Core Viewpoint - The stock price of Electric Power Investment Energy has increased by 49.36% this year, indicating strong market performance and investor interest [2]. Group 1: Stock Performance - As of December 23, the stock price rose by 2.04% to 28.05 CNY per share, with a total market capitalization of 62.876 billion CNY [1]. - The stock has shown significant gains over various time frames: 5.06% in the last 5 trading days, 6.33% in the last 20 days, and 25.84% in the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, the company achieved a revenue of 22.403 billion CNY, reflecting a year-on-year growth of 2.72%. However, the net profit attributable to shareholders decreased by 6.40% to 4.118 billion CNY [2]. - The company has distributed a total of 11.815 billion CNY in dividends since its A-share listing, with 4.550 billion CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 11.29% to 27,100, while the average number of circulating shares per person increased by 12.72% to 82,831 shares [2]. - Hong Kong Central Clearing Limited is the fifth-largest circulating shareholder, holding 47.2447 million shares, an increase of 18.5055 million shares from the previous period [3].

格隆汇12月23日丨电投能源(002128.SZ)在投资者互动平台表示，扎铝二期项目首批电解槽在12月20日 成功通电。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：栎树 ...

Investment Rating - The industry investment rating is "Positive" and maintained [8] Core Viewpoints - Recent coal prices have been declining, raising concerns about future price trends. The supply side is expected to remain tight due to year-end production cuts and the imposition of export taxes by Indonesia, while demand may improve with the new year's long-term contracts and seasonal increases in consumption [2][7] - The coal price is anticipated to stabilize and recover in the short term due to supply constraints and seasonal demand increases, suggesting a favorable investment opportunity in the coal sector [6][7] Summary by Sections Market Performance - The coal index (Yangtze) increased by 0.36%, outperforming the CSI 300 index by 0.64 percentage points, ranking 19th out of 32 industries [6][22] - As of December 19, the market price for Qinhuangdao thermal coal was 703 CNY/ton, down 42 CNY/ton week-on-week, while the price for coking coal at Jingtang Port was 1740 CNY/ton, up 110 CNY/ton week-on-week [6][16] Supply and Demand Analysis - As of December 18, the daily coal consumption across 25 provinces was 580.2 million tons, a decrease of 2.0% week-on-week and 9.8% year-on-year. The inventory at power plants was 134 million tons, with a usable days count of 23.2 days, an increase of 0.3 days week-on-week [17][36] - The supply side is influenced by production cuts at coal mines and the impact of export taxes from Indonesia, which could tighten supply further [7][17] Price Trends - The price of thermal coal has seen a significant decline, with a monthly drop of 105 CNY/ton (-13%), nearly erasing gains from October [7][43] - The report suggests that while coal prices are currently under pressure, improvements in supply and demand dynamics could provide a floor for prices in the near term [6][7] Investment Recommendations - The report recommends focusing on coal sector investments, particularly as the first quarter is typically a period of increased insurance capital inflow, which may enhance the attractiveness of coal stocks [7][12]

Investment Rating - The industry investment rating is "Buy" for several companies including China Coal Energy, China Shenhua, and Jinneng Holding Coal Industry [3][8]. Core Viewpoints - Australia's electricity demand is projected to double by 2050, necessitating a twofold increase in coal power capacity to ensure supply during the transition period. Total electricity demand is expected to rise from 205 billion kWh to 389 billion kWh by the fiscal year 2049-50, with significant contributions from high-energy industries such as industrial electrification and data centers [2][3]. - Current coal power capacity in Australia has decreased from approximately 30,000 MW to about 21,000 MW, with aging units averaging over 40 years of operation. Non-scheduled outages are expected to reach 7% of total operating time from 2027 to 2035, indicating a critical need for coal power to maintain grid stability during the transition to renewable energy [3][8]. Summary by Sections Industry Overview - The report highlights a significant decline in Australia's coal power capacity and the urgent need for expansion to meet future electricity demands. The transition to renewable energy sources is progressing but faces substantial gaps in implementation [2][3][8]. Key Companies - Recommended companies include: - Yancoal Australia (Buy) - Jinneng Holding Coal Industry (Buy) - China Coal Energy (Buy) - China Shenhua (Buy) - Shaanxi Coal and Chemical Industry (Buy) - Huainan Mining (Buy) - China Qinfa (Buy) [3][8]. Price Trends - Coal prices have shown mixed trends, with Newcastle coal prices at $105 per ton, down by $2.75 per ton (-2.55%), while European ARA coal prices increased slightly to $96.21 per ton, up by $0.64 per ton (+0.67%) [1][3][36].

