证券代码：600403 证券简称：大有能源 编号：临 2025-040 号 河南大有能源股份有限公司 关于为塔河矿业提供担保的公告 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个别及连带责任。 一、担保情况概述 阿克苏塔河矿业有限责任公司（以下简称"塔河矿业"）系河南 大有能源股份有限公司（以下简称"公司"）全资子公司阿拉尔豫能 投资有限责任公司的控股子公司。塔河矿业拟在新疆银行阿克苏分行 2025 年 8 月 27 日,公司第九届董事会第二十次会议审议通过了 《关于为塔河矿业提供担保的议案》，同意公司为塔河矿业在新疆银 行办理 1 亿元流动资金贷款提供 80%连带责任保证担保。 本次担保事项在董事会的决策权限内，无需提交公司股东大会审 议。 二、塔河矿业基本情况 公司名称：阿克苏塔河矿业有限责任公司 企业性质：有限责任公司(国有控股) 注册地址：新疆阿克苏地区库车县开发区幸福路 65 号企业公馆 1 B 座 1202 室 （以下简称"新疆银行"）办理的1亿元流动资金贷款，期限三年。 公司拟按持股比例为上述贷款提供80%连带责任保证担 ...

大有能源公告，2025年上半年营业收入19.2亿元，同比下降26.14%。归属于上市公司股东的净亏损8.51 亿元，上年同期净亏损4.9亿元。基本每股收益-0.3561元／股，上年同期为-0.2049元／股。 ...

Group 1 - The coal mining sector increased by 0.68% on August 20, with Anyuan Coal Industry leading the gains [1] - The Shanghai Composite Index closed at 3766.21, up 1.04%, while the Shenzhen Component Index closed at 11926.74, up 0.89% [1] - Anyuan Coal Industry's closing price was 6.68, reflecting a 6.37% increase, with a trading volume of 970,300 shares and a transaction value of 638 million yuan [1] Group 2 - The coal mining sector experienced a net outflow of 257 million yuan from institutional investors, while retail investors saw a net inflow of 56.08 million yuan [2] - Major stocks in the coal mining sector showed varied performance, with Yanzhou Coal Mining Company and China Shenhua Energy receiving significant net inflows from retail investors [3] - The trading data indicates that while some companies like Anyuan Coal Industry faced net outflows from institutional investors, others like Shaanxi Coal and Chemical Industry experienced net inflows from speculative funds [3]

Market Overview - The Shanghai Composite Index is at 3701.99 points, with a change of +0.50% [1] - The total trading volume of A-shares is 103.51 billion yuan [1] Technical Analysis - 96 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - Dengyun Co., Ltd. (002715) with a distance of -1.02% [1] - United Chemical (301209) with a distance of -0.93% [1] - Guangsheng Nonferrous (600259) with a distance of -0.79% [1] Individual Stock Performance - Dengyun Co., Ltd. (002715) has decreased by 2.88% with a latest price of 16.87 yuan [1] - United Chemical (301209) has decreased by 0.17% with a latest price of 92.78 yuan [1] - Guangsheng Nonferrous (600259) has decreased by 0.81% with a latest price of 58.82 yuan [1] - Other notable stocks with declines include: - Guoneng Rixin (301162) down 2.29% [1] - Daqian Energy (688303) down 2.44% [1] - Yijiahe (603666) down 0.43% [1] Additional Stock Data - Stocks with minor declines include: - Ningbo Bank (002142) up 0.25% with a latest price of 28.25 yuan [2] - Huayang New Materials (600281) down 0.59% with a latest price of 6.75 yuan [2] - The overall trend indicates a cautious market sentiment with several stocks experiencing downward pressure [1][2]

Investment Rating - The report maintains an "Accumulate" rating for the coal mining industry [1] Core Viewpoints - The coal mining industry is experiencing a supply-demand match, leading to a continuous increase in coal prices. As of August 8, 2025, the spot price of thermal coal at ports rose by 19 CNY/ton to 682 CNY/ton. The average daily inflow to the four ports in the Bohai Rim increased by 79,900 tons week-on-week, a growth of 5.19%. However, the average daily outflow decreased by 258,000 tons, a decline of 13.92%, indicating a stable supply with rising demand due to high temperatures [1][2][28] - The report suggests that the coal industry has entered a peak season due to sustained high temperatures, with continued growth in residential and industrial electricity consumption. It is anticipated that with stable supply and rising demand, coal prices may further increase [1][2] Summary by Sections 1. Weekly Market Review - The Shanghai Composite Index rose by 1.45% to 3635.13 points during the week of August 4 to August 8, 2025. The coal sector index increased by 3.02% to 2699.31 points, with a trading volume of 39.022 billion CNY, down 30.02% from the previous week [10][12] 2. Domestic Coal Prices - As of August 8, 2025, the price of thermal coal in major production areas showed a steady increase. For instance, the price of 5500 kcal thermal coal in Datong rose by 13 CNY/ton to 585 CNY/ton, while the price of 6000 kcal thermal coal in Yanzhou increased by 20 CNY/ton to 970 CNY/ton [17][22] 3. Inventory and Shipping - The average daily coal inflow to the Bohai Rim ports was 1.6194 million tons, up 5.19% week-on-week, while the outflow was 1.5951 million tons, down 13.92%. The total inventory at the ports decreased by 0.28% to 24.659 million tons [28][32] 4. Recommendations - The report emphasizes the importance of monitoring the influx of insurance funds and suggests focusing on resource stocks. It recommends specific coal companies such as Haohua Energy and Guanghui Energy as potential investment targets due to their low valuations and elasticity [2][37]

