证券代码：000552 证券简称：甘肃能化 公告编号：2025-80 债券代码：127027 债券简称：能化转债 甘肃能化股份有限公司 估值提升计划 1.触及情形 根据《上市公司监管指引第 10 号—市值管理》，股票连续 12 个月每个交易日收 盘价均低于其最近一个会计年度经审计的每股归属于公司普通股股东的净资产的上 市公司（以下简称"长期破净公司"），应当制定上市公司估值提升计划，并经董事 会审议后披露。 自 2024 年 10 月 8 日至 2025 年 10 月 7 日，公司股价连续 12 个月每个交易日收盘 价均低于最近一个会计年度经审计的每股归属于上市公司股东的净资产，即 2024 年 10 月 8 日至 2025 年 4 月 29 日每日收盘价均低于 2023 年经审计每股净资产 2.99 元； 2025 年 4 月 30 日至 2025 年 10 月 7 日每日收盘价均低于 2024 年经审计每股净资产 3.15 元，属于应当制定估值提升计划的情形。 2.审议程序 2025 年 10 月 29 日，公司召开第十一届董事会第六次会议，以 9 票同意、0 票反 对、0 票弃权审议通过《关于估值提升计 ...

独立董事认为，公司下属全资子公司靖煤公司与煤投公司拟以下属企业景泰 煤业洗煤厂为基础，分立新设洗煤子公司事项构成关联交易，本次投资设立洗煤 子公司符合国家加快推进煤炭洗选高质量发展有关要求，有利于整合内部煤炭洗 选产业资源，实现资源最优配置与洗煤业务专业化管理；有利于煤炭洗选业务向 专业化、精细化方向升级，增强区域洗煤运营能力，提升产品附加值，全面巩固 并提升公司整体竞争力。分立后景泰煤业和煤炭开发公司的注册资本将根据审计 或评估结果和有关经营性负债金额，按照企业分立有关规定确定，不存在损害公 司及其他股东、特别是中小股东的利益的行为。我们同意提交公司董事会审议。 独立董事：陈建忠、刘新德、王东亮 2025 年 10 月 31 日 与会三位独立董事举手表决，以 3 票同意、0 票反对、0 票弃权审议通过： 1.关于下属全资子公司分立新设洗煤控股子公司暨关联投资的议案。 甘肃能化股份有限公司独立董事 2025年第三次专门会议决议 根据《国务院办公厅关于上市公司独立董事制度改革的意见》《上市公司独 立董事管理办法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司 自律监管指引第 1 号—主板上市公司规范运作 ...

甘肃能化股份有限公司 未来三年（2025-2027 年度）股东回报规划 为进一步健全和完善科学、持续的分红机制，保证投资者合理回报，根据《公 司法》《证券法》和《上市公司监管指引第 3 号—上市公司现金分红》及《公司 章程》等相关文件的规定和要求，结合公司盈利能力、经营发展规划、股东回报 等因素，制订《未来三年（2025-2027 年度）股东回报规划》，具体内容如下： 三、未来三年（2025-2027 年度）股东回报规划 1.公司可以采用现金、股票、现金与股票相结合的方式分配利润，并优先采 取现金方式分配股利。在有条件的情况下，公司可以进行中期现金分红。 2.2025-2027 年度，公司若实现盈利，在弥补以前年度亏损和依法提取法定 公积金后，如无重大投资或重大现金支出计划，公司应积极推行现金方式分配股 利，当年以现金方式分配的利润（含当年回购股份金额）不少于当年实现的归属 于上市公司股东净利润的 30%。具体每个年度的现金分红比例由董事会根据公司 年度盈利状况和未来资金使用计划等情况提出预案，报股东会审议批准。 一、制定本规划考虑的因素 公司重视对投资者的合理投资回报，同时兼顾公司的长期可持续发展。在综 合 ...

