中国神华：积极采取措施应对行业波动，生产运营整体保持正常

Group 1 - The company experienced significant stock price fluctuations on April 7, 2025, with A-shares down 4.16% and H-shares down 8.28% [1] - The company plans to produce 334.8 million tons of commodity coal and sell 465.9 million tons in 2025, with power generation expected to reach 227.1 billion kWh, all exceeding 2024 levels [1] - The company is actively responding to industry challenges, maintaining normal production operations despite weak coal demand and falling prices [1] Group 2 - The company announced a cash dividend of 2.26 CNY per share for the 2024 fiscal year, representing 76.5% of net profit, an increase from 75.2% in 2023 [2] - The company plans to increase the minimum cash dividend payout ratio by 5 percentage points to 65% for the years 2025 to 2027 and is considering increasing the frequency of dividends [2] - The company's board has received authorization to repurchase H-shares as needed based on market conditions [2] Group 3 - The controlling shareholder, State Energy Investment Group, has no plans to reduce its stake in the company, having increased its A-share holdings by 11.5935 million shares from 2023 to 2024 [2] - The stake held by State Energy Group and its concerted parties has risen to 69.5789%, indicating confidence in the company's future [2] - The company is in discussions to initiate a new round of asset injection from State Energy Group to support long-term development [3] Group 4 - The company completed the acquisition of 100% equity in Hanjin Energy from State Energy Group for 852.6495 million CNY in January 2025 [3] - This acquisition is part of a strategy to reduce potential competition and enhance the company's asset base [3] - Ongoing negotiations aim to facilitate further high-quality coal asset injections into the company [3]