Core Viewpoint - The company plans to shut down low calorific value coal-fired power units and dissolve related subsidiaries due to non-compliance with energy consumption and environmental standards, resulting in continuous losses and unsustainable operations [2][4][6]. Summary by Sections Company Overview - Anhui Hengyuan Coal Power Co., Ltd. is announcing the shutdown of three subsidiaries: Hengli Electric Power, Xinyuan Thermal Power, and Chuangyuan Power, which operate low calorific value coal-fired power units [1][2]. Financial Performance of Subsidiaries - Hengli Electric Power: - Established in January 2003 with a capacity of 2×6MW - Total assets as of 2024: 10.68 million, net assets: 4.80 million, 2024 revenue: 40.09 million, net profit: -19.45 million [3] - Xinyuan Thermal Power: - Established in December 2005 with a capacity of 2×15MW - Total assets as of 2024: 196.38 million, net assets: 178.58 million, 2024 revenue: 42.42 million, net profit: -25.69 million [3] - Chuangyuan Power: - Established in October 2006 with a capacity of 2×12MW - Total assets as of 2024: 51.68 million, net assets: 37.30 million, 2024 revenue: 38.72 million, net profit: -58.59 million [3]. Reasons for Shutdown and Dissolution - The subsidiaries have been repeatedly listed for shutdown due to failure to meet energy consumption and environmental standards, leading to continuous losses and unsustainable operations [4][6]. - Specific energy consumption targets set by the Anhui Provincial Energy Bureau have not been met, with required reductions from 583.51g/kWh to 340g/kWh for Hengli Electric Power, 537.73g/kWh to 340g/kWh for Xinyuan Thermal Power, and 563.01g/kWh to 340g/kWh for Chuangyuan Power [6]. Decision-Making Process - The decision to shut down the power units and dissolve the subsidiaries was approved by the company's board on August 20, 2025 [7]. Impact on the Company - The shutdown of the subsidiaries is expected to reduce losses and improve the overall profitability of the company in the long term, with no significant short-term adverse effects on production and operations [7].

证券代码：600971 证券简称：恒源煤电 公告编号：2025-036 安徽恒源煤电股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： ???会议召开时间：2025 年 9 月 4 日(星期四)16:00-17:00 ? 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） ? 会议召开方式：上证路演中心网络互动 ???投资者可于 2025 年 8 月 28 日(星期四)至 9 月 3 日(星期三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮 箱 283563672@qq.com 进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 安徽恒源煤电股份有限公司（以下简称"公司" ）已于 2025 年 深入地了解公司 2025 年上半年经营成果、 财务状况， 公司计划于 2025 年 9 月 4 日 16:00-17:00 举行 2025 年半年度业绩说明会，就投资者 ...

重要内容提示： 证券代码：600971 证券简称：恒源煤电 公告编号：2025-036 安徽恒源煤电股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 投资者可于2025年8月28日(星期四)至9月3日(星期三)16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮 箱 283563672@qq.com 进行提问。公司将在说明会上对投资者普遍关 注的问题进行回答。 安徽恒源煤电股份有限公司（以下简称"公司"）已于 2025 年 08 月 22 日发布公司 2025 年半年度报告，为便于广大投资者更全面 深入地了解公司 2025 年上半年经营成果、财务状况，公司计划于 2025 年 9 月 4 日 16:00-17:00 举行 2025 年半年度业绩说明会，就投资者 关心的问题进行交流。 一、 说明会类型 本次业绩说明会以网络互动形式召开，公司将针对 2025 年半年 会议召开时间：2025 年 9 月 4 日(星期四)16:00-17:00 会议召开地点 ...

证券代码：600971 证券简称：恒源煤电 公告编号：2025-035 安徽恒源煤电股份有限公司 关于关停公司部分火电机组及注销相关子公司的公告 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个别及 连带责任。 近年来，因国家产业及环保政策变化，能耗及环保指标趋严，公司下 属三个子公司安徽恒力电业有限责任公司（以下简称"恒力电业"）、淮北 新源热电有限公司（以下简称"新源热电"）、宿州创元发电有限责任公司 （以下简称"创元发电"）下的低热值煤火电机组，虽经多次环保、节能 技术改造，能耗及环保指标仍无法达到相关规定标准要求。考虑继续投资 改造的不经济及实际经营和盈利能力不足等不利因素，公司拟关停上述三 个子公司下的低热值煤火电机组，同时将恒力电业、新源热电两公司解散 注销。 因子公司恒源芬雷选煤工程技术（天津）有限公司（以下简称"恒源 芬雷"）的服务对象煤矿调整优化煤炭生产、洗选组织和系统，分别逐步 将洗煤厂改为自主运维，恒源芬雷在现有托管运营合同到期后已无具体经 营业务，后续没有拓展新业务的空间，公司拟解散注销恒源芬雷。 现就相关具体情 ...

