本次董事补选完成后，为完善公司治理结构，保证公司董事会专门委员会规 范运作，公司于同日召开第九届董事会第十六次临时会议，审议通过了《关于调 整公司第九届董事会专门委员会委员的议案》。根据《上市公司治理准则》、《公 司章程》及公司董事会各专门委员会工作细则的有关规定，董事会同意对公司第 九届董事会专门委员会委员进行调整，调整后的公司第九届董事会专门委员会组 成情况如下： 1、战略委员会：郭政（主任委员）、张骏、唐晖、黄慧湄、林联青、温步瀛、 许萍 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。 2024 年 11 月 1 日，中闽能源股份有限公司（以下简称"公司"）召开 2024 年第二次临时股东大会，审议通过了《关于增补公司第九届董事会非独立董事的 议案》，增补黄慧湄女士、庄旭阳先生为公司第九届董事会非独立董事。 证券代码：600163 证券简称：中闽能源 公告编号：2024-050 中闽能源股份有限公司 关于调整第九届董事会专门委员会委员的公告 2、审计委员会：许萍（主任委员）、林联青、温步瀛、唐晖、吴明 3、提名委员会：林 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a positive outlook for the stock performance relative to the industry index over the next six months [3][12]. Core Views - The company is expected to benefit from the leading wind resources in Fujian province and a steady growth in local electricity demand, with historical wind power utilization rates reaching 100% [3]. - The company is the only publicly listed energy platform for its shareholder group, which will allow it to benefit from the release of performance from certain projects and the scarcity of quality wind power assets [3]. - Revenue projections for 2024-2026 are estimated at 1.778 billion, 1.896 billion, and 2.023 billion yuan, with year-on-year growth rates of 2.7%, 6.7%, and 6.7% respectively [3]. - The expected net profit for the same period is projected to be 736 million, 804 million, and 873 million yuan, with growth rates of 8.5%, 9.1%, and 8.7% respectively [3]. Financial Summary - The company's operating revenue for 2022 was 1,791 million yuan, which decreased to 1,732 million yuan in 2023, with a projected increase to 1,778 million yuan in 2024 [5][6]. - The net profit attributable to the parent company was 729 million yuan in 2022, dropping to 678 million yuan in 2023, with an expected recovery to 736 million yuan in 2024 [5][6]. - The company's return on equity (ROE) was 13.2% in 2022, decreasing to 11.2% in 2023, with projections of 11.0% in 2024 [5][7]. - The earnings per share (EPS) for 2022 was 0.38 yuan, expected to decrease to 0.36 yuan in 2023, and projected to rise to 0.39 yuan in 2024 [5][7]. Operational Insights - The company's total power generation in Q3 was 4.8 billion kWh, showing a year-on-year decline, influenced by seasonal changes [3]. - The wind power generation in Fujian was 16.89 billion kWh, with a slight year-on-year increase of 0.58%, while other regions experienced declines [3]. - The company has a strong competitive position in local resources, with several projects expected to contribute positively to its performance [3].

光伏电站开发建设方案项目清单的公告 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。 近日，福建省发展和改革委员会发布《关于印发福建省 2024 年度光伏电站 开发建设方案的通知》（闽发改新能〔2024〕502 号），中闽能源股份有限公司（以 下简称"公司"）申报的中闽能源诏安四都 80MW 渔光互补光伏电站、中闽北岸 400MW 渔光互补光伏电站列入福建省 2024 年度光伏电站开发建设方案项目清单， 相关情况如下： 二、对公司的影响 公司申报的 2 个光伏电站项目列入福建省 2024 年度光伏电站开发建设方案 项目清单，有利于公司紧抓双碳战略机遇，深化福建省内光伏发电业务布局，提 升公司新能源装机规模。 证券代码：600163 证券简称：中闽能源 公告编号：2024-048 中闽能源股份有限公司 关于公司申报的光伏电站项目列入福建省 2024 年度 三、风险提示 1、上述项目尚处于前期筹备阶段，项目建设前尚需获得项目备案、用地用 序号 项目名称 项目类型 所属市 项目规模 （MW） 1 中闽能源诏安四都 80MW 渔光互补 ...

