Securities code: Yunnan Coal & Energy Co.Ltd(600792) securities abbreviation: Yunnan Coal & Energy Co.Ltd(600792) Announcement No.: 2022013
Yunnan Coal & Energy Co.Ltd(600792)
Abnormal stock trading announcement
The board of directors and all directors of the company guarantee that there are no false records, misleading statements or major omissions in the contents of this announcement, and bear individual and joint liabilities for the authenticity, accuracy and completeness of its contents. Important content tips:
Abnormal fluctuation of stock trading: Yunnan Coal & Energy Co.Ltd(600792) (hereinafter referred to as “the company”) shares are subject to abnormal fluctuation of stock trading within three consecutive trading days on March 1, March 2 and March 3, 2022, with a cumulative deviation of 20% from the closing price. According to the relevant provisions of the trading rules of Shanghai Stock Exchange.
Operation: the company’s current production and operation is normal, and the internal and external business environment is consistent with that of coking companies in the same industry, without significant changes.
Verification: after the company’s self-examination and written confirmation to the controlling shareholders of the company, except for the information disclosed by the company in the early stage, there are no major matters that should be disclosed but not disclosed by the company and the controlling shareholders.
1、 Abnormal fluctuation of stock trading
The deviation of the closing price of the company’s shares has reached 20% in three consecutive trading days on March 1, March 2 and March 3, 2022. According to the relevant provisions of the trading rules of Shanghai Stock Exchange, it belongs to the abnormal fluctuation of stock trading.
2、 Relevant information concerned and verified by the company
According to the requirements of relevant regulations, the board of directors of the company has conducted self-examination and confirmed in writing to the controlling shareholder in view of the abnormal fluctuation of the company’s stock trading. The relevant verification is explained as follows:
(I) at present, the company’s production and operation are normal, and the business environment has not changed significantly.
(II) through self-examination, the company has no major events that should be disclosed but not disclosed, including but not limited to major asset restructuring, issuance of shares, acquisition of listed companies, debt restructuring, business restructuring, asset stripping and asset injection.
(III) after written confirmation to the controlling shareholders of the company, in addition to the information related to the controlling shareholders disclosed by the company in the early stage, the controlling shareholders of the company do not have any major matters that should be disclosed but not disclosed by the company, including but not limited to major asset restructuring, issuance of shares, acquisition of listed companies, debt restructuring, business restructuring, asset divestiture and asset injection; The controlling shareholders of the company did not buy or sell the company’s shares during the abnormal fluctuation of shares.
(IV) the company has not found any unpublished material information that may or has had a great impact on the stock trading price of the company reported by the public media recently.
3、 Whether there is a statement of material information that should be disclosed but not disclosed
The board of directors of the company confirmed that according to the relevant provisions of the Listing Rules of Shanghai Stock Exchange, the company currently has no other matters that should be disclosed but not disclosed, and the board of directors has not been informed that the company has matters that should be disclosed but not disclosed according to the relevant provisions of the Listing Rules of Shanghai Stock Exchange Information that has a great impact on the trading price of the company’s shares and their derivatives.
4、 Risk tips deemed necessary by the company
(I) the company’s expected performance deficit in 2021
On January 27, 2022, the company issued the announcement of Yunnan Coal & Energy Co.Ltd(600792) 2021 annual performance loss in advance (Announcement No.: 2022007). The company expects the net profit attributable to the shareholders of the listed company in 2021 to be – 25 million yuan to – 30 million yuan; It is estimated that the net profit attributable to the shareholders of the listed company after deducting non recurring profits and losses in 2021 will be – 42.8 million yuan to – 47.8 million yuan. The pre loss of this performance is mainly due to the upside down of the company’s coal coke price in the fourth quarter and the reduction of profit per ton of coke, resulting in the decline of the company’s main business profit.
(II) the actual controller of the company has not changed
On February 1, 2021, Yunnan Provincial People’s government and China Baowu iron and Steel Group Co., Ltd. (hereinafter referred to as “China Baowu”) signed a cooperation agreement. According to the cooperation agreement, the two sides will deepen cooperation with the goal that Yunnan holds 10% equity of Kunming Iron and steel Holding Co., Ltd. (hereinafter referred to as “Kunming Iron and steel holding”) and China Baowu holds 90% equity of Kunming Iron and steel Holding Co., Ltd. This cooperation may lead to the change of the actual controller of the company from the state owned assets supervision and Administration Commission of Yunnan Province to the state owned assets supervision and Administration Commission of the State Council when the future conditions are met (for details, see the interim announcement: 2021004, 005, 016). Up to now, the equity transfer agreement has not been signed, the controlling shareholder of the company is still Kunming Iron and steel holding, and the actual controller is Yunnan state owned assets supervision and Administration Commission.
Please refer to the website of Shanghai Stock Exchange (www.sse. Com. CN.) for relevant information of the company And the relevant disclosure documents of China Securities News, Shanghai Securities News, securities daily and securities times. Please invest rationally and pay attention to investment risks.
It is hereby announced.
Yunnan Coal & Energy Co.Ltd(600792) board of directors
March 4, 2022
