Core Viewpoint - Dazhong Public Utility, established in 1992 and listed in 1993, is a significant player in China's public utility sector, focusing on utility services and financial investment, benefiting from diversified business synergies [1] Group 1: Business Performance - In Q3 2025, Dazhong Public Utility reported a revenue of 4.596 billion, ranking 9th among 31 companies in the industry, with the industry leader, New Hope Group, generating 95.856 billion [2] - The company's net profit for the same period was 627 million, placing it 5th in the industry, while the top performer, New Hope Group, achieved a net profit of 7.057 billion [2] Group 2: Financial Ratios - As of Q3 2025, Dazhong Public Utility's debt-to-asset ratio stood at 54.06%, higher than the industry average of 46.36%, but improved from 56.22% in the previous year [3] - The gross profit margin for the same period was 18.60%, exceeding the industry average of 16.52% and up from 16.76% year-on-year [3] Group 3: Executive Compensation - The company's president, Liang Jiawei, received a salary of 3.564 million in 2024, an increase of 650,000 from 2.914 million in 2023 [4] Group 4: Shareholder Information - As of September 30, 2016, the number of A-share shareholders decreased by 5.42% to 228,500, with an average holding of 10,800 circulating A-shares, which increased by 5.74% [5] - By September 30, 2025, Hong Kong Central Clearing Limited was the ninth largest circulating shareholder, holding 2.02103 million shares, a decrease of 247,000 shares from the previous period [5]

Group 1 - The core viewpoint of the article is that despite a decrease in revenue, the company has significantly increased its net profit in the third quarter of 2025 [1] Group 2 - The company reported a revenue of 4.596 billion RMB for the nine months ending September 30, 2025, representing a year-on-year decrease of 2.65% [1] - The net profit attributable to shareholders of the listed company was 520 million RMB, showing a year-on-year increase of 205.14% [1] - The basic earnings per share were reported at 0.176 RMB [1]

2025年第三季度，实现营业收入11.63亿元，同比增加7.93%；归属于上市公司股东的净利润1.87亿元， 同比增加287.59%，基本每股收益0.0633元。 格隆汇10月30日丨大众公用(01635.HK)发布公告，2025年前三季度，营业收入达到45.96亿元(人民币， 下同)；归属于上市公司股东的净利润5.20亿元，同比增加205.14%；归属于上市公司股东的扣除非经常 性损益的净利润3.09亿元，同比增加104.79%；基本每股收益0.176元。 ...

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之內容概不負責，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 部份內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 上海大眾公用事業（集團）股份有限公司 Shanghai Dazhong Public Utilities (Group) Co., Ltd.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1635） 海外監管公告 董事會提名委員會工作細則（修訂） 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 下文載列上海大眾公用事業（集團）股份有限公司在上海證券交易所網站 (http://www.sse.com.cn)刊發的「董事會提名委員會工作細則（修訂）」。 承董事會命 上海大眾公用事業（集團）股份有限公司 董事局主席 楊國平 中華人民共和國，上海 2025年10月30日 於本公告日期，本公司執行董事為楊國平先生、梁嘉瑋先生及汪寶平先生；本公司非執行 董事為趙曄青先生及金永生先生；以及本公司獨立非執行董事為姜國芳先 生、李穎琦女 士、劉峰先生及楊平先生。 * 僅供識別 上海大 ...

上海大眾公用事業（集團）股份有限公司 Shanghai Dazhong Public Utilities (Group) Co., Ltd.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1635） 海外監管公告 2025年第三季度報告 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之內容概不負責，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 部份內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 下文載列上海大眾公用事業（集團）股份有限公司在上海證券交易所網站 (http://www.sse.com.cn)刊發的「2025年第三季度報告」。 承董事會命 上海大眾公用事業（集團）股份有限公司 董事局主席 楊國平 中華人民共和國，上海 2025年10月30日 於本公告日期，本公司執行董事為楊國平先生、梁嘉瑋先生及汪寶平先生；本公司非執行 董事為趙曄青先生及金永生先生；以及本公司獨立非執行董事為姜國芳先 生、李穎琦女 士、劉峰先生及楊平先生。 * 僅供識別 证券代码：600635 证 ...

