| 证券代码：603113 | 证券简称：金能科技 | 公告编号：2025-071 | | --- | --- | --- | | 债券代码:113545 | 债券简称：金能转债 | | 金能科技股份有限公司 关于召开2025年第三次临时股东会的通知 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： 一、 召开会议的基本情况 (一) 股东会类型和届次 股东会召开日期：2025年8月11日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 8 月 11 日 至2025 年 8 月 11 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的 ...

| 证券代码：603113 | 证券简称：金能科技 | 公告编号：2025-069 | | --- | --- | --- | | 债券代码：113545 | 债券简称：金能转债 | | 金能科技股份有限公司 为保障公司持续健康发展，公司董事会提议向下修正"金能转债"的转股价 格并提交公司股东会审议，同时提请股东会授权董事会根据《募集说明书》中相 关条款办理本次向下修正转股价格相关事宜，包括本次修正后的转股价格、生效 日期以及其他必要事项，并全权办理相关手续，授权有效期自股东会审议通过之 日起至修正相关工作完成之日止。 具体内容详见公司同日披露在上海证券交易所网站（www.sse.com.cn）及指 定媒体的《金能科技股份有限公司关于向下修正"金能转债"转股价格的公告》 第五届董事会第十五次会议决议公告 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个别及连带责任。 重要内容提示： 一、董事会会议召开情况 金能科技股份有限公司（以下简称"公司"）第五届董事会第十五次会议于 2025 年 7 月 25 日以现场结合通讯表决方式召开。本次应 ...

Investment Rating - The industry rating is "Positive" [1] Core Viewpoints - The report indicates that the negative impact from the mid-year report has been fully absorbed, and the fundamentals of the coal industry remain upward [1] - The coal sector has underperformed the CSI 300 index, with a decline of 0.74% compared to a 1.09% increase in the index, resulting in a relative underperformance of 1.83 percentage points [2] - Key monitored enterprises reported an average daily coal sales volume of 7.31 million tons, which is a week-on-week increase of 2.8% and a year-on-year increase of 4.7% [2] - The report highlights a decrease in coal inventory by 4% week-on-week, while year-on-year inventory has increased by 19.8% [2] Summary by Sections Coal Market Performance - The coal sector saw 6 stocks rise and 31 stocks fall during the week, with ST Dazhou showing the highest increase of 4.89% [2] - The average daily sales of thermal coal increased by 3.2% week-on-week, while coking coal sales rose by 1.9% [2] Price Trends - As of July 18, 2025, the price index for thermal coal (Q5500K) in the Bohai Rim was 663 RMB/ton, reflecting a week-on-week increase of 0.15% [3] - The price of coking coal at Jing Tang Port was 1420 RMB/ton, with a week-on-week increase of 8.4% [4] Investment Recommendations - The report suggests that social inventory continues to decline, and current demand remains promising, with domestic power plants showing a significant increase in daily coal consumption [6] - The report recommends focusing on high-dividend thermal coal companies and coking coal companies that are experiencing turnaround potential, such as China Shenhua, Shaanxi Coal, and others [6]

| 证券代码：603113 | 证券简称：金能科技 | 公告编号：2025-068 | | --- | --- | --- | | 债券代码：113545 | 债券简称：金能转债 | | 金能科技股份有限公司 关于"金能转债"预计触发转股价格向下修正条件的提示性公告 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个别及连带责任。 重要内容提示： 1、证券代码：603113，证券简称：金能科技 2025 年 7 月 5 日至 2025 年 7 月 18 日，公司股票已有 10 个交易日的收盘价 低于当期转股价格的 80%，预计将触发转股价格向下修正条件。若触发条件（任 意连续三十个交易日中至少有十五个交易日的收盘价低于当期转股价格的 80%）， 公司将按照《金能科技股份有限公司公开发行 A 股可转换公司债券募集说明书》 的约定及时履行后续审议程序和信息披露义务。敬请广大投资者注意投资风险。 一、可转换公司债券基本情况 （一）可转换公司债券发行上市情况 经中国证券监督管理委员会《关于核准金能科技股份有限公司公开发行可转 换公司债券的批复》（ ...

