Company Overview - Guangxi Energy Co., Ltd. is located in Hezhou City, Guangxi Zhuang Autonomous Region, and was established on December 4, 1998. The company was listed on February 28, 2001. Its main business involves electricity production and sales, as well as oil products. The revenue composition is 98.66% from electricity, 2.44% from other sources, and 0.10% from design consulting [1]. Financial Performance - As of September 30, 2025, Guangxi Energy reported a revenue of 2.635 billion yuan, a year-on-year decrease of 9.69%. The net profit attributable to shareholders was 78.22 million yuan, down 82.60% year-on-year [2]. - The company has distributed a total of 1.29 billion yuan in dividends since its A-share listing, with 87.94 million yuan distributed over the past three years [3]. Stock Performance - On October 24, Guangxi Energy's stock price fell by 2.20%, trading at 4.00 yuan per share, with a total market capitalization of 5.863 billion yuan. The stock has decreased by 11.70% year-to-date, with a 2.30% increase over the last five trading days and a 0.25% increase over the last 20 days [1]. - The number of shareholders as of September 30, 2025, was 55,500, a decrease of 13.27% from the previous period. The average number of circulating shares per person increased by 15.30% to 26,391 shares [2]. Shareholding Structure - As of September 30, 2025, Hong Kong Central Clearing Limited was the seventh-largest circulating shareholder, holding 4.5594 million shares, an increase of 217,900 shares from the previous period [3].

Core Viewpoint - Guangxi Energy reported significant declines in both operating revenue and net profit for the third quarter of 2025, indicating challenges in its operational performance [1] Financial Performance - For the period from January to September, Guangxi Energy achieved operating revenue of 2.635 billion yuan, a year-on-year decrease of 9.69% [1] - The net profit for the same period was 78.22 million yuan, down 82.6% year-on-year, with a non-recurring net profit loss of 46.80 million yuan, a decline of 125.13% [1] - In the third quarter alone, the operating revenue was 999.83 million yuan, nearly unchanged from the previous year, while net profit and non-recurring net profit were 149.13 million yuan and 34.25 million yuan, respectively, reflecting year-on-year declines of 65.97% and 57.75% [1][2] Business Segments - The hydropower segment faced challenges due to reduced water flow in the Hejiang and Guijiang river basins, leading to decreased power generation and a non-recurring net profit of 199 million yuan, down 32.45 million yuan year-on-year [3] - The thermal power segment reported a non-recurring net profit loss of 234 million yuan, an increase in loss of 86.53 million yuan year-on-year, attributed to lower electricity prices and reduced generation [3] - The supply segment's non-recurring net profit was 175 million yuan, a decrease of 175 million yuan year-on-year, impacted by increased costs from purchasing electricity [3] Other Developments - The wind power segment saw an increase in generation due to the full capacity of offshore wind turbines, but revenue was affected by market imbalances, resulting in a non-recurring net profit of 15.78 million yuan, an increase of 3.78 million yuan year-on-year [4] - Guangxi Energy's non-recurring gains from financial assets decreased significantly, impacting net profit by 51.49 million yuan, down from 235 million yuan the previous year [4] - The company is in the process of transferring its stake in Guohai Securities and has sold a total of 66.74 million shares of Huanqiu New Materials for 339 million HKD in the secondary market [4]

Core Insights - Guangxi Energy (600310.SH) reported a revenue of 2.635 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 9.69% [1] - The net profit attributable to shareholders was 78.22 million yuan, down 82.6% year-on-year [1] - The company recorded a non-recurring net profit loss of 46.8 million yuan [1] - Basic earnings per share stood at 0.0534 yuan [1]

证券代码：600310 证券简称：广西能源 公告编号：临 2025-050 广西能源股份有限公司 关于新增 2025 年度日常关联交易预计额度的公告 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。 重要内容提示： ● 本次新增 2025 年度日常关联交易预计额度合计 2,050.00 万元。 ● 本次新增 2025 年度日常关联交易预计额度无需提交股东大会审议。 ● 本次新增 2025 年度日常关联交易预计额度是公司持续经营所必要的，对公司经 营无重大影响。 一、本次新增 2025 年度日常关联交易预计额度基本情况 （一）新增日常关联交易预计履行的审议程序 1、本次新增 2025 年度日常关联交易预计额度事项已提交本公司第九届董事会第二 十四次会议审议，公司董事梁晓斌、黄维俭、黄五四、谭雨龙、李勇猛为关联董事，对 本议案回避表决。 2、公司独立董事召开第九届董事会独立董事专门会议 2025 年第三次会议，经全体 独立董事一致同意，审议通过了《关于新增 2025 年度日常关联交易预计额度的议案》, 并发表意见：本次新增 2025 ...

