●可转债到期日和兑付登记日：2024 年 12 月 6 日 | 证券代码：600483 | 证券简称：福能股份 公告编号：2024-064 | | --- | --- | | 转债代码：110048 | 转债简称：福能转债 | 福建福能股份有限公司 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个别及连带责任。 关于"福能转债"到期兑付暨摘牌的第二次提示性公告 重要内容提示： 福建福能股份有限公司(以下简称公司)经中国证券监督管理委员会《关于核准福建 福能股份有限公司公开发行可转换公司债券的批复》（证监许可〔2018〕1732 号）文批 准，于2018年12月7日通过上海证券交易所向社会公开发行2,830万张可转换公司债 券，每张面值 100 元，发行总额 28.3 亿元人民币，期限为 6 年。经上海证券交易所"自 律监管决定书〔2018〕161 号"文同意，上述 28.3 亿元可转换公司债券于 2018 年 12 月28日起在上海证券交易所挂牌交易，证券简称为"福能转债"，证券代码为"110048"。 根据《上市公司证券发行管理办法》 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [5][14]. Core Views - The company's revenue slightly increased, while the net profit attributable to shareholders grew year-on-year. In the first three quarters of 2024, the company achieved a revenue of 10.485 billion yuan (+1.22%) and a net profit of 1.773 billion yuan (+8.38%) [1][7]. - The company has sufficient project resources on hand, with new approvals for combined heat and power projects expected to enhance its thermal power capacity further [2][13]. - The company is gradually advancing its offshore wind power projects, with expectations for new project resources to be secured [2][13]. Summary by Sections Financial Performance - In Q3 2024, the company reported a revenue of 3.820 billion yuan (-4.13%) and a net profit of 585 million yuan (-16.60%). The decline in revenue was primarily due to a decrease in power generation [1][7]. - The total power generation for the first three quarters was 17.623 billion kWh (+0.37%), with grid-connected power generation at 16.758 billion kWh (+0.47%) [1][7]. Project Developments - The Fujian Development and Reform Commission approved the second phase of the combined heat and power project in August 2024, which will add 2×650MW supercritical coal-fired units [2][13]. - The company has a total of 2.62 million kW of combined heat and power projects under construction and planned, expected to be operational between 2026 and 2027 [2][13]. Profitability and Valuation - The company's gross margin improved to 21.99%, an increase of 3.25 percentage points, mainly due to a decrease in coal prices [11]. - The estimated net profit for 2024-2026 is projected to be 2.83 billion yuan, 3.03 billion yuan, and 3.28 billion yuan, respectively, with corresponding EPS of 1.06, 1.14, and 1.23 yuan [14][16]. - The current stock price corresponds to a PE ratio of 9.0, 8.4, and 7.8 for the years 2024, 2025, and 2026, respectively [14][16]. Market Position - The company's reasonable market value is estimated to be between 25.5 billion and 28.3 billion yuan, with a corresponding stock price range of 9.57 to 10.64 yuan per share, indicating a potential premium of 0% to 11% over the current stock price [14][16].

Investment Rating - The report maintains a "Recommended" rating for the company [1][3]. Core Views - The company's Q3 performance showed a decline in revenue and net profit, with Q3 revenue at 3.82 billion yuan, down 4.13% year-on-year and 10.16% quarter-on-quarter. Net profit attributable to shareholders was 585 million yuan, down 16.60% year-on-year and 11.93% quarter-on-quarter [1]. - Despite the short-term performance pressure due to coal power unit maintenance and weak wind conditions, the company has a robust pipeline of energy projects that ensure high certainty in installed capacity in the long term [1]. - The company is expected to achieve net profits of 2.87 billion yuan, 3.19 billion yuan, and 3.26 billion yuan for the years 2024, 2025, and 2026 respectively, with corresponding EPS of 1.08, 1.20, and 1.22 yuan [1][2]. Financial Performance Summary - For the first three quarters of 2024, the company reported total revenue of 10.485 billion yuan, a year-on-year increase of 1.22%, and a net profit of 1.773 billion yuan, up 8.38% year-on-year [1]. - Q3 electricity generation was 6.464 billion kWh, a decrease of 3.51% year-on-year, while heat supply increased by 3.09% to 2.5344 million tons [1]. - The company has significant ongoing projects, including the East Bridge (Quanhui) cogeneration project with an estimated investment of over 6.9 billion yuan, expected to generate 6.204 billion kWh annually [1]. Project Pipeline and Future Outlook - The company has a rich portfolio of offshore wind and pumped storage projects, with the Changle offshore wind project approved this year, involving a total investment of 6.588 billion yuan and a planned capacity of 656,000 kW [1]. - The company is actively pursuing the Jinjiang gas power phase II project, which is expected to enhance profitability in gas power generation [1]. - The report highlights that the company’s long-term growth prospects remain strong due to its extensive project reserves and the expected increase in installed capacity [1].

