证券代码：000571 证券简称：新大洲 A 公告编号：临 2026-012 新大洲控股股份有限公司 一、股东股份冻结的基本情况 新大洲控股股份有限公司（以下简称"公司"或"本公司"）今日接到第一 大股东大连和升控股集团有限公司（以下简称"大连和升"）通知，获悉其所持 有本公司的部分股份被冻结，具体事项如下： | 股东 名称 | 是否为 控股股 东或第 | 本次涉及股 份数量（股） | 占其所持 股份比例 | 占公司 总股本 | 起始日 | 到期日 | 冻结申请人 | 原因 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 一大股 | | | | | | | | | | 东及其 | | | 比例 | | | | | | | 一致行 | | | | | | | | | | 动人 | | | | | | | | | | | | | | | | | 大连和升为本 | | | | | | | | | | 公司子公司新 | | | | | | | | | | 大洲（浙江）商 | | | | | | | | | | 贸有限公司贷 | | | | | ...

Investment Rating - The report maintains a "Buy" rating for the coal industry, with specific recommendations for various companies [2][14]. Core Insights - The domestic supply contraction is the main driver for the upward shift in coal prices, supported by overseas factors and increased demand from coal chemical industries [6][8]. - The report forecasts that coal prices will stabilize and fluctuate within the range of 800-1000 RMB/ton, with limited adjustment potential due to low inventory and rising non-electric demand [8][9]. - The coal chemical sector is expected to see significant growth, with coal consumption projected to reach 304 million tons in 2023, increasing to 362 million tons by 2025, reflecting a growth rate of 11.5% [9][10]. Summary by Sections Company Performance and Recommendations - Recommended companies include: 1. High spot price elasticity stocks: Jinko Coal, Shanxi Coal International, Lu'an Environmental Energy, Huayang Co., and Yanzhou Coal [14]. 2. Industry leaders with stable performance: China Shenhua, Shaanxi Coal, and China Coal Energy [14]. 3. Beneficiaries of nuclear power growth: CGN Mining [14]. - The report highlights that the coal sector outperformed the market, with a weekly increase of 5.4% compared to the Shanghai Composite Index's decline of 0.7% [15][18]. Market Dynamics - The report notes a significant increase in coal demand due to high European gas prices and the restart of coal-fired power plants in Europe, which has led to a rise in international coal prices [6][8]. - Domestic coal supply is expected to continue contracting, with approximately 200 million tons of capacity still pending replacement and environmental approval, posing a risk of further reductions [8][9]. Coal Chemical Industry Growth - The report emphasizes the rapid growth of the coal chemical sector, with ongoing projects expected to consume approximately 243 million tons of coal, and potential future projects could double this demand [9][10]. - The increase in chemical product prices and the geopolitical focus on energy security are expected to accelerate the approval and construction of new coal chemical projects [9][10]. Price Trends and Inventory - As of March 13, coal prices at Qinhuangdao Port were reported at 731 RMB/ton, reflecting a weekly decrease of 14 RMB/ton, while prices in various production areas showed mixed trends [10][12]. - The report indicates that the average daily coal consumption in power plants has decreased, leading to an increase in available days of coal supply [12].

Group 1 - The coal sector opened high, with Zhengzhou Coal Power hitting the daily limit, and companies like Huadian Energy, Haohua Energy, Lanhua Sci-Tech, New Dazhou A, and Shaanxi Black Cat following suit [3]. - The A-share market opened with all three major indices declining: the Shanghai Composite Index down 0.28%, the Shenzhen Component Index down 0.51%, and the ChiNext Index down 0.63% [4][5]. - In the market, sectors such as CPO, semiconductor equipment, high-speed copper connections, photovoltaics, superhard materials, cybersecurity, nuclear fusion, gold, and AI computing power saw declines, while oil and gas, wind power, and coal sectors strengthened [5]. Group 2 - The Hong Kong stock market opened lower, with the Hang Seng Index down 0.52% and the Hang Seng Tech Index down 0.42%. Companies like Li Auto, CATL, and Horizon Robotics experienced significant declines, while China Shenhua and NetEase saw gains of over 2% [6][7].

