证券代码：601225 证券简称：陕西煤业 公告编号： 2024-044 陕西煤业股份有限公司 第三届监事会第二十八次会议决议公告 同意公司 2024 年三季度向股东分派现金股利 10 亿元，以公司总股本 96.95 亿股 为基准，每十股分配现金股利 1.03 元（含税）。 赞成票：3 票，反对票：0 票，弃权票：0 票。 2、通过《关于公司收购陕煤电力集团有限公司股权暨关联交易的议案》。 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法律责任。 一、监事会会议召开情况 陕西煤业股份有限公司（以下简称"公司"）第三届监事会第二十八次会议通知于 2024 年 12 月 2 日以书面方式送达，会议于 2024 年 12 月 5 日以通讯方式召开。会议 应参加表决的监事 3 人，实际参加表决的监事 3 人。本次会议的召开程序及出席监事 人数符合《中华人民共和国公司法》等法律、法规和公司《章程》的规定。 二、监事会会议审议情况 经与会监事一致同意，会议形成决议如下： 1、通过《关于陕西煤业股份有限公司 2024 年三季度中期利润分配方案的议案》 ...

关于收购陕煤电力集团有限公司股权暨关联交易的公告 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： 一、关联交易概述 （一）基本情况 控股股东陕煤集团下属子公司陕煤电力集团于 2016 年 7 月 21 日注册成立， 经营范围为电力项目的建设、经营、运维和检修；光伏、风能及生物质发电项目 的技术研发和建设、运营、运维和检修；电力供应；售电业务；水的生产和销售； 节能技术推广和技术服务；电厂废弃物的综合利用；电力物资、设备的租赁和销 售；科技中介服务。（依法须经批准的项目，经相关部门批准后方可开展经营活 动）。陕煤电力集团注册资本为 676,800 万元，其中，陕煤集团出资 600,000 万 元、持股 88.6525%，国开基础设施基金有限公司（以下简称"国开基金"）出 陕西煤业股份有限公司（以下简称"公司"）将通过非公开协议方式现金收 购陕西煤业化工集团有限责任公司（以下简称"陕煤集团"）持有陕煤电力 集团有限公司（以下简称"陕煤电力集团"）88.6525%股权（以下简称"本 次交易"或"本次关联交易"）。 本 ...

Investment Rating - The report maintains a "Buy" rating for Shaanxi Coal Industry [6][7] Core Views - In November, Shaanxi Coal Industry's coal production increased by 11.3% year-on-year, reaching 14.0623 million tons, exceeding expectations [6][7] - The company's total coal production from January to November was 151.4107 million tons, a year-on-year increase of 2.76%, while self-produced coal sales reached 153.8286 million tons, up 2.72% year-on-year. December is expected to see continued growth due to seasonal demand and high coal consumption in the coal chemical industry [6][7] - The company plans to acquire the power assets of its controlling shareholder to transition to a "coal-electricity integration" model, which is expected to enhance the stability of its performance [7] - The report slightly raises the forecast for the company's net profit attributable to shareholders for 2024-2026 to 214.93 billion, 243.11 billion, and 251.54 billion respectively, reflecting an optimistic outlook [7] Financial Summary - The total revenue for 2023 is projected at 170.872 billion, with a slight increase to 173.305 billion in 2024. The net profit attributable to shareholders is expected to be 21.239 billion in 2023 and 21.493 billion in 2024 [9][13] - The company's earnings per share (EPS) is forecasted to be 2.19 in 2023 and 2.22 in 2024, with a gross margin of 37.9% in 2023 and expected to rise to 40.3% in 2024 [9][13]

证券代码：601225 证券简称：陕西煤业 公告编号：2024-042 陕西煤业股份有限公司 2024 年 11 月主要运营数据公告 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。 | 运营指标 | 单位 | 2024 | | 年 | 2023 | | 年 | | 同比变化（%） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 11 | 月 | 累计 | 11 | 月 | 累计 | 11 | 月 | 累计 | | 煤炭产量 | 万吨 | 1,406.23 | | 15,559.10 | 1,263.44 | | 15,141.07 | 11.30 | | 2.76 | | 自产煤销量 | 万吨 | 1,376.82 | | 15,382.86 | 1,227.21 | | 14,976.17 | 12.19 | | 2.72 | 以上主要运营数据来自本公司内部统计，可能与公司定期报告披露的数据有差异， 仅供投资者及时了解 ...