| 证券代码：000552 | 证券简称：甘肃能化 | 公告编号：2025-81 | | --- | --- | --- | | 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控股子公司暨关联投资的公告 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。 根据生产经营实际需要，甘肃能化股份有限公司（以下简称"公司"）分立新设 洗煤控股子公司，具体情况公告如下： 一、基本情况 1.为进一步优化公司洗煤厂资源配置，提升资产运营效率，充分挖掘原煤价值潜 能，实现效益最大化，公司下属全资子公司甘肃靖煤能源有限公司（简称"靖煤公司"） 与甘肃省煤炭资源开发投资有限责任公司（简称"煤投公司"）以下属企业靖煤集团 景泰煤业有限公司（简称"景泰煤业"）洗煤厂为基础，分立新设洗煤子公司"景泰 白岩子煤炭开发有限公司"（以下简称"煤炭开发公司"，最终以市场监督管理局注 册核准名称为准），专责煤炭洗选加工和经营。 2.本次分立前，靖煤公司和煤投公司合计持有景泰煤业 100%股权，其中靖煤公司 持有 60%，煤投公司 ...

| 证券代码：000552 | 证券简称：甘肃能化 | 公告编号：2025-83 | | --- | --- | --- | | 债券代码：127027 | 债券简称：能化转债 | | 甘肃能化股份有限公司 关于召开 2025 年第三次临时股东会的通知 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。 公司定于 2025 年 11 月 18 日（星期二）14:50 以现场表决和网络投票结合的方式 召开 2025 年第三次临时股东会，会议有关事项如下： 一、召开会议的基本情况 1.股东会届次：2025 年第三次临时股东会 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 18 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系 统投票的具体时间为 2025 年 11 月 18 日 9:15 至 15:00 的任意时间。 5.会议的召开方式：现场表决与网络投票相结合。 6.会议的股权登记日：2025 年 11 月 13 日 7.出席对象： （1）截至 2025 年 ...

| 证券代码：000552 | 证券简称：甘肃能化 | 公告编号：2025-77 | | --- | --- | --- | | 债券代码：127027 | 债券简称：能化转债 | | 甘肃能化股份有限公司 第十一届董事会第六次会议决议公告 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。 一、会议召开情况 甘肃能化股份有限公司（以下简称"公司"）第十一届董事会第六次会议于2025 年10月29日十点半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。本次会议通知于2025年10月19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。 经与会董事审议，会议通过了以下决议： 1.关于拟续聘会计师事务所的议案； 表决结果：9票同意，0票反对，0票弃权。 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《关于拟续聘 会计师事务所的公告》。 2.关于公司《未来 ...

甘肃能化股份有限公司 2025 年第三季度报告 2025 年第三季度报告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度财务会计报告是否经过审计 证券代码：000552 证券简称：甘肃能化 公告编号：2025-82 甘肃能化股份有限公司 □是 ☑否 1 甘肃能化股份有限公司 2025 年第三季度报告 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 □是 ☑否 | | 本报告期 | 本报告期比上年同期 | 年初至报告期末 | 年初至报告期末比上 | | --- | --- | --- | --- | --- | | | | 增减 | | 年同期增减 | | 营业收入（元） | 2,401,757,971.65 | 10.36% | ...

Group 1: Quantum Technology Stocks Performance - Quantum technology stocks in the A-share market have collectively strengthened, with notable gains including Fujitsu's stock hitting the daily limit up by 30%, GuoDun Quantum rising over 18%, and KeDa GuoChuang increasing by over 11% [1] - Specific stock performances include: - Fujitsu (code: 920640) up 29.99% with a market cap of 8.226 billion - GuoDun Quantum (code: 688027) up 18.10% with a market cap of 62.1 billion - KeDa GuoChuang (code: 300520) up 11.99% with a market cap of 1.37 billion [1] Group 2: Future Market Predictions - The global quantum technology market is projected to exceed 6.1 billion USD by 2025, with China's market expected to reach 11.56 billion RMB, reflecting a compound annual growth rate of over 30% over five years [2] - Quantum computing is recognized as one of the most disruptive frontier technologies, currently in the early stages of technical breakthroughs, with potential substantial progress expected in the next 5 to 10 years [2] - China is leading in the QKD quantum security field, having established a relatively complete quantum secure communication industry chain centered around QKD technology [2]