广西能源股份有限公司 关于新增 2025 年度日常关联交易预计额度的公告 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。 重要内容提示： ● 本次新增 2025 年度日常关联交易预计额度合计 2,050.00 万元。 证券代码：600310 证券简称：广西能源 公告编号：临 2025-050 ● 本次新增 2025 年度日常关联交易预计额度无需提交股东大会审议。 ● 本次新增 2025 年度日常关联交易预计额度是公司持续经营所必要的，对公司经 营无重大影响。 一、本次新增 2025 年度日常关联交易预计额度基本情况 （一）新增日常关联交易预计履行的审议程序 1、本次新增 2025 年度日常关联交易预计额度事项已提交本公司第九届董事会第二 十四次会议审议，公司董事梁晓斌、黄维俭、黄五四、谭雨龙、李勇猛为关联董事，对 本议案回避表决。 2、公司独立董事召开第九届董事会独立董事专门会议 2025 年第三次会议，经全体 独立董事一致同意，审议通过了《关于新增 2025 年度日常关联交易预计额度的议案》, 并发表意见：本次新增 2025 ...

证券代码：600310 证券简称：广西能源 公告编号：临 2025-049 广西能源股份有限公司 广西能源股份有限公司(以下简称"公司")第九届监事会第十七次会议的通知于 2025 年 10 月 17 日以电子邮件方式发出，会议于 2025 年 10 月 23 日以通讯表决方式召 开，会议由监事会主席唐尚亮先生主持，应参加表决的监事 5 名，实际进行表决的监事 5 名，会议材料同时送达列席人员，本次会议的召集、召开和表决程序符合《公司法》 和《公司章程》的规定。会议审议并通过以下议案： 一、以 5 票赞成，0 票反对，0 票弃权，审议通过《广西能源股份有限公司 2025 年第三季度报告》，并发表书面审核意见： 1.公司 2025 年第三季度报告由董事会组织编制，并已提交公司董事会审议表决通 过，2025 年第三季度报告的编制和审议程序符合法律法规、《公司章程》和公司内部管 理制度的各项规定。 2.公司 2025 年第三季度报告的内容和格式符合中国证监会和证券交易所的各项规 定，所包含的信息能从各个方面真实地反映出公司报告期的经营管理和财务状况。 3.公司严格遵守股票上市规则以及信息披露管理制度中有关保密的规定 ...

证券代码：600310 证券简称：广西能源 公告编号：临 2025-048 广西能源股份有限公司 第九届董事会第二十四次会议决议公告 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。 广西能源股份有限公司（以下简称"公司"）第九届董事会第二十四次会议的通知 于 2025 年 10 月 17 日以电子邮件方式发出，会议于 2025 年 10 月 23 日以通讯表决方 式召开，会议由副董事长黄维俭先生主持，应参会董事 9 名，实际参会董事 8 名，董事 长梁晓斌先生因工作原因不能亲自出席会议，委托黄维俭先生代为出席并行使表决权， 会议材料同时送达公司监事和高管，本次会议的召集、召开和表决程序符合《公司法》 和《公司章程》的规定。会议审议并通过以下议案： 一、以 9 票赞成，0 票反对，0 票弃权，审议通过《广西能源股份有限公司 2025 年第三季度报告》： 公司 2025 年第三季度报告全文详见上海证券交易所网站 www.sse.com.cn 及 2025 年 10 月 24 日的《上海证券报》《证券日报》。 本议案已经公司董事会审 ...

