证券代码：601225 证券简称：陕西煤业 公告编号： 2024-038 陕西煤业股份有限公司 第三届董事会第四十一次会议决议公告 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 陕西煤业股份有限公司（以下简称"公司"）第三届董事会第四十一次会议通知于 2024 年 10 月 23 日以书面方式送达，会议于 2024 年 10 月 28 日以通讯方式召开。 会议应参加表决的董事 7 名，实际表决的董事 7 名。本次会议的召开程序及出席董事 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、董事会会议审议情况 经与会董事一致同意，会议形成决议如下： 1、通过《关于<推行经理层成员任期制和契约化管理工作的实施方案>的议案》。 赞成票：7 票，反对票：0 票，弃权票：0 票。 2、通过《关于<陕西煤业股份有限公司 2024 年三季度报告>的议案》。 同意《陕西煤业股份有限公司 2024 年三季度报告》，并同意公布前述定期报告。 本议案已经审计委员会审议通过。 具体内容请详见公司于同日在上 ...

Financial Performance - Operating revenue for Q3 2024 reached CNY 4,069,047.76 million, an increase of 10.66% compared to the same period last year[2] - Net profit attributable to shareholders was CNY 538,725.39 million, up 17.10% year-on-year[2] - Net profit excluding non-recurring gains and losses decreased by 3.69% to CNY 516,639.40 million[2] - Basic and diluted earnings per share were both CNY 0.56, representing a 17.10% increase compared to the same period last year[4] - The company's net profit attributable to shareholders for the first nine months of 2024 was 70,284,892,296.91 yuan, up from 67,055,569,460.18 yuan in the same period last year[19] - Net profit for the first three quarters of 2024 was approximately ¥26.37 billion, a decline of 3.6% from ¥27.36 billion in 2023[21] - The company reported a total comprehensive income of approximately ¥26.37 billion, down from ¥27.37 billion in the same period last year[22] Assets and Liabilities - Total assets at the end of the reporting period amounted to CNY 21,028,992.12 million, reflecting an increase of 8.45% from the end of the previous year[4] - Shareholders' equity attributable to the parent company was CNY 9,493,126.51 million, up 6.32% year-on-year[4] - Total assets as of September 30, 2024, amounted to 210,289,921,161.53 yuan, up from 193,901,834,023.30 yuan at the end of 2023[18] - Total liabilities reached 72,113,908,198.87 yuan, an increase from 69,814,788,210.80 yuan in 2023[18] Cash Flow - Cash flow from operating activities for the year-to-date increased by 22.01% to CNY 3,473,662.63 million[2] - The net cash flow from operating activities for the third quarter was CNY 34.74 billion, an increase of 22.4% compared to CNY 28.47 billion in the same period last year[23] - Total cash inflow from operating activities was CNY 159.17 billion, slightly down from CNY 160.68 billion year-on-year[23] - Cash outflow for purchasing goods and services decreased to CNY 84.71 billion from CNY 96.99 billion, reflecting a reduction of 12.6%[23] - The net cash flow from investing activities was negative CNY 1.77 billion, an improvement from negative CNY 7.38 billion in the previous year[24] - Cash inflow from investment activities increased to CNY 5.87 billion, up from CNY 4.02 billion year-on-year[24] - The ending balance of cash and cash equivalents was CNY 30.15 billion, up from CNY 24.97 billion year-on-year[24] Inventory and Production - Inventory levels rose by 98.77%, primarily due to an increase in coal stock at the end of the period[7] - Coal production for the first nine months of 2024 reached 12,777.39 million tons, an increase of 2.82% compared to 2023[15] - Coal sales volume increased to 19,594.98 million tons, reflecting a growth of 5.09% year-over-year[15] - Coal sales revenue decreased to 12,115,993.37 million yuan, down by 1.47% from the previous year[15] - Gross profit for the first nine months of 2024 was 4,206,424.92 million yuan, representing an 8.09% decline compared to 2023[15] Shareholder Information - The total number of common shareholders at the end of the reporting period was 60,104[11] - The largest shareholder, Shaanxi Coal and Chemical Industry Group Co., Ltd., holds 6,325,960,665 shares, accounting for 65.25% of total shares[12] Expenses and Investments - Research and development expenses decreased by RMB 74.09 million compared to the previous period[9] - Cash flow from investment activities showed a net outflow of RMB 76.04 million, primarily due to significant cash payments for trust product investments in the previous period[9] - The company recovered RMB 446.89 million from investments, mainly from the liquidation of certain trust products[9] - Investment income for the first three quarters of 2024 was approximately ¥1.76 billion, a decrease of 7.3% compared to ¥1.90 billion in 2023[21] - Financial expenses improved, showing a reduction to approximately -¥175.30 million from -¥389.42 million in the previous year[21] Other Financial Metrics - The cash paid for dividends, profits, or interest decreased by RMB 34.34 million compared to the previous period[10] - The company reported a decrease in expected credit losses on receivables by RMB 222.19 million year-on-year[9] - The company received CNY 6.89 billion in cash related to other operating activities, a substantial increase from CNY 2.59 billion last year[23] - The company reported a total of CNY 16.15 billion in cash paid for dividends and interest, down from CNY 24.60 billion in the same quarter last year[24]