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之內容概不負責，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 部份內 容而產生或因倚賴該等內容而引致之任何損失承擔任何責任。 上海大眾公用事業（集團）股份有限公司 Shanghai Dazhong Public Utilities (Group) Co., Ltd.* （於中華人民共和國註冊成立的股份有限公司） （股份代號：1635） 海外監管公告 第十二屆董事會第十三次會議決議公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 下 文 載 列 上 海 大 眾 公 用 事 業 （ 集 團 ） 股 份 有 限 公 司 在 上 海 證 券 交 易 所 網 站 (http://www.sse.com.cn) 刊 發 的 「 第 十 二 屆 董 事 會 第 十 三 次 會 議 決 議 公 告」。 承董事會命 上海大眾公用事業（集團）股份有限公司 董事局主席 楊國平 中華人民共和國，上海 2025年10月30日 於本公告日期，本公司執行董事為楊國平先生、梁嘉瑋先生及汪寶平先生；本公司非執行 董事為趙曄青先生及 ...

上海大眾公用事業（集團）股份有限公司 董事會提名委員會工作細則（修訂） 第六條 提名委員會設主席1名，由獨立非執行董事委員擔任，負責主持提名委員 會工作。 （經2025年10月30日第十二屆董事會第十三次會議審議通過） 第一章 總則 第一條 為進一步建立健全上海大眾公用事業（集團）股份有限公司（以下簡稱「公 司」）董事（以下簡稱「董事」）及高級管理人員的選擇標準和程序，完善公司治理結 構，根據《中華人民共和國公司法》、《上市公司治理準則》、《上海大眾公用事業（集 團）股份有限公司章程》（以下簡稱「《公司章程》」）、《香港聯合交易所有限公司證券 上市規則》（以下簡稱「《上市規則》」）及其他有關法律、行政法規、部門規章和規範 性文件規定，公司特設立董事會（以下簡稱「董事會」）提名委員會（以下簡稱「提名委 員會」），並制定本工作細則。 第二條 提名委員會是董事會按照《公司章程》設立的董事會專門工作機構，主要負 責對公司董事、高級管理人員的選任程序、標準和任職資格進行審議並向董事會提 出建議。 第三條 公司須為提名委員會提供必要的工作條件，配備專門人員或機構承擔提名 委員會的工作聯絡、會議組織、材料準備和檔案管理等日 ...

