根据《山西焦煤能源集团股份有限公司2022年面向专业投资者公 开发行公司债券(第一期)募集说明书》的约定,22焦能01的债券持有 人在回售登记期内(2024年12月6日至2024年12月12日)选择将其所 持有的22焦能01全部或部分回售给山西焦煤能源集团股份有限公司 (以下简称"公司"或"发行人"),回售价格为100元/张(不含利 息）,回售资金发放日为2025年1月6日。 证券代码:000983 证券简称:山西焦煤 公告编号;2025-006 债券代码:149765.SZ 债券简称:22 焦能 01 山西焦煤能源集团股份有限公司 关于"22 焦能 01"债券转售实施结果公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整,没有虚 假记载、误导性陈述或者重大遗漏。 张。本次转售实施完毕后,22焦能01剩余托管数量为20,000,000.00 张。 山 份有限公司 日 根据中国证券登记结算有限责任公司深圳分公司提供的数据,22 焦 能 01 在 回 售 登 记 期 内 回 售 数 量 2,130,000 张 , 回 售 金 额 213,000,000.00元。 根据《山西焦煤能源集团股份有限公司关于 ...

山西焦煤能源集团股份有限公司 所属华晋焦煤有限责任公司沙曲一号煤矿 停产的 临时受托管理事务报告 债券简称：22 焦能 01 债券代码：149765.SZ 受托管理人：中信建投证券股份有限公司 2025 年 2 月 关于 重要声明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行 为准则》、山西焦煤能源集团股份有限公司就存续公司债券与受托管理人签署的 受托管理协议（以下简称"《受托管理协议》"）及其它相关信息披露文件以及 山西焦煤能源集团股份有限公司（以下简称"发行人"或"公司"）出具的相关 说明文件和提供的相关资料等，由受托管理人中信建投证券股份有限公司（以下 简称"中信建投证券"或"受托管理人"）编制。中信建投证券编制本报告的内 容及信息均来源山西焦煤能源集团股份有限公司提供的资料或说明。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜作出独立判断，而不应将本报告中的任何内容据以作为中信建投证券所作的 承诺或声明。在任何情况下，未经中信建投证券书面许可，不得将本报告用作其 他任何用途。 华晋焦煤是公司持股51%的子公司，所属沙曲一号煤矿年核定产能450万吨， 占 ...

Investment Rating - The report maintains a "Buy" rating for Shanxi Coking Coal (000983.SZ) [5] Core Views - The company is expected to face a significant decline in net profit for 2024, with estimates ranging from 2.85 to 3.38 billion yuan, representing a year-on-year decrease of 50.1% to 57.9% [1] - The company is proactively shutting down non-coal businesses to optimize its operational efficiency, including the voluntary shutdown of the Xishan Thermal Power generator, which has been operating at a loss [1] - The company is actively seeking capacity expansion through both internal growth and external acquisitions, including winning exploration rights for coal and associated bauxite resources in Shanxi province [2] - Coking coal prices have reached low levels, with expectations for a rebound due to recent policy changes and increased market activity post-Chinese New Year [2] Financial Summary - Revenue is projected to decline from 55.52 billion yuan in 2023 to 46.57 billion yuan in 2024, a decrease of 16.1% [4] - The net profit is expected to drop significantly from 6.77 billion yuan in 2023 to 3.21 billion yuan in 2024, reflecting a year-on-year decline of 52.6% [4] - The earnings per share (EPS) is forecasted to decrease from 1.19 yuan in 2023 to 0.57 yuan in 2024 [4] - The price-to-earnings (P/E) ratio is projected to be 13.2x for 2024, increasing to 17.5x in 2025 [4] Market Context - The company is positioned as a leading player in the coking coal industry, with a focus on expanding its resource base and improving operational efficiency [2] - The report suggests that the market dynamics for coking coal may shift from a weak reality to a strong expectation, potentially leading to price increases in the near future [2]

