关于下属天宝红沙梁露天矿完成竣工验收备案的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导性陈 述或重大遗漏负连带责任。 经中国证券监督管理委员会《关于核准甘肃靖远煤电股份有限公司向甘肃能源化 工投资集团有限公司等发行股份购买资产并募集配套资金的批复》（证监许可〔2022〕 3239号）核准，公司向特定对象定价发行人民币普通股740,740,740股，募集资金净 额为1,967,080,219.77元，用于红沙梁露天矿项目与红沙梁矿井项目建设，并补充上 市公司流动资金。 | 证券代码：000552 | 证券简称：甘肃能化 | 公告编号：2025-63 | | --- | --- | --- | | 债券代码：127027 | 债券简称：能化转债 | | 甘肃能化股份有限公司 近日，公司收到甘肃省能源局《煤矿建设项目竣工验收备案回执》，天宝红沙梁 露天矿已完成单项工程质量认证和消防设施、水土保持设施、职业病防护设施、环境 保护设施、安全设施等方面专项验收，并通过项目综合竣工验收。 特此公告。 甘肃能化股份有限公司董事会 2025 年 7 月 16 日 红沙梁露天矿由公司下属天宝 ...

| 证券代码：000552 | 证券简称：甘肃能化 | 公告编号：2025-62 | | --- | --- | --- | | 债券代码：127027 | 债券简称：能化转债 | | 甘肃能化股份有限公司 关于下属全资子公司分立新设洗煤子公司的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导性陈 述或重大遗漏负连带责任。 2025 年 7 月 14 日，甘肃能化股份有限公司（以下简称"公司"）召开第十一届董 事会第三次会议，审议通过《关于下属全资子公司分立新设洗煤子公司的议案》，现 将相关事项公告如下： 一、基本情况 1.为进一步理顺和优化下属企业洗煤资产业务，充分利用和激活现有资源，实现 资源最优配置和洗煤业务专业化管理，提升武威地区洗煤市场运营能力，公司下属全 资子公司窑街煤电集团有限公司（简称"窑煤公司"）拟以下属企业窑煤集团天祝煤 业有限责任公司（简称"天祝煤业"）洗煤厂为基础，分立新设洗煤子公司窑街煤电 集团天禾煤炭开发有限公司（以下简称"天禾公司"，最终以市场监督管理局注册核 准名称为准），专责窑煤公司武威地区煤炭洗选加工和经营。 2.本次新设子公司由窑煤公司作 ...

| 证券代码：000552 | 证券简称：甘肃能化 | 公告编号：2025-61 | | --- | --- | --- | | 债券代码：127027 | 债券简称：能化转债 | | 本公司及董事会全体成员保证公告内容的真实、准确和完整，对公告的虚假记载、误导性陈 述或重大遗漏负连带责任。 一、会议召开情况 甘肃能化股份有限公司（以下简称"公司"）第十一届董事会第三次会议于2025 年7月14日十一点在兰州市七里河区瓜州路1230号甘肃能化19楼会议室以现场和通讯 相结合的方式召开。本次会议通知已于2025年7月9日以OA、微信、电话、电子邮件等 方式送达全体董事。本次现场会议由董事长谢晓锋主持，会议应参加董事9人，实际 参加表决董事9人。本次会议的召开符合《公司法》《公司章程》等法律法规、部门规 章和规范性文件的规定。 详见公司同日刊登于《证券时报》《上海证券报》以及巨潮资讯网《关于下属全 资子公司分立新设洗煤子公司的公告》。 二、备查文件 甘肃能化股份有限公司 第十一届董事会第三次会议决议公告 经与会董事审议，会议通过了以下决议： 1.关于下属全资子公司分立新设洗煤子公司的议案。 表决结果：9票同意，0 ...

