证券代码：600256 证券简称：广汇能源 公告编号：2024-094 广汇能源股份有限公司 关于聘任会计师事务所的公告 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。 重要内容提示： 变更会计师事务所的简要原因：基于综合考虑公司业务发展实际需 要及审计工作整体安排需求，为进一步推进公司2024年审计工作有序开展， 经根据《国有企业、上市公司选聘会计师事务所管理办法》《广汇能源股 份有限公司会计师事务所选聘制度》等相关制度规定核查选聘，公司拟聘 任中兴华会计师事务所（特殊普通合伙）为公司2024年度财务审计和内控 审计机构，聘期一年。公司已就该事项与前、后任会计师事务所进行了充 分沟通，两家会计师事务所已明确知悉本次变更聘任事项并确认无异议做 好接续工作。 公司董事会、监事会及董事会审计委员会均对变更聘任会计师事务 所相关事项出具了无异议的确认意见。 本次聘任会计师事务所事项尚需提交公司股东大会审议，并自公司 股东大会审议通过之日起生效。 广汇能源股份有限公司（简称"公司"）于 2024年11月8日召开了董 事会第九届第十二 ...

证券代码：600256 证券简称：广汇能源 公告编号：2024-093 （一）审议通过了《广汇能源股份有限公司关于聘任会计师事务所的 议案》，表决结果：同意 11 票、反对 0 票、弃权 0 票。 广汇能源股份有限公司 董事会第九届第十二次会议决议公告 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。 重要内容提示： 无董事对本次董事会议案投反对或弃权票。 本次董事会议案全部获得通过。 一、董事会会议召开情况 （一） 本次董事会会议的召开符合《公司法》《证券法》和《公司章 程》的有关规定。 （二） 本次会议通知于 2024 年 11 月 7 日以通讯方式向各位董事发 出。 （三） 本次董事会于 2024 年 11 月 8 日以通讯方式召开；应收到《议 案表决书》11 份，实际收到有效《议案表决书》11 份。 二、董事会会议审议情况 基于综合考虑公司业务发展实际需要及审计工作整体安排需求，为进 一步推进公司2024年审计工作有序开展，根据相关制度核查选聘，同意聘 任中兴华会计师事务所（特殊普通合伙）为公司2024年度财务审计和内 ...

证券代码：600256 证券简称：广汇能源 公告编号：2024-096 广汇能源股份有限公司 监事会第九届第十一次会议决议公告 本公司监事会及全体监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。 重要内容提示： 二、监事会会议审议情况 审议通过了《广汇能源股份有限公司关于聘任会计师事务所的议案》， 表决结果：同意 5 票、反对 0 票、弃权 0 票。 经核查，中兴华会计师事务所（特殊普通合伙）具备应有的执业资质 及专业胜任能力等，能够满足公司审计需求，同意聘请其为公司2024年度 财务审计和内控审计机构，聘期一年；同意2024年度会计师事务所审计费 用标准为人民币400万元（不含税、不包括差旅费），其中：2024年度公司 财务报告审计费用为240万元、内部控制审计费用为160万元。公司已就本 次聘任事项与前后任会计师事务所进行了充分沟通，两家会计师事务所已 明确知悉本次变更聘任事项并确认无异议做好接续工作。 同意提交公司股东大会审议。 具体内容详见公司于 2024 年 11 月 9 日在上海证券交易所网站 1 一、监事会会议召开情况 （一） 本 ...

