证券代码:601918 证券简称:新集能源 编号:2025-035 中煤新集能源股份有限公司 十一届一次董事会决议公告 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。 中煤新集能源股份有限公司（以下简称"公司"）十一届一次董事 会于 2025 年 6 月 16 日书面通知全体董事，会议于 2025 年 6 月 26 日在淮南市采取现场与视频相结合方式召开。会议应到董事 8 名， 实到 8 名。根据《公司章程》的有关规定，公司全体董事一致推举 董事孙凯先生代为履行董事长职责，会议由董事孙凯先生主持。会 议召开和表决程序符合《公司法》等有关法律、行政法规、部门规 章、规范性文件和《公司章程》的规定。与会董事对本次会议议案 认真审议并以书面表决方式通过如下决议： 一、审议通过关于选举公司第十一届董事会董事长的议案。 根据《公司章程》《董事会议事规则》等规定，同意选举刘峰先 生为公司第十一届董事会董事长，任期与公司第十一届董事会任期 一致。 刘峰先生简历如下： 刘峰，男，1972 年 11 月出生，汉族，博士研究生，采矿工程专 业，正 ...

Investment Rating - The industry investment rating is "Maintain Overweight" [4] Core Viewpoints - The current coal price adjustment has been ongoing for nearly four years since the historical peak in Q4 2021, with prices generally returning to levels before the recent uptrend. The market is well aware of the price decline, indicating that the bottom may be near. It is essential to understand the industry's fundamental attributes and maintain confidence and determination [3] - The report highlights that domestic coal companies are increasingly facing losses, with over half (54.8%) of coal enterprises reporting losses as of March 2025. This situation may lead to a higher probability of production cuts as prices continue to decline [3] - The report recommends key coal enterprises such as China Shenhua (H+A), China Coal Energy (H+A), and others, emphasizing that performance-driven stocks will outperform [3][7] Summary by Sections Coal Mining - In May 2025, India's coal imports rebounded, primarily supported by coking coal imports, with total imports reaching 25.82 million tons, a year-on-year increase of 3.72% and a month-on-month increase of 15.28%, marking the highest level since July 2022 [6][2] - The report notes that the coking coal market remains relatively stable, particularly for high-quality hard coking coal, due to tightening supply from Australia [6] - The performance of the electricity, steel, and cement sectors shows significant divergence, with electricity generation from coal declining by 9.5% year-on-year, while crude steel production increased by 9.5% due to infrastructure development [6] Key Stocks - Recommended stocks include: - China Shenhua (601088.SH) - Buy - Shaanxi Coal and Chemical Industry (601225.SH) - Buy - China Qinfa (00866.HK) - Buy - China Coal Energy (601898.SH) - Buy - Electric Power Investment Energy (002128.SZ) - Buy - Jinneng Holding (601001.SH) - Buy - Yanzhou Coal Mining (600188.SH) - Buy - Xinjie Energy (601918.SH) - Buy [7] Price Trends - As of June 20, 2025, Newcastle coal prices (6000K) are at $218.90 per ton, unchanged from the previous week, while IPE South African Richards Bay coal futures settled at $91.35 per ton, up by $0.10 per ton [35] - The report indicates that coal prices in Europe ARA ports remain stable at $89.00 per ton, with no change from the previous week [35]

中煤 新集 能源 股份 有限 公司 2024 年年度 股东 大会 会议 材料 中煤新集能源股份有限公司 2025 年 6 月 26 日 中煤新集能源股份有限公司 2024年年度股东大会会议材料 目 录 | 中煤新集能源股份有限公司 2024 年年度股东大会会议议程 2 | | --- | | 议案一：关于《公司 2024 年度董事会工作报告》的议案 4 | | 议案二：关于《公司 2024 年度监事会工作报告》的议案 15 | | 议案三：关于《公司 2024 年度财务决算报告和 2025 年度预算报告》 | | 的议案 19 | | 议案四：关于《公司 2024 年度利润分配预案》的议案 20 | | 议案五：关于《公司 2024 年年度报告全文及摘要》的议案 21 | | 议案六：关于公司与中国中煤能源集团有限公司及其控股企业 2024 | | 年度关联交易实际发生情况的议案 22 | | 议案七：关于续聘 2025 年度审计机构的议案 23 | | 议案八：关于《公司 2024 年度独立董事述职报告》的议案 24 | | 议案九：关于公司 2025 年度投资计划的议案 62 | | 议案十：关于公司 2 ...

