Core Viewpoint - The Anhui Huaibei Mining Group's Linhuan Coal Preparation Plant has implemented a "5G + Industrial Internet of Things" intelligent management method for coal quality, aiming to enhance operational efficiency and product quality through advanced technology [1][4]. Group 1: Intelligent Management Implementation - The Linhuan Coal Preparation Plant has established a smart control center that displays real-time data on clean coal output, product quality, and production consumption [1]. - The plant has received multiple honors, including being recognized as an intelligent factory and a green factory in China, and is set to be included in the Ministry of Industry and Information Technology's list of 5G factories by the end of 2024 [1]. - The intelligent management system allows for precise quality control across the entire production chain, moving towards safer, more efficient, and greener operations [1]. Group 2: Technological Innovations - The industrial IoT system utilizes a virtual private network to enhance production site 5G network capabilities, supporting around 200 5G smart terminals for various applications [2]. - The intelligent raw coal blending system incorporates weighing and speed sensors to calculate hourly coal feed amounts, while the intelligent filter press system has reduced coal slurry moisture by 4.5% [2]. - The intelligent flotation system maintains the concentration of the feed within a set range, and the intelligent heavy medium system has improved the stability rate of clean coal ash content by 12 percentage points [2]. Group 3: Efficiency and Cost Savings - The intelligent loading system features automatic vehicle recognition and precise measurement, enabling one-click loading and full-process monitoring [2]. - The plant has achieved a reduction in electricity consumption per ton of coal by 11%, saving approximately 15 million kWh annually, and has decreased steam consumption by 44%, saving 14,000 tons of steam [4]. - Overall, the plant has reduced comprehensive energy consumption by over 3,000 tons of standard coal annually, resulting in cost savings of 13 million yuan [4]. Group 4: Future Development - The "5G + Industrial Internet of Things" intelligent management method aims to maximize resource utilization and increase the production of high-value clean coal [4]. - The plant plans to leverage its status as a 5G factory to promote new technologies and models across various operational areas, driving digital transformation and high-quality development [4].

Group 1 - The company, Huaibei Mining Holdings Co., Ltd., issued convertible bonds approved by the Anhui Provincial State-owned Assets Supervision and Administration Commission, with a total issuance of 30 million bonds at a face value of 100 RMB each, raising a total of 3 billion RMB [2][3][17] - The bonds are convertible into A-shares and have a maturity period of six years, from September 14, 2022, to September 13, 2028, with an annual interest rate that increases from 0.2% in the first year to 2.0% in the sixth year [3][4][12] - The initial conversion price is set at 15.17 RMB per share, with provisions for adjustments based on stock dividends, capital increases, and other corporate actions [6][9][22] Group 2 - The company reported a decrease in revenue for the fiscal year 2024, with total revenue of approximately 65.74 billion RMB, down 10.43% from the previous year [16] - The net profit attributable to shareholders decreased by 22.00% to approximately 4.86 billion RMB, and the net cash flow from operating activities also saw a decline of 30.45% [16] - The company's total assets increased slightly to approximately 87.74 billion RMB, while the net assets attributable to shareholders rose by 13.64% to approximately 42.39 billion RMB [16] Group 3 - The company utilized the raised funds for projects including methanol comprehensive utilization and debt repayment, with a total of 298.13 million RMB used by the end of the reporting period [17][18] - The company has maintained a credit rating of AAA for both the issuer and the bonds, indicating strong creditworthiness [16][19] - The bonds were redeemed early on April 3, 2024, following the fulfillment of specific conditions related to the stock price performance [22]

淮北矿业控股股份有限公司 公开发行可转换公司债券 受托管理事务报告 （2024 年度） 债券受托管理人 （安徽省合肥市梅山路 18 号） 二〇二五年六月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"）《淮 北矿业控股股份有限公司公开发行可转换公司债券之受托管理协议》（以下简称 "《受托管理协议》"）《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》（以下简称"《募集说明书》"）《淮北矿业控股股份有限公司 2024 年年度 报告》等相关公开信息披露文件、第三方中介机构出具的专业意见等，由本期债券受 托管理人国元证券股份有限公司（以下简称"国元证券"）编制。国元证券对本报告 中所包含的从上述文件中引述内容和信息未进行独立验证，也不就该等引述内容和信 息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关事宜 做出独立判断，而不应将本报告中的任何内容据以作为国元证券所作的承诺或声明。 在任何情况下，投资者依据本报告所进行的任何作为或不作为，国元证券不承担任何 责任。 1 | 重要声明 1 | | --- ...