证券代码：600163 证券简称：中闽能源 公告编号：2024-047 中闽能源股份有限公司 第九届董事会第六次会议决议公告 本议案已经公司第九届董事会审计委员会第九次会议审议通过。 表决结果：同意 7 票，反对 0 票，弃权 0 票。 2、审议通过了《关于调整公司内部管理机构设置的议案》 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 中闽能源股份有限公司（以下简称"公司"）第九届董事会第六次会议通知 和材料于 2024 年 10 月 18 日以电子邮件的方式送达全体董事，会议于 2024 年 10 月 29 日在福州市五四路 210 号国际大厦 22 层第一会议室以现场和通讯相结 合的方式召开。本次会议由董事长郭政先生主持，会议应到董事 7 名，实到董 事 7 名，公司全体监事、部分高级管理人员列席了会议，会议的召集、召开符 合有关法律、行政法规、部门规章、规范性文件和《公司章程》的有关规定。 二、董事会会议审议情况 经全体与会董事认真审议，以记名投票表决方式，逐项表决审议通过了以下 议案： 1、审 ...

Financial Performance - The company's operating revenue for Q3 2024 was ¥277,291,269.39, representing a year-on-year increase of 1.19%[2] - The net profit attributable to shareholders for the same period was ¥67,033,883.20, reflecting a 14.95% increase compared to the previous year[2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥60,679,230.01, up by 16.05% year-on-year[2] - The basic earnings per share for Q3 2024 was ¥0.0352, an increase of 15.03% year-on-year[2] - The diluted earnings per share also stood at ¥0.0352, reflecting the same growth rate of 15.03%[2] - Net profit for the third quarter of 2024 was CNY 433,643,136.98, an increase of 4.9% compared to CNY 414,684,011.08 in the same quarter of 2023[14] - Earnings per share (EPS) for the third quarter of 2024 was CNY 0.2150, up from CNY 0.2022 in the same quarter of 2023[14] - Net profit for the first three quarters of 2024 reached CNY 842,824,580.01, significantly up from CNY 167,027,868.48 in the first three quarters of 2023, representing an increase of 404.5%[20] Assets and Liabilities - The total assets at the end of the reporting period were ¥11,403,041,480.49, showing a decrease of 1.05% from the end of the previous year[3] - As of September 30, 2024, total assets amounted to approximately RMB 11.40 billion, a decrease from RMB 11.52 billion at the end of 2023, reflecting a decline of about 1.05%[8] - Total liabilities decreased to CNY 4,679,982,204.10 from CNY 5,094,370,942.19, a reduction of approximately 8.1%[12] - The total current liabilities as of September 30, 2024, were RMB 926,498,940.41, an increase from RMB 879,468,779.65 at the end of 2023[18] - Long-term borrowings decreased to RMB 1,250,320,000.00 as of September 30, 2024, down from RMB 1,442,455,000.00 at the end of 2023[18] Equity - The equity attributable to shareholders increased to ¥6,574,140,577.24, marking a growth of 5.18% compared to the previous year[3] - Total equity increased to CNY 6,723,059,276.39 from CNY 6,429,678,141.38, reflecting a growth of about 4.6%[12] - The company's total equity as of September 30, 2024, was RMB 6,040,766,592.32, compared to RMB 5,292,793,602.00 at the end of 2023[18] - The company reported a total equity of CNY 6,040,766,592.32, an increase from CNY 5,292,793,602.98 year-over-year[19] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥526,861,206.17, down by 15.07% year-on-year[2] - In the first three quarters of 2024, the net cash flow from operating activities was RMB 526,861,206.17, a decrease of 15.1% compared to RMB 620,375,506.48 in the same period of 2023[16] - Cash flow from operating activities for the first three quarters of 2024 was CNY 104,873,775.55, a turnaround from a negative cash flow of CNY -489,080,264.13 in the same period of 2023[22] - The net cash flow from financing activities in the first three quarters of 2024 was -RMB 544,901,932.81, an improvement from -RMB 901,237,004.19 in the same period of 2023[16] Investment and Expenses - Total operating costs decreased to CNY 637,167,329.13 from CNY 656,117,613.47, representing a reduction of approximately 2.9%[13] - Research and development expenses for the first three quarters of 2024 were CNY 2,247,064.21, with no comparative figure provided for 2023[13] - Financial expenses decreased to CNY 72,019,111.43 from CNY 81,096,292.78, indicating a reduction of approximately 11.5%[13] - Investment income increased to CNY 8,367,227.45 from CNY 2,181,265.60, showing a significant growth[13] - The company's financial expenses for the first three quarters of 2024 were CNY 8,985,688.79, up from CNY 7,788,178.74 in the same period of 2023[20] Cash and Cash Equivalents - Cash and cash equivalents decreased to approximately RMB 193 million from RMB 244 million, a decline of about 21%[8] - The company's cash and cash equivalents at the end of September 2024 were RMB 244,497,349.78, compared to RMB 193,001,822.66 at the end of 2023[17] - The company's cash and cash equivalents at the end of Q3 2024 were CNY 188,439,293.87, compared to CNY 149,692,062.04 at the end of Q3 2023[23] Inventory and Receivables - Accounts receivable increased to approximately RMB 2.78 billion, up from RMB 2.45 billion, indicating a growth of about 13.7%[10] - The company reported a significant increase in inventory, rising to approximately RMB 37.54 million from RMB 31.97 million, which is an increase of about 17.5%[10] Shareholder Information - The company’s major shareholders include Fujian Investment Development Group, holding approximately 1.22 billion shares, representing a significant portion of the total shares[6] Strategic Outlook - The company has not reported any significant changes in its operational strategies or new product developments during the reporting period[8] - The company plans to continue expanding its market presence and investing in new technologies to enhance operational efficiency and profitability[24]