Core Viewpoint - The stock of Electric Power Investment Energy has shown a significant increase in price and trading activity, indicating positive market sentiment and potential growth opportunities for the company [1][2]. Group 1: Stock Performance - As of December 22, Electric Power Investment Energy's stock price rose by 2.02% to 27.82 CNY per share, with a total market capitalization of 62.36 billion CNY [1]. - The stock has increased by 48.14% year-to-date, with a 0.61% rise over the last five trading days, 6.55% over the last 20 days, and 25.48% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Electric Power Investment Energy reported a revenue of 22.40 billion CNY, reflecting a year-on-year growth of 2.72%, while the net profit attributable to shareholders decreased by 6.40% to 4.12 billion CNY [2]. - The company has distributed a total of 11.81 billion CNY in dividends since its A-share listing, with 4.55 billion CNY distributed over the last three years [3]. Group 3: Shareholder Information - As of September 30, 2025, the number of shareholders for Electric Power Investment Energy decreased by 11.29% to 27,100, while the average number of circulating shares per person increased by 12.72% to 82,831 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 47.24 million shares, an increase of 18.51 million shares compared to the previous period [3]. Group 4: Business Overview - Electric Power Investment Energy, established on December 18, 2001, and listed on April 18, 2007, is primarily engaged in the production, processing, and sales of coal products, thermal power, and electrolytic aluminum [1]. - The company's revenue composition includes aluminum products (55.11%), coal products (30.29%), power products (13.02%), and others (1.59%) [1].

证券日报网讯12月19日，电投能源（002128）在互动平台回答投资者提问时表示，公司及各方正在积极 推进相关工作。详细信息请关注公司在法定平台披露的相关公告。 ...

（文章来源：证券日报） 证券日报网讯 12月18日晚间，电投能源发布公告称，公司2025年第六次临时股东会审议通过《关于本 次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符合相关法律、法规规定的议案》等多项议 案。 ...

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 年第六次临时股东会 的法律意见书 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 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》"）《律师事务所证券法律业务执业规则（试行）》等法律、法规和规范性 文件及《内蒙古电投能源股份有限公司章程》（以下简称"《公司章程》"），就 公司本次股东会的召集、召开程序、出席会议人员的资格、召集人资格、提案审 议情况、表决程序、表决结果等合法性进行审核和见证并出具法律意见书。 对本法律意见书的出具，本所律师特做出如下声明： 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 ...

证券代码：002128 证券简称：电投能源 公告编号：2025091 内蒙古电投能源股份有限公司 2025年第六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 18 日（周四）14:00 互联网投票系统投票时间：2025 年 12 月 18 日（周四）9:15— 15:00 交易系统投票时间：2025 年 12 月 18 日（周四）9:15—9:25,9:30 —11:30 和 13:00—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:独立董事陈天翔（经半数以上董事推荐） 1 6.出席情况： 通过现场和网络投票的股东 193 人，代表股份 1,680,996,420 股， 占公司有表决权股份总数的 74.9918%。 ...

证券日报网讯 12月17日，电投能源在互动平台回答投资者提问时表示，关于未来几年的分红情况，请 详见公司近期发布的相关公告《内蒙古电投能源股份有限公司未来三年股东分红回报规划（2025 年-2027年）》。 （文章来源：证券日报） ...