Core Viewpoint - China Shenhua plans to acquire equity stakes in 12 core enterprises under its controlling shareholder, China Energy Group, for a total consideration of 133.598 billion yuan, marking a significant milestone in the A-share market as the first major asset restructuring under the newly revised regulatory framework since May 2022 [2][5]. Group 1: Transaction Details - The acquisition will be financed through a combination of issuing A-shares (30%) and cash payments (70%), with cash payments amounting to 93.519 billion yuan and the issuance of 1.363 billion shares at 29.4 yuan per share, representing 6.42% of the total share capital post-transaction [8]. - The target assets include 100% stakes in various companies such as Guoyuan Power, Xinjiang Energy, and others, with total assets of 233.423 billion yuan and a net profit of 9.428 billion yuan for the fiscal year 2024 [8]. Group 2: Strategic Implications - This restructuring is expected to significantly enhance China Shenhua's production capacity and resource reserves, improving its resource security and industrial synergy, while laying a solid foundation for advancing clean production and optimizing capacity structure [5][11]. - The transaction will increase coal reserves from 41.58 billion tons to 68.49 billion tons (a 64.72% increase) and coal production capacity from 17.45 billion tons to 34.5 billion tons (a 97.71% increase), thereby strengthening the company's position in the energy sector [11]. Group 3: Market Context and Future Outlook - Analysts predict that the A-share M&A market in 2026 will focus on hard technology, cyclical integration, and state-owned enterprise reform, emphasizing the need for rational valuation and financial risk awareness [6]. - The successful execution of this restructuring is seen as a model for similar major asset reorganizations, showcasing the capital market's ongoing innovations and efficiency improvements [5][9].

【中国神华并购重组获证监会同意 12家标的公司整体交易对价1336亿元】中国神华（601088.SH）2026 年2月12日公告，当日收到证监会同意其发行股份购买资产并募集配套资金注册的批复。证监会同意中 国神华向国家能源投资集团有限责任公司（以下简称"国家能源集团"）发行13.63亿股股份购买相关资 产的注册申请，同意发行股份募集配套资金不超过200亿元的注册申请。 截至2025年7月31日，标的资产合计的总资产为2334.23亿元，合计的归母净资产为873.99亿元；2024年 度，标的资产合计实现营业收入为1139.74亿元，合计的扣非归母净利润为94.28亿元，合计的剔除长期 资产减值损失影响后的扣非归母净利润为105.70亿元，对应整体交易对价1286.71亿元。考虑评估基准日 后国家能源集团对其中一家公司增资49.27亿元事项，调整后最终整体交易对价为1335.98亿元。 通过本次交易，中国神华的煤炭保有资源量将提升至684.9亿吨，增长率达64.72%；煤炭可采储量将提 升至345亿吨，增长率达97.71%；煤炭产量将提升至5.12亿吨，增长率达56.57%；中国神华2024年扣除 非经常性损益 ...

Group 1 - RuiLian New Materials reported a total operating revenue of 1.677 billion yuan for 2025, an increase of 14.95% year-on-year, with a net profit of 311 million yuan, up 23.48% year-on-year [1] - China Shenhua's subsidiary, Guoneng Qingyuan Power, successfully put its fourth generator unit into commercial operation, expected to provide approximately 20 billion kWh of clean energy annually [2] - Qijiang Airlines announced a 6.04% year-on-year decline in passenger turnover for January 2026, with a passenger load factor of 84.03%, up 1.61% year-on-year [3] Group 2 - QiZheng Tibetan Medicine reported a total operating revenue of 2.416 billion yuan for 2025, a year-on-year increase of 3.34%, with a net profit of 646 million yuan, up 10.98% year-on-year [5] - QiaoYin Co. announced the termination of its artificial intelligence industry headquarters project due to changes in investment cooperation conditions [6] - New Point Software plans to use 90.81 million yuan of surplus raised funds for new projects, including AI-driven software development [7] Group 3 - High Measurement Co. announced plans for major shareholders and executives to reduce their holdings by up to 3.19% of the company's shares [8] - SAIC Group's subsidiary plans to establish a private equity fund with an initial scale of 2.5 billion yuan, focusing on solid-state batteries and chip localization [9] - Tianqi Lithium announced the resignation of its deputy general manager due to personal career planning [10] Group 4 - ZhongKong Technology reported a total operating revenue of 8.051 billion yuan for 2025, a decrease of 11.90%, with a net profit of 450 million yuan, down 59.70% year-on-year [11] - Spring Airlines reported a 6.28% year-on-year increase in total passenger volume for January 2026, with a total available ton-kilometers of 57,008.37 [12] - Qifan Cable's controlling shareholder reduced its stake by 3% through various trading methods [13] Group 5 - China Chemical signed contracts worth a total of 36.925 billion yuan in January 2026, with significant contracts exceeding 5 billion yuan totaling 11.371 billion yuan [19] - SaiTuo Bio received a CEP certificate for its raw material drug Betamethasone, which is used to treat allergies and autoimmune inflammation [20] - Giant Star Agriculture reported a sales revenue of 649 million yuan from commodity fat pigs in January 2026, with a sales volume of 404,400 pigs [23] Group 6 - Qinglong Pipe Industry's subsidiary won a 146 million yuan pipeline project [24] - Changshan Pharmaceutical announced that some of its products are expected to be selected for national centralized procurement [26] - Yangdian Technology completed the transfer of 12.96% of its shares through an agreement [27] Group 7 - Deepin Technology's investment fund introduced new limited partners and adjusted the capital contributions of some partners [28] - Qingyun Technology plans to pledge 25% of its shares for a loan application of up to 30 million yuan [29] - LaiMei Pharmaceutical reported a 57.20% year-on-year decline in net profit for 2025 [30] Group 8 - YouLiDe reported a 16.88% year-on-year decline in net profit for 2025, with total operating revenue of 1.221 billion yuan, up 7.99% [31] - Warner Pharmaceutical reported a net profit of 241 million yuan for 2025, an increase of 46.95% year-on-year [32] - LianRui New Materials reported a net profit of 293 million yuan for 2025, an increase of 16.42% year-on-year [33] Group 9 - HuaQin Technology expects a 24.28% year-on-year decrease in net profit for 2025, with projected revenue of 1.251 billion yuan, up 9.83% [34] - QiPai Technology's shareholder subscribed for 6.3 million shares, accounting for 5.49% of the total share capital [35] - Qilin Security's shareholders completed their planned share reductions without exceeding the original plan [36] Group 10 - Dameng Data announced the lifting of the detention of its senior vice president, allowing him to resume his duties [37] - Haiyou Engineering won a contract for the "NFPS COMP5" project worth approximately 4 billion USD, with the company's share exceeding 800 million USD [38] - Yatai Group plans to sell 20.81% of its shares in Northeast Securities, pending confirmation of financial statements [39]