证券代码：000571 证券简称：新大洲 A 公告编号：临 2026-011 新大洲控股股份有限公司 关于第一大股东的一致行动人部分股份解除质押的 公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整， 没有虚假记载、误导性陈述或重大遗漏。 一、股东股份解除质押的基本情况 新大洲控股股份有限公司（以下简称"公司"或"上市公司"）今日接到第 一大股东大连和升控股集团有限公司（以下简称"大连和升"）的一致行动人北 京和升创展食品发展有限责任公司（以下简称"北京和升"）通知，获悉其所持 有本公司的部分股份解除质押，具体事项如下： 2．股东股份累计质押基本情况 股东 名称 是否为控股 股东或第一 大股东及其 一致行动人 本次解除质 押股份数量 （股） 占其所 持股份 比例 占公 司总 股本 比例 起始日 解除日期 质权人/申 请人等 北京 和升 是 1000000 4.31% 0.12% 2025-09-26 2026-03-11 孙兴业 合计 1000000 4.31% 0.12% 1．本次解除质押基本情况 截至公告披露日，上述股东及其一致行动人所持质押股份情况如下： 股东 名称 持股数量 （股） 持股比 ...

Investment Rating - The industry investment rating is maintained at "Overweight" [1] Core Viewpoints - The current fundamentals of the port thermal coal market remain weak, with downstream industrial power demand showing weak recovery post-holiday, coupled with high temperatures leading to low residential demand. The end of the heating season is expected to keep coal prices in a fluctuating trend [1] - The average daily coal inflow to the four ports in the Bohai Rim increased by 189.25 million tons, a week-on-week increase of 14.35 million tons, or 8.20%. The average daily outflow was 171.95 million tons, up by 4.60 million tons, or 2.75% [1][27] - Port coal inventory increased to 25.508 million tons, a week-on-week increase of 1.54 million tons, or 6.43% [1][31] Summary by Sections Industry Overview - The port thermal coal spot price decreased by 8 yuan/ton week-on-week, closing at 743 yuan/ton [1] - The average daily number of anchored vessels in the Bohai Rim decreased by 21% to 92 vessels [31] Price Trends - The price of thermal coal at the Dazhou South Suburb increased by 23 yuan/ton to 667 yuan/ton, while the price at Yanzhou decreased by 70 yuan/ton to 880 yuan/ton [15] - The Bohai Rim thermal coal price index increased by 4 yuan/ton to 689 yuan/ton [18] Recommendations - The report suggests focusing on resource stocks, particularly recommending thermal coal elastic stocks such as Haohua Energy and Guanghui Energy [2][36]

Investment Rating - The report maintains an "Overweight" rating for the coal mining industry [1] Core Viewpoints - The current fundamentals of the port thermal coal market remain weak, with downstream industrial power demand showing weak recovery post-holiday, coupled with high temperatures leading to low residential demand. The end of the heating season is expected to keep coal prices in a fluctuating trend [1] - The report suggests focusing on the incremental insurance funds and the positive growth of premium income, which is increasingly concentrated among leading insurance companies. Given the ongoing scarcity of fixed-income assets and high dividend assets, there is an expectation for a shift towards equity allocations, particularly favoring resource stocks [2] - The report recommends core elastic targets in thermal coal, specifically suggesting attention to Haohua Energy and Guanghui Energy, which are considered undervalued [2][36] Summary by Sections Industry Overview - From March 2 to March 6, the port thermal coal spot price decreased by 8 CNY/ton, closing at 743 CNY/ton. The average daily inflow to the four ports in the Bohai Rim was 1.8925 million tons, an increase of 143,500 tons or 8.20% from the previous week. The supply from production areas has improved as production resumes post-holiday [1] - The average daily outflow from the four ports was 1.7195 million tons, an increase of 46,000 tons or 2.75% from the previous week. The total inventory at the four ports reached 25.508 million tons, an increase of 1.54 million tons or 6.43% from the previous week [1][31] Price Trends - As of March 6, the price of 5500 kcal thermal coal at Datong South Suburb increased by 23 CNY/ton to 667 CNY/ton, while the price at Yanzhou decreased by 70 CNY/ton to 880 CNY/ton. The port price of 5500 kcal thermal coal at Qinhuangdao decreased by 8 CNY/ton to 743 CNY/ton [15] - The thermal coal price index in the Bohai Rim region increased by 4 CNY/ton to 689 CNY/ton, while the Qinhuangdao port price index increased by 5 CNY/ton to 695 CNY/ton [18] International Market - International thermal coal prices showed mixed trends, with the Newcastle coal price index decreasing by 1.69 USD/ton to 115.71 USD/ton, while the South African Richards Bay coal price remained stable at 85.25 USD/ton [18] Shipping and Logistics - The average shipping cost on domestic major routes increased by 3 CNY/ton to 32.83 CNY/ton, reflecting a 10% increase [32] Market Sentiment - The report emphasizes the importance of monitoring the recovery pace of downstream economies, which could impact demand for electricity and steel, thereby affecting thermal and coking coal prices [36]