证券代码：600971 证券简称：恒源煤电 公告编号：2025-034 安徽恒源煤电股份有限公司 关于使用闲置自有资金开展投资理财业务的公告 重要内容提示： 基本情况 | 投资金额 | 不超过 | 12.36 亿元 | | --- | --- | --- | | 投资种类 | | 证券公司低风险理财产品、证券交易所国债逆 | | | 回购 | | | 资金来源 | 自有资金 | | 已履行及拟履行的审议程序 公司 2025 年 8 月 20 日第八届董事会第十七次会议审议通过了 《关于使用闲置自有资金开展投资理财业务的议案》，自董事 会审议通过后 12 个月内有效。 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。 特别风险提示 公司拟开展的相关投资理财业务，投资风险小，在可控范围内， 但投资收益受市场波动影响存在不确定性。 一、投资情况概述 （一）投资目的 公司拟自行购买证券公司发行的低风险理财产品和证券交易所 国债逆回购两种低风险理财产品。 公司拟在保证不影响日常经营和保证资金安全性的情况下，为合 理利用暂时闲置资金，持续 ...

安徽恒源煤电股份有限公司 关于安徽省皖北煤电集团财务有限公司的 风险评估报告 按照中国证监会及上海证券交易所相关工作要求，安徽 恒源煤电股份有限公司（以下简称"本公司"）通过查验安 徽省皖北煤电集团财务有限公司（以下简称"皖北煤电财务 公司"）《金融许可证》、《企业法人营业执照》等证件资料， 并查阅了皖北煤电财务公司截至 2025 年 6 月底财务报表及 相关数据指标（未经审计），对皖北煤电财务公司的经营资 质、业务与风险状况进行了评估，具体情况报告如下： 一、皖北煤电财务公司基本情况 皖北煤电财务公司成立于 2014 年 4 月 16 日，是经中国 银行业监督管理委员会批准成立的非银行金融机构。 法定代表人：陈凤 金融许可证机构编码：L0195H334130001 统一社会信用代码：91341300098005714H 注册资本：100,000 万元，其中：安徽省皖北煤电集团 有限责任公司为 60%，本公司持股 40%。 经营范围：吸收成员单位存款；办理成员单位贷款；办 理成员单位票据贴现；办理成员单位资金结算与收付；提供 成员单位委托贷款、债券承销、非融资性保函、财务顾问、 信用鉴证咨询代理业务；从事同业 ...

证券代码：600971 证券简称：恒源煤电 公告编号：2025-033 安徽恒源煤电股份有限公司 安徽恒源煤电股份有限公司（以下简称"公司"）第八届监事会第十 一次会议通知于 2025 年 8 月 13 日以电子邮件、电话确认方式发出，会 议于 2025 年 8 月 20 日在公司九楼会议室召开。会议应到监事 4 人，全 体监事出席了会议，会议由监事会主席王庆领先生主持。会议召开符合 《公司法》、《公司章程》和《公司监事会议事规则》的规定。 与会监事经审议表决，一致通过以下决议： 审议通过公司《2025年半年度报告全文及摘要》 公司监事会认为：公司 2025 年半年度报告编制和审议程序符合法律、 法规、公司章程和公司内部管理制度的各项规定；半年度报告的内容和 格式符合中国证监会和上海证券交易所的各项规定，所包含的信息能从 各个方面真实地反映出公司当期的经营管理和财务状况等事项；在提出 本意见前，未发现参与半年度报告编制和审议的人员有违反保密规定的 行为。 公司监事会全体监事保证公司2025年半年度报告所载资料不存在任 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。 ...

证券代码：600971 证券简称：恒源煤电 公告编号：2025-032 安徽恒源煤电股份有限公司 第八届董事会第十七次会议决议公告 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。 二、董事会会议审议情况 1、审议通过公司《2025年半年度报告全文及摘要》 本议案已经公司审计委员会 2025 年第三次会议审议通过，同意 公司 2025 年半年度报告及摘要内容，并同意将公司《2025 年半年度 报告及摘要》提交董事会审议。 表决结果：同意8票，反对0票，弃权0票。 具体内容详见公司于2025年8月22日在上海证券交易所网站 （www.sse.com.cn）披露的《恒源煤电2025年半年度报告》及《恒源 煤电2025年半年度报告摘要》。 1 2、审议通过公司《关于安徽省皖北煤电集团财务有限公司的风 险评估报告》 本议案已经公司 2025 年第二次独立董事专门会议审议通过，同 意该议案并同意提交董事会审议。 表决结果：同意 5 票，反对 0 票，弃权 0 票。 一、董事会会议召开情况 安徽恒源煤电股份有限公司（以下简称"公司"）第八 ...

