上海大众公用事业（集团）股份有限公司 董事会提名委员会工作细则（修订） （经 2025 年 10 月 30 日第十二届董事会第十三次会议审议通过） 第四条 提名委员会由 3 名董事组成，独立非执行董事应在委员会成员中占 多数，并且应有至少一名不同性别的董事。 第五条 提名委员会委员由董事局主席或者全体董事的 1/3 以上提名，并由 董事会选举产生。 第六条 提名委员会设主任 1 名，由独立非执行董事委员担任，负责主持提 1 名委员会工作。 第七条 提名委员会委员任期与董事任期一致，委员任期届满，连选可以连任。 期间如有委员不再担任公司董事职务或应当具有独立非执行董事身份的委员不再具 备《公司章程》及《上市规则》所规定的独立性，自动失去委员资格，并由董事会 根据上述第四至第六条规定补足委员人数。 第一章 总则 第一条 为进一步建立健全上海大众公用事业（集团）股份有限公司 (以下 简称"公司"）董事（以下简称"董事"）、高级管理人员的选择标准和程序，完善公 司治理结构，根据《中华人民共和国公司法》、《上市公司治理准则》、《上海大众公 用事业（集团）股份有限公司章程》（以下简称"《公司章程》")、《香港联合交易所 ...

Group 1 - The core viewpoint of the news highlights the recent stock performance and trading activity of Shanghai Dazhong Public Utilities (Group) Co., Ltd., indicating a 2.22% increase in stock price to 6.91 CNY per share, with a total market capitalization of 20.401 billion CNY [1] - Year-to-date, the stock price has increased by 56.55%, while it has seen a decline of 5.86% over the last five trading days [1] - The company has appeared on the trading leaderboard six times this year, with the most recent appearance on October 13, where it recorded a net buy of -1.2658 million CNY [1] Group 2 - Shanghai Dazhong Public Utilities was established on January 1, 1992, and listed on March 4, 1993, with its main business activities including public utilities and financial investment [2] - The revenue composition of the company shows that gas sales account for 89.67%, followed by wastewater treatment at 4.17% and construction at 1.80% [2] - As of June 30, 2025, the company reported a revenue of 3.476 billion CNY, a year-on-year decrease of 5.80%, while the net profit attributable to shareholders increased by 172.62% to 333 million CNY [2] Group 3 - The company has distributed a total of 2.543 billion CNY in dividends since its A-share listing, with 298 million CNY distributed over the past three years [3] - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 8.3056 million shares [3] - Other notable shareholders include Southern CSI 1000 ETF and Huaxia CSI 1000 ETF, both of which have increased their holdings compared to the previous period [3]

Group 1 - The core viewpoint of the news is that the National Petroleum and Natural Gas Index (399439) has shown a strong increase of 1.00%, driven by significant gains in constituent stocks such as Lanstone Heavy Industry (603169) up 9.98%, and China Merchants Energy Shipping (601872) up 7.81% [1] - The U.S. Energy Information Administration (EIA) reported a decrease in crude oil inventories by 6.86 million barrels last week, exceeding expectations, which contributed to the rise in oil prices [1] - Zhongyou Securities indicated that if there is a future premium on crude oil due to regional situations, it would benefit upstream assets, while improvements in demand and supply could favor midstream refining [1] Group 2 - As of September 30, 2025, the top ten weighted stocks in the National Petroleum and Natural Gas Index (399439) include China National Petroleum (601857), China Petroleum & Chemical (600028), and China National Offshore Oil (600938), collectively accounting for 64.68% of the index [2] - The Oil and Gas ETF (159697) closely tracks the National Petroleum and Natural Gas Index, reflecting the price changes of publicly listed companies in the oil and gas sector on the Shanghai and Shenzhen stock exchanges [1]

Core Insights - The gas sector experienced a 1.0% increase on October 23, with Dazhong Public Utilities leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Gas Sector Performance - Dazhong Public Utilities (600635) closed at 7.34, up 6.53% with a trading volume of 4.7849 million shares and a transaction value of 3.414 billion [1] - Shenzhen Gas (601139) closed at 7.10, up 4.41%, with a trading volume of 846,200 shares and a transaction value of 598 million [1] - Delong Huineng (000593) closed at 7.92, up 3.39%, with a trading volume of 206,700 shares and a transaction value of 163 million [1] - Other notable performers include Jiufeng Energy (605090) at 34.56, up 1.86%, and Anhui Natural Gas (603689) at 9.11, up 1.56% [1] Capital Flow Analysis - The gas sector saw a net inflow of 60.71 million from institutional investors, while retail investors experienced a net outflow of 543.95 million [2] - Dazhong Public Utilities had a net inflow of 24.8 million from institutional investors, representing 7.26% of its total trading [3] - Blue Sky Gas (605368) recorded a net inflow of 10.69 million from institutional investors, with a net outflow of 14.52 million from retail investors [3]

