证券代码： 002128 证券简称：电投能源 内蒙古电投能源股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------------|---------------------------------|--------------------------------------------------| | | | | | | | 特定对象调研 □分析师会议 | | | □媒体采访 | □业绩说明会 | | 投资者关系活动类别 | □新闻发布会 □路演活动 | | | | □现场参观 | | | | 其他（请文字说明其他活动内容） | | | | 南方基金： | | | | | 潘越、任婧、恽雷、吴冉劼、李文良、卢玉珊、余一鸣 | | 活动参与人员 | 电投能源： | | | | 董事会秘书、发展总监 | 杨德国 | | | 资本部主任 刘学民 | | | | 资本部高级主管 | 宋雪涛 | | 时间 | 2024 年 9 月 13 日 | | | 地点 | 网络方式 | | | 形式 | 网络方式 | | | | 交流问题 | | | | 1.2024Q3 | 公 ...

中国北京建国门外大街 1 号国贸写字楼 2 座 12-14 层 100004 12-14th Floor, China World Office 2, No. 1 Jianguomenwai Avenue, Beijing 100004, China 电话 Tel: +86 10 6563 7181 传真 Fax: +86 10 6569 3838 电邮 Email: beijing@tongshang.com 网址 Web: www.tongshang.com 北京市通商律师事务所 关于内蒙古电投能源股份有限公司 2024 年度第五次临时股东大会的法律意见书 致：内蒙古电投能源股份有限公司 受内蒙古电投能源股份有限公司（以下简称"公司"）聘请，北京市通商律师 事务所指派律师（以下简称"本所律师"）出席了公司 2024 年度第五次临时股东 大会（以下简称"本次股东大会"），并根据《中华人民共和国公司法》（以下简 称"《公司法》"）《上市公司股东大会规则》《深圳证券交易所上市公司股东大 会网络投标实施细则》（以下简称"《网络投票实施细则》"）等法律、法规、规 章、规范性文件及《内蒙古电投能源股份有限公司章程》（ ...

1 关于选举第八届监事会职工代表监事的公告 本公司及监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"）第七届监事 会任期已满,根据《公司章程》的规定进行换届选举。为保证监事会 正常工作，内蒙古电投能源股份有限公司工会于 2024 年 9 月 4 日—9 月 6 日组织所属单位召开职工代表会议，采取无记名投票方式选举产 生了职工监事 3 名。冯树清、应建勋、史红薇当选为内蒙古电投能源 股份有限公司职工监事（简历附后）。第八届职工监事与第八届股东 代表监事生效日期相同，自股东大会审议股东代表监事通过之日起生 效。第八届职工监事与第八届股东代表共同组成公司第八届监事会。 内蒙古电投能源股份有限公司监事会 2024 年 9 月 12 日 证券代码：002128 证券简称：电投能源 公告编号：2024064 内蒙古电投能源股份有限公司 附件： 职工监事简历 冯树清先生，1969 年生，本科学历，高级工程师、经济师。近 年曾任国家电投集团内蒙古白音华煤电有限公司露天矿矿长；国家电 投集团内蒙古能源有限公司和内蒙古霍林河露天煤业股份有限公 ...

证券代码：002128 证券简称：电投能源 公告编号：2024063 内蒙古电投能源股份有限公司 2024年第五次临时股东大会决议公告 一、会议召开和出席情况 1.召开时间 现场会议召开时间：2024 年 9 月 12 日（周四）14:00 互联网投票系统投票时间：2024 年 9 月 12 日（周四）9:15—15:00 交易系统投票时间：2024 年 9 月 12 日（周四）9:15—9:25,9:30 —11:30 和 13:00—15:00 1 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.本次股东大会无否决议案的情形。本次股东大会不涉及变更以 往股东大会已通过的决议。 2.内蒙古电投能源股份有限公司（以下简称"公司"）定于2024 年9月12日召开2024年第五次临时股东大会，有关公告详见2024年8 月27日刊登在《中国证券报》《证券时报》《上海证券报》和巨潮资 讯网站（http://www.cninfo.com.cn）上的《2024年第五次临时股东 大会通知》。 本次股东大会采取现场表决与网络表决相结合的方式，会议召开 情况如下 ...

