周四新先生、刘杰先生的辞职报告，辞职报告自送达公司时生效，具体情况如下： | 姓名 | 离任职务 | | | 离任时间 | | | | 原定任期到期日 | | | 离任原因 | 是否继续 在上市公 司及其控 股子公司 | 具体职务 | 是否存在 未履行完 毕的公开 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | | | | | 任职 | | 承诺 | | 陈金华 | 董事、薪酬与考 核委员会委员 | 2025 | 年 | 12 | 月 5 | 日2027 | 年 | 9 月 | 25 | 日 | 工作需要 | 否 | / | 否 | | 周四新 | 董事、审计委员 会委员 | 2025 | 年 | 12 | 月 5 | 日2027 | 年 | 9 月 | 25 | 日 | 达到法定 退休年龄 | 否 | / | 否 | | 刘杰 | 职工董事、薪酬 与考核委员会 | 2025 | 年 | 12 | 月 5 | 日2027 | 年 | 9 ...

股票代码：600985 股票简称：淮北矿业 编号：临 2025—039 淮北矿业控股股份有限公司 关于 2026 年度日常关联交易预计的公告 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： 本事项已经公司第十届董事会第八次会议审议通过，尚需提交公司股东 会审议。 日常关联交易为公司正常生产经营所需，关联交易定价公允，不存在损 害本公司及非关联股东利益的情形，不会对公司持续经营能力造成影响，也不会 对公司独立性构成影响。 一、日常关联交易基本情况 （一）2026 年度日常关联交易预计事项履行的审议程序 2025 年 12 月 5 日，公司独立董事召开第十届董事会独立董事专门会议 2025 年第三次会议，经全体独立董事一致同意，审议通过《关于 2026 年度日常关联 交易预计的议案》。独立董事专门会议发表了如下审核意见：公司 2026 年度日 常关联交易预计为正常的生产经营及业务发展所需；交易遵循自愿、平等、公正 的原则，定价公平、合理，不存在损害公司及非关联股东利益尤其是中小股东利 益的情形。全体独立董事同意将该 ...

证券代码：600985 证券简称：淮北矿业 公告编号：2025-040 淮北矿业控股股份有限公司 关于财务公司与淮北矿业集团签署《金融服务协议补 充协议》暨关联交易的公告 本公司董事会、全体董事及相关股东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： 本次交易简要内容：公司控股子公司淮北矿业集团财务有限公司（下称 "财务公司"）拟与公司控股股东淮北矿业（集团）有限责任公司（下称"淮北 矿业集团"）签署《金融服务协议补充协议》，约定淮北矿业集团及其下属成员单 位（不含本公司及其合并报表范围内的下属公司、安徽华塑股份有限公司及其合 并报表范围内的下属公司，下同）在财务公司的每日最高存款余额（含应计利息） 由不超过 35 亿元调整至不超过 40 亿元；财务公司对淮北矿业集团及其下属成员 单位提供的授信额度、日贷款额度（含应计利息）均由不超过 35 亿元调整至不 超过 40 亿元。 | 关联方在财务公司每日最 高存款余额（含应计利息） | | 400,000.00 万元 | | --- | --- | --- | | 关联方在财务公司每日最 ...

证券代码：600985 证券简称：淮北矿业 公告编号：2025-042 淮北矿业控股股份有限公司 关于召开2025年第二次临时股东会的通知 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： 股东会召开日期：2025年12月24日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、召开会议的基本情况 （一）股东会类型和届次 2025年第二次临时股东会 （二）股东会召集人：董事会 （三）投票方式：本次股东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：2025 年 12 月 24 日 10 点 00 分 召开地点：安徽省淮北市人民中路 276 号淮北矿业会议中心 1、各议案已披露的时间和披露媒体 （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会网络投票系统 网络投票起止时间：自2025 年 12 月 24 日 至2025 年 12 月 24 日 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 ...