Investment Rating - The report maintains a "Buy" rating for the coal mining industry, indicating a positive outlook for the sector [4]. Core Insights - The U.S. coal energy agenda is accelerating, with Republican lawmakers proposing a "Coal Week" to bolster coal production and keep aging coal-fired power plants operational. This aligns with federal efforts to revitalize the coal industry, including plans to open 13 million acres of federal land for coal leasing and allocate approximately $625 million for restarting or modernizing coal power units [2][3]. - Competitive coal mining rights auctions are being held in Alabama, Montana, and Utah, serving as indicators of industry demand. However, early auction activities show mixed interest, with some land receiving minimal bids [3]. - The report highlights several key companies for investment, including Yancoal Energy, Jinneng Holding, and China Shenhua Energy, among others, emphasizing their performance resilience and potential for growth [6]. Summary by Sections Coal Prices - Coal prices have seen slight adjustments, with Newcastle port coal priced at $110.65 per ton, down by $0.8 from the previous week, and European ARA port coal at $96 per ton, down by $1.77 [31]. Market Trends - The report notes a marginal increase in coal power demand, indicating a potential recovery in the coal sector as energy needs shift [34]. Key Companies - Recommended stocks include: - China Qinfa (Buy) with projected EPS of 0.20 in 2024 - Jiangxi Tungsten (Buy) with projected EPS of -0.28 in 2024 - China Shenhua (Buy) with projected EPS of 2.95 in 2024 - Jinneng Holding (Buy) with projected EPS of 1.68 in 2024 - Yancoal Energy (Buy) with projected EPS of 1.44 in 2024 [6].

