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%。 ...

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： ●被担保人名称：广西广投桂旭能源发展投资有限公司（以下简称"桂旭能源公司"） 为广西能源股份有限公司（以下简称"公司"）的全资子公司。被担保人不属于公司关联 人。 证券代码：600310 证券简称：广西能源 公告编号：临 2025-047 广西能源股份有限公司 关于为全资子公司桂旭能源公司提供担保的进展公告 ●本次担保金额及已实际为其提供的担保余额：本次公司为全资子公司桂旭能源公司 提供的担保金额为 1,580 万元；截至本公告披露日，公司已实际为桂旭能源公司提供的担 保余额为 21.78 亿元（含本次担保）。 ●本次担保是否有反担保：无。 ●对外担保逾期的累计数量：截至本公告披露日，公司为参股公司广西建筑产业化股 份有限公司提供担保本金余额 2,048 万元，累计应承担担保逾期金额为 18.96 万元。 ●特别风险提示：本次被担保对象为公司全资子公司桂旭能源公司，其资产负债率超 过 70%，且公司对其提供的担保金额已超过公司最近一期经审计净资产的 50%，敬请投 ...

Group 1: Financing Status of Power Sale Companies - As of August 2025, approximately 91 power sale companies in China are in the financing stage [1] - The financing rounds for these companies are primarily concentrated in A rounds and earlier stages, indicating a prevalence of startups in the industry [5] - The regional distribution of financing shows Guangdong Province at 19%, Jiangsu at 15%, and Shandong at 10%, with other provinces below 10% [7] Group 2: Investment Status of Power Sale Companies - The majority of external investments by power sale companies are concentrated in Hebei and Hunan provinces, with 30 and 24 companies respectively [13] - The industry layout for investments shows that 78% of investments are in the electricity, heat, gas, and water production and supply sector, while 7% are in scientific research and technical services [17] Group 3: Mergers and Acquisitions - The current trend in mergers and acquisitions among power sale companies is primarily horizontal mergers [18] - Notable transactions include the acquisition of shares in various energy projects, such as the investment in the Dadu River hydropower development project by Guodian Power Development Co., with a transaction amount of 91,961 million yuan [20] - Other significant transactions include investments in nuclear power and renewable energy projects, which align with the companies' strategies for low-carbon transformation and compliance with national energy policies [20][24]

Core Viewpoint - The report highlights the successful completion of China's first ship-based green methanol refueling operation at Ningbo Zhoushan Port, marking a significant milestone in the development of green fuel capabilities in the region [3]. Market Review - In September, the CSI 300 Index rose by 3.20%, while the public utility index increased by 0.41% and the environmental index by 0.77%. The relative monthly returns for these indices were -2.80% and -2.43% respectively [2]. - Among the 31 primary industry sectors, public utilities and environmental sectors ranked 13th and 11th in terms of growth. The environmental sector saw a 0.77% increase, while the electricity sector's thermal power rose by 2.34%, and hydropower fell by 3.08% [2]. Important Events - The successful refueling of the "COSCO Shipping Libra" with 230 tons of green methanol at Ningbo Zhoushan Port signifies the port's capability to handle LNG, biofuels, and methanol, enhancing its status as an international hub [3]. - This operation involved collaboration between China Ship Fuel, Zhejiang Port Group, and Ningbo Zhoushan Port Group, utilizing seven specialized methanol transport tankers and explosion-proof refueling equipment [3]. Investment Strategy - Public Utilities: Recommendations include Huadian International for thermal power, Longyuan Power and Three Gorges Energy for renewable energy, and China Nuclear Power for stable nuclear power operations [4][5]. - Environmental Sector: Focus on companies like China Everbright Environment and Zhongshan Public Utilities, as well as opportunities in the domestic waste oil recycling industry due to upcoming EU SAF policies [5].

