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.本次股东会无否决议案的情形。 2.本次股东会不涉及变更以往股东会已通过的决议。 登录新浪财经APP 搜索【信披】查看更多考评等级 一、会议召开和出席情况 1.召开时间 现场会议召开时间：2025年12月16日（周二）14:30 互联网投票系统投票时间：2025年12月16日（周二）9:15一15:00 交易系统投票时间：2025年12月16日（周二）9:15一9:25,9:30一11:30和13:00一15:00 2.地点:内蒙古自治区通辽市经济技术开发区清沟大街1号内蒙古电投能源股份有限公司办公楼。 3.会议召开方式:现场表决与网络投票相结合的方式 4.会议召集人:公司董事会 5.主持人:董事胡春艳（经半数以上董事推荐） 6.出席情况： 通过现场和网络投票的股东178人，代表股份1,389,045,847股，占公司有表决权股份总数的61.9674%。 其中：通过现场投票的股东2人，代表股份1,258,755,183股，占公司有表决权股份总数的56.1550%。 中小股东出席的总体情况： 通过现场 ...

（文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：请问今年开发建设的新能源，有哪些已经投产？到 2025年末，还有哪些会投产？ 电投能源（002128.SZ）12月17日在投资者互动平台表示，2025年，公司按计划正常推进所属霍林河循 环经济示范工程续建（第六期）20万千瓦时风电项目、通辽循环经济示范工程七期45万千瓦风电项目、 科左中旗防沙治沙和风电光伏一体化工程首批55万千瓦项目、扎鲁特旗防沙治沙和风电光伏一体化工程 首批55万千瓦项目、库伦旗农村能源革命试点县项目（一期工程）5.5万千瓦等项目。具体情况请关注 公司在法定平台披露的相关信息。 ...

12月16日，电投能源发布公告，内蒙古电投能源股份有限公司拟通过发行股份及支付现金方式购买国家 电投集团内蒙古白音华煤电有限公司100%股权，并拟向不超过35名特定对象发行股份募集配套资金。 本次交易预计构成重大资产重组，构成关联交易，不构成重组上市，不构成实际控制人变更。 近日，该公司实际控制人国家电力投资集团有限公司收到国务院国有资产监督管理委员会出具的《关于 内蒙古电投能源股份有限公司资产重组和配套融资有关事项的批复》（国资产权〔2025〕528号），国 务院国有资产监督管理委员会原则同意公司本次资产重组和配套融资的总体方案。本次重组尚需公司股 东会审议、深圳证券交易所审核通过并经中国证券监督管理委员会同意注册及相关法律法规所要求的其 他可能涉及的必要批准、核准、备案或许可。 ...

证券代码：002128 证券简称：电投能源 公告编号：2025090 互联网投票系统投票时间：2025 年 12 月 16 日（周二）9:15— 15:00 交易系统投票时间：2025 年 12 月 16 日（周二）9:15—9:25,9:30 —11:30 和 13:00—15:00 内蒙古电投能源股份有限公司 2025年第七次临时股东会决议公告 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.本次股东会无否决议案的情形。 2.本次股东会不涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1.召开时间 现场会议召开时间：2025 年 12 月 16 日（周二）14:30 2.地点:内蒙古自治区通辽市经济技术开发区清沟大街 1 号内蒙古电 投能源股份有限公司办公楼。 3.会议召开方式:现场表决与网络投票相结合的方式 4.会议召集人:公司董事会 5.主持人:董事胡春艳（经半数以上董事推荐） 6.出席情况： 1 通过现场和网络投票的股东 178 人，代表股份 1,389,045,847 股， 占公司有表决权股份总数的 61.9674%。 其 ...

北京市中咨律师事务所 关于内蒙古电投能源股份有限公司 2025 年第七次临时股东会 的法律意见书 致:内蒙古电投能源股份有限公司 北京市中咨律师事务所（以下简称"本所"）接受内蒙古电投能源股份有限 公司（以下简称"公司"）的委托，指派本所律师王淼律师、袁华律师出席公司 2025 年第七次临时股东会（以下简称"本次股东会"）并对本次股东会的有关 事项依法进行见证。 北京市西城区平安里西大街 26 号 新时代大厦 5-8 层 邮编：100034 电话：+86-10-66091188 传真：+86-10-66091616 网址：http://www.zhongzi.com.cn/ 二〇二五年十二月 法律意见书 北京市中咨律师事务所 关于内蒙古电投能源股份有限公司 2025 年第七次临时股东会的法律意见书 本所依据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民 共和国证券法》（以下简称"《证券法》"）《上市公司股东会规则》《深圳证 券交易所上市公司股东会网络投票实施细则》（以下简称"《网络投票实施细则》"） 《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律业务管理办 法》"）《律师事务所证券 ...

