中信证券股份有限公司 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相关主体 买卖股票情况的自查报告的专项核查意见 根据《上市公司重大资产重组管理办法》《公开发行证券的公司信息披露内容与 格式准则第26号——上市公司重大资产重组》及《监管规则适用指引——上市类第1 号》等文件的规定，中信证券股份有限公司（以下简称"中信证券"或"独立财务顾 问"）作为内蒙古电投能源股份有限公司（以下简称"电投能源"或"上市公司"） 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（以下简称"本次交易"或 "本次重组"）的独立财务顾问，对电投能源本次重组相关内幕信息知情人买卖股票 的情况进行了核查，根据中国证券登记结算有限责任公司出具的《信息披露义务人持 股及股份变更查询证明》及《股东股份变更明细清单》，核查范围内相关内幕信息知 情人出具的自查报告，存在买卖情形的相关机构和人员出具的说明与承诺，以及本独 立财务顾问经办人员对部分内幕信息知情人的访谈，并考虑到本次核查手段存在一定 客观限制，在相关内幕信息知情人出具的自查报告及相关说明与承诺真实、准确、完 整的前提下，发表核查意见如下： 一、本 ...

证券代码：002128 证券简称：电投能源 公告编号：2025087 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。 重要内容及风险提示： 根据中国证券登记结算有限责任公司出具的查询结果，经公司自 查、相关中介机构核查，相关主体在核查期间买卖上市公司股票的行 为不构成内幕交易行为，不会对本次重组构成实质性法律障碍。 在本次交易过程中上市公司已经采取了严格的保密措施，尽可能 缩小内幕信息知情人员范围，减少内幕消息传播，但仍无法排除本次 交易存在因涉嫌内幕交易导致本次交易被暂停、中止或取消的风险。 提请广大投资者注意相关风险。 根据《上市公司重大资产重组管理办法》《公开发行证券的公司 信息披露内容与格式准则第26号——上市公司重大资产重组》及《监 管规则适用指引——上市类第1号》等文件的规定，内蒙古电投能源股 份有限公司（以下简称"公司"或"电投能源"）对发行股份及支付 现金购买资产并募集配套资金暨关联交易（以下简称"本次交易"或 "本次重组"）相关内幕信息知情人买卖股票的情况进行了核查。中 信证券股份有限公司（以下简称"中信证券"或"独立财务顾问"） 1 作为本 ...

股票代码：002128 股票简称：电投能源 上市地：深圳证券交易所 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 二〇二五年十二月 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报告书（草案） 声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 并募集配套资金暨关联交易报告书 （草案）（修订稿） | 交易对方类型 | 交易对方名称 | | --- | --- | | 发行股份及支付现金购买资产 | 国家电投集团内蒙古能源有限公司 | | 募集配套资金 | 不超过 35 名符合条件的特定对象 | 独立财务顾问 整体规划服务顾问 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报告书（草案） 本次重组完成后，本公司经营与收益的变化，由本公司自行负责；因本次 重组引致的投资风险，由投资者自行负责。投资者若对本报告书及其摘要存在 任何疑问，应咨询自己的股票经纪人、律师、专业会计师或其他专业顾问。 二、交易对方声明 一、公司声明 本公司及全体董事、高级管理人员保证本报告书及其摘要内容的真实、准 确、完整，不存在虚假记载、误导性 ...

Core Viewpoint - The coal market is expected to stabilize and recover in price due to seasonal demand increases and supply constraints as the year-end safety inspections become stricter [1][2]. Group 1: Market Overview - In October, electricity consumption exceeded expectations with a growth of 10.4%, while non-electric demand remained weak, leading to a 9.7% year-on-year decline in coal imports [1]. - Domestic coal prices saw fluctuations in November, with a rise followed by a decline, while long-term contract prices were adjusted upwards [1]. - International coal prices, particularly for Australian thermal and coking coal, continued to rise in November [2]. Group 2: Supply and Demand Dynamics - Domestic coal production decreased by 2.3% year-on-year in October, and coal imports fell by 12.0% in November [1]. - The global seaborne coal loading volume dropped by 3.6% year-on-year in the first ten months, but demand from emerging markets remained strong [1]. - Seasonal demand is expected to increase from December to January, supporting coal prices as supply remains relatively low due to stricter safety regulations [2]. Group 3: Key Companies - Companies with stable earnings and dividends include China Shenhua (601008.SH), Shaanxi Coal and Chemical Industry (601225.SH), and China Coal Energy (601898.SH) [3]. - Companies likely to benefit from improved demand expectations and supply reductions include Shanxi Coking Coal (000983.SZ) and Lu'an Environmental Energy (601699.SH) [3]. - Companies with notable long-term growth potential include Baofeng Energy (600989.SH) and China Qinfa (00866) [3].

（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：公司采购氧化铝和销售铝锭，均通过集团公司平台。 是否还有参与期货交易？委托集团公司平台，每年大约产生多少费用？ 电投能源（002128.SZ）12月11日在投资者互动平台表示，我公司与集团公司的铝业国贸之间仅有现货 交易，未参与期货交易，现货购销属于正常的市场化交易，正常开发票结算。 ...