Core Viewpoint - Guangxi Energy (600310.SH) reported a slight increase in revenue for Q3, but a significant decline in net profit compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 998 million yuan in Q3, representing a year-on-year growth of 0.04% [1] - The net profit attributable to shareholders was 149 million yuan, showing a year-on-year decrease of 65.97% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 34.25 million yuan, down 57.75% year-on-year [1] - Basic earnings per share were reported at 0.1017 yuan [1]

Financial Performance - The company's operating revenue for the third quarter was ¥998,255,611.06, a slight increase of 0.04% compared to the same period last year[5]. - Total profit for the quarter decreased by 60.94% year-on-year to ¥222,309,603.93, while net profit attributable to shareholders fell by 65.97% to ¥149,127,658.57[5]. - The net profit after deducting non-recurring gains and losses was ¥34,245,146.37, a decrease of 57.75% compared to the previous year[5]. - The company reported a net profit attributable to shareholders of -82.60 million, a decrease of 65.97% year-on-year[11]. - The total profit for the reporting period was -61.86 million, reflecting a significant decline due to decreased electricity prices and reduced hydropower generation[11]. - The company achieved a net profit of 18,950.94 million in the third quarter of 2025, a decrease of 60.76% year-on-year[15]. - The company’s diluted earnings per share for the reporting period was -65.98, a decline of 65.98% compared to the previous year[12]. - Net profit for the first three quarters of 2025 was ¥148,257,039.75, compared to ¥389,249,756.13 in the first three quarters of 2024, indicating a significant decrease of 61.9%[42]. - The company reported a total profit of ¥146,266,259.31 for the first three quarters of 2025, down from ¥430,773,110.15 in the same period of 2024, reflecting a decrease of 66.0%[42]. Cash Flow - Cash flow from operating activities for the year-to-date reached ¥1,231,936,771.34, reflecting a 34.44% increase[6]. - The company achieved a cash flow from operating activities of 34.44 million, an increase attributed to higher cash inflows from electricity sales[11]. - The net cash flow from operating activities was CNY 1,231,936,771.34, an increase of 34.4% compared to CNY 916,360,233.46 in the previous period[33]. - The net cash flow from operating activities for the first three quarters of 2025 was ¥707,209,071.68, an increase from ¥279,034,285.70 in the same period of 2024[45]. - The company received cash inflows from operating activities totaling ¥4,526,817,856.63 in the first three quarters of 2025, compared to ¥3,190,190,920.72 in the same period of 2024, marking an increase of 41.9%[45]. Assets and Liabilities - Total assets at the end of the reporting period were ¥23,217,149,459.71, a decrease of 0.31% from the previous year[6]. - As of September 30, 2025, the total assets amounted to CNY 23,217.15 million, while total liabilities were CNY 18,007.75 million[23]. - Total liabilities rose to CNY 11,077,980,395.06, compared to CNY 10,575,583,900.12, indicating an increase of 4.7%[38]. - The company's total assets amounted to CNY 13,998,711,053.08, up from CNY 13,389,290,709.60, representing a growth of 4.6%[38]. Shareholder Information - Shareholders' equity attributable to the company increased by 1.57% to ¥3,041,810,078.36[6]. - The company’s major shareholders include Guangxi Guangtou Zhengrun Development Group Co., Ltd., holding 32.47% of shares, and Guangxi Energy Group Co., Ltd., holding 18.52%[13]. Segment Performance - The decline in total profit was primarily due to reduced profits in the thermal power segment, influenced by lower electricity prices and decreased generation volume[10]. - The hydropower segment reported a net profit of CNY 199.56 million, a decrease of CNY 32.45 million year-on-year due to reduced water inflow and market trading impacts[16]. - The thermal power segment incurred a net loss of CNY 233.84 million, worsening by CNY 86.53 million year-on-year due to declining electricity prices[16]. - The electricity sales segment recorded a net profit of CNY 174.84 million, down CNY 175.27 million year-on-year, impacted by increased purchase costs[17]. - The wind power segment achieved a net profit of CNY 15.78 million, an increase of CNY 3.78 million year-on-year, despite revenue reductions[17]. Investment and Financing Activities - The company plans to exchange its 3.23% stake in Guohai Securities for a 30% stake in Guoneng Beihai, with the process currently underway[18]. - The company sold a total of 66.74 million shares of Global New Materials for a total of HKD 339 million from January 1 to September 30, 2025[19]. - The total cash inflow from financing activities in the first three quarters of 2025 was ¥3,995,689,585.00, compared to ¥3,649,500,000.00 in the same period of 2024, indicating an increase of 9.5%[45]. Research and Development - The company reported an increase in R&D expenses to CNY 20,019,406.75 in 2025, up from CNY 9,256,576.16 in 2024, reflecting a commitment to innovation[27].

广西能源公告，第三季度营收为9.98亿元，同比增长0.04%；净利润为1.49亿元，同比下降65.97%。前 三季度营收为26.35亿元，同比下降9.69%；净利润为7821.98万元，同比下降82.60%。 ...