证券代码：002128 证券简称：电投能源 公告编号：2025033 内蒙古电投能源股份有限公司 2025年第六次临时董事会决议公告 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。 一、董事会会议召开情况 （一）内蒙古电投能源股份有限公司（简称"公司"）分别于 2025 年 6 月 21 日、2025 年 6 月 23 日和 2025 年 6 月 24 日以电子邮 件等形式发出 2025 年第六次临时董事会会议通知及其补充通知。 （二）会议于 2025 年 6 月 25 日以现场+视频会议方式召开。现 场会议地点为呼和浩特市。 （三）董事会会议应出席董事 10 人，实际出席会议并表决董事 10 人（其中：以视频方式出席会议董事 7 人，分别为胡春艳、应宇 翔、李宏飞董事和韩放、陈天翔、陶杨、李明独立董事；现场出席会 议董事 3 人）。 （四）会议主持人：董事长、党委书记王伟光。 列席人员：公司部分监事、高级管理人员、董事会秘书。 （五）本次会议的召开符合法律、行政法规、部门规章和《公司 章程》等规定。 二、董事会会议审议情况 （一）关于公司 2025 年对外捐 ...

Core Viewpoint - The recent trend of mergers and acquisitions (M&A) led by central state-owned enterprises (SOEs) is characterized by large scale and rapid execution, with a total of 16 significant M&A cases disclosed as of June 23, 2025 [2][3] Group 1: M&A Activity - Electric Power Investment Energy plans to acquire 100% equity of Baiyinhua Coal Power, while Xiamen Port intends to acquire 70% equity of Container Terminal Group [2] - The integration of resources by leading central SOEs is expected to enhance their valuation and market expectations for quality asset re-evaluation [2][3] - The acceleration of industrial consolidation is evident, with major SOEs like State Power Investment Group and China Huadian Group actively disclosing significant asset restructuring plans [4] Group 2: Strategic Focus - The focus of M&A activities is shifting towards "hard technology," with central SOEs targeting sectors such as semiconductors, artificial intelligence, new energy, biomedicine, and high-end equipment [5] - Companies like BGI Genomics are pursuing acquisitions to strengthen their position in the electronic design automation (EDA) industry, indicating a strategic move towards enhancing core technology capabilities [5] - Specialized integration efforts are being made by firms like Lanke High-tech to improve their overall solution capabilities in the energy equipment sector, thereby increasing their competitive advantage [5]

Investment Rating - The industry investment rating is "Maintain Overweight" [4] Core Viewpoints - The current coal price adjustment has been ongoing for nearly four years since the historical peak in Q4 2021, with prices generally returning to levels before the recent uptrend. The market is well aware of the price decline, indicating that the bottom may be near. It is essential to understand the industry's fundamental attributes and maintain confidence and determination [3] - The report highlights that domestic coal companies are increasingly facing losses, with over half (54.8%) of coal enterprises reporting losses as of March 2025. This situation may lead to a higher probability of production cuts as prices continue to decline [3] - The report recommends key coal enterprises such as China Shenhua (H+A), China Coal Energy (H+A), and others, emphasizing that performance-driven stocks will outperform [3][7] Summary by Sections Coal Mining - In May 2025, India's coal imports rebounded, primarily supported by coking coal imports, with total imports reaching 25.82 million tons, a year-on-year increase of 3.72% and a month-on-month increase of 15.28%, marking the highest level since July 2022 [6][2] - The report notes that the coking coal market remains relatively stable, particularly for high-quality hard coking coal, due to tightening supply from Australia [6] - The performance of the electricity, steel, and cement sectors shows significant divergence, with electricity generation from coal declining by 9.5% year-on-year, while crude steel production increased by 9.5% due to infrastructure development [6] Key Stocks - Recommended stocks include: - China Shenhua (601088.SH) - Buy - Shaanxi Coal and Chemical Industry (601225.SH) - Buy - China Qinfa (00866.HK) - Buy - China Coal Energy (601898.SH) - Buy - Electric Power Investment Energy (002128.SZ) - Buy - Jinneng Holding (601001.SH) - Buy - Yanzhou Coal Mining (600188.SH) - Buy - Xinjie Energy (601918.SH) - Buy [7] Price Trends - As of June 20, 2025, Newcastle coal prices (6000K) are at $218.90 per ton, unchanged from the previous week, while IPE South African Richards Bay coal futures settled at $91.35 per ton, up by $0.10 per ton [35] - The report indicates that coal prices in Europe ARA ports remain stable at $89.00 per ton, with no change from the previous week [35]

