Financial Performance - The company's operating revenue for Q1 2025 was ¥3,982,573,352.62, representing a decrease of 5.02% compared to ¥4,193,039,451.62 in the same period last year[5] - The net profit attributable to shareholders was a loss of ¥358,723,574.08, a slight improvement of 0.76% from a loss of ¥361,454,572.06 in the previous year[5] - The total comprehensive income for the period was -478,810,149.92, compared to -428,356,195.10 in the previous period[23] - Net profit for the current period is -¥403,362,744.92, compared to -¥428,356,195.10 in the previous period, showing an improvement[22] - The basic earnings per share remained unchanged at -¥0.08, while diluted earnings per share also remained at -¥0.07[5] Cash Flow - The net cash flow from operating activities increased by 85.40% to ¥257,993,302.47, up from ¥139,153,138.98 in the same period last year[10] - The net cash flow from investing activities improved by 57.53%, with a net outflow of ¥435,149,045.96 compared to ¥1,024,544,191.37 in the previous year[10] - The net cash flow from financing activities decreased by 47.08% to ¥423,654,116.11, primarily due to debt repayments and an increase in restricted stock[10] - Cash inflow from investment activities totaled 59,314,498.97, significantly up from 8,365,553.23 in the previous period[25] - The company reported a net cash outflow from investment activities of -435,149,045.96, an improvement from -1,024,544,191.37 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥45,374,900,860.64, reflecting a 0.74% increase from ¥45,042,878,335.52 at the end of the previous year[5] - Total liabilities rose to ¥29,616,143,871.76, up from ¥28,831,517,187.52, indicating an increase of 2.73%[20] - Long-term borrowings increased to ¥3,684,440,343.63 from ¥3,358,089,819.28, representing a growth of 9.69%[20] - The company reported a decrease in total equity to ¥15,758,756,988.88 from ¥16,211,361,148.00, a decline of 2.79%[20] Shareholder Information - The largest shareholder, Meijin Energy Group Co., Ltd., holds 1,646,121,586 shares, representing a significant portion of the company's equity[14] - Tibet Born Asset Management Co., Ltd. - Born Kangyuan No. 1 Private Securities Investment Fund holds 48,680,303 shares, accounting for 1.10% of the total shares[14] - The top ten unrestricted shareholders collectively hold a substantial number of shares, with the total number of unrestricted shares held by the top ten shareholders being 1,910,000,000[14] - The company has not disclosed any related party relationships among the top shareholders, except for the largest shareholder[14] - The report indicates that there are no significant changes in the shareholding of the top ten unrestricted shareholders compared to the previous period[14] Operational Metrics - The company's inventory decreased by 32.70% to ¥1,056,202,647.02, primarily due to a decline in raw coal market prices[10] - Accounts receivable rose to ¥1,528,454,384.96 from ¥1,430,632,024.48, indicating an increase of about 6.87%[18] - Inventory decreased significantly from ¥1,569,375,365.96 to ¥1,056,202,647.02, reflecting a reduction of approximately 32.59%[18] - Research and development expenses for the current period were ¥17,190,811.52, up from ¥15,116,723.64, marking a rise of 13.76%[22] - Financial expenses increased to ¥99,848,724.22 from ¥90,980,330.81, an increase of 9.73%[22] Future Outlook and Plans - The company plans to issue shares for asset acquisition, with significant announcements scheduled for January 10, 2025, and February 8, 2025[15] - The company is expected to provide guarantees for its subsidiaries, with multiple announcements regarding this matter made in January and February 2025[15] - The company is under credit rating observation, as announced on March 22, 2025, indicating potential changes in its creditworthiness[16] - The company is considering the establishment of a private equity investment fund, with an announcement made on March 11, 2025[16] - The company is actively involved in restructuring and related transactions, with ongoing updates provided in early 2025[15]

