 产置换暨关联交易报告书（草案）（修订稿）>及其摘要的议案》等议案，具体 内容详见公司于 2025 年 7 月 26 日在上海证券交易所网站（http://www.sse.com.cn） 披露的《安源煤业集团股份有限公司重大资产置换暨关联交易报告书（草案） （修 订稿）》及其摘要等相关公告。为了便于广大投资者更全面深入地了解本次重大 资产重组相关情况。公司计划于 2025 年 8 月 6 日上午 10:15-11:15 召开重大资产 重组投资者说明会，就投资者关心 ...

一、说明会类型 证券代码：600397 证券简称：安源煤业 公告编号：2025-065 安源煤业集团股份有限公司 关于召开重大资产重组投资者说明会的公告 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： 安源煤业集团股份有限公司（以下简称"公司"）于 2025 年 7 月 25 日召开第 九届董事会第三次会议，审议通过了《关于<安源煤业集团股份有限公司重大资 产置换暨关联交易报告书（草案）（修订稿）>及其摘要的议案》等议案，具体 内容详见公司于2025年 7月26 日在上海证券交易所网站（http://www.sse.com.cn） 披露的《安源煤业集团股份有限公司重大资产置换暨关联交易报告书（草案）（修 订稿）》及其摘要等相关公告。为了便于广大投资者更全面深入地了解本次重大 资产重组相关情况。公司计划于 2025 年 8 月 6 日上午 10:15-11:15 召开重大资产 重组投资者说明会，就投资者关心的问题进行交流。 1 / 3 会议召开时间：2025 年 8 月 6 日（星期三）10:15-11:15 会 ...

Group 1 - The company, Anyuan Coal Industry Group Co., Ltd., is convening its second extraordinary general meeting of shareholders in 2025 on August 11, 2025, at 14:00 [1][2] - The meeting will take place at the company's conference room located at 188 Torch Avenue, Nanchang High-tech Industrial Development Zone, Jiangxi Province [1] - Shareholders can vote through the Shanghai Stock Exchange's online voting system, with voting available from 9:15 to 15:00 on the day of the meeting [1][2] Group 2 - The agenda for the meeting includes several proposals, such as major asset replacement and related party transactions, which have been approved by the company's board and supervisory board in previous meetings [3][4] - The voting will be conducted through a combination of on-site and online methods, allowing shareholders to participate via the designated platforms [2][3] - Shareholders must register to attend the meeting, with the registration period set for August 6, 2025, from 9:00 to 17:00 [5][6] Group 3 - The company has outlined specific voting procedures for shareholders holding multiple accounts, ensuring that votes are counted accurately across all accounts [4] - The company has also provided details on the necessary documentation for registration, including identification and authorization letters for representatives [5][6] - The meeting will include discussions on the company's financing guarantees for affiliated enterprises, which are part of the proposed agenda [3][7]

Core Viewpoint - The company, Anyuan Coal Industry Group Co., Ltd., is undergoing a significant asset swap and related party transaction, which involves exchanging its coal-related assets for a 57% stake in Ganzhou Jinhui Magnetic Selection Technology Co., Ltd. This transaction aims to transform the company's core business from coal mining to magnetic selection equipment manufacturing, enhancing its asset quality and profitability [1][10][11]. Group 1: Transaction Overview - The transaction involves the swap of all remaining assets and liabilities of the company, excluding retained assets and liabilities, for an equivalent value of the 57% stake in Jinhui Magnetic Selection [8][10]. - The transaction price for the assets being swapped is approximately 36,869.86 million yuan for the incoming assets and 36,977.10 million yuan for the outgoing assets [8][10]. - The transaction is classified as a major asset restructuring and constitutes a related party transaction [8][10]. Group 2: Financial Impact - Before the transaction, the company's total assets were approximately 581,201.75 million yuan, with total liabilities of 580,556.04 million yuan. Post-transaction, total assets are expected to decrease to about 87,133.38 million yuan, and total liabilities to approximately 48,521.21 million yuan [11][12]. - The company's net profit is projected to improve from a loss of 12,075.35 million yuan before the transaction to a profit of 497.20 million yuan afterward [11][12]. - Key financial ratios such as the asset-liability ratio will significantly decrease from 99.89% to 55.69%, indicating improved financial health [12]. Group 3: Business Transformation - The company's core business will shift from coal mining to the research, production, and sales of magnetic selection equipment, which is expected to align with market demands in the mining and environmental sectors [10][11]. - The magnetic selection equipment industry is experiencing growth due to increasing global demand for mineral resources and environmental regulations [10][11]. Group 4: Governance and Compliance - The transaction has undergone necessary decision-making and approval processes, including approval from the board of directors [13]. - The company has committed to ensuring fair pricing and compliance with relevant regulations throughout the transaction process [15][16]. - Independent financial and legal advisors have been engaged to ensure the transaction's fairness and transparency [15][19].

