人民财讯7月31日电，据华东电力设计院官微消息，近日，中国能建（601868）中电工程华东院联合中 能建建筑集团成功中标淮河能源（600575）集团芜湖天然气调峰电厂项目EPC总承包项目。本工程位于 安徽省芜湖市芜湖长江大桥综合经济开发区内，新建2台45万千瓦级燃气-蒸汽联合循环机组，采用国际 先进的低氮燃烧技术与高效联合循环系统，具有启停灵活、低碳环保、能耗领先等特点，污染物排放远 低于国家标准，具有突出的节能环保及社会效益。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 从薪酬分布情况下，煤炭行业财务总监薪酬低于20万有4家，20万至50万有8家，50万至80万有10家，80万至110万有4家，大于110万有1家。从上述数据分布特征可以看出，煤炭行业财务总 剔除任期不满一年的样本，煤炭行业财务总监薪酬TOP10的公司分别为淮河能源、山西焦煤、物产环能等10家公司，其中淮河能源财务总监122万拔得头筹。与此同时，行业垫底的为云维股份 2021年以来随着利率环境宽松及煤炭行业景气度回升，板块资产负债率持续走低。2024年中信二级行业煤炭开采及洗选板块整体资产负债率44.53%，同比降低0.25个百分点；2025Q1板块整 安源煤业财务总监为张海峰，年薪为57万，1982年9月出生，本科学历，高级会计师，中共党员。曾任尚庄煤矿生产科科员，财务科科员，主办科员，副科长，丰城矿务局财务处科长，江西丰矿 大有能源财务总监薪酬低于行业均值。值得注意的是，其因财务信息披露不准确领罚单。 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：专题|2024年度A股董秘数据报告：1144位董秘年薪超百万 占比超21% 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股 CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平均年薪为 81.48万元。 从煤炭行业看，2024年财务总监薪酬为1，382万元；从人均薪酬看，2024年煤炭行业财务总监人均薪酬 为53万元。 安源煤业财务总监为张海峰，年薪为57万，1982年9月出生，本科学历，高级会计师，中共党员。曾任 尚庄煤矿生产科科员，财务科科员，主办科员，副科长，丰城矿务局财务处科长，江西丰矿集团有限公 司财务部副部长，安源煤业集团股份有限公司财务证券部高级主管，主任会计师，副部长兼江西江能煤 矿管理有限公司财务总监，副部长（主持工作），部长，董事会秘书。现任安源煤业集团股份有限公司 党委委员，财务总监，丰城港华燃气有限公司董事长。 大有能源财务总监薪酬低于行业均值。值得注意的是，其因财务信息披露不准确领罚单。 2024年5月28日，大有能源披露《关于会计差错更正 ...

Investment Rating - The report maintains an "Overweight" rating for the coal industry [2][5]. Core Insights - The expectation of supply contraction is rising, leading to a strong rebound in coal prices. This is primarily driven by policy changes on the supply side, which have intensified expectations of reduced supply. The "overproduction leads to shutdown" policy and a significant decrease in coal imports are key factors [7][8]. - The report highlights that the demand for electricity coal remains robust due to high temperatures, with power plants expected to maintain high daily consumption levels. The ongoing summer peak demand is anticipated to support coal prices [7][8]. Summary by Sections 1. Industry Overview - The coal industry consists of 37 listed companies with a total market capitalization of 181.62 billion yuan and a circulating market value of 177.44 billion yuan [2]. 2. Supply and Demand Dynamics - Recent policy changes have led to increased uncertainty in domestic coal supply. A national coal mine production inspection is set to take place, focusing on compliance with production limits [7]. - In June 2025, China's imports of thermal coal fell to 23.93 million tons, a year-on-year decrease of 31.11%, marking the lowest level in 28 months [7]. 3. Price Trends - As of July 25, 2025, the price of thermal coal at the Qinhuangdao port was 659 yuan per ton, reflecting a week-on-week increase of 11 yuan per ton, but a year-on-year decrease of 200 yuan per ton [8]. - The price of coking coal at the same port increased by 240 yuan per ton, with a week-on-week growth of 16.67% [8]. 4. Key Companies and Recommendations - The report recommends focusing on high-elasticity stocks such as Yanzhou Coal Mining, Shanxi Coal International, and Jin控煤业, which are expected to benefit from rising coal prices [7]. - Other companies like China Shenhua, Huaihe Energy, and Longyuan Power are also highlighted as potential beneficiaries of the favorable market conditions [7][8]. 5. Financial Performance and Dividends - The report tracks the dividend policies and growth prospects of key companies, indicating that several firms are expected to maintain or increase their dividend payouts in the coming years [13][14].