广汇能源股份有限公司独立董事专门会议 2024 年第五次会议的审核意见 根据《上市公司独立董事管理办法》《上海证券交易所股票上市规 则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》及 《公司独立董事专门会议实施细则》等相关规定，广汇能源股份有限公 司（简称"公司"）独立董事于 2024 年 11 月 7 日召开了独立董事专门 会议 2024 年第五次会议，对《广汇能源股份有限公司关于聘任会计师 事务所的议案》进行了事前审核，表决结果：同意 4 票、反对 0 票、弃 权 0 票，审议通过并发表审核认可意见如下： 独立董事认为，通过对中兴华会计师事务所（特殊普通合伙）选聘 程序、专业胜任能力、投资者保护能力、独立性及诚信状况等方面进行 认真审核和评价，确认其具备相应的执业资质及胜任能力，且具有对上 市公司审计工作的丰富经验和职业素养；同时变更选聘会计师事务所的 理由充分、恰当，前、后任会计师事务所均已知悉且无异议，能确保积 极做好接续及配合工作，符合公司有序推进 2024 年度审计工作的实际 需求。我们一致同意聘任中兴华会计师事务所（特殊普通合伙）为公司 2024 年度审计机构，同意将《广汇能源股 ...

证券代码：600256 证券简称：广汇能源 公告编号：2024-095 广汇能源股份有限公司 关于召开 2024 年第四次临时股东大会的通知 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。 重要内容提示： 股东大会召开日期：2024年11月25日 本次股东大会采用的网络投票系统：上海证券交易所股东大会 网络投票系统 一、召开会议的基本情况 （一）股东大会类型和届次 2024 年第四次临时股东大会 （二）股东大会召集人：董事会 （三）投票方式：本次股东大会所采用的表决方式是现场投票和网络 投票相结合的方式 （四）现场会议召开的日期、时间和地点 召开的日期时间：2024 年 11 月 25 日 16 点 30 分 召开地点：乌鲁木齐市新华北路 165 号中天广场 27 楼会议室 （五）网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 采用上海证券交易所网络投票系统，通过交易系统投票平台的投 票时间为股东大会召开当日的交易时间段，即9:15-9:25,9:30-11:30， 13:00-15: ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7][9]. Core Views - The company reported a significant decline in revenue and net profit for the first three quarters of 2024, with revenue at 26.391 billion yuan, down 46.76% year-on-year, and net profit at 2.003 billion yuan, down 58.72% year-on-year. The third quarter alone saw revenue of 9.143 billion yuan, a decrease of 36.87%, and net profit of 548 million yuan, down 24.90% [4][5]. - Despite the challenges, the company is experiencing a substantial increase in coal production and sales, with third-quarter coal production rising by 168.67% year-on-year to 11.8863 million tons and sales increasing by 91.05% to 12.8963 million tons [5]. - The company has approved the development of the Marang coal mine, which is expected to significantly enhance production capacity [5]. - The company emphasizes shareholder returns, distributing a cash dividend of 0.7 yuan per share, resulting in a dividend yield of 8.73% based on the closing price of 8.02 yuan on November 4, 2024 [6][9]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved total revenue of 26.391 billion yuan, a decrease of 46.76% year-on-year, and a net profit of 2.003 billion yuan, down 58.72% year-on-year. In Q3, revenue was 9.143 billion yuan, down 36.87%, and net profit was 548 million yuan, down 24.90% [4][5]. - The average price of domestic LNG increased by 19.49% year-on-year to 4823.04 yuan per ton, while the sales volume of natural gas in Q3 was 713,200 tons, down 27.73% year-on-year [4]. Production and Capacity - The company has accelerated the release of high-quality coal production capacity, with the Bai Shihu coal mine's production capacity increased to 35 million tons per year and the Marang No. 1 coal mine approved for a capacity of 10 million tons per year [5]. - The total coal production for the first three quarters reached 21.653 million tons, a year-on-year increase of 32.80%, while coal sales reached 28.6064 million tons, up 24.97% year-on-year [5]. Strategic Developments - The company has entered into a partnership with Xinjiang Shun'an Energy Co., Ltd., transferring 40% of its subsidiary's equity for 2.049 billion yuan, which is expected to expedite the development of the eastern coal mine [6]. - The company has committed to distributing at least 90% of the average annual distributable profits to shareholders from 2022 to 2024, with a guaranteed dividend of 0.70 yuan per share [6]. Earnings Forecast - The expected EPS for 2024, 2025, and 2026 are 0.54 yuan, 0.93 yuan, and 1.10 yuan respectively, with corresponding PE ratios of 14.91X, 8.60X, and 7.27X based on the closing price on November 4, 2024 [7].