Group 1 - The company, Electric Investment Energy (002128.SZ), has stated that it has not yet engaged in trading aluminum futures [1]

Group 1 - The company, Electric Investment Energy (002128.SZ), has stated that it has not yet engaged in trading aluminum futures [1]

Group 1: Oil Market Insights - The report indicates that the oil price is expected to trend downward, with Brent crude oil potentially averaging around $52 per barrel in 2026 due to OPEC+ production increases and geopolitical tensions providing temporary support [3][16][20] - In 2025, Brent and WTI crude oil prices averaged $63.8 and $59.0 per barrel, reflecting year-on-year declines of 16.8% and 19.3% respectively, driven by oversupply and geopolitical uncertainties [13][16] - OPEC+ is expected to continue releasing production capacity, with a forecasted increase in global oil supply of approximately 1.3 million barrels per day in 2026, while demand growth is projected to be around 1.1 million barrels per day [20][24][29] Group 2: Natural Gas Market Insights - The report highlights that global LNG supply is expected to become more abundant in 2026, with significant projects from the US, Qatar, and Canada coming online, leading to a potential decrease in LNG prices in Asia and Europe [3][9][20] - The report anticipates that US natural gas prices may rise due to increased demand from liquefaction facilities, while European gas prices could decline as the region adjusts its import structure [3][20] - Seasonal weather patterns, including a potential cold snap in late 2025, may drive up natural gas prices temporarily, particularly in Europe [3][20] Group 3: Coal Market Insights - The coal market is expected to experience a tightening supply situation in the second half of 2025, with domestic production constraints and inventory reductions leading to a price rebound [3][20] - The report forecasts that the reasonable price level for thermal coal at Qinhuangdao Port will be around 750 RMB per ton in 2026, while coking coal prices are expected to range between 1600-1800 RMB per ton [3][20] - Demand for thermal coal is projected to stabilize as coal-fired power generation reaches its peak, while coking coal demand may see slight increases due to improved steel manufacturing and export needs [3][20] Group 4: Investment Recommendations - The report suggests focusing on resource-leading companies with high dividends and cost advantages in the oil and gas sector, such as China National Petroleum, Sinopec, and CNOOC, as well as diversified urban gas companies like China Gas and Kunlun Energy [8] - In the coal sector, companies with integrated operations in coal, electricity, and chemicals, such as China Coal Energy and China Shenhua Energy, are recommended due to their resilient performance and potential for price recovery [8]

证券代码：002128 证券简称：电投能源 公告编号：2025080 内蒙古电投能源股份有限公司 关于延期召开 2025 年第六次临时股东会的补充通知 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。 重要内容提示： 内蒙古电投能源股份有限公司（以下简称"公司"）2025 年第十三次临 时董事会决定召开公司 2025 年第六次临时股东会，具体内容详见公司于 2025 年 11 月 15 日在巨潮资讯网上披露的《关于召开 2025 年第六次临时股东会 的通知》，本次临时股东会审议公司发行股份及支付现金购买资产并募集配 套资金暨关联交易事项。公司结合实际工作需要，将原定于 2025 年 12 月 15 日的股东会召开日期延期至 2025 年 12 月 18 日。原股东会股权登记日、会 议地点、会议召开方式等均保持不变。延期后的 2025 年第六次临时股东会通 知如下： 一、召开会议的基本情况 1、股东会届次：2025 年第六次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交 易所股票上市规则》《深圳证券交易所上 ...

Investment Strategy - Crude oil supply is limited while demand remains resilient, leading to expectations of fluctuating prices in the future [9][10] - The global oil and gas capital expenditure trend is declining, with a significant reduction of nearly 22% from the 2014 peak to 2021 [9][10] - Major energy companies are cautious with capital expenditures due to long-term low oil prices and increasing decarbonization pressures [9][10] - OPEC+ has announced no further production increases for the next year, indicating limited supply growth [9][10] Crude Oil - Brent crude oil spot price is $64.58 per barrel, up 0.87% week-on-week, while WTI crude oil spot price is $59.33 per barrel, up 1.23% week-on-week [10][32] - The market is responding to geopolitical risks and expectations of interest rate cuts by the Federal Reserve, which have contributed to price fluctuations [10][32] Coal - The average market price for Qinhuangdao port thermal coal (Q5500) is 802.7 yuan per ton, down 3.32% week-on-week, indicating weak demand and rising inventories [11][12] - Total coal inventory at major ports in the Bohai Rim reached 27.61 million tons, up 3.77% week-on-week, while southern ports reported 6.426 million tons, up 2.57% [11][12] - Domestic key power plants reported a daily coal consumption of 4.77 million tons, down 3.44% week-on-week, with coal inventory at 13.01 million tons, up 2.09% [11][12] Coking Coal - Coking coal prices are declining due to weak supply and demand dynamics, with the price of main coking coal at 1,630 yuan per ton, down 2.40% week-on-week [13][14] - Steel mills are showing cautious purchasing behavior due to lower profitability, impacting coking coal demand [13][14] Natural Gas - The EU has reached an agreement to phase out Russian gas imports by 2027, which may impact global gas supply dynamics [15][16] - The average price of NYMEX natural gas is $4.95 per million British thermal units, up 7.7% week-on-week, while European gas prices have decreased [15][16] Oilfield Services - The oilfield services sector is expected to maintain its growth due to government policies supporting energy security and capital expenditures [17][18] - The number of active drilling rigs globally is reported at 1,800, with a slight decrease in the Middle East and Asia-Pacific regions [17][18]