Financial Performance - The company's operating revenue for 2024 was CNY 19,030,807,655.60, representing a decrease of 8.55% compared to CNY 20,811,040,684.95 in 2023[20]. - The net profit attributable to shareholders for 2024 was CNY -1,142,535,700.78, a decline of 495.31% from CNY 289,022,794.20 in 2023[20]. - The net cash flow from operating activities increased by 3.25% to CNY 940,857,762.24 in 2024, compared to CNY 911,213,956.18 in 2023[20]. - The total assets at the end of 2024 were CNY 45,042,878,335.52, reflecting a growth of 5.95% from CNY 42,512,543,896.03 at the end of 2023[20]. - The basic earnings per share for 2024 was CNY -0.26, a decrease of 471.43% from CNY 0.07 in 2023[20]. - The company reported a quarterly operating revenue of CNY 4,660,720,403.78 in Q4 2024, with a net profit attributable to shareholders of CNY -487,703,634.28[25]. - The company experienced a significant increase in non-operating losses, with a total of CNY -49,664,696.14 in Q1 2024[28]. - The company reported a decrease in net assets attributable to shareholders by 3.53% to CNY 14,450,836,376.28 at the end of 2024[20]. - The company indicated uncertainty regarding its ability to continue as a going concern, as the net profit before and after deducting non-recurring gains and losses has been negative for the last three accounting years[21]. Corporate Governance - The company’s financial report is guaranteed to be true, accurate, and complete by the board of directors and senior management[4]. - The company has established an independent human resources department and a complete labor management system, ensuring that all senior management personnel are employed and compensated by the company[126]. - The company’s board of directors has established five specialized committees to enhance corporate governance[126]. - The company has a structured approach to governance, with specialized committees overseeing various aspects of operations and compliance[146]. - The company has committed to fulfilling all regulatory obligations regarding shareholder interests and has established measures to ensure compliance with the latest regulations from the China Securities Regulatory Commission[192]. - The company has maintained strict adherence to its commitments regarding the protection of shareholder interests and operational integrity[192]. - The company has not reported any significant accounting errors or changes in accounting estimates that would affect the financial statements[196]. Investment and Development - The company plans not to distribute cash dividends, issue bonus shares, or increase share capital from reserves[5]. - The company has invested broadly in the hydrogen energy industry chain, aligning with national policies to capitalize on strategic opportunities in hydrogen energy development[45]. - The company has committed to several investment projects, including a hydrogen fuel cell project with a total investment of RMB 60,000 million, expected to be completed by 2025[101]. - The cumulative investment in the hydrogen fuel cell project as of the report date was RMB 7,340 million, indicating a progress rate of 12.23%[101]. - The company has also committed to a new material project with a total investment of RMB 219,000 million, which is currently at 100% completion[101]. - The company plans to use up to RMB 40,000 million of idle raised funds for cash management, investing in cash yield products with a maximum term of one year[100]. Environmental and Sustainability Efforts - The company is committed to sustainable development and aims for a "near-zero emissions" model through the promotion of circular economy practices[32]. - The company has received multiple awards for its contributions to sustainable development and innovation in the hydrogen energy sector[41]. - The company has implemented environmental protection policies in compliance with multiple national and local regulations[171]. - The company reported a continuous emission of particulate matter at 0.845g/m³ from its incinerator, which is below the standard of 20mg/m³[173]. - The company has established comprehensive pollution prevention facilities, including desulfurization and denitrification systems, online monitoring facilities, and various dust removal systems[183]. - The total investment in environmental governance and protection for Shanxi Meijin Coal Chemical Co., Ltd. in 2024 reached CNY 25.5 million, with an environmental protection tax of CNY 73.02 million[184]. - The company has developed hydrogen energy as a clean energy source, leveraging by-products from its coking business to enhance economic value[188]. Market and Industry Position - The company’s coke production capacity is currently 8.95 million tons per year, with a total coke output of 6.6989 million tons in 2024, an increase of 14.79% year-on-year[33]. - The company has established long-term cooperative relationships with major steel enterprises, enhancing resource sharing and mutual benefits[46]. - The company aims to leverage its low-cost hydrogen production from coking by-products to strengthen its leading position in the hydrogen energy industry[41]. - The hydrogen energy industry in China is accelerating, with policies being established to support its development across 29 provincial-level regions[39]. - The company is focusing on the transition to hydrogen energy, leveraging hydrogen-rich byproducts from coke production as a low-cost hydrogen production method[34]. Research and Development - The total R&D expenditure for 2024 was ¥89.72 million, a decrease of 29.29% from ¥126.89 million in 2023[76]. - The company has completed product development design for the 8.2-meter pure electric bus, which is expected to meet specific market customer needs and expand the product range[73]. - The company is focusing on the innovation of electrochemical magnetic fluid technology to enhance hydrogen energy conversion efficiency, with plans to file 10-15 related patents[74]. - The company aims to strengthen its competitive edge in the fuel cell vehicle market through continuous product development and technological advancements[74]. Risk Management - The company has detailed potential risks in the report, particularly in the section discussing future development prospects[4]. - The company has implemented strict risk control measures for derivative investments, including separation of duties and regular monitoring of risks[97]. - The company faces market risks due to fluctuations in raw material prices, particularly coking coal, and plans to enhance supplier diversification and improve procurement management[117]. - Environmental protection risks are increasing due to stricter regulations, necessitating further investment in equipment upgrades to meet compliance standards[118].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000723 证券简称：美锦能源 公告编号：2025-043债券代码：127061 债券简称：美锦转债 2、本次股份被质押基本情况 ■ 山西美锦能源股份有限公司 关于第一大股东部分股份解除质押和被质押的公告 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。 特别风险提示： 山西美锦能源股份有限公司（以下简称"公司"）第一大股东美锦能源集团有限公司（以下简称"美锦集 团"）质押股份数量占其所持公司股份数量比例超过80%，请投资者注意相关风险。 一、股东股份解除质押和被质押基本情况 公司近日接到美锦集团通知，获悉美锦集团所持有公司的部分股份解除质押和被质押，具体事项如下： （一）股东股份解除质押和被质押基本情况 1、本次股份解除质押基本情况 ■ 3、股东股份累计质押基本情况 截至2025年4月22日，上述股东及其一致行动人所持质押股份情况如下： ■ （二）第一大股东及其一致行动人基本情况 1、质押股份股东基本信息 ■ 不排除第一大股东在股票质押到期时有新的部分股票质押和部分股票解质押。 6、第一大股东进行股 ...

