证券代码：600997 证券简称：开滦股份 公告编号：临 2025-048 | 主要原材料 | 2025 | 年第三 | 年第三 2024 | 同比变 | 年第二 2025 | 环比变动 | | --- | --- | --- | --- | --- | --- | --- | | | | 季度（元/吨） | 季度（元/吨） | 动（%） | 季度（元/吨） | （%） | | 焦煤 | | 1,118.57 | 1,521.12 | -26.46 | 1,047.66 | 6.77 | 1 开滦能源化工股份有限公司 2025 年第三季度主要经营数据公告 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 担法律责任。 根据上海证券交易所《上市公司自律监管指引第 3 号—行业信息 披露指引》和《关于做好主板上市公司 2025 年第三季度报告披露工 作的重要提醒》等有关规定的要求，开滦能源化工股份有限公司（以 下简称公司）现将 2025 年第三季度主要经营数据公告如下： 注：以上产品销售量和销售金额均为对外部市场的销售。 二、主要产品的价格变动 ...

开滦能源化工股份有限公司（以下简称公司）于 2025 年 10 月 17 日以电话、电子邮件方式向全体董事发出了召开第八届董事会第 八次会议通知和议案。会议于 2025 年 10 月 28 日上午在河北省唐山 市新华东道 70 号开滦集团视频会议室以现场表决方式召开，会议应 当出席董事 9 人，实际出席会议的董事 9 人。会议由公司董事长彭余 生主持，公司相关高级管理人员列席了会议。会议的召开符合《公司 法》和《公司章程》的有关规定。 证券代码：600997 证券简称：开滦股份 公告编号：临 2025-047 开滦能源化工股份有限公司 第八届董事会第八次会议决议公告 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。 一、董事会会议召开情况 特此公告。 开滦能源化工股份有限公司董事会 二、董事会会议审议情况 《公司 2025 年第三季度报告》详见上海证券交易所网站 （http://www.sse.com.cn）。 （二）公司关于修订《公司反舞弊暂行规定》的议案 表决结果：9 票同意，0 票弃权，0 票反对。 《公司反舞弊暂行规定 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 4,121,350,879.53, a decrease of 16.46% compared to the same period last year[3]. - The total profit for the quarter was a loss of CNY 187,284,463.78, representing a decline of 217.79% year-on-year[3]. - The net profit attributable to shareholders was a loss of CNY 175,731,335.09, down 205.84% from the previous year[3]. - The net profit after deducting non-recurring gains and losses was a loss of CNY 225,501,498.39, a decrease of 238.32% compared to the same period last year[3]. - The basic earnings per share for the quarter was -CNY 0.11, a decline of 200.00% year-on-year[3]. - Total operating revenue for the first three quarters of 2025 was CNY 12.94 billion, a decrease of 17.0% compared to CNY 15.59 billion in the same period of 2024[17]. - Net profit for the first three quarters of 2025 was CNY 188.96 million, a decline of 46.8% compared to CNY 354.78 million in 2024[17]. - Operating profit fell to CNY 249.31 million, down 62.3% from CNY 660.55 million in the previous year[17]. - The company recorded a significant drop in investment income to CNY 5.13 million, down 91.3% from CNY 58.89 million in 2024[17]. - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.12, down from CNY 0.41 in the same period of 2024[17]. Assets and Liabilities - The total assets at the end of the reporting period were CNY 26,438,398,479.00, a decrease of 2.30% from the end of the previous year[4]. - The equity attributable to shareholders was CNY 14,040,792,529.36, down 1.80% from the previous year-end[4]. - The company's current assets totaled RMB 10,414,617,887.57, slightly down from RMB 10,617,775,749.01, indicating a decrease of about 1.9%[14]. - The total liabilities decreased to RMB 11,385,466,377.84 from RMB 11,772,090,611.16, showing a reduction of around 3.3%[15]. - The company's equity attributable to shareholders decreased to RMB 14,040,792,529.36 from RMB 14,297,659,385.34, a decline of about 1.8%[15]. - Short-term borrowings decreased to RMB 3,068,016,931.13 from RMB 3,282,758,469.66, representing a reduction of approximately 6.5%[15]. - Accounts receivable decreased to RMB 621,532,528.61 from RMB 919,748,680.34, indicating a decline of about 32.5%[14]. - The company's total non-current liabilities increased to RMB 2,174,561,040.59 from RMB 1,562,855,577.60, reflecting an increase of about 39.1%[15]. - Cash and cash equivalents decreased to RMB 5,900,636,876.57 from RMB 6,148,114,920.75, a decline of approximately 4%[14]. Cash Flow and Expenses - The net cash flow from operating activities for the year-to-date was -CNY 10,148,128.43, a decline of 101.50% compared to the same period last year[3]. - Cash flow from operating activities showed a net outflow of CNY 10.15 million, contrasting with a net inflow of CNY 676.24 million in the same period last year[19]. - Cash and cash equivalents at the end of September 2025 were CNY 5.89 billion, down from CNY 6.17 billion at the end of September 2024[19]. - The company reported a decrease in sales expenses to CNY 122.36 million, down 23.5% from CNY 159.86 million in 2024[17]. - Research and development expenses increased slightly to CNY 380.39 million, compared to CNY 374.26 million in the previous year[17]. Market Conditions - The company attributed the significant declines in profit and revenue primarily to a decrease in product prices compared to the previous year[7]. - The inventory increased significantly to RMB 1,575,357,677.90 from RMB 1,080,142,418.16, reflecting an increase of approximately 46%[14].

