证券代码：600575 证券简称：淮河能源 公告编号：临 2025-062 淮河能源（集团）股份有限公司 关于聘任董事会秘书的公告 电话：0554-7628095 传真：0554-7628095 通信地址：安徽省淮南市大通区大通街道居仁村 E 组团商业及服务楼 电子邮箱：hhnydsh@163.com 特此公告。 淮河能源（集团）股份有限公司董事会 2025 年 12 月 31 日 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。 淮河能源（集团）股份有限公司（以下简称"公司"）于 2025 年 12 月 30 日 召开第八届董事会第十八次会议，审议通过了《关于聘任公司董事会秘书的议案》。 经公司董事长周涛先生提名，董事会提名委员会审核通过，公司董事会同意聘任 王杰先生（简历附后）为公司第八届董事会秘书，任期自本次董事会审议通过之 日起至第八届董事会任期届满之日止，即自 2025 年 12 月 30 日到 2026 年 11 月 14 日止。公司董事长周涛先生不再代行董事会秘书职责。 王杰先生具备履行董事会秘书职责所必需的专业知 ...

证券代码：600575 证券简称：淮河能源 公告编号：临 2025-064 淮河能源（集团）股份有限公司 关于召开2026年第一次临时股东会的通知 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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2026年第一次临时股东会 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 1 月 15 日 至2026 年 1 月 15 日 无 二、 会议审议事项 本次股东会审议议案及投票股东类型 | 序号 | | 议案名称 | | 投票股东类型 | | --- | --- | --- | --- | --- | | | | | 股股东 A | | | | | 非累积投票议案 | | | | 1 | 关于调整 2025 | 年日常关联交易预计额度及预计 2026 | 年 | √ | | | 日常关联交易额度的议案 | | | | 1、 各议案已披露的时间和披露媒体 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的 ...

二、审议通过了《关于调整 2025 年日常关联交易预计额度及预计 2026 年日常关 联交易额度的议案》 因公司通过发行股份及支付现金的方式购买控股股东淮南矿业（集团）有限责任 公司持有的淮河能源电力集团有限责任公司（以下简称"电力集团"）89.30%股权（以 下简称"本次交易"）。因本次交易涉及的电力集团 89.30%股权交割过户及新增股份登 记手续均已完成，电力集团成为公司全资子公司，需追加审议其 2025 年全年关联交易。 同时为规范关联交易行为，及时披露相关信息，公司对 2026 年度日常关联交易情况进 行 了 预 计 （ 具 体 内 容 详 见 公 司 在 指 定 信 息 披 露 媒 体 及 上 海 证 券 交 易 所 网 站 http://www.sse.com.cn 刊登的临 2025-063 号公告）。 本议案已经公司独立董事专门会议审议通过，并同意提交公司董事会审议；公司 董事会在审议以上议案时，关联董事周涛、张文才、胡良理、杨运泽、束金根回避表 决。本议案尚需提请公司股东会审议。 证券代码：600575 证券简称：淮河能源 公告编号：临 2025-061 淮河能源（集团）股份有限公司 第八 ...

Group 1 - The coal mining sector experienced a slight decline of 0.04% on December 30, with Huaihe Energy leading the drop [1] - The Shanghai Composite Index closed at 3965.12, showing no change, while the Shenzhen Component Index rose by 0.49% to 13604.07 [1] - Key stocks in the coal mining sector showed mixed performance, with notable gainers including Electric Power Investment Energy (+2.38%) and Jiangxi Tungsten Industry (+1.04%) [1] Group 2 - Huaihe Energy saw a significant decline of 2.60%, closing at 3.37, with a trading volume of 624,400 shares and a turnover of 212 million yuan [2] - The coal mining sector faced a net outflow of 201 million yuan from major funds, while retail investors contributed a net inflow of 163 million yuan [2] - The stock performance of various companies indicated a trend of net outflows from major funds, with Shaanxi Coal and Chemical Industries showing a net inflow of 99.04 million yuan [3]

