Core Viewpoint - Meijin Energy has successfully completed and commenced continuous production of its 1,000 tons/year starch-based supercapacitor carbon industrialization project, which is the first of its kind in China and addresses critical technological challenges in the industry [1] Group 1: Project Development - The starch-based supercapacitor carbon project has been built and is now in continuous production, marking a significant milestone for the company [1] - This project is the first domestic production line of its kind, attracting considerable attention from the market and society [1] - The project fills a domestic gap in technology and addresses key technical challenges [1] Group 2: Market Demand and Product Quality - Supercapacitor carbon is a critical core electrode material in energy storage devices, with a large and rapidly growing market demand [1] - The company’s supercapacitor carbon has entered mass production, with testing showing that its main technical indicators and parameters are ideal, achieving international advanced quality standards [1] Group 3: Market Expansion Efforts - The company is actively pursuing market development and has begun sending product samples to target customers for testing [1] - Sales contracts will be gradually signed following customer confirmation of product testing [1] - Some products have already been sold, and both production capacity release and market development are progressing as planned [1]

Investment Rating - The industry investment rating is optimistic [1] Core Viewpoints - The report indicates that the inventory at Beigang is rapidly decreasing, and the price of coke has seen a third round of increases, leading to a continued rise in coking coal prices [4][10] - The coal supply is constrained due to heavy rains and typhoons, which, combined with the high temperatures during peak summer demand, is expected to push coal prices higher [4][11] - The report highlights that the coal sector has underperformed the market index, with the Shanghai Composite Index experiencing a pullback after surpassing 3600 points [5][38] Summary by Sections Market Performance - The equity market showed a downward trend, with the coal sector significantly underperforming the index, as indicated by a weekly decline of 4.67% in the coal sector [5][10] - The average daily trading volume remained around 1.8 trillion yuan, with fluctuations in financing purchases [5][10] Thermal Coal - The price of thermal coal continues to rise, driven by supply constraints from adverse weather conditions and regulatory checks on coal production [10][11] - The average daily consumption of coal by southern power plants has increased, reflecting a rise in demand due to high temperatures [10][12] Coking Coal - The price of coking coal has also increased, supported by a recovery in steel mill profitability and ongoing inventory replenishment despite some marginal demand weakening [23][24] - The report notes that the third round of price increases for coke has been implemented, further stimulating demand for coking coal [23][24] Shipping Situation - The number of vessels at anchor in the Bohai Rim has decreased, while shipping rates have risen across various routes, indicating a tightening supply chain [31][32] Industry News - A cooperation agreement has been established between Shizuishan and Hami for coal resource supply, indicating a strategic move towards regional energy collaboration [34] - The International Energy Agency projects a slight increase in global coal demand in 2025, driven by consumption growth in emerging economies [34]

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601015 陕西黑猫 | | > 441.17万 | 4.83% | -734.12万 | -8.03% | 292.95万 | 3.20% | | 600792 云煤能源 | | 16.02万 | 0.27% | -211.97万 | -3.56% | 195.95万 | 3.29% | | 600725 云维股份 | | -288.81万 | -6.50% | -94.37万 | -2.12% | - 383.18万 | 8.63% | | 601011 | 宝泰隆 | -289.20万 | -4.92% | 125.72万 | 2.14% | 163.48万 | 2.78% | | 000723 美锦能源 | | -474.54万 | -3.22% | 7.13万 | 0.05% | 467.40万 | 3.17% | | 600408 安泰集团 | | -5 ...

Investment Rating - The industry investment rating is "Positive" [1] Core Viewpoints - Shenhua plans to acquire group assets, and coal prices are expected to rise in August. Domestic power plants maintain daily coal consumption, leading to continued price increases. The coal association has advocated for controlling production and improving quality, while the Central Financial Committee emphasized the need to regulate low-price competition and promote the orderly exit of backward production capacity. The coking coal sector may see marginal improvements in performance due to environmental factors affecting capacity utilization, with supply and demand gradually balancing in the second half of the year [6][42]. Summary by Sections Coal Market Performance - The coal sector declined, underperforming the CSI 300 index by 2.81 percentage points, with a drop of 4.56% as of August 1, 2025. Among 37 stocks, Chengzhi Co. had the smallest decline at 0.89% [2]. - Key monitored enterprises reported an average daily coal sales volume of 6.64 million tons from July 25 to July 31, 2025, a week-on-week decrease of 6.9% but a year-on-year increase of 0.1%. The total coal inventory was 28.87 million tons, down 5.5% week-on-week and up 15.1% year-on-year [2]. Price Trends - As of August 1, 2025, the price of thermal coal (Q5500K) in the Bohai Rim was 665 CNY/ton, up 0.15% week-on-week. The price of imported thermal coal was 763 CNY/ton, up 0.13% week-on-week. Prices at various ports, including Qinhuangdao and Huanghua, also saw increases [3]. - For coking coal, the main coking coal price at Jingtang Port was stable at 1,650 CNY/ton, while prices for metallurgical coke increased by 3.4% for first-grade and 3.94% for second-grade [4]. Supply and Demand Dynamics - The cumulative coal sales volume for key monitored enterprises was 146.43 million tons, a year-on-year decrease of 3.3%. Power and chemical industries saw coal consumption changes of -2.7% and +16.9% respectively [2][41]. - The chemical industry’s total coal consumption was reported at 21.39 million tons as of August 1, 2025, reflecting a year-on-year increase of 16.9% [41]. Investment Recommendations - The report suggests focusing on high-dividend thermal coal companies and turnaround coking coal companies. Key companies to watch include China Shenhua, Shaanxi Coal and Chemical Industry, and Yanzhou Coal Mining Company for thermal coal, and Huabei Mining and Shanxi Coking Coal for coking coal [6][42].

