煤炭开采加工板块走弱，大有能源（600403）、华电能源（600726）、陕西黑猫（601015）跌超5%， 恒源煤电（600971）、淮北矿业（600985）跟跌。 ...

本公告之经营数据未经审计，以上数据源自公司报告期内财务数 据，为投资者及时了解公司生产经营概况之用，可能与公司定期报告 披露的数据有差异，公司董事会提醒投资者审慎使用该等数据。 特此公告。 证券代码：600971 证券简称：恒源煤电 公告编号：2025-029 安徽恒源煤电股份有限公司 2025 年半年度经营数据公告 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。 根据上海证券交易所《上市公司行业信息披露指引第二号-煤炭》 要求，特此公告公司 2025 年半年度经营数据。 | 项 目 | 本期数 | 上年同期数 | 变动比例（%） | | --- | --- | --- | --- | | 原煤产量（万吨） | 476.82 | 494.17 | -3.51 | | 商品煤产量（万吨） | 354.97 | 384.75 | -7.74 | | 商品煤销量（万吨） | 337.68 | 388.15 | -13.00 | | 煤炭主营销售收入（万元） | 223,599.64 | 370,500.89 | -39.65 ...

Group 1: Coal Sector Insights - The coal sector experienced a significant boost on July 14, with stocks like Zhengzhou Coal Power hitting the daily limit up, and other companies such as Shanxi Coal International and Liaoning Energy also seeing substantial gains [4][7]. - The China Coal Transportation and Marketing Association held a meeting emphasizing the need for coal companies to recognize the severe imbalance in supply and demand, and to strictly implement long-term contracts for electricity coal [7]. - The meeting also highlighted the importance of maintaining safety and stability in production, improving coal supply quality, and addressing "involution" competition within the industry [7]. Group 2: Market Performance - On July 14, the A-share market showed mixed results, with the Shanghai Composite Index rising by 0.27%, while the Shenzhen Component and ChiNext Index fell by 0.11% and 0.45% respectively [15]. - A total of 3,179 stocks rose, with 72 hitting the daily limit up, while 2,064 stocks declined, including 18 that hit the daily limit down [16][17]. - The total trading volume reached 14,809.22 billion CNY, with a total of 122,924.9 million shares traded [17]. Group 3: Other Sector Developments - The "anti-involution" policy is expected to stimulate market liquidity and has drawn comparisons to the "Belt and Road Initiative" in terms of its long-term narrative potential [8]. - Various sectors, including construction, steel, and cement, have expressed intentions to address structural contradictions within their industries, with specific policies anticipated to be introduced soon [9]. - In Dongguan, a new plan was released to promote high-quality service consumption, including initiatives to enhance dining experiences and expand elderly care services [11][13].

[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]