证券代码：600956 证券简称：新天绿能 公告编号：2025-019 特此公告。 关于使用部分闲置募集资金进行现金管理到期赎回的公告 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。 新天绿色能源股份有限公司 新天绿色能源股份有限公司（以下简称"公司"或"本公司"）为提高募集资金使用效率，在确保不影响募 集资金投资项目实施及募集资金安全的前提下，经公司2024年4月25日召开的第五届董事会第二十四次 临时会议和第五届监事会第十一次临时会议审议，自董事会审议通过之日起12个月内，公司使用最高不 超过人民币4亿元（包含本数）的暂时闲置募集资金进行现金管理，上述投资额度在有效期内可循环滚 动使用，以12个月内任一时点的理财产品余额计算。董事会授权公司管理层在批准额度内行使决策权， 授权自公司董事会审议通过之日起12个月内有效。公司监事会对本事项发表了意见，保荐机构对本事项 出具了明确的核查意见。具体内容详见上海证券交易所网站（www.sse.com.cn）披露的《新天绿色能源 股份有限公司关于使用部分闲置募集资金进行现金管理的公告 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED* 新天綠色能源股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00956） 海外監管公告 本公告乃由新天綠色能源股份有限公司（「本公司」）根據《香港聯合交易所有限公司證券上市規則》第 13.10B條作出。 茲載列本公司於上海證券交易所網站刊發之《新天綠色能源股份有限公司關於更換持續督導保薦代表 人的公告》，僅供參閱。 承董事會命 新天綠色能源股份有限公司 譚建鑫 執行董事及總裁 中國河北省石家莊市，2025年4月1日 * 僅供識別 证券代码：600956 证券简称：新天绿能 公告编号：2025-021 新天绿色能源股份有限公司 关于更换持续督导保荐代表人的公告 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。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED* 新天綠色能源股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00956） 海外監管公告 本公告乃由新天綠色能源股份有限公司（「本公司」）根據《香港聯合交易所有限公司證券上市規則》第 13.10B條作出。 茲載列本公司於上海證券交易所網站刊發之《新天綠色能源股份有限公司關於2021年非公開發行A股 股票部分募投項目募集資金專戶完成銷戶的公告》，僅供參閱。 承董事會命 執行董事及總裁 中國河北省石家莊市，2025年4月1日 於本公告日期，本公司非執行董事為曹欣博士、李連平博士、秦剛先生、王濤先生及張旭蕾女士； 本公司執行董事為譚建鑫先生；以及本公司獨立非執行董事為郭英軍先生、陳奕斌先生及林濤博 士。 证券代码：600956 证券简称：新天绿能 公告编号：2025-020 新天绿色能源股份有限 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00956） 海外監管公告 本公告乃由新天綠色能源股份有限公司（「本公司」）根據《香港聯合交易所有限公司證券上市規則》第 13.10B條作出。 茲載列本公司於上海證券交易所網站刊發之《新天綠色能源股份有限公司關於使用部分閒置募集資金 進行現金管理到期贖回的公告》，僅供參閱。 承董事會命 新天綠色能源股份有限公司 譚建鑫 CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED* 新天綠色能源股份有限公司 新天绿色能源股份有限公司 关于使用部分闲置募集资金进行现金管理到期赎回 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。 新天绿色能源股份有限公司（以下简称"公司"或"本公司"）为提高募集资金 使用效率，在确保不影响募集资金 ...

Investment Rating - The report maintains a "Buy" rating for the company [4][17]. Core Views - The company's performance in 2024 was impacted by unfavorable wind conditions, leading to a decline in net profit and earnings per share [7]. - Despite the short-term challenges in the renewable energy sector, the long-term growth potential remains strong due to increased installed capacity [7]. - The company has a high dividend payout ratio, enhancing its investment appeal despite a decline in earnings [7]. Financial Data and Profit Forecast - Revenue projections for the company are as follows: - 2023: 20,282 million RMB - 2024: 21,372 million RMB (5% growth) - 2025E: 25,958 million RMB (22% growth) - 2026E: 28,108 million RMB (8% growth) - 2027E: 31,040 million RMB (10% growth) [3][8] - Net profit forecasts indicate a decline in 2024 to 1,672 million RMB, followed by a recovery to 2,803 million RMB in 2025 and 3,498 million RMB in 2027 [3][8]. - Earnings per share are projected to be 0.40 RMB in 2024, increasing to 0.67 RMB in 2025 and 0.83 RMB in 2027 [3][8]. - The company's return on equity is expected to improve from 7.71% in 2024 to 22.1% in 2027 [3]. Market Data - As of March 27, 2025, the company's closing price was 3.66 HKD, with a market capitalization of 153.93 billion HKD [4]. - The stock has a price-to-earnings ratio of 6.0 for 2025, decreasing to 4.8 by 2027 [3][4]. - The dividend per share for 2024 is set at 0.21 RMB, resulting in a dividend yield of 6.1% [7].

