Investment Rating - The report maintains a "Recommended" rating for the coal mining industry [1] Core Viewpoints - The coal mining industry has seen an unexpected improvement in fundamentals as of July 2025, with significant changes in production and demand dynamics [2][7] - The report highlights a notable decline in coal production and imports in July, alongside a significant increase in thermal power demand due to high temperatures [11][30] - The overall supply of coal has contracted, while demand from key sectors such as electricity generation has shown signs of recovery [12][50] Summary by Sections Recent Trends - The coal mining sector's performance over the last month shows a 6.8% increase over one month, a 3.5% increase over three months, but a 5.2% decrease over twelve months [4] Supply Dynamics - In July 2025, the production of raw coal decreased by 3.8% year-on-year, with a daily average production of 12.29 million tons, reflecting a month-on-month reduction of 1.746 million tons per day [19][21] - The report notes that coal imports in July 2025 were 35.609 million tons, down 23% year-on-year, indicating a tightening supply [9][29] Demand Dynamics - The demand for thermal power increased significantly in July, with a year-on-year growth of 4.3%, marking a 3.2 percentage point increase from June [11][30] - The report estimates that the four major industries (electricity, steel, chemicals, and construction materials) contributed to a 3.8% year-on-year increase in coal consumption in July [50] Inventory Management - By the end of July, coal inventories at production enterprises decreased by 168,000 tons to 4.096 million tons, indicating effective inventory management [51][52] Investment Recommendations - The report suggests focusing on stable companies such as China Shenhua, Shaanxi Coal, and China Coal Energy, as well as companies with greater elasticity in thermal coal like Yanzhou Coal and Jinneng Holding [12][14]

Group 1 - The core viewpoint of the article highlights the growth in China's coal production, with a projected output of 420 million tons by June 2025, reflecting a year-on-year increase of 3% [1] - In the first half of 2025, China's cumulative coal production reached 2.4 billion tons, marking a cumulative growth of 5.4% [1] - The report by Zhiyan Consulting provides an analysis of the supply and demand dynamics in the coal mining industry in China from 2025 to 2031, indicating potential market operation capabilities [1] Group 2 - Listed companies in the coal sector include China Shenhua (601088), Zhongmei Energy (601898), Shanxi Coking Coal (000983), and others, indicating a diverse market landscape [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, specializing in in-depth industry research reports and tailored services [2] - Data sources for the report include the National Bureau of Statistics and Zhiyan Consulting, ensuring credibility and accuracy in the presented figures [3]

Group 1 - The core viewpoint of the news is that Huabei Mining Media Technology Co., Ltd. has applied for a patent for a "Multi-dimensional Data Statistics and Intelligent Analysis Management System" aimed at improving data processing efficiency in mining management [1] - The patent application was filed on May 2025, and the publication number is CN120493010A [1] - The system includes several modules: preprocessing, transformation, classification, optimization, risk fusion, and early warning, which collectively enhance data handling accuracy and efficiency compared to existing technologies [1] Group 2 - Huabei Mining Media Technology Co., Ltd. was established in 2014 and is located in Huabei City, primarily engaged in software and information technology services [2] - The company has a registered capital of 3 million RMB and has made investments in 2 enterprises, participated in 225 bidding projects, and holds 38 patents [2] - Additionally, the company possesses 13 administrative licenses, indicating a diverse operational capability [2]

淮北矿业控股股份有限公司 信用评级报告 编号：CCXI-20253024M-01 信用评级报告 声 明 根据相关监管规定以及评级委托协议约定，中诚信国际将在评级结果有效期内进行跟踪评级。 中诚信国际将在评级结果有效期内对评级对象风险程度进行全程跟踪监测。发生可能影响评级对象信用水平的重大 事项，评级委托方或评级对象应及时通知中诚信国际并提供相关资料，中诚信国际将就有关事项进行必要调查，及 时对该事项进行分析，据实确认或调整评级结果，并按照相关规则进行信息披露。 如未能及时提供或拒绝提供跟踪评级所需资料，或者出现监管规定的其他情形，中诚信国际可以终止或者撤销评级。 | 中诚信国际信用评级有限责任公司 | | | | | | --- | --- | --- | --- | --- | | 信用评级报告 | | | | | | 评级对象 淮北矿业控股股份有限公司 | | | | | | 主体评级结果 AAA/稳定 | | | | | | 中诚信国际肯定了淮北矿业控股股份有限公司（以下简称"淮北矿业"或"公 | | | | | | 司"）煤种齐全且以稀缺煤种为主、资源禀赋很强，公司为华东地区主要煤 | | | | | ...

2025 年度 淮北矿业控股股份有限公司 信用评级报告 编号：CCXI-20253024M-01 2025 年度淮北矿业控股股份有限公司 信用评级报告 声 明 跟踪评级安排 中诚信国际信用评级有限责任公司 2025 年 8 月 13 日 2 ⚫ 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 ⚫ 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 ⚫ 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 ⚫ 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 ⚫ 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议任 何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售 ...

中诚信国际在对公司生产经营状况、宏观经济和政策环境及相关行业情况进 行综合分析与评估的基础上，于 2025 年 8 月 13 日出具了《2025 年度淮北矿业 控股股份有限公司信用评级报告》，评定公司主体信用等级为 AAA，评级展望为 稳定，有效期为 2025 年 8 月 13 日至 2026 年 8 月 13 日。 本次评级报告详见公司同日在上海证券交易所网站（www.sse.com.cn）披露 的《2025 年度淮北矿业控股股份有限公司信用评级报告》。 特此公告。 股票代码：600985 股票简称：淮北矿业 编号：临 2025—025 淮北矿业控股股份有限公司 关于主体信用评级结果的公告 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。 淮北矿业控股股份有限公司（下称"公司"）委托信用评级机构中诚信国际 信用评级有限责任公司（下称"中诚信国际"）对公司主体信用状况进行了评级。 淮北矿业控股股份有限公司董事会 2025 年 8 月 15 日 ...

