中关村顺义园企业北京天玛智控科技股份有限公司成立于2001年7月，专业从事煤矿无人化智能开采控 制技术和装备的研发、生产、销售和服务，以优质产品及精准服务提高煤矿开采安全水平及生产效率， 致力于把煤矿工人从危险恶劣的采煤工作面解放出来，让采煤成为安全轻松的工作，为煤炭企业创造更 大价值。截至目前，企业已获得国家重点实验室、国家高新技术企业、国家技术创新示范企业、国务院 国资委创建世界一流专业领军示范企业与国有重点企业管理标杆创建行动标杆企业等荣誉称号。 新京报讯 据"北京顺义"微信公众号消息，日前，顺义区重点项目天玛智控产业基地二期工程建设（高 压高效柱塞泵及其智能控制系统研发与产业化项目）开工。 项目总投资超4亿元，规划总建筑面积达5.2万平方米，计划2027年底竣工。该项目将建设标准厂房、连 廊及库房等设施，重点用于开展高压高效柱塞泵及其智能控制系统研发与产业化等四项核心任务的科研 攻关与产业孵化，着力打造兼具"智能化、绿色化、高效化"的低碳生态园区。 ...

煤炭行业政策解读 20250723 摘要 2025 年上半年煤炭市场呈现供需宽松格局，表现为高供给、高库存与 低价格、低消费并存。电力消费虽创新高，但火电增幅有限，新增需求 主要由新能源满足，电厂及港口库存维持高位。 晋陕蒙新四大主产区煤炭供应能力强劲，内蒙古、山西预计全年产量分 别达 12.5 亿吨和 13 亿吨。新疆煤炭产量持续增长，上半年产量 2.79 亿吨，预计全年超过去年，外运量显著增加。 国际海运费上涨及地缘政治因素推高进口煤和油气价格，间接支撑国内 煤炭需求。同时，新能源占比提升和智能电网技术进步正逐步调整国内 用电结构。 政策层面，对超能力生产的监督检查旨在稳定煤价于合理区间，提高长 协履约率，避免行业恶性竞争，保障煤炭行业健康发展。短期内煤价或 稳住，但大幅上涨条件不足。 新疆铁路局下调铁路运费，降低疆煤外运成本，提升市场竞争力。但市 场价格和需求仍是影响外运量的关键因素。新疆煤炭在重庆等地具有明 显价格优势。 Q&A 国家能源局综合司近期发布的关于组织开展煤炭生产情况核查促进煤炭供应稳 定有序的通知，其背景和目的是什么？ 该通知发布的背景主要源于今年上半年煤炭市场的走势。去年煤炭进口量达到 ...

研究早观点 | 指数 | | 收盘 | 涨跌幅% | | --- | --- | --- | --- | | 上证指数 | | 3,472.32 | 0.32 | | 深证成指 | | 10,508.76 | -0.25 | | 沪深 | 300 | 3,982.20 | 0.36 | | 中小板指 | | 6,590.53 | -0.21 | | 创业板指 | | 2,156.23 | -0.36 | | 科创 | 50 | 984.80 | -0.01 | 资料来源：最闻 分析师： 李召麒 执业登记编码：S0760521050001 2025 年 7 月 7 日 星期一 资料来源：最闻 国内市场主要指数 电话：010-83496307 邮箱：lizhaoqi@sxzq.com 市场走势 【今日要点】 【山证煤炭】煤炭行业 2024 年报及 2025 年一季报综述：-盈利能力尚 可，红利价值仍有交易空间 【行业评论】通信：周跟踪（20250623-20250629）-——再论昇腾 cloudmatrix384 创新性，算力板块迎来业绩情绪双击 【公司评论】大全能源(688303.SH)：大全能源点评报告-在 ...

Summary of Conference Call Records Company and Industry Overview - **Company**: TianDi Technology and Tianma Control - **Industry**: Coal Mining and Equipment Manufacturing Key Points and Arguments Company Performance - In 2024, TianDi Technology achieved a profit of **305.3 billion yuan**, a growth of **2%** [2] - The net profit attributable to shareholders was **26.2 billion yuan**, reflecting an **11.2%** increase [2] - Total assets reached **572.6 billion yuan**, up by **7.6%** [2] - Net assets attributable to shareholders were **244.3 billion yuan**, a growth of **6.5%** [2] - The average return on net assets was **11.1%**, an increase of **0.2%** [2] - Basic earnings per share was **0.633 yuan**, marking an **11.1%** increase [2] Industry Trends - Coal remains a primary energy source in China's energy structure, accounting for **53.2%** of energy consumption in 2024, down from **55.3%** in 2023 [42] - The coal mining industry is transitioning towards automation and intelligent operations, with a significant focus on safety and efficiency [3][4] - The number of intelligent coal mining faces reached **2,201**, with intelligent production capacity exceeding **50%** of national coal production capacity [44] Technological Advancements - TianDi Technology has established a comprehensive technological innovation system, with **two national key laboratories** approved in 2024 [4] - The company invested approximately **8.7 billion yuan** in R&D over the past five years, with **220 million yuan** allocated in 2024, representing **7%** of business income [4] - The company is focusing on developing digital management technologies and intelligent operation technologies for coal-fired equipment [3] Strategic Initiatives - The company is actively planning new industries and technological innovations, including smart manufacturing bases and advanced equipment manufacturing [5] - TianDi Technology aims to enhance its market position by integrating technological resources and promoting high-quality investments [5] - The company has established a standard system for coal mine automation, with over **60 standards** recognized in the industry [8] Governance and Investor Relations - The company has received an **A rating** for information disclosure and won the **Golden Trust Award** from China Securities Journal in 2023 [6] - Cash dividends have increased, with a planned distribution of **3.17 yuan** per ten shares in 2024, totaling **1.3 billion yuan**, which is **50.04%** of the net profit [7] - The company emphasizes ESG (Environmental, Social, and Governance) practices and has disclosed its first ESG report in March 2024 [6] Market Challenges and Future Outlook - The coal industry faces challenges such as fluctuating coal prices and increased competition in the automation sector [13][41] - The company is committed to maintaining a balance between value creation and shareholder returns, with plans for ongoing cash dividends and potential share buybacks [27][35] - Future growth is expected to be driven by increased demand for intelligent mining equipment and the transition to automated operations [28][29] Miscellaneous - The company has established joint ventures to enhance collaboration and resource sharing, particularly in the Shandong region [30] - There is a focus on enhancing the quality of orders and ensuring timely payments to improve cash flow and profitability [49][50] This summary encapsulates the key insights from the conference call, highlighting the performance, strategic direction, and challenges faced by TianDi Technology and the coal mining industry.