证券代码：600508 证券简称：上海能源 编号：临 2026-006 上海大屯能源股份有限公司 2025 年经营数据公告 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《上市公司自律监管指引第 3 号—— 行业信息披露》要求，现将公司 2025 年经营数据公告如下： | 项目 | 年 2025 | 年 2024 | 变动比例 | | --- | --- | --- | --- | | | | | （%） | | 一、原煤产量（万吨） | 809.79 | 858.16 | -5.64 | | 二、洗精煤产量（万吨） | 447.55 | 452.74 | -1.15 | | 三、商品煤产量（万吨） | 613.55 | 627.41 | -2.21 | | 四、商品煤销量（万吨） | 601.71 | 631.79 | -4.76 | | 其中：1、外销量（万吨） | 542.74 | 566.11 | -4.13 | | 2、自用量（万吨） | 58.97 | 65.68 | -10.22 | | 五 ...

| A B | | | | | | | --- | --- | --- | --- | --- | --- | | | 股证券代码：600610 股证券代码：900906 | | | | | | | | A B | 股证券简称：中毅达 股证券简称：中毅达 | | | | | | | | B | 公告编号：2026-005 | 贵州中毅达股份有限公司 2025 年年度主要经营数据公告 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。 贵州中毅达股份有限公司（以下简称"公司"）根据上海证券交易所《上海 证券交易所上市公司自律监管指引第 3 号行业信息披露：第十三号——化工》的 相关要求，现将 2025 年年度主要经营数据披露如下： 以上经营数据信息来源于公司 2025 年年度财务数据，已经中审众环会计师 事务所（特殊普通合伙）审计，详见公司同日披露的审计报告，敬请广大投资者 理性投资，注意投资风险。 特此公告。 贵州中毅达股份有限公司董事会 二〇二六年三月二十七日 | 主要产品 | | 2025 年 | 1-12 | 月平 | 20 ...

News Focus - The National Development and Reform Commission has launched a new batch of 13 major foreign investment projects with a planned investment of $134 million, primarily in manufacturing sectors such as electronics, chemicals, automotive, and electrical machinery, aimed at accelerating the development of industrial clusters. To date, the cumulative investment in these projects has reached $10.8 billion [2] - The Ministry of Industry and Information Technology has announced the list of green factories and green industrial parks for 2025, with 2,038 new green factories and 128 green industrial parks being cultivated. The ministry has also removed 132 green factories and 3 green industrial parks from the previous list, while 92 green factories and 12 green industrial parks have had their names changed [2] Domestic News - The China Coal Industry Association has published the ranking of the top ten coal production companies for January-February 2026, with a total output of 390 million tons, a year-on-year decrease of 4.83 million tons, accounting for 51.3% of the industrial coal output. The top three companies are: China Energy Group with 98 million tons (down 3.9% year-on-year), Jinneng Holding Group with 66 million tons (up 0.5% year-on-year), and Shandong Energy Group with 43 million tons (down 0.7% year-on-year) [3] - A new round of mineral exploration breakthroughs in China has yielded results, with solid mineral discoveries in Mianyang, Sichuan, and Dangchang, Gansu, including rare earths, fluorite, barite, and antimony [3] - The Ministry of Finance has emphasized support for renewable energy development and the acceleration of a new energy system, promoting a comprehensive green transition and the issuance of green sovereign bonds to attract international funding for domestic green and low-carbon development [3] International News - The U.S. government plans to further relax sanctions on Venezuela's oil industry to increase crude oil production amid rising oil prices due to the Iran conflict, with related measures expected to be announced soon [5] - The International Atomic Energy Agency has received reports of an attack on Iran's Bushehr nuclear power plant, with no reports of damage or casualties so far [6] - South Korea is set to import 18 million barrels of crude oil from the UAE, following an agreement on a memorandum of understanding for oil supply chain cooperation [6] Corporate News - Sinopec has supplied a total of 24.7 billion cubic meters of natural gas during the heating season from 2025 to 2026, with a maximum daily supply reaching 248 million cubic meters, setting a historical record [7] - China Huaneng has successfully established the first international standard for carbon capture environmental monitoring and management, focusing on CO₂ capture systems based on organic amine chemical absorption, marking a significant achievement in CCUS international standardization efforts [7]

