Group 1 - The company, Pingmei Shenma Group, announced that as of August 31, 2025, it has repurchased a total of 103,171,309 shares, which represents 4.18% of its total share capital [2]

Group 1 - The company, Pingmei Shenma Energy Company Limited (平煤股份), announced that it will hold a half-year performance briefing on September 15, 2025 [1]

Group 1 - The company Pingmei Shenma Group announced a share buyback program, having repurchased approximately 103 million shares, which accounts for 4.18% of its total share capital, with a total expenditure of about 995 million yuan [1][1][1] - The highest purchase price during the buyback was 10.7 yuan per share, while the lowest was 7.51 yuan per share [1][1][1] - As of the report date, the company's market capitalization stands at 19.2 billion yuan [1][1][1] Group 2 - For the fiscal year 2024, the company's revenue composition indicates that the coal mining sector contributes 89.51%, while other businesses account for 10.49% [1][1][1]

证券代码：601666 证券简称：平煤股份 公告编号：2025-075 平顶山天安煤业股份有限公司 关于以集中竞价交易方式回购股份的进展公告 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： 回购方案首次披露日 2024/10/31 回购方案实施期限 2024 年 10 月 30 日~2025 年 10 月 29 日 预计回购金额 5亿元~10亿元 □减少注册资本 √用于员工持股计划或股权激励 回购用途 □用于转换公司可转债 公司将严格按照《上市公司股份回购规则》 《上海证券交易所上市公司自律监 管指引第 7 号——回购股份》等相关规定，在回购期限内根据市场情况择机做出 回购决策并予以实施，同时根据回购股份事项进展情况及时履行信息披露义务， 敬请广大投资者注意投资风险。 □为维护公司价值及股东权益 累计已回购股数 103,171,309股 累计已回购股数占总股本比例 4.18% 累计已回购金额 995,039,251.96元 实际回购价格区间 7.51元/股~10.70元/股 一、回购股份的基本情况 公司于 20 ...

一、回购股份的基本情况 证券代码：601666 证券简称：平煤股份 公告编号：2025-075 平顶山天安煤业股份有限公司 关于以集中竞价交易方式回购股份的进展公告 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： | 回购方案首次披露日 | 2024/10/31 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 回购方案实施期限 | 2024 年 月 30 10 | 10 | 日~2025 | 年 | 月 | 29 | 日 | | 预计回购金额 | 5亿元~10亿元 | | | | | | | | 回购用途 | □减少注册资本 √用于员工持股计划或股权激励 □用于转换公司可转债 | | | | | | | | | □为维护公司价值及股东权益 | | | | | | | | 累计已回购股数 | 103,171,309股 | | | | | | | | 累计已回购股数占总股本比例 | 4.18% | | | | | | | | 累计已 ...

证券代码：601666 证券简称：平煤股份 公告编号：2025-076 平顶山天安煤业股份有限公司 关于召开 2025 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： 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 2025 年 09 月 08 日（星期一）至 09 月 12 日（星期五） 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 pmgftzzgx@163.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。 平顶山天安煤业股份有限公司（以下简称"公司"）已于 2025 年 8 月 28 日发布公司 2025 年半年度报告，为便于广大投资者更全面深 入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 15 日（星期一）11:00-12:00 举行 2025 年半年度业绩说明 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 ...