Investment Rating - The report maintains a "Recommended" rating for Shanxi Coking Coal [3][5]. Core Views - The company is expected to see a significant decline in net profit for 2024, with estimates ranging from approximately 2.851 billion to 3.380 billion yuan, representing a year-on-year decrease of 50.08% to 57.9% [1]. - The decline in performance is attributed to a decrease in both sales volume and average selling price of coal products, alongside increased costs due to changes in geological conditions at some mines [1]. - The company has successfully acquired exploration rights for coal and associated bauxite in the Xing County block, which is expected to benefit long-term development [2]. - The company has maintained a high dividend payout ratio since 2021, with cash dividend payout rates of 78.67%, 63.54%, and 67.07% from 2021 to 2023, indicating strong investment value [2]. Summary by Sections Financial Performance - For 2024, the expected operating revenue is 48.622 billion yuan, a decrease of 12.4% from 2023, while net profit attributable to shareholders is projected at 3.374 billion yuan, down 50.2% [4][9]. - The earnings per share (EPS) for 2024 is estimated at 0.39 yuan, with a price-to-earnings (PE) ratio of 19 [4][10]. Future Projections - The projected net profits for 2025 and 2026 are 2.231 billion yuan and 2.518 billion yuan, respectively, with corresponding EPS of 0.44 yuan for 2026 [3][4]. - The report anticipates a gradual recovery in performance, with a slight increase in revenue and net profit in 2026 compared to 2025 [4][10]. Market Position and Strategy - The acquisition of the Xing County exploration rights is expected to enhance the company's competitive advantage and market share, leveraging existing mining experience and infrastructure [2]. - The company’s strategy includes maintaining a high dividend payout, which is attractive for income-focused investors [2].

Investment Rating - The investment rating for Shanxi Coking Coal (000983.SZ) is "Buy" (maintained) [1] Core Views - The report highlights that both coal volume and price have declined, negatively impacting performance. Attention is drawn to the growth potential of coal mines and high dividend payouts [1][5] - The company is expected to achieve a net profit attributable to shareholders of 2.85 to 3.38 billion yuan in 2024, representing a year-on-year decline of 50.1% to 57.9% [1] - The report anticipates a gradual stabilization of coking coal prices in 2025 due to economic policies and limited production increases [5] Summary by Sections Financial Performance - The company forecasts a net profit of 3.15 billion yuan for 2024, down 53.5% year-on-year, with an expected EPS of 0.55 yuan [1][7] - Revenue is projected to decline from 55.52 billion yuan in 2023 to 43.48 billion yuan in 2024, a decrease of 21.7% [7] Coal Business Outlook - In 2024, coal production is expected to be affected by the shutdown of several mines, with a total impact of approximately 1.65 million tons, which is 3.4% of the company's approved capacity [5] - The report notes that the company has acquired exploration rights for a new coal mine with a planned capacity of 8 million tons per year, which could enhance production in the future [6] Dividend Policy - The company distributed a cash dividend of 0.8 yuan per share in 2023, with a payout ratio of 67.1%, indicating a commitment to returning value to shareholders [6] - Assuming the dividend payout ratio remains the same in 2024, the expected dividend yield could reach 5% based on the current stock price [6]

山西焦煤能源集团股份有限公司 证券代码：000983 证券简称：山西焦煤 公告编号：2025-004 关于所属华晋焦煤有限责任公司沙曲一号煤矿 停产的公告 山西焦煤能源集团股份有限公司董事会 2025 年 1 月 24 日 山西焦煤能源集团股份有限公司（以下简称"公司"）所属华晋 焦煤有限责任公司（以下简称"华晋焦煤"）沙曲一号煤矿于 2025 年 1 月 23 日发生一起安全生产事故，造成一人遇难。目前沙曲一号煤 矿已经停产，相关政府部门正在进行事故调查认定。 二、对公司的影响及说明 华晋焦煤是公司持股 51%的子公司，所属沙曲一号煤矿年核定产 能 450 万吨，占公司核定总产能的 9.20%。事故发生后，华晋焦煤开 展工作面安装拆除及大型设备运输等工作关键环节的风险辨识和隐 患排查治理；强化各级管理人员跟带班和现场办公管理，加大对现场 作业和非常规作业的监督检查力度；加强职工安全警示教育，提升作 业人员风险辨识能力、应急处置能力和自保互保技能，防范和遏制同 类事故再次发生。 公司将充分关注后续进展并及时履行信息披露义务，敬请广大投 资者注意投资风险。 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 ...