Core Points - The company reported a revenue of 4.121 billion yuan for the third quarter, a decrease of 16.46% [1] - The net profit for the third quarter was a loss of 176 million yuan, a decline of 205.84% [1] - For the first three quarters, the revenue totaled 12.944 billion yuan, down 16.97% [1] - The net profit for the first three quarters was 185 million yuan, a decrease of 71.45% [1]

Core Viewpoint - The company has implemented multiple measures to increase revenue and reduce costs, achieving significant results in cost reduction and efficiency improvement through innovative management practices [1] Group 1: Cost Reduction and Efficiency Improvement - The company conducted a "big promotion" campaign for cost reduction and efficiency improvement, recognizing "pioneers" in this initiative [1] - A demonstration position for cost reduction was established, where the coking workshop inspection team saved over 210,000 yuan by automating the operation of the No. 4 electric locomotive [1] - The chemical workshop's oil depot team improved the tar dehydration process, generating over 1.5 million yuan in revenue by strictly controlling the water content in tar sales during the third quarter [1] - An inspection staff member in the chemical workshop saved a total of 940,000 yuan through spare parts substitution, energy-saving modifications, and waste recycling efforts [1] Group 2: Micro-Innovation Initiatives - Employees in the dry quenching workshop proposed modifications to the dust collection pipeline and automatic grease pump, enhancing pipeline wear resistance and reducing on-site environmental pollution risks [1] - An inspection staff member addressed leakage points in the desulfurization regeneration tower using a "strong magnet + titanium rod" combination method, significantly reducing leakage duration and maintenance costs without the need for hot work [1]

Core Insights - The company has achieved significant cost savings through self-developed technology and optimization of the distillation process, with an expected annual steam cost reduction of nearly 10 million yuan [1] - The distillation unit's steam consumption has decreased by 8.8% compared to the same period last year due to innovative removal technology and precise parameter adjustments [1] Group 1: Technological Innovations - The technical team identified trace ester alcohol impurities as the core factor leading to reduced separation efficiency and high steam consumption [1] - A key parameter database for the distillation system was established to quantify the energy consumption patterns of impurities [1] - A new extraction agent purification scheme was developed, resulting in a 75% average reduction in the content of ester alcohol impurities in the distillation system [1] Group 2: Operational Efficiency - The successful reduction of energy consumption demonstrates that cost reduction can be achieved not only through large-scale technological upgrades but also through a deep understanding of processes and precise control of key factors [1] - The dynamic optimization of temperature settings related to the extraction agent has significantly improved the separation efficiency of the distillation system [1]

