记者了解到，此次叫停的"氢燃料电池动力系统及氢燃料商用车零部件生产项目（一期一阶段）"，原计 划总投资15.02亿元，源于公司2022年启动的可转债融资计划。彼时，美锦能源成功发行35.9亿元可转 债，在扣除相关发行费用后，实际募集资金净额定格在35.5664亿元。 该项目由美锦能源全资子公司——山西美锦氢能科技有限公司在山西省晋中市实施建设，旨在打造氢燃 料电池动力系统及商用车零部件生产基地，以推动美锦能源向氢能领域转型及实现多元化发展战略。 在最初的资金规划中，该项目拟占用6亿元募集资金。不过这一投入计划在当年10月出现调整，美锦能 源表示，经股东大会及债券持有人会议审议通过，项目募集资金额度缩减至2.5亿元，腾挪出的资金则 转向"美锦氢能总部基地一期"与"滦州美锦新能源焦炉煤气制氢项目"两大板块。 即便资金规模已大幅下调，项目推进仍未达预期。截至2025年9月30日，该项目累计投入的募集资金仅 为7343.33万元，对应29.37%的投资进度，与预设目标相去甚远。 本报（chinatimes.net.cn）记者何一华 李未来 北京报道 11月17日，美锦能源（000723.SZ）针对终止部分氢能项目的决 ...

Core Insights - The coke sector experienced a decline of 2.54% on November 20, with Antai Group leading the drop [1] - The Shanghai Composite Index closed at 3931.05, down 0.4%, while the Shenzhen Component Index closed at 12980.82, down 0.76% [1] Sector Performance - The following table summarizes the closing prices and percentage changes of key stocks in the coke sector: - Baotailong (601011): Closed at 3.87, up 0.52% - Shanxi Coking (600740): Closed at 4.17, down 1.18% - Yunwei Co. (600725): Closed at 3.75, down 1.32% - Shaanxi Black Cat (601015): Closed at 4.19, down 2.10% - Meijin Energy (000723): Closed at 5.37, down 2.54% - Yunmei Energy (600792): Closed at 4.55, down 3.81% - Antai Group (600408): Closed at 5.07, down 9.63% [1] Capital Flow - The coke sector saw a net outflow of 152 million yuan from main funds, while retail investors contributed a net inflow of 166 million yuan [1] - The following table details the capital flow for individual stocks: - Antai Group (600408): Main funds net outflow of 3.38 million yuan, retail net inflow of 2.73 million yuan - Yunwei Co. (600725): Main funds net outflow of 2.05 million yuan, retail net outflow of 0.73 million yuan - Baotailong (601011): Main funds net outflow of 13.72 million yuan, retail net outflow of 20.12 million yuan - Shanxi Coking (600740): Main funds net outflow of 17.10 million yuan, retail net inflow of 13.75 million yuan - Shaanxi Black Cat (601015): Main funds net outflow of 18.61 million yuan, retail net inflow of 22.14 million yuan - Yunmei Energy (600792): Main funds net outflow of 20.40 million yuan, retail net inflow of 27.00 million yuan - Meijin Energy (000723): Main funds net outflow of 83.22 million yuan, retail net inflow of 56.04 million yuan [2]

Market Overview - The Shanghai Composite Index fell by 0.40% on November 20, with 7 industries experiencing gains, led by construction materials and comprehensive sectors, which rose by 1.40% and 0.87% respectively [1] - The coal industry saw a decline of 2.10%, ranking second in terms of the largest drop [1] Capital Flow - The main capital outflow from both markets totaled 47.655 billion yuan, with only 4 industries seeing net inflows [1] - The banking sector led the net inflow with 2.188 billion yuan, followed by the communication sector with a net inflow of 1 billion yuan [1] Coal Industry Analysis - The coal industry experienced a net outflow of 675 million yuan, with 37 stocks in the sector; only 2 stocks rose while 35 fell, including 1 stock hitting the daily limit down [2] - The top three stocks with the highest net outflow in the coal sector were Shaanxi Coal and Chemical Industry (987.269 million yuan), Yongtai Energy (881.709 million yuan), and Meijin Energy (826.157 million yuan) [2][3] - The stock with the highest net inflow was Huaibei Mining, with an inflow of 30.667 million yuan [2]

今年以来美锦能源已经2次登上龙虎榜，最近一次登上龙虎榜为7月10日，当日龙虎榜净买入5031.92万 元；买入总计1.99亿元 ，占总成交额比11.44%；卖出总计1.48亿元 ，占总成交额比8.55%。 资料显示，山西美锦能源股份有限公司位于山西省太原市迎泽区劲松北路31号哈伯中心12层，成立日期 1997年1月8日，上市日期1997年5月15日，公司主营业务涉及煤炭、焦化、天然气、氢燃料电池汽车为 主的新能源汽车等商品的生产销售。主营业务收入构成为：煤焦化产品及副产品97.45%，新能源车辆 及运营2.55%。 美锦能源所属申万行业为：煤炭-焦炭Ⅱ-焦炭Ⅲ。所属概念板块包括：天然气、煤化工、低价、清洁能 源、污水处理等。 11月20日，美锦能源盘中下跌2.18%，截至10:38，报5.39元/股，成交2.99亿元，换手率1.25%，总市值 237.35亿元。 资金流向方面，主力资金净流出2994.83万元，特大单买入790.81万元，占比2.65%，卖出767.47万元， 占比2.57%；大单买入4631.64万元，占比15.51%，卖出7649.82万元，占比25.62%。 美锦能源今年以来股价涨19. ...

