证券代码：900948 证券简称：伊泰 B 股 公告编号：临 2025-043 | 项目 | 2025 年第二季度 | 2025 年 1-6 | 月 | | | | --- | --- | --- | --- | --- | --- | | | | | 第二季度 | | 1-6 月 | | 煤炭产量（万吨） | 1,562.17 | 3,007.72 | | 13.52 | 17.59 | | 销售煤炭（万吨） | 1,847.40 | 3,633.62 | | 8.51 | 10.83 | | 销售收入（万元） | 748,489.19 | 1,562,986.20 | | -20.25 | -17.66 | | 销售成本（万元） | 558,757.85 | 1,132,408.84 | | -13.95 | -11.14 | | 销售毛利（万元） | 189,731.34 | 430,577.35 | | -34.39 | -30.97 | 以上生产经营数据源自公司内部统计，为投资者及时了解公司生产经营概况 之用，可能与公司定期报告披露的数据有差异。投资者应注意不恰当信赖或使用 以上信息可能造成投资风险 ...

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： 对外担保逾期的累计数量：截至本公告日，无逾期对外担保。 证券代码：900948 证券简称：伊泰 B 股 公告编号：临 2025-044 内蒙古伊泰煤炭股份有限公司 被担保人名称及是否为上市公司关联人：被担保人为内蒙古伊泰化工有 限责任公司、伊泰伊犁矿业有限公司，均不是公司关联人。 关于公司 2025 年 6 月对外提供担保的进展公告 6 月实际发生担保 535.71 万元，无反担保。 一、公司对外担保预计审批情况 内蒙古伊泰煤炭股份有限公司（"公司"或"本公司"）于 2025 年 4 月 28 日、2025 年 5 月 19 日分别召开了第九届董事会第十五次会议和 2024 年年度股 东大会，审议通过了《关于公司 2025 年度为控股子公司提供担保预计的议案》 及《关于公司 2025 年度为部分全资子公司、控股子公司商业承兑汇票融资业务 提供担保预计的议案》，同意公司为控股子公司向金融机构借款或融资提供总额 不超过 211.50 亿元的担保（包括但不限于抵押、质押 ...

币种：人民币 | 项目 | 2025 年第二季度 | 2025 年 1-6 月 | 同比增减变动幅度(%) | | | --- | --- | --- | --- | --- | | | | | 2025 年 | 2025 年 | | | | | 第二季度 | 1-6 月 | | 煤炭产量（万吨） | 1,562.17 | 3,007.72 | 13.52 | 17.59 | | 销售煤炭（万吨） | 1,847.40 | 3,633.62 | 8.51 | 10.83 | | 销售收入（万元） | 748,489.19 | 1,562,986.20 | -20.25 | -17.66 | | 销售成本（万元） | 558,757.85 | 1,132,408.84 | -13.95 | -11.14 | | 销售毛利（万元） | 189,731.34 | 430,577.35 | -34.39 | -30.97 | 证券代码：900948 证券简称：伊泰 B 股 公告编号：临 2025-043 内蒙古伊泰煤炭股份有限公司 关于 2025 年第二季度经营情况的公告 本公司董事会及全体董事保证本公告内容不存在任 ...

Core Viewpoint - *ST Xinchao (600777.SH) is facing increasing delisting risks despite having 7.9 billion in undistributed profits, as it has not issued dividends for 15 years, raising concerns among investors [1][5]. Group 1: Shareholder Meeting and Control Changes - On July 24, *ST Xinchao held its third extraordinary general meeting of shareholders for 2025, which was self-convened by six shareholders holding a combined 14.99% stake, marking the first instance of a self-convened shareholder meeting by minority shareholders in A-share listed companies in 2025 [1]. - The meeting resulted in the election of Zhang Junyu from the Yitai Group as the chairman of the 13th board of directors, indicating a shift in control towards Yitai B shares, which successfully acquired a 51% stake in *ST Xinchao [3][2]. - Prior to the meeting, the current management warned that the convening of the extraordinary general meeting did not comply with legal regulations [3]. Group 2: Financial Performance and Risks - *ST Xinchao has reported revenues of 9.36 billion, 8.85 billion, and 8.36 billion for the years 2022 to 2024, with net profits of 3.13 billion, 2.60 billion, and 2.04 billion respectively, totaling 7.76 billion in profits over three years [6]. - As of the first quarter of 2025, the company achieved a revenue of 2.16 billion and a net profit of 590 million, with accumulated undistributed profits reaching 7.92 billion [6]. - The company has been under investigation by the China Securities Regulatory Commission since May 6 for failing to disclose periodic reports on time, leading to its stock being suspended and marked with delisting risk warnings [5]. Group 3: Dividend Policy and Future Commitments - *ST Xinchao has not issued dividends since 2009, despite its substantial undistributed profits, which has drawn criticism from minority shareholders [5][7]. - Zhang Jingquan, chairman of Yitai B shares, committed to maximizing company value and adhering to new regulations to enhance investor returns, highlighting Yitai's history of 29 dividend distributions totaling over 36 billion [7].

