债券代码：113044 债券简称：大秦转债 股票代码：601006 股票简称：大秦铁路 公告编号：【临2024-062】 大秦铁路股份有限公司 2024 年 11 月大秦线生产经营数据简报 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。 2024年11月，公司核心经营资产大秦线货物运输量完成3658万吨，同比减少 2.87%。日均运量121.93万吨。大秦线日均开行重车78.4列，其中：日均开行2 万吨列车59.4列。2024年1-11月，大秦线累计完成货物运输量35712万吨，同比 减少7.90%。 以上主要运营数据来自本公司内部统计。运营数据可能在月度之间存在一定 差异，其影响因素包括但不限于市场环境、设备检修和接卸能力等。 大秦铁路股份有限公司 董事会 2024年12月10日 ...

Summary of Conference Call on Large Railway Investment Perspective Industry Overview - The focus is on the large railway industry, specifically the performance and investment outlook for major railway lines in China [1][2]. Key Points and Arguments 1. **Decline in Freight Volume**: From Q1 to Q3, the overall freight volume for large railways has been declining, with a year-on-year drop of 6% in Q1, 8% in Q2, and 13% in Q3 [1]. 2. **High Fixed Costs**: Railway companies have high fixed costs, primarily due to labor and operational costs, leading to greater fluctuations in performance compared to freight volume changes [1]. 3. **Stabilization of Freight Volume**: By mid-October, freight volume has stabilized and returned to normal levels, with recent data indicating a recovery [2]. 4. **Coal Transportation**: The coal transportation volume remains relatively normal, with significant investments directed towards key coal transport routes, particularly those associated with Shenhua Group and the North-South coal transport corridor [2]. 5. **Impact of Shanxi Coal Production**: The decline in the performance of large railways is attributed to reduced coal production in Shanxi, rather than a weak coal market overall [3]. 6. **Market Coal Dynamics**: The relationship between long-term and market coal is highlighted, with 85% of coal transported being long-term contracts, which are less affected by market fluctuations [3]. 7. **Profitability of Traders**: The profitability of coal traders is crucial, as they need to earn profits to continue operations. The analysis indicates that the potential profit margin for traders has been negative at times this year [4]. 8. **Recent Volume Recovery**: By late September, the daily freight volume reached 1.3 million tons, with a slight drop during maintenance periods but maintaining a high level overall [6]. 9. **Future Volume Projections**: The railway is projected to transport over 400 million tons of coal annually if current freight volumes are sustained [6]. 10. **Earnings Forecast**: The expected earnings for the year are around 9.6 billion, with potential to reach 11 billion to 12 billion if freight volumes remain above 1.2 million tons [7]. 11. **Investment Opportunities**: The railway sector is characterized by low price-to-book (PB) ratios, with large railways at 0.8 times PB, indicating potential for value appreciation [8][9]. 12. **M&A Potential**: There is a discussion on the potential for mergers and acquisitions in the sector, particularly for companies with healthy balance sheets and low weighted average cost of capital (WACC) [10]. 13. **Dividend Outlook**: The dividend yield for large railways is expected to improve in 2025, with a commitment to maintain dividends at a minimum of 55% over three years [11][12]. 14. **Market Coal Exposure**: The current market coal exposure remains significant, with coal price differentials affecting profitability [13]. Other Important Insights - The overall sentiment indicates a cautious optimism regarding the recovery of freight volumes and profitability in the large railway sector, with a focus on coal transportation dynamics and potential investment opportunities due to low valuation metrics [8][9].

本公司监事会及全体监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。 一、监事会会议召开情况 大秦铁路股份有限公司监事会，于 2024 年 11 月 8 日以电子邮件的方式向全 体监事发出召开第七届监事会第七次会议的通知和材料。会议于 2024 年 11 月 15 日在山西太原太铁广场以现场表决方式召开。会议应出席监事 7 名，实际出 席监事 6 名，监事贠东方先生委托监事张永青先生代为出席会议并行使表决权。 会议由监事王会平先生主持。本次会议符合《公司法》《公司章程》及《监事会 议事规则》的相关规定。 | 股票代码：601006 | 股票简称：大秦铁路 | 公告编号：【临 | 2024-060】 | | --- | --- | --- | --- | | 债券代码：113044 | 债券简称：大秦转债 | | | 大秦铁路股份有限公司 第七届监事会第七次会议决议公告 大秦铁路股份有限公司监事会 2024 年 11 月 16 日 1 二、监事会会议审议情况 会议审议通过了关于选举大秦铁路股份有限公司第七届监事会主席的议案， 选举王会平先生为大 ...