Core Viewpoint - The company announced a guarantee for financing provided by Jiangchuan Center and Jiangneng Commodity Trade Co., Ltd. for its wholly-owned subsidiary, Jiangxi Coal Industry Group Co., Ltd., with a total guarantee amount not exceeding 304 million yuan for the year 2025 [1][2]. Summary by Sections Guarantee Overview - The guarantee is provided for Jiangxi Coal Industry Group Co., Ltd., which is not an affiliated entity of the company [1]. - The total guarantee amount is capped at 304 million yuan, with an actual guarantee balance of 94.9 million yuan as of July 25, 2025 [1][2]. - The guarantee will be secured by all assets owned by the guaranteed party [1]. - There are no overdue guarantees reported [1]. Internal Decision-Making Process - The proposal for the guarantee needs to be submitted for approval at the company's second extraordinary general meeting in 2025 [3]. - The guarantee includes various forms such as bank loans, letters of credit, bank acceptance bills, performance guarantees, and financing leases [2]. Financial Situation - As of the latest audited financials, the company and its subsidiaries have a total guarantee balance of 1,016.68 million yuan, which represents 429.19% of the company's latest audited net assets [2][8]. - The company has a good credit standing, and the financial risks associated with the guarantees are considered manageable [7]. Basic Information of the Guaranteed Party - Jiangxi Coal Industry Group Co., Ltd. is involved in various activities including construction, power supply, coal sales, and equipment manufacturing [5]. - The total assets of Jiangxi Coal Industry as of March 31, 2025, are approximately 473.89 million yuan, with total liabilities of about 386.54 million yuan, resulting in net assets of around 87.35 million yuan [6]. Necessity and Reasonableness of the Guarantee - The guarantee is deemed necessary to support the daily operations and development needs of Jiangxi Coal Industry, which is not a dishonest entity [7]. - The financial risks are within the company's control and align with the overall interests of the company and its shareholders [7].

Core Viewpoint - The report outlines the independent financial advisory services provided by CITIC Securities for the major asset swap and related transactions involving Anyuan Coal Industry Group Co., Ltd, emphasizing the transaction's potential to enhance the company's asset quality and financial stability [1][11]. Group 1: Transaction Overview - The transaction involves the swap of all remaining assets and liabilities of Anyuan Coal, excluding retained assets, for a 57% stake in Ganzhou Jinhui Magnetic Selection Technology Co., Ltd [9][10]. - The estimated value of the assets to be swapped is approximately 36,869.86 million yuan for the assets being disposed of and 36,977.10 million yuan for the assets being acquired [9][21]. - The transaction is structured as an asset swap, with cash adjustments for any valuation differences [9][10]. Group 2: Financial Impact - The transaction is expected to significantly improve the company's financial metrics, including a reduction in the asset-liability ratio from 99.89% to 55.69% post-transaction [10]. - The projected net profit for the company is expected to turn positive, with basic earnings per share improving from -0.28 yuan to 0.03 yuan after the transaction [10][15]. - The transaction aims to enhance the company's operational capabilities and market position in the mining equipment sector, particularly in magnetic separation technology [10][11]. Group 3: Regulatory Compliance - CITIC Securities has confirmed compliance with relevant regulations and has conducted thorough due diligence to ensure the accuracy of the transaction's disclosures [3][4]. - The transaction requires approval from the company's board and relevant regulatory bodies, with a commitment to transparency and adherence to legal requirements throughout the process [12][19]. - The independent financial advisor has committed to maintaining confidentiality and avoiding conflicts of interest during the advisory process [4][19]. Group 4: Stakeholder Commitments - The controlling shareholder, Jiang Tung Holdings, has expressed support for the transaction, highlighting its potential to improve the company's asset quality and financial health [11][12]. - There are commitments from the company's management to protect the interests of minority shareholders and ensure fair pricing in the transaction [11][12]. - The company has established measures to enhance governance and operational efficiency post-transaction, aiming to provide stable returns to investors [16][17].