Investment Rating - The report maintains an "Accumulate-A" investment rating for Guanghui Energy (600256.SH) [1][5] Core Views - The coal production has officially been released, and there are expectations for improvement in trade gas in Q4 [1][2] - The company reported a significant increase in coal production and sales in Q3, driven by the commissioning of the Malang mine and improved mining conditions at Baishihu [2][3] - The LNG trade volume decreased due to low trade price differentials, but there is an expectation for recovery in Q4 as price differentials improve [2][3] - The company has seen a reduction in coal chemical product output, primarily due to annual maintenance of coal chemical facilities [3] - Future growth is anticipated with the approval of increased production capacity at Baishihu and Malang mines, which is expected to enhance profitability in the coal sector [3][5] Financial Performance Summary - For the first nine months of 2024, the company achieved total revenue of 26.391 billion yuan, a decrease of 46.76% year-on-year, and a net profit of 2.003 billion yuan, down 58.72% year-on-year [1][4] - The company's coal production reached 21.653 million tons, an increase of 32.8% year-on-year, with Q3 production alone at 11.886 million tons, up 168.68% year-on-year [2][4] - The net asset return rate was 6.36%, a decrease of 8.02 percentage points year-on-year [1][4] - The projected EPS for 2024-2026 is 0.42, 0.67, and 0.89 yuan, respectively, with corresponding dynamic PE ratios of 18.1, 11.4, and 8.6 times [5][7] Financial Data and Valuation - The company’s revenue is projected to decline by 29.5% in 2024, followed by a recovery of 21.7% in 2025 and 20.6% in 2026 [4][7] - The gross profit margin is expected to be 14.2% in 2024, improving to 16.3% in 2025 and 16.8% in 2026 [4][7] - The net profit margin is projected to be 6.4% in 2024, increasing to 8.3% in 2025 and 9.2% in 2026 [4][7] - The company’s total assets as of September 30, 2024, were 58.563 billion yuan, a decrease of 6.34% year-on-year [1][4]

证券代码：600256 证券简称：广汇能源 公告编号：2024-092 国证券报》披露的 2024-054、055、056、057、058、059、061、062、 063 及 064 号公告。 二、回购股份的进展情况 广汇能源股份有限公司 关于以集中竞价交易方式回购股份的进展公告 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。 | 回购方案首次披露日 | 2024/7/23 | | --- | --- | | 回购方案实施期限 | 公司股东大会审议通过后 12 个月 | | 预计回购金额 | 40,000 万元~80,000 万元 | | 回购用途 | √减少注册资本 | | | □用于员工持股计划或股权激励 | | | □用于转换公司可转债 | | | □为维护公司价值及股东权益 | | 累计已回购股数 | 31,825,700 股 | | 累计已回购股数占总股本比例 | 0.4847% | | 累计已回购金额 | 217,440,452.93 元 | | 实际回购价格区间 | 5.73 元/股~8.40 元/股 | 重 ...