[Gansu Energy Chemical 2025 Semi-Annual Performance Forecast](index=1&type=section&id=Gansu%E8%83%BD%E5%8C%96%E8%82%A1%E4%BB%BD%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B82025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%9A%E7%BB%A9%E9%A2%84%E5%91%8A%E5%85%AC%E5%91%8A) [Current Period Performance Forecast](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%84%84%E8%AE%A1%E6%83%85%E5%86%B5) The company forecasts a shift from profit to loss in the first half of 2025, with net profit attributable to shareholders expected to be a loss of approximately **180 million yuan**, a significant decline from the prior year's profit 2025 H1 Performance Forecast vs. Prior Year | Project | Current Period (Estimated) | Prior Year | Change Rate (%) | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders (million yuan) | Loss: Approx. 180 | Profit: 897.2438 | -120.06 | | Net Profit Excluding Non-Recurring Items (million yuan) | Loss: Approx. 210 | Profit: 847.7186 | -124.77 | | Basic Earnings Per Share (yuan/share) | Loss: Approx. 0.03 | Profit: 0.17 | - | [Communication with Accounting Firm](index=1&type=section&id=%E4%BA%8C%E3%80%81%E4%B8%8E%E4%BC%9A%E8%AE%A1%E5%B8%88%E4%BA%8B%E5%8A%A1%E6%89%80%E6%B2%9F%E9%80%9A%E6%83%85%E5%86%B5) The company has pre-communicated its performance forecast with the annual audit accounting firm, confirming no disagreements, though the financial data remains preliminary and unaudited - The financial data in this performance forecast is a preliminary estimate by the company's finance department, unaudited by the accounting firm, but pre-communication with the auditors indicates no discrepancies[3](index=3&type=chunk) [Explanation of Performance Change Reasons and Countermeasures](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The shift from profit to loss is primarily due to the severe impact on the coal business from weak downstream demand and falling prices, leading to declines in both sales volume and price, with the limited profitability of the power sector unable to offset the significant coal business downturn - The primary reason for the performance decline is the simultaneous drop in both volume and price of the company's coal products, particularly coking coal, due to factors such as high downstream customer inventories, weak thermal coal demand, and multiple rounds of coke price reductions, leading to a year-on-year shift from profit to loss[4](index=4&type=chunk) - The company's strategy involves optimizing sales structure, precise marketing, cost reduction and efficiency improvement, and accelerating the construction of power and chemical projects to increase profitability and hedge against market downturn risks[5](index=5&type=chunk) [Risk Warning](index=2&type=section&id=%E5%9B%9B%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company advises investors that the performance forecast data is preliminary and subject to uncertainty, with final accurate financial figures to be disclosed in the 2025 semi-annual report, urging cautious investment decisions - This performance forecast data is preliminary, and the final financial figures will be based on the company's officially disclosed 2025 semi-annual report, so investors are advised to be aware of investment risks[6](index=6&type=chunk)

本次债券发行时间自 2025 年 7 月 11 日至 2025 年 7 月 14 日，具体发行情况如下： 1、网下发行 本次债券网下预设的发行数量占本次债券发行规模的比例为 100%，即 5 亿元；最 终本期债券品种一网下实际发行数量为 5 亿元，占本次债券发行规模的 100%，票面利 率为 2.00%，全场认购倍数为 1.74 倍；本期债券品种二未发行。 2、发行人的董事、监事、高级管理人员、持股比例超过 5%的股东及其他关联方未 参与本期债券认购。 证券代码：524356.SZ 证券简称：25 甘能 01 甘肃能化股份有限公司 2025 年面向专业投资者公开发行公司债券 （第一期）发行结果公告 甘肃能化股份有限公司（以下简称"发行人"）公开发行不超过人民币 20 亿元公司 债券已获得注册批复等文件。根据《甘肃能化股份有限公司 2025 年面向专业投资者公 开发行公司债券（第一期）发行公告》，甘肃能化股份有限公司 2025 年面向专业投资 者公开发行公司债券（第一期）（以下简称"本次债券"）发行规模为不超过 5 亿元（含 5 亿元），发行价格为每张 100 元，采取网下面向专业机构投资者询价配售的方式。 账 ...