本公司及董事会全体成员保证公告内容的真实、准确和完整，不 存在虚假记载、误导性陈述或者重大遗漏。 2023 年 7 月 24 日,中央政治局会议提出要活跃资本市场、提振投 资者信心。2024 年 1 月 22 日，国务院常务会议指出要大力提升上市 公司质量和投资价值，要采取更加有力有效措施，着力稳市场、稳信 心。为践行高质量发展和投资者为本的发展理念，内蒙古电投能源股 份有限公司(以下简称"电投能源"或"公司")制定了"质量回报双 提升"行动方案，围绕公司发展战略，持续提升公司核心竞争力，推 动高质量发展，切实履行上市公司责任。具体方案内容如下: 一、稳中求进谋发展，产业协同谱新篇 电投能源始终致力于建设世界一流清洁综合能源企业，积极推进 绿色矿山、智慧矿山，以"智慧"为内核、"无人"为突破、"绿色" 为基底、"零碳"为目标。2023 年公司与国家自然资源部共同成立的 矿山草原生态修复分中心 2 项涉及生态修复软课题顺利通过验收， "尧光一号"智慧矿山综合管控平台成功试运行，"北斗+5G"全自 动无人机巡检项目试运行成功；绿电铝占比从 22%提升至 30%，新 能源装机规模同比增长 108.33%，从 216 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [2] Core Insights - The company's net profit for the first half of 2024 reached 2.94 billion yuan, a year-on-year increase of 14%, with total revenue of 14.13 billion yuan, up 7% year-on-year [3] - The coal segment showed a slight decrease in production but an increase in price, resulting in a gross profit of 2.7 billion yuan, with a gross margin of 58.6% [3] - The power generation segment saw a 15% decrease in thermal power output, while renewable energy generation doubled year-on-year, contributing significantly to revenue growth [3] - The electrolytic aluminum segment achieved a net profit of 1.92 billion yuan, with a significant increase in profit per ton of aluminum, benefiting from integrated coal-electricity-aluminum operations [3] - The company is expected to maintain high profitability in coal and aluminum businesses, with projected net profits of 5.64 billion, 5.84 billion, and 6.03 billion yuan for 2024 to 2026 [3] Financial Summary - The company reported total revenue of 26.846 billion yuan in 2023, with a projected increase to 29.644 billion yuan in 2024, reflecting a year-on-year growth of 10.4% [4] - The net profit for 2023 is estimated at 4.56 billion yuan, with projections of 5.64 billion yuan for 2024, indicating a growth rate of 23.7% [4] - The earnings per share (EPS) is expected to rise from 2.03 yuan in 2023 to 2.52 yuan in 2024 [4] Valuation Metrics - The company is valued at a price-to-earnings (P/E) ratio of 9 to 10 times for 2024, translating to a reasonable value range of 22.65 to 25.17 yuan per share [3] - The average P/E ratio for comparable companies in the coal and aluminum sectors is around 9.7 times [5] Market Performance - The company's stock has shown a relative performance of -1.5% compared to the market index over the past three months [2] - The stock price closed at 16.60 yuan, with a 52-week price range of 13.11 to 23.86 yuan [2]

