证券代码：000983 证券简称：山西焦煤 公告编号：2025-027 山西焦煤能源集团股份有限公司 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。 一、董事会会议召开情况 山西焦煤能源集团股份有限公司（以下简称"公司"）第九届董 事会第十三次会议以通讯方式于 2025 年 5 月 16 日召开。公司已于 本次会议应到董事 10 人，实际参加表决董事 10 人。会议由董事樊大 宏先生主持。会议的召开和表决程序符合《公司法》和《公司章程》 的规定。 二、董事会会议审议情况 于聘任公司副总经理的议案》。 根据公司总经理提名，聘任于建军先生为公司副总经理。任期至 本届董事会届满。 本议案已经公司提名委员会审议通过。 于建军先生简历附后。 （二）公司第九届董事会提名委员会决议； 特此公告。 山西焦煤能源集团股份有限公司董事会 简历： 于建军先生，汉族，出生于 1972 年，工学学士，正高级工程师， 中共党员。历任西山煤电（集团）有限责任公司党委副书记、副董事 长、总经理，山西焦煤集团有限责任公司安全生产管理中心一级专家， 拟任本公司副总经理。 于调整公司组织机构的议案 ...

证券代码：000983 证券简称：山西焦煤 公告编号：2025-027 山西焦煤能源集团股份有限公司 第九届董事会第十三次会议决议公告 二、董事会会议审议情况 1、会议以 10 票同意，0 票反对，0 票弃权的表决结果通过了《关 于聘任公司副总经理的议案》。 根据公司总经理提名，聘任于建军先生为公司副总经理。任期至 本届董事会届满。 本议案已经公司提名委员会审议通过。 于建军先生简历附后。 2、会议以 10 票同意，0 票反对，0 票弃权的表决结果通过了《关 于调整公司组织机构的议案》。 根据公司业务发展和内部管理需要，结合公司的实际情况，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。 一、董事会会议召开情况 山西焦煤能源集团股份有限公司（以下简称"公司"）第九届董 事会第十三次会议以通讯方式于 2025 年 5 月 16 日召开。公司已于 2025 年 5 月 6 日以传真、邮件及专人送达的方式通知了全体董事。 本次会议应到董事 10 人，实际参加表决董事 10 人。会议由董事樊大 宏先生主持。会议的召开和表决程序符合《公司法》和《公司章程》 的规定。 ...

山西焦煤能源集团股份有限公司 董事会提名委员会 2025年5月16日 山西焦煤能源集团股份有限公司第九届 董事会提名委员会关于聘任副总经理的审查意见 根据《中华人民共和国公司法》《中华人民共和国证券法》《上 市公司独立董事管理办法》《深圳证券交易所股票上市规则》《深圳 证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运 作》及《山西焦煤能源集团股份有限公司公司章程》，山西焦煤能源 集团股份有限公司（以下简称"公司"）提名委员会于 2025 年 5 月 16 日以通讯方式召开，就审议事项发表如下审查意见： 1 公司已提供了于建军先生的个人履历，我们审阅前就有关问题向 公司和董事会秘书进行了询问。经审阅其教育背景、工作履历等相关 资料，未发现有《公司法》规定的不得担任公司高级管理人员的情形， 未受到过中国证监会、其他政府部门的任何处罚及深圳证券交易所的 惩戒，也未有被中国证监会确定为市场禁入者并且禁入尚未解除的现 象。符合《公司法》和《公司章程》有关高级管理人员任职资格的规 定，能够胜任所聘岗位且有利于公司的发展；董事会聘任该高级管理 人员的审核程序符合《公司法》和《公司章程》的有关规定。我们同 意聘 ...

证券代码：000983 证券简称：山西焦煤 公告编号：2025-026 山西焦煤能源集团股份有限公司 关于公司副总经理辞职的公告 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。 近日，山西焦煤能源集团股份有限公司（以下简称"公司"）董 事会收到李争春先生递交的书面辞职报告，李争春先生因工作变动原 因，申请辞去公司副总经理职务。李争春先生辞去上述职务后，不在 公司及公司的子公司担任任何职务。截止本公告披露日，李争春先生 未持有公司股票。 李争春先生的辞职报告自送达公司董事会之日起生效。李争春先 生的辞职不会影响公司的正常生产经营。 李争春先生在担任公司副总经理期间恪尽职守，勤勉尽责，公司 董事会对李争春先生在任职期间为公司做出的贡献表示衷心的感谢! 特此公告 山西焦煤能源集团股份有限公司董事会 2025 年 5 月 16 日 ...

