| 证券代码：600903 | 证券简称：贵州燃气 公告编号：2025-080 | | --- | --- | | 债券代码：110084 | 债券简称：贵燃转债 | 贵州燃气集团股份有限公司 第四届董事会第四次会议决议公告 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。 一、董事会会议召开情况 贵州燃气集团股份有限公司（以下简称"贵州燃气"或"公司"）第四届董 事会第四次会议（以下简称"本次会议"）于 2025 年 9 月 22 日以现场结合视频 方式在贵州省贵阳市新添大道南段 298 号金耀华庭贵州燃气大营坡办公区四楼 会议室召开。本次会议由董事长程跃东先生主持，会议应出席董事 9 名，实际出 席董事 9 名（其中董事邓学光先生、李永瑞先生、张瑞彬先生、冯建先生、钱红 骥先生以视频方式出席会议）；公司董事会秘书、其他高级管理人员列席本次会 议。本次会议的召集、召开程序符合《中华人民共和国公司法》《贵州燃气集团 股份有限公司章程》《贵州燃气集团股份有限公司董事会议事规则》的有关规定， 会议合法有效。 表决情况：9 票赞成，占 ...

Group 1 - The core point of the article is that Guizhou Gas announced the convening of its fourth board meeting on September 22, 2025, to review various proposals, including the exemption of the notice period for board meetings [1] - For the first half of 2025, Guizhou Gas reported that natural gas sales accounted for 98.31% of its total revenue, while other businesses contributed 1.38% and comprehensive energy supply and services made up 0.3% [1] - As of the report date, Guizhou Gas has a market capitalization of 7.9 billion yuan [1]

Core Viewpoint - Guizhou Gas Group Co., Ltd. has issued convertible bonds totaling RMB 100 million, with a structured plan for interest payments and conversion terms, aimed at enhancing its capital structure and providing returns to investors [3][4][5]. Summary by Sections Bond Issuance Overview - The convertible bond issuance was approved by the board on June 15, 2020, and subsequently by the shareholders on July 1, 2020 [2]. - The China Securities Regulatory Commission approved the issuance on September 10, 2021, allowing for a total face value of RMB 100 million [3]. Bond Details - The total issuance amount is RMB 100 million, with 1 million units issued at a face value of RMB 100 each [5][6]. - The bond has a term of six years, from December 27, 2021, to December 26, 2027 [7]. - The interest rates are structured to increase over the years, starting at 0.30% in the first year and reaching 2.00% by the sixth year [8]. Conversion Terms - The initial conversion price is set at RMB 10.17 per share, with provisions for adjustments based on corporate actions such as stock dividends and capital increases [15][17]. - The conversion period is from July 1, 2022, to December 26, 2027 [14]. Price Adjustments - The conversion price has been adjusted downwards to RMB 7.22 per share as of May 16, 2022, and further adjustments have been made following subsequent dividend distributions [22][23][24]. - The latest adjustment brings the conversion price to RMB 7.11 per share effective from September 17, 2025 [35]. Redemption and Buyback Provisions - The company has outlined conditions for redemption, including a mandatory redemption at 110% of the face value upon maturity and optional redemption under specific stock price conditions [28]. - Holders have the right to sell back the bonds under certain conditions if the stock price falls below 70% of the conversion price during the last two interest years [30]. Credit Rating - The bonds have received a credit rating of AA from China Chengxin International Credit Rating Co., Ltd., with a stable outlook [33]. Management and Oversight - Hongta Securities Co., Ltd. serves as the trustee for the bonds, ensuring the protection of bondholders' interests and compliance with regulatory requirements [34].

股票代码：600903 股票简称：贵州燃气 债券代码：110084 债券简称：贵燃转债 贵州燃气集团股份有限公司 公开发行可转换公司债券 第四次临时受托管理事务报告 （2025 年度） 债券受托管理人 住所：云南省昆明市北京路 155 号附 1 号 二〇二五年九月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称"《管理办法》"）、 《贵州燃气集团股份有限公司公开发行可转换公司债券受托管理协议》（以下简 称"《受托管理协议》"）、《贵州燃气集团股份有限公司公开发行可转换公司 债券募集说明书》（以下简称"《募集说明书》"）等相关公开信息披露文件、 第三方中介机构出具的专业意见等，由本次债券受托管理人红塔证券股份有限公 司（以下简称"红塔证券"）编制。红塔证券对本报告中所包含的从上述文件中 引述内容和信息未进行独立验证，也不就该等引述内容和信息的真实性、准确性 和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为红塔证券所作的承诺 或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为，红 ...

Market Overview - On September 15, the gas sector declined by 0.23%, with Meinuo Energy leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Individual Stock Performance - Shengtong Energy (001331) saw a significant increase of 10.01%, closing at 13.85 with a trading volume of 179,500 shares and a turnover of 238 million yuan [1] - ST Jinwan (000669) rose by 3.98%, closing at 3.40 with a trading volume of 161,500 shares and a turnover of 54.49 million yuan [1] - Meinuo Energy (001299) experienced a decline of 3.23%, closing at 12.90 with a trading volume of 119,000 shares and a turnover of 157 million yuan [2] - Wanhou Energy (002700) fell by 3.04%, closing at 7.02 with a trading volume of 159,400 shares and a turnover of 112 million yuan [2] Capital Flow Analysis - The gas sector experienced a net outflow of 110 million yuan from institutional investors, while retail investors saw a net inflow of 69.9 million yuan [2] - Major stocks like Shengtong Energy had a net inflow of 73.84 million yuan from institutional investors, but also faced a net outflow of 47.48 million yuan from retail investors [3] - ST Jinwan had a net inflow of 8.38 million yuan from institutional investors, with a net outflow of 4.99 million yuan from retail investors [3]

