Shanxi Coal and Electricity Energy Group Co., Ltd. 2025 Annual Report Summary Securities Code: 000983 Securities Abbreviation: Shanxi Coal and Electricity Announcement No.: 2026-004 Shanxi Coal and Electricity Energy Group Co., Ltd. 2025 Annual Report Summary I. Important Notes This annual report summary is derived from the full annual report. To fully understand the company's operating results, financial status, and future development plans, investors should carefully read the full annual report in the media designated by the China Securities Regulatory Commission. All directors attended the board meeting that reviewed this report. Non-standard Audit Opinion Notice □ Applicable Not applicable Board of Directors' Resolution on Profit Distribution Plan or Capital Reserve Transfer to Share Capital for the Reporting Period ☑ Applicable Not applicable Whether to transfer capital reserve to share capital □ Yes No The profit distribution plan approved by the Board of Directors at this meeting is: based on 5,677,101,059 shares, a cash dividend of RMB 0.9 per 10 shares (tax inclusive) will be distributed to all shareholders, with 0 bonus shares (tax inclusive), and no transfer of capital reserve to share capital. Board of Directors' Resolution on Preferred Share Profit Distribution for the Reporting Period □ Applicable Not applicable II. Company Basic Information
- Company Profile Stock Abbreviation Shanxi Coal and Electricity Stock Exchange Listing Shenzhen Stock Exchange Stock Code 000983 Abbreviation of Previous Stock Name (if any) Xishan Coal and Electricity Contact Person and Contact Information Name Board Secretary Securities Affairs Representative Wang Hongyun Yue Zhiqiang Office Address Fax Telephone Email Shanxi Province, Taiyuan City, Xiaodian District, Changfeng Street No. 115 0351-7799111 0351-7799982 zqb000983@163.com Shanxi Province, Taiyuan City, Xiaodian District, Changfeng Street No. 115 0351-7799111 0351-7799983 zqb000983@163.com
- Introduction to Main Business or Products for the Reporting Period The company's main business is coal production, washing and processing, sales, and power generation and supply, as well as mining development, design and construction, and production and operation of mining and power equipment. The company's main products are coal, electricity, thermal power, and coke products. Coal products mainly include: coking coal, fat coal, lean coal, lean-fat coal, and gas coal. The company's coal sales are mainly in the Northeast, North China, South, and East China regions to large steel, coking, and power generation enterprises. The company's mining areas have abundant resources, stable coal seam occurrence, are nearly horizontal coal seams, have simple geological structures, and a complete range of coal types, including coking coal, fat coal, lean coal, lean-fat coal, and gas coal. Especially in coking coal, the company's coking coal has the advantages of low ash, low sulfur, and good coking properties, making it a high-quality coking coal variety, which is a scarce and protected mining type. In terms of scale and quality advantages, the company's coking coal has strong market competitiveness and holds an important position in the domestic supply of coking coal. As of the beginning of 2025, the company owned 17 coal mine mining rights, with coal resource reserves of 6.53 billion tons. In 2025, the company utilized 0.36 billion tons of resources. Due to factors such as actual mining conditions and coal seam occurrence at some mines, the resource volume changed, resulting in a total decrease of 0.33 billion tons. As of the end of 2025, the company had 17 mines, including 16 producing mines and 1 under construction; coal resource reserves were 6.461 billion tons. Additionally, there is a prospecting right for coal and associated bauxite in the Xingxian area, with coal resource reserves of 953 million tons, bauxite resource reserves of 55.6123 million tons, and gallium resource reserves of 3431.28 tons. The prospecting right registration procedures were completed on June 20, 2025, and an exploration permit was obtained. Geological exploration is currently underway.
- Main Accounting Data and Financial Indicators (1) Main Accounting Data and Financial Indicators for the Past Three Years Does the company need to retrospectively adjust or restate previous accounting data? □ Yes No Unit: RMB 2025 Year-end 2024 Year-end Year-on-year increase/decrease 2023 Year-end Total Assets 108,847,567,597.08 109,949,187,629.70 -1.00% 93,603,512,358.87 Net Assets Attributable to Shareholders of Listed Companies 35,907,564,550.47 36,239,269,940.42 -0.92% 37,623,854,363.53 2025 2024 Year-on-year increase/decrease 2023 Operating Revenue 37,154,856,324.57 45,290,384,448.09 -17.96% 55,522,870,893.68 Net Profit Attributable to Shareholders of Listed Companies 1,200,774,988.79 3,108,028,389.69 -61.37% 6,771,368,105.86 Net Profit Attributable to Shareholders of Listed Companies Excluding Extraordinary Gains and Losses 1,298,887,081.60 3,015,401,269.31 -56.92% 6,817,316,299.45 Net Cash Flow from Operating Activities 5,896,883,637.23 3,587,701,885.45 64.36% 13,697,263,186.81 Basic Earnings Per Share (RMB/share) 0.2115 0.5475 -61.37% 1.2282 Diluted Earnings Per Share (RMB/share) 0.2115 0.5475 -61.37% 1.2282 Weighted Average Return on Net Assets 3.33% 8.33% -5.00% 18.74% (2) Quarterly Main Accounting Data Unit: RMB First Quarter Second Quarter Third Quarter Fourth Quarter Operating Revenue 9,025,556,698.21 9,027,736,058.72 9,122,011,439.99 9,979,552,127.65 Net Profit Attributable to Shareholders of Listed Companies 681,039,664.29 332,656,066.78 420,132,626.97 -233,053,369.25 Net Profit Attributable to Shareholders of Listed Companies Excluding Extraordinary Gains and Losses 725,223,028.17 301,370,653.13 425,854,681.64 -153,561,281.34 Net Cash Flow from Operating Activities 1,885,572,623.47 1,441,714,234.14 1,116,393,676.49 1,453,203,103.13 Does the above financial indicators or their sum significantly differ from the disclosed quarterly and semi-annual financial indicators? □ Yes No