Summary of Conference Call Transcripts Company and Industry Overview - The conference call primarily discusses **Guanghui Energy**, focusing on its coal production and sales performance, as well as its strategic initiatives in the coal and chemical industries. The company operates in the **coal industry** and is involved in coal mining, coal chemical production, and natural gas. Key Points and Arguments Financial Performance - In July, the company reported a loss of **1.7 billion**, but in August and September, it achieved profits of **2.7 billion** and **4.53 billion**, respectively, indicating a trend of profit recovery [1] - The company expects significant earnings elasticity in Q4, driven by an increase in coal production and sales [1][2] Production and Sales Forecast - The company anticipates maintaining a monthly coal production of **750 million tons** in Q4, with a target of **8 million tons** for the entire year [2] - In October, coal sales reached approximately **599 million tons**, up from **530 million tons** in September [1][2] Market Conditions - Coal prices are currently low but are expected to rebound due to seasonal demand as winter approaches [2][3] - The company is focused on stabilizing its coal sales and expanding its market reach, particularly in the central and eastern regions of China [20][21] Strategic Initiatives - The company is pursuing a partnership for the **Eastern Mining Area**, which is expected to enhance coal production capacity and align with local government policies promoting coal and chemical integration [4][5][9] - The partnership aims to expedite the approval process for mining operations, which is crucial for meeting production targets [9][10] Regional Production Insights - The coal production in Xinjiang is projected to grow significantly, with estimates suggesting an increase from **457 million tons** in 2023 to **1.2 billion tons** by 2035 [5] - The company is actively working on enhancing its coal chemical production capabilities to meet local government demands for integrated energy solutions [9][10] Cost and Pricing Dynamics - The average selling price of coal has seen fluctuations, with current prices ranging from **230 to 255 yuan** per ton, down from **270 to 300 yuan** earlier in the year [17] - The company expects production costs to stabilize around **150 yuan** per ton after a temporary increase due to rapid production scaling [35] Natural Gas and Chemical Production - The company is also involved in natural gas operations, with a focus on optimizing costs and enhancing profitability through strategic pricing and market positioning [29][30] - The coal chemical segment is expected to face pressure from increased competition and pricing from new entrants in the market [27] Future Outlook - The company projects that coal prices will improve in Q4, potentially increasing by **30 to 50 yuan** per ton, depending on weather conditions and overall market demand [22][37] - The long-term outlook for coal demand remains positive, with expectations of continued growth in consumption across various sectors [28] Additional Important Insights - The company is addressing concerns regarding the disparity between reported production capacity and actual output, emphasizing that regulatory processes can delay production ramp-up [23][24] - There is a strong commitment from local governments to support coal production as a means of driving economic growth and job creation in Xinjiang [25][26] This summary encapsulates the key discussions and insights from the conference call, highlighting Guanghui Energy's operational performance, market strategies, and future outlook in the coal industry.

Investment Rating - The report maintains a "Buy" rating for Guanghui Energy, expecting significant growth potential in its main business areas [1][4][15]. Core Views - The report highlights that Guanghui Energy has substantial coal resources with considerable capacity release potential, steady development in its natural gas business, and strong cost advantages in its coal chemical sector [4]. - The company is projected to achieve revenues of 50.443 billion yuan, 65.434 billion yuan, and 76.391 billion yuan for the years 2024, 2025, and 2026 respectively, with net profits of 4.251 billion yuan, 6.386 billion yuan, and 7.714 billion yuan during the same period [4][8]. Financial Performance Summary - **Revenue**: The company's revenue for 2022 was 59.409 billion yuan, with a slight increase to 61.475 billion yuan in 2023, but a projected decrease to 50.443 billion yuan in 2024 [1][9]. - **Net Profit**: The net profit for 2022 was 11.337 billion yuan, which dropped to 5.173 billion yuan in 2023, with an expected further decline to 4.251 billion yuan in 2024 [1][9]. - **EPS**: The earnings per share (EPS) were 1.73 yuan in 2022, reduced to 0.79 yuan in 2023, and projected to be 0.65 yuan in 2024 [1][10]. Business Segment Performance - **Coal Business**: The report indicates a significant increase in coal production and sales, with third-quarter production reaching 11.89 million tons, a 206.74% increase quarter-on-quarter and a 168.67% increase year-on-year [1][2]. - **Natural Gas Business**: The natural gas production was affected by maintenance in the coal chemical facilities, with a production of 1.19 billion cubic meters in the third quarter, a decrease of 33.51% quarter-on-quarter [1][2]. - **Coal Chemical Business**: The report notes a decline in the production of key products such as methanol and ethylene glycol, with methanol production at 18.64 thousand tons, down 35.79% quarter-on-quarter [2][3]. Future Outlook - The report anticipates a recovery in production and sales in the fourth quarter, particularly in the natural gas segment, as maintenance impacts are expected to ease [1][4]. - The company is also progressing on various projects, including the Marang coal mine and the Zaisang oil and gas field, which are expected to contribute positively to future performance [3][4].