[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a net loss for the first half of 2025, with preliminary unaudited estimates showing a significant decline in profitability Key Performance Forecast Data for H1 2025 | Metric | Estimated Amount (RMB Million) | | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | -129.21 | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Items | -144.73 | - This performance forecast has not been audited by a certified public accountant[3](index=3&type=chunk) [Prior Period Operating Performance](index=2&type=section&id=II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Position) In contrast to the current period's projected loss, the company achieved significant profitability in the prior period (H1 2024) H1 2024 (Prior Period) Performance Data | Metric | Amount | | :--- | :--- | | Total Profit | 901.33 million RMB | | Net Profit Attributable to Parent Company Shareholders | 758.48 million RMB | | Net Profit Attributable to Parent Company Shareholders After Deducting Non-Recurring Items | 769.70 million RMB | | Earnings Per Share | 0.6321 RMB | [Analysis of Performance Change](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period%20Performance%20Change) The shift from profit to loss is primarily attributed to significant year-over-year declines in both coal sales prices and volumes - The decline in profit leading to a loss in the current period is primarily due to the combined impact of decreased coal sales prices and reduced coal sales volume[6](index=6&type=chunk) Coal Volume and Price Changes (Year-over-Year) | Metric | Year-over-Year Change | Decrease Percentage (%) | | :--- | :--- | :--- | | Comprehensive Coal Sales Price | Decreased by 292.36 RMB/ton | 30.63 | | Commercial Coal Sales Volume | Decreased by 0.5047 million tons | 13 | [Risk Warning and Other Disclosures](index=2&type=section&id=IV.%20Risk%20Warning%20and%20Other%20Disclosures) The company confirms no material uncertainties affecting the forecast's accuracy, emphasizing that disclosed data is preliminary and subject to the final semi-annual report - The company states there are no material uncertainties affecting the accuracy of this performance forecast[7](index=7&type=chunk) - Investors are reminded that the current forecast data is preliminary, and final figures will be based on the official semi-annual report[8](index=8&type=chunk)

证券代码：600971 证券简称：恒源煤电 公告编号：2025-028 安徽恒源煤电股份有限公司 第八届董事会第十六次会议决议公告 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： 1.本次会议应出席董事8名，实际出席董事8名。 2.本次董事会全部议案均获通过，无反对票、弃权票。 一、董事会会议召开情况 安徽恒源煤电股份有限公司（以下简称"公司"）第八届董事会 第十六次会议通知于 2025 年 6 月 20 日以电子邮件、电话确认方式发 出，会议于 2025 年 6 月 25 日在公司九楼会议室以现场结合通讯方式 召开。会议应参会董事 8 人，全体董事参加了会议，会议由公司董事 长杨林先生主持。会议召开符合《公司法》、《公司章程》和《公司董 事会议事规则》的规定。 安徽恒源煤电股份有限公司董事会 2025 年 6 月 26 日 报备文件 1.安徽恒源煤电股份有限公司第八届董事会第十六次会议决议 为进一步规范和加强公司市值管理工作，明确公司市值管理的基 本原则、组织架构、职责分工和具体措施，更好地维护公司自身内在 ...

单位：万元 证券代码：600971 证券简称：恒源煤电 公告编号：2025-027 安徽恒源煤电股份有限公司 关于理财产品到期赎回的公告 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 担个别及连带责任。 安徽恒源煤电股份有限公司（以下简称"公司"）2024 年 8 月 20 日召开第八届董事会第九次会议审议通过了《关于使用闲置自有 资金开展投资理财业务的议案》，具体内容详见 2024 年 8 月 21 日 在上海证券交易所网站（www.sse.com.cn）披露的《关于使用闲置自 有资金开展投资理财业务的公告》（公告编号：2024-030）。公司于 2024 年 12 月 18 日购买的国新证券磐石添利收益凭证 2402 期，具体 内容详见 2024年12月19日在上海证券交易所网站（www.sse.com.cn） 披露的《关于公司使用闲置自有资金开展投资理财业务的进展公告》 （公告编号：2024-051），该收益凭证于 2025 年 6 月 23 日到期赎回， 具体赎回情况如下： 一、公司使用闲置自有资金购买理财产品到期赎回的情况 单 ...

