Company Overview: Suneng Co., Ltd. Industry and Company Background - Suneng Co., Ltd. is a state-owned commercial company under the Jiangsu Provincial Government, primarily engaged in coal, electricity, and renewable energy sectors [1][2] - The company's future development strategy focuses on coal-based industries while actively promoting renewable energy and strategic mineral resources [1] Key Business Segments Coal Business - Current coal production capacity is 18.3 million tons annually, with operations in Xinjiang, Shaanxi, Gansu, and Xuzhou [1] - In the first three quarters of 2024, raw coal production reached 14.001 million tons, a year-on-year increase of 17.39% [2] - The company successfully acquired exploration rights for 36 million tons of coal reserves from Baiguan Coal Industry [3] Electricity Business - Total installed capacity of electricity generation projects under construction is 2,700 MW, including a 1,000 MW coastal power project that commenced operations at the end of last year [1][3] - Electricity generation in the first half of the year was 5.963 billion kWh, a 39.19% increase year-on-year, with sales revenue reaching 2.351 billion yuan, up 46.46% [3] Renewable Energy Projects - Plans to achieve a renewable energy installed capacity of 2,200 MW by 2026 [2] - Currently, there are 33 renewable energy projects under construction with a total capacity of 812 MW [5] Strategic Partnerships and Resource Development - Signed a strategic cooperation agreement with Jiangsu Geological Bureau to explore mineral resource development [2] - The company is focusing on non-coal mining business, with 133 types of minerals identified in Jiangsu Province [5] Financial Performance and Market Dynamics - The average coal price in the Xuzhou region is around 1,100 yuan per ton, showing a slight decline compared to last year [8] - The company reported a significant increase in sales volume, with coal sales reaching 12.1136 million tons, a 21.02% increase year-on-year [3] - Despite revenue growth, net profit for the electricity sector was only around 20 million yuan due to high operational costs and tax liabilities [17][19] Future Outlook - The company anticipates that the two major power plants will significantly enhance revenue and profitability once operational [4][20] - Plans to continue exploring coal resources domestically and potentially overseas, depending on market conditions [13] - The company is also considering acquisitions in the non-coal mining sector to expand its resource base [21] Additional Insights - The company is committed to sustainable development while ensuring shareholder returns [6] - There is an ongoing focus on cost management, with rising costs attributed to changes in sales structure and market conditions [12][19] - The company is optimistic about maintaining stable electricity prices in the coming year, supported by the robust energy market in Jiangsu [11] This summary encapsulates the key points from the conference call, highlighting the company's strategic direction, operational performance, and market outlook.

证券代码：600925 证券简称：苏能股份 江苏徐矿能源股份有限公司 投资者关系活动记录表 编号：2024-009 | --- | --- | --- | |--------------------|--------------------------|-------------------------------------------------| | | | | | | □ | 特定对象调研 □分析师会议 | | 投资者关系活动 | □媒体采访 R | 业绩说明会 | | 类别 | □ 新闻发布会 £路演活动 | | | | £ | 现场参观 £其他（一对一沟通） | | 参与单位名称 | 线上参与苏能股份 者 | 2024 年第三季度业绩说明会的投资 | | 时间 | 2024 年 11 月 27 | 日（周三）下午 14：00-15 ： 00 | | 地点 | 上证路演中心（网址： | https://roadshow.sseinfo.com/ ） | | | | | | | 1. 董事、总经理 | 张志远 | | 上市公司接待人员 | 2. 独立董事 侯晓红 | | | 姓名 | 3. 副总经理、 ...