Group 1 - The article discusses the recent market performance, indicating that the Shanghai Composite Index has stabilized around 3500 points, driven by policy expectations and potential government stimulus measures [1][2] - Analysts from Citigroup predict that the upcoming Politburo meeting will not revise the budget or increase government bond quotas, but will focus on implementing existing policies to support consumption and the real estate sector [1][2] - The article highlights that the real estate market has shown signs of recovery, with a potential for further gains in the coming weeks, based on historical trends of policy-driven market movements [3][5] Group 2 - The banking sector is expected to see an increase in dividend yields due to upcoming dividend distributions, which could enhance the attractiveness of bank stocks [7] - The article notes that the insurance sector is adjusting its investment strategies to favor high-dividend assets, which may impact the overall market dynamics [7] - The article mentions that the real estate index has risen by 9.69% since June 23, indicating a positive trend relative to the Shanghai Composite Index [3][5] Group 3 - The article outlines the upcoming key events in the financial calendar, including the Politburo meeting and FOMC meetings, which are expected to influence market sentiment and policy direction [2] - It emphasizes the importance of monitoring economic indicators and policy announcements as they could significantly impact market performance in the second half of the year [2][10] - The article suggests that sectors such as renewable energy, construction materials, and industrial metals are likely to benefit from current market trends and policy support [15][18]

Investment Rating - The industry rating is "Positive" [1] Core Views - Social inventory has decreased for the first time, and summer demand is expected to remain strong. Domestic power plants are increasing daily coal consumption, leading to rising coal prices. Policies to control production and improve quality are being emphasized, supporting the fundamentals of both coking coal and thermal coal [6][29] - The report highlights that the overall level of social inventory is stable, with a significant increase in daily consumption expected due to hot weather and ongoing replenishment needs at power plants. The coking coal sector may see marginal improvements in performance due to potential declines in capacity utilization driven by environmental factors [6][29] Summary by Sections Coal Sector Performance - The coal sector saw a weekly increase of 0.71%, underperforming the CSI 300 index, which rose by 0.82%. A total of 34 stocks in the sector increased in price, while 3 declined. Meijin Energy had the highest weekly increase at 10.8% [2] - Key monitored enterprises reported an average daily coal sales volume of 7.21 million tons from July 4 to July 10, 2025, a week-on-week increase of 3.7% and a year-on-year increase of 2.8% [2] Price Trends - As of July 11, 2025, the price of thermal coal (Q5500K) in the Bohai Rim was 662 CNY/ton, a week-on-week decrease of 0.3%. The price index for imported thermal coal rose by 1.21% to 750 CNY/ton [3] - The price of coking coal at Jingtang Port was 1310 CNY/ton, up 4.8% week-on-week, while the price of metallurgical coke remained stable at 1320 CNY/ton [4] Supply and Demand Dynamics - The cumulative coal sales volume for key monitored enterprises was 131.73 million tons as of July 10, 2025, a year-on-year decrease of 3.8%. The demand from the power and chemical industries showed a year-on-year decrease of 3% and an increase of 16.6%, respectively [2][28] - The report indicates that the daily coal consumption in the power sector is expected to rise significantly, with the total social inventory of coal at 32.86 million tons, a week-on-week decrease of 2.6% [2][28] Investment Recommendations - The report suggests focusing on high-dividend thermal coal companies and coking coal companies that may experience a turnaround. Key companies to watch include China Shenhua, Shaanxi Coal and Chemical Industry, and Meijin Energy among others [6][29]

Group 1 - The company expects to achieve a net profit attributable to shareholders of the parent company between 24 million and 28 million yuan for the first half of 2025, representing an increase of 67.03 million to 71.03 million yuan compared to the same period last year, which is a year-on-year increase of 155.77% to 165.07% [1][2] - The expected net profit after deducting non-recurring gains and losses is projected to be between -37 million and -30 million yuan, which indicates an increase of 30.37 million to 37.37 million yuan compared to the same period last year, reflecting a year-on-year increase of 45.08% to 55.47% [2] - The previous year's net profit attributable to shareholders of the parent company was -43.03 million yuan, and the net profit after deducting non-recurring gains and losses was -67.37 million yuan [2] Group 2 - The company’s preliminary financial calculations indicate significant improvement in profitability compared to the previous year, with a notable increase in net profit [1][2] - The company emphasizes that the performance forecast is based on preliminary calculations and has not been audited by registered accountants, but there are no major uncertainties affecting the accuracy of the forecast [2]

[Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company projects a significant H1 2025 turnaround to profitability, with net profit attributable to shareholders showing substantial growth and a narrowed non-recurring adjusted net loss H1 2025 Performance Forecast Summary | Indicator | Estimated Amount (million yuan) | Year-on-Year Change (million yuan) | Year-on-Year Growth Rate | | :--- | :--- | :--- | :--- | | **Net Profit Attributable to Owners of the Parent Company** | 24 to 28 | Increase 67.0335 to 71.0335 | 155.77% to 165.07% | | **Net Profit After Deducting Non-Recurring Gains and Losses** | -37 to -30 | Increase 30.3748 to 37.3748 | 45.08% to 55.47% | [Review of Prior Period Performance](index=1&type=section&id=II.%20Prior%20Period%20Operating%20Performance%20and%20Financial%20Position) In H1 2024, the company reported significant losses, with negative net profit attributable to shareholders and a larger non-recurring adjusted net loss, establishing a low base for current period improvement H1 2024 Operating Performance Summary | Indicator | H1 2024 Amount | | :--- | :--- | | Total Profit | -46.1199 million yuan | | Net Profit Attributable to Owners of the Parent Company | -43.0335 million yuan | | Net Profit After Deducting Non-Recurring Gains and Losses | -67.3748 million yuan | | Earnings Per Share | -0.05 yuan | [Drivers of Performance Growth](index=2&type=section&id=III.%20Primary%20Reasons%20for%20Current%20Period%20Performance%20Increase) The significant performance growth is primarily driven by improved main business operations and optimized financial conditions - Main business improvement: Increased production and sales of key products (olefins and coke) drove **revenue growth**, while **gross profit also improved**[8](index=8&type=chunk) - Optimized financial conditions: The company's **financial expenses decreased** in the current period, and **investment income increased**, positively impacting net profit[8](index=8&type=chunk) [Risk Warning and Uncertainty](index=2&type=section&id=IV.%20Risk%20Warning) The company's performance forecast is preliminary and unaudited, indicating potential differences in final figures, though no significant uncertainties are currently identified - This performance forecast data is **preliminary and unaudited** by a certified public accountant; **final data will be subject to the company's officially disclosed semi-annual report**[9](index=9&type=chunk)[10](index=10&type=chunk)

Core Viewpoint - Jineng Technology (603113.SH) expects a significant increase in net profit for the first half of 2025, projecting a growth of 155.77% to 165.07% year-on-year, driven by increased sales volume and revenue of main products, improved gross margins of olefins and coke, reduced financial expenses, and increased investment income [1] Summary by Categories Financial Performance - The company anticipates a net profit attributable to shareholders of the parent company between 24 million to 28 million yuan for the first half of 2025 [1] Revenue Drivers - Key factors contributing to the profit increase include higher production and sales volumes, as well as revenue growth from main products [1] - The gross margin for olefins and coke has improved, further supporting the profit growth [1] Cost Management - A reduction in financial expenses has positively impacted the net profit [1] - Increased investment income has also contributed to the overall profit growth [1]

Core Viewpoint - The launch of the China Securities Commodity Index Company's first sector-based commodity futures index series, the China Securities Energy and Chemical Industry Futures Index Series, aims to objectively reflect the price trends and industrial cycle changes of China's energy and chemical industry, which accounts for over 40% of the global market [1][2]. Group 1: Index Characteristics - The series includes three specific indices: the China Securities Energy and Chemical Industry Futures Price/Index, the China Securities Energy Chemical Finished Product Futures Price/Index, and the China Securities Organic Chemical Product Futures Price/Index [2]. - The indices are based on domestic listed futures varieties, covering important products from both the futures and spot markets, thus providing a comprehensive view of the energy and chemical industry chain [2][3]. - The series focuses on different segments of the industry chain and selects mature products in the futures market, offering reliable market dynamics for enterprises and investors to hedge against price volatility [2][4]. Group 2: Impact on Enterprises - The index design balances macroeconomic commonalities and microeconomic characteristics, aiding production companies in planning production and sales strategies based on market supply and demand trends [3][4]. - The series is expected to enhance the pricing power of Chinese commodities in the global market, filling the gap in pricing benchmarks for the industry chain [4][9]. - The index's comprehensive coverage allows for better price signals, enabling companies to manage production and procurement more effectively [6][7]. Group 3: Market Dynamics - The correlation and hedging efficiency of six energy and chemical futures varieties have remained above 90% from 2021 to 2024, indicating the importance of the pricing mechanism for upstream and downstream enterprises [5]. - The index provides a more intuitive and macro price signal, facilitating smoother cooperation between suppliers and buyers in the commodity market [6][7]. - The index's introduction is seen as a significant step towards a more systematic and diversified commodity futures market in China, enhancing the overall risk management capabilities of the industry [4][9][10].