证券代码：002128 证券简称：电投能源 公告编号：2024060 内蒙古电投能源股份有限公司 关于参股投资建设乌兰布和东北部新能源基地先导工程 100万千瓦光伏发电项目（一期）公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，不 存在虚假记载、误导性陈述或者重大遗漏。 内蒙古电投能源股份有限公司（简称"电投能源"或"公司"） 2024 年第九次临时董事会审议通过了《关于电投能源参股投资建设 乌兰布和东北部新能源基地先导工程 100 万千瓦光伏发电项目（一期） 的议案》。现将相关事项公告如下： 一、概述 1.规划建设以沙漠、戈壁、荒漠地区为重点的大型风电光伏基地， 是助力"碳达峰、碳中和"目标实现的重要举措。为加快构建以新能 源为主体的新型电力系统，在统筹规划、整体布局的前提下，拟建设 200 万千瓦光伏先导工程，分两期实施，每期 100 万千瓦，特高压输 电通道投产前，接入蒙西电网消纳；特高压输电通道投产后，再改接 入基地配套的汇集站外送消纳。 乌兰布和沙漠东北部新能源基地先导工程由电投能源与内蒙古 能源集团有限公司（以下简称"蒙能集团"）开发建设，是助力国家 和自治区战略目标落实落地的重要举措 ...

Investment Rating - Buy (maintained) [2] Core Views - The company's performance is improving due to the enhancement of coal, aluminum, and electricity businesses, with a focus on dividend increases and green energy transformation [2] - The company achieved revenue of 14.127 billion yuan in H1 2024, a year-on-year increase of 6.95%, and net profit attributable to shareholders of 2.944 billion yuan, a year-on-year increase of 13.99% [2] - The company's coal, aluminum, and electricity businesses all showed year-on-year improvements, with new energy power generation growing significantly [2] - The company is actively promoting new energy business, and the installed capacity is expected to continue to expand, with potential for transformation growth [2] Business Performance Coal Business - The company is a leading lignite enterprise in eastern Inner Mongolia and northeastern China, with coal production and sales of 22.67/22.22 million tons in H1 2024, a year-on-year decrease of 2.94%/4.01% [2] - The average coal price was 202.6 yuan/ton, a year-on-year increase of 5.6%, with a cost of 85.3 yuan/ton, a year-on-year increase of 0.1%, and a gross margin increase of 2.3 percentage points to 57.9% [2] Aluminum Business - The company's subsidiary, Inner Mongolia Huomei Hongjun Aluminum & Electricity Co Ltd, has an electrolytic aluminum production line with a capacity of 860,000 tons [2] - In H1 2024, the company's electrolytic aluminum production and sales were 448,000/447,000 tons, a year-on-year increase of 4.36%/3.88% [2] - The average price of electrolytic aluminum was 17,286 yuan/ton, a year-on-year increase of 7.2%, with a cost of 12,995 yuan/ton, a year-on-year decrease of 3.2%, and a gross margin increase of 8.0 percentage points to 24.8% [2] Power Business - The company currently has 2×600MW thermal power units, and the new energy business is developing smoothly [2] - As of the end of June 2024, the installed capacity of new energy was 4,779.8 MW, an increase of 227.8 MW compared to the end of 2023 [2] - In H1 2024, the company generated 5.56 billion kWh of electricity, a year-on-year increase of 24.8%, including 2.48 billion kWh of thermal power, a year-on-year decrease of 14.7%, and 3.07 billion kWh of new energy power, a year-on-year increase of 99.5% [2] - The company sold 5.30 billion kWh of electricity, a year-on-year increase of 27.0%, including 2.26 billion kWh of thermal power, a year-on-year decrease of 14.7%, and 3.04 billion kWh of new energy power, a year-on-year increase of 99.7% [2] Future Prospects Main Business Growth - The company's coal business is expected to contribute incremental growth, with the Baiyinhua No 2 and No 3 mines having a combined capacity of 35 million tons [2] - The company's electrolytic aluminum business is expected to contribute performance elasticity, with the second phase of the Huomei Hongjun Zhalai Aluminum project with a capacity of 350,000 tons under preparation [2] - The company's new energy installed capacity is expected to exceed 10,000 MW by the end of the 14th Five-Year Plan, and green power business is expected to become a new profit growth point [2] Dividend Increase - The company's dividend ratio in 2023 was 33.43%, corresponding to a dividend yield of 4.6% in 2024 [2] - The company announced its first interim dividend in the 2024 interim report, proposing a cash dividend of 0.5 yuan per 10 shares (tax included), totaling 112 million yuan, with a dividend ratio of 3.81% [2] - Under the requirements of central enterprise market value management, the company's dividend ratio is expected to continue to increase, highlighting investment value [2] Financial Summary and Valuation - The company's revenue is expected to be 29.113/29.508/30.306 billion yuan in 2024/2025/2026, with year-on-year growth of 8.4%/1.4%/2.7% [3] - Net profit attributable to shareholders is expected to be 5.516/5.788/6.389 billion yuan in 2024/2025/2026, with year-on-year growth of 21.0%/4.9%/10.4% [3] - EPS is expected to be 2.46/2.58/2.85 yuan in 2024/2025/2026, with a corresponding PE ratio of 7.2/6.9/6.3 times [3] - The company's gross margin is expected to be 35.5%/35.3%/36.1% in 2024/2025/2026, and net margin is expected to be 18.9%/19.6%/21.1% [3] - ROE is expected to be 16.3%/14.7%/13.7% in 2024/2025/2026 [3]