Group 1 - The core point of the news is that Shanghai Dazhong Public Utilities Co., Ltd. experienced a stock price increase of 5.66%, reaching 7.28 CNY per share, with a trading volume of 2.041 billion CNY and a turnover rate of 12.05%, resulting in a total market capitalization of 21.494 billion CNY [1] - The company was established on January 1, 1992, and listed on March 4, 1993, with its main business activities including public utilities and financial investment [1] - The revenue composition of the company is as follows: gas sales 89.67%, wastewater treatment 4.17%, construction 1.80%, transportation 1.75%, commerce 1.38%, others 0.90%, municipal tunnel operations 0.29%, and finance 0.05% [1] Group 2 - Among the top ten circulating shareholders of Dazhong Public Utilities, a fund under Southern Fund increased its holdings in the Southern CSI 1000 ETF (512100) by 3.3594 million shares in the second quarter, holding a total of 17.8791 million shares, which accounts for 0.61% of the circulating shares [2] - The estimated floating profit from this increase is approximately 6.9729 million CNY [2] - The Southern CSI 1000 ETF (512100) was established on September 29, 2016, with a latest scale of 64.953 billion CNY, and has achieved a year-to-date return of 24.16%, ranking 2079 out of 4218 in its category [2]

Core Viewpoint - The stock of Shanghai Dazhong Public Utilities (Group) Co., Ltd. has shown significant growth this year, with a year-to-date increase of 59.27% and a recent surge in trading activity, indicating strong investor interest and market performance [1][2]. Financial Performance - For the first half of 2025, the company reported a revenue of 3.476 billion yuan, a year-on-year decrease of 5.80%, while the net profit attributable to shareholders increased by 172.62% to 333 million yuan [2]. - Cumulatively, the company has distributed 2.543 billion yuan in dividends since its A-share listing, with 298 million yuan distributed over the past three years [3]. Shareholder Information - As of June 30, 2025, the number of shareholders decreased by 3.73% to 145,000, with an average of 0 circulating shares per shareholder [2]. - The top ten circulating shareholders include significant institutional investors, with Hong Kong Central Clearing Limited holding 20.4573 million shares, an increase of 8.3056 million shares from the previous period [3]. Stock Market Activity - On October 23, the stock price reached 7.03 yuan per share, with a trading volume of 885 million yuan and a turnover rate of 5.25% [1]. - The stock has appeared on the "Dragon and Tiger List" six times this year, indicating notable trading activity, with the most recent appearance on October 13, where it recorded a net buy of -1.2658 million yuan [1].

消息面上，10月22日，深圳市发布推动并购重组高质量发展行动方案，力争到2027年底，辖区上市公司 质量全面提升，境内外上市公司总市值突破20万亿元，培育形成千亿级市值企业20家。并购重组市场量 质齐升，累计完成并购项目超200单、交易总额超1000亿元，落地一批行业示范案例。 公开资料显示，大众公用早在2002年入股深圳市创新投资集团有限公司（简称"深创投"）成为其第二大 股东。半年报显示，大众公用持有深创投10.80%股权。简历显示，大众公用董事长杨国平还担任深创 投副董事长。此外，近期，摩尔线程极速过会。企查查信息显示，深创投曾在2021年Pre-A轮领投摩尔 线程。深创投还在2022年B轮以及2024年B+轮追投了宇树科技。 智通财经APP获悉，大众公用(01635)高开近4%，截至发稿，涨3.75%，报4.15港元，成交额591.79万港 元。 ...

