行业动态

Industry Trends

全国 近日，中国科学院大连化学物理研究所孙剑研究员和葛庆杰研究员团队在合成气制低碳烯烃方面取得重要进展。团队提出了一种基于费托合成体系的催化新策略，实现了合成气在温和条件下向低碳烯烃的高效转化。相关成果于北京时间4月1日发表在《自然》期刊上。

Nationwide Recently, a research team led by Professor Sun Jian and Professor Ge Qingjie from the Dalian Institute of Chemical Physics of the Chinese Academy of Sciences has made significant progress in the synthesis of low-carbon olefins from syngas. The team proposed a new catalytic strategy based on the Fischer-Tropsch synthesis system, achieving efficient conversion of syngas into low-carbon olefins under mild conditions. The related research results were published in the journal Nature on April 1st, Beijing time.

据商务部市场运行监测系统显示，3月23日至29日，全国煤炭价格以涨为主，其中炼焦煤、动力煤每吨1104元和775元，分别上涨4.3%和0.3%，无烟块煤每吨1121元，与前一周基本持平。

According to the market operation monitoring system of the Ministry of Commerce, from March 23rd to 29th, the prices of coal across the country were generally rising. Among them, the price of coking coal was 1,104 yuan per ton, increasing by 4.3%; the price of thermal coal was 775 yuan per ton, rising by 0.3%; and the price of anthracite coal was 1,121 yuan per ton, remaining basically the same as the previous week.

内蒙古 据商务部重要生产资料市场监测系统数据显示，3月14日-3月20日，从监测品种样本数据来看，内蒙古煤炭平均价格为687.18元/吨，环比上涨0.1%，同比下降6.7%。其中，无烟煤2号洗选块煤均价为753.47元/吨，环比上涨0.1%，同比下降7.6%；动力煤发热量5000-5500大卡均价为548.66元/吨，环比上涨0.1%，同比下降6.5%；炼焦煤1/3焦煤均价为759.4元/吨，环比上涨0.1%，同比下降5.7%。

Inner Mongolia: According to the important production materials market monitoring system of the Ministry of Commerce, from March 14th to March 20th, based on the sample data of the monitored varieties, the average price of coal in Inner Mongolia was 687.18 yuan per ton, rising by 0.1% compared with the previous period and decreasing by 6.7% compared with the same period last year. Among them, the average price of No. 2 washed lump coal for anthracite was 753.47 yuan per ton, rising by 0.1% compared with the previous period and decreasing by 7.6% compared with the same period last year; the average price of thermal coal with calorific value of 5000-5500 calories was 548.66 yuan per ton, rising by 0.1% compared with the previous period and decreasing by 6.5% compared with the same period last year; the average price of 1/3 coking coal was 759.4 yuan per ton, rising by 0.1% compared with the previous period and decreasing by 5.7% compared with the same period last year.

截至4月1日，甘其毛都口岸累计进口煤炭1256.41万吨。现甘其毛都口岸蒙5#原煤市场报价1098元/吨，蒙3#精煤市场报价1173元/吨，蒙5#精煤市场报价1308元/吨。

As of April 1st, a total of 125.641 million tons of coal have been imported through Ganqi Maodu Port. Currently, the market price of Mongolian 5# raw coal at Ganqi Maodu Port is 1,098 yuan per ton, the market price of Mongolian 3# refined coal is 1,173 yuan per ton, and the market price of Mongolian 5# refined coal is 1,308 yuan per ton.

截止3月31日，珠恩嘎达布其口岸过货量达到119.14万吨。其中，累计进口煤炭108.46万吨。

As of March 31st, the cargo throughput at Zhunagadabuzi Port reached 119.14 million tons. Among this, a total of 108.46 million tons of coal were imported.

陕西 据商务部重要生产资料市场监测系统显示，3月14日-20日，陕西省煤炭均价1151.0元/吨，环比下跌3.5%。其中，炼焦煤1350.0元/吨，环比下跌1.0%；动力煤623.0元/吨，环比下跌2.0%；无烟煤1480.0元/吨，环比下跌6.3%。

Shaanxi: According to the important production materials market monitoring system of the Ministry of Commerce, from March 14th to 20th, the average price of coal in Shaanxi Province was 1,151.0 yuan per ton, down by 3.5% compared with the previous period. Among them, the price of coking coal was 1,350.0 yuan per ton, down by 1.0%; the price of thermal coal was 623.0 yuan per ton, down by 2.0%; and the price of anthracite was 1,480.0 yuan per ton, down by 6.3%.

宁夏 宁夏发改委发布的数据显示，1-2月份，宁夏规模以上工业原煤产量1591.36万吨，同比下降1.8%。其中，一般烟煤1484.84万吨，下降3.1%；炼焦烟煤96.37万吨，增长28.7%；无烟煤10.15万吨，下降21.9%。1-2月份，宁夏规模以上工业原煤销售量910.06万吨，同比增长14.0%。截至2月末，全区原煤生产库存178.49万吨，库存周转天数为12天。

Ningxia: Data released by the Development and Reform Commission of Ningxia shows that in the first two months of this year, the output of raw coal by enterprises above designated size in Ningxia was 1591.36 million tons, a decrease of 1.8% compared to the same period last year. Among them, the output of general bituminous coal was 1484.84 million tons, a decrease of 3.1%; the output of coking bituminous coal was 96.37 million tons, an increase of 28.7%; and the output of anthracite was 10.15 million tons, a decrease of 21.9%. In the first two months, the sales volume of raw coal by enterprises above designated size in Ningxia was 910.06 million tons, an increase of 14.0% compared to the same period last year. As of the end of February, the production inventory of raw coal in the region was 178.49 million tons, and the inventory turnover days were 12 days.