Summary of Xintian Green Energy Conference Call Company Overview - **Company**: Xintian Green Energy - **Year**: 2024 Key Points Industry and Company Performance - 2024 marked the highest approved capacity and growth for Xintian Green Energy, with a total of 6.1 million kW approved, including 3.78 million kW for wind power, a 62.19% increase year-on-year [3] - The company achieved a revenue of 21.372 billion yuan, a 5.38% increase, but net profit decreased by 24% to 1.672 billion yuan [3][5] - The renewable energy segment accounted for 28% of revenue, down 3.2%, while the natural gas segment made up 72%, up 9.2% [3] Financial Highlights - Average wind power utilization hours were 2,226, 99 hours above the national average, but down 193 hours year-on-year [3] - Average electricity price decreased by 0.01 yuan/kWh [3] - Natural gas sales volume reached 5.888 billion cubic meters, a 15.13% increase, with LNG sales up 146.27% [3][4] Strategic Initiatives - The company plans to increase installed capacity, focusing on quality and efficiency, and accelerate offshore wind power development [3][6] - Xintian Green Energy aims to leverage its natural gas supply chain advantages and expand market share, particularly in Hebei province [3][8] - The Hai Feng project has been approved for 1 million kW, with 30% expected to be operational by the end of 2025 [3][10] Challenges and Risks - The natural gas business saw a profit decrease of 700 million yuan, attributed to rising depreciation and financial costs [3][14] - The company anticipates stable gross profit margins in 2025, contingent on winter weather and economic recovery [3][14] Future Outlook - Capital expenditure for 2025 is projected at approximately 17 billion yuan, with actual spending potentially lower at around 10 billion yuan [3][15][16] - The company maintains a high dividend payout ratio, increasing to 50% in 2024 [3][15] - Xintian Green Energy aims for a profit target of over 2.7 billion yuan in 2025, focusing on accelerating wind power project construction [3][23] ESG Achievements - In 2024, the company received multiple ESG awards and achieved the first green hydrogen certification in China for its hydrogen production project [3][7] Regulatory Impact - The release of Document No. 136 by the National Development and Reform Commission is expected to stabilize electricity prices and enhance the sustainability of the renewable energy sector [3][9] Capital Projects and Infrastructure - The Tangshan Xintian Green Energy terminal completed phase one and is expected to achieve profitability in 2025 with a target throughput of 1.55 million tons [3][17] - The Caofeidian terminal's second phase is projected to be operational by mid-2025 [3][19] Renewable Energy Subsidies - As of the end of 2024, the company has a cumulative subsidy receivable of approximately 6.5 billion yuan, with a high compliance rate for subsidy projects [3][26] Market Conditions - The company expects a challenging first quarter in 2025, with pressure on natural gas revenues but improved wind power generation [3][27]

Investment Rating - The report maintains an "Accumulate" rating for the company [1][8]. Core Views - The company's 4Q24 performance met expectations, with stable dividend amounts. The report anticipates growth potential for 2025 [3][8]. - The company reported a revenue of 21.372 billion RMB for 2024, a year-on-year increase of 5.4%. However, the net profit attributable to shareholders was 1.9 billion RMB, a decrease of 24.2% year-on-year [8]. - The average net electricity price for 2024 was 0.43 RMB per kWh, showing a slight decrease of 0.01 RMB per kWh compared to the previous year [8]. Financial Summary - Revenue and profit figures for the company from 2021 to 2027 are as follows: - Revenue: 15,985 million RMB (2021), 18,561 million RMB (2022), 20,282 million RMB (2023), 21,372 million RMB (2024), with estimates of 26,662 million RMB (2025E), 29,684 million RMB (2026E), and 30,341 million RMB (2027E) [7]. - Net Profit: 2,712 million RMB (2021), 2,819 million RMB (2022), 2,734 million RMB (2023), 1,900 million RMB (2024), with estimates of 3,150 million RMB (2025E), 3,429 million RMB (2026E), and 3,656 million RMB (2027E) [7]. - The company’s PE ratio for 2024 is 8.96, with projections of 5.41 (2025E), 4.97 (2026E), and 4.66 (2027E) [7]. Operational Insights - The company’s wind power capacity reached 6.6 GW by the end of 2024, a year-on-year increase of 4.7%. In February 2025, the electricity generation was 1.42 billion kWh, a year-on-year increase of 35.2% [8]. - The report suggests that the company’s performance in 2025 is expected to improve due to the resolution of weather-related disruptions and the ramp-up of LNG terminal capacity [8].

