江苏徐矿能源股份有限公司 关于变更持续督导保荐代表人的公告 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。 证券代码：600925 证券简称：苏能股份 公告编号：2025-037 江苏徐矿能源股份有限公司董事会 2025 年 8 月 13 日 1 附件： 保荐代表人简历 吴莹，女，保荐代表人，曾参与德力佳主板 IPO 项目、恒顺醋业向特定对 象发行股票项目等，在保荐业务执业过程中严格遵守《证券发行上市保荐业务管 理办法》等相关规定，执业记录良好。 江苏徐矿能源股份有限公司（以下简称"公司"）于近日收到华泰联合证券 有限责任公司（以下简称"华泰联合"）出具的《华泰联合证券有限责任公司关 于更换江苏徐矿能源股份有限公司首次公开发行股票持续督导保荐代表人的 函》。 华泰联合作为首次公开发行股票的保荐机构，原指定沙伟先生、王德健先生 担任该项目的保荐代表人负责其保荐工作，持续督导期至 2025 年 12 月 31 日止。 现因原保荐代表人沙伟先生工作变动，不能继续担任持续督导期的保荐工作。为 保证持续督导工作的有序进行，华泰联合委派吴 ...

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于江苏徐矿能源股份有限公司 2025 年第三次临时股东会的 法律意见书 锦 天 城 律 师事务 所 ALLBRIGHT LAW OFFICES 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 传真: 021-20511999 电话: 021-20511000 邮编：200120 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于江苏徐矿能源股份有限公司 2025 年第三次临时股东会的 法律意见书 致:江苏徐矿能源股份有限公司 上海市锦天城律师事务所〈以下简称"本所"）接受江苏徐矿能源股份有限公 司(以下简称"公司")的委托,指派王斑律师、王贺贺律师出席公司 2025年 第三次临时股东会(以下简称"本次股东会"),并依据《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》和《上市公司股东 会规则》等法律、法规、规范性文件以及《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，出具本法律意见书。 为出具本法律意见书;本所及本所律师依据《律师事务所从事证券法律 业务管 ...

证券代码：600925 证券简称：苏能股份 公告编号：2025-036 江苏徐矿能源股份有限公司 2025年第三次临时股东会决议公告 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： (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 1、出席会议的股东和代理人人数 935 2、出席会议的股东所持有表决权的股份总数（股） 5,987,281,982 3、出席会议的股东所持有表决权股份数占公司有表决权股 份总数的比例（%） 86.9121 (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况 等。 (一) 股东会召开的时间：2025 年 08 月 12 日 (二) 股东会召开的地点：江苏省徐州市云龙区徐州伊敦康得思酒店三楼海苏 厅 本次股东会由公司董事会召集，公司董事长于洋先生主持，会议采取现场投 票和网络投票相结合的方式进行投票表决，表决方式符合《公司法》及《公司章 程》的规定。 (五) 公司董事和董事会秘书的出席情况 1、公司在任董事10人，出席10人，4 名独立董事均出席 ...

Group 1 - The total salary scale of CFOs in A-share listed companies reached 4.27 billion yuan in 2024, with an average annual salary of 814,800 yuan [1] - Huaihe Energy demonstrated strong growth with total revenue of 38.65 billion yuan and a total market value of 29.88 billion yuan, highlighting its significant position in the energy sector [1] - CFO Lu Gang of Huaihe Energy, with a college diploma, earned an annual salary of 1.22 million yuan in 2024, which is 400,000 yuan higher than the average salary of A-share CFOs [1] Group 2 - Lu Gang has a career history that includes various roles within Huaihe Energy, including Vice General Manager and Chief Accountant, showcasing his extensive experience in financial management [2] - In comparison, the CFO of Suneng Co., Cui Hengwen, who holds a master's degree, earned a salary of 600,000 yuan last year, indicating that Lu Gang's salary is double that of his peer [3]

Core Insights - As of August 6, a total of 105 stocks in the Shanghai and Shenzhen markets have experienced net buying from major funds for five consecutive days or more [1] - The stocks with the longest streak of net buying are Hongsheng Huayuan, Hu塑股份, Laofengxiang, Qingsong Jianhua, and Beijia Jie, each having received net buying for 11 consecutive trading days [1] - Other notable stocks with significant net buying days include Zhongnan Chuanmei, TCL Zhijia, Tengda Jianshe, Pudong Jianshe, Xinda Real Estate, Suneng Co., Daqin Railway, and Juxing Nongmu, each receiving net buying for 9 to 10 trading days [1]

江苏徐矿能源股份有限公司 2025 年第三次临时股东会会议资料 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 2025 年第三次临时股东会会议资料 2025 年八月 江苏徐矿能源股份有限公司 2025 年第三次临时股东会会议资料 目 录 | 2025 年第三次临时股东会会议须知 1 | | --- | | 2025 年第三次临时股东会会议议程 4 | | 议案一：关于补选江苏徐矿能源股份有限公司第三届董事会非独立董 | | 事的议案 5 | 为了维护江苏徐矿能源股份有限公司（以下简称"公司"）全体股东的合法 权益，确保本次股东会的正常秩序和议事效率，保证大会的顺利进行，依据《中 华人民共和国公司法》《中华人民共和国证券法》以及公司章程、股东会议事规 则的有关规定，特制订本须知： 一、公司董事会在本次股东会筹备工作和召开过程中，应当认真履行法定职 责，维护股东合法权益，公司全体董事对于股东会的正常召开负有诚信责任，保 证股东会依法履行职权。 二、出席本次股东会的对象为股权登记日登记在册的股东。依法享有《公司 章程》规定的各项权利，认真履行法定义务，依照所持有的股份份额行使表决权。 三、与 ...

