Group 1 - The core point of the article is that Meijin Energy is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global strategy and international competitiveness [1] - The company aims to improve its overseas financing capabilities and increase governance transparency and standardization [1] - As of August 15, the stock price of Meijin Energy was reported at 4.59 yuan per share, with a total market capitalization of approximately 20.21 billion yuan [1]

Core Viewpoint - The announcement highlights a change in the shareholding structure of Shanxi Meijin Energy Co., Ltd. due to the passing of its major shareholder, which has led to a redistribution of shares among the heirs, while the actual controlling shareholder remains unchanged [1][2]. Group 1: Shareholding Structure Change - The passing of Gao Fan'e, the major shareholder of Meijin Group, resulted in the inheritance of shares by her children, leading to a change in the shareholding proportions [1]. - Before the change, Yao Junliang held 25% of Meijin Group, while Yao Junhua, Yao Junjie, Yao Sanjun, Yao Sijun, and Yao Junqing each held 12.5%. After the change, Yao Junliang's share increased to 27%, Yao Junhua's to 15%, and the others to 14.5% each [1][2]. Group 2: Financial Performance - Meijin Energy is facing continued financial losses, with a forecasted net profit loss of between 490 million and 710 million yuan for the first half of 2025, primarily due to declining coal and coke prices [1][2]. - The company maintains a credit rating of A+ with a stable outlook, reflecting its current financial situation despite ongoing losses [2]. Group 3: Rating Assessment - The rating assessment utilized general credit rating methods and models, with various scoring factors indicating the company's performance in macro environment, industry risk, and financial status [3][4]. - The scoring results show a mixed performance, with a strong score in business conditions but weaker scores in profitability and financial status [3].

中证鹏元资信评估股份有限公司 中证鹏元公告【2025】397 号 中证鹏元关于关注山西美锦能源股份有限公司控股股东股 权结构变更事项的公告 中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）对山 西美锦能源股份有限公司（以下简称"美锦能源"或"公司"，股票 代码：000723.SZ）及其发行的下述债券开展评级。除评级委托关系 外，中证鹏元及评级从业人员与公司不存在任何足以影响评级行为独 立、客观、公正的关联关系。 | | | 主体等级 | 债项等级 评级展望 | | --- | --- | --- | --- | | 债券简称 美锦转债 | 上一次评级时间 2025 年 6 月 27 日 | A+ | 上一次评级结果 A+ 稳定 | 2025 年 8 月 7 日，公司发布《关于控股股东股权结构变更的公 告》，因公司控股股东美锦能源集团有限公司（以下简称"美锦集团"） 股东高反娥女士去世，其持有美锦集团的股份由其子女姚俊良、姚俊 花、姚俊杰、姚三俊、姚四俊、姚俊卿合法继承。本次变更前，姚俊 良持有美锦集团股权比例 25%，姚俊花、姚俊杰、姚三俊、姚四俊、 姚俊卿分别持有美锦集团股权比例 12.5%；本次变更后 ...

| 证券代码：000723 | 证券简称：美锦能源 | 公告编号：2025-092 | | --- | --- | --- | | 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 关于评级机构维持公司主体及美锦转债信用等级的公告 山西美锦能源股份有限公司董事会 2025年8月15日 山西美锦能源股份有限公司（以下简称"公司"）于近日收到公司可转换公 司债券评级机构中证鹏元资信评估股份有限公司（以下简称"中证鹏元"）出具 的《中证鹏元关于关注山西美锦能源股份有限公司控股股东股权结构变更事项的 公告》（中证鹏元公告【2025】397号）。 综合考虑公司现状，中证鹏元决定维持公司主体信用等级为A+，评级展望维 持为稳定，"美锦转债"信用等级维持为A+，评级结果有效期为2025年8月15日 至"美锦转债"存续期。 特此公告。 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。 ...

