二、监事会会议审议情况 证券代码：600310 证券简称：广西能源 公告编号：临 2025-054 广西能源股份有限公司 第九届监事会第十八次会议决议公告 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 广西能源股份有限公司(以下简称"公司")第九届监事会第十八次会议的通知于 2025 年 11 月 5 日以电子邮件方式发出，会议于 2025 年 11 月 7 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。 本议案需提交股东大会审议。 特此公告。 （一）审议通过了《关于取消公司监事会的议案》： 根据《中华人民共和国公司法》(于 2024 年 7 月 1 日起施行，以下简称《公司法》) 及中国证监会发布的《关于新<公司法>配套制度规则实施相关过渡期安排》等相关法律 法规、规范性文件的规定，为符合对上市公司的规范要求，进一步完善公司治理结构， 促进公司 ...

第九届董事会第二十五次会议决议公告 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。 重要内容提示： 董事长梁晓斌先生因工作原因不能亲自出席会议，委托副董事长黄维俭先生代为出 席并行使表决权。 证券代码：600310 证券简称：广西能源 公告编号：临 2025-053 广西能源股份有限公司 为全面贯彻落实最新法律法规要求，确保公司治理与监管规定保持同步，进一步规 范公司运作机制，提升公司治理水平，公司根据《公司法》《上市公司章程指引（2025 年修订）》《上海证券交易所上市公司自律监管指引第 1 号—规范运作》等法律法规、规 范性文件，结合公司实际情况，公司拟对《公司章程》进行全面修订。《公司章程》修 订后，公司将不再设置监事会，监事会的职权由董事会审计委员会行使，公司《监事会 议事规则》同步废止。 具体内容详见公司同日公告《广西能源股份有限公司关于修订<公司章程>的公告》。 表决结果：9 票同意、0 票弃权、0 票反对。 一、董事会会议召开情况 广西能源股份有限公司（以下简称"公司"）第九届董事会第二十五次会议的通知 于 20 ...

Core Viewpoint - Guangxi Energy's stock has shown a slight increase recently, but the company has experienced a significant decline in revenue and profit year-to-date, indicating potential challenges ahead [1][2]. Financial Performance - As of September 30, Guangxi Energy reported a revenue of 2.635 billion yuan, a year-on-year decrease of 9.69% [2]. - The net profit attributable to shareholders for the same period was 78.22 million yuan, reflecting a substantial year-on-year decline of 82.60% [2]. Stock Market Activity - On November 5, Guangxi Energy's stock price rose by 2.02%, reaching 4.05 yuan per share, with a trading volume of 76.91 million yuan and a turnover rate of 1.31% [1]. - The stock has decreased by 10.60% year-to-date, but has seen a slight recovery with a 1.50% increase over the last five trading days and a 4.65% increase over the last twenty days [1]. Shareholder Information - The number of shareholders as of September 30 was 55,500, a decrease of 13.27% from the previous period [2]. - The average number of circulating shares per shareholder increased by 15.30% to 26,391 shares [2]. Dividend Distribution - Guangxi Energy 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]. Institutional Holdings - 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].

Investment Rating - The report assigns a "Buy" rating for several key companies in the public utility sector, including China Resources Power, Guodian Power, and Inner Mongolia Huadian [28]. Core Insights - The public utility sector is crucial for achieving national "dual carbon" goals, with a strong emphasis on environmental and social issues in the ESG evaluation framework [5][4]. - The ESG evaluation system for public utilities includes four categories of positive indicators and one category of negative indicators, focusing on objective assessment metrics [8][23]. - Recent policies from various government departments emphasize the need for green transformation, pollution prevention, and social welfare in the public utility sector [5][4]. Summary by Sections 1. ESG Policy in Public Utilities - The public utility sector is a major contributor to energy consumption and carbon emissions, making its green transformation essential for national goals [5]. - Key policies include the "14th Five-Year" energy conservation and emission reduction plan, which outlines specific requirements for green transformation and public service stability [5][4]. 2. ESG Evaluation System Construction - The ESG evaluation system consists of four positive categories: General Indicators, Environmental Indicators, Social Indicators, and Governance Indicators, with a total of 18 primary indicators and 35 secondary indicators [8][23]. - The negative category focuses on violations and penalties, with specific metrics for environmental, social, and governance aspects [23]. 3. General Indicators - General indicators assess the authenticity and standardization of ESG reports, including the basis for report preparation, third-party verification, and the publication of ESG-specific reports [10][9]. 4. Environmental Indicators - Environmental indicators are based on energy conservation, low carbon, and circular economy principles, with a total of four primary indicators focusing on emissions management, ecological compliance, resource utilization, and climate strategy [11][12]. 5. Social Indicators - Social indicators highlight the public utility sector's role in community development and social stability, with six primary indicators covering community contributions, employee development, innovation, supply chain responsibility, product safety, and core operational responsibilities [15][16][17]. 6. Governance Indicators - Governance indicators aim to enhance corporate governance and decision-making, with five primary indicators focusing on party leadership, industry reform, compliance risk management, governance structure, and information transparency [19][20][21]. 7. Negative Indicators - The negative indicators focus on compliance issues, with penalties for violations in environmental, social, and governance areas, deducting points for each violation [23][25].