Investment Rating - The investment rating for the coal mining industry is "Positive" [2] Core Viewpoints - The current phase is the early stage of a new upward cycle in the coal economy, with a resonance between fundamentals and policies, making it an opportune time to accumulate coal sector investments [11][12] - The underlying investment logic of coal capacity shortages remains unchanged, with short-term supply-demand balance and long-term gaps still present [11][12] - Coal prices have established a bottom and are trending towards a new platform, with high profitability, cash flow, return on equity (ROE) of 10-20%, and dividend yields over 5% for quality coal companies [11][12] - The coal sector is relatively undervalued, with overall valuation expected to improve, supported by high premiums in the primary mining rights market and a price-to-book (PB) ratio around 1 for most companies [11][12] - The coal sector is expected to maintain a tight supply-demand balance over the next 3-5 years, with quality coal companies exhibiting high barriers to entry, cash flow, dividends, and yield characteristics [11][12] Summary by Sections Coal Price Tracking - As of July 12, the market price for Qinhuangdao port thermal coal (Q5500) is 624 CNY/ton, an increase of 8 CNY/ton week-on-week [28] - The price for coking coal at Jing Tang port is 1310 CNY/ton, up 60 CNY/ton week-on-week [30] Coal Supply and Demand Tracking - The capacity utilization rate for sample thermal coal mines is 93.7%, down 0.3 percentage points week-on-week, while the utilization rate for coking coal mines is 85.52%, up 1.7 percentage points [11][46] - Daily coal consumption in coastal provinces increased by 6.10 thousand tons/day (+2.92%) week-on-week, while inland provinces saw a decrease of 9.50 thousand tons/day (-2.61%) [11][47] Coal Inventory Situation - As of July 10, coal inventory in coastal provinces decreased by 785 thousand tons (-2.18%) week-on-week, while inland provinces saw a slight decrease of 0.70 thousand tons (-0.01%) [11][47] Key Companies to Watch - Focus on stable and robust performers such as China Shenhua, Shaanxi Coal and Chemical Industry, and China Coal Energy [12] - Attention to companies with significant upside potential like Yanzhou Coal Mining, China Power Investment, and Guanghui Energy [12]

（第一期）票面利率公告 甘肃能化股份有限公司公司（以下简称"发行人"）发行不超过人民币 20 亿元公 司债券已获得注册批复等文件。 2025 年 7 月 10 日，发行人和主承销商在网下向专业机构投资者进行了票面利率询 价，品种一利率询价区间为 1.80%-2.70%，品种二利率询价区间为 2.00%-2.90%。根据 网下向专业机构投资者询价结果，经发行人和主承销商协商一致，最终确定本期债券品 种一票面利率为 2.00%；品种二未发行。 甘肃能化股份有限公司 2025 年面向专业投资者公开发行公司债券（第一期）发行 人将按上述票面利率于 2025 年 7 月 11 日至 2025 年 7 月 14 日面向专业机构投资者网 下发行。具体认购方法请参考 2025 年 7 月 9 日刊登在深圳证券交易所网站 （http://www.szse.cn）、巨潮资讯网（http://www.cninfo.com.cn）上的《甘肃能化 股份有限公司 2025 年面向专业投资者公开发行公司债券（第一期）发行公告》。 特此公告。 （本页以下无正文） 债券代码：524356.SZ 债券简称：25 甘能 01 债券代码：52435 ...