Group 1 - The core viewpoint of the article highlights that Huabei Mining (SH 600985) held its 10th eighth board meeting on December 8, 2025, to review proposals including the expected daily related transactions for 2026 [1] - For the year 2024, Huabei Mining's revenue composition is as follows: other businesses account for 58.53%, coal mining and selection account for 25.67%, and coal chemical industry accounts for 15.8% [1] - As of the report date, Huabei Mining has a market capitalization of 31.2 billion yuan [1]

淮北矿业控股股份有限公司 第十届董事会第八次会议决议公告 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。 淮北矿业控股股份有限公司（下称"公司"）于 2025 年 11 月 28 日以电子 邮件方式发出召开第十届董事会第八次会议的通知，会议于 2025 年 12 月 8 日以 现场结合通讯方式召开，应参会董事 8 人，实参会董事 8 人，公司部分高管人员 列席会议。会议的召开符合《公司法》和《公司章程》的有关规定。会议由董事 长孙方先生主持，审议通过了以下事项： 一、关于 2026 年度日常关联交易预计的议案 股票代码：600985 股票简称：淮北矿业 编号：临 2025—038 本议案已经公司第十届董事会独立董事专门会议 2025 年第三次会议审议通 过，并同意提交公司董事会审议。 本议案已经公司第十届董事会独立董事专门会议 2025 年第三次会议审议通 过，并同意提交公司董事会审议。 公司 2026 年度预计与关联方发生的日常关联交易总额为 136.70 亿元，其中 与关联方发生的购销、服务类日常关联交易金额为 36.70 ...

Market Performance - The Anhui state-owned enterprise reform sector rose by 0.13% compared to the previous trading day, with Tongguan Copper Foil leading the gains [1] - The Shanghai Composite Index closed at 3924.08, up 0.54%, while the Shenzhen Component Index closed at 13329.99, up 1.39% [1] Top Gainers - Tongguan Copper Foil (301217) closed at 32.86, up 6.65% with a trading volume of 502,100 shares and a transaction value of 1.643 billion [1] - Jinghe Integrated (688249) closed at 32.46, up 5.18% with a trading volume of 543,000 shares and a transaction value of 1.728 billion [1] - Hefei Urban Construction (002208) closed at 12.22, up 4.98% with a trading volume of 1,061,400 shares and a transaction value of 1.284 billion [1] Top Losers - Hengnong Heavy (600971) closed at 6.62, down 2.22% with a trading volume of 132,300 shares and a transaction value of 88.0431 million [2] - Anhui Electric Power (000543) closed at 8.16, down 1.57% with a trading volume of 345,200 shares and a transaction value of 282 million [2] - Huai Bei Mining (600985) closed at 11.60, down 1.53% with a trading volume of 235,200 shares and a transaction value of 273 million [2] Capital Flow - The Anhui state-owned enterprise reform sector experienced a net outflow of 26.9167 million from main funds, while retail investors saw a net inflow of 43.5742 million [2] - The main funds showed a significant net inflow in Jinghe Integrated (688249) amounting to 267.1 million, while retail investors had a net outflow of 26.4 million [3] - Tongguan Copper Foil (301217) had a net inflow of 86.5213 million from main funds, with retail investors contributing a net inflow of 23.5911 million [3]

Investment Strategy - Crude oil supply is limited while demand remains resilient, leading to expectations of fluctuating prices in the future [9][10] - The global oil and gas capital expenditure trend is declining, with a significant reduction of nearly 22% from the 2014 peak to 2021 [9][10] - Major energy companies are cautious with capital expenditures due to long-term low oil prices and increasing decarbonization pressures [9][10] - OPEC+ has announced no further production increases for the next year, indicating limited supply growth [9][10] Crude Oil - Brent crude oil spot price is $64.58 per barrel, up 0.87% week-on-week, while WTI crude oil spot price is $59.33 per barrel, up 1.23% week-on-week [10][32] - The market is responding to geopolitical risks and expectations of interest rate cuts by the Federal Reserve, which have contributed to price fluctuations [10][32] Coal - The average market price for Qinhuangdao port thermal coal (Q5500) is 802.7 yuan per ton, down 3.32% week-on-week, indicating weak demand and rising inventories [11][12] - Total coal inventory at major ports in the Bohai Rim reached 27.61 million tons, up 3.77% week-on-week, while southern ports reported 6.426 million tons, up 2.57% [11][12] - Domestic key power plants reported a daily coal consumption of 4.77 million tons, down 3.44% week-on-week, with coal inventory at 13.01 million tons, up 2.09% [11][12] Coking Coal - Coking coal prices are declining due to weak supply and demand dynamics, with the price of main coking coal at 1,630 yuan per ton, down 2.40% week-on-week [13][14] - Steel mills are showing cautious purchasing behavior due to lower profitability, impacting coking coal demand [13][14] Natural Gas - The EU has reached an agreement to phase out Russian gas imports by 2027, which may impact global gas supply dynamics [15][16] - The average price of NYMEX natural gas is $4.95 per million British thermal units, up 7.7% week-on-week, while European gas prices have decreased [15][16] Oilfield Services - The oilfield services sector is expected to maintain its growth due to government policies supporting energy security and capital expenditures [17][18] - The number of active drilling rigs globally is reported at 1,800, with a slight decrease in the Middle East and Asia-Pacific regions [17][18]