证券代码：601088 证券简称：中国神华 公告编号：临 2026-014 中国神华能源股份有限公司 2026 年 1 月份主要运营数据公告 中国神华能源股份有限公司（"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。 | 运营指标 | 单位 | 2026 | 年 月 1 | 2025 | 年 月 1 | 同比变化 | | --- | --- | --- | --- | --- | --- | --- | | | | | | | | (%) | | （一）煤炭 | | | | | | | | 1. 商品煤产量 | 百万吨 | | 27.4 | | 24.9 | 10.0 | | 煤炭销售量 2. | 百万吨 | | 33.2 | | 30.2 | 9.9 | | （二）运输 | | | | | | | | 自有铁路运输周转量 1. | 十亿吨公里 | | 25.7 | | 23.4 | 9.8 | | 黄骅港装船量 2. | 百万吨 | | 18.5 | | 15.3 | 20.9 | | 天津煤码头装船量 3. | 百万 ...

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。 证券代码：601088 证券简称：中国神华 公告编号：临 2026-013 中国神华能源股份有限公司 关于清远二期 4 号机组通过 168 小时试运行的公告 近日，中国神华能源股份有限公司（"本公司"）持股 67%的控股子公司国 能清远发电有限责任公司（"清远电力"）二期扩建工程项目（"清远二期"） 4 号发电机组顺利通过 168 小时试运行，正式投入商业运营。至此，清远二期 2 台 100 万千瓦超超临界二次再热燃煤发电机组全部建成投运。 试运期间，机组运行平稳，环保指标优秀，实现大气污染物超低排放及废水 零排放。清远二期投运后，清远电力预计每年可提供约 200 亿千瓦时的清洁高效 电能，将有效缓解粤港澳大湾区电力保供压力，助力地方经济高质量发展。 宋静刚 2026 年 2 月 14 日 承中国神华能源股份有限公司董事会命 总会计师、董事会秘书 特此公告。 ...

格隆汇2月13日丨中国神华(601088.SH)公布，公司持股67%的控股子公司国能清远发电有限责任公司 （"清远电力"）二期扩建工程项目（"清远二期"）4号发电机组顺利通过168小时试运行，正式投入商业 运营。至此，清远二期2台100万千瓦超超临界二次再热燃煤发电机组全部建成投运。 试运期间，机组运行平稳，环保指标优秀，实现大气污染物超低排放及废水零排放。清远二期投运后， 清远电力预计每年可提供约200亿千瓦时的清洁高效电能，将有效缓解粤港澳大湾区电力保供压力，助 力地方经济高质量发展。 ...

试运期间，机组运行平稳，环保指标优秀，实现大气污染物超低排放及废水零排放。清远二期投运后， 清远电力预计每年可提供约200亿千瓦时的清洁高效电能，将有效缓解粤港澳大湾区电力保供压力，助 力地方经济高质量发展。 格隆汇2月13日丨中国神华(601088.SH)公布，公司持股67%的控股子公司国能清远发电有限责任公司 （"清远电力"）二期扩建工程项目（"清远二期"）4号发电机组顺利通过168小时试运行，正式投入商业 运营。至此，清远二期2台100万千瓦超超临界二次再热燃煤发电机组全部建成投运。 ...

试运期间，机组运行平稳，环保指标优秀，实现大气污染物超低排放及废水零排放。清远二期投运后， 清远电力预计每年可提供约200 亿千瓦时的清洁高效电能，将有效缓解粤港澳大湾区电力保供压力，助 力地方经济高质量发展。 智通财经APP讯，中国神华(01088)公布，近日，公司持股67%的控股子公司国能清远发电有限责任公司 ("清远电力")二期扩建工程项目("清远二期")4 号发电机组顺利通过 168 小时试运行，正式投入商业运 营。至此，清远二期2台 100 万千瓦超超临界二次再热燃煤发电机组全部建成投运。 ...

智通财经APP讯，中国神华(01088)公布，2026年1月，商品煤产量为2740万吨，同比增长10%;煤炭销售 量为3320万吨，同比增长9.9%。 总发电量为222.2亿千瓦时，同比增长34.2%;总售电量为209.6亿千瓦 时，同比增长34.4%。 ...

中国神华2月13日公告 2026年1月份商品煤产量2740万吨，同比增长10%；煤炭销售量3320万吨，同比 增长9.9%。总发电量22.22十亿千瓦时，总售电量20.96十亿千瓦时，同比分别增长34.2%和34.4%。 ...