内蒙古电投能源股份有限公司 关于重大资产重组获得国务院国资委批复的公告 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。 内蒙古电投能源股份有限公司（以下简称"公司"）拟通过发行股份 及支付现金方式购买国家电投集团内蒙古白音华煤电有限公司100%股权， 并拟向不超过35 名特定对象发行股份募集配套资金（以下简称"本次交 易"）。本次交易预计构成重大资产重组，构成关联交易，不构成重组上 市，不构成实际控制人变更。 近日，公司实际控制人国家电力投资集团有限公司收到国务院国 有资产监督管理委员会出具的《关于内蒙古电投能源股份有限公司资产 重组和配套融资有关事项的批复》（国资产权〔2025〕528 号），国 务院国有资产监督管理委员会原则同意公司本次资产重组和配套融 资的总体方案。 本次重组尚需公司股东会审议、深圳证券交易所审核通过并经中 国证券监督管理委员会同意注册及相关法律法规所要求的其他可能 涉及的必要批准、核准、备案或许可。本次重组能否取得上述批准或 注册以及取得一系列批准的时间均存在不确定性。公司将根据本次重 组的实际进展情况，严格按照有关法律法规的规定和要求 ...

电投能源公告，公司拟通过发行股份及支付现金方式购买国家电投集团内蒙古白音华煤电有限公司 100%股权，并拟向不超过35名特定对象发行股份募集配套资金。近日，公司实际控制人国家电力投资 集团有限公司收到国务院国有资产监督管理委员会出具的《关于内蒙古电投能源股份有限公司资产重组 和配套融资有关事项的批复》（国资产权〔2025〕528号），国务院国有资产监督管理委员会原则同意 公司本次资产重组和配套融资的总体方案。本次重组尚需公司股东会审议、深圳证券交易所审核通过并 经中国证券监督管理委员会同意注册及相关法律法规所要求的其他可能涉及的必要批准、核准、备案或 许可。 ...

Investment Rating - The report maintains an investment rating of "stronger than the market" for the coal industry, indicating an expected increase in performance relative to the benchmark index [2][13]. Core Insights - The central economic work emphasizes "anti-involution," with limited month-on-month growth in coal imports in November. The Xinjiang railway has seen coal transportation exceed 90 million tons, a year-on-year increase of 6.9% [1]. - November coal imports reached 44.05 million tons, showing a month-on-month increase of 5.6% but a year-on-year decrease of 19.9%. Cumulative imports from January to November totaled 432 million tons, down 12% year-on-year [1]. - The report anticipates that supply-side growth will remain limited, while demand is expected to be relatively stable, potentially shifting from a loose supply-demand situation to a balanced or slightly tight one [1]. Summary by Sections Supply and Demand Dynamics - The report notes that coal prices have accelerated their decline due to weak demand, with Qinhuangdao coal prices at 753 RMB/ton, down 4.8% month-on-month and 5.2% year-on-year [1]. - Average daily coal consumption in power plants across 25 provinces was 5.81 million tons, down 6.8% year-on-year, while average inventory stood at 135.46 million tons, a slight decrease of 0.2% year-on-year [1]. - The report suggests that while coal prices are expected to continue declining, the extent of the decline will be limited due to seasonal demand recovery and ongoing supply-side optimization [1]. Price Trends and Market Outlook - The report indicates that the coal price is likely to experience limited declines in the short term, with a focus on economic recovery and macro policies influencing actual demand release [1]. - The report highlights that the second round of price reductions for coke has been implemented, with a decrease of 50-55 RMB/ton, while the main coking coal prices remain stable [7]. - The report emphasizes the need to monitor the production and profitability of steel mills, as well as the overall demand for coking coal, which may influence future price movements [7]. Investment Recommendations - The report recommends focusing on companies that are expected to benefit from stable dividends, such as China Coal Energy, China Shenhua, and Shaanxi Coal and Chemical Industry [8]. - It also suggests monitoring companies that may benefit from coal capacity reserve policies and intelligent safety upgrades in coal mines, as well as those involved in the Belt and Road Initiative [8].

