特此公告 2025 年第二季度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 根据上海证券交易所分行业信息披露指引的相关规定与要求，现将公司 2025 年第二季度主营业务经营情况公告如下： 2025 年第二季度（4-6 月），公司为第三方代加工焦炭 48.75 万吨，实现代 加工收入 1.13 亿元；生产 H 型钢产品 36.03 万吨，销售 34.72 万吨，实现产品 收入 10.25 亿元，平均售价为 2,952.62 元/吨（不含税）。 证券代码：600408 证券简称：安泰集团 编号：临 2025—033 山西安泰集团股份有限公司 山西安泰集团股份有限公司 二〇二五年八月二十九日 董 事 会 ...

Group 1 - The coking processing sector experienced a short-term surge, with Antai Group hitting the daily limit up [1] - Other companies such as Shanxi Coking, Shaanxi Black Cat, Yunmei Energy, Meijin Energy, and Baotailong also saw significant increases in their stock prices [1]

焦炭加工板块短线拉升，安泰集团涨停，山西焦化、陕西黑猫、云煤能源、美锦能源、宝泰隆等纷纷走 高。 ...

1. Report Industry Investment Rating - The trend rating for coke is "oscillation", and for coking coal is "oscillation with a weakening bias" [1] 2. Core Viewpoints - Since June, the macro - environment has been gradually improving. The market is becoming less sensitive to Sino - US trade frictions, and real - estate policies may speed up the industry's bottoming. The rumored crude steel production limit is set at around 30 million tons, which will change the long - short balance in the black sector [4] - For coking coal, supply is slightly shrinking due to inventory overstock and safety and environmental protection restrictions. The key is to monitor the signals of mine - end active production cuts or administrative production cuts. For coke, cost and demand are decisive factors. The cost side is expected to support rather than drag down the price, and factors such as cost rebound or crude steel reduction boosting industrial chain profits will drive the price up [5] - In extreme market conditions, coking coal is the main battlefield for long - short games. There is a possibility of a short - seller counter - attack. Once the price drops again, it may lead to a double - kill situation for both long and short positions [6] 3. Summary by Related Catalogs 3.1 Coking Coal 3.1.1 Spot and Futures Market - Spot prices are weak, and futures are oscillating. Mongolian 5 main coking coal is reported at 878 yuan/ton (- 15), and the active contract is reported at 766.5 yuan/ton (- 17). The basis is 131.5 yuan/ton (+ 17), and the September - January spread is - 12.5 yuan/ton (- 3) [1] 3.1.2 Supply and Demand - Mine and coal - washing plant开工率 have declined slightly. The开工率 of 523 mines is reported at 86.3% (- 2.96), and that of 110 coal - washing plants is reported at 60.59% (- 0.96) [2] 3.1.3 Inventory - Upstream inventory is accumulating, and downstream inventory is decreasing. The refined coal inventory of 523 mines is reported at 4.4753 million tons (+ 370,800), and that of coal - washing plants is 2.1474 million tons (+ 114,800). The inventory of 247 steel mills is 7.9875 million tons (+ 75,400), and that of 230 coking enterprises is 7.3796 million tons (- 146,000). The port inventory is 3.0156 million tons (- 45,300) [2] 3.2 Coke 3.2.1 Spot and Futures Market - Spot prices are weak, and futures are oscillating. Tianjin Port's quasi - first - grade coke is reported at 1,270 yuan/ton (- 0), and the active contract is reported at 1,328.5 yuan/ton (- 27.5). The basis is 37 yuan/ton (+ 27.5), and the September - January spread is - 19.5 yuan/ton (- 2) [3] 3.2.2 Supply and Demand - Supply remains flat, and demand has peaked and declined. The production rate of 230 independent coking enterprises is reported at 74.93% (- 0.15). The capacity utilization rate of 247 steel mills is reported at 91.32% (- 0.44), and the daily average pig iron output is 2.436 million tons (- 11,700) [3] 3.2.3 Inventory - Upstream inventory is accumulating, and downstream inventory is decreasing. The inventory of 230 coking enterprises is 88,410 tons (+ 10,080), that of 247 steel mills is 645,800 tons (- 9,130), and the port inventory is 214,150 tons (- 3,030) [3] 3.3 Strategy Suggestions - In the short term, it is recommended to hold a small - position long order for the J09 contract and wait to increase the position after confirming the market bottom [6]

证券代码：600408 证券简称：安泰集团 编号：临 2025—015 山西安泰集团股份有限公司 2024 年第四季度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 根据上海证券交易所分行业信息披露指引的相关规定与要求，现将公司 2024 年第四季度主营业务经营情况公告如下： 2024 年第四季度（10-12 月），公司自产焦炭 7.17 万吨，销售 7.76 万吨， 实现产品收入 1.35 亿元，平均售价为 1,736.07 元/吨（不含税）；为第三方代加工 焦炭 41.30 万吨，实现代加工收入 0.87 亿元；生产 H 型钢产品 35.18 万吨，销售 35.14 万吨，实现产品收入 10.62 亿元，平均售价为 3,021.62 元/吨(不含税)。 特此公告 山西安泰集团股份有限公司 董 事 会 二〇二五年四月二十九日 ...

证券代码：600408 证券简称：安泰集团 编号：临 2025—016 山西安泰集团股份有限公司 2025 年第一季度主要经营数据的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏， 并对其内容的真实性、准确性和完整性承担法律责任。 根据上海证券交易所分行业信息披露指引的相关规定与要求，现将公司 2024 年第四季度主营业务经营情况公告如下： 2025 年第一季度（1-3 月），公司为第三方代加工焦炭 45.89 万吨，实现代 加工收入 1.06 亿元；生产 H 型钢产品 23.64 万吨，销售 23.64 万吨，实现产品 收入 7.16 亿元，平均售价为 3,027.08 元/吨（不含税）。 特此公告 山西安泰集团股份有限公司 董 事 会 二〇二五年四月二十九日 ...