平煤股份: 平煤股份关于上海证券交易所对公司2024年年度报告的信息披露监管问询函回复的公告

Core Viewpoint - The company received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, specifically focusing on related party transactions and the rationale behind significant increases in coal procurement from affiliated companies [1]. Group 1: Related Party Transactions - In the reporting period, the company sold a total of 12.679 billion yuan to related party China Pingmei Shenma Group and its subsidiaries, while purchasing 2.418 billion yuan worth of raw coal from them, marking a significant increase compared to the previous year [1]. - The company is required to disclose quarterly details regarding the procurement of raw coal from related parties, including the source, product name, quantity, pricing, and payment terms, to justify the substantial increase in purchases [1]. - The company must also clarify the fairness of pricing in related party transactions and whether there is any benefit transfer to related parties [1]. Group 2: Procurement and Sales Details - The company reported a total procurement of 238,000 tons of raw coal at an average price of 220 yuan per ton, with significant purchases from affiliated companies [5]. - The procurement process involves a public bidding system where suppliers submit competitive prices, ensuring that the company's procurement prices are lower than the market average [3][5]. - The company must provide detailed quarterly disclosures on sales to related parties, including product specifications, quantities, pricing, and payment timelines [1][6]. Group 3: Comparison with Non-Related Party Sales - The company’s pricing policy for sales to non-related parties is based on market conditions and contractual agreements, with a one-month settlement cycle [8]. - A comparison of sales to related and non-related parties shows that the sales price to related parties is generally lower than that to non-related third parties, indicating a need for further justification of pricing fairness [8].