Financial Performance - The company's operating revenue for the third quarter of 2025 was CNY 1,163,497,647.40, representing a year-on-year increase of 7.93%[11] - Total profit for the same period reached CNY 214,332,322.47, a significant increase of 321.35% compared to the previous year[11] - Net profit attributable to shareholders was CNY 186,753,263.75, reflecting a year-on-year growth of 287.59%[11] - The basic earnings per share for the quarter was CNY 0.0633, up 288.34% from the same period last year[11] - Total operating revenue for the first three quarters of 2025 was approximately ¥4.66 billion, a decrease of 2.7% compared to ¥4.79 billion in the same period of 2024[30] - Operating profit for the first three quarters of 2025 reached approximately ¥723.27 million, significantly up from ¥376.63 million in 2024, marking an increase of 92%[31] - Net profit for the first three quarters of 2025 was approximately ¥626.56 million, compared to ¥280.05 million in 2024, representing a growth of 123%[31] - Total comprehensive income for the first three quarters of 2025 reached CNY 745,905,528.70, a significant increase from CNY 299,044,816.05 in the same period of 2024, representing a growth of approximately 149.5%[33] - Basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.18, up from CNY 0.06 in 2024, reflecting a 200% increase[33] - The company reported a net profit of ¥485,380,137.03 for the first three quarters of 2025, compared to a net profit of ¥56,479,041.75 in the same period of 2024[44] - Net profit for the first three quarters of 2025 reached ¥481,492,818.21, a significant increase from ¥63,983,341.27 in the same period of 2024, representing a growth of approximately 653%[45] - Total comprehensive income for the first three quarters of 2025 was ¥554,546,109.46, compared to ¥69,733,761.01 in 2024, indicating an increase of about 694%[45] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 23,165,402,676.49, showing a slight increase of 0.77% from the previous year[11] - The total current assets amount to ¥5,383,549,882.24, a decrease from ¥5,745,124,147.47 in the previous period[25] - The total non-current assets are valued at ¥17,781,852,794.25, an increase from ¥17,244,028,500.36 in the previous period[26] - The total assets of the company stand at ¥23,165,402,676.49, compared to ¥22,989,152,647.83 previously[26] - Total liabilities as of September 30, 2025, amounted to approximately ¥12.52 billion, a decrease from ¥12.95 billion as of December 31, 2024[28] - Current liabilities totaled approximately ¥7.78 billion as of September 30, 2025, down from ¥8.25 billion at the end of 2024[27] - Non-current liabilities increased to approximately ¥4.74 billion as of September 30, 2025, compared to ¥4.70 billion at the end of 2024[28] - Total liabilities as of September 30, 2025, were ¥7,734,624,707.64, slightly up from ¥7,732,763,339.20 at the end of 2024[42] Cash Flow - The net cash flow from operating activities for the year-to-date was CNY 943,821,306.57, an increase of 93.84% compared to the same period last year[11] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 943,821,306.57, compared to CNY 486,914,459.80 in 2024, indicating an increase of about 93.6%[35] - Cash inflow from operating activities totaled CNY 5,472,470,631.65 in 2025, compared to CNY 5,385,071,878.50 in 2024, showing a modest increase of about 1.6%[35] - Cash outflow from operating activities was CNY 4,528,649,325.08 in 2025, down from CNY 4,898,157,418.70 in 2024, indicating a decrease of approximately 7.5%[35] - Cash inflow from financing activities in the first three quarters of 2025 was CNY 3,706,372,629.02, compared to CNY 4,154,036,317.57 in 2024, reflecting a decrease of about 10.7%[37] - The net cash flow from financing activities was negative CNY 775,515,059.41 in 2025, compared to negative CNY 618,597,908.81 in 2024, indicating a worsening of approximately 25.4%[37] - Cash flow from operating activities generated a net amount of ¥24,442,589.42 in 2025, a turnaround from a net outflow of ¥51,870,043.90 in 2024[47] - Cash inflow from investment activities totaled ¥1,117,776,508.90 in 2025, compared to ¥1,016,570,979.00 in 2024, showing an increase of approximately 9.9%[47] - Cash flow from financing activities resulted in a net outflow of ¥239,978,348.26 in 2025, compared to a smaller outflow of ¥154,536,272.24 in 2024[49] Shareholder Information - The total number of common shareholders at the end of the reporting period is 201,775[21] - The top shareholder, Hong Kong Central Clearing (Agent), holds 533,565,750 shares, representing 18.07% of total shares[21] - Shanghai大众企业管理有限公司 holds 495,143,859 shares, accounting for 16.77% of total shares, with 240,000,000 shares pledged[21] - The equity attributable to shareholders at the end of the reporting period was CNY 9,070,955,629.97, reflecting a year-on-year increase of 6.12%[11] - The total equity attributable to shareholders increased to approximately ¥9.07 billion as of September 30, 2025, compared to ¥8.55 billion at the end of 2024, reflecting a positive trend in shareholder value[28] - The company’s total equity increased to ¥7,479,200,656.31 as of September 30, 2025, from ¥7,040,448,610.31 at the end of 2024[42] Research and Development - Research and development expenses for the first three quarters of 2025 were approximately ¥693.40 thousand, significantly higher than ¥231.13 thousand in 2024, indicating an increase in investment in innovation[30] - The company reported investment income of approximately ¥690.37 million for the first three quarters of 2025, a substantial increase from ¥161.06 million in 2024[31] - Investment income for the first three quarters of 2025 was ¥695,745,569.28, significantly higher than ¥205,641,453.62 in the same period of 2024[44] Cash and Cash Equivalents - Cash and cash equivalents amount to ¥3,069,497,210.21, down from ¥3,411,876,668.50[25] - Cash and cash equivalents at the end of the first three quarters of 2025 totaled CNY 3,055,151,605.05, compared to CNY 2,591,017,089.35 at the end of 2024, marking an increase of approximately 17.9%[38] - Cash and cash equivalents were reported at ¥1,995,807,646.74 as of September 30, 2025, down from ¥2,076,141,332.43 at the end of 2024[40] - The cash and cash equivalents at the end of the third quarter of 2025 were ¥1,995,807,646.74, down from ¥1,698,031,531.25 in 2024[49]