Investment Rating - The report maintains a "Positive" investment rating for the coal industry [9]. Core Viewpoints - Since late November, thermal coal prices have significantly declined due to abnormal weather, accelerated production resumption, and concerns over potential electricity price reductions in 2026. Despite the recent rapid price drop, the report anticipates an improvement in coal demand in 2026, with limited supply capacity utilization, suggesting a potential increase in the price baseline [2][7]. - The report emphasizes that while coal prices are currently under pressure due to weak demand, factors such as cold weather and snowfall could stabilize and potentially increase prices in the future [6][31]. Summary by Sections Market Performance - The coal index (Yangtze) fell by 3.71%, underperforming the CSI 300 index by 3.63 percentage points, ranking last among all industries [30]. - As of December 12, the market price for thermal coal at Qinhuangdao was 745 RMB/ton, down 40 RMB/ton week-on-week [6][58]. Supply and Demand Outlook - The report outlines that the recent decline in coal prices is attributed to several factors: warmer weather leading to lower electricity consumption, increased coal supply from resumed production, and concerns regarding electricity price negotiations for 2026 [7]. - The demand outlook for 2026 is optimistic, with expectations of stable or slightly positive growth in thermal power generation, despite potential long-term impacts from energy storage technologies [7][8]. - On the supply side, the report notes that while there may be new production capacity in 2026, overall supply growth is expected to remain limited due to ongoing regulatory controls on excessive production [7][8]. Investment Recommendations - The report suggests focusing on companies with a balanced risk-reward profile, recommending stocks such as Yanzhou Coal Mining Company and China Shenhua Energy for their strong fundamentals and dividend potential [7][8]. - It also highlights the potential for higher returns from currently undervalued stocks if demand improves and coal prices rise unexpectedly, suggesting companies like Huayang Co. and Jinkong Coal Industry as potential targets [7][8].

Investment Rating - The investment rating for the coal mining industry is "Positive" [2] Core Viewpoints - The current phase is seen as the beginning of a new upward cycle for the coal economy, with a resonance between fundamentals and policies, making it an opportune time to accumulate coal sector investments [10][11] - The supply-side constraints that have been in place since July remain, suggesting limited downside risk for coal prices, which are expected to stabilize [10][11] - The coal sector is characterized by high profitability, cash flow, return on equity (ROE) of 10-15%, and dividend yields exceeding 5%, indicating strong core asset attributes [10][11] - The coal assets are relatively undervalued, with expectations for overall valuation improvement, supported by high premiums in the primary mining rights market [10][11] - The coal sector is expected to maintain a tight supply-demand balance over the next 3-5 years, with high barriers to entry and strong cash flow characteristics [10][11] Summary by Sections Coal Price Tracking - As of December 13, the market price for Qinhuangdao port thermal coal (Q5500) is 753 CNY/ton, down 38 CNY/ton week-on-week [27] - The international thermal coal offshore price for Newcastle NEWC5500 is 78.0 USD/ton, down 6.0 USD/ton week-on-week [27] - The price for coking coal at Jing Tang port remains stable at 1650 CNY/ton [29] Supply and Demand Tracking - The capacity utilization rate for sample thermal coal mines is 92.5%, an increase of 1.0 percentage point week-on-week [44] - The daily coal consumption in inland provinces has increased by 6.20 thousand tons/day (+1.61%) [45] - The daily coal consumption in coastal provinces has increased by 2.00 thousand tons/day (+1.01%) [45] Inventory Situation - As of December 11, coal inventory in inland provinces has decreased by 11.90 thousand tons week-on-week, while coastal provinces saw a reduction of 71.10 thousand tons [45] - The available days of coal in inland provinces have decreased by 0.50 days week-on-week [45] Key Companies to Watch - Focus on stable operators with solid performance such as China Shenhua, Shaanxi Coal, and China Coal Energy [11] - Pay attention to companies with higher elasticity like Yanzhou Coal, Electric Power Energy, and Guanghui Energy [11] - Consider high-quality metallurgical coal companies such as Huaibei Mining and Lu'an Environmental Energy [11]