从资金流向上来看，当日焦炭板块主力资金净流入583.65万元，游资资金净流出1350.26万元，散户资金 净流入766.62万元。焦炭板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 证券之星消息，8月1日焦炭板块较上一交易日上涨0.28%，云维股份领涨。当日上证指数报收于 3559.95，下跌0.37%。深证成指报收于10991.32，下跌0.17%。焦炭板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600725 | 云维股份 | 3.22 | 0.94% | 14.10万 | - 4546.20万 | | 600792 | 云煤能源 | 3.81 | 0.79% | 16.42万 | 6267.47万 | | 600740 | 山西焦化 | 3.93 | 0.77% | 16.72万 | 6571.45万 | | 601015 | 陕西黑猫 | 3.63 | 0.55% ...

Group 1 - The core viewpoint of the news is that Meijin Energy's stock price has decreased by 2.56% to 4.56 yuan, with significant net outflows of capital from major investors [1] - As of the first quarter of 2025, Meijin Energy reported total operating revenue of 3.983 billion yuan, a year-on-year decrease of 5.02%, while net profit attributable to shareholders was 358.72 million yuan, an increase of 0.76% [1] - The company's liquidity ratios are relatively low, with a current ratio of 0.484 and a quick ratio of 0.431, indicating potential liquidity concerns [1] Group 2 - Meijin Energy has made investments in 68 companies and participated in 192 bidding projects, indicating active engagement in business expansion [2] - The company holds 2 trademark registrations and 13 patents, reflecting its focus on intellectual property development [2] - Meijin Energy has obtained 10 administrative licenses, which may facilitate its operational capabilities [2]

Core Insights - Shanxi Meijin Energy Sales Co., Ltd. has been established with a registered capital of 10 million yuan, focusing on power supply, generation, and transmission services [1] Company Overview - The legal representative of the newly established company is Duan Wenjie [1] - The company is wholly owned by Meijin Energy [1] Business Scope - The company’s business includes licensed projects such as power supply, generation, transmission, and distribution [1] - General projects include energy management contracts, efficient energy-saving technology research and development in the power industry, IoT technology services, industrial internet data services, information system integration services, engineering management services, and various technical services [1]

| | | 证券代码：000723 证券简称：美锦能源 公告编号：2025-088 山西美锦能源股份有限公司 关于共同发起设立股权投资基金的进展公告 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。 风险提示： 1、本次对外投资的产业基金筹备过程中存在可能因合伙人未能缴足认缴资 金等原因，导致基金未能足额募集的风险，实际募集及各方缴付出资情况存在 不确定性。 2、投资基金具有投资周期长、流动性较低等特点，公司作为基金的有限合 伙人承担的风险敞口以投资额为限，本次投资无保本及最低收益的承诺。本次投 资基金在投资过程中将受行业周期、监管政策、宏观经济、投资标的经营管理等 多种因素的影响，可能出现无法实现预期收益、出现亏损或不能及时有效退出风 险。 山西美锦能源股份有限公司（以下简称"公司"）与宁波联创永浚私募基金 管理有限公司、宁波市商毅软件有限公司、上海佳妮佳瑞企业管理咨询合伙企业 （有限合伙）、厉冉、重庆宗申投资有限公司、嘉兴东裕投资有限公司、安徽两 江新兴产业股权投资基金合伙企业（有限合伙）、安徽省人工智能主题投资基金 合伙企业（有限合伙）共同签署了《安徽浚安 ...

证券之星消息，7月30日焦炭板块较上一交易日下跌0.41%，美锦能源领跌。当日上证指数报收于 3615.72，上涨0.17%。深证成指报收于11203.03，下跌0.77%。焦炭板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600408 安泰集团 | | 3338.91万 | 21.46% | -1341.98万 | -8.63% | -1996.93万 | -12.84% | | 600792 云煤能源 | | -478.67万 | -3.44% | 234.85万 | 1.69% | 243.82万 | 1.75% | | 601011 | 宝泰隆 | -537.14万 | -5.25% | 327.19万 | 3.20% | - 209.95万 | 2.05% | | 601015 陕西黑猫 | | -554.57万 | -2.54% | 365.12万 | 1.67% | 189.4 ...

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：2025-087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被质押，具体事项如下： （一）股东股份被质押基本情况 1、本次股份被质押基本情况 3、本次股份质押非用于满足上市公司生产经营相关需求。 ■ 2、股东股份累计质押基本情况 截至2025年7月28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 ■■ 2、质押股份情况 ■ 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。 4、第一大股东及 ...