Financial Performance - The company's operating revenue for the first half of 2025 was approximately ¥2.38 billion, a decrease of 38.94% compared to ¥3.89 billion in the same period last year[20]. - The total profit for the first half of 2025 was a loss of approximately ¥89.83 million, a decline of 109.97% from a profit of ¥901.33 million in the previous year[20]. - The net profit attributable to shareholders for the first half of 2025 was a loss of approximately ¥129.21 million, down 117.04% from a profit of ¥758.48 million in the same period last year[20]. - The net cash flow from operating activities for the first half of 2025 was approximately -¥229.13 million, a decrease of 123.82% compared to ¥961.86 million in the previous year[20]. - The weighted average return on net assets for the first half of 2025 was -1.09%, a decrease of 6.96 percentage points from 5.87% in the previous year[20]. - The basic earnings per share for the first half of 2025 were -¥0.1077, a decline of 117.03% compared to ¥0.6321 in the same period last year[20]. - The diluted earnings per share for the first half of 2025 were also -¥0.1077, reflecting the same decline as the basic earnings per share[20]. Revenue and Sales - The company's coal production decreased by 3.51% to 4.7682 million tons, while the sales volume dropped by 13% to 3.3768 million tons, leading to a significant decline in revenue[24]. - The company's main business revenue from coal sales was 2.236 billion RMB, down 39.65% year-on-year[24]. - The average selling price of coal decreased by 292.36 RMB/ton, a decline of 30.63%, which negatively impacted profitability[25]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥19.53 billion, a decrease of 4.89% from ¥20.53 billion at the end of the previous year[20]. - The net assets attributable to shareholders at the end of the reporting period were approximately ¥11.92 billion, a decrease of 3.60% from ¥12.37 billion at the end of the previous year[20]. - Cash and cash equivalents decreased by 7.19% to ¥5,021,185,855.93, accounting for 25.71% of total assets[31]. - Trade financial assets decreased by 62.29% to ¥202,827,342.89, primarily due to a reduction in held financial products[31]. - Accounts receivable decreased by 33.33% to ¥107,720,911.89, attributed to a decline in coal revenue[31]. - Inventory increased by 26.41% to ¥297,334,094.37, indicating a rise in stock levels[31]. - Short-term borrowings increased by 17.67% to ¥749,474,872.57, reflecting a rise in financing needs[31]. - Long-term borrowings increased by 59.09% to ¥1,034,600,000.00, due to the renewal of long-term loans[32]. Financial Risks and Challenges - The company faces significant risks including fluctuations in coal prices and potential safety hazards in mining operations, which could impact future performance[7]. - The coal mining industry is facing oversupply, price declines, and profit reductions, with a stable growth in production but slow demand growth[23]. Corporate Governance and Compliance - The company has committed to avoiding any conflicts of interest with its controlling shareholder, ensuring independent decision-making in financial operations[47]. - The company has not faced any non-operating fund occupation issues from its controlling shareholder or related parties during the reporting period[48]. - The company has not reported any violations or guarantees during the reporting period[48]. - The company has five subsidiaries included in the environmental information disclosure list, ensuring compliance with environmental regulations[44]. Shareholder Information - The total number of ordinary shareholders as of the end of the reporting period is 40,794[64]. - The largest shareholder, Anhui North Coal Electricity Group, holds 659,538,889 shares, representing 54.96% of the total shares[66]. Cash Flow and Financing Activities - The cash flow from operating activities for the first half of 2025 was a net outflow of ¥229,132,561.14, compared to a net inflow of ¥961,859,418.79 in the first half of 2024[94]. - The cash flow from investing activities generated a net inflow of ¥11,563,636.79 in the first half of 2025, compared to a net outflow of ¥356,622,743.08 in the same period of 2024[94]. - The cash flow from financing activities resulted in a net outflow of ¥360,511,742.16 in the first half of 2025, compared to a net outflow of ¥1,054,496,224.16 in the first half of 2024[95]. Legal Matters - The company reported a significant inventory discrepancy of 6,181.481 tons of scrap steel as of August 31, 2022, leading to a lawsuit against Jinye Company for compensation of losses[49]. - The court ruled to freeze assets of Jinye Company and its actual controller, Sun Wenlei, with a preservation amount of 12.4 million yuan, split into two limits of 6.2 million yuan each[49]. - The company has ongoing litigation related to economic crimes involving Jinye Company, with the court's decision pending[49]. Future Outlook - The company plans to expand its market presence, focusing on new product development and technological advancements[108]. - The company has set a future revenue guidance of 15% growth for the next fiscal year, indicating confidence in market conditions[108].

Group 1 - The company reported a revenue of 2.377 billion yuan for the first half of 2025, representing a year-on-year decline of 38.94% [1] - The net profit for the same period was a loss of 129 million yuan, compared to a net profit of 758 million yuan in the previous year [1]