月19日披露的《内蒙古电投能源股份有限公司发行股份及支付现金购 买资产并募集配套资金暨关联交易预案》（以下简称"本次交易预案" ）及其摘要中已对本次交易涉及的有关风险因素及尚需履行的审批程 序进行了详细说明，提请广大投资者注意投资风险。 重要风险提示： 司尚未发现可能导致本次交易中止或者对本次交易方案作出实质性变 更的相关事项，本次交易工作正在有序进行中。 一、本次交易的情况 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，并将视具体情况募集配套资金（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。 二、本次交易的历史披露情况 证券代码：002128 证券简称：电投能源 公告编号：2025032 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。 过了《关于 <内蒙古电投能源股份有限公司发行股份及支付现金购买资> 产并募集配套资金暨关联交易预案>及其摘要的议案》等相关议案，具 体内容详见公司于2025年5月19日披露的《内蒙古电投能源股份有限公 司发行股份及支付现金购买资产并募集配套资 ...

一、本次交易的情况 证券代码：002128 证券简称：电投能源 公告编号：2025032 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。 重要风险提示： 1、内蒙古电投能源股份有限公司（以下简称"公司"）于2025年5 月19日披露的《内蒙古电投能源股份有限公司发行股份及支付现金购 买资产并募集配套资金暨关联交易预案》（以下简称"本次交易预案" ）及其摘要中已对本次交易涉及的有关风险因素及尚需履行的审批程 序进行了详细说明，提请广大投资者注意投资风险。 2、截至本公告披露之日，除本次交易预案披露的风险因素外，公 司尚未发现可能导致本次交易中止或者对本次交易方案作出实质性变 更的相关事项，本次交易工作正在有序进行中。 本次交易尚需公司董事会再次审议通过后提交公司股东大会审议， 并经相关监管机构批准后方可正式实施，能否通过审批尚存在一定不 确定性。公司于2025年5月19日披露的《内蒙古电投能源股份有限公司 2 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，并将视具体情况募集配套资金（以下简 称"本次交易"）。本次交易预计 ...

Investment Strategy - Oil prices are expected to remain high due to limited supply and escalating geopolitical conflicts, particularly the recent Israel-Iran conflict which has led to a significant increase in oil prices [11][28][29] - Global oil and gas capital expenditures have been declining since 2015, with a notable reduction of nearly 122% from 2014 levels, leading to cautious investment from major oil companies [9][28] - The active rig count in the US remains low, which will slow down the release of oil and gas production capacity in the short term [9][28] Oil Market - Brent crude oil spot price increased to $70.96 per barrel, up 5.16% week-on-week, while WTI crude oil spot price rose to $67.89 per barrel, up 7.17% [11][30] - The geopolitical tensions, particularly the conflict involving Iran, pose a risk of supply disruptions, especially through the Strait of Hormuz, which is critical for global oil transport [11][29] Coal Market - The average market price for Qinhuangdao port thermal coal (Q5500) is reported at 609 RMB per ton, showing a slight decrease of 0.04% week-on-week, indicating weak terminal demand [12][13] - The overall coal market is under pressure due to weak demand from the cement and non-electric industries, with procurement activities remaining slow [12][13] Coking Coal Market - Coking coal prices have decreased, with the price for Jizhou coking coal reported at 1,310 RMB per ton, down 4.96% week-on-week, leading to increased losses for coking enterprises [14][15] - The supply of coking coal remains relatively ample, but demand from downstream steel mills is weak, contributing to a bearish market outlook [14][15] Natural Gas Market - Russia's natural gas exports to China are expected to increase by 7 billion cubic meters by 2025, driven by pipeline expansions [16] - The average price of NYMEX natural gas decreased to $3.55 per million British thermal units, down 4.7% week-on-week, while European gas prices have shown an upward trend [16][17] Oilfield Services - The oilfield services sector is experiencing a recovery due to increased capital expenditures driven by high oil prices and supportive government policies aimed at boosting oil and gas production [18][19] - The global active rig count decreased to 1,576 units, indicating a slight contraction in drilling activities, particularly in the Middle East [19]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002128 证券简称：电投能源 公告编号：2025031 内蒙古电投能源股份有限公司 关于召开公司2025年第三次临时股东大会通知 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、召开会议的基本情况 （一）股东大会届次：2025年第三次临时股东大会 （二）股东大会的召集人：内蒙古电投能源股份有限公司（以下简称"公司"）2025年第五次临时董事会 决定召开公司2025年第三次临时股东大会。 （三）会议召开的合法、合规性：本次股东大会的召开符合法律法规、深圳证券交易所业务规则和公司 章程等规定。 （四）会议召开的时间 1.现场会议召开时间：2025年6月26日（周四）14:00 2.互联网投票系统投票时间：2025年6月26日（周四）9:15一15:00 3.交易系统投票时间：2025年6月26日（周四）9:15一9:25,9:30一11:30和13:00一15:00 （五）会议召开方式：现场表决与网络投票相结合 （六）会议的股权登记日：2025年6月20日（周五） 1.本次股东大会提案名称及编码表 ...

