中证鹏元资信评估股份有限公司 中证鹏元公告【2025】595 号 根据市场情况调整了施工进度，导致投资进度缓慢，同时由于氢燃料 电池技术路线尚未完全统一，公司将利用已建成的厂房及制加氢基础 设施，吸引合作伙伴入驻，共同研发、生产或成立合资公司进行氢能 交通和储能方面的产业化合作；募投项目二延期的原因系项目建设用 地范围内涉及唐山燃气公司天然气管线，影响项目安全手续审批及开 工建设，导致项目延期，2025 年 3 月滦州市人民政府完成原占压管 线迁移，项目开工手续受管线迁移完成时间影响，项目开工时间滞后。 中证鹏元关注到，募投项目一投资进度缓慢，且行业政策、市场 环境等因素不及预期，募投项目二开工时间滞后，后续具体建设过程 中，仍可能存在各种不可预见因素；上述事项虽未对公司主营业务焦 化业务的生产经营造成重大影响，但考虑到公司近年在氢能领域持续 投入，且氢能源行业属于我国新兴行业，行业发展受国家政策导向影 响较大，如若未来市场发展仍不及预期，需关注氢能板块整体投资风 险，以及氢能板块相关募投项目亦可能存在收益不达预期风险。同时， 公司仍面临较大的业绩压力，根据公司 2025 年三季度报告，2025 年 前三季度 ...

Group 1 - The coke sector experienced a slight decline of 0.1% on December 22, with Yunwei Co. leading the drop [1] - The Shanghai Composite Index closed at 3917.36, up by 0.69%, while the Shenzhen Component Index closed at 13332.73, up by 1.47% [1] - Major stocks in the coke sector showed varied performance, with Shaanxi Black Cat closing at 3.72, up by 0.54%, and Yunwei Co. closing at 4.17, down by 2.34% [1] Group 2 - The net outflow of main funds in the coke sector was 68.56 million yuan, while retail investors saw a net inflow of 71.13 million yuan [1] - Detailed fund flow data indicates that Baotailong had a net outflow of 3.36 million yuan from main funds, while retail investors contributed a net inflow of 1.29 million yuan [2] - Yunwei Co. experienced a significant net outflow of 23.30 million yuan from main funds, but retail investors had a net inflow of 45.99 million yuan [2]

Group 1 - The coke sector experienced a 0.73% increase on December 19, with Yunmei Energy leading the gains [1] - The Shanghai Composite Index closed at 3890.45, up 0.36%, while the Shenzhen Component Index closed at 13140.22, up 0.66% [1] - The trading volume and turnover for key coke stocks were reported, with Yunmei Energy closing at 4.05, up 2.02%, and a turnover of 99.79 million yuan [1] Group 2 - The net capital flow in the coke sector showed a net outflow of 83.39 million yuan from main funds, while retail investors had a net inflow of 91.59 million yuan [1] - Detailed capital flow data indicated that Baotailong had a minor net inflow from retail investors of 564.97 thousand yuan, despite a net outflow from main and speculative funds [2] - An Tai Group experienced the largest net outflow from main funds at 34.83 million yuan, while retail investors contributed a net inflow of 28.52 million yuan [2]

Core Viewpoint - Meijin Energy has established a comprehensive hydrogen energy industry chain, covering the entire process from production to application, and is focusing on a "carbon-hydrogen synergy" development model [1] Group 1: Industry Chain Development - The company has completed a complete hydrogen energy industry chain layout, which includes hydrogen production, storage, transportation, refueling, and usage [1] - Key equipment in the industry chain includes gas diffusion layers, membrane electrodes, fuel cell stacks and systems, and vehicle manufacturing [1] - The company has formed a strong collaborative support capability within its industry chain [1] Group 2: Carbon-Hydrogen Synergy - Meijin Energy is advancing a "carbon-hydrogen synergy" development model by coupling hydrogen energy with existing coal and coke industries [1] - The focus is on exploring pathways for cleaner and lower-carbon transformation [1] Group 3: Commercial Viability and Application - The company emphasizes commercial viability and matching application scenarios in its development process [1] - It promotes the coordinated development of hydrogen production, refueling, and downstream applications based on different regional conditions [1] - The goal is to gradually achieve cost reduction, efficiency improvement, and sustainable operations [1]

Core Viewpoint - The company is focusing on the integrated "coal-coke-gas-chemical-hydrogen" industry chain to enhance operational quality and synergy in traditional coal and coke businesses while steadily advancing hydrogen energy initiatives [2] Group 1: Business Strategy - The company aims to strengthen cost control, production organization, and resource synergy to solidify its operational foundation in the coal and coke sector [2] - The company is exploring the collaborative application of hydrogen energy within its existing industrial system, aligning with the direction of energy structure transformation [2] Group 2: Project Development - The company plans to advance related businesses and project construction in an orderly manner, taking into account industry cycles, policy environments, and market conditions [2] - The company seeks to gradually release the comprehensive advantages brought by the integrated industry chain [2]