证券代码：600925 证券简称：苏能股份 公告编号：2024-035 江苏徐矿能源股份有限公司 关于注销募集资金专项账户的公告 本公司董事会及除冯兴振外的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。 鉴于江苏徐矿能源股份有限公司（以下简称"公司"）首次公开发行股票募 集资金专项账户资金已基本使用完毕，近日，公司按照相关法律、法规和规范性 文件的规定完成了募集资金专项账户的注销手续，并将结余募集资金利息收入转 入自有资金账户，现将具体情况说明如下： 一、募集资金基本情况 根据中国证券监督管理委员会于 2023 年 2 月 7 日出具的《关于核准江苏徐 矿能源股份有限公司首次公开发行股票的批复》（证监许可〔2023〕262 号）， 并经上海证券交易所同意，公司首次公开发行人民币普通股 688,888,889 股，每 股面值为人民币 1 元，发行价格为每股人民币 6.18 元，募集资金总额为人民币 4,257,333,334.02 元，扣除发行费用后实际募集资金净额为人民币 4,000,036,783.25 元。苏亚金诚会计师事务所（特殊普 ...

证券代码：600925 证券简称：苏能股份 公告编号：2024-034 江苏徐矿能源股份有限公司 关于召开 2024 年第三季度业绩说明会 的公告 本公司董事会及除冯兴振外的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： （网址：https://roadshow.sseinfo.com/） 江苏徐矿能源股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 日 发布公司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年第三季度经营成果、财务状况，公司计划于2024年11月27日下午 14:00 ~15:00 举行 2024 年第三季度业绩说明会（以下简称"业绩说明会"），就投资者关心 1 会议召开时间：2024 年 11 月 27 日（星期三） 下午 14:00 ~15:00 会议召开地点：上海证券交易所上证路演中心 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 11 月 20 日（星期三）至 11 月 26 日（星期二）16:00 前登录上证路演中心网站首页点击"提 ...

Financial Performance - The company's operating revenue for Q3 2024 reached ¥3,694,888,797.31, representing a 57.09% increase compared to the same period last year[4]. - Net profit attributable to shareholders decreased by 26.18% to ¥307,490,891.93 for Q3 2024, and by 33.60% to ¥1,252,033,549.63 for the year-to-date[4]. - The basic earnings per share for Q3 2024 was ¥0.04, down 33.33% year-on-year, while the year-to-date figure was ¥0.18, down 35.71%[4][8]. - The weighted average return on equity decreased by 0.74 percentage points to 2.00% for Q3 2024, and by 5.69 percentage points to 7.83% year-to-date[4]. - The company reported a net profit margin improvement, with net profit for the first three quarters of 2024 showing a positive trend compared to the previous year, although specific figures were not disclosed in the provided data[21]. - The net profit for the third quarter of 2024 was CNY 1,441,352,500.81, a decrease of 30.5% compared to CNY 2,073,742,555.96 in the same period of 2023[22]. - The total profit for the third quarter was CNY 1,951,523,164.96, down from CNY 2,539,049,058.91, reflecting a decline of 23.1% year-over-year[22]. - Operating profit for the third quarter was CNY 1,967,112,383.19, compared to CNY 2,552,639,401.89 in the previous year, marking a decrease of 22.9%[22]. - The total comprehensive income for the third quarter was CNY 1,444,066,354.27, compared to CNY 2,076,311,964.34 in the previous year, indicating a decrease of 30.5%[23]. - Basic earnings per share for the third quarter were CNY 0.18, down from CNY 0.28 in the same period of 2023, a decline of 35.7%[23]. Revenue and Sales - The increase in operating revenue was primarily driven by the commissioning of new power plants and an increase in coal sales[8]. - Total operating revenue for the first three quarters of 2024 reached CNY 10,422,463,260.56, an increase from CNY 8,636,765,916.06 in the same period of 2023, representing a growth of approximately 20.7%[21]. - The total sales volume of commercial coal was 1,258.10 million tons, up 26.23% from 996.71 million tons year-on-year[12]. - The sales revenue from commercial coal amounted to 552,483.22 million yuan, reflecting a slight increase of 1.83% compared to 542,579.90 million yuan in the previous year[12]. - The gross profit from commercial coal sales decreased by 16.99%, totaling 257,582.17 million yuan compared to 310,297.89 million yuan in the same period last year[12]. Assets and Liabilities - Total assets at the end of Q3 2024 amounted to ¥39,185,066,901.60, reflecting a 3.41% increase from the end of the previous year[4]. - The company's total assets increased to CNY 39,185,066,901.60 in Q3 2024, compared to CNY 37,891,976,477.11 in Q3 2023, reflecting a growth of approximately 3.4%[20]. - Total liabilities as of Q3 2024 were CNY 21,259,944,810.99, up from CNY 20,153,682,247.48 in the previous year, marking an increase of about 5.5%[19]. - The company's total equity as of Q3 2024 was CNY 17,925,122,090.61, up from CNY 17,738,294,229.63 in the previous year, reflecting a growth of approximately 1.1%[20]. - The total non-current assets reached CNY 27,544,626,464.89 in Q3 2024, compared to CNY 25,004,966,663.66 in Q3 2023, showing an increase of about 10.2%[18]. Cash Flow - The company reported a net cash flow from operating activities of ¥2,981,454,882.79 year-to-date, which is a decrease of 6.66% compared to the previous year[4]. - The cash flow from operating activities for the first three quarters of 2024 was CNY 2,981,454,882.79, down from CNY 3,194,054,764.71 in the same period of 2023, a decline of 6.7%[26]. - The company reported a net cash outflow from investing activities of CNY -3,687,080,751.40 for the first three quarters of 2024, compared to CNY -2,936,952,478.92 in the same period of 2023[26]. - The total cash inflow from financing activities was CNY 3,280,423,490.97, down from CNY 7,227,750,414.49 in the previous year, a decline of 54.5%[27]. - The company experienced a net cash decrease of CNY -1,905,196,834.29 in the third quarter, compared to an increase of CNY 2,198,067,371.04 in the same period of 2023[27]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 118,974[9]. - The major shareholder, Xuzhou Mining Group Co., Ltd., holds a 76.69% stake in the company[10]. - The company has not reported any changes in the participation of major shareholders in margin trading or securities lending activities[11]. Challenges and Issues - The company faced challenges due to a decline in coal prices and tax provisions from subsidiaries, impacting overall profitability[8]. - The company has accrued corporate income tax of 103,892,589.61 yuan for the reporting period, which will not significantly impact its operations[14]. - The company is currently facing tax compliance issues related to its subsidiary, Tianshan Mining, regarding the 2020 corporate income tax[14]. - Accounts receivable increased significantly to 1,852,033,643.49 yuan from 931,881,151.35 yuan at the end of 2023[15]. Research and Development - Research and development expenses for the first three quarters of 2024 amounted to CNY 234,570,329.57, slightly down from CNY 249,416,807.72 in 2023[21].

