Financial Performance - The company's operating revenue for Q1 2025 was CNY 2,909,615,284.74, a decrease of 4.85% compared to CNY 3,057,916,211.41 in the same period last year[3] - Net profit attributable to shareholders was CNY 531,834,538.12, down 11.01% from CNY 597,626,575.56 year-on-year[3] - The net profit for Q1 2025 was CNY 566.30 million, a decrease of 14.5% compared to CNY 662.53 million in Q1 2024[20] - Operating profit for Q1 2025 was CNY 840.15 million, down from CNY 900.31 million in Q1 2024, reflecting a decline of 6.7%[20] - Total revenue from operating activities in Q1 2025 was CNY 3.60 billion, a decrease of 3.2% from CNY 3.72 billion in Q1 2024[23] - The total profit before tax for Q1 2025 was CNY 832.94 million, down from CNY 911.03 million in Q1 2024, reflecting a decline of 8.5%[20] Cash Flow and Liquidity - The net cash flow from operating activities decreased by 23.43%, amounting to CNY 749,040,692.36 compared to CNY 978,239,766.97 in the previous year[3] - Cash flow from operating activities for Q1 2025 was CNY 749.04 million, down 23.4% from CNY 978.24 million in Q1 2024[23] - Cash and cash equivalents increased to CNY 2,390,125,584.72 as of March 31, 2025, compared to CNY 2,286,458,017.05 at the end of 2024, indicating improved liquidity[14] - The company reported a cash and cash equivalents balance of CNY 2.22 billion at the end of Q1 2025, slightly down from CNY 2.26 billion at the end of Q1 2024[24] - The total cash inflow from financing activities in Q1 2025 was CNY 2.45 billion, a decrease of 25.8% from CNY 3.30 billion in Q1 2024[24] Assets and Liabilities - The total assets at the end of the reporting period were CNY 45,539,133,988.05, reflecting a 1.95% increase from CNY 44,665,923,358.32 at the end of the previous year[5] - Total assets increased to CNY 45,539,133,988.05 as of March 31, 2025, compared to CNY 44,665,923,358.32 at the end of 2024, showing growth in the asset base[16] - Total liabilities rose to CNY 27,514,305,331.83 from CNY 27,251,223,226.25, reflecting increased borrowing or obligations[16] - The company's equity increased to CNY 18,024,828,656.22 from CNY 17,414,700,132.07, indicating a strengthening financial position[17] Shareholder Information - The top three shareholders are China Coal Energy Group Co., Ltd. (30.61%), Guohua Energy Co., Ltd. (7.59%), and Anhui Xinjic Coal Power (Group) Co., Ltd. (7.18%) with no related party transactions among them[9] - The company reported a total of 95,720 common shareholders at the end of the reporting period[7] Inventory and Costs - The company's inventory increased by 62.59%, primarily due to an increase in coal stock[6] - The total operating costs for Q1 2025 were CNY 2,089,980,172.31, down from CNY 2,184,754,492.11 in Q1 2024, reflecting a cost reduction strategy[18] - Inventory rose significantly to CNY 500,409,767.55 from CNY 307,775,023.90, indicating potential overstocking or increased production[15] Project Updates - As of the end of March 2025, the company has made significant progress on the Shangrao Power Plant project, with 26,300 boiler heating surfaces combined for Unit 1 and 8,200 for Unit 2[11] - The construction progress of the Chuzhou Power Plant project is on schedule, with 90% completion of the main plant steel frame[12] - The company will continue to monitor investment projects closely and fulfill information disclosure obligations to mitigate investment risks[12] Research and Development - Research and development expenses were CNY 1.10 million in Q1 2025, compared to CNY 0 in Q1 2024, indicating an increase in investment in innovation[20] Return on Equity - The weighted average return on equity decreased by 0.96 percentage points to 3.36% from 4.32%[3] Earnings Per Share - The basic and diluted earnings per share for Q1 2025 were both CNY 0.205, down from CNY 0.231 in Q1 2024, representing a decrease of 11.3%[20] Investment Contributions - Cash received from investment increased by 261.11%, mainly due to capital contributions from minority shareholders in new projects[6] - The company raised CNY 227.50 million from minority shareholders in Q1 2025, significantly higher than CNY 63.00 million in Q1 2024[24]

证券代码:601918 证券简称:新集能源 编号:2025-024 中煤新集能源股份有限公司 关于召开 2025 年第一季度业绩说明会的 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。 重要内容提示： ● 会议召开时间：2025 年 04 月 28 日（星期一）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 2025 年 04 月 21 日(星期一)至 04 月 25 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 xjnyir@chinacoal.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。 中煤新集能源股份有限公司（以下简称"公司"）将于 2025 年 04 月 26 日发布公司 2025 年第一季度报告。为便于广大投资者更全面 深入地了解公司 2025 年第一季度的经营成果及财务状况，公司计划 于 20 ...