Core Points - Guizhou Gas Group Co., Ltd. announced the implementation of its 2025 semi-annual profit distribution plan, which includes a cash dividend of CNY 0.01423 per share [2][4][11] - The total cash dividend to be distributed amounts to CNY 16,364,629.89, based on a total share capital of 1,150,009,128 shares [4][14] - The profit distribution plan was approved by the board on August 28, 2025, following authorization from the annual shareholders' meeting held on May 26, 2025 [2][3] Distribution Plan - The cash dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the record date [3][4] - The distribution will be executed through the clearing system of the China Securities Depository and Clearing Corporation, with shareholders able to receive their dividends at their designated securities firms on the payment date [5][6] Taxation Details - For individual shareholders holding shares for over one year, the cash dividend is exempt from personal income tax, resulting in an actual distribution of CNY 0.01423 per share [8] - For shares held for less than one year, the tax will be calculated upon the transfer of shares, with a tax burden of 20% for holdings of one month or less, and 10% for holdings between one month and one year [8][9] - Qualified Foreign Institutional Investors (QFII) will have a 10% withholding tax applied, resulting in an actual cash dividend of CNY 0.01281 per share [9] Convertible Bond Adjustment - The conversion price for the company's convertible bonds ("Gui Ran Convertible Bonds") will be adjusted from CNY 7.12 to CNY 7.11 per share, effective September 17, 2025, due to the cash dividend distribution [15][17] - The adjustment follows the formula for cash dividend distribution, where the new conversion price is calculated by subtracting the cash dividend from the previous conversion price [16][17] - The bonds will be suspended from conversion from September 10 to September 16, 2025, and will resume conversion on September 17, 2025 [18]

Core Viewpoint - Guizhou Gas announced a cash dividend distribution plan for the first half of 2025, with a cash dividend of 0.01423 yuan per share (tax included) [2] Summary by Relevant Sections - **Dividend Details** - The cash dividend of 0.01423 yuan per share is set to be distributed to A-share holders [2] - The record date for the dividend is September 16, 2025, and the ex-dividend date is September 17, 2025 [2]

| 证券代码：600903 | 证券简称：贵州燃气 | 公告编号：2025-077 | | --- | --- | --- | | 债券代码：110084 | 债券简称：贵燃转债 | | 贵州燃气集团股份有限公司 2025年半年度权益分派实施公告 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： 差异化分红送转： 否 每股分配比例 一、通过分配方案的股东会届次和日期 A 股每股现金红利0.01423元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/16 | － | 2025/9/17 | 2025/9/17 | 三、相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/9/16 | － | 2025/9/17 | 2025/9/17 | 四、 ...

| 证券代码：600903 | 证券简称：贵州燃气 公告编号：2025-078 | | --- | --- | | 债券代码：110084 | 债券简称：贵燃转债 | 贵州燃气集团股份有限公司 关于 2025 年中期权益分派调整可转债转股价格的公告 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。 调整前转股价格：7.12 元/股 调整后转股价格：7.11 元/股 "贵燃转债"本次转股价格调整实施日期：2025 年 9 月 17 日 证券停复牌情况：适用 股价格为10.17元/股。截至本公告披露日，"贵燃转债"最新转股价格为7.12元/ 股。"贵燃转债"历次转股价格调整情况详见公司在上海证券交易所网站 （www.sse.com.cn）披露的有关公告（公告编号：2022-039、2022-046、2024-029、 2025-004、2025-054）。 一、转股价格调整依据 公司于本公告披露日同日发布了《贵州燃气集团股份有限公司2025年半年度 权益分派实施公告》（公告编号：2025-077），公司本次利润分配以权益分派股 权登 ...

Group 1 - The core point of the news is the absorption merger of Guizhou Energy Group Co., Ltd. and Guizhou Wujang Energy Group Co., Ltd., which will lead to a change in the indirect controlling shareholder of Guizhou Gas Group Co., Ltd. from Guizhou Wujang to Guizhou Energy [60][59] - The merger is based on the approval from the Guizhou Provincial Government, which aims to strengthen and optimize the state-owned assets in the energy sector [22][62] - After the merger, Guizhou Energy will inherit 100% equity of Guizhou Wujang Energy Investment Co., Ltd., which holds 341,394,483 shares of Guizhou Gas, accounting for approximately 29.69% of the total share capital [27][60] Group 2 - Guizhou Energy Group is a state-owned enterprise with a registered capital of 1,000,000 million yuan, focusing on coal, electricity, and gas production and supply, among other energy-related activities [3][63] - The merger will not affect the actual controller of Guizhou Gas, which remains the Guizhou Provincial Government [60][59] - The merger process has been approved by relevant authorities, including the State Administration for Market Regulation, ensuring compliance with regulatory requirements [24][62] Group 3 - The report indicates that there are no plans for Guizhou Energy to increase or dispose of its shares in Guizhou Gas within the next 12 months following the merger [5][23] - Guizhou Energy has committed to maintaining the independence of Guizhou Gas's management, assets, and operations post-merger [38][39] - There are no significant competitive overlaps between Guizhou Energy's operations and those of Guizhou Gas, ensuring no adverse impact on the latter's business [39]