| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 669109 | 路安休能 | 13.72 | -4.85% | 93.69万 | | 12.88 ZI | | 601001 | XD晋控煤 | 13.06 | -4.39% | 38.26万 | | 5.00亿 | | 000983 | 山西焦煤 | 7.05 | -4.21% | 138.42万 | | 9.82 6 | | 600546 | 山煤国际 | 9.59 | -4.20% | - 43.84万 | | 4.24亿 | | 600281 | 华阳新材 | 6.78 | -3.56% | 24.91万 | | 1.70亿 | | 000737 | 北方铜业 | 10.63 | -3.54% | 85.52万 | | 9.13 (Z | | 600809 | 山西汾酒 | 179.00 | -3.30% | 11.56万 | | 20.81亿 | | 600740 | 山西焦化 | 3.90 | -3.23% | 36. ...

Group 1 - The coal mining sector experienced a decline of 2.24% on July 31, with Huabei Mining leading the drop [1] - The Shanghai Composite Index closed at 3573.21, down 1.18%, while the Shenzhen Component Index closed at 11009.77, down 1.73% [1] - Major coal mining stocks showed significant declines, with Huabei Mining down 4.95% and other notable declines including Lu'an Environmental Energy down 4.85% and Pingmei Shenma down 4.57% [1] Group 2 - The coal mining sector saw a net outflow of 863 million yuan from main funds, while retail investors contributed a net inflow of 624 million yuan [1] - The table of fund flows indicates that China Shennong had a net inflow of 72.29 million yuan from main funds, while other companies like Electric Power Energy and SuNeng had mixed results in fund flows [2] - The overall trend shows that while main funds are withdrawing, retail investors are actively buying into certain stocks within the coal mining sector [2]

融券方面，当日融券卖出0.26万股，净买入1.85万股。 来源：金融界 最近三个交易日，28日-30日，山煤国际分别获融资买入0.42亿元、0.33亿元、0.31亿元。 7月30日，沪深两融数据显示，山煤国际获融资买入额0.31亿元，居两市第676位，当日融资偿还额0.32 亿元，净卖出100.09万元。 ...

通过天眼查大数据分析，山煤国际能源集团股份有限公司共对外投资了43家企业，参与招投标项目4805 次，专利信息28条，此外企业还拥有行政许可2个。 资金流向方面，今日主力资金净流入3124.86万元，占比成交额6.45%。其中，超大单净流入1831.84万 元、占成交额3.78%，大单净流入1293.03万元、占成交额2.67%，中单净流出流出2315.99万元、占成交 额4.78%，小单净流出808.88万元、占成交额1.67%。 山煤国际最新一期业绩显示，截至2025一季报，公司营业总收入45.02亿元、同比减少29.17%，归属净 利润2.55亿元，同比减少56.29%，扣非净利润2.69亿元，同比减少55.38%，流动比率0.967、速动比率 0.852、资产负债率50.86%。 天眼查商业履历信息显示，山煤国际能源集团股份有限公司，成立于2000年，位于太原市，是一家以从 事煤炭开采和洗选业为主的企业。企业注册资本198245.614万人民币，实缴资本7000万人民币。公司法 定代表人为孟君。 金融界消息 截至2025年7月30日收盘，山煤国际（600546）报收于10.01元，上涨0.91%，换手 ...

证券之星消息，7月30日煤炭开采板块较上一交易日上涨0.77%，中国神华领涨。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。煤炭开采板块个股涨跌见下表： 从资金流向上来看，当日煤炭开采板块主力资金净流出4.13亿元，游资资金净流入1.34亿元，散户资金净 流入2.79亿元。煤炭开采板块个股资金流向见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600546 山煤国际 | | 3124.86万 | 6.45% | -2315.99万 | -4.78% | -808.88万 | -1.67% | | 601088 | 中国神农 | 1714.58万 | 1.35% | 1172.81万 | 0.92% | -2887.40万 | -2.28% | | 601898 中煤能源 | | 1536.09万 | 3.74% | 83.34万 | 0.20% | -1 ...

盘面上，煤炭、油气股活跃，影视院线、军工电子、稀土永磁板块小幅走高；医药股集体回调；婴童概 念跌幅居前。 09:29 煤炭板块多数高开，陕西黑猫、郑州煤电涨超2%，潞安环能涨超1%，中国神华、山煤国际等跟 涨。 09:25 A股开盘丨三大股指集体低开 上证指数跌0.04%，深证成指跌0.23%，创业板指跌0.45%。 | 代码 | 名称 | 两日图 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | --- | --- | | 000001 | 上证指数 | 1 | 3608.35c | -1.36 | -0.04% | | 399001 | 深证成指 | W | 11262.98 c | -26.43 | -0.23% | | 399006 | 创业板指 | N | 2395.86c | -10.74 | -0.45% | 09:15 人民币对美元中间价报7.1441，调升70个基点。前一交易日中间价报7.1511。 09:21 港股开盘丨恒生科技指数跌1.83% 恒指低开0.74%，恒生科技指数跌1.83%。新能源车企全线走弱，理想汽车发布i8新款后低开9%，比亚 迪股 ...

7月29日，沪深两融数据显示，山煤国际获融资买入额0.33亿元，居两市第634位，当日融资偿还额0.37 亿元，净卖出385.78万元。 来源：金融界 融券方面，当日融券卖出2.99万股，净卖出0.57万股。 最近三个交易日，25日-29日，山煤国际分别获融资买入1.08亿元、0.42亿元、0.33亿元。 ...

