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。 根据《上海证券交易所上市公司自律监管指引第 3 号——行业信息披露第十 三号—化工》有关规定和披露要求，云南煤业能源股份有限公司（以下简称公司） 2025 年前三季度主要经营数据如下： | 主要 | 经营指标 | 单位 | 2025 年 1-9 月 | 2024 年 1-9 月 | 本期比上年同 | | --- | --- | --- | --- | --- | --- | | 产品 | | | | | 期增减（%） | | 焦炭 | 产量 | 吨 | 1,941,810.12 | 1,702,753.83 | 14.04 | | | 销量 | 吨 | 1,936,630.78 | 1,711,983.42 | 13.12 | | | 收入 | 元 | 3,104,732,395.49 | 4,285,483,628.55 | -27.55 | | | 成本 | 元 | 3,128,090,664.50 | 4,335,784,584.80 | -27.85 | | | 毛利 | ...

Financial Performance - The company's operating revenue for the third quarter was ¥1,388,382,022.48, a decrease of 11.53% compared to the same period last year[4] - The total profit for the quarter was a loss of ¥20,895,288.91, with a year-to-date loss of ¥183,870,664.92[4] - The net profit attributable to shareholders was a loss of ¥18,335,920.67 for the quarter, and a loss of ¥181,786,652.55 year-to-date[4] - Total operating revenue for the first three quarters of 2025 was approximately ¥3.96 billion, a decrease of 23.1% compared to ¥5.14 billion in the same period of 2024[26] - The net profit for the first three quarters of 2025 was a loss of approximately ¥183.45 million, compared to a loss of ¥307.77 million in the same period of 2024, representing an improvement of 40.5%[28] - The company's operating revenue for the first three quarters of 2025 was CNY 3,088,829,162.07, a decrease of 27.2% compared to CNY 4,242,387,551.97 in the same period of 2024[38] - The net profit for the first three quarters of 2025 was CNY 4,275,605.99, recovering from a net loss of CNY 51,387,603.54 in the first three quarters of 2024[38] Cash Flow - The cash flow from operating activities for the year-to-date was ¥553,602,583.82, showing a significant increase of 1,021.86%[5] - Net cash flow from operating activities reached 1,021.86 million yuan, primarily due to a decrease in cash paid for raw material procurement compared to the same period last year[10] - The cash flow from operating activities for the first three quarters of 2025 was approximately ¥553.60 million, significantly up from ¥49.35 million in the same period of 2024[31] - The total cash flow from financing activities was negative CNY 457,673,810.90, compared to a positive cash flow of CNY 45,148,361.16 in the previous period[32] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 534,712,509.47, a significant increase from CNY 150,527,063.17 in the same period of 2024, representing a growth of approximately 254%[39] - Total cash inflow from operating activities reached CNY 2,332,923,706.38, compared to CNY 1,941,565,740.92 in the previous year, indicating an increase of about 20%[39] Assets and Liabilities - The total assets at the end of the reporting period were ¥8,588,959,598.14, a decrease of 12.70% from the end of the previous year[5] - The company's total assets decreased to CNY 6,593,032,885.73 from CNY 9,228,086,183.41 year-over-year[36] - The total liabilities as of the reporting date were approximately ¥5.68 billion, a decrease of 15.8% from ¥6.75 billion in the previous year[24] - The total liabilities decreased to CNY 3,140,457,948.18 from CNY 5,779,473,124.99 year-over-year[36] - The company's current liabilities totaled approximately 4.15 billion yuan, down from 5.24 billion yuan at the end of 2024[22] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,013[13] - The largest shareholder, Kunming Steel Holding Co., Ltd., holds 58.19% of the shares, amounting to 645,896,916 shares[13] - The total equity attributable to shareholders was approximately ¥2.84 billion, down from ¥3.02 billion in the previous year, reflecting a decrease of 5.9%[24] - The total equity increased slightly to CNY 3,452,574,937.55 from CNY 3,448,613,058.42 year-over-year[36] Expenses - The company reported a decrease in financial expenses, but still faced losses due to tight coking coal resources and insufficient demand from upstream steel mills[9] - The company reported a decrease in financial expenses by 38.09 million yuan due to lower financing costs and scale compared to the same period last year[10] - The company's financial expenses for the first three quarters of 2025 were approximately ¥67.34 million, down 38.2% from ¥108.77 million in the same period of 2024[27] - Research and development expenses for the first three quarters of 2025 were approximately ¥11.66 million, an increase of 18.7% compared to ¥9.81 million in the same period of 2024[27] - Research and development expenses increased significantly to CNY 5,487,478.57 from CNY 1,238,936.92 in the previous year, indicating a focus on innovation[38] Asset Management - Cash and cash equivalents increased to 54.73 million yuan due to the disposal of idle assets from Anning subsidiary and increased cash collections from Shizong company[10] - Accounts receivable decreased by 39.76 million yuan primarily due to a reduction in receivables from coke sales compared to the end of the previous year[10] - Prepayments increased by 458.49 million yuan mainly due to higher advance payments for raw coal procurement compared to the end of the previous year[10] - Contract liabilities rose by 111.10 million yuan as a result of increased prepayments for coking products compared to the end of the previous year[10] - Cash received from the disposal of fixed assets amounted to 412.63 million yuan, mainly from the disposal of idle fixed assets from Anning subsidiary[11] - The company approved the public transfer of idle assets from its Anning branch, with an assessed value of 72.19 million yuan, and successfully sold them for 122.24 million yuan[18] Legal Matters - The company is actively responding to a lawsuit regarding a railway cargo transport contract dispute, with court hearings held in August 2025[17] Future Plans - The company plans to apply for a loan of 19 million yuan from Bohai Bank, with a two-year term, secured by its subsidiary's property[17]