Investment Rating - The report assigns a "Buy" rating to Zhongmin Energy (600163 SH) with a first-time coverage [4] Core Views - Zhongmin Energy is one of the twin stars of provincial power companies under Fujian Investment Group, focusing on new energy power generation [4] - The company has experienced rapid growth in installed capacity and revenue, with cumulative increases of 119 31% and 224 65% respectively from 2018 to 2023 [4] - Despite excellent profitability, the company's valuation remains at the lower end of the industry due to concerns over growth trajectory and quality [4] - The report expects a more rationalized bidding scheme and improved electricity prices for offshore wind projects in 2024, potentially boosting returns [5] - The parent group has abundant high-quality resources, and asset injections could significantly enhance Zhongmin Energy's growth prospects [6] Company Overview - Zhongmin Energy was established in 1993 and went public in 2015 through a backdoor listing, becoming a key new energy power generation platform in Fujian Province [12] - The company's installed capacity has grown from 436 5 MW in 2018 to 957 3 MW by H1 2024, with offshore wind accounting for 30 92% of total capacity [13] - Offshore wind, despite its smaller share in installed capacity, contributed 63 40% of the company's net profit in 2023 [4] - The company's ROE reached 10 85% in 2023, outperforming the new energy power generation sector by 2 06 percentage points [4] Market Performance - Zhongmin Energy's stock price closed at 5 18 yuan on October 22, 2024, with a total market capitalization of 190 3 million shares [2] - The company's 12-month high and low prices were 5 56 yuan and 3 33 yuan, respectively [2] - Over the past 12 months, Zhongmin Energy's stock performance has outperformed the CSI 300 Index, with a 29% increase compared to the index's 13% [3] Growth Drivers - The report forecasts that Zhongmin Energy's net profit will reach 734 million yuan, 1 019 billion yuan, and 1 114 billion yuan in 2024, 2025, and 2026, respectively [7] - The company's EPS is expected to be 0 39 yuan, 0 54 yuan, and 0 59 yuan for the same period, with corresponding P/E ratios of 13 43x, 9 68x, and 8 85x [7] - The parent group's commitment to asset injections, including offshore wind and pumped storage projects, could significantly boost the company's future growth [6] Industry Analysis - Fujian Province boasts some of the best wind resources in China, with annual equivalent full-load hours ranging from 2,200 to 3,800 hours, significantly higher than the national average [24] - The province's wind power utilization rate has consistently remained at 100%, with no curtailment issues [25] - The report highlights that Zhongmin Energy's wind turbines in Fujian have achieved utilization hours of 2,744 hours for onshore wind and 3,905 hours for offshore wind in 2023, far exceeding the national average [25] Valuation and Risks - Despite its strong profitability, Zhongmin Energy's valuation remains low, with a P/E (TTM) of 14 20x as of October 22, 2024, compared to the sector average of 21 53x [26] - The report attributes the low valuation to concerns over the impact of low electricity prices from offshore wind bidding in 2022 and 2023, which have affected the company's growth trajectory [27] - The report also notes that the company's growth prospects could be constrained if offshore wind electricity prices remain low or if asset injections are delayed [27]

