股票简称：广州发展 股票代码：600098 公告编号：临 2025-072 号 公司债券简称：21 穗发 01、21 穗发 02、22 穗发 01、22 穗发 02 公司债券代码：188103、188281、185829、137727 广州发展集团股份有限公司关于 董事会秘书离任暨聘任董事会秘书的公告 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。 | 姓名 | 离任职 | | | 原定任期 | | 离任 | 是否继续在 上市公司及 | | 是否存在 未履行完 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 离任时间 | | | | | | 具体职务 | | | | 务 | | | 到期日 | | 原因 | 其控股子公 | | 毕的公开 | | | | | | | | | 司任职 | | 承诺 | | 吴宏 | 董事会 | 2025 年 | 10 | 2026 年 | 12 | 工作 | 是 | 党委副书记、副董事 | 否 | | | ...

Core Viewpoint - Guangzhou Development (600098.SH) aims to align with national strategies and achieve "dual carbon" goals by engaging in the bidding for a 35% stake in China Electric Power Construction (Lufeng) Pumped Storage Development Co., Ltd. at a transfer base price of 53.2535 million yuan [1] Group 1 - The company is focusing on building a new power system to support its industrial transformation and collaborative development [1] - The participation in the bidding reflects the company's strategy to secure quality pumped storage project resources [1]

Group 1 - The company Guangzhou Development has appointed Ms. Jiang Yun as the secretary of the ninth board of directors, with a term ending on December 28, 2026 [1] - For the first half of 2025, the revenue composition of Guangzhou Development is as follows: coal accounts for 44.2%, pipeline gas 21.39%, oil products 11.75%, coal power 7.91%, gas power 5.35%, and wind power 5.25% [1] - As of the report date, the market capitalization of Guangzhou Development is 24.1 billion yuan [1]

Core Viewpoint - Guangzhou Development (600098.SH) aims to align with national strategies and achieve "dual carbon" goals by engaging in the bidding for a 50% stake in China Electric Power Construction (Fumin) Pumped Storage Development Co., Ltd. [1] Group 1 - The company plans to secure quality pumped storage project resources to facilitate its industrial transformation and collaborative development [1] - The bidding price for the stake is set at a base price of 53.2284 million yuan [1]

Core Viewpoint - Guangzhou Development (600098) announced its intention to participate in the bidding for a 35% stake in Lufeng Company and a 50% stake in Fumin Company, with respective transfer base prices of 53.2535 million and 53.2284 million yuan [1] Group 1 - The full subsidiary of Guangzhou Development, Guangzhou Development Power Group Co., Ltd., is involved in the bidding process [1] - The bidding stakes represent significant investment opportunities for the company in the energy sector [1]

Core Viewpoint - Guangzhou Development (600098.SH) aims to align with national strategies and achieve "dual carbon" goals by participating in the auction for a 50% stake in Fumin Company, thereby promoting the company's industrial transformation and collaborative development [1] Group 1: Company Actions - The company's wholly-owned subsidiary, Guangzhou Development Power Group Co., Ltd., plans to participate in the auction for a 50% stake in Fumin Company [1] - The board of directors has approved the proposal to sign an investment and development cooperation intention agreement based on an asset appraisal report [1] - The minimum transfer price for the stake is set at 53.2284 million yuan [1]

Core Viewpoint - Guangzhou Development (600098.SH) aims to accelerate the construction of a new power system and optimize its industrial structure by expanding into new areas of energy business, particularly focusing on increasing the proportion of renewable and green low-carbon energy [1] Group 1 - The company’s wholly-owned subsidiary has approved the acquisition of a 35% stake in China Electric Power Construction (Lufeng) Pumped Storage Development Co., Ltd. [1] - The acquisition will be conducted at a value not exceeding 53.7999 million yuan based on the asset appraisal report [1]