北京市众鑫律师事务所 关于大秦铁路股份有限公司 二〇二四年第二次临时股东大会的律师见证法律意见书 致:大奏铁路股份有限公司 北京市众鑫律师事务所(以下简称"本所")接受大秦铁路股份 有限公司(以下简称"贵公司")的委托,指派张燮峰、田学斌律师 出席贵公司二〇二四年第二次临时股东大会(以下简称"本次股东大 会")进行律师见证,对本次股东大会的程序合法性进行监督。根据 《公司法》、《证券法》、公司章程及其他规范性文件的规定,出具本 法律意见书。 本所律师根据《公司法》、《证券法》及其他规范性文件的要求, 按照律师行业公认的业务标准、道德规范和勤勉尽责精神,对贵公司 提供的文件和有关事实进行了核查和验证,现出具法律意见如下; 一、本次股东大会的召集、召开程序 经本所律师核查,2024年10月 30 日,贵公司董事会在《中国 证券报》、《上海证券报》上发布了召开本次股东大会的会议通知,贵 公司通告公司股东于 2024年11月 15日召开本次股东大会。会议通 知规定本次股东大会采用现场投票与网络投票相结合的方式召开。 经本所律师核查,本次股东大会现场会议于 2024年 11 月 15 日 下午 2 点 30 分在山西省 ...

证券代码：601006 证券简称：大秦铁路 公告编号：2024-059 大秦铁路股份有限公司 2024 年第二次临时股东大会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一) 股东大会召开的时间：2024 年 11 月 15 日 (二) 股东大会召开的地点：山西省太原市建设北路小东门街口 196 号太铁广 场 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 《中华人民共和国公司法》《大秦铁路股份有限公司章程》的规定。大会由公 司副董事长王道阔先生主持。 (五) 公司董事、监事和董事会秘书的出席情况 3、公司董事会秘书张利荣女士的出席本次会议。 二、 议案审议情况 审议结果：通过 表决情况： | 股东类 | 同意 | | 反对 | | 弃权 | | | --- | --- | --- | --- | --- | --- | --- | | 型 | 票数 | 比例（%） | 票数 | 比例 | 票数 | 比例 | | | | ...

2024年10月，公司核心经营资产大秦线货物运输量完成3411万吨，同比减少 2.10%。日均运量110.03万吨。大秦线日均开行重车73.3列，其中：日均开行2 万吨列车55.6列。2024年1-10月，大秦线累计完成货物运输量32055万吨，同比 减少8.43%。 以上主要运营数据来自本公司内部统计。运营数据可能在月度之间存在一定 差异，其影响因素包括但不限于市场环境、设备检修和接卸能力等。 大秦铁路股份有限公司 2024 年 10 月大秦线生产经营数据简报 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。 债券代码：113044 债券简称：大秦转债 股票代码：601006 股票简称：大秦铁路 公告编号：【临2024-058】 大秦铁路股份有限公司 董事会 2024年11月9日 ...

Investment Rating - The investment rating for the company is "Accumulate (Maintain)" [4] Core Views - The company's performance in Q3 2024 met expectations, with a forecast for improved transportation demand in Q4 [4] - Revenue for the first three quarters of 2024 was CNY 55.214 billion, a year-on-year decrease of 9.18%, while net profit attributable to shareholders was CNY 8.603 billion, down 22.57% year-on-year [2][6] - The company is expected to see a recovery in coal transportation demand in Q4 due to seasonal factors and a stabilization in the macroeconomic environment [6] Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved revenue of CNY 55.214 billion, a decline of 9.18% year-on-year, with Q3 revenue at CNY 18.608 billion, down 8.59% year-on-year [2][6] - Net profit attributable to shareholders for the first three quarters was CNY 8.603 billion, a decrease of 22.57% year-on-year, with Q3 net profit at CNY 2.740 billion, down 23.34% year-on-year [2][6] Operational Insights - The total cargo transportation volume for the first nine months of 2024 was 286 million tons, a year-on-year decrease of 9.14% [6] - The decline in coal production in Shanxi province, the main source of coal for the company, was attributed to strict regulations and low coal prices [6] - Q4 is expected to see a recovery in coal transportation demand due to the winter season and a decrease in port coal inventory [6] Dividend Policy - The company has a robust dividend policy, with a projected dividend yield of approximately 4.5% for 2024 [6] - The company plans to distribute a cash dividend of CNY 0.13 per share for the first half of 2024, totaling CNY 2.36 billion, which is 40.24% of the H1 net profit [6] Earnings Forecast - Revenue projections for 2024-2026 are CNY 77.379 billion, CNY 81.343 billion, and CNY 83.677 billion, with year-on-year growth rates of -4.49%, 5.12%, and 2.87% respectively [7] - Net profit forecasts for the same period are CNY 9.916 billion, CNY 11.293 billion, and CNY 11.722 billion, with year-on-year growth rates of -16.88%, 13.89%, and 3.79% respectively [7]