会 议 资 料 2024 年 11 月 1 日 中闽能源股份有限公司 ZHONGMIN ENERGY CO.,LTD. 2024 年第二次临时股东大会 中闽能源 2024 年第二次临时股东大会会议资料 目 录 | 中闽能源 | 2024 年第二次临时股东大会会议须知 2 | | --- | --- | | 中闽能源 | 2024 年第二次临时股东大会会议议程 4 | | 议案 | 1：关于增补公司第九届监事会监事的议案 6 | | 议案 | 2024 2：关于公司变更会计师事务所暨聘任 年度审计机构的议案 7 | | 议案 | 3：关于增补公司第九届董事会非独立董事的议案 8 | 1 中闽能源 2024 年第二次临时股东大会会议资料 中闽能源股份有限公司 2024 年第二次临时股东大会会议须知 为保障中闽能源股份有限公司（以下简称"公司"）全体股东的合法权益， 确保本次股东大会的正常秩序及顺利召开，根据《中华人民共和国公司法》、《中 华人民共和国证券法》、《上市公司股东大会规则》及《公司章程》、《公司股 东大会议事规则》等有关规定，特制定股东大会须知如下，望出席本次股东大会 的全体人员遵照执行。 一、本次股东 ...

中闽能源股份有限公司 2024 年 9 月与投资者在信息披露范围内互动交流情 况：9 月 13 日召开 2024 年半年度业绩说明会（线上）；参加券商策略会 5 次（国 信证券、华创证券、浙商证券、华泰证券、长江证券）；接待线下交流 1 次（国 金证券）；投资者来电 10 次及上证 e 互动线上问答 2 次，主要关注公司上半年 生产经营情况、控股股东的一致行动人减持计划、未来项目增量、新项目公司设 立、资本性支出情况等。 | 序号 | 沟通方式 | 次数 | | --- | --- | --- | | 1 | 业绩说明会、策略会、线下交流 | 7 | | 2 | 接听投资者咨询热线 | 10 | | 3 | 回复投资者问题（上证 e 互动） | 2 | 中闽能源 2024 年 9 月投资者沟通情况 ...

为保证公司监事会的正常运转，公司控股股东福建省投资开发集团有限责 任公司推荐黄建成先生为公司第九届监事会监事候选人，公司于 2024 年 10 月 15 日以现场和通讯相结合的方式召开第九届监事会第八次临时会议，审议通过 了《关于增补公司第九届监事会监事的议案》，同意增补黄建成先生为公司第九 届监事会监事候选人，任期自公司股东大会审议通过之日起至第九届监事会届满 之日止。该事项尚需提交公司股东大会审议。 三、监事候选人简历 一、监事辞职情况 中闽能源股份有限公司（以下简称"公司"）监事会于近日收到梁滨女士提 交的书面辞职报告，梁滨女士因工作变动原因申请辞去公司第九届监事会监事职 务，辞职后将不再担任公司任何职务。根据《中华人民共和国公司法》、《公司章 程》等有关规定，梁滨女士的辞职将导致公司监事会成员低于法定最低人数，其 辞职申请将在公司股东大会补选新任监事后方能生效，在此之前梁滨女士仍将继 续履行监事职责。 梁滨女士在任职期间，恪尽职守、勤勉尽责，公司及监事会对其为公司发展 所做出的贡献表示衷心感谢！ 二、监事补选情况 证券代码：600163 证券简称：中闽能源 公告编号：2024-045 中闽能源股份有限 ...

证券代码：600163 证券简称：中闽能源 公告编号：2024-041 中闽能源股份有限公司 第九届监事会第八次临时会议决议公告 本公司监事会及全体监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、监事会会议召开情况 中闽能源股份有限公司（以下简称"公司"）第九届监事会第八次临时会议 通知和材料于 2024 年 10 月 11 日以电子邮件的方式送达全体监事，会议于 2024 年 10 月 15 日在福州市五四路 210 号国际大厦 22 层第一会议室以现场和通讯相 结合的方式召开。本次会议由监事会主席游莉女士主持，会议应到监事 3 名， 实到监事 3 名，会议的召集、召开符合相关法律、行政法规、部门规章、规范 性文件和《公司章程》的有关规定。 二、监事会会议审议情况 经全体与会监事认真审议，以记名投票表决方式，审议通过了《关于增补公 司第九届监事会监事的议案》。 梁滨女士因工作变动原因申请辞去公司第九届监事会监事职务，其辞职申请 将在公司股东大会补选新任监事后方能生效。为保证公司监事会的正常运转，经 公司控股股东福建省投资开发集团有限责任公 ...