Core Viewpoint - Jin Energy Holdings Co., Ltd. has experienced a stock price increase of 27.37% year-to-date, with a recent trading price of 16.45 CNY per share, reflecting a market capitalization of 27.532 billion CNY [1] Group 1: Stock Performance - As of November 12, Jin Energy's stock rose by 2.11% during the trading session, with a trading volume of 1.08 billion CNY and a turnover rate of 0.40% [1] - The stock has seen a 2.49% increase over the last five trading days, a 6.61% increase over the last 20 days, and a 13.45% increase over the last 60 days [1] Group 2: Financial Performance - For the period from January to September 2025, Jin Energy reported a revenue of 9.325 billion CNY, a year-on-year decrease of 16.99%, and a net profit attributable to shareholders of 1.277 billion CNY, down 40.65% year-on-year [2] Group 3: Shareholder Information - As of October 20, the number of shareholders for Jin Energy increased to 58,000, with an average of 28,856 circulating shares per shareholder, a decrease of 4.40% [2] - The company has distributed a total of 6.083 billion CNY in dividends since its A-share listing, with 3.640 billion CNY distributed in the last three years [3] - The second-largest circulating shareholder is the Guotai CSI Coal ETF, holding 33.2232 million shares, an increase of 2.024 million shares from the previous period [3]

Core Viewpoint - Hengyuan Coal Power's stock price has shown fluctuations, with a recent increase of 2.06%, while the company has faced significant declines in revenue and profit year-to-date [1][2]. Financial Performance - As of September 30, 2025, Hengyuan Coal Power reported a revenue of 3.782 billion yuan, a year-on-year decrease of 30.07% [2]. - The net profit attributable to shareholders was -99.72 million yuan, reflecting a year-on-year decrease of 110.56% [2]. - The company's stock price has decreased by 16.78% since the beginning of the year, but has seen a slight recovery in the last five trading days with a gain of 1.64% [1]. Shareholder Information - The number of shareholders as of September 30, 2025, was 39,000, a decrease of 4.37% from the previous period [2]. - The average number of circulating shares per shareholder increased by 4.57% to 30,760 shares [2]. Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder is Huatai-PB SSE Dividend ETF, holding 50.98 million shares, a decrease of 1.1711 million shares from the previous period [3]. - The third-largest shareholder, Guotai CSI Coal ETF, increased its holdings by 14.2608 million shares to 23.5816 million shares [3]. - Other notable changes include increases in holdings by several ETFs, while Hong Kong Central Clearing Limited reduced its holdings by 1.90302 million shares [3].

Core Viewpoint - Shenhuo Co., Ltd. has shown significant stock price appreciation this year, with a year-to-date increase of 65.76% and notable gains over various trading periods, indicating strong market performance and investor interest [2]. Group 1: Stock Performance - As of November 12, Shenhuo's stock price increased by 2.03%, reaching 27.19 CNY per share, with a trading volume of 396 million CNY and a turnover rate of 0.66%, resulting in a total market capitalization of 61.15 billion CNY [1]. - The stock has experienced a 65.76% increase year-to-date, with recent trading gains of 8.54% over the last five days, 21.17% over the last 20 days, and 43.71% over the last 60 days [2]. Group 2: Company Overview - Shenhuo Co., Ltd. was established on August 31, 1998, and listed on August 31, 1999. The company is primarily engaged in the production, processing, and sales of aluminum products and coal, with its main revenue sources being electrolytic aluminum (69.40%), coal (14.11%), and aluminum foil (6.41%) [2]. - The company operates within the non-ferrous metals industry, specifically in the industrial metals-aluminum sector, and is associated with concepts such as non-ferrous aluminum, thermal coal, battery foil, the Belt and Road Initiative, and scarce resources [2]. Group 3: Financial Performance - For the period from January to September 2025, Shenhuo reported a revenue of 31.005 billion CNY, reflecting a year-on-year growth of 9.50%. However, the net profit attributable to shareholders decreased by 1.38% to 3.49 billion CNY [2]. - The company has distributed a total of 9.422 billion CNY in dividends since its A-share listing, with 5.843 billion CNY distributed over the past three years [3]. Group 4: Shareholder Information - As of October 31, 2025, the number of shareholders in Shenhuo decreased by 10.16% to 65,400, while the average number of circulating shares per person increased by 11.31% to 34,365 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 77.6616 million shares, an increase of 38.6067 million shares compared to the previous period [3].