据商务部市场运行监测系统显示，3月16日-22日，宁夏煤炭价格681.67元/吨，持平。当前煤炭市场供需处于平衡区间，整体供应较为充裕，支撑价格维持平稳运行。后期来看，随着季节转换、需求端温和回落，煤炭市场供需格局将动态调整，预计后期将呈现温和调整态势。

According to the market operation monitoring system of the Ministry of Commerce, from March 16th to 22nd, the price of coal in Ningxia was 681.67 yuan per ton, remaining unchanged. Currently, the supply and demand in the coal market are in a balanced range, with overall supply being relatively abundant, which supports the price to maintain a stable operation. Looking ahead, with the seasonal transition and a moderate decline in demand, the supply and demand pattern in the coal market will be dynamically adjusted. It is expected that in the future, there will be a moderate adjustment trend.

新疆 “十五五”时期，新疆将继续聚力打造全国能源资源战略保障基地，加快建设“沙戈荒”新能源大基地、煤制油气战略基地等项目，提升疆煤外运、西气东输、疆电外送能力，力争到2030年新增用电量需求主要由新能源发电满足。目前，新疆已建成42处智能化煤矿，43个智能化综采工作面。

Xinjiang: During the 15th Five Year Plan period in Xinjiang, efforts will continue to be made to build a national energy and resource strategic guarantee base, accelerate the construction of projects such as the "Shagehuang" new energy base and the coal to oil and gas strategic base, enhance Xinjiang's coal transportation, West East gas transmission, and power transmission capabilities, and strive to meet the new electricity demand mainly from new energy generation by 2030. At present, Xinjiang has built 42 intelligent coal mines and 43 intelligent fully mechanized mining faces.

四川 据商务部重要生产资料监测系统显示，3月16日-22日，四川省煤炭均价为899.25元/吨，环比上涨0.6%。其中，无烟煤价格为873.5元/吨，环比上涨0.6%，动力煤价格为925元/吨，环比上涨0.5%。

Sichuan: According to the important production materials monitoring system of the Ministry of Commerce, from March 16th to 22nd, the average price of coal in Sichuan Province was 899.25 yuan per ton, up by 0.6% compared with the previous period. Among them, the price of anthracite coal was 873.5 yuan per ton, up by 0.6%, and the price of thermal coal was 925 yuan per ton, up by 0.5%.

贵州 安顺市工业和信息化局消息，安顺市在籍煤矿36处，设计生产能力合计为1488万吨/年。其中：生产煤矿10处，设计能力420万吨/年；联合试运转煤矿1处，设计能力45万吨/年；技改建设煤矿3处，批复技改规模135万吨/年；长期停产停建煤矿22处，批复技改规模或设计能力888万吨/年。

Guizhou: According to the information from the Industrial and Information Technology Bureau of Anshun City, there are 36 registered coal mines in Anshun City, with a total designed production capacity of 14.88 million tons per year. Among them: 10 production coal mines have a designed capacity of 4.2 million tons per year; 1 joint trial operation coal mine has a designed capacity of 4.5 million tons per year; 3 technical renovation construction coal mines have been approved with a technical renovation scale of 1.35 million tons per year; 22 long-term suspended and under-construction coal mines have been approved with a technical renovation scale or designed capacity of 8.88 million tons per year.

广西 据商务部重要生产资料市场监测系统显示，3月16日-22日，广西壮族自治区煤炭价格2015元/吨，环比下降1%。其中：无烟煤、烟煤价格分别为1981元/吨、2049元/吨，环比均下降1.5%。

Guangxi: According to the important production materials market monitoring system of the Ministry of Commerce, from March 16th to 22nd, the price of coal in Guangxi Zhuang Autonomous Region was 2,015 yuan per ton, with a month-on-month decrease of 1%. Among them: the prices of anthracite and bituminous coal were 1,981 yuan per ton and 2,049 yuan per ton respectively, both showing a month-on-month decrease of 1.5%.

企业热点

Corporate Hotspots

国家能源集团 3月26日至27日，国家能源集团党组书记、董事长邹磊一行赴新疆哈密，调研哈密能源集成创新基地项目，看望慰问一线建设者并召开现场办公会，协调解决项目推进中的重点难点问题。集团党组成员、副总经理王子超参加调研。

State Energy Group: From March 26th to 27th, the Party Secretary and Chairman of State Energy Group, Zou Lei, led a delegation to Xinjiang Hami to conduct a survey of the Hami Energy Integration Innovation Base project, visit and console the front-line construction workers, and hold a site office meeting to coordinate and solve key and difficult issues in the project's progress. The Party Member and Vice Chairman of the Group, Wang Zixuan, also participated in the survey.

3月27日，国家能源集团党组书记、董事长邹磊在哈密市会见哈密市委书记孙涛，双方就深化战略合作、加快推进重点项目建设等事宜进行座谈交流。集团党组成员、副总经理王子超，哈密市委常委、常务副市长张志先参加会见。

On March 27th, State Energy Group's Party Secretary and Chairman Zou Lei met with Hami City's Party Secretary Sun Tao in Hami. The two sides held a discussion and exchange on matters such as deepening strategic cooperation and accelerating the progress of key project construction. Group's Party Member and Vice Chairman Wang Zixiao, as well as Hami's Party Committee Member and Deputy Mayor Zhang Zhixian, attended the meeting.

3月31日，国家能源集团与哈电集团在京签署战略合作框架协议。国家能源集团党组书记、董事长邹磊，哈电集团董事长、党委书记黄伟出席签约仪式并见证签约。国家能源集团总经理、党组副书记冯来法，哈电集团总经理、党委副书记刘清勇见签，国家能源集团党组成员、总会计师刘敬山与哈电集团党委常委、副总经理陈辉代表双方签署协议。

On March 31st, the State Energy Group and Harbin Electric Corporation signed a strategic cooperation framework agreement in Beijing. The Secretary and Chairman of the State Energy Group, Zou Lei, and the Chairman and Party Secretary of Harbin Electric Corporation, Huang Wei, attended the signing ceremony and witnessed the signing. The General Manager and Deputy Secretary of the Party Committee of the State Energy Group, Feng Laifa, and the General Manager and Deputy Secretary of the Party Committee of Harbin Electric Corporation, Liu Qingyong, witnessed the signing. The Party Member and Deputy Chief Accountant of the State Energy Group, Liu Jingshan, and the Party Committee Vice Chairman and Deputy General Manager of Harbin Electric Corporation, Chen Hui, represented both parties to sign the agreement.