Investment Rating - The report maintains a "Positive" investment rating for the coal industry [11]. Core Insights - The coal price has been stabilizing after a downward trend, with significant declines in performance metrics observed in the first half of 2025. The coal sector reported a revenue of CNY 548.55 billion, down 19.5% year-on-year, and a net profit of CNY 52.76 billion, down 31.6% year-on-year [2][51]. - The report suggests that the bottom of coal enterprise profits is becoming apparent, indicating potential opportunities for recovery in the sector, especially as the market enters a phase of policy effect verification [9]. Summary by Sections Operating Conditions - In the first half of 2025, the coal sector's revenue was CNY 548.55 billion, a decrease of 19.5% year-on-year, with a net profit of CNY 52.76 billion, down 31.6% year-on-year. In Q2 2025, revenue was CNY 269.17 billion, down 19.6% year-on-year and 3.7% quarter-on-quarter, with a net profit of CNY 24.12 billion, down 35.5% year-on-year and 15.8% quarter-on-quarter [2][51]. Thermal Coal - The thermal coal segment saw a revenue of CNY 434.9 billion in the first half of 2025, a decline of 17% year-on-year. The average price for Q2 2025 was CNY 632 per ton, down 26% year-on-year and 12% quarter-on-quarter [7][6]. - The segment's net profit was CNY 51 billion, down 28% year-on-year, with a profit margin of 30.5% [7]. Coking Coal - The coking coal segment reported a revenue of CNY 831 billion in the first half of 2025, down 29% year-on-year. The average price for Q2 2025 was CNY 1,315 per ton, down 37% year-on-year and 9% quarter-on-quarter [8][6]. - The segment's net profit was CNY 31 billion, down 65% year-on-year [8]. Investment Recommendations - The report highlights potential recovery opportunities in the coal sector, recommending companies such as Yancoal Energy, Jinneng Holding, and China Shenhua Energy for their strong fundamentals and growth potential [9].

Core Viewpoint - In the first half of 2025, the company experienced a significant decline in revenue and net profit, primarily due to decreased coal sales and prices, despite effective cost control measures [1][2]. Group 1: Financial Performance - In H1 2025, the company achieved revenue of 10.1 billion yuan, a year-on-year decrease of 38% [1] - The net profit attributable to shareholders was 260 million yuan, down 82% year-on-year [1] - The weighted average return on equity was 0.97%, a decrease of 4.03 percentage points year-on-year [1] - In Q2 2025, revenue was 4.7 billion yuan, a quarter-on-quarter decline of 13% and a year-on-year decline of 41% [1] - The net profit for Q2 was 110 million yuan, down 30% quarter-on-quarter and 84% year-on-year [1] Group 2: Coal Business Performance - In H1 2025, coal sales and prices decreased, impacting overall performance, although cost control was effective with a 20% year-on-year reduction in coal cost per ton [2] - The company produced 14.53 million tons of raw coal in H1 2025, an increase of 2% year-on-year, while the sales volume of commercial coal was 11.74 million tons, down 13% year-on-year [2] - The unit selling price of commercial coal in H1 2025 was 768 yuan/ton, a decrease of 29% year-on-year [2] - The cost per ton of coal was 619 yuan, down 20% year-on-year, with a gross profit of 149 yuan per ton, a decrease of 53% year-on-year [2] - In Q2 2025, the unit selling price of commercial coal increased to 774 yuan/ton, up 1% quarter-on-quarter [2] - The gross profit per ton of coal in Q2 was 151 yuan, an increase of 2% quarter-on-quarter [2] Group 3: Strategic Developments - The company is implementing a strategy to acquire high-quality coal resources, having acquired 60% of Xinjiang Wusu Sike Tree Coal Co. for 660 million yuan, which has an annual coal production capacity of 1.2 million tons [3] - In October 2024, the company successfully obtained exploration rights for the Tarcheng Baiyanghe Mine with a resource reserve of 1.668 billion tons for 1.748 billion yuan [3] - The ongoing acquisition of quality coal resources is expected to enhance the company's resource continuity and positively impact future performance as new production capacity is gradually released [3] Group 4: Profit Forecast and Investment Rating - The company forecasts revenues of 24.3 billion yuan, 25.5 billion yuan, and 26.9 billion yuan for 2025-2027, with year-on-year changes of -20%, +5%, and +5% respectively [3] - The net profit attributable to shareholders is projected to be 600 million yuan, 1.2 billion yuan, and 1.8 billion yuan for the same period, with year-on-year changes of -75%, +105%, and +50% respectively [3] - The earnings per share (EPS) are expected to be 0.24 yuan, 0.50 yuan, and 0.74 yuan, corresponding to price-to-earnings ratios of 32, 16, and 10 times [3] - The investment rating is maintained at "Accumulate" considering the current stabilization of coking coal prices [3]