| 证券代码：600483 | 证券简称：福能股份 | 公告编号：2024-063 | | --- | --- | --- | | 转债代码：110048 | 转债简称：福能转债 | | 福建福能股份有限公司 关于"福能转债"到期兑付暨摘牌的第一次提示性公告 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个别及连带责任。 ●可转债到期日和兑付登记日：2024 年 12 月 6 日 ●兑付本息金额：109 元人民币/张（含税） 自 2024 年 12 月 4 日至 2024 年 12 月 6 日，"福能转债"持有人仍可以依据约定的 条件将"福能转债"转换为公司股票。 福建福能股份有限公司(以下简称公司)经中国证券监督管理委员会《关于核准福建 福能股份有限公司公开发行可转换公司债券的批复》（证监许可〔2018〕1732 号）文批 准，于2018年12月7日通过上海证券交易所向社会公开发行2,830万张可转换公司债 券，每张面值 100 元，发行总额 28.3 亿元人民币，期限为 6 年。经上海证券交易所"自 律监管决定书〔2018〕161 ...

福建福能股份有限公司 审计报告及财务报表 二○二一年度 6-1-1-1 福建福能股份有限公司 审计报告及财务报表 （2021 年 01 月 01 日至 2021 年 12 月 31 日止） | | 目录 | 页次 | | --- | --- | --- | | 一、 | 审计报告 | 1-5 | | 二、 | 财务报表 | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动 | 9-12 | | | 表 | | | | 财务报表附注 | 1-133 | 6-1-1-2 审计报告 信会师报字[2022]第 ZA11446 号 福建福能股份有限公司全体股东： 一、 审计意见 我们审计了福建福能股份有限公司（以下简称福能股份）财务报 表，包括 2021 年 12 月 31 日的合并及母公司资产负债表，2021 年度 的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所 有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大 ...

福建福能股份有限公司 审计报告及财务报表 二○二一年度 6-1-1-1 福建福能股份有限公司 审计报告及财务报表 （2021 年 01 月 01 日至 2021 年 12 月 31 日止） | | 目录 | 页次 | | --- | --- | --- | | 一、 | 审计报告 | 1-5 | | 二、 | 财务报表 | | | | 合并资产负债表和母公司资产负债表 | 1-4 | | | 合并利润表和母公司利润表 | 5-6 | | | 合并现金流量表和母公司现金流量表 | 7-8 | | | 合并所有者权益变动表和母公司所有者权益变动 | 9-12 | | | 表 | | | | 财务报表附注 | 1-133 | 6-1-1-2 审计报告 信会师报字[2022]第 ZA11446 号 福建福能股份有限公司全体股东： 一、 审计意见 我们审计了福建福能股份有限公司（以下简称福能股份）财务报 表，包括 2021 年 12 月 31 日的合并及母公司资产负债表，2021 年度 的合并及母公司利润表、合并及母公司现金流量表、合并及母公司所 有者权益变动表以及相关财务报表附注。 我们认为，后附的财务报表在所有重大 ...