Core Viewpoint - The company has implemented comprehensive measures to address high-temperature issues in underground mining operations, focusing on system optimization, mechanical cooling, and individual protection to create a safer working environment for employees [1][5][6]. Group 1: System Optimization - The company has optimized the ventilation system by replacing high-power fans and increasing airflow in working areas, raising the airflow in the North Second Return Lane from 10,000 cubic meters per second to approximately 12,000 cubic meters per second [1]. - In April, the company upgraded the drive system of a belt conveyor, replacing the existing system with a permanent magnet variable frequency direct drive motor, resulting in a temperature reduction of about 5 to 6 degrees Celsius in the tunnel [1][3]. Group 2: Mechanical Cooling - The company installed four 30-kilowatt carbon dioxide cross-critical cooling units at the Central District's auxiliary shaft, which blow 10-degree Celsius cool air directly into the shaft, effectively improving the high-temperature environment in underground areas [2]. - The existing cooling system, which was put into operation in 2012, has been enhanced through various upgrades, including power supply systems and water treatment systems, significantly improving operational safety and cooling efficiency [3]. Group 3: Individual Protection - The company has established a rotation system for high-temperature work points, increased rest times for employees, and set up rest chambers in high-temperature areas [5]. - Employees have been provided with cooling vests and other protective equipment, and the company has set up water supply stations to ensure continuous access to drinking water [5][6].

Investment Rating - The report suggests that domestic thermal power companies have low PE valuations and potential for higher dividends, with overseas leaders like Duke Energy having PEs around 20 [2][10]. Core Insights - The report highlights that thermal power asset acquisition/sale transactions have PB valuations significantly higher than the secondary market valuations for thermal power stocks, indicating that thermal power stocks are undervalued [1][11]. - It notes that since 2022, there have been multiple asset transactions, primarily in northern and central regions, with 7 acquisitions (4 by power companies and 3 by coal companies) and 4 sales (all by power companies) [2][10]. - The median PB valuation for thermal power assets in these transactions is 1.3, while the median PB for listed thermal power companies is 0.9, suggesting a disparity in valuation [11][12]. - The median PE valuation for thermal power assets exceeds 10, with a range of 7.2 to 31.8 for the relevant transactions, indicating that industry capital values thermal assets at a premium [12]. Summary by Sections Investment Advice - Domestic thermal power companies are viewed as having low PE valuations with room for dividend increases, while international leaders are valued around 20 times PE [2][10]. Asset Transactions - The report details 11 acquisition/sale cases, with 3 having negative book values but acquired at a premium, and the remaining 8 having PBs ranging from 1.0 to 2.6 [11][12]. - The report emphasizes that the thermal power sector is experiencing significant asset transactions, particularly in the northern and central regions of China [2][10]. Valuation Metrics - The report indicates that the median PB for thermal power assets is 1.3, compared to 0.9 for listed companies, highlighting the undervaluation of thermal power stocks [11][12]. - The median PE for thermal power assets is noted to be over 10, with a range of 7.2 to 31.8, suggesting that industry capital values thermal assets at a higher level than the secondary market [12].

Investment Rating - The report maintains a rating of "Increase" for the coal industry [5]. Core Viewpoints - The coal price rebound is expected to exceed expectations due to continuous improvement in supply and demand margins [1]. - The report highlights strong support for coal prices driven by increased electricity demand during high-temperature weather, with significant historical peaks in power load recorded [7]. - The "anti-involution" policy is anticipated to create long-term uncertainties in domestic coal supply, while short-term supply is affected by heavy rainfall [6][8]. Summary by Sections 1. Industry Overview - The coal industry consists of 37 listed companies with a total market value of 17,077.38 billion yuan and a circulating market value of 16,672.70 billion yuan [2]. 2. Price Tracking - The report notes that the price of thermal coal at the Qinhuangdao port was 637 yuan/ton, reflecting a week-on-week increase of 9 yuan/ton [8]. - The average daily production of thermal coal from 462 sample mines was 5.642 million tons, showing a slight decrease compared to the previous week [8]. 3. Supply and Demand Dynamics - The report indicates that the demand for thermal coal is expected to rise due to increased electricity consumption during the summer heat, with a historical peak load of 2.52 million kilowatts recorded in the southern power grid [7]. - The supply side is constrained by heavy rainfall affecting production capacity, with the utilization rate of coal mines in the Shanxi, Shaanxi, and Inner Mongolia regions at 80.4% [6]. 4. Company Performance and Recommendations - Key companies recommended for investment include Yancoal Energy, Guohui Energy, and Shanxi Coal International, which are expected to benefit from the rebound in coal prices [6][7]. - The report emphasizes the importance of focusing on high-elasticity stocks in the coal sector, particularly those related to thermal and coking coal [6][7].