| 指标 | 2024 年 1~9 月 | 2023 年 1~9 月 | 增减幅（%） | | --- | --- | --- | --- | | 原煤产量（万吨） | 1,400.11 | 1,192.68 | 17.39 | | 商品煤产量（万吨） | 1,258.10 | 996.71 | 26.23 | | 商品煤销量（万吨） | 1,211.36 | 1,000.97 | 21.02 | | 商品煤销售收入（万 | 552,483.22 | 542,579.90 | 1.83 | | 元） | | | | | 商品煤销售成本（万 | 294,901.05 | 232,282.01 | 26.96 | | 元） | | | | | 商品煤销售毛利（万 | 257,582.17 | 310,297.89 | -16.99 | | 元） | | | | 证券代码：600925 证券简称：苏能股份 公告编号：2024-033 江苏徐矿能源股份有限公司 2024 年前三季度主要经营数据公告 本公司董事会及除冯兴振外的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 ...

证券代码：600925 证券简称：苏能股份 江苏徐矿能源股份有限公司 投资者关系活动记录表 编号：2024-008 | --- | --- | --- | |--------------------|--------------------------|------------------------------------------| | | | | | | □ | 特定对象调研 □分析师会议 | | 投资者关系活动 | □媒体采访 R | 业绩说明会 | | 类别 | □ 新闻发布会 £路演活动 | | | | £ | 现场参观 £其他（一对一沟通） | | 参与单位名称 | 线上参与苏能股份 | 2024 年半年度业绩说明会的投资者 | | 时间 | 2024 年 10 月 10 | 日（周四）上午 9：00~10：00 | | 地点 | 上证路演中心（网址： | https://roadshow.sseinfo.com/ ） | | | 1. 董事、总经理 | 张志远 | | 上市公司接待人员 | 2. 独立董事 | 郭中华 | | | 3. 独立董事 | 侯晓红 | | 姓名 | 4. 副总经理、 ...