一、对外担保基本情况 证券代码：600310 证券简称：广西能源 公告编号：临 2025-052 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： | 被担保人 | 银行名称 | 贷款 | 到期日 | 借款逾期金 | 担保逾期 金额（万 | 是否有 | | --- | --- | --- | --- | --- | --- | --- | | | | 性质 | | 额（万元） | 元） | 反担保 | | 广西建筑产业化 | 国家开发银行广西 | 贷款 | 2025.09.20 | 94.80 | 18.96 | 否 | | 股份有限公司 | 壮族自治区分行 | 利息 | | | | | | 广西建筑产业化 | 国家开发银行广西 | 贷款 | 2025.10.20 | 120 | 24.00 | 否 | | 股份有限公司 | 壮族自治区分行 | 本金 | | | | | | 合计 | / | / | / | 214.80 | 42.96 | / | 公司为建 ...

证券代码：600310 证券简称：广西能源 公告编号：临 2025-051 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。 ●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 3,420 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 22.13 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 42.96 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 ...

Investment Rating - The report maintains a positive outlook on the public utility sector's central enterprises with a focus on the ESG evaluation system [1]. Core Insights - The establishment of the ESG evaluation system for public utilities is based on a balanced emphasis on environmental and social issues, crucial for achieving national carbon neutrality goals [3][9]. - The evaluation system consists of four categories of positive indicators and one category of negative indicators, with a total of 18 primary indicators and 35 secondary indicators [12][28]. - Key policies guiding the sector include promoting renewable energy, enhancing energy efficiency, and ensuring equitable public services [9][11]. Summary by Sections 1. ESG Policy: Balancing Environmental and Social Issues - The public utility sector is a major contributor to energy consumption and carbon emissions, making its green transition vital for national carbon goals [3][9]. - Recent policies emphasize the development of clean energy and pollution control, with specific directives from various government bodies [9][11]. 2. Constructing the ESG Evaluation System: Multi-Dimensional Assessment - The ESG evaluation system is structured with four positive categories: General Indicators, Environmental Indicators, Social Indicators, and Governance Indicators, along with one negative category for violations [12][28]. - Each category has specific indicators designed to objectively assess the performance of enterprises in the public utility sector [12][28]. 3. General Indicators - General indicators assess the authenticity and standardization of ESG reports, including the basis for report preparation, third-party verification, and the publication of ESG-specific reports [12][14]. 4. Environmental Indicators - Environmental indicators focus on energy efficiency and circular economy principles, with metrics for emissions management, ecological compliance, resource utilization, and climate strategy [15][17]. 5. Social Indicators - Social indicators highlight the sector's role in public service, with metrics for community contributions, employee development, innovation, supply chain responsibility, and customer rights [19][21]. 6. Governance Indicators - Governance indicators aim to enhance corporate governance standards, focusing on party leadership, industry reform, compliance risk management, governance structure, and information transparency [23][26]. 7. Negative Indicators - The negative category includes penalties for violations, with specific metrics for environmental, social, and governance infractions, where each violation results in a deduction of points [28][31]. 8. Valuation of Key Companies - The report includes a valuation table for key companies in the public utility sector, indicating ratings and projected earnings per share (EPS) for the years 2025 to 2027 [34].

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]