大秦铁路股份有限公司 2024 年第二次临时股东大会 会议资料 董事会办公室 二〇二四年十一月 2024 年第二次临时股东大会会议资料 大秦铁路股份有限公司 2024 年第二次临时股东大会会议议程 一、现场会议召开时间、地点 会议时间：2024 年 11 月 15 日 14:30，为保证会议按时召开，现场登记时间截至 14:20 会议地点：山西省太原市建设北路小东门街口 196 号太铁广场 主持人：董事长陆勇先生 记录人：董事会秘书张利荣女士 二、网络投票的系统、起止日期和投票时间 （二）公司董事、监事和高级管理人员； 四、会议议程 （一）清点股东人数及代表的有表决权的股份总数，确认会议有效性； （二）宣布会议正式开始； （三） 审议议案： 1 关于更换公司 2024 年度内部控制审计机构的议案 2.00 关于选举公司第七届监事会监事的议案 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 11 月 15 日至 2024 年 11 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东大 会召开当日的交易时间段，即 9:15-9:25,9:30- ...

大秦铁路股份有限公司（以下简称"公司"）已于 2024 年 10 月 30 日发布公 司 2024 年第三季度报告，为便于广大投资者更全面深入地了解公司 2024 年第三 季度经营成果、财务状况，公司计划于 2024 年 11 月 14 日下午 16:00-17:00 举 行 2024 年第三季度业绩说明会，就投资者关心的问题进行交流。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2024 年第三季度的经 营成果及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的 范围内就投资者普遍关注的问题进行回答。 证券代码：601006 证券简称：大秦铁路 公告编号：【临 2024-057】 转债代码：113044 转债简称：大秦转债 大秦铁路股份有限公司 关于召开 2024 年第三季度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 二、 说明会召开的时间、地点 会议召开时间：2024 年 11 月 14 日 ...

Summary of Conference Call Records Company and Industry Involved - The conference call involved multiple listed companies in the Shanxi Gorge District, including **Sincere Communication and Transmission Values** and **Shaanxi Xiaqu**. - The event was organized under the guidance of the **China Securities Regulatory Commission** and the **Shanxi Provincial Listed Company Association**. Core Points and Arguments 1. **Investor Engagement and Communication** - The event aimed to enhance communication between listed companies and investors, focusing on annual reports, risk management, and sustainable development [1][2][10]. 2. **Performance Highlights** - In 2024, 41 listed companies in the region achieved a total revenue of **561.4 billion yuan**, accounting for **22%** of Shanxi's GDP, with a net profit of **36.5 billion yuan** [3][4]. - The first quarter of 2024 showed a revenue of **134.3 billion yuan** and a net profit of **13.6 billion yuan**, indicating a positive trend [3]. 3. **Industry Growth** - Certain sectors, particularly manufacturing and mining, showed significant growth, with manufacturing companies reporting a **17%** increase in net profit [4]. - Cash flow from operating activities exceeded **60 billion yuan**, ranking **19th** nationally [4]. 4. **Dividend Policies** - 28 companies implemented cash dividends totaling **31.6 billion yuan** in 2024, with additional plans for **15.2 billion yuan** in dividends, exceeding the national average [4]. 5. **Investment Value and Share Buybacks** - 24 companies initiated share buybacks totaling over **1.6 billion yuan**, reflecting a commitment to enhancing shareholder value [4]. 6. **Challenges and Risks** - Despite positive performance, challenges remain, including a high proportion of companies with market values below **10 billion yuan** and ongoing operational risks for some state-owned enterprises [5][6]. 7. **Regulatory Support and Market Environment** - The Shanxi Securities Regulatory Bureau emphasized the importance of investor protection and the need for companies to improve governance and compliance [7][8][9]. 8. **Technological and Operational Innovations** - Companies are increasingly focusing on technological innovation and product upgrades, particularly in the context of energy transition and green development [16][32]. 9. **Future Outlook** - The conference highlighted a positive long-term outlook for the capital market and the need for continuous improvement in corporate governance and investor relations [6][12]. Other Important but Possibly Overlooked Content 1. **Investor Relations Management** - Companies are encouraged to enhance their investor relations strategies, including regular updates on market dynamics and proactive communication with shareholders [48][49]. 2. **Sustainable Development Initiatives** - The emphasis on ESG (Environmental, Social, and Governance) practices is becoming increasingly important, with companies expected to report on their sustainability efforts [50]. 3. **Technological Integration** - The integration of advanced technologies, such as automation and digitalization, is seen as crucial for improving operational efficiency and competitiveness in the manufacturing sector [32][41]. 4. **Market Dynamics and Investor Sentiment** - The overall sentiment among investors remains supportive, with a growing number of accounts opened in the securities market, indicating confidence in the capital market's development [8]. This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of the current state and future prospects of the listed companies in the Shanxi Gorge District.