Core Viewpoint - Tianfu Energy (SH 600509) announced the public transfer of 51% equity in its wholly-owned subsidiary, Shihezi Zezhong Water Co., Ltd., with a minimum transfer price of approximately 371 million yuan [1] Group 1: Company Announcement - Tianfu Energy plans to publicly transfer 51% of its stake in Shihezi Zezhong Water Co., Ltd. through the state-owned equity transfer process [1] - The minimum transfer price for the equity stake is set at approximately 371 million yuan [1] Group 2: Revenue Composition - For the year 2024, Tianfu Energy's revenue composition is as follows: Industrial sector accounts for 77.75%, construction enterprises for 11.03%, commercial sector for 10.21%, and other business revenues for 1.01% [1]

证券代码：600509 证券简称：天富能源 公告编号：2025-临 069 新疆天富能源股份有限公司 关于转让全资子公司石河子泽众水务有限公司 51%股权的公告 特别提示 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： 新疆天富能源股份有限公司（以下简称"公司"）拟将所持有 的全资子公司石河子泽众水务有限公司（以下简称"泽众水务"） 51%的股权按照国有股权转让流程公开挂牌转让，本次股权转让价格 不低于 37,131.63 万元。 本次交易不构成关联交易，也不构成重大资产重组，本事项无 需提交股东会审批。 一、本次交易情况概述 公司作为兵团电力系统优质资产的核心载体，为进一步聚焦发电 业务主业，构建兵团新型电力系统，实现优势资源向资产的转变，带 动产业结构转型，引领兵团电力系统全产业链高质量发展。2025 年 10 月 30 日，经公司第八届董事会第十九次会议审议通过《关于转让 全资子公司泽众水务 51%股权的议案》，同意公司将所持下属全资子 公司泽众水务 51%股权按照国有股权转让流程公开挂牌转让，转让 ...

证券代码：600509 证券简称：天富能源 公告编号：2025-临 068 新疆天富能源股份有限公司 第八届董事会第十九次会议决议公告 特别提示 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。 新疆天富能源股份有限公司（以下简称"公司"）第八届董事会 第十九次会议于 2025 年 10 月 25 日以书面和电子邮件方式通知各位 董事，10 月 30 日上午 10:30 分以现场加通讯表决的方式召开，董事 长尹俊涛先生主持本次会议，会议应参与表决董事 9 人，实际参与表 决董事 9 人。公司董事会成员在充分了解所审议事项的前提下，对审 议事项进行表决，符合《公司法》及《公司章程》的要求。 1、关于转让全资子公司泽众水务 51%股权的议案。 同意公司将所持下属全资子公司石河子泽众水务有限公司 51% 股权按照国有股权转让流程公开挂牌转让，转让价格根据第三方机构 出具的《评估报告》和《审计报告》综合确定，转让价格不低于37,131.63 万元。 董事会授权公司经营管理层负责具体组织实施本次股权转让的 全部事宜，包括但不限于协议 ...

本报告依据中国资产评估准则编制 新疆天富能源股份有限公司拟转让股权 涉及的石河子泽众水务有限公司 股东全部权益价值 资产评估报告 北方亚事评报字[2025]第01-1202号 NORTH 二〇二五年 中国资产评估协会 资产评估业务报告备案回执 说明:报告备案回执仅证明此报告已在业务报备管理系统进行了备案,不 作为协会对该报告认证、认可的依据,也不作为资产评估机构及其签字资产评 估专业人员免除相关法律责任的依据。 备案回执生成日期:2025-10-28 报告编码: 4711020080202502213 合同编号: NKG[2025]第 1616 号 法定评估业务资产评估报告 报告类型: 报告文号: 北方亚事评报字[2025]第 01-1202 号 新疆天富能源股份有限公司拟转让股权涉及的石河 报告名称: 子泽众水务有限公司股东全部权益价值 评估结论: 720,000.569.6 评估报告日: 2025 年 评估机构名称: 北方亚 陈卫(治 编号:32180133 签名人员: 王冰洁(资产评信师) 会员编号:32170023 (可扫描二维码查询备案业务信息) 新疆天富能源股份有限公司拟转让股权涉及的 石河子泽众 ...

Market Performance - The Xinjiang state-owned enterprise reform sector increased by 0.6% compared to the previous trading day, with Baodi Mining leading the gains [1] - The Shanghai Composite Index closed at 4016.33, up by 0.7%, while the Shenzhen Component Index closed at 13691.38, up by 1.95% [1] Individual Stock Performance - Baodi Mining (601121) closed at 7.37, with a rise of 2.65% and a trading volume of 216,000 shares, amounting to a transaction value of 158 million [1] - Western Gold (601069) closed at 28.05, up by 1.96%, with a trading volume of 183,300 shares and a transaction value of 510 million [1] - Lide New Energy (001258) closed at 8.33, also up by 1.96%, with a trading volume of 580,400 shares and a transaction value of 479 million [1] - Xinjiang Communications Construction (002941) closed at 18.86, up by 1.89%, with a trading volume of 1,619,300 shares and a transaction value of 1.144 billion [1] Capital Flow Analysis - The Xinjiang state-owned enterprise reform sector experienced a net outflow of 97.53 million from institutional investors, while retail investors saw a net inflow of 65.44 million [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are actively buying [2] Detailed Capital Flow by Stock - Western Gold (601069) had a net outflow of 30.21 million from institutional investors, while retail investors contributed a net inflow of 3.51 million [3] - Baodi Mining (601121) saw a net inflow of 22.37 million from institutional investors, but a net outflow of 21.32 million from retail investors [3] - Lide New Energy (001258) had a net inflow of 18.61 million from institutional investors, with retail investors also contributing a net inflow of 22.17 million [3]

