Group 1 - The core viewpoint of the news is that Guangxi Energy Group has decided to terminate its credit ratings with China Chengxin International Credit Rating Co., Ltd. [1][2] - Guangxi Energy Group's credit rating was previously assessed as AA+ with a stable outlook, and its debt ratings included AAA for "20 Guangtou Energy MTN002" and AA+ for "23 Guangneng K2" and "24 Guangneng G1" [1] - The termination of the ratings means that the previous ratings will become invalid immediately and will not be updated in the future [2] Group 2 - The decision to terminate the ratings was communicated to China Chengxin International on June 9, 2025, and was based on the company's choice not to provide necessary materials for the ratings [2] - The ratings were initially valid until July 16, 2025, but will now cease to exist following the announcement [1][2]

证券代码：600310 证券简称：广西能源 公告编号：临 2025-025 广西能源股份有限公司关于世纪之光诉讼案件 进展情况暨二审判决结果的公告 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： ●案件所处的诉讼阶段：二审（终审）判决。 ●上市公司所处的当事人地位：二审上诉人（一审被告）。 ●涉案金额：认缴出资本金 8,000 万元及利息、本案诉讼相关费用。 ●是否会对上市公司损益产生负面影响：本判决为终审判决，公司 2024 年 已对诉讼涉及的出资本金 8,000 万元及相关利息计提预计负债 10,193.17 万元。 根据二审判决结果以及公司会计政策测算，如该判决执行，公司仍需继续计提 109.75 万元（资金占用费计算截至 2025 年 6 月 9 日），将对公司 2025 年损 益产生影响，影响金额预计为 100 余万元。公司将积极研判二审判决，并依法申 请再审，维护公司合法权益。敬请投资者注意投资风险。 （一）原告重庆世纪之光科技实业有限公司于 2018 年 2 月 23 日对原广西桂 东电力股份有限 ...

证券代码：600310 证券简称：广西能源 公告编号：临 2025-025 广西能源股份有限公司关于世纪之光诉讼案件 进展情况暨二审判决结果的公告 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： ●案件所处的诉讼阶段：二审（终审）判决。 ●上市公司所处的当事人地位：二审上诉人（一审被告）。 ●涉案金额：认缴出资本金 8,000 万元及利息、本案诉讼相关费用。 ●是否会对上市公司损益产生负面影响：本判决为终审判决，公司 2024 年 已对诉讼涉及的出资本金 8,000 万元及相关利息计提预计负债 10,193.17 万元。 根据二审判决结果以及公司会计政策测算，如该判决执行，公司仍需继续计提 109.75 万元（资金占用费计算截至 2025 年 6 月 9 日），将对公司 2025 年损 益产生影响，影响金额预计为 100 余万元。公司将积极研判二审判决，并依法申 请再审，维护公司合法权益。敬请投资者注意投资风险。 近日，广西能源股份有限公司（以下简称"公司""广西能源公司""上诉 人"）收到重庆市第一中级人民法 ...

Summary of Key Points Core Viewpoint - Guangxi Energy (600310) has shown a slight increase in stock price, reflecting a stable performance in the energy sector, with significant announcements regarding dividend distribution and bond repayment [1]. Company Announcements - Guangxi Energy announced a cash dividend of 0.03 yuan per share (tax included), with the record date set for June 11, 2025, and the payment date on June 12, 2025. The total cash dividend distribution amounts to approximately 43.97 million yuan (tax included) based on a total share capital of 1,465,710,722 shares [1][3]. - The company successfully completed the repayment of its first phase of short-term financing bonds for 2024, with a total issuance of 300 million yuan and an interest rate of 2.49%. The total payment of principal and interest amounted to approximately 303.68 million yuan [1][3]. Stock Performance - As of June 6, 2025, Guangxi Energy's stock closed at 4.22 yuan, a 0.24% increase from the previous week. The stock reached a high of 4.28 yuan and a low of 4.17 yuan during the week [1]. - The company's current market capitalization stands at approximately 6.185 billion yuan, ranking 70th out of 102 in the power sector and 2446th out of 5148 in the A-share market [1].

证券代码：600310 证券简称：广西能源 公告编号：2025-023 广西能源股份有限公司 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： ? 每股分配比例 A 股每股现金红利0.03元（含税） ? 相关日期 | 股份类别 | 股权登记日 | | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/11 | － | 2025/6/12 | 2025/6/12 | | 本次利润分配方案经公司2025 年 4 月 18 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 本次利润分配以方案实施前的公司总股本1,465,710,722股为基数，每股派发现金红利 ，共计派发现金红利43,971,321.66元（含税） 三、 相关日期 | 股份类别 | 股权登记日 | | ...

证券代码：600310 证券简称：广西能源 公告编号：临 2025-024 广西能源股份有限公司 关于 2024 年度第一期超短期融资券到期兑付完成的公告 广西能源股份有限公司(以下简称"公司")于 2024 年 12 月 6 日成功发行 2024 年度第 一期超短期融资券，发行总额为人民币 3 亿元，发行利率 2.49%，兑付日为 2025 年 6 月 4 日。相关内容详见《广西能源股份有限公司 2024 年度第一期超短期融资券发行结果公告》 (公告编号:临 2024-087)。 2025 年 6 月 4 日，公司已完成该期超短期融资券的全部兑付工作，共计支付本息合计 人民币 303,683,835.62 元。 本 次 超 短 期 融 资 券 到 期 兑 付 的 相 关 文 件 已 在 中 国 货 币 网 (http://www.chinamoney.com.cn)以及上海清算所网站(http://www.shclearing.com.cn) 上刊登。 特此公告。 广西能源股份有限公司董事会 2025 年 6 月 4 日 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 ...