Investment Rating - The investment rating for the company is "Buy" (maintained) [4] Core Views - The company's performance has been impacted by declining wind speeds and impairment losses, but the growth in installed capacity remains relatively certain [4] - The company reported a revenue of 21.37 billion RMB for 2024, a year-on-year increase of 5.38%, but the net profit attributable to shareholders decreased by 24.24% to 1.67 billion RMB [6] - The company expects to see a recovery in wind resources, which could lead to improved performance in the coming years [6] Financial Summary - The company's total market capitalization is approximately 16.23 billion HKD, with a circulating market capitalization of about 7.10 billion HKD [2] - The company's debt-to-asset ratio stands at 67.57% [2] - Revenue projections for 2025 are estimated at 24.66 billion RMB, with a year-on-year growth rate of 15.4% [5] - The projected net profit for 2025 is 2.25 billion RMB, reflecting a growth rate of 34.3% compared to 2024 [5] - The company plans to distribute a cash dividend of 0.21 RMB per share, which represents 52.81% of the net profit for the year [6] - The average utilization hours for wind power in 2024 are expected to be 2,226 hours, the lowest since 2017 [6] - The company has a projected PE ratio of 6.6 for 2025, indicating potential value for investors [5]

新天绿能: 新天绿能2024年度内部控制审计报告 一、企业对内部控制的责任 按照《企业内部控制基本规范》、《企业内部控制应用指引》、《企业内部控制评价指引》 的 规定，建立健全和有效实施内部控制，并评价其有效性是企业董事会的责任。 新天绿色能源股份有限公司 内部控制审计报告 二零二四年十二月三十一日 内部控制审计报告 安永华明（2025）专字第70015920_A04 号 新天绿色能源股份有限公司全体股东： 按照《企业内部控制审计指引》及中国注册会计师执业准则的相关要求，我们审计了新天 绿色能源股份有限公司 2024 年 12 月 31 日的财务报告内部控制的有效性。 二、注册会计师的责任 我们的责任是在实施审计工作的基础上，对财务报告内部控制的有效性发表审计意见，并 对注意到的非财务报告内部控制的重大缺陷进行披露。 三、内部控制的固有局限性 内部控制具有固有局限性，存在不能防止和发现错报的可能性。此外，由于情况的变化可 能导致内部控制变得不恰当，或对控制政策和程序遵循的程度降低，根据内部控制审计结果推 测未来内部控制的有效性具有一定风险。 安永华明（2025）专字第 70015920_A04号 四、财务报告 ...

新天绿能: 安永华明会计师事务所关于新天绿能2024年 度涉及财务公司关联交易的专项说明 新天绿色能源股份有限公司 涉及财务公司关联交易的专项说明 涉及财务公司关联交易的专项说明 安永华明（2025）专字第70015920_A03号 新天绿色能源股份有限公司 新天绿色能源股份有限公司董事会： 我们审计了新天绿色能源股份有限公司的2024年度财务报表，包括2024年12月31 日的合并及公司资产负债表，2024年度的合并及公司利润表、股东权益变动表和现金 流量表以及相关财务报表附注，并于2025年3月25日出具了编号为安永华明（2025） 审字第70015920_A01号的无保留意见审计报告。 按照中国证券监督管理委员会《关于规范上市公司与企业集团财务公司业务往来 的通知》的要求，新天绿色能源股份有限公司编制了后附的2024年度涉及河北建投集 团财务有限公司关联交易汇总表（以下简称"汇总表"）。 涉及财务公司关联交易的专项说明（续） 安永华明（2025）专字第70015920_A03号 新天绿色能源股份有限公司 （本页无正文） 安永华明会计师事务所（特殊普通合伙） 中国注册会计 师：王 宁 如实编制和对外披露汇 ...