Core Viewpoint - Pingmei Shenhua Coal Industry Co., Ltd. has experienced a decline in stock price and significant decreases in revenue and net profit for the year 2025, indicating potential challenges in the coal industry [1][2]. Group 1: Stock Performance - On November 11, Pingmei's stock price fell by 2.08% to 8.46 CNY per share, with a trading volume of 1.74 billion CNY and a turnover rate of 0.83%, resulting in a total market capitalization of 20.891 billion CNY [1]. - Year-to-date, Pingmei's stock price has decreased by 10.48%, with a 1.97% drop over the last five trading days, a 2.42% increase over the last 20 days, and a 2.79% increase over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Pingmei reported operating revenue of 14.816 billion CNY, a year-on-year decrease of 36.46%, and a net profit attributable to shareholders of 280 million CNY, down 86.32% year-on-year [2]. - Since its A-share listing, Pingmei has distributed a total of 12.782 billion CNY in dividends, with 5.850 billion CNY distributed over the last three years [3]. Group 3: Shareholder and Institutional Holdings - As of September 30, 2025, the number of shareholders for Pingmei increased to 87,800, up by 9.76%, while the average circulating shares per person decreased by 8.89% to 28,123 shares [2]. - Among the top ten circulating shareholders, the Guotai Zhongzheng Coal ETF holds 58.8552 million shares, an increase of 35.7928 million shares from the previous period, while the Huatai-PineBridge SSE Dividend ETF holds 45.2174 million shares, an increase of 2.5475 million shares [3].

Core Viewpoint - The stock of Electric Power Investment Energy has experienced fluctuations, with a current price of 27.34 CNY per share, reflecting a year-to-date increase of 45.58% and a recent upward trend over various trading periods [1][2]. Financial Performance - For the period from January to September 2025, Electric Power Investment Energy reported a revenue of 22.403 billion CNY, representing 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]. - Cumulative cash dividends since the company's A-share listing amount to 11.815 billion CNY, with 4.550 billion CNY distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Electric Power Investment Energy is 27,100, showing a decrease of 11.29% from the previous period. The average number of circulating shares per shareholder increased by 12.72% to 82,831 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 47.2447 million shares, an increase of 18.5055 million shares compared to the previous period [3]. Market Activity - The stock experienced a decline of 2.01% during intraday trading, with a trading volume of 100 million CNY and a turnover rate of 0.16%. The total market capitalization stands at 61.285 billion CNY [1]. - In terms of capital flow, there was a net inflow of 2.8049 million CNY from major funds, with significant buying and selling activities recorded [1]. 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. The revenue composition includes aluminum products (55.11%), coal products (30.29%), power products (13.02%), and others (1.59%) [1]. - The company operates within the coal mining sector, specifically focusing on thermal coal, and is associated with various concepts such as thermal coal, non-ferrous aluminum, low price-to-earnings ratio, and state-owned enterprise reform [1].

Core Viewpoint - Jin Energy Holdings Co., Ltd. has experienced a significant increase in stock price and trading volume, indicating strong market interest despite a decline in revenue and profit for the year [1][2]. Group 1: Stock Performance - As of November 10, Jin Energy's stock price rose by 2.05% to 16.90 CNY per share, with a trading volume of 336 million CNY and a turnover rate of 1.21%, resulting in a total market capitalization of 28.286 billion CNY [1]. - Year-to-date, the stock price has increased by 30.86%, with a 12.37% rise over the last five trading days, 13.35% over the last 20 days, and 17.69% over the last 60 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Jin Energy reported operating revenue of 9.325 billion CNY, a year-on-year decrease of 16.99%, and a net profit attributable to shareholders of 1.277 billion CNY, down 40.65% year-on-year [2]. - Since its A-share listing, the company has distributed a total of 6.083 billion CNY in dividends, with 3.640 billion CNY distributed over the past three years [2]. Group 3: Shareholder Structure - As of October 20, 2025, the number of shareholders increased to 58,000, with an average of 28,856 circulating shares per person, a decrease of 4.40% from the previous period [2]. - The second-largest circulating shareholder is the Guotai CSI Coal ETF, holding 33.2232 million shares, an increase of 2.024 million shares from the previous period [2].