Core Viewpoint - Tianfu Energy's stock has experienced fluctuations, with a year-to-date increase of 26.89% but a recent decline in the last five and twenty trading days [1][2] Financial Performance - For the period from January to September 2025, Tianfu Energy reported a revenue of 5.929 billion yuan, a year-on-year decrease of 12.10%, and a net profit attributable to shareholders of 374 million yuan, down 24.23% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 1.812 billion yuan, with 293 million yuan distributed over the last three years [3] Shareholder Information - As of October 10, 2025, the number of shareholders increased to 80,000, a rise of 2.69%, while the average circulating shares per person decreased by 2.62% to 17,179 shares [2] - The top ten circulating shareholders include notable entities such as Southern CSI 1000 ETF and Hong Kong Central Clearing Limited, with some shareholders reducing their holdings while new shareholders have entered [3]

Core Viewpoint - Tianfu Energy is actively promoting green transformation and aims to establish a comprehensive clean energy supply system that integrates multiple energy sources, ensuring stable production, transmission, and consumption of green electricity [2][5]. Company Overview - Tianfu Energy, established in 1999 and listed in 2002, has evolved from a traditional thermal power company to a comprehensive energy service provider, covering electricity and heat production, natural gas supply, and urban water supply [3][4]. - The company has developed a unique "factory-network integration" energy system that effectively matches regional energy demand with a highly coordinated supply system [3][4]. Energy Supply and Management - Tianfu Energy operates an integrated model for energy supply, ensuring stable and sustainable provision of electricity, heat, water, and natural gas within its service area [4]. - The company has achieved a high level of synergy among its various business segments, leading to a restructured value chain in energy supply [4]. Renewable Energy Initiatives - Tianfu Energy is committed to becoming a key player in the clean energy sector, with a focus on integrating renewable energy sources into its existing energy framework [5][6]. - The company plans to enhance its energy system's intelligence and flexibility to accommodate a higher proportion of renewable energy, ensuring reliable electricity supply [5][6]. Hydropower and Energy Storage - The company is actively developing hydropower projects on the Manas River, with a current installed capacity of 231 MW and plans for further expansion [7]. - Tianfu Energy is also pursuing large-scale energy storage projects, which are crucial for stabilizing the power grid and facilitating renewable energy consumption [7]. Strategic Goals and Collaborations - Under the national "dual carbon" strategy, Tianfu Energy aims to transition to a new power system dominated by renewable energy, emphasizing collaboration with other energy companies to develop solar projects in resource-rich areas [8][9]. - The company is involved in the construction of new materials industries, such as silicon carbide and photovoltaics, to enhance energy efficiency and clean utilization [9]. Financial Performance and Investor Returns - Since its listing, Tianfu Energy has distributed a total cash dividend of 1.812 billion yuan, with an average dividend payout ratio of 59.07%, reflecting its commitment to investor returns [9].

Core Viewpoint - The company, Xinjiang Tianfu Energy Co., Ltd., has reported a decline in net profit for the third quarter of 2025, primarily due to the absence of non-recurring gains from carbon emission rights sales and the completion of prior year's tax credit offsets [3][17]. Financial Data Summary - The third quarter report indicates that the net profit has decreased compared to the same period last year, influenced by the lack of carbon emission rights sales which contributed 0.62 billion yuan in the previous year [3]. - The financial report for the first nine months of 2025 is unaudited, and the company has confirmed the accuracy and completeness of the financial information presented [2][7]. Shareholder Information - The company has not reported any changes in the top ten shareholders or any significant share lending activities during the reporting period [6]. Board Meeting Decisions - The board of directors approved the third quarter report during the meeting held on October 20, 2025, with unanimous support from all participating members [8][11]. - The board also approved a proposal to sell approximately 640,000 tons of carbon emission quotas through the national carbon trading system, with the timing of the sale dependent on market conditions [12][16]. Impact of Carbon Quota Sale - The proceeds from the sale of carbon emission quotas will be classified as non-recurring gains and are intended to support the company's main business operations and funding needs [17]. - The company aims to actively participate in the carbon trading market, aligning with its strategy of achieving "carbon peak and carbon neutrality" while enhancing profitability [18].

Core Viewpoint - Tianfu Energy announced the approval of a proposal to sell approximately 640,000 tons of carbon emission quotas through the national carbon emission trading system, with the transaction price to be determined based on market trends [2]. Summary by Categories Company Actions - The company plans to sell carbon emission quotas via agreement transfer, single-item bidding, and other compliant methods [2]. - The management has been authorized to carry out the relevant work for the disposal of carbon emission quotas and to sign related contracts and documents [2]. Market Context - The sale will be timed according to the price trends of carbon emission quotas in the national carbon market [2].

Core Viewpoint - Tianfu Energy (600509.SH) reported a decline in both revenue and net profit for the first three quarters of the year, indicating potential challenges in its operational performance [1] Financial Performance - The company achieved an operating revenue of 5.929 billion yuan, representing a year-on-year decrease of 12.10% [1] - The net profit attributable to shareholders was 374 million yuan, down 24.23% year-on-year [1]