云煤能源公告，第三季度营收为13.88亿元，同比下降11.53%；净利润亏损1833.59万元。前三季度营收 为39.56亿元，同比下降23.07%；净利润亏损1.82亿元。 ...

Core Insights - The coke sector experienced a 0.43% increase on October 27, with Shaanxi Black Cat leading the gains [1] - The Shanghai Composite Index closed at 3996.94, up 1.18%, while the Shenzhen Component Index closed at 13489.4, up 1.51% [1] Sector Performance - Shaanxi Black Cat (601015) closed at 4.27, up 3.64% with a trading volume of 1.4962 million shares and a turnover of 631 million yuan [1] - Antai Group (600408) closed at 2.94, up 2.44% with a trading volume of 1.9995 million shares and a turnover of 581 million yuan [1] - Shanxi Coking Coal (600740) closed at 4.29, up 0.94% with a trading volume of 892,600 shares and a turnover of 381 million yuan [1] - Baotailong (601011) closed at 3.75, up 0.54% with a trading volume of 2.26 million shares and a turnover of 843 million yuan [1] - Yunnan Coal Energy (600792) closed at 4.65, up 0.43% with a trading volume of 1.0496 million shares and a turnover of 484 million yuan [1] - Meijin Energy (000723) closed at 4.89, down 1.01% with a trading volume of 948,200 shares and a turnover of 464 million yuan [1] - Yunwei Co. (600725) closed at 3.68, down 1.34% with a trading volume of 327,100 shares and a turnover of 121 million yuan [1] Capital Flow - The coke sector saw a net inflow of 134 million yuan from main funds, while retail funds experienced a net outflow of 93.52 million yuan [1] - Main fund inflows for Shaanxi Black Cat amounted to 50.44 million yuan, while retail funds saw a net outflow of 21.87 million yuan [2] - Antai Group had a main fund inflow of 29.62 million yuan, with retail funds experiencing a net outflow of 20.80 million yuan [2] - Baotailong recorded a main fund inflow of 20.23 million yuan, with retail funds seeing a net outflow of 0.49 million yuan [2] - Meijin Energy had a main fund inflow of 12.63 million yuan, while retail funds experienced a net outflow of 33.43 million yuan [2] - Yunnan Coal Energy saw a main fund inflow of 10.28 million yuan, with retail funds experiencing a net outflow of 0.12 million yuan [2] - Shanxi Coking Coal recorded a main fund inflow of 8.98 million yuan, while retail funds saw a net outflow of 1.75 million yuan [2] - Yunwei Co. had a main fund inflow of 2.02 million yuan, with retail funds experiencing a net inflow of 0.62 million yuan [2]