Group 1 - The company announced that its Vice President, Li Zhangchun, has submitted a resignation letter due to work changes [1] - Following his resignation, Li Zhangchun will no longer hold any positions within the company or its subsidiaries and did not hold any company shares [1] - The resignation will take effect upon delivery to the board of directors and will not impact the company's normal production and operations [1]

本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站（http://rs.p5w.net），或关注微信 公众号：全景财经，或下载全景路演APP，参与本次互动交流，活动时间为2025年5月20日（星期二） 15:00-17:00。 届时公司总经理、财务总监樊大宏先生、独立董事李玉敏先生和董事会秘书王洪云先生将在线就公司 2024年度业绩、公司治理、发展战略、经营状况和可持续发展等投资者关心的问题，与投资者进行沟通 与交流，欢迎广大投资者踊跃参与！ 投资者可于2025年5月19日17:00前将有关问题通过电子邮件的形式发送至公司邮箱 zqb000983@163.com，公司将在发布会上对投资者普遍关注的问题进行优先回答。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000983 证券简称：山西焦煤 公告编号：2025-025 山西焦煤能源集团股份有限公司 关于参加山西辖区上市公司2025年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或者重大 遗漏。 为进一步加强与投资者的互动交流，山西焦煤能源集团股份有限公司（以下简 ...

为进一步加强与投资者的互动交流，山西焦煤能源集团股份有限 公司（以下简称"公司"）将参加由中国证券监督管理委员会山西监 管局、山西省上市公司协会与深圳市全景网络有限公司联合举办的 "山西辖区上市公司 2025 年投资者网上集体接待日暨年报业绩说明 会"，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演" 网站（http://rs.p5w.net），或关注微信公众号：全景财经，或下 载全景路演 APP，参与本次互动交流，活动时间为 2025 年 5 月 20 日 （星期二）15:00-17:00。 山西焦煤能源集团股份有限公司 关于参加山西辖区上市公司 2025 年投资者 网上集体接待日活动的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或者重大遗漏。 届时公司总经理、财务总监樊大宏先生、独立董事李玉敏先生和 董事会秘书王洪云先生将在线就公司 2024 年度业绩、公司治理、发 展战略、经营状况和可持续发展等投资者关心的问题，与投资者进行 沟通与交流，欢迎广大投资者踊跃参与！ 证券代码：000983 证券简称：山西焦煤 公告编号：2025 ...

Core Insights - The report emphasizes the importance of coal allocation in the current market environment, highlighting a basket of financial policies aimed at stabilizing market expectations [1][2] - The coal sector is viewed as entering a "golden era 2.0," with core value assets expected to rebound due to favorable macroeconomic policies and capital market support [2][10] Coal Market Overview - As of May 9, 2025, the price of Q5500 thermal coal at Qinhuangdao port was 630 CNY/ton, a decrease of 20 CNY/ton or 3.08% from the previous week [1][13] - The operating rate of coal mines in the Shanxi, Shaanxi, and Inner Mongolia regions was 81.1%, reflecting a slight decline of 0.3 percentage points [1][13] - In April 2025, China imported 37.825 million tons of coal, a year-on-year decrease of 16.41% [1] Demand and Supply Dynamics - The daily coal consumption of coastal power plants reached 1.734 million tons, an increase of 235,000 tons week-on-week [1][9] - The inventory at ports in the Bohai Rim increased to 33.051 million tons, up 201,800 tons or 6.5% [1][9] - The operating rates for methanol and urea production were 84.1% and 87.35%, respectively, indicating a stable demand for coal in chemical production [1][9] Investment Logic - The report outlines a robust dividend investment logic for coal stocks, suggesting that they remain a preferred choice for institutional investors due to their stable returns and low risk associated with state-owned enterprises [2][10] - The cyclical elasticity of coal stocks is highlighted, with expectations for price recovery as supply-demand fundamentals improve post-policy implementation [2][10] Key Indicators - The coal sector's PE ratio was reported at 11.6, and the PB ratio was 1.16, indicating relatively low valuations compared to other sectors [5][7] - The report identifies key coal stocks that are expected to benefit from the current market conditions, including China Shenhua, Shaanxi Coal, and China Coal Energy [2][10] Focused Stock Recommendations - The report suggests a selection of coal stocks based on different investment themes: - Dividend logic: China Shenhua, Shaanxi Coal, China Coal Energy - Cyclical logic: Pingmei Shenma, Huabei Mining - Diversified aluminum elasticity: Shenhua Energy, Electric Power Energy - Growth logic: Guanghui Energy, New Hope Energy [2][10]