证券代码：600310 证券简称：广西能源 公告编号：2025-023 广西能源股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.03元（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/11 | － | 2025/6/12 | 2025/6/12 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 4 月 18 日的2024年年度股东大会审议通过。 二、 分配方案 四、 分配实施办法 1. 实施办法 （1）除了公司自行发放的无限售条件流通股股东外，其余无限售条件流通股的红利委托 中国结算上海分公司通过其资金清算系统向股权登记日上海证券交易所收市后登记在册并在 上海证券交易所各会员办理了指定交易的股东派发。已办理指定交易的投资者可于红利发放 ...

Investment Rating - The report maintains an "Outperform" rating for the public utilities and environmental sectors [4][18]. Core Views - The report highlights the introduction of detailed rules in Guangdong and Shandong provinces regarding the sustainable development pricing settlement mechanism for new energy projects, marking a significant step towards market-driven reforms in the new energy sector [2][15]. - It emphasizes that coal and electricity prices are declining simultaneously, which is expected to maintain reasonable profitability for thermal power companies [18]. - The report suggests that the continuous support from national policies for new energy development will lead to gradually stable profitability for new energy generation [18]. - It notes that the growth in installed capacity and generation will help offset the downward pressure on electricity prices, predicting stable profitability for nuclear power companies [18]. Summary by Sections Market Review - The Shanghai Composite Index rose by 1.12%, while the public utilities index increased by 0.08%. The environmental index remained unchanged, with relative weekly returns of -1.04% and -1.12% respectively [1][21]. - Among the sub-sectors, thermal power decreased by 0.89%, hydropower increased by 0.87%, and new energy generation rose by 0.08% [1][21]. Important Policies and Events - Guangdong's electricity trading center issued draft rules for the sustainable development pricing settlement mechanism for new energy projects, with the first competitive trading scheduled for mid-2025 [2][14]. - The rules stipulate that projects must be approved and operational by December 31, 2025, to participate in the first auction [2][14]. Investment Strategy - Recommendations include major thermal power companies like Huadian International and Shanghai Electric, as well as leading new energy firms such as Longyuan Power and Three Gorges Energy [18]. - The report also suggests investing in nuclear power operators like China Nuclear Power and China General Nuclear Power, and highlights the defensive attributes of hydropower stocks amid a global interest rate decline [18][19]. Key Company Earnings Forecasts and Investment Ratings - The report provides a detailed table of investment ratings for various companies, all rated as "Outperform," including Huadian International, Longyuan Power, and China Nuclear Power, with projected earnings per share (EPS) growth for 2024 and 2025 [7][18].

Core Viewpoint - Guangxi Energy is demonstrating strong momentum in the clean energy sector, with significant advancements in offshore wind power and breakthroughs in onshore wind and solar projects, indicating an accelerated construction of a diversified clean energy system that injects new vitality for high-quality development [1] Group 1: Offshore Wind Power Development - Guangxi Energy's first offshore wind project, Fangchenggang Offshore Wind Power A site, has achieved full capacity grid connection, enhancing the company's strength in renewable energy development and contributing significantly to the local energy structure's green transition [2] - In Q1 2025, the offshore wind project has positively impacted the company's performance, with the wind power segment achieving a net profit attributable to shareholders of 19.28 million yuan, a year-on-year increase of 17.98 million yuan [2] - By the end of 2024, Guangxi Energy's total installed power capacity reached 2.2876 million kilowatts, an increase of 709,000 kilowatts year-on-year, with the proportion of new energy installed capacity rising from 1.27% at the end of the previous year to 31.87% [2] Group 2: Onshore Wind and Solar Projects - Guangxi Energy is actively developing onshore wind and solar projects, having secured construction indicators for several onshore wind projects with a total installed capacity of 550,000 kilowatts, laying a solid foundation for future clean power supply [3] - The company is also expanding its onshore solar projects, with distributed solar projects in Jingnan, Tianhe, and Zhengrun New Materials already connected to the grid, while the Zhenglong solar project (85,000 kilowatts) and Laibin centralized solar project (totaling 210,000 kilowatts) are progressing as planned [3] - Through the leadership in offshore wind and breakthroughs in onshore wind and solar projects, Guangxi Energy is actively implementing a "multi-energy drive" strategy, constructing a diversified clean energy structure that enhances the stability and sustainability of energy supply [3]

Core Viewpoint - Guangxi Energy Co., Ltd. has strengthened its operational management and achieved significant improvements in key performance indicators through a dual approach of "stock optimization + incremental cultivation," leading to a new pattern of high-quality development [1][3] Group 1: Company Strategy and Management - The company focuses on efficiency and prioritizes its responsibility for power supply, accelerating its development strategy of "focusing on the main power business with multi-energy complementary" [1] - Guangxi Energy has implemented lean management, promoted digital transformation, and optimized its industrial layout to enhance operational quality [1] - Future plans include improving management effectiveness, accelerating major project construction, and revitalizing loss-making enterprises to support the strategic goal of building a million-kilowatt clean energy base in eastern Guangxi [1] Group 2: Performance and Growth - As of now, the proportion of new energy installed capacity has increased from 1.27% at the end of 2023 to 31.87%, marking a significant step in energy structure transformation [3] - The company has successfully connected its first offshore wind power project and several distributed photovoltaic projects to the grid, with onshore wind power and pumped storage projects progressing as scheduled [3] - The meeting included a live video format with interactive sessions, addressing investor concerns regarding project construction, market and electricity price policy adjustments, and shareholder returns [3]