Group 1: Report Industry Investment Rating - No relevant information Group 2: Core View of the Report - The coal and coke fundamentals temporarily maintain a pattern of strong supply and weak demand. Overseas geopolitical conflicts have high uncertainty, and the price fluctuations in the energy and chemical sector are intense, which have a certain impact on the market sentiment of coking coal. Short - term attention should be paid to risk control and avoid chasing up [2] Group 3: Summary According to the Directory Coal and Coke Market Performance - Yesterday, the coal and coke futures prices rose and then fell, and showed a slight decline at night, with relatively intense overall fluctuations, and overseas geopolitical conflicts still had an impact [2] - On the spot side, the coke market remained stable, and coke enterprises had no plans to raise prices recently; the prices of coking coal in individual producing areas increased slightly [2] Production and Import Data - From January to February 2026, China's raw coal production was 760 million tons, a year - on - year decrease of 0.3%; the cumulative coke production was 8.255 million tons, a year - on - year slight increase of 0.8%; the cumulative pig iron production was 13.77 million tons, a year - on - year decrease of 2.7%; the cumulative crude steel production was 16.034 million tons, a year - on - year decrease of 3.6% [2] - The production of coal mines has basically recovered. Last week, the daily production of raw coal and clean coal from 523 sample coking coal mines was 1.936 million tons and 777,000 tons respectively, an increase of 108,000 tons and 29,000 tons respectively compared with the previous week, basically returning to the pre - holiday production level [2] - The daily customs clearance volume at the Ganqimaodu Port for Mongolian coal remained at a relatively high level. Last week, the average daily customs clearance volume was 187,000 tons, and the inventory in the port supervision area continued to increase [2] - In the first two months, China's cumulative coal imports were 77.222 million tons, a year - on - year increase of 1.45% [2] Demand Situation - This week, the molten iron output is expected to bottom out and rebound, and the procurement of raw materials by coking and steel enterprises has warmed up [2]

Group 1: Energy Production Overview - In January and February, the production of raw coal remained stable, while crude oil production shifted from decline to growth, natural gas production showed steady growth, and electricity production accelerated [1][2][4][7][9]. Group 2: Raw Coal, Crude Oil, and Natural Gas Production - The production of raw coal in large-scale industries was 760 million tons, with a year-on-year decrease of 0.3%, narrowing the decline by 0.7 percentage points compared to December 2025; the average daily output was 12.93 million tons [2]. - Crude oil production in large-scale industries reached 35.73 million tons, marking a year-on-year increase of 1.9%, reversing a previous decline of 0.6% in December 2025; the average daily output was 606,000 tons [4]. - The processing of crude oil also maintained growth, with a processing volume of 122.63 million tons, reflecting a year-on-year increase of 2.9%; the average daily processing was 2.079 million tons [4]. - Natural gas production in large-scale industries was 44.6 billion cubic meters, with a year-on-year increase of 2.9%; the average daily output was 7.6 billion cubic meters [7]. Group 3: Electricity Production Situation - The electricity production in large-scale industries reached 1,571.8 billion kilowatt-hours, with a year-on-year growth of 4.1%, accelerating by 4.0 percentage points compared to December 2025; the average daily generation was 26.64 billion kilowatt-hours [9]. - By type, thermal power production turned from decline to growth with a year-on-year increase of 3.3%, compared to a decline of 3.2% in December 2025; hydropower growth accelerated to 6.8%, an increase of 2.7 percentage points; nuclear power growth slowed to 0.8%, down by 2.3 percentage points; wind power growth was 5.3%, slowing by 3.6 percentage points; solar power growth was 9.9%, slowing by 8.3 percentage points [9].

| 运营指标 | 单位 | 2026 | 年 | 2 月 | 2025 | 年 | | 2 | 月 | | 同比变化（%） | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 本月 | | 累计 | 本月 | | 累计 | | 累计 | | | | 原煤产量 | 万吨 | 420 | | 920 | 460 | | 3.72 | | 887 | | | | 商品煤销量 | 万吨 | 361 | | 799 | 403 | | 2.70 | | 778 | | | | | | | | | | | | | | 本月 -8.70 -10.42 | | 以上主要运营数据来自本公司初步统计，可能与公司定期报告披 露的数据有差异，仅供投资者及时了解公司生产经营状况，不对公司 未来经营状况作出预测或承诺，敬请广大投资者理性投资，注意投资 风险。 特此公告。 山西潞安环保能源开发股份有限公司董事会 山西潞安环保能源开发股份有限公司 2026 年 2 主要运营数据公告 本公司董事会及全体董事保证本公告内容不存在任何虚 ...

Summary of Shanxi Coal International Conference Call Company Overview - **Company**: Shanxi Coal International - **Industry**: Coal Production and Trade Key Points Production and Sales Targets - The target for raw coal production in 2026 is set at **35 million tons**, with sales expected to be between **26 to 27 million tons**. The company anticipates maintaining this production and sales level over the next two years [2][3] Impact of Indonesian Coal Policies - The company expects limited impact from Indonesian coal policy changes on its overall import volume for 2026, despite a decline in imports starting from May 2025 [2][3] Domestic Coal Business Strategy - The company will not significantly increase its domestic coal business to compensate for potential import shortfalls, maintaining a stable approach to its domestic operations [4] Customer Demand and Service Offerings - There is a trend among downstream customers to substitute domestic coal for some imported coal. The company plans to provide comprehensive services, including production, supply, sales, trade, and transportation, to meet this demand [5] Production Flexibility - The company does not foresee significant flexibility in increasing raw coal production beyond the target of **35 million tons** in the near term [5][6] Production and Sales Rate - The current production and sales rate stands at approximately **80%**. The main factor affecting this rate is the company's strategy of comprehensive washing of raw coal to maximize resource utilization. Future improvements are expected through advancements in washing technology [6] Resource Expansion Strategy - The company is actively monitoring three new resource auctions in Shanxi province and plans to participate. Evaluation criteria for bidding include coal type, quality, geological conditions, and return on investment [7] Capital Expenditure and Dividend Policy - Future capital expenditures are planned to be controlled within **1.2 to 1.5 billion yuan**. The company aims to maintain a dividend payout ratio of no less than **60%** from 2024 to 2026 [9] Coal Price Outlook - Domestic coal prices are expected to have upward potential, targeting a range of **700 to 800 yuan/ton**. Key factors influencing this outlook include reductions in Indonesian coal supply, domestic demand, and the enforcement of coal production capacity policies [10][11] Current Projects and Restructuring - The restructuring plan for Hequ Open-pit Coal Industry is still in progress, with no significant updates or approvals received yet [6] M&A and Asset Injection Plans - The company currently has no plans for mergers, acquisitions, or asset injections [8]