Group 1 - The core viewpoint of the article highlights the evolution of China's electricity market, emphasizing the shift from a monopolistic structure to a more competitive environment following the 2002 reform [2] - The article outlines the significant increase in national electricity demand, with total electricity consumption reaching 83,128 billion kilowatt-hours in 2021, a year-on-year growth of 10.3% [4] - The article discusses the regional distribution of electricity sales companies, noting a concentration in the eastern coastal and southern provinces, where economic activity and electricity demand are high [6] Group 2 - The competitive landscape of China's electricity sales market is analyzed, identifying leaders such as State Grid, Southern Power Grid, Guodian Power, and Huaneng International, all with revenues exceeding 100 billion yuan and growth rates above 10% [8] - The article provides insights into the performance of challengers like Guangdong Power, Guangzhou Development, and Inner Mongolia Huadian, which have revenues over 10 billion yuan and growth rates exceeding 20% [8] - The article includes a heat map of the electricity sales company industry chain, indicating the geographical distribution of these companies across China [7]

投资者可于 2025 年 9 月 30 日 （星期二）至 10 月 14 日（星期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 （600310@sina.com）进行提问。公司将在说明会上对投资者普遍关注的问题进 行回答。 广西能源股份有限公司（以下简称"公司"）已于 2025 年 8 月 26 日发布公 司 2025 年半年度报告，为便于广大投资者更全面深入地了解公司 2025 年半年度 的经营成果、财务状况，公司计划于 2025 年 10 月 15 日（星期三）16:00-17:00 举行 2025 年半年度业绩说明会，就投资者关心的问题进行交流。 证券代码：600310 证券简称：广西能源 公告编号：临 2025-046 广西能源股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 四、 投资者参加方式 （一）投资者可在 2025 年 10 月 15 日（星期三）16:00-17:00，通过互联网 登录上证路演中心（h ...

公司分别于 2019 年 3 月 18 日、2019 年 4 月 12 日召开第七届董事会第十三次会议、 2018 年年度股东大会审议通过《关于为建筑产业化公司提供担保的议案》，公司参股公司 建筑产业化公司拟向有关金融机构借款不超过人民币 1.5 亿元，公司按持股比例 20%为建 筑产业化公司向有关金融机构借款提供不超过人民币 3,000 万元的连带责任担保。担保期 限为借款合同每笔债务履行期届满之日起不超过两年（详见 2019 年 3 月 20 日、2019 年 4 1 证券代码：600310 证券简称：广西能源 公告编号：临 2025-045 广西能源股份有限公司 关于对参股公司担保逾期的进展公告 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： 一、对外担保基本情况 被担保人名称：广西建筑产业化股份有限公司（以下简称"建筑产业化公司"），为公 司参股公司（持股比例 20%）。 参股公司借款逾期情况：参股公司建筑产业化公司在国家开发银行广西壮族自治区分 行（以下简称"开发银行广西分行"）借款利息 94.80 ...

北京大成(广州)律师事务所 关于广西能源股份有限公司 2025 年第一次临时股东大会的 法律意见书 大成 DENTONS 大成 is Dentons' Preferred Law Firm in China. guangzhou.dachenglaw.com 广州市天河区珠江新城珠江东路 6 号广州周大福金融中心 14 层、15 层（510623 ） 14/F,15/F CTF Finance Centre No 6 Zhujiang East Road Tianhe District 510623, Guangzhou, China Tel:+8620-85277000 Fax:+8620-85277002 北京大成(广州)律师事务所 关于广西能源股份有限公司 2025 年第一次临时股东大会的法律意见书 致:广西能源股份有限公司 根据《中华人民共和国证券法》(以下简称"《证券法》")、《中华人民共 和国公司法》（以下简称"《公司法》"）和中国证券监督管理委员会《上市公司 股东会规则》(以下简称"《股东会规则》")等法律、法规和其他有关规范性文 件的要求,北京大成(广州)律师事务所(以下简称"本所")接受广西 ...

2025年第一次临时股东大会决议公告 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。 证券代码：600310 证券简称：广西能源 公告编号：2025-044 广西能源股份有限公司 1 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 25 日 (二)股东大会召开的地点：广西南宁市良庆区飞云路 6 号 GIG 国际金融中心 18 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 634 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 799,014,750 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总 | | | 数的比例（%） | 54.5138 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由公司董事会召集，副董事长黄维俭先生主持，采用现场投票 与网络投票相结合的方式，本次会议的召集、召开 ...