Group 1 - The core viewpoint of the article is that the rise in coking coal prices is expected to have a positive impact on the company's overall operating performance [2] - The company, Meijin Energy (000723.SZ), confirmed that the increase in coking coal prices will benefit its business [2] - Investors are actively inquiring about the implications of coal price increases on the company's performance [2]

Group 1 - A number of A-share listed chemical companies, including Guoen Co., Linglong Tire, Proya, and Baili Tianheng, have accelerated their plans for listing in Hong Kong, aiming to create an "A+H" dual capital platform to broaden their development paths and inject new momentum into their growth [1] - The surge in Hong Kong listings is driven by both policy support and market demand, with international expansion and enhanced global competitiveness becoming key motivations for chemical companies [1][2] - Guoen Co. announced that the Hong Kong Stock Exchange's listing committee held a hearing on its application for H-share issuance on December 11, marking a critical stage in its listing process [1] Group 2 - The listing trend is supported by ongoing reforms in Hong Kong's capital market and policies from mainland China, which have made the Hong Kong Stock Exchange more attractive for innovative companies since the introduction of new listing rules in 2018 [2] - Recent measures from the Ministry of Finance and the China Securities Regulatory Commission have expanded the list of qualified institutions for H-share auditing, enhancing the quality of auditing services available to mainland companies seeking to list in Hong Kong [2] - The move to list in Hong Kong represents a proactive choice for companies to broaden financing channels and advance international development, reflecting the dual opening of China's capital market [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 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。 "美锦转债"回售申报期已于2025年12月5日收市后结束，根据中国证券登记结算有限责任公司深圳分公 司出具的《证券回售付款通知》，"美锦转债"（债券代码：127061）本次回售有效申报数量为23张，回 售金额为2,322.67元（含息税），公司已根据有效回售的申报数量将回售资金及回售手续费足额划至中 国证券登记结算有限责任公司深圳分公司的指定账户，按照中国证券登记结算有限责任公司深圳分公司 的有关业务规则，投资者回售款到账日为2025年12月12日。 本次"美锦转债"回售不会对公司现金流、资产状况和股本情况产生实质影响，不会损害公司的债务履行 能力和持续经营能力。 三、本次可转换公司债券回售的后续事项 根据相关规定，未回售的"美锦转债"将继续在深圳证券交易所交易。 四、备查文件 特别提示： 根据《深圳证券交易所股票上市规则（2025年修订）》《深圳证券交易所上市公司自律监管指引第15号 一一可转换公司债券》等相关规定以及《山西美锦能源股份有限公司公开发行可转换公司 ...

Group 1 - The core announcement is about the results of the "Meijin Convertible Bond" repurchase, with a repurchase price of 100.986 CNY per bond, and a repurchase period from December 1 to December 5, 2025 [1][2] - The effective repurchase quantity was 23 bonds, resulting in a total repurchase amount of 2,322.67 CNY, which will not materially affect the company's cash flow, asset status, or debt servicing ability [2][3] - The unrepurchased bonds will continue to be traded on the Shenzhen Stock Exchange [3] Group 2 - The company held its 47th board meeting on December 10, 2025, to discuss various matters, including the change in consolidation scope regarding its subsidiary, Foshang Feichi Automotive Technology Co., Ltd. [6][7] - The board approved the proposal to change the consolidation scope, which resulted in the company no longer controlling Feichi Technology, thus it will be treated as an associate company [7][12] - The board also approved the postponement of the "Luanzhou Meijin New Energy Co., Ltd. 14,000Nm3/h coke oven gas hydrogen production project" completion date from December 2025 to December 2026, without changing the project’s investment amount or direction [10][25] Group 3 - The company will hold its fifth extraordinary general meeting on December 26, 2025, to discuss the matters approved in the board meeting [38][39] - The meeting will allow for both on-site and online voting, with specific registration and voting procedures outlined for shareholders [40][41]

Core Viewpoint - Meijin Energy announced a postponement of the completion date for its hydrogen production project from December 2025 to December 2026 [2] Group 1 - The company held its 47th board meeting on December 10, 2025, to review the proposal regarding the delay of certain convertible bond fundraising investment projects [2] - The specific project affected is the "Luanzhou Meijin New Energy Co., Ltd. 14,000 Nm³/h coke oven gas hydrogen production project" [2]