Core Viewpoint - The financial performance of Pingmei Shenma Group Co., Ltd. (平煤股份) for the first half of 2025 shows significant declines in revenue and profit compared to the previous year, indicating potential challenges in the company's operations and financial health [1][3]. Financial Performance Summary - Total revenue for the first half of 2025 was 10.12 billion yuan, a decrease of 37.95% year-on-year [1]. - Net profit attributable to shareholders was 258 million yuan, down 81.53% year-on-year [1]. - The gross profit margin was 18.42%, reflecting a decline of 30.26% compared to the previous year [1]. - The net profit margin was 2.16%, a significant drop of 76.87% year-on-year [1]. - Total expenses (selling, administrative, and financial) amounted to 1.011 billion yuan, accounting for 9.99% of revenue, which is an increase of 9.47% year-on-year [1]. - Earnings per share decreased to 0.1 yuan, down 83.22% from the previous year [1]. Cash Flow and Debt Analysis - The company reported operating cash flow per share of 0.16 yuan, a decline of 91.4% year-on-year [1]. - The ratio of cash and cash equivalents to current liabilities was only 43.08%, indicating potential liquidity concerns [3]. - The interest-bearing debt increased to 29.305 billion yuan, a rise of 30.25% year-on-year [1]. Accounts Receivable Concerns - Accounts receivable stood at 2.508 billion yuan, down 31.19% year-on-year, but the ratio of accounts receivable to net profit reached 106.75%, raising concerns about collection efficiency [1][3]. Investment Sentiment - Analysts expect the company's performance for 2025 to improve slightly, with projected earnings of 669 million yuan and an average earnings per share of 0.27 yuan [3]. - Several funds have increased their holdings in Pingmei Shenma, indicating some level of confidence in the company's future performance despite current challenges [4].

Market Overview - The Shanghai Composite Index rose by 1.14% on August 28, with 22 out of 28 sectors experiencing gains, led by the communication and electronics sectors, which increased by 7.14% and 5.53% respectively [1] - The coal industry was the biggest loser of the day, declining by 0.81% [1] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 44.34 billion yuan, with five sectors seeing net inflows [1] - The electronics sector had the highest net inflow of funds, totaling 10.55 billion yuan, while the communication sector followed with a net inflow of 4.99 billion yuan [1] Coal Industry Performance - The coal industry saw a net outflow of 9.87 million yuan, with 37 stocks in the sector; 11 stocks rose while 20 fell [2] - The top three stocks with the highest net inflow in the coal sector were Meijin Energy (1.09 billion yuan), China Coal Energy (630.63 million yuan), and Yunwei Co. (233.41 million yuan) [2] - The stocks with the largest net outflows included Yongtai Energy (809.07 million yuan), China Shenhua (744.96 million yuan), and Pingmei Shenma (424.84 million yuan) [2] Individual Stock Performance - The coal sector's fund flow ranking showed that Meijin Energy had the highest increase of 5.43%, while China Shenhua and Pingmei Shenma saw declines of 0.86% and 0.88% respectively [3] - Other notable stocks included Shanxi Coking Coal, which fell by 1.11%, and Shaanxi Coal and Chemical Industry, which dropped by 4.96% [2][3]

Core Viewpoint - Pingmei Shenhua Coal Industry Co., Ltd. announced its plan to utilize the shareholder meeting reminder service provided by Shanghai Stock Exchange Information Network Co., Ltd. to actively remind shareholders to participate in voting through intelligent SMS and other means [1] Group 1 - The company will delegate Shanghai Stock Exchange Information to send meeting invitations and agenda information to each shareholder based on the shareholder register on the record date [1]

平顶山天安煤业股份有限公司 会议资料 平顶山天安煤业股份有限公司 未公开披露 2025 年第三次临时股东大会会议资料 2025 年 9 月 平顶山天安煤业股份有限公司 会议资料 目 录 | 关于取消监事会并修订《公司章程》及其附件的议案 | 1 | | --- | --- | | 关于选举公司董事议案 | 76 | 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 ...

证券代码：601666 股票简称：平煤股份 编号：2025-074 平顶山天安煤业股份有限公司（以下简称"公司"）于 2025 年 8 月 28 日披露了关于召开 2025 年第三次临时股东大会的通知，公 司拟于2025年9月16日上午9:30召开2025年第三次临时股东大会， 本次会议采用现场投票和网络投票相结合的表决方式。具体内容详见 8 月 28 日刊登在上海证券交易所网站（www.sse.com.cn）的《平煤 股份关于召开 2025 年第三次临时股东大会的通知》（公告编号： 2025-073）。 为更好的服务广大中小投资者，确保有投票意愿的中小投资者能 够及时参会、及时投票。公司拟使用上证所信息网络有限公司（以下 简称"上证信息"）提供的股东大会提醒服务，委托上证信息通过智 能短信等形式，根据股权登记日的股东名册主动提醒股东参会投票， 并向每位股东主动推送股东会参会邀请、议案情况等信息。投资者在 收 到 提 醒 信 息 后 ， 可 根 据 使 用 手 册 （ 下 载 链 接 ： https://vote.sseinfo.com/i/yjt_help.pdf）的提示步骤直接投票， 如遇通道拥堵等情况， ...