4月1日，国家能源集团党组书记、董事长邹磊，总经理、党组副书记冯来法在集团总部与内蒙古自治区党委副书记、自治区人民政府主席包钢举行工作会谈，双方围绕深化央地合作、推动重点项目建设、服务国家能源战略等进行深入交流。国家能源集团党组成员、副总经理杨鹏，内蒙古自治区人民政府秘书长郑东波参加会谈。

On April 1st, Party Secretary and Chairman of the State Energy Group, Zou Lei, and General Manager and Deputy Party Secretary, Feng Lafa, held a working meeting with Baigang, the deputy secretary of the Communist Party of China Committee of Inner Mongolia Autonomous Region and the governor of the Autonomous Region Government, at the group's headquarters. The two sides had in-depth exchanges on deepening cooperation between the central and local governments, promoting key project construction, and serving the national energy strategy. State Energy Group's Party Member and Vice General Manager, Yang Peng, and Secretary of the Inner Mongolia Autonomous Region Government's Secretariat, Zheng Dongbo, attended the meeting.

中国中煤 3月31日，中国中煤党委书记、董事长王树东在集团公司总部会见内蒙古自治区乌兰察布市委副书记、市长刘海泉，双方就深化企地合作和推进重点项目建设进行座谈交流。集团公司党委常委、副总经理倪嘉宇，乌兰察布市政府秘书长、办公室主任郝晓亭参加会见。

China Coal: On March 31st, Wang Shudong, the Party Secretary and Chairman of China Coal, met with Hai Laiquan, the Deputy Secretary of the Municipal Committee and Mayor of Ulanqab City in Inner Mongolia Autonomous Region, at the headquarters of the group company. The two sides held a discussion and exchange on deepening enterprise-local cooperation and promoting key project construction. Party Committee member and Vice President of the Group Company, Ni Jiayu, and Secretary and Director of the Municipal Government Office of Ulanqab City, Hao Xiaoting, attended the meeting.

3月31日，中国中煤党委书记、董事长王树东在集团总部会见广东省云浮市委书记、市人大常委会主任卢荣春，双方就共谋合作发展进行座谈交流。集团公司党委常委、副总经理倪嘉宇，云浮市副市长梁东海、徐贤荣参加会见。

On March 31st, Wang Shudong, the Party Secretary and Chairman of China Coal Corporation, met with Lu Rongchun, the Secretary of the Communist Party Committee and Chairman of the People's Congress Standing Committee of Yunfu City, Guangdong Province at the group's headquarters. The two sides held a discussion and exchange on jointly planning for cooperative development. Party Committee members and Vice President Ni Jiayu of the group, as well as Yunfu City Vice Mayor Liang Donghai and Xu Xianrong, attended the meeting.

4月1日，中国中煤党委书记、董事长王树东在集团公司总部会见四川省广安市委书记张彤，双方就加快推进企地合作进行交流。集团公司党委常委、副总经理倪嘉宇，广安市委常委、常务副市长周杰参加会见。

On April 1st, Wang Shudong, the Party Secretary and Chairman of China Coal Industry Corporation, met with Zhang Tong, the Secretary of the Communist Party Committee of Guang'an City, Sichuan Province, at the headquarters of the group company. The two sides exchanged views on accelerating enterprise-local cooperation. Party Committee Vice Chairman and General Manager Ni Jiayu, and Vice Mayor Zhou Jie of Guang'an City also attended the meeting.

3月28日，中煤能源发布2025年年度报告。2025年，中煤能源实现自产商品煤产量13,510万吨、销量13,636万；完成主要煤化工产品产量606万吨、销量636万吨；完成装备产值92亿元，新签出口订单10.5亿元、同比增长22.9%；全年实现利润总额265.9亿元，归属于母公司股东的净利润178.8亿元，年末资产负债率45.8%，经营业绩稳健，财务结构优良。2025年向全体股东每10股派发现金红利2.17元（含税），全年累计分红金额50.7亿元，以稳健业绩与持续分红回馈广大股东。2026年计划自产商品煤产销量13100万吨以上。

On March 28th, China Coal Energy released its 2025 annual report. In 2025, China Coal Energy achieved self-produced coal output of 135.1 million tons and sales volume of 136.36 million tons; completed production and sales of 6.06 million tons of major coal chemical products; achieved equipment output value of 9.2 billion yuan, signed export orders of 1.05 billion yuan, with a year-on-year increase of 22.9%; the company achieved a total profit of 26.59 billion yuan for the year, with net profit attributable to shareholders of the parent company of 17.88 billion yuan. The year-end asset-liability ratio was 45.8%, indicating a stable operating performance and an excellent financial structure. In 2025, it distributed a cash dividend of 2.17 yuan per 10 shares (including tax) to all shareholders, with a total dividend amount of 5.07 billion yuan for the year, demonstrating a stable performance and continuous dividend distribution to all shareholders. In 2026, the company plans to achieve self-produced coal output and sales volume of over 131 million tons.