Investment Rating - The coal mining industry is rated as "Recommended" [7][78] Core Views - The coal mining industry is experiencing a supply-side constraint, while demand may fluctuate in the short term, leading to price volatility and dynamic rebalancing [7][78] - The report highlights the investment value of coal companies as high dividend and cash cow assets, especially in light of recent market changes and government support for major coal enterprises [7][77] - Key companies in the coal sector are characterized by high profitability, strong cash flow, high barriers to entry, substantial dividends, and a high safety margin [7][78] Summary by Sections 1. Thermal Coal - Thermal coal prices at ports have decreased by 22 CNY/ton year-on-year, with port inventory increasing [14][15] - Production in major coal-producing areas has increased, with capacity utilization in the Sanxi region rising by 0.69 percentage points [14][21] - April coal imports totaled 37.825 million tons, a year-on-year decrease of 16.4% [14][28] - Demand remains weak due to high inventory levels at power plants, with daily consumption showing mixed trends [14][31] 2. Coking Coal - Coking coal production has stabilized, with capacity utilization rising by 0.45 percentage points to 89.0% [39][76] - The average customs clearance volume at Ganqimaodu port increased by 281 vehicles week-on-week [39][44] - Coking coal supply and demand are marginally loose, with inventories at production enterprises rising by 14.84 million tons [39][76] 3. Coke - The production rate of coking plants has increased, with capacity utilization rising by 0.29 percentage points to 75.83% [53][76] - Despite a slight increase in coke inventory, it remains at a low level with no significant pressure [53][66] - The average profit per ton of coke has risen to approximately 1 CNY, an increase of 7 CNY week-on-week [57][76] 4. Anthracite - Anthracite prices have remained stable, with supply exceeding demand and no new purchasing needs from power users [71][72] 5. Key Companies and Investment Focus - Recommended stocks include China Shenhua, Shaanxi Coal, and others, with a focus on companies with strong cash flow and high dividend yields [7][78] - The report emphasizes the importance of monitoring iron and steel production, as well as the consumption of steel and coking coal [39][76]

Investment Rating - The report maintains a "Positive" investment rating for the coal industry [9]. Core Viewpoints - The recent acceleration in coal price decline is primarily attributed to a post-holiday drop in demand (seasonal factors and reduced expectations for inventory replenishment) and increased supply (production and transportation volume) leading to a higher port inventory and a willingness to sell at lower prices. However, with the upcoming peak summer demand and relatively stable supply, the report suggests that the coal prices are likely to stabilize during the peak season [2][7]. Summary by Sections Market Performance - The coal index (Yangtze) increased by 1.40% this week, underperforming the CSI 300 index by 0.60 percentage points, ranking 24th out of 32 industries. The thermal coal market price as of May 9 is 630 CNY/ton, down 20 CNY/ton week-on-week [6][30]. Supply and Demand Analysis - As of May 8, the daily coal consumption across 25 provinces was 484.9 million tons, a week-on-week increase of 9.9% but a year-on-year decrease of 2.4%. The coal supply was 486.3 million tons, a decrease of 0.6% from May 1. The total inventory was 114.3 million tons, down 0.1% [48][49]. Price Trends - The market price for 5500 kcal thermal coal at Qinhuangdao port is 630 CNY/ton, reflecting a decrease of 20 CNY/ton (-3.08%) compared to April 30. The report indicates that the price support remains due to cost factors from production and imports, despite the high inventory levels [55][30]. Future Outlook - The report anticipates that the coal prices may continue to explore the bottom in the short term due to high inventory levels and the approaching rainy season. However, there is a potential for a moderate rebound in prices as the demand for coal is expected to improve during the peak summer season, with a projected 17% increase in daily consumption compared to the second quarter [7][8]. Investment Recommendations - The report suggests marginal allocation in the coal sector, recommending stable profit leaders such as China Shenhua (A+H) and Shaanxi Coal, as well as growth-oriented companies like Electric Power Investment Energy and Xinji Energy. It also highlights flexible growth stocks such as Yanzhou Coal (A+H), Shanxi Coking Coal, and Huabei Mining [8].