报告显示，公司2024年营业收入为127.27亿元，同比下降0.92%；归母净利润为23.93亿元，同比增长 13.44%；扣非归母净利润为23.88亿元，同比增长16.30%；基本每股收益0.92元。 新集能源2024年毛利率为42.73%，同比上升3.06%；净利率为21.08%，较上年同期上升2.36%。 2024年，公司期间费用为14.03亿元，较上年同期增加1852.98万元；期间费用率为11.02%，较上年同期 上升0.25%。其中，销售费用同比减少1.16%，管理费用同比增长7.95%，研发费用同比减少88.39%，财 务费用同比减少6.61%。 万磊，1971年7月出生，曾任公司新集三矿掘进二队队长、通风科科长、副总工程师、生产技术办主 任、副矿长、 矿长兼党委副书记，公司口孜东矿矿长，公司生产技术部部长、集中控制中心主任，新 集能源公司新集二矿矿长、二级生产总监。现任新集能源公司党委委员、副总经理。 | | | | | | | | | | | 单位:股 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1][10]. Core Views - The report highlights that the increase in coal quality has significantly offset the decline in coal prices, leading to a year-on-year increase in gross profit per ton of coal by 8 CNY in Q1 [5]. - The company has shown growth in both production and sales, with raw coal production increasing by 10.5% year-on-year to 5.54 million tons, and commodity coal production rising by 6.3% to 4.99 million tons [5]. - The report anticipates that the company's performance will be supported by the increase in coal quality and the rise in electricity generation, despite the current weak coal prices [9]. Summary by Sections Recent Performance - The company's stock performance relative to the CSI 300 index shows a decline of 23.0% over the past 12 months, while the index itself has increased by 3.2% [3]. - As of April 8, 2025, the current stock price is 6.53 CNY, with a market capitalization of approximately 16.92 billion CNY [3]. Financial Projections - Revenue projections for 2025-2027 are estimated at 131.7 billion CNY, 145.9 billion CNY, and 175.7 billion CNY, respectively, with growth rates of 3%, 11%, and 20% [8]. - The net profit attributable to the parent company is forecasted to be 23.04 billion CNY in 2025, with a slight decrease of 4% from the previous year, followed by increases of 15% and 19% in the subsequent years [9]. Operational Highlights - The company has successfully increased its electricity generation by 47% year-on-year in Q1, with total electricity generation reaching 3.6 billion kWh [5]. - The report notes that the construction of power plants is progressing smoothly, enhancing the company's coal-electricity integration strategy [5].

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： 登录新浪财经APP 搜索【信披】查看更多考评等级 二、增持计划的主要内容 基于对公司未来发展前景的信心和对资本市场长期投资价值的认可，为促进公司持续、健康、稳定发 展，中国中煤决定实施本次增持计划。本次增持计划的具体内容详见公司于2025年1月4日披露的《中煤 新集能源股份有限公司关于控股股东增持公司股份计划的公告》（公告编号：2025-001）。 三、增持计划实施进展情况 根据证券市场情况和自身资金安排，中国中煤于2025年1月4日至2025年4月7日期间通过上海证券交易所 交易系统以集中竞价方式累计增持公司7,920,495股A股股份，占公司总股本比例约为0.31%，累计增持 金额51,885,164元（不含佣金税费）。本次增持计划尚未实施完毕，中国中煤坚定看好中国资本市场和 公司发展前景，后续将在遵守相关法律法规的前提下，根据公司股票价格波动情况择机加快实施本次增 持计划，进一步优化资本结构，增强投资者信心，推动公司高质量发展。 截至本公告披露日，中国中煤持 ...

证券代码:601918 证券简称:新集能源 编号:2025-023 中煤新集能源股份有限公司 2025 年第一季度经营数据公告 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。 根据上海证券交易所《上市公司行业信息披露指引第二号-煤炭》 《上市公司行业信息披露指引第三号-电力》要求，中煤新集能源股 份有限公司（以下简称"公司"）将 2025 年第一季度煤炭、电力业务 主要经营数据公告如下： 二、电力业务 | 经营指标 | 单位 | 2025 年 | 上年同期 | 同比增 | | --- | --- | --- | --- | --- | | | | 月累计 1-3 | | 减(%) | | 发电量 | 亿千瓦时 | 36.23 | 24.62 | 47.16 | | 上网电量 | 亿千瓦时 | 34.26 | 23.32 | 46.91 | | 平均上网电价（不含税） | 元/千瓦时 | 0.3749 | 0.4081 | -8.14 | 本公告经营数据未经审计，请投资者注意投资风险并审慎使用。 特此公告。 中煤新集能源股份有限 ...