| 证券代码：600483 | 证券简称：福能股份 | 公告编号：2024-060 | | --- | --- | --- | | 转债代码：110048 | 转债简称：福能转债 | | 福建福能股份有限公司 第十届董事会第三十一次临时会议决议公告 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个别及连带责任。 一、董事会会议召开情况 （一）本次会议的召开符合有关法律、行政法规、部门规章、规范性文件和公司《章 程》的相关规定。 （二）本次会议的通知和材料已于2024年10月23日，由董事会办公室以电子邮件和 短信的方式提交全体董事和监事。 （三）本次会议于2024年10月29日10:00以通讯表决方式召开。 （四）本次会议应参与表决董事9人，实际参与表决董事9人。 （五）本次会议由董事长桂思玉先生召集并主持，公司监事和高级管理人员列席了 会议。 二、董事会会议审议情况 经与会董事认真审议，以记名和书面方式，逐项表决通过了以下议案： （一）以9票同意、0票反对、0票弃权的表决结果，审议通过了《关于2024年第三 季度报告的议案》。 详见同 ...

Revenue and Profit Performance - Revenue for the third quarter was RMB 3.82 billion, a decrease of 4.13% year-over-year[2] - Net profit attributable to shareholders was RMB 584.84 million, down 16.60% compared to the same period last year[2] - Total revenue for the first three quarters of 2024 reached RMB 10,485,353,878.79, a slight increase from RMB 10,358,802,323.47 in the same period of 2023[12] - Net profit attributable to the parent company's shareholders increased to RMB 10,498,086,051.23 in 2024 from RMB 9,524,895,496.80 in 2023[11] - Net profit attributable to parent company shareholders reached 1.77 billion yuan, up 8.4% YoY from 1.64 billion yuan[14] - Sales revenue from goods and services reached 11.34 billion yuan, up 2.9% YoY from 11.02 billion yuan[16] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 50.97 billion, an increase of 0.55% from the end of the previous year[3] - Total assets as of September 30, 2024, were RMB 50,967,046,212.19, compared to RMB 50,689,626,503.76 at the end of 2023[9] - Total liabilities decreased to RMB 21,254,227,868.84 in 2024 from RMB 22,737,017,242.39 in 2023[10] - Long-term loans increased to RMB 14,765,386,851.84 in 2024 from RMB 14,208,380,082.34 in 2023[10] - Accounts receivable rose to RMB 5,158,390,731.97 in 2024 from RMB 4,813,537,246.86 in 2023[9] - Cash and cash equivalents decreased to RMB 5,199,865,949.38 in 2024 from RMB 5,830,935,117.58 in 2023[8] - Total equity attributable to the parent company's shareholders increased to RMB 23,625,663,398.15 in 2024 from RMB 21,921,508,684.41 in 2023[11] - Capital reserves grew to RMB 6,979,434,933.13 in 2024 from RMB 6,304,481,651.09 in 2023[11] Shareholder Information - Shareholders' equity attributable to the parent company increased by 7.77% to RMB 23.63 billion compared to the end of the previous year[3] - The total number of ordinary shareholders at the end of the reporting period was 32,168[5] - The largest shareholder, Fujian Energy Group Co., Ltd., holds 57.55% of the company's shares[6] Earnings and Returns - Basic earnings per share for the quarter were RMB 0.24, a decrease of 14.52% year-over-year[2] - Weighted average return on equity (ROE) for the quarter was 2.66%, down 0.83 percentage points from the same period last year[3] - Basic earnings per share (EPS) stood at 0.70 yuan, up 7.7% YoY from 0.65 yuan[15] - Total comprehensive income amounted to 2.16 billion yuan, up 11.5% YoY from 1.93 billion yuan[15] Cash Flow and Investments - The company's operating cash flow for the first nine months of the year was RMB 3.24 billion, an increase of 18.71% year-over-year[2] - Cash flow from operating activities totaled 11.62 billion yuan, up 3.2% YoY from 11.25 billion yuan[16] - Operating cash flow increased to 3,243,344,897.67 RMB, up 18.7% compared to the previous year[17] - Investment cash outflow rose to 1,992,435,669.62 RMB, a 55.2% increase from the previous year[17] - Financing cash outflow decreased to 4,223,929,331.05 RMB, down 21.7% compared to the previous year[17] - Net cash flow from financing activities was -2,213,245,051.68 RMB, a 55.3% decrease from the previous year[17] - Cash and cash equivalents at the end of the period were 5,197,066,198.17 RMB, a 15.0% decrease from the beginning of the period[17] - Cash received from investments decreased to 308,454,916.62 RMB, down 34.9% compared to the previous year[17] - Cash paid for the acquisition of fixed assets, intangible assets, and other long-term assets increased to 1,725,307,669.62 RMB, up 75.5% from the previous year[17] Expenses and Costs - Total operating costs for the first three quarters of 2024 were RMB 8,983,863,556.64, down from RMB 9,241,713,263.35 in 2023[12] - R&D expenses increased to 108.12 million yuan, up 29.2% YoY from 83.70 million yuan[14] - Investment income decreased to 844.34 million yuan, down 6.6% YoY from 904.22 million yuan[14] - Interest expenses declined to 425.42 million yuan, down 12.8% YoY from 487.58 million yuan[14] - Income tax expenses surged to 308.82 million yuan, up 141.4% YoY from 127.91 million yuan[14] - Other income increased to 97.44 million yuan, up 60.6% YoY from 60.67 million yuan[14] - Payments for employee benefits increased to 527,883,145.12 RMB, up 4.1% compared to the previous year[17] - Tax payments increased to 806,010,622.05 RMB, a 29.9% increase from the previous year[17] Government Subsidies and Accounting - The company received RMB 11.27 million in government subsidies during the quarter, contributing to non-recurring gains[4] - The company did not apply new accounting standards or interpretations in 2024[18]