Investment Rating - The industry investment rating is optimistic [1] Core Viewpoints - The report indicates that the inventory at Beigang is rapidly decreasing, and the price of coke has seen a third round of increases, leading to a continued rise in coking coal prices [4][10] - The coal supply is constrained due to heavy rains and typhoons, which, combined with the high temperatures during peak summer demand, is expected to push coal prices higher [4][11] - The report highlights that the coal sector has underperformed the market index, with the Shanghai Composite Index experiencing a pullback after surpassing 3600 points [5][38] Summary by Sections Market Performance - The equity market showed a downward trend, with the coal sector significantly underperforming the index, as indicated by a weekly decline of 4.67% in the coal sector [5][10] - The average daily trading volume remained around 1.8 trillion yuan, with fluctuations in financing purchases [5][10] Thermal Coal - The price of thermal coal continues to rise, driven by supply constraints from adverse weather conditions and regulatory checks on coal production [10][11] - The average daily consumption of coal by southern power plants has increased, reflecting a rise in demand due to high temperatures [10][12] Coking Coal - The price of coking coal has also increased, supported by a recovery in steel mill profitability and ongoing inventory replenishment despite some marginal demand weakening [23][24] - The report notes that the third round of price increases for coke has been implemented, further stimulating demand for coking coal [23][24] Shipping Situation - The number of vessels at anchor in the Bohai Rim has decreased, while shipping rates have risen across various routes, indicating a tightening supply chain [31][32] Industry News - A cooperation agreement has been established between Shizuishan and Hami for coal resource supply, indicating a strategic move towards regional energy collaboration [34] - The International Energy Agency projects a slight increase in global coal demand in 2025, driven by consumption growth in emerging economies [34]

Group 1 - The company approved the transfer of remaining capacity replacement indicators to Yima Coal Industry Group Co., Ltd. for public listing [2] - The transfer was finalized with Shenmu City Shengfu Mining Co., Ltd., with a total transfer price of 101.132 million yuan (including tax) for a coal capacity replacement indicator of 117.3 million tons per year [3][4] - Payment terms stipulate that the buyer must pay the full amount within five working days of signing the contract, with 70% paid to the company within three working days after receipt by the intermediary [4]

Group 1 - The company, Henan Dayou Energy Co., Ltd., has agreed to transfer its remaining coal production capacity replacement indicators to Shenmu City Shengfu Mining Co., Ltd. through public listing [1] - The total amount of coal production capacity replacement indicators to be transferred is 117.3 million tons per year [1] - The transaction price for this transfer is set at 101.132 million yuan, including tax [2] Group 2 - The payment for the transaction is to be made within five working days from the signing of the contract, with 70% of the payment to be transferred to the company's designated account within three working days after receipt by the intermediary [2] - The remaining 30% of the transaction price will be paid after the necessary approvals from relevant authorities are obtained [2] - If the buyer fails to submit the required application materials for approval within three months, the remaining payment will still be made to the company [2]

证券代码：600403 证券简称：大有能源 编号：临 2025-038 号 河南大有能源股份有限公司 关于转让产能置换指标的进展公告 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个别及连带责任。 一、交易概述 河南大有能源股份有限公司（以下简称"公司"）于 2025 年 7 月 2 日召开第九届董事会第十九次会议，审议通过了《关于转让产能置换 指标的议案》，同意公司将剩余产能置换指标委托给义马煤业集团股 份有限公司与其持有的其它产能置换指标统一对外挂牌转让。具体内 容详见公司于 2025 年 7 月 3 日披露的《河南大有能源股份有限公司关 于转让产能置换指标的公告》（临 2025-030 号）。 二、交易进展情况 通过在河南中原产权交易有限公司（以下简称"中原产权"）公 开挂牌，确定受让方为神木市升富矿业有限公司。2025年7月30日，公 司与神木市升富矿业有限公司签订了《产权交易合同》，合同主要内 容如下： 转让方（甲方）：河南大有能源股份有限公司 受让方（乙方）：神木市升富矿业有限公司 （三）交易价款的支付方式、期限和付款条件 ...

Group 1 - The total salary scale for CFOs in A-share listed companies in 2024 reached 4.27 billion yuan, with over 21% of CFOs earning more than 1 million yuan annually [1] - In the coal industry, the average salary for CFOs in 2024 is 1.38 million yuan, with an average per capita salary of 530,000 yuan [1] - The overall asset-liability ratio for the coal mining and washing sector in 2024 is 44.53%, a decrease of 0.25 percentage points year-on-year [2] Group 2 - In the coal industry, there are 4 CFOs earning below 200,000 yuan, 8 between 200,000 and 500,000 yuan, 10 between 500,000 and 800,000 yuan, 4 between 800,000 and 1.1 million yuan, and 1 above 1.1 million yuan [2] - The top 10 companies in terms of CFO salaries in the coal industry include Huaihe Energy, Shanxi Coking Coal, and Wuchan Zhongda, with Huaihe Energy's CFO earning 1.22 million yuan [2] - The CFO of Anyuan Coal Industry, Zhang Haifeng, has a salary of 570,000 yuan and has a background in accounting [2][3] Group 3 - The age distribution of CFOs in the coal industry is primarily between 49 and 58 years, with the oldest being Zhang Antai from Antai Group, aged 62, earning 146,500 yuan [3] - The educational background of CFOs in the coal industry is mainly bachelor's and master's degrees, with 15 holding bachelor's degrees, 8 holding master's degrees, and only 2 with associate degrees [3] - Daya Energy's CFO has a salary below the industry average and faced penalties for inaccurate financial disclosures [2]