Core Viewpoint - Shanxi Coking Coal (000983) reported a safety production accident at its subsidiary Huajin Coking Coal's Shaqu No. 1 coal mine, resulting in one fatality. The mine has been suspended, and government authorities are conducting an investigation [1] Company Summary - Huajin Coking Coal is a subsidiary of Shanxi Coking Coal, in which the company holds a 51% stake [1] - The Shaqu No. 1 coal mine has an annual approved production capacity of 4.5 million tons, accounting for 9.20% of the company's total approved production capacity [1]

Financial Performance Projections - The estimated net profit attributable to shareholders for 2024 is projected to be between 285,075,000 and 338,027,000 CNY, representing a decline of 50.08% to 57.90% compared to the previous year's profit of 677,137,000 CNY [2]. - The net profit after deducting non-recurring gains and losses is expected to be between 275,238,000 and 328,190,000 CNY, down by 51.86% to 59.63% from last year's figure of 681,732,000 CNY [2]. - Basic earnings per share are forecasted to be between 0.5021 CNY and 0.5954 CNY, compared to 1.2282 CNY in the previous year [2]. Factors Affecting Performance - The decline in performance is attributed to decreased sales volume and average selling price of coal products due to a pressured safety production environment and a slowdown in market demand [5]. - Increased costs due to changes in geological conditions at some mines have also negatively impacted the company's performance for the year [5]. Financial Reporting Status - The financial data presented is preliminary and has not been audited by the annual auditing firm, with final figures to be disclosed in the 2024 annual report [6].

好的 谢谢会议助理各位投资者大家上午好非常感谢各位投资者在今天上午抽出时间来参加我们组织的六年长逢七年本期的一个系列电话会议当中的三星招媒的这个专场我是投身评卷的金灵然后呢今天上午我们有着非常荣幸的邀请到这个三星招媒的岳父然后就公司 这个月不能这边能听清楚吗?听得清楚哎哎好的月不那个就是因为可能就是这个到了这个年报这个可能正在 这个制作的这个时间点啊这个我们反正就感觉这个能够聊的啊跟跟跟现场的各位投资者来做一个分享因为就是可能现在大家就是最感兴趣的一个问题或者最关注的一个问题啊就是这个今年的这个一季度的这个承接啊最终签订的这个情况就是怎么样看这个能不能帮忙介绍一下行了谢谢大家 呃介绍一下这个大家关注的这个问题吧有一季度的长鞋前一段时间大家都比较关注也一直在问呃这两天呢就是过了元旦以后假期过了以后呃通过这个二加四加四那个会议啊最后最后定下来定下来之后呃这个品牌品牌集群呢交媒的长鞋价格 具体到公司的分媒种是这样的就是胶晶媒就是咱们的主胶媒普渡是108到140的水平像打曲矿就是下调的180极曲矿是下调的150左右水域矿也是主胶媒它的下调是140 然后肥筋酶呢肥筋酶呢肥筋酶呢肥筋酶呢肥筋酶呢肥筋酶呢肥筋酶呢肥筋酶呢肥 ...

证券代码：000983 证券简称：山西焦煤 公告编号：2025-002 债券代码：149765.SZ 债券简称：22 焦能 01 2 根据中国证券登记结算有限责任公司深圳分公司提供的数据， "22焦能01"本次回售登记期有效回售申报数量为2,130,000张，回 售金额为213,000,000.00元（不含利息）。 本公司决定于2025年1月7日至2025年2月11按照相关规定办理回 售债券的转售，本期债券回售转售将通过深交所交易终端"回售转售" 栏目完成债券转售业务申报，拟转售债券数量不超过2,130,000张。 发行人承诺本次转售符合相关规定、约定以及承诺的要求，转售完成 后将注销剩余未转售债券。 1 山西焦煤能源集团股份有限公司 关于"22 焦能 01"债券持有人回售结果的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假 记载、误导性陈述或者重大遗漏。 根据《山西焦煤能源集团股份有限公司2022年面向专业投资者公 开发行公司债券(第一期)募集说明书》（以下简称：《募集说明书》） 的约定，"22焦能01"债券持有人有权选择在投资者回售登记期内 (本页无正文,为《山西焦煤能源集团股份 ...