Core Insights - The Yangtze River Delta region's top 100 enterprises were announced, highlighting significant contributions from Anhui Province with 10 companies listed, equally split between state-owned and private enterprises [1][2] Group 1: Financial Performance of Anhui Enterprises - The total revenue for the top 10 enterprises in Anhui is projected to reach 1.5 trillion yuan, reflecting a growth rate of 10.90% [1] - Net profit for these enterprises is expected to be 53.74 billion yuan, with a growth rate of 6.51% [1] - Total assets amount to 1.6 trillion yuan, showing a growth of 16.88% [1] - Owner's equity is estimated at 462.27 billion yuan, with a growth rate of 9.35% [1] - Total tax contributions are projected at 78.75 billion yuan, marking a significant increase of 59.01% [1] - Research and development expenses are expected to reach 35.64 billion yuan, with a growth rate of 21.77% [1] - The workforce across these enterprises totals 335,000 employees, reflecting an increase of 8.19% [1] Group 2: Key Contributors to Growth - Chery Holding Group and Hefei BYD are the primary drivers of revenue growth in Anhui, with Chery achieving 429.51 billion yuan in revenue, a 55.20% increase, and Hefei BYD reaching 101.94 billion yuan, a 66.35% increase [2] - All 10 listed enterprises in Anhui reported profits, with 7 companies experiencing profit increases totaling 5.86 billion yuan, a growth rate of 16.63% [2] - Notable profit growth was observed in companies such as Sunshine Power, Chery Holding, Hefei BYD, and others, with growth rates exceeding 10% [2] Group 3: Comparison with Other Provinces - In the manufacturing sector, Anhui has 13 companies in the top 100, compared to 32 from Jiangsu, 15 from Shanghai, and 40 from Zhejiang [2] - In the service sector, Anhui has 9 companies listed, while Jiangsu has 27, Shanghai has 35, and Zhejiang has 29 [2]

Investment Rating - The industry rating is "Positive" [1] Core Viewpoints - The coal sector has seen a rise, but it underperformed compared to the CSI 300 index, with a weekly increase of 0.77% against the CSI 300's 1.28% [2] - Inventory levels are increasing due to supply policies, while coal prices are declining rapidly. Despite increased production, supply constraints are expected to persist, leading to potential coal shortages in certain regions [6][32] - The report anticipates a rise in the coal price center in the fourth quarter, with current coal asset dividends being reasonable [6][32] Summary by Sections Coal Market Performance - As of December 5, 2025, the coal sector's performance was 0.77% up, lagging behind the CSI 300 index by 0.51 percentage points. A total of 21 stocks rose, while 14 fell, with New Dazhou A showing the highest increase of 14.98% [2] Key Data on Coal Sales and Inventory - The average daily coal sales for monitored enterprises from November 28 to December 4, 2025, were 6.98 million tons, down 5% week-on-week and down 9.5% year-on-year. Total coal inventory was 24.67 million tons, a decrease of 0.3% week-on-week and 20.5% year-on-year [2][30] Price Trends in Coal Types - As of December 5, 2025, the price of thermal coal (Q5500K) was 706 CNY/ton, up 1.15% week-on-week, while the price of imported thermal coal fell by 4.69% to 874 CNY/ton. Prices for coking coal and anthracite also showed declines [3][4] Investment Recommendations - The report suggests prioritizing investments in high-dividend thermal coal companies such as China Shenhua, Shaanxi Coal, and others. For coking coal, companies like Huaibei Mining and Shanxi Coking Coal are recommended. Additionally, companies with improved profits in the coking sector are highlighted [6][32]