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%。 ...

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]