| 证券代码：000723 | 证券简称：美锦能源 | 公告编号：2025-043 | | --- | --- | --- | | 债券代码：127061 | 债券简称：美锦转债 | | 山西美锦能源股份有限公司 关于第一大股东部分股份解除质押和被质押的公告 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。 特别风险提示： 山西美锦能源股份有限公司（以下简称"公司"）第一大股东美锦能源集团 有限公司（以下简称"美锦集团"）质押股份数量占其所持公司股份数量比例超 过80%，请投资者注意相关风险。 | | | 3、股东股份累计质押基本情况 截至2025年4月22日，上述股东及其一致行动人所持质押股份情况如下： 一、股东股份解除质押和被质押基本情况 公司近日接到美锦集团通知，获悉美锦集团所持有公司的部分股份解除质押 和被质押，具体事项如下： （一）股东股份解除质押和被质押基本情况 1、本次股份解除质押基本情况 | 股东名称 | 是否为控股股东或第一 | | 本次解除质押 | 占其所持 | 占公司总 | 起始日 | 解除日期 | 质权人 | | --- | --- | ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000723 证券简称：美锦能源 公告编号：2025-042 债券代码：127061 债券简称：美锦转债 山西美锦能源股份有限公司 关于2022年部分限制性股票回购注销完成 暨不调整可转债转股价格的公告 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。 特别提示： 1、山西美锦能源股份有限公司(以下简称"公司")本次回购注销的股票数量为2796.5750万股，占回购注 销前公司总股本的0.63%，回购价格为授予价格加上银行同期存款利息。 2、截至本公告披露日，公司已在中国证券登记结算有限责任公司深圳分公司完成本次回购注销手续。 3、本次回购注销完成后，公司总股本由4,431,432,532股减至4,403,466,782股。 4、根据公司《公开发行可转换公司债券募集说明书》的有关规定，本次部分限制性股票回购注销后"美 锦转债"转股价格不变，仍为5.26元/股。 一、2022年限制性股票激励计划简述 1、2022年1月21日，公司召开九届二十七次董事会会议和九届十三次监事会会议审议通过了《关于〈山 西美锦 ...

关于2022年部分限制性股票回购注销完成 暨不调整可转债转股价格的公告 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。 特别提示： | 证券代码:000723 | | --- | | 债券代码:127061 | | 证券代码：000723 | 证券简称：美锦能源 | 公告编号：2025-042 | | --- | --- | --- | | 债券代码：127061 | 债券简称：美锦转债 | | 山西美锦能源股份有限公司 1、山西美锦能源股份有限公司(以下简称"公司")本次回购注销的股票数 量为 2796.5750 万股，占回购注销前公司总股本的 0.63%，回购价格为授予价格 加上银行同期存款利息。 2、截至本公告披露日，公司已在中国证券登记结算有限责任公司深圳分公 司完成本次回购注销手续。 3 、本次回购注销完成后，公司总股本 由 4,431,432,532 股减至 4,403,466,782 股。 4、根据公司《公开发行可转换公司债券募集说明书》的有关规定，本次部 分限制性股票回购注销后"美锦转债"转股价格不变，仍为 5.26 元/股。 一、2022 年 ...