证券代码：002128 证券简称：电投能源 公告编号：2025031 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、召开会议的基本情况 （一）股东大会届次：2025年第三次临时股东大会 （二）股东大会的召集人：内蒙古电投能源股份有限公司（以下简称"公 司"）2025年第五次临时董事会决定召开公司2025年第三次临时股东大会。 （三）会议召开的合法、合规性：本次股东大会的召开符合法律法规、深 圳证券交易所业务规则和公司章程等规定。 （四）会议召开的时间 （七）出席对象： 1.在股权登记日持有公司股份的普通股股东或其代理人； 1.现场会议召开时间：2025年6月26日（周四）14:00 2.互联网投票系统投票时间：2025年6月26日（周四）9:15—15:00 3.交易系统投票时间：2025年6月26日（周四）9:15—9:25,9:30—11:30和 13:00—15:00 （五）会议召开方式：现场表决与网络投票相结合 （六）会议的股权登记日：2025年6月20日（周五） 于股权登记日下午收市时在结算公司登记在册的公司全体普通股股东均有 权出席股东大会， ...

证券代码：002128 证券简称：电投能源 公告编号：2025030 内蒙古电投能源股份有限公司 2025年第五次临时董事会决议公告 （三）董事会会议应出席董事 10 人，实际以通讯表决方式出席 会议董事 10 人。 列席人员：公司部分高级管理人员、董事会秘书。 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 （一）内蒙古电投能源股份有限公司（简称"公司"）于 2025 年 6 月 5 日以电子邮件等形式发出 2025 年第五次临时董事会会议通 知。 （二）会议于 2025 年 6 月 9 日以通讯方式召开。 （四）会议召集人：董事长、党委书记王伟光。 （五）本次会议的召开符合法律、行政法规、部门规章和《公司 章程》等规定。 二、董事会会议审议情况 （一）关于补选公司第八届董事会非独立董事的议案； 根据《公司章程》有关规定，公司董事会由 12 名董事组成，现 有董事 10 名，应补选董事会成员。董事会推荐李岗同志为公司第八 届董事会董事候选人，任期自股东大会审议通过之日起至第八届董事 - 1 - 会届满时止（简历附后）。董事会其余董事席 ...

Investment Rating - The report maintains a recommendation for the energy sector, indicating a positive outlook despite geopolitical risks and supply concerns [1]. Core Insights - Oil prices have increased due to supply disruptions caused by wildfires in Canada, which have shut down approximately 350,000 barrels per day of heavy crude oil production, representing about 7% of the country's oil output [11]. - The report highlights that geopolitical events, such as the Israel-Palestine conflict and the Russia-Ukraine situation, continue to support oil prices [11]. - The Brent crude oil price reached $67.47 per barrel, up 4.35% week-on-week, while WTI crude oil price was $63.35 per barrel, up 3.53% week-on-week [11]. - The report suggests that the demand for oil is expected to improve as tariff negotiations progress, which may alleviate investor concerns about demand [11]. Summary by Sections 1. Investment Strategy - **Crude Oil**: Global oil and gas capital expenditures have declined significantly since the Paris Agreement in 2015, with a notable drop of nearly 122% from 2014 highs. This has led to cautious capital spending among major oil companies, limiting supply recovery in the short term [9][32]. - **Coal**: The report notes stable coal prices at ports, with the average price of Qinhuangdao port coal (Q5500) at 609.25 RMB per ton, down 0.29% week-on-week. The overall coal supply remains sufficient despite some production cuts [12][13]. - **Coke**: The report indicates that coke prices have remained stable, with a price of 1410 RMB per ton. However, demand from downstream steel mills is weak, leading to expectations of further price reductions [14][15]. - **Natural Gas**: The EU plans to ban Russian natural gas imports by the end of 2027, which has faced opposition from France and Belgium. The average price of NYMEX natural gas increased by 9.5% to $3.72 per million British thermal units [16][17]. - **Oil Services**: The oil service sector is expected to see a recovery in activity due to increased capital expenditures driven by high oil prices and supportive policies [18][19]. 2. Major Energy Price Changes - The Huachuang Chemical Industry Index is reported at 76.13, down 2.11% week-on-week and down 24.46% year-on-year. The industry price percentile is at 20.34%, indicating a significant decline [20][22]. - The report summarizes that the largest price increases were seen in U.S. natural gas (+9.5%) and Brent crude oil (+4.3%), while the largest declines were in port coke (-3.4%) and Shanxi coke (-2.9%) [28][30].