天眼查商业履历信息显示，淮北矿业控股股份有限公司，成立于1999年，位于淮北市，是一家以从事煤 炭开采和洗选业为主的企业。企业注册资本269325.8709万人民币，实缴资本7070.88万人民币。公司法 定代表人为孙方。 通过天眼查大数据分析，淮北矿业控股股份有限公司共对外投资了8家企业，参与招投标项目61次，专 利信息15条，此外企业还拥有行政许可26个。 来源：金融界 金融界消息 截至2025年8月12日收盘，淮北矿业（600985）报收于13.24元，上涨2.8%，换手率1.18%， 成交量31.81万手，成交金额4.21亿元。 资金流向方面，今日主力资金净流出1064.20万元，占比成交额2.53%。其中，超大单净流入817.53万 元、占成交额1.94%，大单净流出1881.74万元、占成交额4.47%，中单净流出流出2767.98万元、占成交 额6.58%，小单净流入3832.18万元、占成交额9.11%。 淮北矿业最新一期业绩显示，截至2025一季报，公司营业总收入105.99亿元、同比减少38.95%，归属净 利润6.92亿元，同比减少56.50%，扣非净利润6.74亿元，同比减少56.96 ...

Market Overview - The Shanghai Composite Index closed at 3665.92 points, above the annual line, with a change of 0.50% [1] - The total trading volume of A-shares reached 1,905.21 billion yuan [1] Stocks Breaking Annual Line - A total of 27 A-shares have surpassed the annual line today, with notable stocks including Desay SV, Wanli Stone, and *ST Guohua, showing divergence rates of 4.85%, 4.59%, and 4.49% respectively [1] - Stocks with smaller divergence rates that just crossed the annual line include China CNR, Ninghu Expressway, and Huatian Technology [1] Top Divergence Rate Stocks - The top three stocks with the highest divergence rates are: - Desay SV (7.44% increase, 4.72% turnover rate, latest price 113.91 yuan, divergence rate 4.85%) [1] - Wanli Stone (4.93% increase, 5.82% turnover rate, latest price 31.30 yuan, divergence rate 4.59%) [1] - *ST Guohua (4.97% increase, 2.12% turnover rate, latest price 8.87 yuan, divergence rate 4.49%) [1] Additional Stocks with Notable Performance - Other stocks with significant performance include: - Kairun Co., Ltd. (4.82% increase, 4.94% turnover rate, latest price 22.40 yuan, divergence rate 4.08%) [1] - *ST Qingyan (3.39% increase, 4.36% turnover rate, latest price 14.64 yuan, divergence rate 3.05%) [1] - Huai Bei Mining (2.80% increase, 1.18% turnover rate, latest price 13.24 yuan, divergence rate 2.41%) [1]

据淮北矿业官网微信公众号介绍，南京航运公司是淮北矿业集团所属唯一水路运输物流平台，主要从事矿石、煤炭、辅料、水泥熟料和各种干散货的水路运 输业务，运输范围覆盖长江沿线内河、长江、国内沿海、国际远洋。公司自有运输船舶11艘，总载重25万吨，可控运力近80万吨，运输能力达到1500万吨。 齐鲁晚报·齐鲁壹点记者于江苏省交通运输厅行政处罚栏获悉，8月10日，淮北矿业集团南京航运有限公司（下称"淮北矿业南京航运公司"）收行政处罚决定 书，被罚原因为"遮挡船名"。 | | | | Q 企业使用信息 经营分常名录 严重违法失信名单 | | | | --- | --- | --- | --- | --- | --- | | | | | 清输入企业名称、统一社会信用代码或注册号 | | | | 淮北矿业集团南京航运有限公司 | | | 存款(在营、开业、在册) | | 发送服告 | | 统一社会信用代码:91320100742398003R | | | | | | | 注册号： | | | | | 信息分享 | | 法定代表人:王更生 | | | | | | | 置记机关:南京市市场监督管理局 | | | | | 值都打印 ...

（文章来源：证券时报网） 今日各行业表现（截至上午10:28） 证券时报·数据宝统计，截至上午10:28，今日沪指涨0.39%，A股成交量577.79亿股，成交金额8510.42亿 元，比上一个交易日减少1.42%。个股方面，1611只个股上涨，其中涨停29只，3595只个股下跌，其中 跌停4只。从申万行业来看，煤炭、石油石化、综合等涨幅最大，涨幅分别为1.76%、1.42%、1.31%； 国防军工、建筑材料、电力设备等跌幅最大，跌幅分别为1.59%、0.80%、0.68%。 | 社会服务 | | | | 科锐国际 | | | --- | --- | --- | --- | --- | --- | | 电力设备 | -0.68 | 718.27 | -4.63 | 禾望电气 | -9.88 | | 建筑材料 | -0.80 | 87.93 | -26.11 | 天山股份 | -5.76 | | 国防军工 | -1.59 | 470.25 | 2.25 | 佳驰科技 | -7.77 | | 申万行业 | 行业涨跌（%） | 成交额（亿元） | 比上日（%） | 领涨（跌）股 | 涨跌幅（%） | | --- | ...