Investment Rating - The industry investment rating is optimistic [1] Core Viewpoints - The report indicates that the inventory at Beigang is rapidly decreasing, and the price of coke has seen a third round of increases, leading to a continued rise in coking coal prices [4][10] - The coal supply is constrained due to heavy rains and typhoons, which, combined with the high temperatures during peak summer demand, is expected to push coal prices higher [4][11] - The report highlights that the coal sector has underperformed the market index, with the Shanghai Composite Index experiencing a pullback after surpassing 3600 points [5][38] Summary by Sections Market Performance - The equity market showed a downward trend, with the coal sector significantly underperforming the index, as indicated by a weekly decline of 4.67% in the coal sector [5][10] - The average daily trading volume remained around 1.8 trillion yuan, with fluctuations in financing purchases [5][10] Thermal Coal - The price of thermal coal continues to rise, driven by supply constraints from adverse weather conditions and regulatory checks on coal production [10][11] - The average daily consumption of coal by southern power plants has increased, reflecting a rise in demand due to high temperatures [10][12] Coking Coal - The price of coking coal has also increased, supported by a recovery in steel mill profitability and ongoing inventory replenishment despite some marginal demand weakening [23][24] - The report notes that the third round of price increases for coke has been implemented, further stimulating demand for coking coal [23][24] Shipping Situation - The number of vessels at anchor in the Bohai Rim has decreased, while shipping rates have risen across various routes, indicating a tightening supply chain [31][32] Industry News - A cooperation agreement has been established between Shizuishan and Hami for coal resource supply, indicating a strategic move towards regional energy collaboration [34] - The International Energy Agency projects a slight increase in global coal demand in 2025, driven by consumption growth in emerging economies [34]

Market Overview - As of 14:00, the Shanghai Composite Index is at 3607.62 points, with a slight decline of -0.06% [1] - The total trading volume of A-shares today is 14,725.33 billion yuan [1] Technical Analysis - A total of 51 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - HaHuan (301137) with a distance of -1.61% - BaiLi Electric (600468) with a distance of -1.18% - JingYun (601908) with a distance of -0.92% [1] Individual Stock Performance - HaHuan (301137) is down by -1.34% with a trading turnover of 3.48% and a latest price of 33.85 yuan, which is -4.08% from the 10-day moving average [1] - BaiLi Electric (600468) has decreased by -1.50% with a turnover of 1.91% and a latest price of 6.56 yuan, -4.39% from the 10-day moving average [1] - JingYun (601908) has dropped by -2.33% with a turnover of 2.38% and a latest price of 3.77 yuan, -4.02% from the 10-day moving average [1] Additional Stock Data - Other stocks showing a downward trend include: - SiFang (605122) down -3.17% with a latest price of 14.37 yuan - HaoLaiKe (603898) down -3.78% with a latest price of 10.19 yuan - HeDuan Intelligent (603011) down -1.14% with a latest price of 15.65 yuan [1] - Stocks with minor declines include: - SuNeng (600925) down -0.39% with a latest price of 5.07 yuan - ChangSha Bank (601577) up 0.70% with a latest price of 10.10 yuan [1][2]

Market Overview - The Shanghai Composite Index is at 3625.08 points, with a change of 0.43% [1] - The total trading volume of A-shares is 820.36 billion yuan [1] Stocks with Death Cross - 41 A-shares have seen their 5-day moving average cross below the 10-day moving average [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - HaHuan (301137) at -1.55% - BaiLi Electric (600468) at -1.12% - JingYunTong (601908) at -0.84% [1] Detailed Stock Performance - HaHuan (301137): Today's change is -0.70%, with a 5-day moving average of 34.76 yuan and a 10-day moving average of 35.31 yuan, showing a distance of -1.55% [1] - BaiLi Electric (600468): Today's change is -0.90%, with a 5-day moving average of 6.79 yuan and a 10-day moving average of 6.87 yuan, showing a distance of -1.12% [1] - JingYunTong (601908): Today's change is -1.55%, with a 5-day moving average of 3.90 yuan and a 10-day moving average of 3.93 yuan, showing a distance of -0.84% [1] Additional Stock Movements - Other stocks with notable movements include: - Ke (603898): -2.93% change, 5-day MA of 10.91 yuan, 10-day MA of 10.98 yuan, distance of -0.65% [1] - SiFang New Material (605122): -1.35% change, 5-day MA of 15.05 yuan, 10-day MA of 15.15 yuan, distance of -0.62% [1] - GuaiBao Pet (301498): 0.01% change, 5-day MA of 92.39 yuan, 10-day MA of 92.88 yuan, distance of -0.53% [1]

Group 1 - The major shareholder, Jiaoyin Financial Asset Investment Co., Ltd., holds 443,478,646 shares, accounting for 6.44% of the total share capital of Jiangsu Xukang Energy Co., Ltd. [1] - Jiaoyin Investment plans to reduce its holdings by up to 68,888,800 shares, which is not more than 1% of the total shares, through centralized bidding from August 20, 2025, to November 19, 2025, due to its own funding needs [1] - The shares to be reduced were acquired before the IPO, and there are no other arrangements from the shareholder regarding this reduction [1] Group 2 - The company has made commitments regarding the holding period and reduction of shares, stating that it will not transfer or manage the shares acquired before the IPO within 12 months of the stock's listing [2][4] - The reduction will comply with relevant laws and regulations, and the price will be determined based on the market price at the time of reduction [4] - The company confirms that the planned reduction is consistent with previously disclosed commitments [5]