Section 1: Important Notices - The semi-annual report summary is derived from the full semi-annual report, and investors should read the full report for a comprehensive understanding of the company's operational results, financial status, and future development plans [1] - The board of directors, supervisory board, and senior management guarantee the authenticity, accuracy, and completeness of the semi-annual report content, and there are no false records, misleading statements, or significant omissions [1] - The semi-annual report has not been audited [1] Section 2: Company Overview - The company is identified as Pingdingshan Tianan Coal Industry Co., Ltd. with the stock code 601666 [2] - The report includes major financial data, but specific figures are not provided in the summary [1] - The company does not have any changes in controlling shareholders or actual controllers during the reporting period [1] Section 3: Important Events - The company will hold the 2025 Third Extraordinary General Meeting on September 16, 2025, at 9:30 AM at Ping'an Building, No. 2 Minzhu Road, Pingdingshan City, Henan Province [3][6] - Voting will be conducted through a combination of on-site and online methods, with online voting available on the Shanghai Stock Exchange's network voting system [4][5] Section 4: Meeting Agenda - The meeting will review several proposals, including the approval of the semi-annual report and the election of board members [7][24] - The proposals have been disclosed previously and will be voted on by shareholders [7] Section 5: Company Actions - The company plans to establish a subsidiary named Pingdingshan Tianan Coal Industry Co., Ltd. Tianhong Coal Washing Plant to enhance management efficiency and leverage its coal washing facilities [33][34] - The company will provide a guarantee for its subsidiary, Henan Chaolan Energy Technology Co., Ltd., for a project loan not exceeding 900 million RMB [38][39] - The company intends to engage in coal futures hedging to mitigate market risks associated with coal price fluctuations, with a maximum margin and premium of 15 million RMB [46][48] Section 6: Governance Changes - The company plans to abolish the supervisory board and allow the audit committee of the board to assume the supervisory functions as per the new Company Law [59]

Investment Rating - The report maintains a "Buy" rating for the company [4] Core Views - The company continues to implement cost reduction and efficiency enhancement measures, with expectations for the "East Introduction, West Advancement, and Going Overseas" strategy [3][4] - The company has successfully acquired mining rights and stakes in coal companies, indicating a strategic expansion in resource acquisition [3] - Revenue and net profit have significantly decreased in the first half of 2025 compared to the previous year, reflecting challenging market conditions [1][2] Financial Performance - For the first half of 2025, the company reported total revenue of 10.12 billion yuan, a year-on-year decrease of 37.95%, and a net profit attributable to shareholders of 258 million yuan, down 81.53% [1] - In the second quarter of 2025, total revenue was 4.72 billion yuan, a year-on-year decrease of 41.31%, and a net profit of 106 million yuan, down 83.82% [1] - The company’s coal production for the first half of 2025 was 14.53 million tons, a year-on-year increase of 2.3%, while sales volume decreased by 13% [7] Price and Cost Analysis - The average selling price of the company's coal in the second quarter of 2025 was 774 yuan per ton, a year-on-year decrease of 23.9%, while the comprehensive cost was 623 yuan per ton, down 11.7% year-on-year [7] - The gross profit margin for the second quarter was significantly impacted, with a gross profit of 151 yuan per ton, down 51.6% year-on-year [7] Future Projections - The company is projected to achieve net profits of 670 million yuan, 1.24 billion yuan, and 1.4 billion yuan for the years 2025, 2026, and 2027 respectively [3]

格隆汇8月27日丨平煤股份(601666.SH)发布2025年半年度报告，报告期实现营业收入101.2亿元，同比下 降37.95%；归属上市公司股东的净利润2.58亿元，同比下降81.53%；扣除非经常性损益后的归属于上市 公司股东的净利润2.83亿元，同比下降79.97%；基本每股收益0.0972元。 ...

平顶山天安煤业股份有限公司章程 平顶山天安煤业股份有限公司 章 程 二〇二五年八月 1 平顶山天安煤业股份有限公司章程 | . | 1 | B | | --- | --- | --- | | | . œ 1 | 1 | | 第一章 | 总则 . | | --- | --- | | 第二章 | 经营宗旨和范围 | | 第三章 | 服优 | | 第一节 | 股份发行 | | 第二节 | 股份增减和回购 . | | 第三节 | 股份转让 | | | 第 四章 股东和股东会 . | | 第一节 | 股东 . | | 第二节 | 控股股东和实际控制人 | | 第三节 | 股东会的一般规定 . | | 第四节 | 股东会的召集 | | 第五节 | 股东会的提案与通知 . | | 第六节 | 股东会的召开 | | 第七节 | 股东会的表决和决议 . | | 第五章 | 党建工作 . | | 第六章 | 董事和董事会 | | | 第一节 董事的一般规定 . 29 | | 第二节 | 董事会 | | 第三节 | 独立董事 | | 第四节 | 董事会专门委员会 . | | 第七章 | 高级管理人员 | | 第八章 | 财务会计制 ...

平顶山天安煤业股份有限公司 关于中国平煤神马集团财务有限责任公司 2025 年半年度风险持续评估报告 按照《上海证券交易所上市公司自律监管指引第 5 号——交易 与关联交易》的要求，平顶山天安煤业股份有限公司（以下简称"本 公司"）通过查验中国平煤神马集团财务有限责任公司（以下简称"财 务公司"）《金融许可证》《营业执照》等证件资料，审阅包括资产 负债表、利润表、现金流量表等在内的财务公司的 2025 年半年度财 务报告，对财务公司的经营资质、业务和风险状况进行了评估，现将 有关风险评估情况报告如下： 一、财务公司基本情况 中国平煤神马集团财务有限责任公司（以下简称"财务公司"） 是经中国银行业监督管理委员会核准，在国家市场监督管理局登记注 册，具有企业法人地位的非银行金融机构。 财务公司是在原中国平煤神马控股集团有限公司内部银行基础 上，于 2013 年 7 月经中国银监会批准成立。注册资本原为人民币 10 亿元，2019 年 8 月经平顶山银保监分局批准，财务公司各股东同比 例增加注册资本金 20 亿元，增加后注册资本金达到 30 亿元。其中， 中国平煤神马控股集团有限公司出资额为 15.30 亿元，出资 ...