证券日报网讯 上海能源9月10日在互动平台回答投资者提问时表示，公司改造后的电网，以220kv系统 与国网联络，以110kv系统作为主供电网络，以35kv系统作为配网或辅网，提高了供电的安全性、可靠 性和经济性。 （编辑 何成浩） ...

（编辑 何成浩） 证券日报网讯 上海能源9月10日在互动平台回答投资者提问时表示，公司新能源项目建设稳步推进，截 至上半年末，光伏发电装机容量428.9MW；新能源二期204MW光伏项目已履行投资决策程序。电网改 造项目共有7个标段，其中6个标段施工完成。电热公司2x50兆瓦机组熔盐储能项目已取得立项批复，电 化学储能项目完成初步方案编制工作。新能源公司首批光伏电量绿证成功核发。 ...

证券代码：600508 证券简称：上海能源 公告编号：2025-028 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： 投资者可于 2025 年 09 月 11 日（星期四）至 09 月 17 日（星期 三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 sh600508@263.net 进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 上海大屯能源股份有限公司（以下简称"公司"）已于 2025 年 8 月 22 日发布公司 2025 年半年度报告，为便于广大投资者更全面深入 地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 18 日（星期四）11:00-12:00 举行 2025 年半年度业绩暨现金分 红说明会，就投资者关心的问题进行交流。 会议召开时间：2025 年 09 月 18 日（星期四）11:00-12:00 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/）（以 ...

Group 1: Market Performance - The coal mining sector increased by 0.03% compared to the previous trading day, with Electric Power Investment leading the gains [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Group 2: Individual Stock Performance - Electric Power Investment (002128) closed at 21.37, up 1.38% with a trading volume of 162,300 shares [1] - Yongtai Energy (600157) closed at 1.49, up 1.36% with a trading volume of 9.64 million shares [1] - China Shenhua (601088) closed at 38.16, up 0.69% with a trading volume of 425,700 shares [1] - Jinko Energy (601001) closed at 12.96, down 2.56% with a trading volume of 226,400 shares [2] Group 3: Capital Flow Analysis - The coal mining sector experienced a net outflow of 420 million yuan from main funds, while retail investors saw a net inflow of 314 million yuan [2] - The main funds showed a negative net flow in several stocks, including Yongtai Energy and Pingmei Shenhua [3] - Retail investors contributed positively to stocks like Gansu Energy and New Dazhou A, indicating varied investor sentiment across the sector [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [2] Core Views - The company's performance is under pressure due to falling coal prices, but the mid-term dividend increase enhances market confidence [2] - The company reported a significant decline in revenue and net profit for the first half of 2025, with a year-on-year revenue drop of 27.9% and a net profit decrease of 56.5% [2][3] - The company is expected to see a gradual recovery in net profit from 2025 to 2027, with projected figures of 5.07 billion, 6.06 billion, and 6.70 billion respectively [2][3] Financial Performance Summary - For the first half of 2025, the company achieved operating revenue of 3.5 billion, a decrease of 27.9% year-on-year, and a net profit attributable to shareholders of 210 million, down 56.5% year-on-year [2][3] - The average selling price of commodity coal in the first half of 2025 was 752.1 yuan/ton, a decrease of 32.9% year-on-year [3] - The company’s coal production for the first half of 2025 was 3.84 million tons, a decline of 10.8% year-on-year [3] Dividend and Shareholder Returns - The company announced a mid-term dividend distribution of 65.045 million, representing a cash dividend ratio of 31.7%, which signals a commitment to shareholder returns despite lower profits [4] - The dividend yield based on the stock price at the time of announcement was approximately 0.7% [4] Strategic Developments - The company is actively pursuing a coal-electricity integration strategy and expanding its renewable energy footprint, with a significant increase in photovoltaic power generation capacity [4] - The company has a coal production capacity of 9.09 million tons and is progressing with the construction of a new coal mine, expected to start trial operations by the end of 2025 [4] Financial Projections - The projected operating revenue for 2025 is 8.325 billion, with a year-on-year decline of 12.3% [6] - The projected net profit for 2025 is 507 million, reflecting a year-on-year decrease of 29.1% [6] - The earnings per share (EPS) for 2025 is estimated at 0.70 yuan, with a price-to-earnings (P/E) ratio of 17.2 times [6]

近日，记者从信用中国获悉，上海能源建设集团有限公司未经批准在安岳县东大街路（主干道）两侧人行道开挖沟槽（沟槽宽60CM，深90CM，总长度约 350M），铺设管道，擅自占用和挖掘城市道路，违反了《城市道路管理条例》第二十七条第（一）项的规定，根据《城市道路管理条例》第四十二条第一 款的规定，决定对你单位作出如下行政处罚：处以人民币6000元（大写：陆仟元整）的罚款。 | ▌股东及出资信息 | | | | | --- | --- | --- | --- | | 馬 | 股东名称 | 股东类型 | 证昭/证件类型 | | | 上海燃气有限公司 | 企业法人 | 企业法人营业执照(2 | | 2 | 上海隧道工程股份有限公司 | 企业法人 | 企业法人营业执照(2 | 新闻热线电话0531-85193242 | | | 信用信息 ▼ 上海能原建设集团有限公司 搜索 | | --- | --- | --- | | 信息公示 | 信用动态 信用立法 | 政策法规 信用承诺 城市信用 走进信用 | | 上海能源建设集团有限公司 | 存续 | 守信激励对象 | | 统一社会信用代码:91310115133730808C | ...