Core Viewpoint - The stock of China Vanke (01635) opened nearly 4% higher and is currently up 3.75%, trading at HKD 4.15, with a transaction volume of HKD 5.9179 million. This increase is influenced by the recent announcement from Shenzhen City regarding a plan to promote high-quality development in mergers and acquisitions [1]. Group 1: Mergers and Acquisitions - Shenzhen City aims to enhance the quality of listed companies by the end of 2027, targeting a total market capitalization of over RMB 20 trillion for domestic and foreign listed companies, and to cultivate 20 companies with a market value of over RMB 100 billion [1]. - The merger and acquisition market is expected to see both quantity and quality improvements, with over 200 completed projects and a total transaction value exceeding RMB 100 billion, alongside the establishment of several industry demonstration cases [1]. Group 2: Company Background - China Vanke has been a significant shareholder in Shenzhen Innovation Investment Group Co., Ltd. (referred to as "Shenzhen Innovation") since 2002, holding a 10.80% stake as per the latest half-year report [1]. - The chairman of China Vanke, Yang Guoping, also serves as the vice chairman of Shenzhen Innovation, indicating a close relationship between the two entities [1]. Group 3: Investment Activities - Shenzhen Innovation has been actively involved in funding technology companies, having led the Pre-A round investment in Moore Threads in 2021, and participated in subsequent funding rounds for Yushu Technology in 2022 and 2024 [1].

Core Viewpoint - The recent surge in the stock price of Shanghai Dazhong Public Utilities (600635.SH) is attributed to its indirect investments in IPO-bound technology companies like Moer Technology and Yushu Technology, with the stock rising over 70% since early September [1][11]. Company Overview - Shanghai Dazhong Public Utilities, established on December 24, 1991, is a leading public utility and investment holding company in China, originally known as Shanghai Pudong Dazhong Taxi Co., Ltd. [4] - The company operates primarily in three sectors: urban gas, environmental municipal services, and financial investment [4]. Revenue Breakdown - Gas sales account for 83.36% of the total revenue of Dazhong Public Utilities, making it the dominant revenue source, while environmental municipal services and financial investment contribute significantly less [7]. Investment in Venture Capital - Dazhong Public Utilities holds a 10.8% stake in Shenzhen Innovation Investment Group (Shenzhen Chuangtou), a major venture capital firm in China, with a total indirect stake of 13.93% [10]. - The market has high expectations for the financial investment segment, despite its current low revenue contribution [8]. Potential Valuation Impact - There are speculations about Shenzhen Chuangtou preparing for an IPO, which could significantly enhance the valuation of Dazhong Public Utilities' stake, estimated to exceed 400 billion RMB based on a potential valuation of 300 billion to 400 billion RMB for Shenzhen Chuangtou [11][12]. - The current market has not fully priced in the potential value of Dazhong Public Utilities' holdings in Shenzhen Chuangtou, as the company has historically been valued as a public utility [11].

Core Viewpoint - The recent surge in the stock price of Shanghai Dazhong Public Utilities (600635.SH) is attributed to its indirect investments in IPO-bound technology companies like Moer Thread and Yushu Technology, with its stock price increasing over 70% since early September [1][10]. Company Overview - Shanghai Dazhong Public Utilities, established on December 24, 1991, was the first listed company in the taxi industry and has evolved into an investment holding company with a focus on public utilities and financial investment [4]. - The company's main business segments include urban gas, environmental municipal services, and financial investment [4]. Revenue Breakdown - Gas sales account for 83.36% of the total revenue of Dazhong Public Utilities, making it the primary revenue source, while construction and sewage treatment also contribute significantly [7]. - Financial investment currently contributes a smaller portion to the overall revenue [7]. Investment in Innovation - Dazhong Public Utilities is a major shareholder of Shenzhen Innovation Investment Group (Shenzhen Chuangtou), which is one of the largest domestic venture capital institutions in China [8]. - The company directly holds 10.8% of Shenzhen Chuangtou's shares, and with indirect holdings, the total stake rises to 13.93% [10]. Market Expectations - The market has high expectations for the financial investment segment, despite its current low revenue contribution [8]. - There are speculations about Shenzhen Chuangtou preparing for an IPO, which could significantly benefit Dazhong Public Utilities if successful [12]. Valuation Insights - Analysts suggest that Shenzhen Chuangtou's valuation could range from 300 billion to 400 billion RMB, which would imply that Dazhong Public Utilities' stake is worth over 40 billion RMB, significantly higher than its current market capitalization of 20.3 billion RMB [12]. - The market has not fully priced in the potential value of Dazhong Public Utilities' holdings in Shenzhen Chuangtou, as the company has historically been valued as a public utility [12].