Core Viewpoint - The control battle for *ST Xinchao reached a significant turning point on July 24, with a successful temporary shareholders' meeting that resulted in a major change in the company's governance structure [1] Summary by Sections Election Results - The temporary shareholders' meeting approved all proposals for the early re-election of the board of directors and the supervisory board. In the non-independent director elections, Zhang Xiuwen, Zhang Junyu, Liu Chunlin, Zhang Jingquan, and Lian Tao were successfully elected, with four of them having backgrounds in Yitai Group. Independent directors Chen Xiaojun, Xu Huaxi, and Xie Xianghua were elected, with Xie having served as an independent director for Yitai B shares from 2007 to 2013. The newly formed 13th board of directors elected Zhang Junyu as chairman, and the legal representative was changed from Liu Bin to Zhang Junyu. The company also appointed new senior management and relocated its office from Chaoyang District, Beijing, to Yantai City, Shandong Province. In the supervisory board re-election, Yang Xu was elected as chairman, and Su Taoyong remained a supervisor. Notably, 6 out of the 10 members of the new board and supervisory board have backgrounds in Yitai Group, indicating Yitai's dominant position in the company's governance [3] Control Battle History - The control battle for *ST Xinchao dates back to April of this year when Yitai B shares made a partial tender offer to all shareholders of *ST Xinchao, planning to acquire 51% of the shares. By the end of the tender offer on May 22, Yitai B shares had spent over 11.5 billion yuan to successfully acquire 50.1% of *ST Xinchao's shares, becoming the largest shareholder. This acquisition set a record for the first competitive tender offer in A-shares. However, despite gaining a controlling position, Yitai B shares faced significant resistance during the transition of the board and senior management. On June 21, shareholders Shenzhen Hongyu, Chen Kaijun, and four others requested a shareholders' meeting to elect a new board and supervisory board, which was unanimously rejected by the current board on June 28. Subsequently, the same request was made to the supervisory board but was not approved in the meeting on July 4. Faced with continuous obstacles, the six shareholders decided to convene a shareholders' meeting independently, ultimately leading to the temporary shareholders' meeting on July 24 [4]

Group 1 - The temporary shareholders' meeting of *ST Xinchao (600777) was held on July 24, marking a new phase in the control struggle of the company [1] - The meeting adopted a combination of on-site and online voting, with 1,195 shareholders and agents present, representing 4,707,457,561 shares, accounting for 81.487% of the total voting shares [1] - All proposals regarding the early re-election of the board of directors and the election of non-independent and independent directors were approved, with Zhang Junyu from Yitai Group elected as chairman [1][4] Group 2 - Yitai B shares acquired over 51% of *ST Xinchao's shares, becoming the largest shareholder after investing more than 11.5 billion yuan [1] - The company faced a suspension of trading due to the inability to disclose its regular report within the legal timeframe, with potential delisting risks if the 2024 annual report is not disclosed [2] - After resuming trading on July 8, *ST Xinchao's stock price saw a maximum increase of over 56% in nearly 14 trading days, closing at 4.66 yuan per share on July 25 [2] Group 3 - The transition of the board and management team has been contentious, with multiple rounds of disputes among existing management and minority shareholders [3] - Previous attempts to convene a shareholders' meeting for board re-election were rejected by the current board, leading to a self-convened meeting on July 24 [3][4] - The newly elected board includes several members with backgrounds from Yitai Group, indicating a significant shift in governance [4] Group 4 - Zhang Jingquan, chairman of Yitai B, emphasized the company's experience in coal and petrochemical industries and its commitment to maximizing shareholder value [5] - Yitai Group has a history of significant shareholder returns, having distributed over 36 billion yuan in dividends over 27 years [5]