Core Viewpoint - Huaihe Energy's stock has experienced a decline of 14.61% this year, with a recent drop of 2.02% on December 30, 2023, reflecting ongoing challenges in the coal and energy sector [1][2]. Company Overview - Huaihe Energy (Group) Co., Ltd. is located in Huainan City, Anhui Province, and was established on November 29, 2000. The company was listed on March 28, 2003. Its main business activities include railway transportation, coal trading, thermal power generation, and electricity sales [1]. - The revenue composition of Huaihe Energy is as follows: logistics trade 68.73%, electricity 22.26%, coal sales 5.75%, railway transportation 2.61%, and others 0.65% [1]. Financial Performance - For the period from January to September 2025, Huaihe Energy reported an operating income of 21.303 billion yuan, a year-on-year decrease of 9.71%. The net profit attributable to shareholders was 752 million yuan, down 10.69% year-on-year [2]. - The company has distributed a total of 1.099 billion yuan in dividends since its A-share listing, with 466 million yuan distributed over the past three years [3]. Shareholder Information - As of December 20, 2023, Huaihe Energy had 58,300 shareholders, a decrease of 0.75% from the previous period. The average number of circulating shares per shareholder increased by 0.76% to 66,615 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, holding 16.3387 million shares, and Southern CSI 1000 ETF, holding 14.1953 million shares, with changes in their holdings noted [3]. Market Activity - On December 30, 2023, Huaihe Energy's stock price was 3.39 yuan per share, with a trading volume of 124 million yuan and a turnover rate of 0.93%. The total market capitalization was 24.295 billion yuan [1]. - The stock has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on May 9, where it recorded a net purchase of 67.0857 million yuan [1].

Group 1 - The core viewpoint of the news is that Huaihe Energy's stock has experienced a decline in price and trading volume, with a notable drop of 12.34% year-to-date and a recent decrease of 3.33% over the last five and twenty trading days [1][2] - As of December 29, Huaihe Energy's stock price was reported at 3.48 yuan per share, with a total market capitalization of 24.94 billion yuan [1] - The company has seen a net inflow of main funds amounting to 4.64 million yuan, with significant buying and selling activity from large orders [1] Group 2 - Huaihe Energy, established on November 29, 2000, and listed on March 28, 2003, operates in sectors including railway transportation, coal trading, thermal power generation, and electricity sales [2] - The company's revenue composition is as follows: logistics trade 68.73%, electricity 22.26%, coal sales 5.75%, railway transportation 2.61%, and others 0.65% [2] - For the period from January to September 2025, Huaihe Energy reported a revenue of 21.30 billion yuan, a year-on-year decrease of 9.71%, and a net profit attributable to shareholders of 752 million yuan, down 10.69% year-on-year [2] Group 3 - Since its A-share listing, Huaihe Energy has distributed a total of 1.10 billion yuan in dividends, with 466 million yuan distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with changes in their holdings noted [3]

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the coal industry [6]. Core Insights - The coal pricing policy in China has shifted from administrative price stabilization to market-oriented flexible regulation from 2022 to 2025, with a focus on optimizing supply structure and enhancing cost support [1][17]. - The complete cost of coal enterprises in major production areas provides a bottom support for port prices, with the support level estimated at approximately 574 RMB/ton for Shanxi and Shaanxi regions [2][30]. - The coal industry is expected to maintain its role as a cornerstone of China's energy system, with supply constraints and gradual energy structure transformation supporting a high price level for coal [11]. Summary by Sections 1. Special Research - The shift in coal pricing policy aims to stabilize energy supply while ensuring reasonable profits for coal and electricity sectors [1]. - The complete cost structure of coal enterprises includes production costs, period expenses, and taxes, with a focus on maintaining energy security and sustainable development [21]. 2. Market Review - The Shanghai Composite Index rose by 1.91% from December 13 to December 26, while the coal index fell by 0.35%, underperforming the overall market [3][32]. 3. Market Information Tracking - As of December 24, 2025, the average price of thermal coal in the Bohai Rim was reported at 695 RMB/ton, reflecting a decrease of 8 RMB/ton from December 10, 2025 [4]. - The price of coking coal at Jing Tang Port was reported at 1740 RMB/ton, an increase of 110 RMB/ton from December 12, 2025 [9]. 4. Industry Dynamics - The National Development and Reform Commission has issued guidelines to enhance the clean and efficient utilization of coal, encouraging upgrades and improvements in coal projects [10]. - The 2026 National Energy Work Conference emphasized the importance of policy support in addressing development challenges within the energy sector [10]. 5. Investment Portfolio and Recommendations - The report suggests focusing on companies with high long-term contract ratios for stable profits, such as China Shenhua, Shaanxi Coal, and China Coal Energy [11]. - It also highlights cyclical stocks like Yanzhou Coal and Jinkong Coal, as well as integrated coal and power companies like Xinji Energy and Huaihe Energy as potential investment opportunities [11].