上海大众公用事业（集团）股份有限公司 第十二届董事会第十三次会议决议公告 | 证券代码：600635 | 证券简称： | 大众公用 | | | 编号：临2025-035 | | --- | --- | --- | --- | --- | --- | | 债券代码：138999 | 债券简称： | 23 | 公用 | 01 | | | 债券代码：240539 | 债券简称： | 24 | 公用 | 01 | | 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。 一、董事会会议召开情况 上海大众公用事业（集团）股份有限公司第十二届董事会第十三次会议会议 通知和议案于 2025 年 10 月 16 日以邮件方式发出，并进行了电话确认。会议于 2025 年 10 月 30 日以通讯表决方式召开。会议应出席董事 9 名，实为 9 名，本 次会议召开符合《公司法》及《公司章程》的有关规定，会议合法有效。 二、董事会会议审议情况 1. 审议通过了公司《2025 年第三季度报告》（详见上海证券交易所网站 www.sse.com.cn）； 本议案 ...

Financial Performance - The company's operating revenue for the third quarter reached CNY 1,163,497,647.40, an increase of 7.93% compared to the same period last year[4] - Total profit for the quarter was CNY 214,332,322.47, representing a significant increase of 321.35% year-on-year[4] - Net profit attributable to shareholders was CNY 186,753,263.75, up 287.59% from the previous year[4] - The net profit excluding non-recurring gains and losses for the quarter was CNY 44,723,267.58, reflecting a 5.86% increase year-on-year[4] - Basic earnings per share for the quarter were CNY 0.0633, an increase of 288.34% compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 was CNY 4,659,117,918.93, a decrease of 2.7% compared to CNY 4,788,881,550.75 in the same period of 2024[20] - Net profit for the first three quarters of 2025 reached CNY 626,561,714.85, an increase of 123.8% compared to CNY 280,051,624.60 in 2024[21] - Basic earnings per share for the first three quarters of 2025 were CNY 0.18, compared to CNY 0.06 in 2024, indicating improved profitability per share[22] - The company reported a comprehensive income total of CNY 745,905,528.70 for the first three quarters of 2025, compared to CNY 299,044,816.05 in 2024, indicating strong overall performance[22] Assets and Liabilities - The total assets at the end of the reporting period amounted to CNY 23,165,402,676.49, a slight increase of 0.77% from the end of the previous year[5] - The company's total assets increased to CNY 23,165,402,676.49 from CNY 22,989,152,647.83, showing a growth of 0.76%[18] - Total liabilities decreased to CNY 12,523,870,797.96 from CNY 12,948,689,497.47, a reduction of 3.3%, indicating improved financial health[18] - The total liabilities amounted to ¥7,734,624,707.64, slightly up from ¥7,732,763,339.20 in the previous year[28] - The total equity increased to ¥7,479,200,656.31 from ¥7,040,448,610.31, indicating a growth of approximately 6.2%[28] Cash Flow - The company reported a net cash flow from operating activities of CNY 943,821,306.57 for the year-to-date, an increase of 93.84% compared to the previous year[5] - Operating cash flow for the first three quarters of 2025 reached ¥943,821,306.57, a significant increase of 93.6% compared to ¥486,914,459.80 in the same period of 2024[24] - Total cash inflow from operating activities was ¥5,472,470,631.65, while cash outflow was ¥4,528,649,325.08, resulting in a net cash flow from operating activities of ¥943,821,306.57[24] - The net cash flow from operating activities for the first three quarters of 2025 was ¥24,442,589.42, a recovery from a negative cash flow of -¥51,870,043.90 in the same period of 2024[34] Shareholder Information - As of September 30, 2025, the total number of ordinary shareholders was 201,775[12] - The largest shareholder, Hong Kong Central Clearing Limited, holds 533,565,750 shares, representing 18.07% of total shares[12] - Shanghai Volkswagen Enterprise Management Co., Ltd. holds 495,143,859 shares, accounting for 16.77% of total shares, with 240,000,000 shares pledged[12] Investment and Expenses - The investment income for the first three quarters of 2025 was CNY 690,366,729.23, significantly higher than CNY 161,058,233.83 in the previous year, indicating improved investment performance[21] - Research and development expenses increased to CNY 693,396.24 from CNY 231,132.08, highlighting a focus on innovation and product development[21] - The company incurred financial expenses of ¥92,677,364.97 in the first three quarters of 2025, a decrease from ¥102,017,035.15 in the same period of 2024[30] Non-Recurring Gains and Losses - Non-recurring gains and losses for the quarter totaled CNY 142,029,996.17, with significant contributions from government subsidies and financial asset disposals[8]