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。 证券代码：601225 证券简称：陕西煤业 公告编号：2024-041 陕西煤业股份有限公司 会议召开时间：2024 年 11 月 22 日(星期五) 下午 15:00-16:00 会议召开地点：上海证券交易所上证路演中心（网址： 本次投资者说明会以网络互动形式召开，公司将针对 2024 年三 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。 二、 说明会召开的时间、地点 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2024 年 11 月 15 日(星期五) 至 11 月 21 日(星期 四)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或 通过公司邮箱 zqb@shccig.com 进行提问。公司将在说明会上对投资 者普遍关注的问题进行回答。 陕西煤业股份有限公司（以 ...

Investment Rating - The report maintains a "Strong Buy" rating for Shaanxi Coal Industry (601225) with a target price of 29.04 CNY, compared to the current price of 24.40 CNY [1]. Core Views - The company reported a revenue of 125.43 billion CNY for the first three quarters of 2024, a year-on-year decrease of 1.6%. The net profit attributable to shareholders was 15.94 billion CNY, also down by 1.5% year-on-year. However, the net profit excluding non-recurring items increased by 13.9% year-on-year to 16.35 billion CNY [1]. - The report highlights a decline in self-produced coal production and sales in Q3 2024, attributed to increased safety regulations during the high-accident period of Q4. The average selling price of coal per ton was 618.3 CNY, down 6.2% year-on-year [1]. - The report anticipates stable coal prices in Q4 2024, with limited fluctuations due to sufficient inventory levels at downstream power plants [1]. - The acquisition of Shaanxi Coal Power by the company is expected to enhance its integrated coal and power operations, improving profitability and creating a complete industrial chain from coal mining to electricity production [1]. - The report adjusts the net profit forecasts for 2024-2026 to 22.282 billion CNY, 23.478 billion CNY, and 24.734 billion CNY, respectively, corresponding to a PE ratio of 11x, 10x, and 10x [1]. Financial Summary - For 2024, the expected total revenue is 160.221 billion CNY, a decrease of 6.2% year-on-year. The net profit is projected to be 22.282 billion CNY, reflecting a growth of 4.9% [2]. - The company has a total market capitalization of 236.558 billion CNY and a debt-to-asset ratio of 34.29% [3]. - The earnings per share (EPS) for 2024 is estimated at 2.30 CNY, with a PE ratio of 11 [2].

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected stock price increase of over 20% relative to the market benchmark index within the next six months [11]. Core Views - The company reported a revenue of 1254.3 billion yuan for the first three quarters of 2024, a year-on-year decrease of 1.6%, with a net profit attributable to shareholders of 159.4 billion yuan, also down by 1.5% year-on-year [1]. - In Q3 2024, the company achieved a revenue of 406.9 billion yuan, reflecting a quarter-on-quarter increase of 10.7% and a year-on-year decrease of 8.1%. The net profit for the same period was 53.9 billion yuan, with a year-on-year increase of 17.1% [1]. - The company is focusing on "coal-electricity integration" and has signed an asset transfer agreement with its controlling shareholder, which is expected to enhance profitability stability [3]. Summary by Sections Financial Performance - For the first three quarters of 2024, coal business revenue was 1211.6 billion yuan, down 1.5% year-on-year, with Q3 revenue at 390.9 billion yuan, up 9.6% year-on-year [2]. - The coal production volume for the first three quarters was 130 million tons, an increase of 2.8% year-on-year, with Q3 production at 41.37 million tons, up 2.9% quarter-on-quarter [2]. - The average selling price of coal decreased by 6.2% year-on-year to 618 yuan per ton for the first three quarters, with Q3 price at 607 yuan per ton [2]. Profitability and Dividends - The company reported a gross profit of 420.6 billion yuan for the first three quarters, down 8.1% year-on-year, with Q3 gross profit at 135.3 billion yuan, showing a slight decrease of 0.2% year-on-year [2]. - The company has committed to a dividend payout ratio of no less than 60% from 2022 to 2024, with a dividend of 0.109 yuan per share announced for the mid-year [3]. Earnings Forecast - The forecast for net profit attributable to shareholders for 2024-2026 is 213.4 billion yuan, 232.3 billion yuan, and 242.2 billion yuan respectively, with corresponding EPS of 2.20, 2.40, and 2.50 yuan per share [5]. - The company is expected to maintain a stable performance due to its high-quality coal resources and low-cost advantages in coal mining [5].

