2025年10月31日，旭阳集团与一家知名外商签署了覆盖2025—2026年度的焦炭销售长期协议。今年是旭 阳集团踏入而立之年的年份，也是旭阳集团与这家外商合作的第十个年头，双方焦炭业务量已达300万 吨。在这背后，不仅是双方合作的深化，更暗藏着旭阳集团借助期货套保工具穿越市场风浪的经营智 慧。 旭阳集团成立于1995年，并于1999年在香港上市。三十年来，旭阳集团经历了由单一公司到多家公司、 由区域性公司到全国性公司的发展，已从一家焦炭生产企业发展成为集焦炭、化工、运营管理服务、贸 易、新能源、新材料等业务板块于一体的全球领先能源化工公司，连续多年入选"中国企业500强"。近 日，期货日报记者走进旭阳集团，深入了解这家煤焦化工龙头企业如何从早期"试水"期货领域到如今构 建起全链条套保体系。 套保护航 从风险防火墙到跨国合作桥梁 旭阳集团与期货工具的深度结缘最早可追溯到2013年。据现任集团总监兼旭阳营销有限公司总经理陈志 胜回忆，2012年8月他调任北京，次年1月便牵头开启了集团在焦炭等品种的期货业务布局，旭阳集团参 与了大商所焦炭期货上市前期调研。陈志胜从现货采购、销售一线而来，带领团队积极投身期货交易实 ...

Core Viewpoint - The company is currently focused on two main businesses: coal coking and hydrogen energy, aiming to build an integrated industrial chain of "coal-coke-gas-hydrogen" [1] Group 1 - The company has no current plans to engage in rare earth-related businesses, and any future developments will be disclosed in accordance with information disclosure requirements [1] - Investors are advised to pay attention to the company's subsequent announcements regarding matters related to its potential listing on the Hong Kong stock market [1]

Group 1 - The company, Meijin Energy (000723.SZ), is currently focused on two main businesses: coal coking and hydrogen energy [1] - The company aims to build an integrated industrial chain of "coal-coke-gas-chemical-hydrogen" [1] - The company has not engaged in any steel production-related activities [1]

Group 1 - The company, Meijin Energy (000723.SZ), is currently focused on two main businesses: coal coking and hydrogen energy [1] - The company aims to build an integrated industrial chain of "coal-coke-gas-chemical-hydrogen" [1] - The company has not engaged in any steel production-related activities [1]

Core Viewpoint - The company, Meijin Energy, is currently focused on its core businesses in coal chemical and hydrogen energy, with no plans to enter the dairy or infant formula market at this time [1] Group 1: Company Focus - Meijin Energy is dedicated to building an integrated industrial chain of "coal-coke-gas-chemical-hydrogen" [1] - The company has no current plans related to dairy products or infant formula [1] - Any future developments in this area will be disclosed to the market in accordance with information disclosure requirements [1]

Group 1 - In the first quarter, Inner Mongolia implemented 1,977 investment attraction projects, bringing in domestic funds of 83.04 billion yuan, a year-on-year increase of 37.7% [1] - Key industrial chain investment attraction was precise and effective, with 21 key industrial chains attracting funds of 27.03 billion yuan, accounting for 32.6% of total funds [1] - The rare earth industrial chain saw a remarkable year-on-year growth of 5.6 times in attracted funds [1] Group 2 - A total of 245 new signed investment projects with an investment amount of over 100 million yuan were recorded, including 18 projects over 5 billion yuan [1] - Among ongoing projects, 433 major projects with total investments of over 1 billion yuan were monitored, attracting funds of 55.27 billion yuan, a year-on-year increase of 19.6% [1] - Significant projects such as the Baotou Robotics and Drone Integration Base and the Xilin Gol League 3 million tons iron ore deep processing project completed over 500 million yuan in attracted funds [1] Group 3 - Inner Mongolia actively conducted targeted investment attraction towards key regions such as Beijing-Tianjin-Hebei, Yangtze River Delta, and Guangdong-Hong Kong-Macau Greater Bay Area [2] - A total of 376 new signed investment projects were recorded, with 153 projects from the Beijing-Tianjin-Hebei region, and 108 projects from Beijing alone, accounting for 28.9% [2] - The key regions collectively attracted funds of 59.37 billion yuan, representing 71.5% of total funds, with a year-on-year growth of 46.6% [2]

Core Viewpoint - The company, Shanxi Coking Coal, is facing significant operational pressure due to weak demand in the downstream steel industry and declining prices in the coking coal market, leading to a substantial drop in profits for the coking industry overall [5][9]. Company Overview - Shanxi Coking Coal primarily engages in the production and sale of coke and related chemical products, with metallurgical coke as the main product and various chemical by-products [5]. - The company has reported a decrease in production and sales across several key products, including a 2.73% decline in coke production to 2.8291 million tons and a 14.20% drop in operating revenue to CNY 750.68 million [9]. Financial Performance - For the reporting period, the company achieved an operating profit of CNY 24.33 million, down 80.84% year-on-year, and a net profit attributable to shareholders of CNY 26.31 million, a decrease of 79.37% [9]. - The proposed profit distribution plan for 2024 includes a cash dividend of CNY 0.2 per 10 shares, totaling CNY 51.24 million, which represents 19.48% of the net profit attributable to shareholders [4][74]. Market Conditions - The coking market is characterized by weak demand and falling prices, with the overall profit levels in the coking industry experiencing a significant decline due to insufficient cost support from upstream materials and increasing environmental compliance costs [5][9]. - The company is expected to maintain a certain level of liquidity to ensure stable operations amid these challenging market conditions [77]. Governance and Compliance - The company’s board and supervisory committee have confirmed the accuracy and completeness of the annual report, ensuring compliance with relevant laws and regulations [1][11]. - The company has engaged Lianda Accounting Firm to provide a standard unqualified audit report for the financial statements [3]. Future Outlook - The company plans to continue investing in facility upgrades and environmental compliance to enhance operational efficiency and competitiveness in the market [78][81]. - The board has proposed a "valuation enhancement plan" in response to the stock price being below the net asset value per share for 12 consecutive months [59].