晋能控股集团 晋能控股集团官网的信息显示，曹阳已任集团党委书记、董事长。调整后，晋能控股集团班子成员为：曹阳（党委书记、董事长）、崔树江（党委副书记、副董事长、总经理）、赵玉宏（山西省纪委监委驻晋能控股集团纪检监察组组长、集团党委常委）、侯益铭（党委常委、副总经理）、吕维赟（党委常委、副总经理）、李建光（党委常委、副总经理）、姚国平（党委常委、副总经理）。

Jineng Holding Group: Information on the official website of Jineng Holding Group shows that Cao Yang has been appointed as the group's Party Secretary and Chairman. After the adjustment, the members of the leadership team of Jineng Holding Group are: Cao Yang (Party Secretary and Chairman), Cui Shujiang (Deputy Secretary of the Party Committee, Vice Chairman, and General Manager), Zhao Yuhong (Head of the Discipline Inspection and Supervision Group of Jineng Holding Group stationed by the Discipline Inspection Commission of Shanxi Province, Group's Party Committee Member), Hou Yiming (Party Committee Member and Vice General Manager), Lu Weiyun (Party Committee Member and Vice General Manager), Li Jianguang (Party Committee Member and Vice General Manager), Yao Guoping (Party Committee Member and Vice General Manager).

3月30日，晋能控股集团举行审计事务中心、法律事务中心揭牌仪式。晋能控股集团党委书记、董事长李国彪与党委副书记、总经理崔树江共同揭牌。集团高管，总部有关部门、中心及单位负责人，审计事务中心、法律事务中心员工代表等参加。

On March 30th, the Audit Affairs Center and the Legal Affairs Center of Jineng Holding Group held a ceremony for their unveiling. The Party Secretary and Chairman of Jineng Holding Group, Li Guobiao, and the Deputy Party Secretary and General Manager, Cui Shujiang, jointly officiated the unveiling. Group executives, heads of relevant departments and centers at the headquarters, as well as representatives of the Audit Affairs Center and the Legal Affairs Center, attended the event.

兖矿能源 3月27日，兖矿能源披露2025年年度报告。面对行业周期调整压力，公司经营业绩保持高位。按照中国会计准则，2025年，公司实现营业收入1449.3亿元，归母净利润83.8亿元。公司产能实现历史性突破，全年商品煤产量1.82亿吨，同比净增4000万吨，创历史新高。2026年公司将稳住煤炭产业基本盘，千方百计释放陕蒙、新疆区域矿井产能，全年计划生产商品煤1.86亿-1.9亿吨，同比增加400万-800万吨。

Yanjing Energy: On March 27th, Yanjing Energy released its 2025 annual report. Despite the pressure from industry cycle adjustments, the company maintained a high level of operating performance. According to Chinese accounting standards, in 2025, the company achieved a revenue of 144.93 billion yuan and a net profit attributable to the parent company of 8.38 billion yuan. The company achieved a historic breakthrough in production capacity, with a total coal output of 182 million tons for the year, a net increase of 40 million tons compared to the previous year, setting a new record. In 2026, the company will stabilize the basic position of the coal industry, do everything possible to release the production capacity of mines in Shaanxi, Inner Mongolia and Xinjiang regions, and plan to produce 186-190 million tons of coal products for the year, an increase of 4-8 million tons compared to the previous year.

3月30日，兖矿能源在香港举行2025年全年业绩说明会。按国际财务报告准则，全年销售收入1333.4亿元，净收益85.2亿元；全年累计分红0.5元/股，总额达50.2亿元。

On March 30th, Yankuang Energy held its 2025 annual performance briefing in Hong Kong. According to international financial reporting standards, the total annual sales revenue was 133.34 billion yuan, with a net profit of 8.52 billion yuan; the cumulative dividend per share for the year was 0.5 yuan, totaling 5.02 billion yuan.

近日，国际权威指数机构摩根士丹利资本国际（MSCI）公布最新ESG评级结果，兖矿能源获评BBB级，成为国内唯一获此评级的煤炭企业，继续保持中国煤炭行业最高评级水平。

Recently, the international authoritative index institution Morgan Stanley Capital International (MSCI) released the latest ESG rating results. Yankuang Energy was rated as BBB, becoming the only coal enterprise in China to receive this rating and maintaining the highest rating level in the Chinese coal industry.

陕煤集团 3月30日，陕煤集团党委召开2026年第一轮巡察工作动员部署会，总结分析2025年巡察及整改工作情况，动员部署今年第一轮巡察工作，确保巡察三年全覆盖目标圆满完成，推动集团四种经营理念、新发展战略和各项重点工作更好落地见效，为“十五五”开好局、起好步提供坚强保障。集团党委书记、董事长、巡察工作领导小组组长张文琪出席并讲话，党委副书记、董事、总经理赵福堂主持会议。

Shaanxi Coal Group: On March 30th, the Party Committee of Shaanxi Coal Group held a mobilization and deployment meeting for the first round of inspection work in 2026, summarizing and analyzing the situation of inspection and rectification work in 2025, mobilizing and deploying the first round of inspection work this year, ensuring the successful completion of the three-year full coverage target of inspection, promoting the better implementation and effectiveness of the group's four business concepts, new development strategies, and key work, and providing strong guarantees for the start and start of the "15th Five Year Plan". Zhang Wenqi, Secretary of the Party Committee, Chairman, and Leader of the Inspection Work Leading Group of the Group, attended and delivered a speech. Zhao Futang, Deputy Secretary of the Party Committee, Director, and General Manager, presided over the meeting.

3月30日，运城市委副书记、市长姚逊一行到访陕煤集团，与陕煤集团党委副书记、董事、总经理赵福堂就深化地企合作、推进产业协同发展进行座谈交流。运城市委常委、常务副市长刁海鹏，陕煤集团党委委员、副总经理袁广金参加座谈。

On March 30th, Yao Xiong, the Party Secretary and Mayor of Yuncheng City, paid a visit to Shaanxi Coal Industry Group and held a discussion with Zhao Futaolang, the Party Secretary, Director and General Manager of Shaanxi Coal Industry Group, on deepening cooperation between the government and enterprises and promoting the coordinated development of industries. Deputy Mayor Diao Haipeng of Yuncheng City and Vice President Yuan Guangjin of Shaanxi Coal Industry Group also participated in the discussion.

