淮北矿业控股股份有限公司 | | | 关于控股股东及其一致行动人合计持股比例被动稀 释超过 5%暨权益变动的提示性公告 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： 本次权益变动系淮北矿业控股股份有限公司（下称"公司"）"淮 22 转债"转股引起公司总股本增加，公司控股股东及其一致行动人合计持股数量不 变，但持股比例被动稀释，不触及要约收购。 本次权益变动不会导致公司控股股东及实际控制人发生变化。 本次权益变动后，公司控股股东及其一致行动人合计持股比例由 65.67% 减少至 60.50%，被动稀释 5.17%。 一、本次权益变动基本情况 因公司可转换公司债券"淮 22 转债"转股导致公司总股本增加，从而使得 公司控股股东及一致行动人持股比例被动稀释 5.17%，具体情况如下： 经中国证券监督管理委员会《关于核准淮北矿业控股股份有限公司公开发行 可转换公司债券的批复》（证监许可〔2022〕1744 号）核准，公司于 2022 年 9 月 14 日公开发行了 3,000 万张可转换公司债券，每张面值 100 元 ...

| 股票代码：600985 | 股票简称：淮北矿业 | | 编号：临 | 2024—033 | | --- | --- | --- | --- | --- | | 债券代码：110088 | 债券简称：淮 22 | 转债 | | | 淮北矿业控股股份有限公司 关于"淮 22 转债"赎回结果暨股份变动的公告 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。 重要内容提示： 一、"淮 22 转债"有条件赎回的公告情况 （一）赎回条件成就情况 淮北矿业控股股份有限公司（下称"公司"）股票自 2024 年 2 月 7 日至 2024 年 3 月 7 日期间，连续 16 个交易日中有 15 个交易日的收盘价格不低于"淮 22 转债"当期转股价格 14.12 元/股的 130%（即 18.36 元/股）。根据《淮北矿业 控股股份有限公司公开发行可转换公司债券募集说明书》 (下称"《募集说明 书》"）的约定，已触发"淮 22 转债"的有条件赎回条款。 （二）赎回程序履行情况 2024 年 3 月 7 日，公司召开第九届董事会第二十二次会议，审 ...

经营稳健，盈利与分红符合预期 淮北矿业（600985.SH）/煤 证券研究报告/公司点评 2024年4月1日 炭 [Table_Industry] [评Ta级ble：_T买itle入] （维持） [公Ta司ble盈_F利in预anc测e1及] 估值 市场价格：16.35元 指标 2022A 2023A 2024E 2025E 2026E 营业收入（百万元） 69,062 73,387 74,775 77,571 79,574 分析师：杜冲 增长率yoy% 6% 6% 2% 4% 3% 执业证书编号：S0740522040001 净利润（百万元） 7,010 6,225 6,685 6,991 7,306 电话： 增长率yoy% 47% -11% 7.40% 4.58% 4.51% 每股收益（元） 2.60 2.31 2.48 2.60 2.71 Email：duchong@zts.com.cn 每股现金流量 6.19 4.84 5.15 -1.74 8.90 联系人：鲁昊 净资产收益率 18% 15% 14% 14% 13% 电话： P/E 6.3 7.1 6.6 6.3 6.0 P/B 1.3 1.2 1. ...

证券研究报告 | 公司动态点评 2024 年 03月 28日 淮北矿业（600985.SH） 区域焦企龙头业绩稳健，深化煤化工业务布局 财务指标 2022A 2023A 2024E 2025E 2026E 增持（维持评级） 营业收入（百万元） 69,062 73,387 74,242 75,515 77,012 股票信息 增长率yoy（%） 5.5 6.3 1.2 1.7 2.0 归母净利润（百万元） 7,011 6,225 6,651 7,134 7,925 行业 煤炭 增长率yoy（%） 42.8 -11.2 6.9 7.3 11.1 2024年3月28日收盘价（元） 16.38 ROE（%） 18.8 14.3 14.9 14.3 14.0 总市值（百万元） 43,436.26 EPS最新摊薄（元） 2.83 2.51 2.68 2.88 3.19 流通市值（百万元） 43,436.26 P/E（倍） 5.7 6.4 6.0 5.6 5.0 总股本（百万股） 2,651.79 P/B（倍） 1.2 1.1 1.0 0.9 0.8 流通股本（百万股） 2,651.79 资料来源：公司财报，长城证券产业金融 ...

| 股票代码：600985 | 股票简称：淮北矿业 | | 编号：临 | 2024—032 | | --- | --- | --- | --- | --- | | 债券代码：110088 | 债券简称：淮 22 | 转债 | | | 累计转股情况：截至 2024 年 3 月 31 日，"淮 22 转债"累计转股金额为 2,973,854,000 元，累计因转股形成的股份数量为 210,610,846 股，占"淮 22 转债"转股前公司已发行股份总额的 8.49%。 未转股可转债情况：截至 2024 年 3 月 31 日，"淮 22 转债"尚未转股金 额为 26,146,000 元，占"淮 22 转债"发行总量的 0.87%。 一季度转股情况：自 2024 年 1 月 1 日至 2024 年 3 月 31 日，"淮 22 转债" 转股金额为 2,973,809,000 元，因转股形成的股份数量为 210,607,810 股。 一、可转债发行上市概况 （一）可转债发行情况 淮北矿业控股股份有限公司 可转债转股结果暨股份变动公告 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 ...