Core Viewpoint - Huabei Mining's stock has shown a positive trend with a 3.90% increase year-to-date and a 4.22% rise over the last five trading days, indicating potential investor interest and market confidence [1][2]. Company Overview - Huabei Mining Co., Ltd. is located at 276 Renmin Middle Road, Huaibei City, Anhui Province, established on March 18, 1999, and listed on April 28, 2004. The company primarily engages in the sale of civil explosive products and blasting engineering services, coal mining, washing, processing, and sales, as well as the production and sales of coal chemical products [1]. - The revenue composition of Huabei Mining includes: commodity trading (39.15%), coal products (26.23%), coal chemical products (20.81%), engineering and labor services (3.55%), blending business (2.55%), electricity sales (1.99%), others (1.96%), blasting engineering services (1.23%), mining business (1.21%), civil explosive product sales (0.81%), and transportation services (0.51%) [1]. Financial Performance - As of October 31, Huabei Mining reported a total revenue of 31.925 billion yuan for the period from January to September 2025, reflecting a year-on-year decrease of 43.78%. The net profit attributable to shareholders was 1.07 billion yuan, down 74.14% compared to the previous year [2]. - The company has distributed a total of 13.156 billion yuan in dividends since its A-share listing, with 7.318 billion yuan distributed over the last three years [3]. Shareholder Information - As of October 31, the number of Huabei Mining shareholders was 36,300, a decrease of 8.06% from the previous period. The average number of circulating shares per shareholder increased by 8.77% to 74,127 shares [2]. - Notable institutional holdings include Guotai Junan CSI Coal ETF (515220) as the second-largest shareholder with 42.6809 million shares, and Hong Kong Central Clearing Limited as the fourth-largest shareholder with 30.5931 million shares, both showing increases in holdings [3].

Core Viewpoint - Electric Power Investment Energy has shown a significant increase in stock price and trading volume, indicating positive market sentiment and potential growth opportunities in the coal and aluminum sectors [1][2]. Company Overview - Electric Power Investment Energy Co., Ltd. is located in Tongliao City, Inner Mongolia, and was established on December 18, 2001, with its listing date on April 18, 2007. The company primarily engages in the production, processing, and sales of coal products, thermal power, and electrolytic aluminum [1]. - The main revenue composition includes aluminum products (55.11%), coal products (30.29%), power products (13.02%), and others (1.59%) [1]. Financial Performance - For the period from January to September 2025, Electric Power Investment Energy achieved a revenue of 22.403 billion yuan, representing a year-on-year growth of 2.72%. However, the net profit attributable to shareholders decreased by 6.40% to 4.118 billion yuan [2]. - Cumulative cash dividends since the A-share listing amount to 11.815 billion yuan, with 4.550 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders decreased by 11.29% to 27,100, while the average 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 47.2447 million shares, an increase of 18.5055 million shares compared to the previous period [3]. Market Activity - On November 7, the stock price increased by 2.01% to 27.43 yuan per share, with a trading volume of 289 million yuan and a turnover rate of 0.48%. The total market capitalization reached 61.486 billion yuan [1]. - Year-to-date, the stock price has risen by 46.06%, with notable increases of 8.55% over the last five trading days, 14.63% over the last twenty days, and 33.54% over the last sixty days [1].

Core Viewpoint - Lu'an Environmental Energy experienced a stock price decline of 2.02% on November 7, trading at 15.50 CNY per share with a market capitalization of 46.367 billion CNY, amidst a net outflow of 26.856 million CNY in main funds [1] Financial Performance - For the period from January to September 2025, Lu'an Environmental Energy reported operating revenue of 21.1 billion CNY, a year-on-year decrease of 20.82%, and a net profit attributable to shareholders of 1.554 billion CNY, down 44.45% year-on-year [2] Shareholder Information - As of September 30, 2025, the number of shareholders for Lu'an Environmental Energy was 73,200, a decrease of 9.60% from the previous period, with an average of 40,855 circulating shares per shareholder, an increase of 10.63% [2] - The company has cumulatively distributed 25.851 billion CNY in dividends since its A-share listing, with 14.505 billion CNY distributed over the past three years [3] Major Shareholders - As of September 30, 2025, the top circulating shareholders included Guotai Junan CSI Coal ETF, holding 47.291 million shares, and Hong Kong Central Clearing Limited, holding 39.944 million shares, which saw a reduction of 4.797 million shares compared to the previous period [3]

Core Viewpoint - The information disclosure rating of Pingmei Shenma Coal Industry Co., Ltd. has decreased from A to C in 2024 compared to 2022, indicating a significant decline in transparency and compliance [1][5]. Company Summary - Pingmei Shenma Coal Industry Co., Ltd. is located in Pingdingshan, Henan Province, and was established on March 17, 1998. The company was listed on November 23, 2006. Its main business involves coal mining, washing, and sales [3][4]. - The revenue composition of the company includes: washing coal segment 66.88%, mixed coal segment 35.49%, other segments 28.19%, and exploration engineering segment 1.18% [3]. - The company operates in the coal mining sector, specifically focusing on coking coal, and is part of various concept sectors including thermal coal, undervalued stocks, and state-owned enterprise reforms [4]. Management Changes - The current Secretary of the Board, Liu Jinxiang, took office on October 29, 2025. He has a master's degree and previously held positions in the China Pingmei Shenma Group [4]. - The former Secretary, Xu Jinfeng, served from June 12, 2017, to October 28, 2025, with reported salaries of 616,700 yuan, 629,200 yuan, and 518,900 yuan for the years 2022 to 2024, respectively [5].