| 证券代码：600483 | 证券简称：福能股份 公告编号：2024-062 | | --- | --- | | 转债代码：110048 | 转债简称：福能转债 | 福建福能股份有限公司 关于召开 2024 年第三季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个别及连带责任。 重要内容提示： ● 会议召开时间：2024 年 11 月 8 日（星期五）15:00-16:30 ●会议召开地点： 上海证券 交易所上证路演中心（ 网 址 ： http://roadshow.sseinfo.com/） ● 会议召开方式：上证路演中心网络互动 ● 投资者可于 2024 年 11 月 7 日(星期四) 16:00 前登录上证路演中心网站首页点 击"提问预征集"栏目或通过福建福能股份有限公司（以下简称公司）邮箱 zhengy2@fjec.com.cn 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。 公司于 2024 年 10 月 30 日发布公司 2024 年第三季度报告，为便于广大投资者更全 面深入地了解公司 20 ...

兴业证券股份有限公司 关于 福建福能股份有限公司 向不特定对象发行可转换公司债券 之 发行保荐书 保荐机构（主承销商） 6米业证券股份有限公司 二〇二四年十月 发行保荐书 兴业证券股份有限公司 关于福建福能股份有限公司 向不特定对象发行可转换公司债券之 发行保荐书 兴业证券股份有限公司接受福建福能股份有限公司的委托，担任其本次向不 特定对象发行可转换公司债券的保荐机构，戴劲和黄实彪作为具体负责推荐的保 荐代表人，特为其出具本发行保荐书。 本保荐机构和保荐代表人根据《公司法》、《证券法》等有关法律法规和中 国证监会、上海证券交易所的有关规定，诚实守信、勤勉尽责，并严格按照依法 制定的业务规则、行业执业规范和道德准则出具本发行保荐书，并保证所出具文 件的真实性、准确性、完整性。 3-1-1 发行保荐书 目 录 | 目 求…… | | --- | | 将 X | | 第一节 本次证券发行基本情况 | | 一、本次证券发行具体负责推荐的保荐代表人… | | 二、本次证券发行项目协办人及项目组其他成员 | | 三、发行人基本情况. | | 四、保荐机构与发行人关联关系的说明 | | 五、保荐机构内部审核程序和内核意见 ...