| 股票代码：600985 | 股票简称：淮北矿业 | | 公告编号：临 | 2024-031 | | --- | --- | --- | --- | --- | | 债券代码：110088 | 债券简称：淮 22 | 转债 | | | 淮北矿业控股股份有限公司 关于实施"淮 22 转债"赎回暨摘牌的最后一次提示性公告 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： 证券停复牌情况：适用 因重要公告,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | | | 停复牌类型 | | | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 110088 | 淮 | 22 | 转债 | 可转债 | 债券 | 停牌 | 2024/3/29 | | | | 自 2024 年 3 月 29 日起， "淮 22 转债"停止交易。 特提醒"淮 22 转债"持有人注意在限期 ...

股 票 研 究 [Table_industryInfo] 煤炭/能源 [ Table_Main[淮ITnaf 北bol]e 矿_Ti业tle]( 600985) [评Tab级le_：Inv est] 增持 上次评级： 增持 煤炭业务保持稳定，焦煤中的成长股 目标价格： 23.76 上次预测： 17.34 公 ——2023年年报点评 当前价格： 16.62 司 黄涛(分析师) 2024.03.30 更 021-38674879 [交Ta易bl数e_M据a rket] 新 huangtao@gtjas.com 证书编号 S0880515090001 52周内股价区间（元） 11.06-20.39 报 总市值（百万元） 44,073 告 本报告导读： 总股本/流通A股（百万股） 2,652/2,652 流通 B股/H股（百万股） 0/0 煤炭业务整体量价持平略降，保持平稳，2024年最差的时候或已经过去；焦炭业务拖 流通股比例 100% 后腿，化工业务逐步崭露头角；分红2024年后依然有提升空间。 日均成交量（百万股） 25.25 投资要点： 日均成交值（百万元） 447.94 [维Ta持ble“_S增um持m”a ...

Investment Rating - The investment rating for the company is "Buy-A" with a target price of 18.8 CNY over the next six months [2][7]. Core Views - The company reported a revenue of 73.39 billion CNY in 2023, an increase of 6.3% year-on-year, while the net profit attributable to shareholders was 6.23 billion CNY, a decrease of 11.2% year-on-year [1]. - The company has increased its dividend payout, with a proposed cash dividend of 1.00 CNY per share, totaling 2.652 billion CNY, which represents 42.6% of the net profit for 2023 [1]. - The coal production and sales slightly decreased, with a total coal output of 21.97 million tons, down 4.1% year-on-year, while the average selling price of coal remained stable at 1160 CNY per ton [1][2]. Summary by Sections Financial Performance - In Q4 2023, the company achieved a revenue of 17.85 billion CNY, a year-on-year increase of 51.9%, but the net profit decreased by 34.9% year-on-year [1]. - The company produced 3.77 million tons of coke in 2023, up 2.2% year-on-year, and 0.53 million tons of methanol, up 40.2% year-on-year, primarily due to the commissioning of a gas utilization project [2]. Production and Sales - The total coal sales volume was 17.83 million tons, down 5.3% year-on-year, with the average selling price of coke at 2330 CNY per ton, down 19.7% year-on-year [2]. - The company is expanding its production capacity, with the annual capacity of Yuaner Mine increased from 1.5 million tons to 1.8 million tons, and new projects in coal chemical and non-coal sectors are underway [2][7]. Future Outlook - The company is expected to achieve revenues of 75.56 billion CNY in 2024 and 78.36 billion CNY in 2025, with net profits projected at 6.61 billion CNY and 7.01 billion CNY respectively [7][8]. - The long-term growth potential is supported by stable coal prices and the expansion of its chemical and non-coal businesses, which are expected to contribute to profit growth [2][7].

| 股票代码：600985 | 股票简称：淮北矿业 | | 公告编号：2024-030 | | --- | --- | --- | --- | | 债券代码：110088 | 债券简称：淮 22 | 转债 | | 淮北矿业控股股份有限公司 关于实施"淮 22 转债"赎回暨摘牌的第七次提示性公告 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： 证券停复牌情况：适用 因重要公告,本公司的相关证券停复牌情况如下： | 证券代码 | 证券简称 | | | 停复牌类型 | | | 停牌起始日 | 停牌期间 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 110088 | 淮 | 22 | 转债 | 可转债 | 债券 | 停牌 | 2024/3/29 | | | | 自 2024 年 3 月 29 日起， "淮 22 转债"停止交易。 最后转股日：2024 年 4 月 2 日 截至 2024 年 3 ...