神东煤炭 一季度，神东煤炭产量圆满完成4788.1万吨，超均衡计划93.4万吨，自产煤、外购煤、原料煤均超季度目标，顺利实现首季“满堂红”，为完成全年任务目标奠定坚实开局。

Shendong Coal: In the first quarter, Shendong Coal successfully achieved a production volume of 478.81 million tons, exceeding the balanced plan by 93.4 million tons. Both self-produced coal, purchased coal, and raw coal exceeded their quarterly targets, successfully achieving a "full success" in the first quarter and laying a solid foundation for completing the annual task goals.

宁夏煤业 截至3月31日，宁夏煤业一季度自产煤产量完成1536.8万吨，销量1555.1万吨，同比增加39万吨；化工产品产量完成319.9万吨，同比增加4万吨，销量164万吨，同比增加15.2万吨；铁路运量稳步增长，提前完成预期目标。生产经营顺利实现首季“满堂红”，为完成全年目标任务奠定坚实基础。

Ningxia Coal Industry: As of March 31st, Ningxia Coal Industry achieved a self-produced coal output of 15.368 million tons in the first quarter, with sales reaching 15.551 million tons, an increase of 390,000 tons compared to the previous year; the output of chemical products reached 319.9 million tons, an increase of 40,000 tons compared to the previous year, and the sales volume was 1.64 million tons, an increase of 152,000 tons compared to the previous year; the railway transportation volume has steadily increased and has exceeded the expected target in advance. The production and operation have successfully achieved a "full success" in the first quarter, laying a solid foundation for completing the annual target tasks.

徐矿集团 3月30日，徐矿集团与中国地质调查局南京地质调查中心签订战略合作协议，双方约定围绕战略性矿产资源开发、海外市场拓展、专业技术服务等重点领域深化务实合作。中国地质调查局南京地质调查中心党委书记、主任毛晓长；徐矿集团党委书记、董事长吴宁，总经理、党委副书记于洋参加活动。

Xu Mining Group: On March 30th, Xu Mining Group signed a strategic cooperation agreement with the Nanjing Geological Survey Center of the China Geological Survey. The two parties agreed to deepen practical cooperation in key areas such as strategic mineral resource development, overseas market expansion, and professional technical services. Mao Xiaozhang, the Party Secretary and Director of the Nanjing Geological Survey Center of the China Geological Survey; Wu Ning, the Party Secretary and Chairman of Xu Mining Group, and Yu Yang, the General Manager and Deputy Secretary of the Party Committee, attended the event.

开滦股份 开滦股份3月31日披露2025年年度报告。2025年，公司实现营业收入173.91亿元，同比下降17.87%；归母净利润亏损3237.43万元，上年同期盈利8.16亿元；扣非净利润亏损9208.71万元，上年同期盈利7.48亿元。基本每股收益为-0.02元。2026年，开滦股份计划生产原煤900万吨，商品煤产量494.5万吨，生产焦炭585万吨。

Kailuan Co., Ltd.: On March 31, Kailuan Co., Ltd. disclosed its 2025 annual report. In 2025, the company achieved a revenue of 17.391 billion yuan, a year-on-year decrease of 17.87%; the net profit attributable to the parent company was a loss of 32.3743 million yuan, compared with a profit of 816 million yuan in the same period of the previous year; the non-recurring net profit was a loss of 92.0871 million yuan, compared with a profit of 748 million yuan in the same period of the previous year. The basic earnings per share was -0.02 yuan. In 2026, Kailuan Co., Ltd. plans to produce 9 million tons of raw coal, 4.945 million tons of commercial coal, and 5.85 million tons of coke.

上海能源 3月28日，上海能源发布2025年年度报告。2025年，上海能源商品煤产量613.6万吨、洗精煤产量447.6万吨。实现营业收入76.8亿元，归属于上市公司股东的净利润2.2亿元，利润总额1.6亿元；资产总额193.68亿元，净资产126.3亿元，资产负债率35.4%。2025年度向公司全体股东按每10股派发现金红利2.1元（含税），全年累计分红金额2.17亿元，占归母净利润的比例近100%，向全体股东每10股送红股3股转增1股。

Shanghai Energy: On March 28th, Shanghai Energy released its 2025 annual report. In 2025, Shanghai Energy's coal production was 613.6 million tons and its washed and refined coal production was 447.6 million tons. The company achieved a revenue of 7.68 billion yuan, a net profit attributable to shareholders of the listed company of 220 million yuan, a total profit of 160 million yuan; the total assets were 19.368 billion yuan, the net assets were 12.63 billion yuan, and the asset-liability ratio was 35.4%. In 2025, the company distributed a cash dividend of 2.1 yuan per 10 shares (including tax) to all shareholders, with a total dividend amount of 217 million yuan, accounting for nearly 100% of the net profit, and distributed 3 shares of bonus shares for every 10 shares to all shareholders.

新集能源 3月28日，新集能源发布2025年年度报告。2025年，新集能源商品煤产量1975.8万吨，同比增幅3.7%；商品煤销量1969.3万吨，同比增幅4.4%；实现营业收入122.8亿元，利润总额30.6亿元，归属于母公司所有者的净利润21.4亿元，报告期国有资本保值增值率110.4%。

Xinji Energy: On March 28th, Xinji Energy released its 2025 annual report. In 2025, Xinji Energy's coal production volume reached 19.758 million tons, with a year-on-year increase of 3.7%; coal sales volume was 19.693 million tons, with a year-on-year increase of 4.4%; it achieved operating revenue of 12.28 billion yuan, total profit of 3.06 billion yuan, net profit attributable to the parent company's owners of 2.14 billion yuan, and the state-owned capital preservation and appreciation rate for the reporting period was 110.4%.