Market Performance - Major stock indices in the A-share market saw significant gains, with the ChiNext Index rising over 3% and the Sci-Tech 50 Index increasing over 4% [1][3] - The Shanghai Composite Index closed up 0.71% at 3950.31 points, while the Shenzhen Component Index rose 2.02% to 13289.18 points [1][3] - Total trading volume in the Shanghai and Shenzhen markets reached 199.18 billion CNY, an increase of over 33 billion CNY compared to the previous day [1] Sector Highlights - The semiconductor and chip sectors experienced a strong rally, with companies like Puran and Xiangnong Chip both hitting the 20% daily limit up, and Jiangbolong rising over 16% [1][5] - AI-related stocks also surged, with companies such as Kexiang and Shengyi Electronics reaching the 20% limit up, and Zhongji Xuchuang continuing to set new highs [1][9] - The satellite navigation sector saw significant gains, with stocks like China Satellite and Guanghe Technology hitting the daily limit up [1] Notable Stock Movements - The newly listed company Super Eagle Electronics saw its stock price soar nearly 400%, closing at 84.99 CNY per share, with an intraday high of 99.77 CNY, resulting in a profit of over 41,000 CNY per lot at the peak [1] - Notably, the stocks of Hanwha and Zhongji Xuchuang had trading volumes exceeding 100 billion CNY, ranking first and second in the A-share market [2] Coal Sector Decline - The coal sector experienced a sharp decline, with companies like Antai Group and Yunmei Energy hitting the daily limit down, and Dayou Energy dropping over 6% [1][12][14] - Dayou Energy had previously seen a cumulative increase of nearly 150% over the last ten trading days, prompting a risk warning from the company regarding potential irrational speculation [13]

Core Viewpoint - Yunmei Energy (600792) experienced a significant drop, hitting the daily limit down with a trading volume of 4.66 billion yuan and a turnover rate of 8.96% [1][2]. Trading Activity - The stock was listed on the Shanghai Stock Exchange's watchlist due to a daily decline of 10.63% [2]. - The total net selling by brokerage seats amounted to 49.61 million yuan, with the top buying brokerage being Dongfang Caifu Securities, which purchased 6.47 million yuan, while the largest selling brokerage was Kaiyuan Securities, selling 33.65 million yuan [2][4]. Historical Performance - Over the past six months, the stock has appeared on the watchlist six times, with an average price drop of 1.86% the day after being listed and an average decline of 6.54% in the following five days [3]. Financial Performance - In the first half of the year, Yunmei Energy reported a revenue of 2.568 billion yuan, a year-on-year decrease of 28.14%, and a net loss of 163 million yuan [4].

Market Overview - A-shares experienced a collective surge on October 24, with the Shanghai Composite Index reaching a 10-year high, while the ChiNext Index and STAR 50 Index saw significant gains [1][4] - The Shanghai Composite Index closed up 0.71% at 3950.31 points, the Shenzhen Component Index rose 2.02% to 13289.18 points, and the ChiNext Index increased by 3.57% to 3171.57 points [1][4] - The total trading volume in the Shanghai and Shenzhen markets reached 199.18 billion yuan, an increase of over 33 billion yuan compared to the previous day [1] Sector Performance - The semiconductor and chip sectors saw explosive growth, with stocks like Purun Co. and Xiangnong Chip rising by 20% to hit the daily limit, while Jiangbolong surged over 16% [1][5] - AI-related stocks, including CPO concept stocks, also experienced significant gains, with Kexiang Co. and Shengyi Electronics both hitting the daily limit of 20% [1][10] - The satellite navigation sector emerged strongly, with companies like China Satellite and Guanghe Technology reaching their daily limits [1] Notable Stocks - The newly listed company, Chaoying Electronics, saw a dramatic increase of nearly 400%, closing at 84.99 yuan per share, with an intraday high of 99.77 yuan, resulting in a profit of over 41,000 yuan per share for investors [1] - Notably, the top two stocks by trading volume were Hanwujing and Zhongji Xuchuang, with transaction volumes of 23.4 billion yuan and 23.03 billion yuan, respectively [2] Coal Sector Decline - The coal sector faced a sharp decline, with companies like Antai Group and Yunmei Energy hitting their daily limit down, and Dayou Energy dropping over 6% [1][14] - Antai Group and other coal companies have faced significant losses, with Antai Group's net profit projected to be negative for the upcoming years [16] Policy and Future Outlook - The recent meeting of the Chinese Communist Party emphasized accelerating high-level technological self-reliance and innovation, which is expected to drive growth in advanced manufacturing and hard technology sectors [7][8] - The CPO (Co-Packaged Optics) technology is anticipated to enter commercial use between 2024 and 2025, with a projected market revenue of 2.6 billion USD by 2033, indicating strong future growth potential in the optical interconnect technology sector [12]