第三届监事会第二十七次会议决议公告 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。 证券代码：601225 证券简称：陕西煤业 公告编号： 2024-039 陕西煤业股份有限公司 一、监事会会议召开情况 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 年三季度报告>的议案》 公司《2024 年三季度报告》编制和审议程序符合法律、法规及公司章程的规定， 报告内容和格式符合中国证监会和上海证券交易所的有关要求，所包含的信息真实、 准确、完整地反映了公司 2024 年第三季度的财务状况和经营成果，不存在虚假记载、 误导性陈述或重大遗漏。未发现参与公司 2024 年三季度报告编制和审议的人员有违 反保密规定的行为。同意《陕西煤业股份有限公司 2024 年三季度报告》，并同意公布 前述报告。 赞成票：3 票，反对票：0 票，弃权票：0 票 特此公告。 陕西煤业股份有限公司 2024 年 10 月 29 日 陕西煤业股份有限公司（以下简称"公司"）第三届监事会第二十七次会议通 ...

北京市嘉源律师事务所 关于陕西煤业股份有限公司 控股股东增持股份的 法律意见书 西城区复兴门内大街 158 号远洋大厦 4 楼 中国 · 北京 y... (1 E SHE UT E S Fi YUAN LAW OFFICES 北京 BEIJING ·上海 SHANGHAI ·深圳 SHENZHEN ·香港 HONGKONG ·广州 GUANGZHOU ·西安 XI AN 北京市嘉源律师事务所 关于陕西煤业股份有限公司控股股东 增持股份的法律意见书 嘉源(2024) -05-362 号 敬启者: 北京市嘉源律师事务所(以下简称"本所")接受陕西煤业股份有限公司(以 下简称"陕西煤业"或"公司"）的委托,根据《中华人民共和国公司法》（以 下简称"《公司法》")、《中华人民共和国证券法》(以下简称"《证券法》")、 《上市公司收购管理办法》(以下简称"《管理办法》")、《上海证券交易所 股票上市规则》和《上海证券交易所上市公司自律监管指引第 8 号 -- 股份变动 管理》等有关法律、法规和规范性文件的规定,以及本法律意见书出具日以前已 发生或存在的事实发表法律意见,按照律师行业公认的业务标准、道德规范和勤 勉尽责精 ...

证券代码：601225 证券简称：陕西煤业 公告编号：2024-037 陕西煤业股份有限公司 关于控股股东增持公司股份计划实施完成的公告 2023 年 10 月 27 日至 2024 年 10 月 26 日期间，陕煤集团通过集中竞价方 式累计增持公司12,135,465股A股股份，约占公司已发行总股本的0.125%， 累计增持金额为 269,736,367.50 元（不含税费），累计增持金额已超过增 持金额下限。本次增持计划实施期限届满且已实施完毕。 公司于近日收到控股股东陕煤集团发来的《关于增持陕西煤业股份有限公司 股份完成的告知函》，本次增持计划已实施完毕，根据上海证券交易所的相关规 定，现将相关情况公告如下： 本公司董事会、全体董事及相关股东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： （1）2023 年 12 月 22 日，首次增持 2023 年 12 月 22 日，陕煤集团通过上海证券交易所交易系统以集中竞价交 易方式首次增持公司 2,000,000 股 A 股股份，约占公司已发行总股本的 0.0206%，增持金额为 4 ...

陕西煤业股份有限公司 2024 年半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。 证券代码：601225 证券简称：陕西煤业 公告编号：2024-036 重要内容提示： 每股分配比例 A 股每股现金红利 0.109 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 | 2024/10/22 | － | 2024/10/23 | 2024/10/23 | 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 陕西煤业股份有限公司（以下简称"公司"）于 2024 年 6 月 13 日召开 2023 年年度股东 大会，审议通过了《关于提请股东大会授权董事会制定 2024 年中期利润分配方案的议案》；公 司于 2024 年 8 月 28 日召开第三届董事会第四十次会议，审议通过了《关于陕西煤业股份有 限公司 2024 年中期利润分配方案的议案》。 二、 分配方案 1. 发放年度： ...