郑州煤电 郑州煤电发布2025年年度报告。公司全年实现营业收入35.52亿元，同比下降15.52%；归属于上市公司股东的净利润为-9.27亿元，同比由盈转亏，降幅达428.12%。基本每股收益-0.7612元/股。公司实现煤炭产量710万吨，同比增长3.80%；销量702万吨，同比增长1.74%。

Zhengzhou Coal Electricity: Zhengzhou Coal Electricity has released its 2025 annual report. The company achieved a total revenue of 3.552 billion yuan for the entire year, a year-on-year decrease of 15.52%; the net profit attributable to shareholders of the listed company was -927 million yuan, turning from profit to loss year-on-year, with a decline of 428.12%. The basic earnings per share was -0.7612 yuan per share. The company produced 7.1 million tons of coal, a year-on-year increase of 3.80%; the sales volume was 7.02 million tons, a year-on-year increase of 1.74%.

恒源煤电 恒源煤电发布的公告显示，2025年公司实现主营收入55.33亿元，同比下降20.65%；归母净利润亏损1.92亿元，同比下降117.89%；扣非净利润亏损2.63亿元，同比下降123.15%。基本每股收益为-0.1598元。2025年恒源煤电原煤产量1000.14万吨，同比增加3.96%；商品煤产量771.97万吨，同比增加4.49%；商品煤销量770.83万吨，同比增加1.81%。2026年，恒源煤电计划生产原煤1110万吨，销售商品煤829.60万吨。

Hengyuan Coal Electricity: The announcement released by Hengyuan Coal Electricity shows that in 2025, the company's main business revenue was 5.533 billion yuan, a year-on-year decrease of 20.65%; the net profit attributable to the parent company was a loss of 192 million yuan, a year-on-year decrease of 117.89%; the non-GAAP net profit was a loss of 263 million yuan, a year-on-year decrease of 123.15%. The basic earnings per share was -0.1598 yuan. In 2025, Hengyuan Coal Electricity's raw coal production was 10.0014 million tons, an increase of 3.96% year-on-year; the production of commercial coal was 7.7197 million tons, an increase of 4.49% year-on-year; the sales volume of commercial coal was 7.7083 million tons, an increase of 1.81% year-on-year. In 2026, Hengyuan Coal Electricity plans to produce 11.10 million tons of raw coal and sell 8.2960 million tons of commercial coal.

川煤集团 4月1日，川煤集团与四川银行举行交流座谈，双方围绕深化银企协同、拓展合作领域、服务地方经济等议题深入交流、凝聚共识。四川银行党委委员、拟任副行长席代金，川煤集团总会计师叶光明出席会议。

Chuanmei Group: On April 1st, Chuanmei Group held an exchange and discussion meeting with Sichuan Bank. Both parties had in-depth exchanges and reached consensus on issues such as deepening bank-enterprise collaboration, expanding cooperation areas, and serving local economy. Sichuan Bank's Party Committee member and proposed deputy行长 Xi Daijin， as well as Chuanmei Group's Chief Accountant Ye Guangming attended the meeting.

淮河能源集团 3月31日，淮河能源战新产业发展研究院揭牌仪式暨“淮南矿区新型能源体系建设示范”规划研讨会在深部煤炭安全开采与环境保护全国重点实验室学术报告厅举行。淮南市委副书记、市长张志强，淮河能源控股集团党委书记、董事长、总经理韩家章，中国工程院院士、安徽理工大学党委副书记、校长袁亮，安徽省国资委二级巡视员、公司治理处处长左申齐出席并致辞，共同为战新产业发展研究院揭牌。韩家章为特聘专家颁发聘书，并主持研讨会。

Huaihe Energy Group: On March 31st, the unveiling ceremony of the Huaihe Energy Strategic New Industry Development Research Institute and the planning discussion on "Demonstration of New Energy System Construction in Huainan Mining Area" were held in the academic lecture hall of the National Key Laboratory for Deep Coal Safety Mining and Environmental Protection. Zhang Zhiqiang, the deputy secretary of the Huainan Municipal Committee and the mayor, Han Jiazhang, the Party Secretary, Chairman and General Manager of Huaihe Energy Group, Yuan Liang, an academician of the Chinese Academy of Engineering and the vice president and president of Anhui University of Science and Technology, and Zuo Shenqi, the second-level inspector of the State-owned Assets Supervision and Administration Commission of Anhui Province and the director of the Company Governance Department, attended and delivered speeches. They jointly inaugurated the Strategic New Industry Development Research Institute. Han Jiazhang presented appointment letters to the special invited experts and presided over the seminar.

3月31日，淮河能源控股集团党委书记、董事长、总经理韩家章在煤矿宾馆会见了来访的华为矿山军团总裁吴海宇一行，并就深化战略合作进行座谈交流。

On March 31st, Han Jiazhang, the Party Secretary, Chairman and General Manager of Huaihe Energy Group, met with the visiting team led by Wu Haiyu, the President of Huawei's Mining Division, at the Coal Mine Hotel. They then had a discussion and exchange on deepening strategic cooperation.

近日，在中国银行间市场交易商协会、中国人民银行安徽省分行、国家金融监督管理总局安徽监管局的指导下，淮河能源控股集团成功簿记发行2026年度第一期至第三期中期票据（并购+专项乡村振兴/乡村振兴），发行规模30亿元。

Recently, under the guidance of the National Interbank Market Dealers Association of China, the People's Bank of China Anhui Branch, and the Anhui Regulatory Bureau of the National Financial Supervisory Administration, Huaihe Energy Group Co., Ltd. successfully conducted the book-building issuance of the first to third medium-term notes for the 2026 fiscal year (merger + special rural revitalization / rural revitalization), with an issuance scale of 3 billion yuan.