Group 1 - The core index of the A-share market, the China Securities Index Trade Merchant Index, closed at 4657.91 points, showing mixed performance among the three major indices [1] - The China Securities Index Trade Merchant Index has increased by 6.84% in the past month, 7.07% in the past three months, and 7.08% year-to-date [1] - The index is designed to reflect the overall performance of different industry companies within the sample, categorized into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries [1] Group 2 - The top ten weighted stocks in the China Securities Index Trade Merchant Index include: Shannon Chip Creation (7.88%), Liyuan Information (7.49%), Shenzhen Huachang (7.44%), Yintan Zhikong (6.26%), Runxin Technology (5.7%), Yingfang Micro (3.82%), Huaihe Energy (3.8%), Zhongdian Port (3.77%), Haoshanghao (3.52%), and Sumida (3.41%) [1] - The market share of the holdings in the China Securities Index Trade Merchant Index is 75.85% for Shenzhen Stock Exchange and 24.15% for Shanghai Stock Exchange [1] Group 3 - The sample of the China Securities Index Trade Merchant Index consists entirely of trading companies, with a 100% allocation [2] - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December each year [2] - In the event of special occurrences affecting a sample company's industry classification, the index sample will be adjusted accordingly [2]

Core Viewpoint - The A-share market shows a slight decline with the Shanghai Composite Index at 3468.65 points, down by 0.11%, while the total trading volume reached 584.993 billion yuan, indicating a mixed performance in the market [1]. Group 1: Market Performance - As of 10:29 AM, the Shanghai Composite Index is at 3468.65 points, with a decrease of 0.11% [1]. - The total trading volume in the A-share market is 584.993 billion yuan [1]. Group 2: Stocks Breaking the Annual Line - A total of 46 A-shares have surpassed the annual line today, with notable stocks including Guotou Zhonglu, Jigaofazhan, and Huate Gas, showing significant deviation rates of 8.45%, 6.51%, and 4.34% respectively [1]. - Stocks with smaller deviation rates that have just crossed the annual line include Pudong Jinqiao, Hengli Petrochemical, and Zhenyou Technology [1]. Group 3: Top Stocks by Deviation Rate - The top three stocks with the highest deviation rates are: - Guotou Zhonglu (Code: 600962) with a price increase of 9.98% and a deviation rate of 8.45% [1]. - Jigaofazhan (Code: 600807) with a price increase of 10.16% and a deviation rate of 6.51% [1]. - Huate Gas (Code: 688268) with a price increase of 4.36% and a deviation rate of 4.34% [1]. Group 4: Additional Stocks with Positive Performance - Other notable stocks with positive performance include: - Jingtou Fazhan (Code: 600683) with a price increase of 4.39% and a deviation rate of 2.45% [1]. - Huaihe Energy (Code: 600575) with a price increase of 2.23% and a deviation rate of 1.96% [1]. - ST Gaosi (Code: 002848) with a price increase of 2.88% and a deviation rate of 1.65% [1]. Group 5: Stocks with Lower Deviation Rates - Stocks with lower deviation rates that have recently crossed the annual line include: - Qianyuan Qian (Code: 600189) with a price increase of 1.80% and a deviation rate of 0.82% [2]. - Sifang Stock (Code: 601126) with a price increase of 0.79% and a deviation rate of 0.72% [2]. - Wentai Technology (Code: 600745) with a price increase of 0.94% and a deviation rate of 0.66% [2].

Group 1 - The company announced the resignation of Mr. Ma Jinhua, who served as a director, general manager, and board secretary, due to reaching retirement age [1][2] - Mr. Ma's resignation will not affect the minimum number of board members required by law and will not disrupt the normal operations of the company [2] - The company expressed gratitude for Mr. Ma's contributions during his tenure, highlighting his diligence and commitment to the company's development [2] Group 2 - During the vacancy of the board secretary position, the chairman, Mr. Zhou Tao, will temporarily assume the responsibilities of the board secretary [2] - The company will proceed with the legal process to complete the election of a new director and the appointment of a new general manager and board secretary [2]