| 证券代码：000723 | 证券简称：美锦能源 | 公告编号：2025-041 | | --- | --- | --- | | 债券代码：127061 | 债券简称：美锦转债 | | 山西美锦能源股份有限公司 关于"美锦转债"预计触发转股价格向下修正条件的提示性公告 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。 特别提示： | 1、股票代码：000723 | 股票简称：美锦能源 | | --- | --- | | 2、债券代码：127061 | 债券简称：美锦转债 | 3、转股价格：5.26 元/股 4、转股期限：2022 年 10 月 26 日至 2028 年 4 月 19 日 5、根据《山西美锦能源股份有限公司公开发行可转换公司债券募集说明书》 （以下简称"《募集说明书》"）的规定，在本次发行的可转换公司债券存续期 间，当公司 A 股股票在任意连续三十个交易日中至少有十五个交易日的收盘价低 于当期转股价格的 85%时，公司董事会有权提出转股价格向下修正方案并提交公 司股东大会表决。 2025 年 4 月 7 日至 2025 年 4 月 18 日，公司 ...

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。 | 证券代码：000723 | 证券简称：美锦能源 | 公告编号：2025-040 | | --- | --- | --- | | 债券代码：127061 | 债券简称：美锦转债 | | 山西美锦能源股份有限公司 关于第一大股东部分股份质押展期的公告 特别风险提示： 山西美锦能源股份有限公司（以下简称"公司"）第一大股东美锦能源集团 有限公司（以下简称"美锦集团"）质押股份数量占其所持公司股份数量比例超 过80%，请投资者注意相关风险。 一、股东股份质押展期基本情况 公司近日接到美锦集团通知，获悉美锦集团所持有公司的部分股份办理了质 押展期业务，具体事项如下： （一）股东股份质押展期基本情况 | 股东 | 是否为控股 股东或第一 | 本次质押展 | 占其所 | 占公司 | 是否 | 是否为 | 质押起始 | 原质押到 | 展期后 | | 质押 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 大股东 ...

美锦能源(000723.SZ)4月15日发布公告称，第一大股东美锦能源集团有限公司（下称"美锦集团"）近期 对所持部分股份进行了质押和解除质押操作。根据公告，美锦集团本次解除质押股占其所持股份的 1.29%，占公司总股本的0.48%；同时，新增质押股份占其所持股份的1.15%，占公司总股本的0.43%。 更为关键的是，美锦集团持有美锦能源38.05%的股份，其中36.98%已经被质押出去，几乎全部处于质 押状态。公告显示，未来一年内到期的质押股份占其所持股份比例76.77%，占美锦能源总股本比例 28.52%，对应融资余额为37.93亿元。 对于控股股东高比例质押等问题，美锦能源对《华夏时报》记者表示，"近期情况请以公告及官方公众 号动态为准。"知名财税审专家、资深注册会计师刘志耕则表示，"美锦能源当前4元左右股价已低于平 仓线，存在较高强制平仓风险。若短期内股价无法回升至平仓线上方，控股股东可能面临控制权丧失的 危机，并进一步引发市场恐慌性抛售，公司可采取紧急措施稳定市场预期。" 大股东持股质押率达99.7% 公告显示，美锦集团此次质押股份的调整主要用于融资期限调整，还款来源为经营性收入，进行股票质 押主要 ...

筹划半年后，美锦能源（000723.SZ）的重大资产重组交易宣告终止。 4月11日，美锦能源发布公告披露，因交易各方进行协商和谈判后对相关商业条款未能达成一致，其决 定终止发行股份购买资产之重大资产重组暨关联交易事项。 本报记者 李哲 北京报道 《中国经营报》记者注意到，在2024年10月，美锦能源方面曾公告表示，拟通过发行股票的方式，从其 控股股东及其关联企业手中购买三家以煤炭生产为主业的企业。在交易折戟之际，美锦能源的业绩表现 也难言乐观。受煤炭价格波动影响，其预计2024年净利润亏损超8亿元。 对于上述业绩表现，记者联系美锦能源方面置评，截至发稿未获回复。4月14日，在投资者说明会上， 美锦能源董事会秘书赵嘉回应记者提问时表示，美锦能源将聚焦主业精细化运营，通过降本增效、技术 升级稳固煤炭业务竞争力，同时加速氢能全产业链商业化，培育第二增长极。 终止重组计划 2024年10月9日，美锦能源召开 2024 年第二次独立董事专门会议、十届二十六次董事会会议、十届九次 监事会会议，分别审议通过了《关于公司发行股份购买资产之重大资产重组暨关联交易方案的议案》 《关于〈山西美锦能源股份有限公司发行股份购买资产之重 ...