证券日报网讯上海能源8月25日在互动平台回答投资者提问时表示，截至2025年7月31日，公司股东户数 约为3.6万户。 （文章来源：证券日报） ...

Investment Rating - The industry investment rating is "Positive" (maintained) [2] Core Viewpoints - The report indicates that thermal coal prices are rebounding, aiming for a target of 750 CNY per ton, with a current price of 704 CNY per ton as of August 22, 2025, reflecting a 15.6% increase from the lowest price of 609 CNY per ton earlier this year [4][5] - The report emphasizes that both thermal coal and coking coal prices have reached a turning point, with expectations for further price recovery [5][13] Summary by Sections Thermal Coal Market - As of August 22, 2025, the Qinhuangdao Q5500 thermal coal price is 704 CNY/ton, with a 15.6% increase from the year's lowest price of 609 CNY/ton [4] - The operating rate of 442 coal mines in Shanxi, Shaanxi, and Inner Mongolia is 81.7%, indicating a relatively low supply level [4] - Port inventories have decreased by 29.82% from the highest level of 3,316.3 million tons earlier this year to 2,327.4 million tons [4] - The daily consumption of coal remains high during the summer, with the methanol operating rate at 80.65%, reflecting strong demand [4] Coking Coal Market - The price of coking coal at the Jing Tang Port is 1,610 CNY/ton, rebounding from a low of 1,230 CNY/ton in early July, with a significant increase of 61.61% in futures prices [4][5] - The report notes a tightening supply expectation due to regulatory measures on overproduction in coal mines [5] Investment Logic - The report suggests that the current thermal coal price has surpassed the second target price of around 700 CNY, with expectations to reach the third target price of 750 CNY, which is the breakeven point for coal and power generation companies [5][13] - Coking coal prices are expected to be influenced more by supply and demand fundamentals, with target prices set based on the ratio of coking coal to thermal coal prices [5][13] Investment Recommendations - The report identifies four main investment lines in the coal sector: 1. Cycle logic: Companies like Jinko Coal and Yancoal 2. Dividend logic: Companies like China Shenhua and China Coal Energy 3. Diversified aluminum elasticity: Companies like Shenhua Holdings and Electric Power Investment 4. Growth logic: Companies like Xinji Energy and Guanghui Energy [6][14]

Core Viewpoint - Shanghai Energy reported a significant decline in financial performance for the first half of 2025, with net profit down 56.45% year-on-year, primarily due to a downturn in the coal market affecting both prices and sales volume [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 was 3.498 billion yuan, a decrease of 27.94% compared to 4.854 billion yuan in the same period of 2024 [1]. - Net profit attributable to shareholders was 205 million yuan, down 56.45% from 472 million yuan in the previous year [1]. - The gross profit margin fell to 16.08%, a decline of 34.09% year-on-year, while the net profit margin decreased to 5.03%, down 43.6% [1]. - Operating cash flow per share dropped to 0.24 yuan, a significant decrease of 63.22% compared to 0.64 yuan in the previous year [1]. Cost and Expense Analysis - The company reported a 20.01% reduction in operating costs, attributed to cost-cutting measures and a decrease in coal sales volume [3]. - Management expenses decreased by 44.6%, primarily due to lower employee compensation [3]. - Research and development expenses saw a drastic reduction of 77.12%, influenced by the project initiation cycle [3]. Investment and Return Metrics - The company's return on invested capital (ROIC) for the previous year was 4.96%, indicating weak capital returns [4]. - Historical data shows a median ROIC of 5.26% over the past decade, with the lowest recorded ROIC of 0.17% in 2015 [4]. Fund Holdings - The largest fund holding Shanghai Energy is the China Securities Coal Equal-weighted Index (LOF) C, which holds 2.0977 million shares and has recently entered the top ten holdings [5].

Group 1 - Shanghai Energy's stock price closed at 12.27 yuan on August 22, down 0.06 yuan or 0.49% from the previous trading day [1] - The trading volume for the day was 40,728 lots, with a transaction amount of 50 million yuan [1] - The stock price fluctuated between 12.22 and 12.37 yuan, with an amplitude of 1.22% [1] Group 2 - The company reported a 27.94% year-on-year decline in revenue for the first half of 2025, totaling 3.498 billion yuan [1] - Net profit for the same period decreased by 56.45% year-on-year, amounting to 205 million yuan [1] - A semi-annual dividend proposal was announced, with a plan to distribute 0.9 yuan (including tax) per 10 shares, totaling 65.0446 million yuan [1] Group 3 - The company is primarily engaged in coal mining, washing, processing, and sales, with additional involvement in electricity and aluminum processing [1] - Major products include thermal coal and coking coal, with production bases located mainly in Jiangsu and Anhui provinces [1] - Shanghai Energy is one of the key energy suppliers in the Shanghai region [1] Group 4 - On August 22, the net outflow of main funds was 8.9825 million yuan, with a cumulative net outflow of 20.9675 million yuan over the past five trading days [2]