证券代码：601225 证券简称：陕西煤业 公告编号：2024-040 陕西煤业股份有限公司 2024 年 10 月主要运营数据公告 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、准确性和完整性承法律责任。 | 运营指标 | 单位 | 2024 | | 年 | 2023 | | 年 | 同比变化（%） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 10 | 月 | 累计 | 10 | 月 | 累计 | 10 月 | 累计 | | 煤炭产量 | 万吨 | 1,375.48 | | 14,152.87 | 1,451.11 | | 13,877.63 | -5.21 | 1.98 | | 自产煤销量 | 万吨 | 1,407.60 | | 14,006.04 | 1,443.05 | | 13,748.96 | -2.46 | 1.87 | 以上主要运营数据来自本公司内部统计，可能与公司定期报告披露的数据有差异， 仅供投资者及时了解公司生产经营状况，不对公司未来 ...

中午好今天我们也是有幸邀请到了咱们陕西梅叶的石总因为公司也刚刚发了三级报整个三级报的表现也非常好然后就公司的近期的一些经营情况包括三级报的一些情况和各位投资的朋友做一个交流吧石总您看我们就现在直接开始可以啊那我先简单说一下三级报的情况好的好的谢谢石总 我先简单介绍一下公司三季度的一个情况公司今年前三季度的煤炭产量有1.29亿吨销量1.95亿吨同比都有一个小幅的增长营业收入1254亿然后规模经历是159亿同比都略有下降一点都恶劣吧很少啊小幅的一个下降 总体来说公司的业绩今年还是非常稳健的一个趋势然后主要也是跟今年的公司的煤的产量和价格有很大的关系 公司今年的产量截至930其实比同比应该有个大概350万吨的增长然后煤价1月份到9月份也是整体比较平稳高铁的低点的价差也只有60块钱应该是相对波动比较小的一年 今年的每下三季度分开来看一季度大概的情况在五百坑口啊五百三十九二季度大概在五百二十九三季度在五百一十三其实走势跟去年的走势很像都是在三季度目前是一个比较低的一个位置今年三季度同比去年三季度其实价格差距并不是很大是低了十几块钱的这样的一个情况 产量呢今年前三个季度拆开来看一季度大概有4145万吨二季度接近4500万 ...

报告摘要 陕西煤业于 2024 年 10 月 29 日发布 2024 年三季报： 陕西煤业（601225.SH） 煤炭开采 证券研究报告/公司点评报告 2024 年 10 月 29 日 经营业绩符合预期，股东增持彰显信心 | --- | --- | --- | --- | --- | --- | --- | |-------------------------------|---------------------------|-------------|---------|------------------------------------------|---------|---------| | 评级： 买入（维持） | 公司盈利预测及估值 \n指标 | \n2022A | 2023A | 2024E | 2025E | 2026E | | | 营业收入（百万元） | 166,848 | 170,872 | 185,391 | 189,315 | 191,293 | | 分析师：杜冲 | 增长率 yoy% | 10% | 2% | 8% | 2% | 1% | | 执业证书编号： S074052204 ...