龙煤鸡矿公司 日前，鸡西市举行龙煤鸡矿公司合作煤矿新井建设项目开工仪式。鸡西市委书记孙成坤宣布项目启动。市委副书记、市长谢志强，龙煤集团党委书记、董事长王戈致辞。龙煤集团党委副书记、总经理张忠波，市领导张行斌、郑野岩、王景章、高运禄，龙煤集团副总经理宋云飞出席。龙煤鸡矿公司党委书记、董事长刘贤君主持，龙煤鸡矿公司党委副书记、总经理宁忠伟出席，省发改委煤炭处负责同志致辞。

Longmei Jikeng Company: Recently, the city of Jixi held the groundbreaking ceremony for the new well construction project of the cooperative coal mine of Longmei Jikeng Company. Jixi City's Party Secretary Sun Chengkun announced the start of the project. The Party Secretary and Mayor Xie Zhiqiang, the Party Secretary and Chairman of Longmei Group Wang Ge delivered speeches. The Deputy Secretary and General Manager of the Party Committee of Longmei Group Zhang Zhongbo, the city leaders Zhang Xingbin, Zheng Ye'an, Wang Jingzhang, and Gao Yunlu, and the Vice President of Longmei Group Song Yunfei attended. The Party Secretary and Chairman of Longmei Jikeng Company Liu Xianjun presided over the ceremony, and the Deputy Secretary and General Manager of the Party Committee of Longmei Jikeng Company Ning Zhongwei attended. The responsible person from the Coal Department of the Provincial Development and Reform Commission delivered a speech.

袁大滩煤矿 近日，中能公司旗下袁大滩煤矿获得国家发改委产能核增复函，正式由800万吨/年核增至1000万吨/年，跻身全国第33个、榆林第24个千万吨级井工矿井。喜讯传来，股东方纷纷致信祝贺，高度评价企业发展成就，并对中能公司未来发展寄予殷切期望。

Yuan Datan Coal Mine: Recently, the Yuan Datan Coal Mine under China Energy Company received a capacity increase approval from the National Development and Reform Commission. It has officially been upgraded from 8 million tons per year to 10 million tons per year, ranking as the 33rd largest and 24th largest underground coal mine in the country. The good news has been received with great enthusiasm by the shareholders, who have sent congratulatory letters, highly praising the company's development achievements and expressing their earnest expectations for the future development of China Energy Company.

安全资讯

Safety Information

全国 4月1日，国务院安委办、应急管理部召开清明假期前后安全防范工作视频调度会。会议强调，深入排查本地区矿山、化工、油气开采、工贸等企业安全风险隐患，严厉查处超能力超强度生产、违规减少安全投入等违法行为，督促各类企业落实落细安全操作规程和管理措施，保持“打非治违”高压态势。

Nationwide: On April 1st, the Office of the State Council's Safety Committee and the Ministry of Emergency Management held a video dispatch meeting on safety precautions during the Qingming holiday. The meeting emphasized that in-depth investigations should be conducted to identify safety risks and hidden dangers in enterprises such as mines, chemical plants, oil and gas extraction, and industrial and commercial enterprises. Severe penalties should be imposed on illegal acts such as exceeding capacity and intensity in production and violating regulations by reducing safety investment. All enterprises should be urged to implement and refine safety operation procedures and management measures, and maintain a high-pressure stance against illegal activities and violations.

据应急管理部消息，自4月初起，24个中央安全生产考核巡查组将陆续对重点地区开展季度明查暗访，重点针对今年以来发生的典型事故和重大涉险事故暴露出的问题，聚焦安全生产责任落实情况等。

According to the Ministry of Emergency Management, since the beginning of April, 24 central safety production assessment and inspection teams will successively conduct quarterly spot checks and undercover investigations in key regions. They will focus on the problems exposed by typical accidents and major incidents of potential risks that occurred this year, and will concentrate on the implementation of safety production responsibilities, among other matters.

为推动矿山企业真正把“时时放心不下”的责任感转化为“事事心中有底”的行动力，自觉明责知责，主动履责尽责，切实保护矿工生命安全。国家矿山安全监察局近日公布3个煤矿典型执法案例。

In order to encourage mining enterprises to truly transform the sense of "always worrying about" into the action of "having full confidence in everything", consciously clarify responsibilities, take the initiative to fulfill responsibilities, and effectively protect the lives and safety of miners, the National Mine Safety Supervision Bureau recently released three typical law enforcement cases of coal mines.

山西 从山西省吕梁市兴县有关部门获悉，4月1日21时15分，中煤关家崖煤业有限公司发生一起冒顶事故，有4人被困。2日2时46分，被困4人被救援升井，已无生命体征。中煤关家崖煤业有限公司隶属中国中煤能源集团旗下中煤集团山西有限公司，生产能力为150万吨/年。

Shanxi: According to the relevant departments of Xing County, Lüliang City, Shanxi Province, on April 1st at 21:15, a roof collapse accident occurred at Zhongcaozhuan Coal Industry Co., Ltd. Four people were trapped. At 2:46 on April 2nd, the four trapped individuals were rescued and lifted out of the mine. They have no vital signs. Zhongcaozhuan Coal Industry Co., Ltd. is affiliated to China Coal Energy Group's Shanxi Branch of China Coal Group and has a production capacity of 1.5 million tons per year.

内蒙古 近日，内蒙古自治区矿山安全监管局发布《内蒙古自治区矿山安全先进适用技术及装备推广目录（2026年第一批）》，包括高低压停送电机器人、自发电式胶带机智能巡检机器人、无人值守智能破碎系统、原煤仓旋转铲刀式防堵清堵机等14项矿山安全生产先进适用技术及装备。

Inner Mongolia: Recently, the Mine Safety Supervision Bureau of the Inner Mongolia Autonomous Region released the "Promotion Catalogue of Advanced and Applicable Technologies and Equipment for Mine Safety in Inner Mongolia Autonomous Region (First Batch of 2026)", which includes 14 advanced and applicable technologies and equipment for mine safety, such as high and low voltage power-off and power-on robots, intelligent inspection robots for self-generated power conveyor belts, unmanned值守 intelligent crushing systems, and rotating shovel-type anti-blockage and cleaning machines for raw coal bins.