Market Performance - A-shares experienced a significant rise on October 24, with the Shanghai Composite Index reaching a new high for the year, closing up 0.71%, the Shenzhen Component Index up 2.02%, and the ChiNext Index up 3.57% [2] Sector Highlights - The storage chip sector saw substantial gains, with companies like Puran Technology and Xiangnan Chip Innovation hitting the daily limit [3] - CPO and PCB-related computing hardware stocks surged, with Shengyi Electronics also reaching the daily limit, and Zhongji Xuchuang rising over 10% to a new high [5] - The commercial aerospace concept stocks were strong, with China Satellite and Shanghai Huguang hitting the daily limit [7] Notable Stock Movements - Key stocks with significant price increases included: - Kexiang Technology (300903) up 20.00% to 14.76 - Puran Technology (688766) up 20.00% to 142.87 - Xiangnan Chip Innovation (300475) up 20.00% to 127.57 - Aerospace Intelligent Equipment (300465) up 19.98% to 19.76 [4][8] - Other notable gainers included Shengyi Electronics (688183) up 19.99% to 88.94 and Zhongji Xuchuang (300308) up 12.05% to 494.00 [6] Regional Developments - The Anhui state-owned assets concept saw localized movements, with Anhui Construction (600502) hitting the daily limit following the release of a new management plan for state assets in Anhui Province [10]

Market Performance - The A-share market experienced a significant rise on October 24, with the Shanghai Composite Index reaching a new high for the year, closing up 0.71%, the Shenzhen Component Index up 2.02%, and the ChiNext Index up 3.57% [2] Storage Chip Sector - The storage chip sector saw substantial gains, with companies like Purun Co. and Shannon Chip Innovation hitting the daily limit up [3] Commercial Aerospace Stocks - Commercial aerospace concept stocks performed strongly, with companies such as China Satellite and Shanghai HuGong reaching the daily limit up [6] Coal and Gas Sector Adjustments - The coal and gas sectors faced corrections, with companies like Baichuan Energy and Yunmei Energy hitting the daily limit down [8][9] Anhui State-Owned Assets - There was a notable movement in Anhui state-owned assets, with Anhui Construction hitting the daily limit up, followed by other companies like Jianyan Design and Ankai Bus [10] Policy Developments in Anhui - The Anhui provincial government issued a comprehensive management plan for state-owned assets, focusing on reform policies, data collection, resource allocation, and supervision mechanisms to enhance management efficiency [16]

Market Overview - The A-share market saw all three major indices rise, with the Shanghai Composite Index reaching a 10-year high, closing up 0.71% at 3950.31 points [1][2] - The total market turnover was 1.99 trillion yuan, an increase of 330.9 billion yuan from the previous trading day, with over 3000 stocks rising [1] Sector Performance - The storage chip and semiconductor sectors experienced significant gains, with stocks like Baiwei Storage and TuoJing Technology hitting the daily limit [4] - The commercial aerospace sector also saw strong performance, with companies like Aerospace Intelligence and China Satellite reaching their daily limits [6] - Conversely, the coal sector faced a pullback, with major companies like Antai Group and Yunmei Energy dropping over 9% [8] Notable Stocks - Baiwei Storage (688525) rose by 10.70% to 119.10 yuan, with a total market value of 55.585 billion yuan, up 92.19% year-to-date [5] - TuoJing Technology (688072) increased by 10.55% to 286.00 yuan, with a market value of 80.413 billion yuan, up 86.44% year-to-date [5] - Aerospace Universe (688523) surged by 11.88% to 24.95 yuan, with a market value of 10.152 billion yuan, up 24.75% year-to-date [7] Industry Trends - The semiconductor industry is expected to enter a "super cycle" driven by the AI boom, with Morgan Stanley predicting significant growth in the storage chip sector [4] - Apple's upcoming AI glasses and strong demand for the iPhone 17 are contributing to a bullish outlook for the consumer electronics sector [6] - The commercial aerospace industry is entering a rapid development phase, supported by recent policy announcements [6] Economic Outlook - Long-term trends suggest a potential stabilization of the A-share market, with improving profit expectations and supportive policies likely to enhance valuations [9] - Short-term perspectives indicate a continuation of a strong market trend, driven by economic growth targets and potential liquidity easing measures [10]