证券代码：600971 证券简称：恒源煤电 公告编号：2025-026 安徽恒源煤电股份有限公司 关于理财产品到期赎回的公告 单位：万元 | 序 | 理财产品名称 | 实际投入金 | 实际收回本 | 实际收益 | 尚未收回 | | --- | --- | --- | --- | --- | --- | | 号 | | 额 | 金 | | 本金金额 | | 1 | 华 泰 证 券 聚 益 第 | | | | | | | 号（工业硅期 24005 | 5000 | 5000 | 21.29 | | | | 货）收益凭证 | | | | | | 2 | 海通证券收益凭证 | | | | | | | 博盈系列原油鲨鱼 | 5000 | 5000 | 48.87 | | | | 鳍看涨第 号 146 | | | | | | 3 | 银河证券"银河金 | | | | | | | 鼎"收益凭证 4731 期 | 5000 | 5000 | 57.08 | | | 4 | 国元证券【元鼎尊享 | | | | | | | 定制 期】固定 578 | 5000 | 5000 | 52.26 | | | | 收益凭证 | | | ...

Group 1 - The core viewpoint of the news is that the China Securities State-Owned Enterprises Dividend Index (000824) has shown a slight increase, indicating a positive trend in state-owned enterprises' stock performance, particularly in dividend-paying stocks [1][2] - The top ten weighted stocks in the China Securities State-Owned Enterprises Dividend Index account for 15.83% of the index, highlighting the concentration of investment in a few key companies [2] - The report from Xinda Securities suggests that if significant monetary and fiscal policies are implemented, there could be improvements in M2 and M1-M2 differential, which may positively impact market conditions [1] Group 2 - The China Securities State-Owned Enterprises Dividend ETF (159515) closely tracks the performance of the China Securities State-Owned Enterprises Dividend Index, which includes 100 listed companies with high and stable cash dividend yields [2] - As of May 30, 2025, the top weighted stocks include COSCO Shipping Holdings (601919), Jizhong Energy (000937), and Chengdu Bank (601838), among others, indicating a diverse portfolio within the index [2][4] - The report indicates that the absolute and relative price-to-earnings (PE) ratios are high, but the trading volume has decreased since early April, suggesting a potential for future market adjustments [1]

Core Viewpoint - The company's coal production and sales volume declined in Q1 2025, primarily due to falling coal prices, leading to a significant drop in performance. It is anticipated that coking coal prices have bottomed out, presenting potential for upward movement in the future, while the power generation business is gradually expanding [1][2][3][4]. Financial Performance - In Q1 2025, the company reported total operating revenue of 1.179 billion yuan, a year-on-year decrease of 42.52%. The net profit attributable to shareholders was 27 million yuan, down 93.70% year-on-year [2]. - The company adjusted its earnings per share (EPS) forecasts for 2025-2027 to 0.58, 0.66, and 0.75 yuan, down from previous estimates of 0.64, 0.71, and 0.80 yuan [2]. - The average selling price of coal in Q1 2025 was 692 yuan per ton, a decrease of 325 yuan per ton year-on-year, while the sales cost remained stable at 561 yuan per ton, resulting in a gross profit of 130 yuan per ton, down 326 yuan per ton year-on-year [3]. Market Conditions - The average price of coking coal in Q1 2025 was 1,675 yuan per ton, down 615 yuan per ton year-on-year. In Q2 2025, it is expected to further decline by 235 yuan per ton to 1,439 yuan per ton due to ongoing market supply and demand issues [4]. - The company anticipates that policies to stimulate domestic demand may be introduced in the second half of 2025, which could boost downstream steel demand and potentially lead to a recovery in coking coal prices [4]. Business Expansion - The company has a relatively small installed capacity for thermal power generation at 66 MW and holds a 50% stake in the Qianyingzi Power Plant, which has an installed capacity of 2×350 MW for phase one and 1×1000 MW for phase two, with the latter connected to the grid on February 25, 2025. Additionally, it has a 21% stake in the Guoneng Suzhou Thermal Power Co., Ltd., which has an installed capacity of 2×350 MW [4].