Financial Performance - The company's operating revenue for 2023 was CNY 73.39 billion, an increase of 6.26% compared to CNY 69.06 billion in 2022[18]. - The net profit attributable to shareholders for 2023 was CNY 6.22 billion, a decrease of 11.21% from CNY 7.01 billion in 2022[18]. - The net profit after deducting non-recurring gains and losses was CNY 5.89 billion, down 15.50% from CNY 6.97 billion in the previous year[18]. - The net cash flow from operating activities for 2023 was CNY 13.03 billion, a decline of 21.83% compared to CNY 16.67 billion in 2022[18]. - The total assets at the end of 2023 were CNY 86.99 billion, reflecting a 3.52% increase from CNY 84.04 billion in 2022[18]. - The net assets attributable to shareholders increased to CNY 37.30 billion, up 11.71% from CNY 33.39 billion in 2022[18]. - Basic earnings per share for 2023 were CNY 2.51, a decrease of 11.31% from CNY 2.83 in 2022[19]. - The diluted earnings per share were CNY 2.35, down 11.99% from CNY 2.67 in the previous year[19]. - The weighted average return on equity decreased to 17.62%, down 5.50 percentage points from 23.12% in 2022[19]. - Total profit for the year was 7.06 billion RMB, a decrease of 14.55% year-on-year[32]. Dividend Policy - The company plans to distribute a cash dividend of 10 RMB per 10 shares, totaling approximately 2.65 billion RMB, which represents 42.60% of the net profit attributable to shareholders for 2023[4]. - The company has a cash dividend policy ensuring that at least 30% of the net profit attributable to shareholders will be distributed as cash dividends annually from 2022 to 2024[115]. Risk Management - The company has confirmed that there are no significant risks that could materially affect its operations during the reporting period[6]. - The company has detailed potential risks and corresponding countermeasures in the management discussion and analysis section of the report[6]. - The company emphasizes that forward-looking statements regarding development strategies and operational plans are subject to market conditions and do not constitute a commitment to investors[5]. Corporate Governance - The board of directors and management have confirmed the accuracy and completeness of the financial report[2]. - The company has ensured that all board members attended the board meeting to discuss the annual report[3]. - The company held 7 board meetings during the reporting period, reviewing 27 proposals, ensuring compliance with relevant regulations[75]. - The company has established a governance structure that ensures effective decision-making and protects the interests of shareholders[74]. - The company emphasizes investor relations management, organizing multiple investor meetings and responding promptly to inquiries[77]. Research and Development - The company completed R&D investments of 1.752 billion CNY, ranking among the top in R&D intensity among provincial enterprises[25]. - Research and development expenses increased by 7.87% to 1.75 billion RMB, reflecting the company's commitment to innovation[34]. - The company implemented 225 R&D projects with an investment of 1.752 billion yuan, achieving significant technological advancements in coal mining safety and efficiency[44]. - The company has 44 patents, including 6 invention patents, focusing on coal blending, environmental processes, and electromechanical technologies[54]. Environmental Responsibility - The company invested CNY 506.74 million in environmental protection during the reporting period[124]. - The total sulfur dioxide emissions from the 3 boiler amounted to 47.75 tons, with a concentration of 7.29 mg/m³, complying with the 2011 standard[125]. - The company has implemented a dust removal efficiency of over 99% for its bag filter systems across various operations, ensuring compliance with special emission limits[126]. - The company achieved a carbon emission reduction of 1,442,532.71 tons through various measures, including the utilization of clean energy for power generation[139]. Legal Matters - The company is involved in significant litigation, including a case where it seeks 401.26 million RMB from Liu'an Hengda for unpaid construction fees[151]. - The company has reported a total claim amount of 40.13 million RMB in ongoing litigation cases[151]. - The company is currently involved in multiple lawsuits related to construction contracts, indicating ongoing legal challenges[153]. Market Strategy - The company plans to continue expanding its market presence and enhancing operational efficiency in the upcoming periods[24]. - The company is focusing on five strategic directions: upgrading the coal main business, extending to high-end chemicals, new energy, new construction materials, and smart logistics[69]. - The company is actively involved in setting industry standards, with new standards implemented in 2023 for measuring coal gas and coal tar content[54]. Employee Welfare - The average annual income of on-the-job employees increased by 7% year-over-year[25]. - The company is focused on improving employee welfare and mental health services to enhance the overall work environment[71]. - The total number of employees in the company and its main subsidiaries is 42,234, with 76 in the parent company and 42,158 in subsidiaries[110]. Financial Transactions - The company has no guarantees provided to shareholders or related parties, and the total guarantee amount is CNY 16.856 billion, which accounts for 4.52% of the company's net assets[171]. - The company reported a total deposit amount of RMB 12.387 billion from the controlling shareholder during the reporting period[166]. - The company is committed to maintaining transparency in its financial dealings and related party transactions[166].