平顶山天安煤业股份有限公司 会议资料 未公开披露 平顶山天安煤业股份有限公司 平顶山天安煤业股份有限公司 会议资料 目 录 平顶山天安煤业股份有限公司 会议资料 关于取消监事会并修订《公司章程》及其附件的议案 各位股东： 根据中国证券监督管理委员会《关于新公司法配套制度规则实施 相关过渡期安排》《上市公司章程指引（2025 年修订）》《上市公 司股东会规则（2025 年修订）》等相关法律法规、规范性文件的有 关规定，拟取消公司监事会，并由董事会审计委员会行使新《公司法》 规定的监事会职权。公司董事会对《平顶山天安煤业股份有限公司章 程》（下称"《公司章程》"）及其附件《平顶山天安煤业股份有限 公司股东会议事规则》（下称"《股东会议事规则》"）《平顶山天 安煤业股份有限公司党委会议事规则》（下称"《党委会议事规则》" 《平顶山天安煤业股份有限公司董事会议事规则》（下称"《董事会 议事规则》"）相关条款进行对应修订，《平顶山天安煤业股份有限 公司监事会议事规则》相应废止。现将本次修订情况汇报如下： 一、对《公司章程》《股东会议事规则》《党委会议事规则》《董 事会议事规则》全文中涉及"监事会""监事"的相关表述均予 ...

Overview - The report provides insights into the performance of various companies across different industries, highlighting key financial metrics and growth prospects for the first half of 2025 [1][2]. Key Insights - The coal industry shows signs of recovery with companies like 潞安环能 and 山煤国际 reporting improved performance in Q2 2025, driven by increased production and cost optimization [34][40]. - The electric equipment sector is witnessing stability in pricing due to the phosphoric iron lithium development initiative, which aims to support sustainable growth in the industry [5]. - The construction and decoration industry, represented by companies like 中国建筑 and 矩阵股份, is experiencing accelerated growth in Q2 2025, with improved cash flow and profitability [10][14]. - The agricultural sector, particularly 温氏股份, is seeing a rebound in chicken prices, which is expected to enhance profitability in the latter half of 2025 [12]. - The media and entertainment industry, with companies like 风语筑 and 荣信文化, is leveraging AI and digital transformation to enhance revenue streams and improve financial performance [18][27]. Company Summaries Coal Industry - 潞安环能 reported a Q2 2025 revenue of 71.01 billion yuan, a decrease of 21.05% year-on-year, but with a significant improvement in production and cost management [34]. - 山煤国际's Q2 2025 revenue was 51.58 billion yuan, down 33.03% year-on-year, but the company is optimistic about recovery due to rising coal prices in the second half of the year [40]. Electric Equipment - The phosphoric iron lithium initiative aims to stabilize prices and improve profitability for companies in the sector, with a focus on sustainable development [5]. Construction and Decoration - 中国建筑 achieved a Q2 2025 net profit of 466 billion yuan, reflecting a 1% increase year-on-year, supported by improved cash flow and reduced impairment losses [10]. - 矩阵股份 reported a significant increase in net profit, with a 103% growth in non-recurring profit, driven by enhanced asset quality and cash flow [14]. Agriculture - 温氏股份 sold 1,793.19 million pigs in H1 2025, a 25% increase year-on-year, with a notable drop in costs leading to improved profitability [12]. Media and Entertainment - 风语筑's H1 2025 revenue grew by 33.97% to 7.75 billion yuan, marking a turnaround to profitability, while 荣信文化 is focusing on AI-driven marketing strategies to enhance growth [18][27]. Financial Projections - The report includes projections for various companies, indicating expected growth in net profits for 2025-2027 across multiple sectors, with specific figures provided for companies like 海尔智家 and 龙净环保 [28][30].