Core Viewpoint - Anhui Hengyuan Coal Power Co., Ltd. has announced the redemption of financial products, highlighting its investment activities and financial performance over the past year [1][2] Group 1: Financial Product Redemption - The company redeemed a financial product on May 21, 2025, with a total investment of 60 million yuan and a total return of 918,000 yuan [1] - The company has utilized its idle self-owned funds for investment in financial products, with a total of 490,210 yuan in actual earnings from these investments over the last twelve months [1] Group 2: Investment and Financial Performance - In the last twelve months, the company has invested a total of 60 million yuan in financial products, with the highest single-day investment amount reaching 20 million yuan [2] - The total financial investment limit is 126 million yuan, with 31.8 million yuan currently utilized and 34.2 million yuan remaining unutilized [2] - The cumulative earnings from financial investments over the last twelve months represent 0.46% of the company's net profit for the last year [2]

证券代码：600971 证券简称：恒源煤电 公告编号：2025-025 安徽恒源煤电股份有限公司 关于理财产品到期赎回的公告 | 序 | 理财产品名称 | 实际投入金 | 实际收回本 | 实际收益 | 尚未收回 | | --- | --- | --- | --- | --- | --- | | 号 | | 额 | 金 | | 本金金额 | | 1 | 华 泰 证 券 聚 益 第 | | | | | | | 号（工业硅期 24005 货）收益凭证 | 5000 | 5000 | 21.29 | | | 2 | 海通证券收益凭证 | | | | | | | 博盈系列原油鲨鱼 | 5000 | 5000 | 48.87 | | | | 鳍看涨第 146 号 | | | | | | 3 | 银河证券"银河金 | | | | | | | 鼎"收益凭证 4731 | 5000 | 5000 | 57.08 | | | | 期 | | | | | | 4 | 国元证券【元鼎尊享 | | | | | | | 定制 578 期】固定 | 5000 | 5000 | 52.26 | | | | 收益凭证 | | | | | | ...

本周分红派息仍在进行中，中证红利指数中恒源煤电、山东出版、建发股份、同力股份将陆续进行股权登记，合计分红21.72亿。 资料显示，中证红利ETF（515080）跟踪中证红利指数，主要选取两市现金股息率高、分红连续性在三年及以上、同时具有一定规模及流动性 的100只股票为成份股，采用股息率加权，反映A股市场高红利股票的整体表现。根据公告，中证红利ETF上市以来已经连续12次分红。过去五 年，中证红利ETF年度分红比例分别为4.53%、4.14%、4.19%、4.78%、4.66%。 | 近3年 | 近1年 | | 近10年 | | --- | --- | --- | --- | | 上证指数 | 7.93% | 9.18% | -24.78% | | 中证红利 | -2.93% -- | 8.51% | 10.26% | | 中证红利全收益 3.12% 27.81% 68.61% | | | | 中证红利全收益指数近十年走势 100.00% - 80.00% 60.00% 40.00% 20.00% 0.00% -20.00% -40.00% -60.00% 19-05 20-05 21-05 22-05 24 ...

证券代码：600971 证券简称：恒源煤电 公告编号：2025-024 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/5/22 | － | 2025/5/23 | 2025/5/23 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 安徽恒源煤电股份有限公司2024年年度权益分派实施公告 本次利润分配方案经公司2025 年 4 月 23 日的2024年年度股东大会审议通过。 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： 每股分配比例 A 股每股现金红利0.27元 本次利润分配以方案实施前的公司总股本1,200,004,884股为基数，每股派发现金红利 0.27元（含税），共计派发现金红利324,001,318.68元。 1. 发放年度：2024年年度 2. 分派对象： 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金 ...