- Share Capital and Shareholder Information (1) Number of Ordinary Shareholders and Priority Shareholders with Voting Rights Restored, and Top 10 Shareholders' Shareholding Information Unit: Share Reporting Period End Ordinary Shareholder Total 162,802 Previous Month-End Ordinary Shareholder Total 149,739 Reporting Period End Priority Shareholders with Voting Rights Restored Total 0 Previous Month-End Priority Shareholders with Voting Rights Restored Total 0 Top 10 Shareholders' Shareholding Information (excluding shares lent through securities lending and repurchase) Shareholder Name Shareholder Type Shareholding Percentage Number of Shares Held Number of Shares with Restricted Sale Conditions Pledged, Marked, or Frozen Status Number of Shares Shanxi Coal and Electricity Energy Group Co., Ltd. State-owned Legal Person 57.29% 3,252,254,735 1,036,858,280 Pledged 411,916,814 China Pacific Life Insurance Co., Ltd. - Traditional Insurance High Dividend Stock Management Combination Other 1.91% 108,612,425 0 Not applicable 0 Industrial and Commercial Bank of China Co., Ltd. - China Securities Coal Trading Type Open Index Securities Investment Fund Other 1.50% 84,974,102 0 Not applicable 0 Hong Kong Stock Exchange Clearing Limited Foreign Legal Person 1.21% 68,559,806 0 Not applicable 0 Shanghai Baosteel International Economic Trade Co., Ltd. State-owned Legal Person 0.98% 55,455,798 0 Not applicable 0 Industrial and Commercial Bank of China Co., Ltd. - Huatai Bairui CSI 300 Index Fund Other 0.83% 47,111,229 0 Not applicable 0 Exchange-Traded Open-Index Securities Investment Fund #Shanghai Tongneng Investment Holding Co., Ltd. Foreign Legal Person 0.72% 40,592,330 0 Not applicable 0 Jingjie Investment Co., Ltd. Foreign Legal Person 0.64% 36,522,252 0 Not applicable 0 China Construction Bank Co., Ltd. - E Fund CSI 300 Exchange-Traded Open-Index Fund Other 0.59% 33,438,671 0 Not applicable 0 Guosen Securities Co., Ltd. State-owned Legal Person 0.53% 29,919,402 0 Not applicable 0 Description of Shareholder Relationships or Concerted Actions None Explanation of Shareholders Participating in Securities Margin Trading and Securities Lending Business (if any) Shareholder accounts marked with "#" are those that hold shares through both a regular securities account and a securities account for margin trading and collateralized lending with XX Securities Company. The shareholder Shanghai Tongneng Investment Holding Co., Ltd. holds 40,592,330 shares through a securities account for margin trading and collateralized lending with XX Securities Company. Information on Shareholders Holding More Than 5% of Shares, Top 10 Shareholders, and Top 10 Shareholders with Freely Tradable Shares Participating in Securities Lending and Repurchase Business □ Applicable Not applicable Changes in Top 10 Shareholders and Top 10 Shareholders with Freely Tradable Shares Due to Securities Lending and Repurchase/Return Leading to Changes Compared to the Previous Period □ Applicable Not applicable (2) Total Number of Preferred Shareholders and Top 10 Preferred Shareholders' Shareholding Information □ Applicable Not applicable The company has no preferred shareholders during the reporting period. (3) Ownership and Control Structure Diagram of the Company and its Actual Controller State-owned Assets Supervision and Administration Commission of Shanxi Provincial Government Shanxi Provincial Department of Finance 90% Shanxi Coal and Electricity Energy Group Co., Ltd. 57.29% Shanxi Coal and Electricity Energy Group Co., Ltd. 10%
- Information on Outstanding Bonds as of the Approval Date of the Annual Report ☑ Applicable Not applicable (1) Bond Basic Information Shanxi Coal and Electricity Energy Group Co., Ltd. 2022 Publicly Issued Corporate Bonds (First Tranche) Bond Name Bond Abbreviation Bond Code Issuance Date Maturity Date Bond Balance (Ten Thousand RMB) Interest Rate 22 Energy 01 149765 December 31, 2021 January 5, 2027 200,000 2.33% Information on Interest Payment and Redemption of Company Bonds During the Reporting Period During the reporting period, 22 Energy 01 made its interest payments on time. (2) Latest Credit Rating and Rating Change of Company Bonds CCXI International Credit Rating Co., Ltd. issued the "Shanxi Coal and Electricity Energy Group Co., Ltd. 2025 Annual Rating Report" on June 26, 2025. The credit rating for the bond 22 Energy 01 is AAA, which is consistent with the previous rating. (3) Main Accounting Data and Financial Indicators for the Past Two Years as of the End of the Reporting Period Item Asset-Liability Ratio Net Profit Excluding Extraordinary Gains and Losses EBITDA to Total Debt Ratio Interest Coverage Ratio 2025 57.10% 181,932.84 28.36% 3.44 2024 57.37% 399,744.28 34.61% 8.36 Year-on-year increase/decrease -0.27% -54.49% -6.25% -58.85% Unit: Ten Thousand RMB III. Important Matters None