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个别及连带责任。 2．战略性稀有金属镓等资源丰富，增厚矿井资产价值。两座煤矿煤下铝储 量评审备案相继落地，不仅确定了丰富的优质煤下铝资源，更估算出可观的伴生 战略性稀有金属镓储量。镓作为国家战略性稀有金属，将进一步增厚公司资产禀 赋价值，丰富公司优质矿产资源储备，提升公司核心竞争力和长远发展潜力。 一、煤下铝项目进展情况 根据《山西省自然资源厅关于进一步完善矿产资源勘查开采管理若干事项的 通知》（晋自然资规〔2024〕2号）相关规定，永泰能源集团股份有限公司（以 下简称"公司"）正有序推进所属森达源、金泰源等8座煤矿煤下铝采矿权获取工 作，其中：森达源煤矿铝土及伴生资源已完成储量评审备案，查明拥有丰富的铝 土矿和战略性稀有金属镓等矿产资源。近日，公司所属金泰源煤矿亦取得了山西 省自然资源厅下发的《关于<山西省灵石县山西灵石华瀛金泰源煤业有限公司采 矿权深部（曲村区）铝土矿详查报告>评审备案的复函》（晋自然资储备字〔2026〕 15号），予以通过金泰源煤矿矿产资源储量评审备案。有关金泰源煤矿本 ...

证券日报网讯2月10日，永泰能源（600157）在互动平台回答投资者提问时表示，截至2026年1月31日， 公司已回购股份350万股，本次股份回购期限为2025年12月22日至2026年12月21日。 ...

证券日报网讯2月10日，永泰能源（600157）在互动平台回答投资者提问时表示，公司2025年年度业绩 预告已按上市公司信息披露规定于2026年1月31日在上海证券交易所网站披露，敬请查阅。 ...

格隆汇2月10日丨永泰能源(600157.SH)在投资者互动平台表示，目前公司不涉及与京能集团合作事项， 京能集团未对公司进行尽职调查。 ...

Investment Rating - The investment rating for the coal industry is "Positive" (maintained) [1] Core Viewpoints - The report indicates that coal prices are expected to recover gradually to a reasonable price level of around 750 CNY/ton, influenced by supply constraints and increasing demand due to seasonal factors [3][5] - The report highlights that the price of thermal coal has reached a turning point, with a projected upward trajectory supported by policy adjustments and market dynamics [5][14] - The focus on both cyclical recovery and dividend stability presents a dual investment logic for coal stocks, suggesting that now is an opportune time for investment [6][15] Summary by Sections Investment Logic - Thermal coal prices are expected to rise through a four-step process: repairing central and local long-term contracts, reaching the coal-electricity profit-sharing line, and potentially exceeding the breakeven point for power plants, estimated at 860 CNY [5][14] - Coking coal prices are more influenced by supply-demand fundamentals, with target prices based on the ratio of coking coal to thermal coal prices [5][14] Key Market Indicators - As of February 6, the price of Qinhuangdao Q5500 thermal coal was 695 CNY/ton, reflecting a slight increase of 3 CNY from the previous week [3][20] - The report notes a decrease in the production rate of coal mines, with the operating rate for 442 coal mines in Shanxi, Shaanxi, and Inner Mongolia at 82.7% [20][21] Investment Recommendations - The report suggests four main lines for selecting coal stocks: 1. Cyclical logic: companies like Jinko Coal and Yanzhou Coal 2. Dividend logic: China Shenhua and Zhongmei Energy 3. Diversified aluminum elasticity: Shenhuo Co. and Electric Power Investment 4. Growth logic: Xinjie Energy and Guanghui Energy [6][15] Company Performance - The coal index experienced a slight decline of 0.62%, outperforming the CSI 300 index by 0.71 percentage points [8][24] - Major coal companies showed varied performance, with some experiencing significant gains while others faced declines [24][26]