Investment Rating - The report maintains a "Positive" outlook on the coal industry, indicating an expectation for the sector to outperform the overall market [3]. Core Insights - The report highlights that coal prices are expected to benefit from rising international oil prices and a gradual reduction in inventory levels [3]. - The demand for thermal coal is anticipated to remain stable despite being in a traditional off-peak season, supported by supply constraints and reduced imports [3]. - Coking coal prices are expected to stabilize and rebound as the peak season approaches, driven by improved steel production and profitability [3]. Summary by Sections Recent Industry Policies and Dynamics - June marks the annual "Safety Production Month" in China, emphasizing safety and emergency preparedness [9]. - Coal transportation from Xinjiang has increased, with a total of 39.4 million tons shipped out, reflecting a year-on-year growth of 6.8% [9]. Price Trends for Thermal and Coking Coal - As of June 13, thermal coal prices remained stable, with various grades reporting little to no change [10][11]. - Coking coal prices have shown slight declines, but the report suggests a potential for stabilization as demand from steel mills increases [13]. International Oil Price Surge - Brent crude oil prices rose significantly, with a reported increase of $7.76 per barrel, marking an 11.67% rise [17]. - The relationship between international oil prices and coal prices has shown a downward trend, indicating a potential impact on coal pricing dynamics [17]. Port Inventory and Shipping Costs - Inventory levels at the Bohai Rim ports have decreased, with coal stock down to 28.688 million tons, a reduction of 63.10% week-on-week [22]. - Domestic shipping costs have declined, with average coastal shipping rates falling by 2.96% [29]. Valuation of Key Companies - The report provides a valuation table for key companies in the coal sector, highlighting their stock prices, market capitalization, and earnings projections [34]. - Companies such as China Shenhua, Shaanxi Coal, and Yanzhou Coal are recommended for their stable operations and high dividend yields [3].

投资评级：看好（维持） 行业走势图 煤炭 2025 年 06 月 08 日 焦煤期货大涨和动力煤去库，否极泰来重视煤炭配置 ——行业周报 数据来源：聚源 -36% -24% -12% 0% 12% 24% 2024-06 2024-10 2025-02 煤炭 沪深300 相关研究报告 《国内及蒙古焦煤临近成本线，焦煤 加速探底或近底部—行业点评报告》 -2025.6.4 《煤价企稳和环渤海港去库，否极泰 来 重 视 煤 炭 配 置 — 行 业 周 报 》- 2025.6.2 《煤炭供给最重要变量：疆煤受价降 而减量—行业点评报告》-2025.5.30 张绪成（分析师） zhangxucheng@kysec.cn 证书编号：S0790520020003 本周要闻回顾：焦煤期货大涨和动力煤去库，否极泰来重视煤炭配置 （1）动力煤方面：从价格端来看，本周港口价格微跌，截至 6 月 6 日，秦港 Q5500 动力煤平仓价为 609 元/吨，环比下跌 2 元/吨，跌幅 0.33%。从供给端来 看，国内生产方面，截至 6 月 1 日，晋陕蒙三省 442 家煤矿开工率 81.3%，环比下 跌 0.3 个百分点，其中山西省煤 ...

Core Viewpoint - Huabei Mining Co., Ltd. has announced a cash dividend distribution plan for the year 2024, with a distribution of 0.75 yuan per share, approved at the annual shareholders' meeting on April 29, 2025 [2][4]. Summary by Relevant Sections Dividend Distribution - The cash dividend distribution is set at 0.75 yuan per share, amounting to a total cash distribution of approximately 2.02 billion yuan based on the total share capital of 2,693,258,709 shares [2][4]. Distribution Objects - The distribution will be made to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the day before the equity registration [3]. Implementation Method - All shareholders are classified as unrestricted tradable shareholders. The dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, Shanghai Branch. Shareholders who have completed designated trading can receive their cash dividends on the payment date at their designated securities firms [5]. Taxation Information - For individual shareholders holding unrestricted tradable shares, the tax treatment varies based on the holding period. Those holding shares for over one year are exempt from individual income tax on dividends, while those holding for less than one month will have their dividends fully included in taxable income [7]. - For Qualified Foreign Institutional Investors (QFII), a 10% withholding tax will be applied, resulting in a net cash dividend of 0.675 yuan per share [8]. - For Hong Kong investors, a similar 10% withholding tax applies, with the same net cash dividend of 0.675 yuan per share, subject to tax treaty benefits [8]. Contact Information - For inquiries regarding the dividend distribution, shareholders can contact the company's securities investment department at the provided phone number [10].

