Core Viewpoint - Shanghai Datun Energy Co., Ltd. has announced a cash dividend distribution of 0.09 CNY per share for the first half of 2025, totaling approximately 65.04 million CNY [1][3]. Distribution Plan - The dividend distribution is based on the total share capital of 722,718,000 shares [3]. - The distribution is applicable to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [2]. Implementation Dates - The dividend distribution plan was approved at the annual general meeting on June 13, 2025, and subsequently ratified by the board meeting on August 21, 2025 [1]. Distribution Method - Cash dividends will be distributed through the clearing system of China Securities Depository and Clearing Corporation Limited, with shareholders able to receive their dividends at their designated securities firms on the payment date [4]. - For shareholders who have not completed designated trading, dividends will be held by the clearing company until the trading is completed [4]. Taxation Details - Individual shareholders and securities investment funds will not have income tax withheld at the time of cash dividend distribution, resulting in a net cash dividend of 0.09 CNY per share [6]. - Tax implications vary based on the holding period of the shares, with different tax rates applied for different durations [7]. - For qualified foreign institutional investors (QFII), a 10% withholding tax will be applied, resulting in a net cash dividend of 0.081 CNY per share [8]. Contact Information - For inquiries regarding the dividend distribution, shareholders can contact the company's securities department at 021-68864621 [9].

以晋能控股集团旗下马道头矿为例，该矿核定年产能为 910 万吨，但高峰时实 际生产可达 1,500 至 2,300 万吨。目前已压缩到 910 万吨。以前每天发运 5 个大列，每列 8,400 吨，现在每天只能发运两到三列，即三天才能发五列。整 体压缩幅度非常大。 对话山西煤矿：超产核查进展&后市煤价展望 20250918 摘要 煤矿安全生产核查趋严，多矿区受影响：近期安全事故频发，集团公司 及多矿区展开大面积核查，部分矿区停产，整体影响约 50%，电子封条 监控及多维度监管严控超产，对煤炭生产造成显著冲击。 晋能控股旗下煤矿产能压缩明显：以马道头矿为例，实际产量从高峰期 的 1,500-2,300 万吨压缩至核定产能 910 万吨，日发运量大幅减少， 表明产能控制力度加大。 山西省煤炭产能核增滞后：目前山西省约 43%的核增产能尚未完成手续， 实际产能远超核定产能，但国家对未核定产能矿井未采取严厉措施，因 山西煤炭供应对国内市场至关重要。 储备产能制度实施：新增煤矿 30%指标用于储备，旨在豁免部分新增指 标手续，并实施全流程追溯管理，但其替代现行政策的效果仍待观察。 短期煤价受多重因素支撑：下游补库需求、 ...

Core Points - Shanghai Energy announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 0.09 yuan per A-share (tax included) [2] - The record date for the dividend is set for September 24, 2025, with the ex-dividend date and payment date both on September 25, 2025 [2]

证券代码：600508 证券简称：上海能源 公告编号：2025-029 每股分配比例 A 股每股现金红利0.09元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/24 | － | 2025/9/25 | 2025/9/25 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 上海大屯能源股份有限公司（以下简称"公司"）董事会于2025 年 6 月 13 日的2024年年 度股东大会获批准授权制定并实施 2025 年度中期分红方案，本次利润分配方案已经公司于 2025 年 8 月 21 日召开的第九届董事会第八次会议审议通过。 上海大屯能源股份有限公司 2025年半年度权益分派实施公告 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： 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有 ...

上海大屯能源股份有限公司发布2025年半年度权益分派实施公告。本次利润分配以总股本722,718,000股 为基数，每股派发现金红利0.09元（含税），共计派发现金红利65,044,620元。A股股权登记日为2025年 9月24日，除权（息）日和现金红利发放日为9月25日。红利委托中国结算上海分公司发放，自行发放对 象为中国中煤能源股份有限公司。不同类型股东扣税政策有别，个人股东及证券投资基金暂不扣缴所得 税，QFII股东、"沪股通"投资者按10%扣税，其他机构投资者自行缴纳。咨询可联系公司证券部，电话 021 - 68864621。 ...

Core Viewpoint - The coal industry is experiencing a downward trend in prices, with significant declines in both thermal and coking coal prices in the first half of 2025 compared to the previous year [2][3]. Price Trends - In H1 2025, the average price of Qinhuangdao thermal coal (Shanxi origin) Q5500 was 676 CNY/ton, down 22.8% year-on-year. In Q2 2025, the price dropped significantly to an average of 632 CNY/ton, a decrease of 12.4% quarter-on-quarter [1][2]. - The average price of coking coal at Jingtang Port (Shanxi origin) in H1 2025 was 1379 CNY/ton, down 38.8% year-on-year, with Q2 2025 averaging 1315 CNY/ton, a quarter-on-quarter decline of 8.8% [1][2]. Company Performance - In H1 2025, 27 listed coal companies (excluding Shanxi Coking Coal) produced a total of 610 million tons of coal, a year-on-year increase of 2.5%, but sales fell to 650 million tons, down 5.4% year-on-year. The total revenue for these companies was 538.4 billion CNY, a decrease of 18.1% year-on-year, and net profit attributable to shareholders was 56 billion CNY, down 31.7% year-on-year [3][4]. - The weighted average gross margin for these companies was 28.8%, down 2.1 percentage points year-on-year, while the net margin was 13.3%, down 2.6 percentage points year-on-year. The weighted average return on equity (ROE) was 4.8%, down 2.5 percentage points year-on-year [3]. Future Outlook - The coal price is expected to rebound due to policy support and market dynamics, with thermal coal prices projected to recover to long-term contract prices around 700 CNY/ton. The forecast for thermal coal prices in 2025 is around 750 CNY/ton, with a potential peak at 860 CNY/ton [5][6]. - Coking coal prices are anticipated to be influenced by supply-demand fundamentals, with target prices based on the ratio of coking coal to thermal coal prices. The current ratio suggests target prices for coking coal of 1608 CNY, 1680 CNY, 1800 CNY, and 2064 CNY for various scenarios [6]. - Despite the overall profit pressure in 2025, many coal companies maintain high dividend yields, with six listed companies announcing interim dividend plans totaling 24.13 billion CNY, indicating a strong commitment to shareholder returns [6].

Core Viewpoint - The company has upgraded its power grid to enhance safety, reliability, and economic efficiency in electricity supply [1] Group 1 - The upgraded power grid connects to the national grid through a 220kV system [1] - The main power supply network operates on a 110kV system [1] - A 35kV system is utilized for distribution or auxiliary networks [1]

Core Viewpoint - The company is making steady progress in its renewable energy projects, with significant developments in solar power capacity and energy storage initiatives [1] Group 1: Renewable Energy Projects - As of the end of the first half of the year, the company's photovoltaic (PV) installed capacity reached 428.9 MW [1] - The second phase of the 204 MW photovoltaic project has completed the investment decision process [1] - The company has seven segments in its grid renovation project, with six segments already completed [1] Group 2: Energy Storage Initiatives - The company's 2x50 MW molten salt energy storage project has received project approval [1] - The preliminary plan for the electrochemical energy storage project has been completed [1] Group 3: Certification and Compliance - The first batch of green certificates for photovoltaic electricity generated by the renewable energy company has been successfully issued [1]

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]