证券代码：000571 证券简称：新大洲 A 公告编号：临 2026-010 新大洲控股股份有限公司 关于与华夏银行股份有限公司宁波分行借款合同纠纷案的进展 公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 1.案件所处的诉讼阶段：收到宁波市鄞州区人民法院《执行裁定书》、《执行 通知书》、《报告财产令》、《限制消费令》、《传票》。 2.上市公司所处的当事人地位：被告、被执行人。 3.涉案的金额：79978175.3 元。 4.对上市公司损益产生的影响：本公司全资子公司新大洲（浙江）商贸有限 公司（以下简称"浙江商贸"）已将华夏银行股份有限公司宁波分行（以下简称 "华夏银行"）借款本金及利息、罚息、复利确认负债入账，本次裁定增加案件执 行费 147378 元。 一、诉讼情况概述 新大洲控股股份有限公司（以下简称"本公司"或"新大洲控股"）于 2025 年 11 月 12 日披露了原告华夏银行与被告浙江商贸、海南新大洲实业有限责任公 司、大连和升控股集团有限公司、上海新大洲投资有限公司、新大洲控股金融借 款合同纠纷案的情况，涉案金额 8133995 ...

Core Viewpoint - The company has completed the equity change registration for the debt-to-equity swap involving Heilongjiang Hengyang Cattle Industry Co., Ltd. as part of its bankruptcy restructuring process [1][2]. Group 1: Company Actions - The company's wholly-owned subsidiary, Qiqihar Hengyang Food Processing Co., Ltd., along with Foresun (Latin-America) Investment and Holding, S.L., signed an agreement in 2017 to acquire 100% equity of Lirtix S.A. and Rondatel S.A. from Pacific Ocean Cattle Holdings Limited [1]. - Due to the failure to meet performance commitments from 2017 to 2019, the counterparties, Pacific Ocean Cattle and Hengyang Cattle, are required to compensate with cash amounting to $12.671 million [2]. - The company filed a claim for its debts after Hengyang Cattle entered bankruptcy restructuring, with the Qiqihar Intermediate People's Court confirming 15 claims on December 10, 2021 [2]. Group 2: Progress Updates - On February 26, 2026, the company received a notice regarding the completion of the equity change registration for Hengyang Cattle's debt-to-equity swap [3]. - The actual capital of Hengyang Cattle is 225.6012 million yuan, with the company's subsidiary holding a corresponding equity investment [3]. - The court issued an execution assistance notice to the market supervision bureau on January 8, 2026, due to the need for certain shareholders to wait for auction completion to finalize their shareholding [3]. Group 3: Impact on the Company - The company is currently unable to accurately measure the impact of the debt-to-equity swap on its profits, as Hengyang Cattle has not yet resumed operations and the fair value of the involved equity is not reasonably obtainable [4].

Core Viewpoint - The announcement from New Dazhou Holdings indicates that Hengyang Beef Industry has completed a debt-to-equity conversion registration, following its bankruptcy restructuring process due to unmet performance commitments [1] Group 1: Debt-to-Equity Conversion - Hengyang Beef Industry completed the debt-to-equity conversion registration on February 5, 2026 [1] - The company had to declare its claims due to Hengyang Beef's bankruptcy restructuring [1] - The court confirmed two ordinary claims from the company's subsidiary, totaling 272 million yuan and 1.5463 million yuan [1] Group 2: Shareholding Structure - Hengyang Beef Industry has a paid-in capital of 225.6012 million yuan [1] - The subsidiaries Qiqihar Hengyang and Shanghai Hengyang contributed to the debt-to-equity conversion with claims of 12.176945 million yuan and 679,270 yuan, resulting in shareholding ratios of 5.3976% and 0.0301% respectively [1] Group 3: Impact on Profit - The impact of the debt-to-equity conversion on the company's current profits cannot be accurately measured at this time due to Hengyang Beef's failure to resume production [1]

证券代码：000571 证券简称：新大洲 A 公告编号：临 2026-009 新大洲控股股份有限公司 关于参与黑龙江恒阳牛业有限责任公司破产重整 完成债转股的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 | Investment and | Holding, | S.L./ | | | | --- | --- | --- | --- | --- | | 齐齐哈尔恒阳食品加工有限责任 | | | | | | 公司 | | | | | | 上海恒阳贸易有限公司 | | | 1,546,348.44 | 普通债权 | 2023 年 1 月齐齐哈尔市中级人民法院裁定，批准《黑龙江恒阳牛业有限责 任公司重整计划草案》、终止恒阳牛业重整程序。 有关上述内容的详细情况请见公司分别于 2017 年 8 月 14 日、2019 年 4 月 29 日、2022 年 3 月 29 日、2023 年 1 月 10 日披露的《关于收购 Lirtix S.A.和 Rondatel S.A.股权暨关联交易的公告》（公告编号：临 2017-060）、《关于并 购乌拉圭 Lirtix ...