证券代码：900948 证券简称：伊泰 B 股 公告编号：临 2025-042 内蒙古伊泰煤炭股份有限公司 关于延期更换选举独立董事的公告 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。 内蒙古伊泰煤炭股份有限公司（以下简称"公司"）独立董事杜莹芬女士于 2019年7月22日起任公司独立董事，至2025年7月21日连任时间届满六年。根据《上 市公司独立董事管理办法》关于"独立董事每届任期与上市公司其他董事任期相 同，任期届满，可以连选连任，但是连续任职不得超过六年"的规定，公司需要 更换选举独立董事。 目前，公司正在积极筹备更换选举独立董事的相关工作，鉴于公司独立董事 候选人提名等工作尚未完成，为确保相关工作的连续性及稳定性，本次更换选举 独立董事工作将适当延期。 独立董事杜莹芬女士期满离任将导致公司独立董事占董事会成员的比例低 于三分之一，根据《上市公司独立董事管理办法》及《公司章程》等相关规定， 杜莹芬女士离任将在公司股东大会选举产生新任独立董事后生效。在此期间，杜 莹芬女士将继续履行独立董事及董事会各专门委员会成员的相关 ...

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。 为进一步加强与投资者的互动交流，内蒙古伊泰煤炭股份有限公司（以下简 称"公司"）将参加由内蒙古证监局、内蒙古上市公司协会与深圳市全景网络有 限公司联合举办的"内蒙古辖区上市公司 2025 年投资者网上集体接待日活动"， 现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站（http： //rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与本次 互动交流，活动时间为 2025 年 7 月 11 日（周五）16:00-18:00。届时公司高管将 在线就公司 2024 年度业绩、公司治理、发展战略、经营状况、融资计划、股权 激励和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投 资者踊跃参与！ 特此公告！ 证券代码：900948 证券简称：伊泰 B 股 公告编号：临 2025-041 内蒙古伊泰煤炭股份有限公司 关于参加内蒙古辖区上市公司 2025 年投资者 网上集体接待日活动的公告 内蒙古伊泰煤炭股份有限 ...

Core Viewpoint - The control struggle over ST New潮 is intensifying as the company faces significant delisting risks due to the failure to disclose its 2024 annual report on time [1][3][10]. Group 1: Control Struggle - Minor shareholders have united to demand an extraordinary general meeting to expedite the election of the board and supervisory committee, escalating the control battle over ST New潮 [2][4]. - The shareholders' request for a temporary meeting has received support from Yitai B, which previously spent 11.584 billion yuan to acquire 51% of ST New潮's shares [2][6]. - The board of ST New潮 previously rejected the request for a temporary meeting, citing procedural flaws, but the urgency of the situation has led to renewed efforts from the shareholders [4][5]. Group 2: Delisting Risks - ST New潮 has been suspended since May 6 due to the failure to disclose its 2024 annual report, and if it does not meet the disclosure requirements within the stipulated time, it faces the risk of being delisted [3][10]. - The company has encountered difficulties in preparing the annual report, including issues with its auditing firms, which has contributed to the increasing delisting risk [10][11]. - The urgency of the control struggle is heightened by the looming delisting threat, as the company has not disclosed its annual report and is under regulatory scrutiny [3][10]. Group 3: Financial Performance - ST New潮's main business involves the exploration, development, and sale of oil and gas, with all its assets located in Texas, USA [11]. - The company's net profits from 2021 to September 2024 were 365 million yuan, 3.127 billion yuan, 2.596 billion yuan, and 1.652 billion yuan, indicating a decline in profitability over the years [11].

Core Viewpoint - The small shareholders of ST New潮 (New潮 Energy) are pushing for a temporary shareholders' meeting after the board rejected their request, highlighting governance issues and potential risks of delisting due to the lack of timely financial disclosures [1][2][3] Group 1: Shareholder Actions - Six shareholders, including Shenzhen Hongyu and Ningbo Guojin, collectively holding over 10% of ST New潮, submitted a request to convene a temporary shareholders' meeting to address governance concerns and the urgency of financial reporting [2][3] - The board of ST New潮 voted unanimously against the request, citing procedural compliance issues, as the proposal lacked specific details and was not submitted in accordance with legal requirements [3][4] Group 2: Control Dynamics - The recent acquisition of a 50.10% stake by Yitai B shares has changed the ownership structure of ST New潮, yet Yitai B has not initiated a request for board or supervisory committee changes, which raises questions about their strategy [5][6] - The small shareholders' request includes a clause that threatens legal action if the supervisory board obstructs the meeting, indicating a heightened level of conflict and urgency in governance matters [6][7] Group 3: Market Context - The situation reflects a broader trend in the capital market where minority shareholders attempt to exert influence over management, often facing resistance from boards citing procedural issues [5][6] - Historical context shows that ST New潮 has experienced multiple control disputes, and the current dynamics suggest that effective control by Yitai B will require establishing dominance in key governance structures [6][7]