Group 1 - The total production of primary energy in China is expected to reach 5.13 billion tons of standard coal by 2025, marking the first time it surpasses 5 billion tons, indicating significant energy supply achievements during the "14th Five-Year Plan" [2] - Non-fossil energy generation continues to grow rapidly, with coal-fired power generation experiencing its first decline in a decade. By 2025, the new non-fossil energy generation will account for 112.1% of the total new electricity consumption, with coal-fired power primarily serving as a backup and adjustment role [2] - Coal production is steadily increasing, with an expected output of 4.85 billion tons in 2025, a year-on-year growth of 1.4%, which is 3 percentage points lower than the average growth rate during the "14th Five-Year Plan" [2] Group 2 - Domestic crude oil production continues to rise, with an expected output of 216 million tons in 2025, a year-on-year increase of 1.5%. The crude oil import volume is projected to be 578 million tons, up 4.4% year-on-year, with a diversified import structure [2] - Natural gas production in China is expected to reach 262.06 billion cubic meters in 2025, marking a continuous increase for nine years, with a year-on-year growth of 6.3%. The total natural gas import volume is projected to be 176.46 billion cubic meters, down 2.8% year-on-year [3] - The dependence on foreign natural gas has reached a new low during the "14th Five-Year Plan," with the foreign dependence rate at 40% [3]

Core Insights - The National Bureau of Statistics of China released the "Statistical Bulletin on National Economic and Social Development for 2025," highlighting various industrial growth rates and production figures across sectors [1][2]. Industrial Growth - The value added of the agricultural and sideline food processing industry increased by 5.6% year-on-year, while the textile industry grew by 3.0% [1]. - The chemical raw materials and chemical products manufacturing industry saw a growth of 7.8%, and the general equipment manufacturing industry grew by 8.0% [1]. - The automotive manufacturing industry experienced significant growth at 11.5%, and the electrical machinery and equipment manufacturing industry grew by 9.2% [1]. - The production of solar cells (photovoltaic cells) reached 83,274.3 million kilowatts, marking a year-on-year increase of 7.6% [1][2]. Production Data - In 2025, the output of various products included: - Refined copper: 1,472,000 tons, up 10.4% - New energy vehicles: 1,652,400 units, up 25.1% - Industrial robots: 77,300 sets, up 28.0% - Solar photovoltaic panels: 83,274.3 million kilowatts, up 7.6% [2]. - The total profit of industrial enterprises above designated size was 739.82 billion yuan, a 0.6% increase from the previous year [2]. Energy Production - China's solar power generation reached 1,173.24 billion kilowatt-hours, reflecting a substantial year-on-year growth of 39.8% [3][5]. - The total electricity generation was 10,575.25 billion kilowatt-hours, with thermal power generation slightly declining by 0.7% [5].

Report Industry Investment Rating - Not provided Core View of the Report - During the important national conference, steel mills are expected to implement phased emission reduction controls, putting pressure on the rigid demand for coking coal and other furnace materials. The supply and demand mismatch during the mine's resumption of production may cause the prices of coking coal and coke to perform weaker than those of finished products [2] Summary by Relevant Catalog Market Performance - Yesterday, the futures prices of the ferrous metal sector fluctuated and declined, with coking coal and coke performing relatively weaker [2] Policy Impact - Some steel enterprises in North China have received a notice of temporary independent emission reduction during the 2026 national important conference from March 4th to March 11th, which requires enterprises to implement phased emission reduction control with a blast furnace load reduction of no less than 30%. This emission reduction news has made it difficult for coking coal and coke prices to rebound [2] Supply Side - This week, coal mines have officially entered the peak period of resumption of production, and most private coal mines have started to resume production. The daily production of raw coal and clean coal this week is 1.516 million tons and 649,000 tons respectively, an increase of 430,000 tons and 190,000 tons compared with the previous week. The Ganqimaodu Port of Mongolian coal has resumed customs clearance, with a customs clearance volume of about 180,000 tons on February 23rd, and the inventory in the port supervision area is still at a relatively high level [2] Demand Side - This week, the average daily hot metal output of steel mill blast furnaces is about 2.33 million tons. Affected by the environmental protection and emission reduction policy next week, the growth rhythm of hot metal output is expected to slow down [2]