中煤新集能源股份有限公司 会议材料 中煤新集能源股份有限公司 中煤新集能源股份有限公司 2024 年年度股东大会会议材料 目 录 议案三：关于《公司 2024 年度财务决算报告和 2025 年度预算报告》 议案六：关于公司与中国中煤能源集团有限公司及其控股企业 2024 中煤新集能源股份有限公司 2024 年年度股东大会会议材料 中煤新集能源股份有限公司 一、时间：2025 年 6 月 26 日下午 14：30 二、地点：安徽省淮南市山南民惠街公司办公园区 1 号楼 2 层 会议室 三、召开方式：现场投票与网络投票相结合 四、现场会议议程： （一）会议主持人宣布会议开始，宣布到会股东、委托代表出 席及所持股份情况，公司董事、监事、高管和见证律师出席情况。 （二）推选监票人员（2 名股东代表、1 名监事代表）。 （三）逐项审议下列议案： 的议案； 年度关联交易实际发生情况的议案； 中煤新集能源股份有限公司 2024 年年度股东大会会议材料 （四）参会股东对议案进行讨论和提问。 （五）现场参会股东对上述议案进行表决。 （六）休会（统计现场投票表决结果，合并统计现场和网络投 票结果） 。 （九）见证律师宣读法律意见 ...

Investment Rating - The report maintains a "Positive" outlook on the coal industry, indicating an expectation for the sector to outperform the overall market [3]. Core Insights - The report highlights that coal prices are expected to benefit from rising international oil prices and a gradual reduction in inventory levels [3]. - The demand for thermal coal is anticipated to remain stable despite being in a traditional off-peak season, supported by supply constraints and reduced imports [3]. - Coking coal prices are expected to stabilize and rebound as the peak season approaches, driven by improved steel production and profitability [3]. Summary by Sections Recent Industry Policies and Dynamics - June marks the annual "Safety Production Month" in China, emphasizing safety and emergency preparedness [9]. - Coal transportation from Xinjiang has increased, with a total of 39.4 million tons shipped out, reflecting a year-on-year growth of 6.8% [9]. Price Trends for Thermal and Coking Coal - As of June 13, thermal coal prices remained stable, with various grades reporting little to no change [10][11]. - Coking coal prices have shown slight declines, but the report suggests a potential for stabilization as demand from steel mills increases [13]. International Oil Price Surge - Brent crude oil prices rose significantly, with a reported increase of $7.76 per barrel, marking an 11.67% rise [17]. - The relationship between international oil prices and coal prices has shown a downward trend, indicating a potential impact on coal pricing dynamics [17]. Port Inventory and Shipping Costs - Inventory levels at the Bohai Rim ports have decreased, with coal stock down to 28.688 million tons, a reduction of 63.10% week-on-week [22]. - Domestic shipping costs have declined, with average coastal shipping rates falling by 2.96% [29]. Valuation of Key Companies - The report provides a valuation table for key companies in the coal sector, highlighting their stock prices, market capitalization, and earnings projections [34]. - Companies such as China Shenhua, Shaanxi Coal, and Yanzhou Coal are recommended for their stable operations and high dividend yields [3].

● 本次权益变动系中国中煤实施本次增持计划，不触及要约收购。 ● 本次权益变动后，中国中煤持有公司股份比例从30.62%增加至31.00%。 登录新浪财经APP 搜索【信披】查看更多考评等级 中国中煤能源集团有限公司保证向本公司提供的信息真实、准确、完整，没有虚假记载、误导性陈述或 重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： ● 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"）。 ■ 一、信息披露义务人及其一致行动人的基本信息 1.身份类别 2.信息披露义务人信息 ■ 二、权益变动触及1%刻度的基本情况 ■ ■ （一）本次权益变动属于中国中煤实施已披露的增持计划，不触及要约收购 ...

Group 1 - Insurance institutions have shown increasing enthusiasm for researching listed companies, with 148 insurance institutions conducting a total of 3,863 research sessions as of June 8 [1][2] - The top five insurance companies conducting the most research are all pension insurance companies, with Ping An Pension leading at 293 sessions covering 237 companies [2] - The most researched stocks include Xinjie Energy, Huichuan Technology, and Shandong Huada, indicating a preference for undervalued blue-chip or high-growth companies [2][3] Group 2 - The industries attracting the most attention from insurance institutions include biomedicine, integrated circuits, and electronic components, with Xinjie Energy being the most popular stock among insurers [3] - Regulatory bodies are promoting long-term investment strategies for insurance funds, resulting in a significant increase in the scale of insurance capital entering the market, reaching 2.82 trillion yuan by the end of Q1 [4] - Insurance companies have accelerated their stock acquisitions, with 7 companies making a total of 16 acquisitions by June 9, surpassing the total for the entire year of 2023 [4] Group 3 - The growth in premium income has led to a substantial increase in investable funds for the insurance industry, making listed company equity an attractive investment option [5] - Bank stocks have become a focal point for insurance capital, with companies like Ping An Life increasing their holdings in Agricultural Bank and other banks due to their high dividend yields [5][6] - The favorable tax policies for dividends in the Hong Kong market further enhance the attractiveness of equity investments for insurance funds [6]

