SCC(SH:600740) Shang Hai Zheng Quan Bao·2025-12-15 20:42Core Viewpoint - The company plans to continue its daily related transactions with Shanxi Coking Coal Group and its affiliates in 2026 to stabilize raw material supply and product sales, which will enhance financial management and capital operation capabilities [1][19]. Group 1: Daily Related Transactions Overview - The company intends to engage in procurement of raw materials (coal, coal tar, crude benzene, etc.), product sales, and labor services with Shanxi Coking Coal Group and its affiliates in 2026 [2][3]. - Shanxi Coking Coal Group is a leading global producer and supplier of coking coal, established in October 2001, with a focus on coal production, processing, and sales [2][3]. - Shanxi Coking Coal Group is the controlling shareholder of Shanxi Coking Group Co., Ltd., which is a comprehensive coal utilization enterprise and a pilot for circular economy [2][3]. Group 2: Transaction Approval Process - The proposal for the expected daily related transactions for 2026 was approved by the independent directors at the fourth meeting of the ninth board in December 2025, confirming its alignment with the company's operational environment [4][37]. - The board meeting on December 15, 2025, approved the proposal with a vote of 3 in favor and no opposition, with related directors abstaining from the vote [4][37]. - The proposal will be submitted to the shareholders' meeting for further approval, where related shareholders will abstain from voting [4][5]. Group 3: Previous Transaction Performance - From January to November 2025, the actual related transaction amount with affiliates was 3.791 billion yuan, with no financial transactions beyond deposits and loans [6]. Group 4: Expected Transaction Amount and Categories - The expected amount for daily related transactions in 2026 is projected to be between 3.446 billion and 7.29 billion yuan, with raw coal prices estimated at 900 to 1600 yuan per ton [7][19]. Group 5: Purpose and Impact of Related Transactions - The related transactions are essential for the company's normal production and operations, optimizing raw material sources and stabilizing supply channels, which will enhance sales channels and improve cash flow [19].