发行人及其董事、监事及高级管理人员保证公告内容不存在虚假记载、误导 性陈述或者重大遗漏，并对其内容的真实、准确和完整承担个别及连带责任。 债券代码：524356.SZ 债券简称：25 甘能 01 债券代码：524357.SZ 债券简称：25 甘能 02 关于延长甘肃能化股份有限公司 2025 年面向专业投资者公开发 行公司债券（第一期）簿记建档时间的公告 （本页无正文，为《关于延长甘肃能化股份有限公司 2025 年面向专 业投资者公开发行公司债券（第一期）簿记建档时间的公告》之盖章 页） 牵头主承销商、簿记管理人：国泰海通证券股份有限公司 2025 年 月 日 甘肃能化股份有限公司（以下简称"发行人"）面向专业投资人公开发行不 超过人民币20亿元公司债券已获得中国证券监督管理委员会（证监许可〔2025〕 1330号）同意注册。 根据《甘肃能化股份有限公司2025年面向专业投资者公开发行公司债券（第 一期）发行公告》，发行人和主承销商于2025年7月10日15:00至18:00以簿记建档 的方式向网下投资者进行利率询价，并根据簿记建档结果在预设的利率区间内确 定本期债券的最终票面利率。 因簿记建档当日债券市场变 ...

Core Viewpoint - Gansu Energy Chemical Co., Ltd. has received a stable AAA credit rating, reflecting its strong coal resource reserves, enhanced production capacity, and integrated coal-electricity-chemical operations, which are expected to mitigate profit volatility and support future revenue growth [2][5][6]. Company Overview - The company, controlled by the Gansu Provincial State-owned Assets Supervision and Administration Commission, has undergone significant asset restructuring, acquiring the entire equity of the Yao Coal Group, which has substantially increased its coal production capacity [7][8]. - As of September 2024, the company has a total coal production capacity of 16.24 million tons per year, with a coal reserve of 117.39 million tons and an exploitable reserve of 70.77 million tons [14][15]. Financial Performance - In 2023, the company achieved an operating income of 112.59 billion yuan, which has doubled compared to 2021, although it experienced a decline in 2024 with an operating income of 78.01 billion yuan, down 9.35% year-on-year [13][14]. - The net profit for the first three quarters of 2024 was 10.32 billion yuan, a decrease of 33.85% compared to the previous year, primarily due to a drop in coal sales prices [13][14]. Industry Environment - The coal industry is expected to maintain a balanced supply and demand situation, with coal prices remaining relatively high. The company benefits from a robust coal production and sales system, which positions it well within the industry [9][10]. - The power generation sector is transitioning towards renewable energy, but coal remains a critical component of China's energy security, with ongoing investments in coal-fired power projects [10][11]. Growth Potential - The company is expanding its electricity generation capacity, with projects expected to add over 200,000 kilowatts of installed capacity by 2025, enhancing its coal-electricity integration [4][5]. - The clean and efficient gasification project is anticipated to generate significant revenue, with projected annual sales of 3.216 billion yuan and after-tax profits of 728 million yuan once fully operational [4][5]. Risks and Challenges - The company faces safety production risks due to complex geological conditions in its mining areas, which could impact operational stability [5][6]. - The ongoing large-scale project investments, exceeding 14 billion yuan, present financial pressures and uncertainties regarding their timely completion and profitability [6][7].

Core Points - Gansu Energy Chemical Co., Ltd. is set to publicly issue corporate bonds not exceeding RMB 2 billion aimed at professional investors [1] - The bond issuance has received approval from the China Securities Regulatory Commission [1] - The bond's name has been changed to reflect its phased issuance, now titled "Gansu Energy Chemical Co., Ltd. 2025 Public Issuance of Corporate Bonds for Professional Investors (Phase One)" [1] Summary by Sections - **Bond Issuance Details** - The company plans to issue corporate bonds totaling up to RMB 2 billion [1] - The issuance is specifically targeted at professional investors [1] - **Regulatory Approval** - The bond issuance has been approved by the China Securities Regulatory Commission [1] - **Name Change Announcement** - Due to the phased nature of the issuance, the bond's name has been updated to reflect this change [1] - The name change does not affect the legal validity of previously signed documents related to the bond [1]