Report Industry Investment Rating - The investment rating for the coal mining industry is "Bullish" [2] Report's Core View - Currently at the beginning of a new upward cycle in the coal economy, with fundamental and policy factors in resonance, it's a good time to allocate coal stocks on dips. The coal supply bottleneck is expected to last until the 15th Five - Year Plan. With the westward shift of coal layout and rising costs, coal prices are likely to remain high. The coal sector is a high - performance, high - cash, and high - dividend asset, and the team continues to be bullish on the coal sector and suggests investors focus on the allocation opportunities at the current stage [3][11][12] Summary by Directory I. This Week's Core View and Key Focus - **Core View**: In the current coal economic cycle, supply is tightening due to policies like "over - production inspection", and demand is expected to pick up with the "peak winter" approaching. Coal prices are expected to rise in a volatile manner. The underlying investment logic of coal capacity shortage remains unchanged, and coal stocks are of high cost - effectiveness. Suggest investors allocate on dips [3][11] - **Investment Suggestions**: Focus on stable companies like China Shenhua, Shaanxi Coal Industry; oversold and high - elasticity companies like Yankuang Energy; and high - quality coking coal companies like Lu'an Environmental Energy. Also, pay attention to Huayang Co., Ltd., Yankuang Australia, etc. [3][12] - **Key Focus**: In the first three quarters, the national raw coal output was 3.57 billion tons, a 2.0% year - on - year increase. In September, the electricity consumption increased by 4.5% year - on - year. Australia's coal exports in the first three quarters of 2025 are expected to decline by 5.3% year - on - year [13] II. This Week's Performance of Coal Sector and Individual Stocks - The coal sector rose 1.46% this week, underperforming the broader market. The CSI 300 rose 3.24% to 4660.68. The top three performing sectors were communication, electronics, and machinery [14] - The thermal coal, coking coal, and coke sectors rose 1.68%, 0.89%, and 1.08% respectively [16] - The top three gainers in the coal mining and washing sector were Shanghai Energy (5.65%), Xinji Energy (4.72%), and Pingdingshan Tianan Coal Mining Co., Ltd. (3.83%) [19] III. Coal Price Tracking - **Coal Price Index**: As of October 24, the comprehensive transaction price of CCTD Qinhuangdao thermal coal (Q5500) was 691.0 yuan/ton, up 6.0 yuan/ton week - on - week. The comprehensive average price index of Bohai Rim thermal coal (Q5500K) was 684.0 yuan/ton, up 4.0 yuan/ton week - on - week. The annual long - term contract price of CCTD Qinhuangdao thermal coal (Q5500) was 676.0 yuan/ton, up 2.0 yuan/ton month - on - month [24] - **Thermal Coal Price**: At Qinhuangdao Port, the market price of Shanxi - produced thermal coal (Q5500) was 768 yuan/ton on October 25, up 28 yuan/ton week - on - week. In production areas, prices in Shaanxi, Inner Mongolia, and Datong also increased. Internationally, some prices rose while others fell [30] - **Coking Coal Price**: At ports like Jingtang Port and Lianyungang, and in production areas like Linfen and Yanzhou, coking coal prices increased. The CIF price of Australian Peak Downs hard coking coal in China also rose [32] - **Anthracite and Pulverized Coal Price**: The car - loading price of Jiaozuo anthracite and the car - loading prices of pulverized coal in Changzhi and Yangquan increased [40] IV. Coal Supply and Demand Tracking - **Coal Mine Capacity Utilization**: As of October 24, the capacity utilization rate of sample thermal coal mines was 91%, down 0.7 percentage points week - on - week, and that of sample coking coal mines was 85.06%, down 2.3 percentage points week - on - week [45] - **Import Coal Price Difference**: As of October 24, the price difference of 5000 - kcal and 4000 - kcal thermal coal between domestic and international markets decreased [43] - **Coal - fired Power Consumption and Inventory**: Inland 17 provinces saw an increase in daily coal consumption and inventory, while coastal 8 provinces saw a decrease in daily consumption and an increase in inventory [46] - **Downstream Metallurgical Demand**: The Myspic composite steel price index rose, the price of Tangshan - produced primary metallurgical coke remained flat, the blast furnace operating rate increased, the average profit per ton of coke for independent coking enterprises decreased, the profit per ton of steel for blast furnaces increased, the iron - scrap price difference increased, and the scrap consumption ratio of pure blast furnace enterprises increased [64][65] - **Downstream Chemical and Building Materials Demand**: The prices of urea in some regions changed, the national methanol price index fell, the national ethylene glycol price index rose, the national acetic acid price index fell, the national synthetic ammonia price index rose, the national cement price index fell, the weekly coal consumption in the chemical industry decreased, the cement clinker capacity utilization rate increased, and the float glass operating rate remained flat [68][72][74] V. Coal Inventory Situation - **Thermal Coal Inventory**: Qinhuangdao Port's coal inventory increased, the inventory of 55 ports' thermal coal decreased, and the inventory of sample mines' thermal coal decreased [88] - **Coking Coal Inventory**: The production area's coking coal inventory decreased, the port's coking coal inventory increased, the coking enterprises' coking coal inventory increased, and the steel mills' coking coal inventory decreased [89] - **Coke Inventory**: The coking enterprises' coke inventory decreased, the port's coke inventory increased, and the steel mills' coke inventory decreased [91] VI. Coal Transportation Situation - **International and Domestic Coal Transportation**: As of October 24, the Baltic Dry Index (BDI) was 1991.0 points, down 78.0 points week - on - week. The average daily coal shipment volume of the Datong - Qinhuangdao Railway this week was 100.2 tons, up 0.18 tons week - on - week [104] - **Cargo - to - Ship Ratio of Four Major Ports in the Bohai Rim**: As of October 24, the inventory of four major ports in the Bohai Rim was 1430.9 tons, down 22.10 tons week - on - week, the number of anchored ships was 100, up 8 week - on - week, and the cargo - to - ship ratio was 14.3, down 1.48 week - on - week [102] VII. Weather Situation - As of October 24, the Three Gorges outflow was 11900 cubic meters per second, up 19.36% week - on - week. In the next 10 days, there will be significant precipitation in many regions, and some areas will experience more precipitation than usual. In the long - term, there will also be precipitation in some regions, and the temperature in some areas will be higher or lower than normal [109] VIII. Valuation Table and Key Announcements of Listed Companies - **Valuation Table**: The table shows the closing prices, net profits attributable to the parent company, EPS, and PE ratios of multiple listed coal companies from 2024 to 2027 [110] - **Key Announcements**: This week, companies such as Huaihe Energy, Shanxi Coking Coal, and China Shenhua made announcements regarding asset acquisitions, share pledge releases, profit distributions, and project commissioning [111][113][114]