证券代码：600997 证券简称：开滦股份 公告编号：临 2025-046 开滦能源化工股份有限公司 关于为控股子公司提供担保的公告 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。 担保对象及基本情况 | | 被担保人名称 | | 唐山中润煤化工有限公司 | | --- | --- | --- | --- | | | 本次担保金额 | 10,000.00 | 万元 | | 担保对象 | 实际为其提供的担保余额 | 40,000.00 | 万元 | | | 是否在前期预计额度内 | 是 | □否 □不适用 | | | 本次担保是否有反担保 | 是否 | □不适用 | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股子公司 | 171,228.73 | | 对外担保总额（万元） | | | 对外担保总额占上市公司最近一期经审 | 11.98 | | 计净资产的比例（%） | □对外担保总额（含本次）超过上市 | | | 公司最近一期经审计净资产 50 ...

Core Viewpoint - Kailuan Energy Chemical Co., Ltd. has signed a guarantee contract with CITIC Bank Tangshan Branch to provide a guarantee of 100 million yuan for its subsidiary, Tangshan Zhongrun Coal Chemical Co., Ltd., to apply for letter of credit financing, indicating a strategic move to support its subsidiary's operational needs [1] Summary by Sections - **Guarantee Details** - The guarantee is for a period of three years and is structured as a joint liability guarantee without counter-guarantee [1] - The total external guarantee amount by the company is 1,712.2873 million yuan, which accounts for 11.98% of the latest audited net assets [1] - **Purpose and Risk Assessment** - The primary purpose of the guarantee is to meet the daily operational needs of Tangshan Zhongrun [1] - The overall risk associated with this guarantee is considered manageable, with no overdue or irregular guarantees reported [1]

Core Viewpoint - The recent renovation of the polymerization system's hot water return system at Kailuan Co., Ltd.'s Tangshan Zhonghao Company has led to a significant reduction in production costs by over 1.1 million yuan annually, achieving a dual benefit of energy savings and environmental protection [1] Group 1: Cost Reduction and Efficiency - The renovation allows hot water to return to the hot water tank, preserving heat and reducing energy consumption [1] - The modification has decreased the usage of desalinated water, contributing to overall resource efficiency [1] Group 2: Environmental Impact - Prior to the renovation, high-pressure hot water could not return to the tank and was directly discharged, leading to waste and increased sewage treatment load [1] - The discharge of high-temperature water into the environment caused localized thermal pollution, which has been mitigated through the system upgrade [1]

Investment Rating - The report maintains a "Recommended" rating for the coal industry, indicating a positive outlook for the sector's fundamentals and expected performance relative to the market index [4]. Core Insights - The report highlights that coal prices have rebounded due to non-electric demand and winter stockpiling, with significant price increases observed in various coal indices as of September 19, 2025 [10][11]. - The report notes a slight recovery in the coking coal market, driven by pre-holiday stockpiling by downstream steel companies, although further price increases may be limited [10]. - The overall sentiment in the coal market remains strong, with expectations of continued price strength in the short term, despite potential constraints from rising prices affecting purchasing enthusiasm [10]. Summary by Sections 1. Investment View - As of September 19, 2025, the price indices for various coal types have shown significant weekly increases, with the Yulin 5800 index at 598.0 CNY/ton (+44.0 CNY), the Ordos 5500 index at 521.0 CNY/ton (+19.0 CNY), and the Datong 5500 index at 576.0 CNY/ton (+21.0 CNY) [10]. - The coking coal market has stabilized, with prices for major coking coal indices also showing increases, such as the Shanxi main coking coal at 1610 CNY/ton (+60 CNY) [10]. 2. Coal Sector Performance and Stock Review - The coal mining index increased by 3.77% while the broader Shanghai and Shenzhen 300 index decreased by 0.44%, indicating a relative outperformance of coal stocks [11]. - Major coal companies have shown varied performance, with significant gains for companies like Yongtai Energy (+13.42%) and Luan Environmental Energy (+13.04%) [11]. 3. Key Company Valuations - The report provides detailed valuations for key coal companies, including China Shenhua (total market value: 755.35 billion CNY, PE: 12.9), Shaanxi Coal (total market value: 200.88 billion CNY, PE: 9.0), and others, indicating a range of valuations and expected profitability [42].