Group 1 - The company plans to replace assets and conduct related transactions, involving the exchange of 57% of the shares of Jinhuan Magnetic Selection and a cash supplement for the difference [2][3] - The company intends to repay financial liabilities of 661 million yuan before the notice of the shareholders' meeting [3][4] - The remaining 43% of the shares will be held by four employee stock ownership platforms [2] Group 2 - As of December 31, 2024, the company has financial liabilities of 660.76 million yuan, which have been repaid using self-funds, new bank loans, and support from the controlling shareholder [4][5] - The company retains liabilities with specific creditors, and the repayment plan includes using retained cash of 62.94 million yuan and dividends from subsidiaries [4][6] - The company has committed to ensuring timely repayment of retained debts through funding and guarantees from the controlling shareholder [5][6] Group 3 - The company’s financial ratios before and after the transaction indicate an improvement in liquidity and a significant reduction in the debt-to-asset ratio [6][7] - The current ratio improved from 0.36 to 1.27, and the quick ratio increased from 0.34 to 0.47, while the debt-to-asset ratio decreased from 97.83% to 55.87% [6][7] - The transaction is expected to significantly reduce the company's debt repayment pressure [6][7] Group 4 - The company’s inventory mainly consists of raw materials, work-in-progress, and finished goods, with a significant portion being customized products [11][12] - The revenue from customized products accounted for 78.54% to 83.45% of total revenue over the past three years, indicating a strong reliance on customized production [11][12] - The average production cycle for major products varies, with some requiring up to 150 days for completion [11][12] Group 5 - The company has a structured payment arrangement with clients to mitigate risks associated with long acceptance periods for customized products [20][21] - The payment terms typically involve milestone payments based on contract signing, delivery, acceptance, and warranty completion [20][21] - The company has maintained a low risk of customer defaults, with good repayment performance from major clients [20][21]

深圳市鹏信资产评估土地房地产估价有限公司关于上海证券交易所《关于安 源煤业集团股份有限公司重大资产置换暨关联交易草案信息披露的问询函》(上 证公函《2025】1022 号)评估相关问题的回复之核查意见 上海证券交易所: 贵所于 2025年 7 月 11 日下发了《关于安源煤业集团股份有限公司重大资产 置换暨关联交易草案信息披露的问询函》(上证公函《2025】1022 号)(以下简称 "问询函"),根据《间询函》的相关要求,安源煤业集团股份有限公司(以下 简称:上市公司组织对问询函进行了回复,深圳市鹏信资产评估土地房地产估价 有限公司作为上市公司重大资产置换项目置入资产的评估机构,就上市公司对贵 所所提问题的回复进行了认真核查,对《问询函》中需评估师核查的问题回复出 具了本核查意见,请予审核。 如无特别说明,本回复中的简称或名词的释义与《安源煤业集团股份有限公 司重大资产置换暨关联交易报告书(草案)》保持一致。 二、关于标的公司的估值。草案显示,标的公司金环磁选评估采用资产基 础法和收益法,并选择收益法为最终评估方法,基准日 2024年12月 31日,评 估结果为 6.47 亿元,增值率 46.76%。历史交易 ...

安源煤业集团股份有限公司 备考财务报表审阅报告 中兴华会计师事务所(特殊普通合伙) ZHONGXINGHUA CERTIFIED PUBLIC ACCOUNTANTS LLP 地址：北京市丰台区丽泽路 20 号丽泽 SOHO Ｂ座 20 层 邮编：100073 电话：(010) 51423818 传真：(010) 51423816 目 录 一、备考财务报表审阅报告 二、备考财务报表 1. 备考合并资产负债表 2. 备考合并利润表 3. 备考财务报表附注 三、审阅报告附件 1. 中兴华会计师事务所（特殊普通合伙）营业执照复印件 2. 中兴华会计师事务所（特殊普通合伙）执业证书复印件 3. 注册会计师执业证书复印件 中 兴 华 会 计 师 事 务 所 （ 特 殊 普 通 合 伙 ） Z H O N G X I N G H U A C E R T I F I E D P U B L I C A C C O U N T A N T S L L P 地址（ l o c a t i o n ）： 北京市丰台区丽泽路 2 0 号丽泽 S O H O B 座 2 0 层 20/F,Tower B,Lize SOHO,20 L ...

中信证券股份有限公司 关于 上海证券交易所 《关于安源煤业集团股份有限公司重大资产置换暨 关联交易草案信息披露的问询函》回复 之核查意见 独立财务顾问 二○二五年七月 上海证券交易所： 2025 年 7 月 11 日，安源煤业集团股份有限公司（以下简称"安源煤业"或 "公司"）收到上海证券交易所《关于安源煤业集团股份有限公司重大资产置换暨 关联交易草案信息披露的问询函》（上证公函【2025】1022 号）（以下简称"《问 询函》"）。中信证券股份有限公司作为安源煤业本次交易的独立财务顾问，对 《问询函》中有关问题进行了认真分析和核查，现就核查情况回复如下。 除非文义载明，相关简称与《安源煤业集团股份有限公司重大资产置换暨关 联交易报告书（草案）》中"释义"所定义的词语或简称具有相同的含义。本核 查意见中任何表格中若出现总数与表格所列数值总和不符，如无特殊说明则均为 采用四舍五入而致。 1 | 问题 | 1、关于交易方案 | 3 | | --- | --- | --- | | 问题 | 2、关于标的公司的估值 | 15 | | 问题 | 3、关于标的公司的资产 | 30 | | 问题 | 4、关于海外业务收入 ...