格隆汇12月27日｜据红星资本局，12月26日，中国证券监督管理委员会安徽监管局连发三份行政处罚决 定书，对涉及内幕交易淮河能源的赵瑜、刘强、马进华三人进行处罚。值得关注的是，根据处罚内容， 其中两人再现"亏损式"内幕交易。根据处罚决定书内容，淮河能源于2024年12月16日晚发布《关于筹划 重大资产重组事项的停牌公告》。 在内幕信息敏感期内，"赵瑜"账户由赵瑜本人控制使用，交易"淮河能源"股票，"赵瑜"证券账户买 入"淮河能源" 47万6500股，买入206万元，后卖出47万6400股，卖出金额为155万元，持有余股100股， 扣除税费后亏损51万元。刘强被认定为法定内幕信息知情人，调查显示，刘强在内幕信息敏感期内，通 过"曹某云"普通证券账户及信用账户多次买入淮河能源股票，共计164万股，累计买入金额为664万元， 后又全部卖出，最终亏损28万元。刘强的行为违反了《证券法》的相关规定，构成内幕交易。安徽证监 局决定对刘强处以200万元罚款，并要求其在收到处罚决定书之日起15日内将罚款汇交国库。 ...

证券代码：600575 证券简称：淮河能源 公告编号：临2025-060 淮河能源（集团）股份有限公司关于发行股份及支付现金购买资产暨关联交易之发行结果暨股本变动的 公告 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： ● 发行数量和价格 股票种类：人民币普通股（A股） 发行价格：3.03元/股 发行数量：3,280,531,105股 ● 预计上市时间 淮河能源（集团）股份有限公司（以下简称"公司"或"淮河能源"）本次发行股份及支付现金的方式购买 资产涉及的新增股份已于2025年12月25日在中国证券登记结算有限责任公司上海分公司（以下简称"中 证登上海分公司"）办理完毕股份登记手续。本次新增股份为有限售条件的流通股，淮南矿业（集团） 有限责任公司（以下简称"淮南矿业"）通过本次交易取得的对价股份限售期为36个月。本次发行新增股 份在其限售期满的次一交易日（如遇法定节假日或休息日，则顺延至其后的第一个交易日）可在上海证 券交易所（以下简称"上交所"）上市交易，限售期自股份发行结束之日起开始计算。 ● 资产过户情况 ...

北京市金杜律师事务所 关于淮河能源（集团）股份有限公司 发行股份及支付现金购买资产暨关联交易之 实施情况的法律意见书 致：淮河能源（集团）股份有限公司 北京市金杜律师事务所（以下简称本所）接受淮河能源（集团）股份有限公 司（以下简称上市公司或淮河能源）委托，担任淮河能源拟通过发行股份及支付 现金的方式向淮南矿业（集团）有限责任公司（以下简称交易对方或淮南矿业） 购买其持有的淮河能源电力集团有限责任公司（以下简称电力集团或标的公司） 89.30%股权（以下简称本次交易）的专项法律顾问。 为本次交易，本所已出具《北京市金杜律师事务所关于淮河能源（集团）股 份有限公司发行股份及支付现金购买资产暨关联交易的法律意见书》（以下简称 《法律意见书》）、《北京市金杜律师事务所关于淮河能源（集团）股份有限公 司发行股份及支付现金购买资产暨关联交易的补充法律意见书》（以下简称《补 充法律意见书（一）》）、《北京市金杜律师事务所关于淮河能源（集团）股份 有限公司发行股份及支付现金购买资产暨关联交易的补充法律意见书（二）》 （以下简称《补充法律意见书（二）》）、《北京市金杜律师事务所关于淮河能 源（集团）股份有限公司发行股份及支付 ...