Core Viewpoint - The company intends to participate in the auction for a 35% stake in China Power Construction (Lufeng) Pumped Storage Development Co., Ltd., with a transfer base price of 53.2535 million yuan [1] Group 1: Company Actions - The company's wholly-owned subsidiary, Electric Power Group, has received approval from the board to proceed with the auction [1] - The auction does not constitute a related party transaction or a major asset restructuring [1] Group 2: Financial Information - As of July 31, 2025, Lufeng Company has a paid-in capital of 139.75 million yuan [1] - The net profit for Lufeng Company from January to September 2025 is 147,800 yuan [1] - The total investment for the Lufeng project is 8.108 billion yuan, with the main construction scheduled to start on December 1, 2025 [1] Group 3: Auction Details - The outcome of the auction is uncertain [1]

Core Viewpoint - Guangzhou Development Group Co., Ltd. reported a revenue of 37.965 billion yuan for the first three quarters of 2025, marking a year-on-year increase of 5.42%, while net profit attributable to shareholders rose by 36.05% to 2.159 billion yuan [1][4]. Financial Performance - The company achieved a total revenue of 37.965 billion yuan in the first three quarters, with a year-on-year growth of 5.42% [1][4]. - Net profit attributable to shareholders reached 2.159 billion yuan, reflecting a significant increase of 36.05% compared to the previous year [1][4]. - The company plans to distribute approximately 350 million yuan in mid-term dividends, which represents 16.24% of the net profit attributable to shareholders for the first three quarters [7]. Business Operations - Guangzhou Development is engaged in green low-carbon comprehensive smart energy, energy conservation, environmental protection, and energy finance, making it one of the key comprehensive energy enterprises in Guangdong Province [3]. - The company reported a decrease of 43.12% in net profit attributable to shareholders after deducting non-recurring gains and losses, attributed to lower profits from coal trading and reduced investment income from associated enterprises [4][6]. - The company completed a total power generation of 18.915 billion kWh and gas supply of 449.424 million cubic meters in the first nine months, with respective year-on-year growths of 1.70% and 1.83% [6]. Shareholder Activity - The controlling shareholder, Guangzhou Industrial Investment Holding Group Co., Ltd., increased its stake in Guangzhou Development by acquiring approximately 20.55 million shares, raising its total shareholding to 57.94% [3]. - The company appointed Jiang Yun as the secretary of the board and Xu Zilu as the securities affairs representative [7][8]. Strategic Initiatives - Guangzhou Development is actively pursuing the issuance of REITs and has accelerated the establishment of a green low-carbon industry fund to enhance resource integration and industrial collaboration [3]. - The company has made significant progress in its energy storage business, with a total installed capacity of new energy storage projects reaching 196 MW/345 MWh, a year-on-year increase of 830% [6][7].

Core Insights - Guangzhou Development reported a revenue of 37.934 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 5.46% [1] - The net profit attributable to shareholders reached 2.159 billion yuan, showing a significant increase of 36.05% year-on-year [1] - In Q3 2025, the company achieved a revenue of 14.621 billion yuan, with a year-on-year growth of 11.42% [1] Financial Performance - The net profit for Q3 2025 was 524 million yuan, reflecting a year-on-year increase of 19.06% [1] - The net profit excluding non-recurring gains and losses for Q3 was 501 million yuan, up by 18.8% year-on-year [1] - The total revenue for the first three quarters of 2025 was 37.934 billion yuan, with a net profit of 2.159 billion yuan [1] Operational Data - The total power generation for the first three quarters was 189.15 billion kWh, marking a growth of 1.70% year-on-year [1] - The on-grid electricity (including photovoltaic power) reached 181.53 billion kWh, an increase of 2.05% year-on-year [1] - Natural gas supply amounted to 449,424 million cubic meters, up by 1.83% year-on-year [1] - Coal sales volume increased significantly by 16.35% year-on-year, totaling 35.96 million tons [1] R&D Investment - R&D expenses for the first three quarters of 2025 reached 492 million yuan, a year-on-year increase of 9.25% [2] - The company has established 18 municipal-level and above R&D platforms and collaborated with various universities and research institutions [2] - Focus areas include research and transformation of key topics such as combustible ice and hydrogen energy [2] Strategic Development - The company is actively building core competitiveness and optimizing its industrial structure to achieve high-quality development [2] - The "12218" modern industrial system is being promoted to enhance development vitality and quality [2] - The company aims to strengthen its technological capabilities and drive industrial transformation and upgrading [2]