证券代码：601918 证券简称：新集能源 公告编号：2025-033 | 权益变动方向 | 比例增加√ | | 比例减少□ | | --- | --- | --- | --- | | 权益变动前合计比例 | 30.62% | | | | 权益变动后合计比例 | 31.00% | | | | 本次变动是否违反已作出的承 | 是□ | 否√ | | | 诺、意向、计划 | | | | | 是否触发强制要约收购义务 | 是□ | 否√ | | 1 一、 信息披露义务人及其一致行动人的基本信息 1.身份类别 中煤新集能源股份有限公司 关于控股股东增持计划进展暨权益变动触 及 1%刻度的提示性公告 中国中煤能源集团有限公司保证向本公司提供的信息真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示： 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" ...

Investment Rating - The report maintains a "Recommended" rating for the coal mining industry [1] Core Views - The coal mining industry is experiencing a tightening supply in safety production month, with daily consumption increasing week-on-week and port inventories decreasing [2][5] - The report highlights the potential for a rebound in thermal coal prices as the summer peak season approaches, supported by low inventory levels at power plants [5][16] - The overall coal market fundamentals have improved significantly compared to previous periods, with expectations for price stabilization and recovery [5][16] Summary by Sections Thermal Coal - Port inventories continue to decrease, with a week-on-week drop of 125.3 thousand tons, indicating a tightening supply [30] - Daily consumption at coastal and inland power plants has increased, with a week-on-week rise of 2.0 and 24.9 thousand tons respectively [25][31] - The average price of thermal coal at Qinhuangdao port has decreased by 2 yuan/ton week-on-week, now at 609 yuan/ton [17] Coking Coal - Supply of coking coal has contracted, with a week-on-week decrease in production capacity utilization by 0.87 percentage points [41] - The average customs clearance volume of Mongolian coal has decreased by 234 trucks week-on-week [45] - Coking coal prices at major ports have decreased, with the price at Jing Tang port dropping by 30 yuan/ton to 1270 yuan/ton [42] Coke - The implementation of the third round of price reductions has led to a decrease in the operating rate of coke enterprises, down 0.15 percentage points to 76.04% [53] - Coke prices have decreased by 70 yuan/ton week-on-week, now at 1280 yuan/ton [53] - The average profit per ton of coke has improved by 20 yuan/ton week-on-week, now at -19 yuan/ton [57] Investment Opportunities - The report suggests focusing on companies with strong cash flow and high profitability, such as China Shenhua, Shaanxi Coal, and China Coal Energy [78] - It emphasizes the value attributes of the coal sector, particularly in the context of recent government support and market stability [77][78]

Investment Rating - The industry investment rating is "Maintain Buy" for coal mining companies [4][6]. Core Viewpoints - The current coal price adjustment has been ongoing for nearly four years since the historical peak in Q4 2021, and the market is well aware of the price decline. The industry is at a critical stage of price bottoming, and the bottom may not be far off. It is essential to grasp the intrinsic attributes of the industry and maintain confidence [3]. - In May 2025, India's coal-fired power generation decreased by 9.5% year-on-year to 113.3 billion kWh, marking the largest year-on-year decline since June 2020 [2]. - The report emphasizes that domestic coal companies are increasingly facing losses, with over half (54.8%) of coal enterprises reporting losses as of March 2025. This trend may lead to increased probabilities of both passive and active production cuts [3]. Summary by Sections Coal Prices - As of June 6, 2025, coal prices showed mixed trends: European ARA port coal price at $89/ton (down 2.2%), Newcastle port coal price at $218.9/ton (unchanged), and IPE South Africa Richards Bay coal futures at $91/ton (up 1.2%) [1][32]. Key Recommendations - Recommended stocks include: - China Shenhua (601088.SH) - Buy - Shaanxi Coal and Energy (601225.SH) - Buy - China Qinfa (00866.HK) - Buy - China Coal Energy (601898.SH) - Buy - Electric Power Energy (002128.SZ) - Buy - Jinko Coal Industry (601001.SH) - Buy - Yancoal Energy (600188.SH) - Buy - New Hope Energy (601918.SH) - Buy [6]. Electricity Demand - In May 2025, India's total electricity generation decreased by 5.3% year-on-year to 160.4 billion kWh, with peak demand down 8% to 231,000 MW, primarily due to mild weather conditions [5].