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：2025-091 | | --- | --- | --- | | 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 关于筹划公司在香港联合交易所有限公司上市的提示性公告 为深入推进山西美锦能源股份有限公司（以下简称"公司"）的全球化战 略布局，打造国际化资本运作平台，同时提升公司在国际市场的综合竞争实 力，增强境外融资能力，进一步提高公司治理透明度和规范化水平，公司目前 正在筹划境外发行股份（H股）并在香港联合交易所有限公司（以下简称"香港 联交所"）上市事项（以下简称"本次H股发行上市"），公司正在与相关中介 机构就本次H股发行上市的具体推进工作进行商讨，相关细节尚未确定。 根据《深圳证券交易所股票上市规则》《境内企业境外发行证券和上市管 理试行办法》等法律法规的要求，待具体方案确定后，本次H股发行上市工作尚 需提交公司董事会和股东会审议，并经中国证券监督管理委员会备案和香港联 交所等监管机构审核。本次H股发行上市 ...

Core Viewpoint - Meijin Energy (000723) announced plans to issue shares overseas (H-shares) and list on the Hong Kong Stock Exchange, aiming to enhance its global strategic layout and international capital operation platform [1] Group 1: Company Strategy - The company aims to improve its comprehensive competitiveness in international markets [1] - The initiative is part of the company's strategy to enhance its overseas financing capabilities [1] - The move is expected to increase the transparency and standardization of the company's governance [1] Group 2: Regulatory Process - Specific details of the share issuance and listing are yet to be determined [1] - The finalized plan will require approval from the company's board and shareholders [1] - The proposal must also be filed with the China Securities Regulatory Commission and reviewed by the Hong Kong Stock Exchange and other regulatory bodies [1]

Core Viewpoint - The company is planning to issue shares overseas and list on the Hong Kong Stock Exchange to advance its global strategy and enhance its international competitiveness [1] Group 1 - The initiative aims to create an international capital operation platform [1] - The company seeks to improve its overseas financing capabilities [1] - The move is expected to enhance the transparency and standardization of corporate governance [1] Group 2 - Specific details of the plan are yet to be determined [1] - The proposal will require approval from the company's board and shareholders [1] - The plan must be filed with the China Securities Regulatory Commission and reviewed by the Hong Kong Stock Exchange and other regulatory bodies [1]

Core Viewpoint - Meijin Energy (000723) is planning to issue H-shares and list on the Hong Kong Stock Exchange, currently in discussions with relevant intermediaries regarding the specifics of the issuance and listing process [1] Group 1 - The company announced on August 15 that it is in the process of planning an overseas share issuance [1] - The details of the H-share issuance and listing have not yet been finalized [1]

Group 1 - The coke sector experienced a 1.2% increase on August 15, with Baotailong leading the gains [1] - The Shanghai Composite Index closed at 3696.77, up 0.83%, while the Shenzhen Component Index closed at 11634.67, up 1.6% [1] - Key stocks in the coke sector showed varied performance, with Baotailong closing at 2.74, up 1.86%, and Meijin Energy at 4.59, up 1.77% [1] Group 2 - The net inflow of main funds in the coke sector was 483,900 yuan, while retail funds saw a net inflow of 820,350 yuan [1] - Baotailong had a main fund net inflow of 10,283,300 yuan, representing 12.73% of its total, while retail funds saw a net outflow of 180,000 yuan [2] - Meijin Energy experienced a significant main fund net outflow of 9,038,800 yuan, which is -4.16% of its total [2]

Core Viewpoint - The company, Meijin Energy, is currently focused on its core businesses in coal chemical and hydrogen energy, with no plans to enter the dairy or infant formula market at this time [1] Group 1: Company Focus - Meijin Energy is dedicated to building an integrated industrial chain of "coal-coke-gas-chemical-hydrogen" [1] - The company has no current plans related to dairy products or infant formula [1] - Any future developments in this area will be disclosed to the market in accordance with information disclosure requirements [1]