证券代码：600925 证券简称：苏能股份 公告编号：2024-032 江苏徐矿能源股份有限公司 关于召开 2024 年半年度业绩说明会的公告 本公司董事会及除冯兴振外的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： 江苏徐矿能源股份有限公司（以下简称"公司"）已于 2024 年 8 月 28 日发 布公司 2024 年半年度报告，为便于广大投资者更全面深入地了解公司 2024 年半 年度经营成果、财务状况，公司计划于 2024 年 10 月 10 日上午 9:00~10:00 举行 2024 年半年度业绩说明会（以下简称"业绩说明会"），就投资者关心的问题 进行交流。 1 会议召开时间：2024 年 10 月 10 日（星期四）上午 9:00~10:00 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/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 9 月 26 日（星期四）至 10 月 9 日（星期三）16:00 前登录上证路演中心网站首页点 ...

Group 1: New Energy Development - As of June 30, 2024, the company has 33 grid-connected and under-construction projects with a total capacity of 812 MW, including a 200 MW energy storage project and various solar and wind projects [2] - By 2026, the company's new energy construction scale is expected to exceed 2200 MW, representing a significant increase [2] Group 2: Resource Acquisition - The company successfully acquired exploration rights for coal resources in the Baiguan area, covering approximately 16.08 km², with identified resources of 36.056 million tons [4] - The average calorific value of the coal in this area is 26.75 MJ/kg, classifying it as medium to high calorific coal [4] Group 3: Thermal Power Projects - The company has 3,320 MW of thermal power projects under construction, including two 1,000 MW units and two 660 MW units, with over 75% of the construction completed for the 1,000 MW project expected to be operational by 2025 [5] - The 1,000 MW coal-fired unit at SuNeng Coastal Power completed 168 hours of full-load trial operation by the end of 2023 and is now in commercial operation [4] Group 4: Financial Performance and Dividends - In Q1 2023, the company distributed cash dividends of 2 CNY per 10 shares, totaling approximately 1.378 billion CNY [6] - For the 2023 fiscal year, the total cash dividend distribution is expected to be 1.447 billion CNY, accounting for 60.37% of the net profit attributable to shareholders [6] Group 5: Capital Expenditure and Future Outlook - The company plans its 2024 investment based on coal production needs and the construction of thermal and new energy projects, ensuring sufficient funds for capital expenditures and future dividends [6] - The overall electricity demand in Jiangsu remains stable, with the company's comprehensive electricity price expected to maintain its current level [7]

江苏徐矿能源股份有限公司 回购股份管理制度 第一章 总则 第一条 为进一步规范江苏徐矿能源股份有限公司（以 下简称"公司"）回购股份行为，维护公司股东特别是中小 股东的合法权益，根据《中华人民共和国公司法》（以下简 称《公司法》）、《中华人民共和国证券法》（以下简称《证 券法》）《关于支持上市公司回购股份的意见》（以下简称 《意见》）《上市公司股份回购规则》（以下简称《规则》） 《上海证券交易所股票上市规则》《上海证券交易所上市公 司自律监管指引第 7 号——回购股份》等法律、法规、规范 性文件、交易所业务规则及《江苏徐矿能源股份有限公司章 程》（以下简称《公司章程》）的有关规定，结合公司实际 情况，特制定本制度。 第二条 因下列情形回购本公司股份的，适用本制度： （一）减少公司注册资本； （二）将股份用于员工持股计划或者股权激励； （三）将股份用于转换公司发行的可转换为股票的公司 债券； （四）为维护公司价值及股东权益所必需。 前款第（四）项所指情形，应当符合以下条件之一： （一）公司股票收盘价低于其最近一期每股净资产； - 1 - （二）连续二十个交易日内公司股票收盘价跌幅累计达 到 20%； （三）公司 ...