陕西 4月1日，国家矿山安全监察局陕西局召开党组扩大会议，要求有关负责同志全部下沉一线，对不放心矿山企业开展暗查暗访，同时，强化远程监察，发现突出问题依法依规进行监察执法。

Shaanxi: On April 1st, the Shaanxi Branch of the National Mine Safety Supervision Bureau held an expanded meeting of the Party Leadership Group, requiring all relevant officials to go to the frontlines, conducting surprise inspections and investigations of untrustworthy mining enterprises. At the same time, remote supervision was strengthened, and any prominent problems would be subject to legal and compliant supervision and law enforcement.

江西 3月31日，江西省应急管理厅召开全省矿山安全生产工作视频会指出，2026年将全力防范遏制矿山生产安全事故，持续推进矿山安全生产模式向事前预防转型。

Jiangxi: On March 31st, the Emergency Management Department of Jiangxi Province held a video conference on the province's mining safety work, stating that in 2026, efforts will be made to fully prevent and control mining production safety accidents, and continuously promote the transformation of the mining safety model from post-event prevention to pre-event prevention.

煤炭运输

Coal transportation

铁路 4月1日开始，我国重要能源通道大秦铁路开始为期30天的春季集中修施工，恢复冬季电煤保供高负荷运行下的线路设备性能，为迎峰度夏能源运输奠定基础。国铁太原局统筹运输、调度、机务等部门，优化运输方案、细化运输组织，保障大秦铁路运输与施工协调推进，通过提高日班计划质量、加强装卸组织、加快机车车辆周转等举措，确保大秦铁路集中修期间日运量完成100万吨。

Railway: Starting from April 1st, the important energy transportation line, the Datong Railway, in China has begun a 30-day spring comprehensive maintenance operation. This is to restore the performance of the line equipment under the high-load operation for winter coal supply guarantee, laying the foundation for energy transportation during peak summer demand. The Taiyuan Railway Bureau of the State Railway Corporation has coordinated transportation, dispatching, and locomotive departments, optimized transportation plans and detailed transportation organization, ensuring the coordinated progress of transportation and maintenance on the Datong Railway. Through measures such as improving the quality of daily plans, strengthening loading and unloading organization, and accelerating the turnover of locomotives and vehicles, it is ensured that the daily transportation volume on the Datong Railway during the comprehensive maintenance period reaches 1 million tons.

3月30日，晋煤外运重载通道瓦日铁路完成为期17天的春季集中修施工，恢复线路设施设备状态，释放重载通道运输能力，为即将到来的迎峰度夏电煤保供运输奠定基础。

On March 30th, the Waiji Railway, a major transportation route for coal from Shanxi Province, completed a 17-day spring comprehensive maintenance operation. This restored the condition of the railway facilities and equipment, enhanced the transportation capacity of the heavy-load channel, and laid the foundation for the upcoming peak electricity demand and coal supply transportation.

3月27日，山西兴县至保德县铁路二期工程瓦塘至冯家川复线项目开通试运行，为国家“西煤东运”战略通道提质增效再添动能。

On March 27th, the second phase of the railway project from Xingxian to Baoding in Shanxi Province, the Watang to Fengjiaquan extension line, was put into trial operation. This further enhances the efficiency and capacity of the national "West-to-East Coal Transportation" strategic corridor.

近日，首列满载新疆哈密石头梅1号煤矿煤炭的专列顺利发出，直达浩吉铁路入湘首站——岳阳松木桥站。至此，一条连接新疆煤炭主产区与华中市场的新动脉正式贯通，为“疆煤入湘”再添重要通道。

Recently, the first special train fully loaded with coal from the 1st Coal Mine in Hami, Xinjiang, successfully departed and reached the first station of the Hohhot-Jiujiang Railway in Hunan Province - Yueyang Songmuqiao Station. Thus, a new artery connecting the main coal-producing areas in Xinjiang with the Central China market has been officially opened, providing another important channel for "Xinjiang Coal Entering Hunan".

3月30日，平遥煤化集团新疆—平遥铁路专用线接车仪式在平遥煤化铁路专用线站台隆重举行。首列新疆来煤专列顺利抵达，标志着集团新疆300万吨/年铁路专用线正式通车，晋疆两地铁路运输新通道全面打通，跨区域资源协同发展迈入新阶段。

On March 30th, the receiving ceremony for the Xinjiang - Pingyao Railway Dedicated Line of Pingyao Coal Chemical Group was grandly held at the platform of the railway dedicated line in Pingyao. The first special train carrying coal from Xinjiang arrived smoothly, marking the official opening of the 3 million tons/year railway dedicated line in Xinjiang of the group. The new railway transportation channel between Shanxi and Xinjiang has been fully established, and the cross-regional resource development cooperation has entered a new stage.

截至3月30日，国家能源集团新朔铁路一季度累计完成货物运输量4072.9万吨，超年进度计划4.4万吨，同比增长457.8万吨，增幅达12.7%，提前1天实现首季“满堂红”，为完成全年运输任务打下坚实基础。

As of March 30th, the National Energy Group's Xinshuo Railway had cumulatively completed 407.29 million tons of cargo transportation in the first quarter, exceeding the annual progress plan by 44,000 tons, with a year-on-year increase of 457,800 tons, representing a growth rate of 12.7%. The railway achieved its first-quarter "unqualified success" one day ahead of schedule, laying a solid foundation for completing the annual transportation tasks.

据广汇物流公众号数据，2026年3月，广汇物流旗下红淖铁路发运量超270万吨，同比增长约44%，环比增长约29%。

According to the data from Guanghui Logistics' official account, in March 2026, the transportation volume of the Hongna Railway under Guanghui Logistics exceeded 2.7 million tons, with a year-on-year growth of approximately 44% and a month-on-month growth of about 29%.