Market Overview - The Shanghai Composite Index fell by 0.81% on November 18, with only four sectors experiencing gains, led by Media and Computer industries, which rose by 1.60% and 0.93% respectively [1] - The coal industry had the largest decline, dropping by 3.17%, followed by the Electric Equipment sector, which fell by 2.97% [1] Capital Flow Analysis - The total net outflow of capital from the two markets was 88.764 billion yuan, with only four sectors seeing net inflows [1] - The Computer industry had the highest net inflow of capital at 2.730 billion yuan, while the Media sector followed with a net inflow of 2.434 billion yuan [1] - The Electric Equipment sector experienced the largest net outflow, totaling 24.670 billion yuan, followed by the Non-ferrous Metals sector with a net outflow of 11.707 billion yuan [1] Coal Industry Specifics - The coal industry saw a total net outflow of 2.288 billion yuan, with all 37 stocks in the sector declining, including two hitting the daily limit down [2] - The top three stocks with the highest net outflows were Yongtai Energy, Meijin Energy, and Dayou Energy, with outflows of 364.22 million yuan, 328.56 million yuan, and 317.19 million yuan respectively [2] - Among the coal stocks, Gansu Energy had the highest net inflow of 15.707 million yuan, followed by Huaibei Mining and Electric Power Energy with inflows of 14.292 million yuan and 13.998 million yuan respectively [2][3]

11月18日，美锦能源跌5.13%，截至发稿，报5.55元/股，成交13.62亿元，换手率5.47%，总市值244.39 亿元。 资料显示，山西美锦能源股份有限公司位于山西省太原市迎泽区劲松北路31号哈伯中心12层，成立日期 1997年1月8日，上市日期1997年5月15日，公司主营业务涉及煤炭、焦化、天然气、氢燃料电池汽车为 主的新能源汽车等商品的生产销售。主营业务收入构成为：煤焦化产品及副产品97.45%，新能源车辆 及运营2.55%。 南方中证500ETF（510500）基金经理为罗文杰。 截至发稿，罗文杰累计任职时间12年214天，现任基金资产总规模1704.45亿元，任职期间最佳基金回报 148.3%， 任职期间最差基金回报-47.6%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从美锦能源十大流通股东角度 数据显示，南方基金旗下1只基金位居美锦能源十大流通股东。南方中证500ETF（510500）三季度减持 93.01万股，持有股数4 ...

Group 1 - The coal sector in the A-share market experienced a significant decline, with multiple stocks hitting their daily limit down [1] - Yunnan Coal Energy fell by 9.98%, while Baotailong dropped by 8.46%, indicating a broader trend of negative performance among coal stocks [2] - Other notable declines included Shaanxi Black Cat down 7.20%, Zhengzhou Coal Electricity down 7.04%, and Shanxi Coking Coal down 5.23% [1][2] Group 2 - The total market capitalization of Yunnan Coal Energy is 5.705 billion, and it has seen a year-to-date increase of 37.43% [2] - Baotailong's market cap stands at 8.084 billion, with a year-to-date increase of 40.20% [2] - Shaanxi Black Cat has a market cap of 9.477 billion and a year-to-date increase of 38.92% [2]

Core Viewpoint - The company, Shanxi Meijin Energy Co., Ltd., reaffirms its commitment to the hydrogen energy industry despite recent project terminations, emphasizing its strategic focus on innovation and green development [1][6]. Group 1: Company Strategy - The company has been actively involved in the hydrogen energy sector since 2017, positioning itself as a regional leader and fulfilling its responsibility in industry development [1][6]. - The company will continue to adhere to three main principles: maintaining strategic determination, promoting investment innovation, and upholding its green mission [6][7]. - The company plans to expand its hydrogen energy applications, focusing on hydrogen storage, distributed power generation, and hydrogen-powered systems for drones and ships [1][6]. Group 2: Project Termination - The termination of the hydrogen fuel cell power system and commercial vehicle components production project was influenced by significant changes in the external environment, including the failure of Jinzhong City to become a national demonstration city for fuel cell vehicles [4][5]. - The project was initially planned to receive 600 million yuan from the funds raised through a convertible bond issuance, but this amount was later reduced to 250 million yuan due to multiple decision adjustments [4][5]. - The company has decided to permanently allocate the remaining raised funds to enhance liquidity and optimize resource allocation, ensuring that core business operations remain unaffected [5][6]. Group 3: Market Position and Future Outlook - The company aims to leverage its existing resources, such as completed assembly workshops and hydrogen stations, through a platform-based, integrated light asset operation model to attract partners for collaborative development [6][7]. - This strategic adjustment is seen as a way to mitigate risks associated with unclear technology routes in the commercial vehicle sector while seizing opportunities in energy storage and specialized equipment [6][7]. - Analysts suggest that the company's adaptability in a complex market environment, combined with its commitment to hydrogen energy, positions it well for future growth and value creation for investors [7].

证券日报网讯 美锦能源（000723）11月17日在互动平台回答投资者提问时表示，公司将根据市场需 求、政策导向及项目落地节奏稳步推进整车销售及应用推广工作，具体销售数据请关注公司后续披露的 2025年年度报告。 ...

证券日报网讯 美锦能源（000723）11月17日在互动平台回答投资者提问时表示，公司将根据年度经营 业绩、财务状况、未来发展规划及股东回报安排等综合因素，制定利润分配方案并履行相应决策和披露 程序，请关注公司后续公告。 ...