证券代码：600985 证券简称：淮北矿业 公告编号：临 2025-023 淮北矿业控股股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.75元 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 | 2025/6/12 | － | 2025/6/13 | 2025/6/13 | 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 本次利润分配方案经公司2025 年 4 月 29 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 本次利润分配以方案实施前的公司总股本2,693,258,709股为基数，每股派发 现金红利0.75元（含税），共计派发现金红利2,019,944,031.75元。 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 ...

Core Viewpoint - The announcement details the completion of the share buyback plan by the controlling shareholder, Huabei Mining Group, which involved purchasing a total of 25,576,850 shares, representing approximately 0.95% of the company's total share capital, with a total expenditure of approximately 333.44 million yuan [1][2][3] Summary by Sections Share Buyback Plan - The controlling shareholder, Huabei Mining Group, planned to increase its stake in Huabei Mining Co., Ltd. by purchasing shares worth between 300 million yuan and 500 million yuan starting from December 6, 2024 [1] - The buyback plan was executed from December 13, 2024, to May 30, 2025, through centralized bidding on the Shanghai Stock Exchange [2] Implementation Results - As of May 30, 2025, Huabei Mining Group successfully acquired 25,576,850 A-shares, amounting to a total investment of 333,442,154.85 yuan (excluding transaction fees) [1][2] - The buyback resulted in an increase in the controlling shareholder's stake to approximately 0.95% of the total share capital of Huabei Mining Co., Ltd. [2][3] Additional Information - The completion of the buyback plan will not affect the company's listing status or lead to any changes in the controlling shareholder or actual controller [3] - The company has fulfilled its information disclosure obligations in accordance with relevant regulations [3]

控股股东增持公司股份 之法律意见书 地址：中国合肥濉溪路 278 号财富广场 B 座 15-16 楼 安徽天禾律师事务所 法律意见书 安徽天禾律师事务所 关于淮北矿业控股股份有限公司 电话：（0551）2642792 传真：（0551）2620450 1 安徽天禾律师事务所 法律意见书 安徽天禾律师事务所 关于淮北矿业控股股份有限公司 控股股东增持公司股份 之法律意见书 天律意 2025 第 01257 号 致：淮北矿业控股股份有限公司 为出具本法律意见书，本所律师谨作出如下承诺和声明： 1、本所依据《证券法》《律师事务所从事证券法律业务管理办法》《律师 事务所证券法律业务执业规则（试行）》等中国现行有效的法律、法规、规章、 规范性文件的规定及本法律意见出具日以前已经发生或存在的事实，发表法律意 见。 2、公司向本所作出承诺，其向本所提供的文件和所作的陈述及说明是完整、 真实和有效的，有关文件上的签字和/或印章均是真实的，有关副本材料或复印 件均与正本文件或原件一致，其一切足以影响本法律意见的事实和文件均已向本 所披露，而无任何隐瞒、疏漏之处。 3、本所已严格履行法定职责，遵循勤勉尽责和诚实信用原则，对增持人 ...

证券代码：600985 证券简称：淮北矿业 公告编号：临 2025-022 淮北矿业控股股份有限公司 关于控股股东增持计划实施完毕暨增持结果的公告 一、增持主体的基本情况 | | 其他：/ | | --- | --- | | 增持前持股数量 | 1,603,035,295 股 | | 增持前持股比例 | 59.52% | | （占总股本） | | 上述增持主体存在一致行动人： | 股东名称 | 持股数量（股） | 持股比例 | 一致行动关系形成原因 | | --- | --- | --- | --- | | 国元证券－淮北矿业 | 26,320,000 | 0.98% | 公司控股股东淮北矿业集团因 | | （集团）有限责任公 | | | 资产规划需要，于 2021 年 12 | | 司－国元证券淮矿创 | | | 月 29 日，通过大宗交易方式向 | | 新单一资产管理计划 | | | 资产管理计划转让公司股份 | | （下称"资产管理计 | | | 26,320,000 股，并与其签署了 | | 划"） | | | 《一致行动人协议》。 | 二、增持计划的实施结果 （一）增持计划的实施结果 本公司董事会 ...