2025 年 10 月 31 日 公司研究 评级：增持(维持) | 研究所： | | | | --- | --- | --- | | 证券分析师： | | 陈晨 S0350522110007 | | | | chenc09@ghzq.com.cn | | 联系人 | ： | 徐萌 S0350125070001 | | | | xum02@ghzq.com.cn | 最近一年走势 | 相对沪深 300 | 表现 | | 2025/10/30 | | --- | --- | --- | --- | | 表现 | 1M | 3M | 12M | | 山煤国际 | 10.9% | 8.5% | -13.5% | | 沪深 300 | 1.5% | 13.5% | 21.1% | | 市场数据 | | | 2025/10/30 | | 当前价格（元） | | | 10.86 | | 周价格区间（元） 52 | | | 8.49-14.09 | | 总市值（百万） | | | 21,529.47 | | 流通市值（百万） | | | 21,529.47 | | 总股本（万股） | | | 198,245.61 | | 流 ...

Group 1 - The core point of the article is that China Coal Energy (601898) reported a decrease in both coal production and sales for August 2025 compared to the previous year [1] - In August 2025, the company's coal production was 11.6 million tons, a year-on-year decrease of 1.8%, while coal sales were 20.85 million tons, down 12.8% year-on-year [1] - For the period from January to August 2025, the total coal production was 89.99 million tons, reflecting a slight year-on-year decrease of 0.5%, and coal sales were approximately 171 million tons, which is a year-on-year decrease of 5.6% [1]