证券代码:601918 证券简称:新集能源 编号:2025-022 中煤新集能源股份有限公司 关于控股股东增持公司股份的进展公告 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： 增持计划基本情况：中煤新集能源股份有限公司（以下简称"公 司"）于 2025 年 1 月 4 日披露了《中煤新集能源股份有限公司关于控 股股东增持公司股份计划的公告》（公告编号：2025-001），公司控股 股东中国中煤能源集团有限公司（以下简称"中国中煤"）拟自该公告 披露之日起 12 个月内通过上海证券交易所交易系统采用集中竞价方 式增持公司 A 股股份，增持总金额不低于人民币 2.5 亿元，不高于人 民币 5 亿元，且增持数量不超过公司总股本的 2%（以下简称"本次 增持计划"）。 增持进展情况：中国中煤于 2025 年 1 月 4 日至 2025 年 4 月 7 日期间通过上海证券交易所交易系统以集中竞价方式累计增持公司 7,920,495 股 A 股股份，占公司总股本比例约为 0.31%，累计增持金 额为 51,885,164 ...

证券研究报告 2025年04月06日 煤炭开采 新集能源(601918.SH)深度报告之二：安徽火电预计未来三 年依然偏紧，新集能源煤电投产将增厚业绩 评级：买入(维持) 陈晨(证券分析师) 张益(联系人) S0350522110007 S0350124100016 chenc09@ghzq.com.cn zhangy33@ghzq.com.cn 最近一年走势 -31% -20% -10% 1% 11% 21% 2024/04/03 2024/06/03 2024/08/03 2024/10/03 2024/12/03 2025/02/03 2025/04/03 新集能源 沪深300 相对沪深300表现 | 表现 | 1M | 3M | 12M | | --- | --- | --- | --- | | 新集能源 | 7.0% | -1.2% | -21.8% | | 沪深300 | -0.7% | 2.3% | 8.2% | | 市场数据 | 2025/04/03 | | --- | --- | | 当前价格（元） | 6.86 | | 52周价格区间（元） | 6.21-10.71 | | 总市值（百万） ...

新集能源 20250401 请介绍一下新集能源公司在 2024 年的经营业绩和基本情况。 摘要 新集能源是一家专业从事煤炭开采销售和发电业务的上市公司，业务主要集中 在安徽省及周边省份。公司拥有丰富的煤炭资源，煤炭品质优良，业务范围涵 盖了煤炭采掘、火力发电、新能源等领域，为客户提供多元化的能源服务。目 • 新集能源 2024 年原煤产量 2,152 万吨，商品煤销量 1,887 万吨，均价 567.43 元/吨，单位成本 432.24 元/吨。发电量 129.72 亿度，售电量 122.55 亿度，均价 0.4,078 元/度，单位成本 0.3,379 元/度。营业收入 127.27 亿元，利润总额 37.26 亿元，归母净利润 23.93 亿元，每股收益 0.924 元。 • 2024 年单吨人工成本同比下降 1%，得益于绩效管理调整和严格的成本管控， 包括工资、材料、管理、销售及财务费用控制。预计 2025 年将继续加强成 本控制以应对煤价下跌压力。 • 2024 年度电燃料成本增长 3%，主要因板集电厂一期和二期投产，但燃料成 本仍低于同行业。板集电厂燃料成本优势源于长协煤供应和坑口电厂的运 输优势。 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [11]. Core Views - The company is expected to achieve a net profit attributable to shareholders of 2.393 billion yuan in 2024, an increase of 284 million yuan year-on-year (up 13.44%) [2][6]. - In Q4 2024, the net profit attributable to shareholders is projected to be 569 million yuan, a year-on-year increase of 380 million yuan (up 201.28%) but a quarter-on-quarter decrease of 80 million yuan (down 12.32%) [2][6]. - The cash dividend is set at 414 million yuan, with a dividend payout ratio of 17.32%, a decrease of 1.1 percentage points year-on-year [2][6]. - The integration of coal and electricity operations is accelerating, with growth attributes gradually being realized [2][15]. - The second phase of the Banji Power Plant is expected to be operational by September 2025, which will provide additional electricity output to offset the impact of declining electricity prices in Anhui on profitability [15]. Summary by Sections Coal Production - In Q4, the company achieved coal production and sales of 5.17 million tons and 5.09 million tons, respectively, representing year-on-year increases of 15% and 14% [7]. - The average selling price of coal in Q4 was 582 yuan per ton, a year-on-year increase of 2% [7][8]. - The cost of coal per ton in Q4 was 346 yuan, a decrease of 15% year-on-year [7]. - The gross profit per ton of coal in Q4 was 236 yuan, an increase of 44% year-on-year [8]. Electricity Generation - In Q4, the company generated and sold 4.3 billion and 4.1 billion kilowatt-hours of electricity, respectively, with year-on-year increases of 38% and 41% [9]. - The average on-grid electricity price (excluding tax) in Q4 was 0.4118 yuan per kilowatt-hour, a year-on-year increase of 0.4% [9]. - For the full year 2024, the company is expected to generate and sell 12.9 billion and 12.2 billion kilowatt-hours of electricity, respectively, with year-on-year increases of 23% [9]. Future Projections - The company has several power plant projects under construction, including the Shangrao Power Plant (2*1000MW) and Chuzhou Power Plant (2*660MW), expected to be connected to the grid in March 2026 [15]. - The company anticipates significant profitability from these projects once they are fully operational [15].