Core Viewpoint - Yongtai Energy has made substantial progress in the full industry chain layout of vanadium flow battery energy storage since its commitment to the energy storage sector [2] Resource Aspect - The company possesses a vanadium pentoxide resource amounting to 158.89 million tons, providing essential upstream support for its energy storage business [2] Technology Aspect - The company's Singapore-based subsidiary, Vnergy, has developed the world's first generation of solid-state capacity-enhancing materials, which have reduced the cost of positive electrolyte by 40% to 60% and expanded the operational temperature range to 5°C to 70°C, significantly improving environmental adaptability while being fully compatible with existing stacks [2] - The self-developed 32kW-level stack product has completed iteration, achieving a current density of 167 mA/cm² and maintaining an energy efficiency of over 80%, with core performance indicators reaching advanced domestic levels [2] - Continuous innovation in battery management systems and key component structures has led to a total of 42 patents, including 29 invention patents [2] Project Aspect - The first MW-level energy storage station, the Nanshan integrated solar-storage energy station, developed using the company's core technology, has been operational for over a year, successfully validating the reliability of the technology and the commercial model [2]

Core Viewpoint - Yongtai Energy's stock price is currently not reflecting its actual value due to multiple factors including macroeconomic conditions, industry cycles, and market preferences for capital [2] Group 1 - The company stated that its stock price is influenced by a combination of macroeconomic factors, industry cycles, and market capital preferences [2] - Yongtai Energy is unable to ascertain whether there is any price manipulation affecting its stock [2] - The company's production and operations are normal, and there are no undisclosed matters that need to be reported [2]

Core Viewpoint - The company is actively advancing its shale gas project in accordance with national requirements and technical standards [1] Group 1: Shale Gas Project - The shale gas project is progressing as per the guidelines set by relevant national departments [1] Group 2: Vanadium Flow Battery Energy Storage Project - The vanadium flow battery energy storage project has completed the standardization of the new generation stack and is preparing for large-scale production of key materials [1] - Internal scenario verification of technical feasibility and preliminary business model is underway [1] Group 3: Coal-to-Aluminum Project - The coal-to-aluminum project at the Senda Yuan coal mine has completed resource reserve filing [1] - The company is preparing the "Bauxite Resource Development and Mining Environmental Protection and Land Reclamation Plan" and the "Green Mine Construction Implementation Plan" and is applying for mining rights certificates [1] Group 4: Share Buyback - As of January 31, 2026, the company has repurchased 3.5 million shares, amounting to 5.53 million yuan [1]

Group 1 - The coal mining sector experienced a significant increase of 7.75% on February 4, with Hengyuan Coal Power leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] - Key stocks in the coal mining sector showed substantial price increases, with Hengyuan Coal Power rising by 10.08% to a closing price of 7.21, and other notable increases from Kailuan Shares and Shanxi Coking Coal, both up by 10.01% [1] Group 2 - The coal mining sector saw a net inflow of 2.132 billion yuan from main funds, while retail investors experienced a net outflow of 1.171 billion yuan [1] - Major stocks like Dazhou Energy and Shanxi Coking Coal had significant main fund inflows, with Dazhou Energy receiving 2.07 billion yuan, representing 24.49% of its trading volume [2] - Retail investors showed a negative trend, with significant outflows from stocks such as Zhongmei Energy and Shanxi Coking Coal, indicating a shift in investor sentiment [2]

Group 1 - The company has approved a share repurchase plan using its own and raised funds, with a total repurchase amount between 300 million yuan and 500 million yuan, and a maximum repurchase price of 2.50 yuan per share [1] - The repurchase period is set for 12 months, starting from the date of the shareholders' meeting approval [1] - The company has reported that as of January 31, 2026, it has repurchased 3,500,000 shares, accounting for 0.02% of the total share capital, with a total expenditure of 5,530,000 yuan [3] Group 2 - The company will adhere to relevant regulations and make repurchase decisions based on market conditions during the repurchase period [4] - The company is committed to timely information disclosure regarding the progress of the share repurchase [4]