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，不对公司未来经营状况作出预测或承诺，敬请 广大投资者理性投资，注意投资风险。 特此公告 陕西煤业股份有限公司 2024 年 10 月 8 日 证券代码：601225 证券简称：陕西煤业 公告编号：2024-035 陕西煤业股份有限公司 2024 年 9 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（%） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 9 月 | 累计 | 9 月 | | 累计 | 9 月 | 累计 | | 煤炭产量 | 万吨 | 1,381.64 | 12,777.39 | 1,302.93 | | 12,426.51 | 6.04 | 2.82 | | 自产煤销量 | 万吨 | 1,362.56 | 12,59 ...

证券代码：601225 证券简称：陕西煤业 公告编号：2024-034 陕西煤业股份有限公司 关于召开 2024 年半年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： 会议召开时间：2024 年 10 月 16 日(星期三) 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： 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 10 月 09 日(星期三) 至 10 月 15 日(星期 二)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（以下简称"公司"）已于 2024 年 8 月 30 日发布公司 2024 年半年度报告，为便于广大投资者更全面深入 地了解公司 2024 年半年度经营成果、财务状况，公司计划于 2024 年 10 月 16 日 下午 ...

Investment Rating - The investment rating for the company is "Outperform the Market" and is maintained [2] Core Views - The company has signed an asset transfer intention agreement with its controlling shareholder, Shaanxi Coal Group, to acquire all shares of Shaanxi Coal Power Group, which is expected to enhance the profitability stability through coal-power integration [6][8] - The acquisition target, Shaanxi Coal Power Group, has a power generation capacity of approximately 10.8 GW and achieved a net profit of 0.043 yuan per kWh in 2023 [6] - The estimated total funding for the acquisition is expected to exceed 10 billion yuan, with the company having sufficient cash reserves to support the purchase without affecting its cash dividend capability [6][8] Financial Summary - The company's revenue for 2023 is projected at 170,872 million yuan, with a slight increase of 2.4% year-on-year, while net profit is expected to be 21,239 million yuan, reflecting a decrease of 39.7% year-on-year [7][10] - The earnings per share (EPS) for 2024 is estimated at 2.24 yuan, with a projected net profit of 21,708 million yuan [7][10] - The company’s gross profit margin is expected to decline from 37.9% in 2023 to 36.4% in 2024 [7][10] Business Segmentation - The self-produced coal business is expected to see a sales volume of 16,368 million tons in 2023, with a year-on-year growth of 5.27%, while the average selling price is projected to decrease by 14.12% [8] - The trading coal business is anticipated to have a sales volume of 8,954 million tons in 2023, with a year-on-year increase of 29.04% [8] - Total operating revenue is expected to reach 1,708.7 billion yuan in 2023, with a slight year-on-year growth of 2.41% [8] Valuation and Forecast - The company is expected to achieve a net profit of 21,708 million yuan in 2024, with a corresponding P/E ratio of 13-14 times, leading to a reasonable value range of 29.11 to 31.35 yuan per share [6][10] - The company’s return on equity (ROE) is projected to be approximately 22.2% in 2024, down from 23.8% in 2023 [7][10]

Investment Rating - The report maintains a "Buy" rating for Shaanxi Coal and Chemical Industry Co., Ltd. [5][6] Core Views - The company's performance in the first half of 2024 met expectations, with a revenue of 84.737 billion yuan, a year-on-year decline of 6.5%, and a net profit attributable to shareholders of 10.556 billion yuan, down 8.8% year-on-year [5][6] - The company reported a slight increase in coal sales, with a total of 131.55 million tons sold, representing a year-on-year growth of 2.29%. However, coal prices faced pressure, with self-produced coal selling at 538.2 yuan per ton, down 9.51% year-on-year [5][6] - The company announced a mid-term dividend plan, proposing a cash dividend of 1.09 yuan per 10 shares, totaling 1.056 billion yuan, which accounts for 10% of the net profit attributable to shareholders for the period [5][6] Summary by Sections Financial Performance - For the first half of 2024, the company achieved an operating income of 84.737 billion yuan, a decrease of 6.5% compared to the previous year. The net profit attributable to shareholders was 10.556 billion yuan, down 8.8% year-on-year [5][7] - The company’s coal production reached 86.407 million tons, with a slight increase in sales volume but a decline in prices due to market conditions [5][6] Profit Forecast - The profit forecast for 2024-2026 has been slightly adjusted, with expected net profits of 21.328 billion yuan, 24.145 billion yuan, and 24.984 billion yuan respectively. The current market capitalization corresponds to a PE ratio of 11X for 2024 [6][7] Market Comparison - The report compares Shaanxi Coal with China Shenhua, noting that both are leading thermal coal producers in China. The expected net profit for China Shenhua in 2024 is 60.036 billion yuan, with a PE ratio of 13X [6][7]