Investment Rating - The report maintains a "Recommended" rating for the company [1][2]. Core Views - The company achieved a revenue of 14.127 billion yuan in the first half of 2024, representing a year-on-year growth of 6.95%, and a net profit attributable to shareholders of 2.944 billion yuan, up 13.99% year-on-year [1]. - The company expects net profits for 2024-2026 to be 5.029 billion, 5.430 billion, and 5.714 billion yuan, respectively, with corresponding EPS of 2.24, 2.42, and 2.55 yuan per share [1][2]. - The report highlights the increase in aluminum prices and the reduction in costs, leading to an improved gross margin of 24.82% for the electrolytic aluminum business [1]. Summary by Sections Financial Performance - In Q2 2024, the company reported a revenue of 6.782 billion yuan, a year-on-year increase of 6.55%, but a quarter-on-quarter decrease of 7.66%. The net profit for Q2 was 1 billion yuan, up 3.56% year-on-year but down 48.57% quarter-on-quarter [1]. - The company’s coal production in H1 2024 was 22.675 million tons, a decrease of 2.94% year-on-year, while coal sales were 22.215 million tons, down 4.01% year-on-year [1]. - The gross margin for the coal business increased by 2.29 percentage points to 57.92% [1]. Business Segments - The electricity sales volume increased significantly, with a total of 55.56 billion kWh sold in H1 2024, up 24.83% year-on-year [1]. - The gross margin for the electricity business decreased by 2.45 percentage points to 43.60% [1]. - The electrolytic aluminum production reached 447,900 tons, a year-on-year increase of 4.36%, with a gross margin increase of 8.02 percentage points [1]. Dividends and Shareholder Returns - The company proposed a cash dividend of 0.5 yuan per share, resulting in a total cash distribution of 112 million yuan, leading to a dividend yield of 0.28% based on the closing price on August 26, 2024 [1].

证券代码：002128 证券简称：电投能源 公告编号：2024051 内蒙古电投能源股份有限公司 关于募集资金 2024年半年度存放与使用情况的专项报告 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上 市公司募集资金管理和使用的监管要求（2022 年修订）》（证监会公 告〔2022〕15 号）和深圳证券交易所印发的《深圳证券交易所上市 公司自律监管指引第 1 号——主板上市公司规范运作（2023 年 12 月 修订）》（深证上〔2023〕1145 号）的规定，将本公司募集资金 2024 年半年度存放与使用情况专项说明如下。 一、募集资金基本情况 (一) 实际募集资金金额和资金到账时间 根据中国证券监督管理委员会（以下简称中国证监会）《关于核 准内蒙古电投能源股份有限公司非公开发行股票的批复》（证监许可 〔2023〕124 号）核准，本公司由主承销商中信证券股份有限公司采 用向不超过 35 名特定对象非公开发行的方式，向特定对象非公开发 行人民币普通股股票 32,000 万股，发行价为每股人民币 12.50 元，共 计募集资金 400,000 万元，坐扣承销和保荐费用 4,520.00 万元后的募 ...