天眼查商业履历信息显示，山煤国际能源集团股份有限公司，成立于2000年，位于太原市，是一家以从 事煤炭开采和洗选业为主的企业。企业注册资本198245.614万人民币，实缴资本7000万人民币。公司法 定代表人为孟君。 通过天眼查大数据分析，山煤国际能源集团股份有限公司共对外投资了43家企业，参与招投标项目4795 次，专利信息28条，此外企业还拥有行政许可2个。 金融界消息 截至2025年7月29日收盘，山煤国际（600546）报收于9.92元，上涨0.4%，换手率1.73%， 成交量34.32万手，成交金额3.37亿元。 资金流向方面，今日主力资金净流出2835.04万元，占比成交额8.41%。其中，超大单净流出531.14万 元、占成交额1.58%，大单净流出2303.89万元、占成交额6.83%，中单净流出流出467.11万元、占成交 额1.39%，小单净流入3302.14万元、占成交额9.79%。 山煤国际最新一期业绩显示，截至2025一季报，公司营业总收入45.02亿元、同比减少29.17%，归属净 利润2.55亿元，同比减少56.29%，扣非净利润2.69亿元，同比减少55.38%，流动比率0. ...

Investment Rating - The report initiates coverage of the coal industry with a "Recommended" investment rating, highlighting potential investment opportunities in companies such as China Shenhua, Shaanxi Coal, Yanzhou Coal, Shanxi Coal International, and Datong Energy [7]. Core Insights - The coal industry is expected to undergo a new round of value reassessment due to an expanding supply-demand gap, which is likely to push coal prices upward [7][6]. - Domestic coal production growth is slowing, with significant contributions from Xinjiang and Inner Mongolia, while Shanxi faces production declines due to regulatory constraints [3][4]. - The demand for coal remains relatively rigid, primarily driven by the power sector, which accounts for 55% of total coal consumption, alongside strong growth in chemical industry demand [4][6]. Supply Side Summary - Domestic raw coal production is projected to reach 4.76 billion tons in 2024, reflecting a year-on-year increase of 1.3%, significantly lower than the five-year compound growth rate of 4.36% [3]. - Xinjiang and Inner Mongolia are the main contributors to production increases, with expected increments of 8.1 million tons and 6.6 million tons respectively in 2024 [3][32]. - Shanxi's coal production is expected to decline by 6.9% in 2024 due to regulatory measures aimed at controlling overproduction [3][43]. Demand Side Summary - Total coal consumption in China is forecasted to reach 4.84 billion tons in 2024, up 1.7% year-on-year, with the power sector's coal usage increasing by 2.64% to 2.65 billion tons [4][6]. - The chemical sector shows robust growth in coal demand, with a year-on-year increase of 13.86%, while the construction materials sector is expected to see a decline of 5.05% [4][6]. - Coal exports are anticipated to rise significantly, with a projected increase of 49.1% year-on-year, reaching 6.66 million tons in 2024 [4]. Supply-Demand Outlook - The supply-demand gap is expected to widen over the next few years, with projected deficits of 0.63 million tons in 2025, 1.50 million tons in 2026, and 2.29 million tons in 2027 [6]. - Coal prices are likely to rise as domestic production growth is constrained by regulatory measures and the dual carbon goals of peak carbon emissions and carbon neutrality [6][7]. Company Focus and Profit Forecast - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for several companies, with China Shenhua rated as "Buy" and others currently un-rated [9].

Investment Rating - The investment rating for the coal industry is "Positive (Maintain)" [1] Core Views - The coal market is experiencing a rebound in prices for thermal coal and coking coal, indicating a favorable fundamental outlook [4][17] - The current price of Qinhuangdao Q5500 thermal coal is 653 CNY/ton, reflecting a 7.2% increase from the lowest price earlier this year [4][35] - The supply side remains constrained with a low operating rate of 81.3% among 442 coal mines in Shanxi, Shaanxi, and Inner Mongolia [4][25] - The demand for electricity coal is high due to the summer peak season, supporting price increases [4][25] - Coking coal prices have also surged, with the price of main coking coal at Jing Tang Port reaching 1680 CNY/ton, a 16.67% increase [4][26] Summary by Sections Investment Perspective - The coal market fundamentals are favorable, and it is time to position for growth as prices are expected to recover towards long-term contract prices around 670 CNY [4][17] - The price of coking coal is more influenced by supply and demand dynamics, with current prices indicating a recovery from previous lows [4][17] Market Performance - The coal index rose by 7.98%, outperforming the CSI 300 index by 6.29 percentage points [28] - Major coal companies have shown significant price increases, with Lu'an Energy up by 31.22% and Jinko Coal up by 18.83% [28] Key Indicators - The average PE ratio for the coal sector is 12.23, and the PB ratio is 1.26, indicating relatively low valuations compared to other sectors [29][32] - The port price for thermal coal has seen a slight increase, with Qinhuangdao Q5500 thermal coal price rising by 1.71% [35][38] Supply and Demand Dynamics - The operating rate of coal mines is at a low level, which may lead to further price increases as supply tightens [4][25] - The demand for non-electric coal remains strong, with methanol production rates at historical highs [4][25] Investment Recommendations - Four main investment lines are suggested: 1. Cycle logic: Jin控煤业 and 兖矿能源 for thermal coal 2. Dividend logic: 中国神华 and 中煤能源 for dividend potential 3. Diversified aluminum elasticity: 神火股份 and 电投能源 4. Growth logic: 新集能源 and 广汇能源 [5][18]