Core Viewpoint - The signing of the franchise agreement by Guizhou Gas Group Co., Ltd. and the Xishui Comprehensive Law Enforcement Bureau will expand the operational area and scale of the subsidiary, Xishui Gas Co., Ltd., enhancing the company's business development and aligning with its strategic goals [1][32]. Summary by Sections 1. Overview of the Franchise Rights - The franchise agreement was signed on August 8, 2025, covering six towns in the southern part of Xishui County, with a validity period of 30 years, from August 8, 2025, to August 7, 2055 [1][3]. - The agreement allows for exclusive investment, construction, operation, maintenance, and renovation of natural gas facilities, supplying gas to users via pipelines [1][5]. 2. Key Contents of the Franchise Agreement - **Franchise Rights Grant and Cancellation**: The signing of the agreement is considered the authorization date for the franchise rights [2]. - **Performance Guarantee and Franchise Fee**: A performance guarantee of 10 million yuan is required during the construction phase, and 5 million yuan during the operation phase, with a one-time franchise fee of 2,450,000 yuan to be paid to the government [2][3]. - **Geographical Scope**: The franchise rights are limited to the administrative areas of the six specified towns [4]. - **Business Scope**: The agreement specifies the exclusive rights to invest, construct, and operate gas facilities, and to provide emergency repair services [5]. - **Transfer and Pledge Restrictions**: The franchise rights cannot be transferred, leased, or pledged to third parties during the franchise period [6]. - **Termination Conditions**: The agreement outlines conditions under which the franchise rights may be revoked, including failure to comply with operational standards [7][8]. 3. Impact on the Company - The signing of the franchise agreement is expected to enhance the operational scale and area of Xishui Gas Co., Ltd., which is beneficial for the company's business growth and aligns with its development strategy [32].

Group 1 - Guizhou Gas Group's subsidiary, Xishui Gas Co., signed a gas pipeline franchise agreement with Xishui Comprehensive Law Enforcement Bureau, expanding its operational area and scale [1][2] - The franchise agreement is valid for 30 years, starting from August 8, 2025, covering six towns in Xishui County [2][3] - The agreement includes provisions for performance guarantees, requiring a total of 15 million yuan in guarantees during different phases of the project [3][4] Group 2 - The franchise agreement stipulates that Xishui Gas Co. will exclusively invest, construct, operate, maintain, and upgrade gas facilities in the designated areas [4][5] - The agreement outlines the conditions under which the franchise can be terminated, including unauthorized transfer of rights and significant safety incidents [5][6] - Xishui Gas Co. is responsible for ensuring gas supply safety and compliance with national and local standards throughout the franchise period [8][9] Group 3 - The agreement mandates that Xishui Gas Co. must provide comprehensive services to users, including emergency response and maintenance [10] - Pricing for gas sales will be regulated by the local government, and any adjustments must comply with relevant policies [10] - The signing of this agreement aligns with the company's strategic development goals and is expected to enhance business growth [11]

Core Viewpoint - Guizhou Gas (600903.SH) has signed a gas pipeline franchise agreement with the Xishui Comprehensive Administrative Law Enforcement Bureau, which will expand the operational area and scale of its subsidiary, Xishui Gas Company [1] Summary by Sections - Agreement Details - The agreement was signed on August 8, 2025, and involves the towns of Erlang, Yong'an, Sangmu, Erli, Guandian, and Taolin in Xishui County [1] - Impact on Company - The signing of the franchise agreement will enhance the operational scope and business scale of Xishui Gas Company, indicating potential growth opportunities for the company [1]

| 证券代码：600903 | 证券简称：贵州燃气 | 公告编号：2025-061 | | --- | --- | --- | | 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 关于子公司签订管道燃气特许经营协议的公告 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： ●贵州燃气集团股份有限公司（以下简称"贵州燃气"或"公司"）控股子 公司贵州燃气集团习水县燃气有限公司（以下简称"习水公司"或"乙方"）于 2025 年 8 月 8 日与习水县综合行政执法局（贵州省习水县人民政府授权单位， 以下简称"习水综合执法局"或"甲方"）签订了《习水县二郎镇、永安镇、桑 木镇、二里镇、官店镇、桃林镇管道燃气特许经营协议》（以下简称"《特许经 营协议》"或"本协议"）。 ●本协议的签订，将扩大习水公司的经营区域和经营规模。本协议的签订无 需公司董事会审议。 ●未来如果习水公司不能持续满足《特许经营协议》要求，将可能导致特许 经营权被终止或取消，从而使习水公司经营受到不利影响；若乡镇经济发展不 ...

每经AI快讯，8月8日，燃气板块短线拉升，洪通燃气四连板，长春燃气、新疆火炬、东方环宇、贵州 燃气、美能能源等纷纷走高。 （文章来源：每日经济新闻） ...

Core Viewpoint - Guizhou Gas has seen significant financing activity, with a net buy of 14.577 million yuan last week, indicating investor interest despite recent fluctuations in stock performance [1] Financing Activity - Last week, Guizhou Gas recorded a total financing buy of 50.6467 million yuan and repayment of 36.0696 million yuan [1] - The company ranked 492nd in terms of net financing buy across the market [1] Capital Flow - Over the past 5 days, the main capital inflow for Guizhou Gas was 7.3609 million yuan, with a price increase of 2.35% [1] - In the last 10 days, there was a capital outflow of 14.2999 million yuan, resulting in a price decrease of 1.77% [1] Company Overview - Guizhou Gas Group Co., Ltd. was established in 2003 and is based in Guiyang, primarily engaged in gas production and supply [1] - The company has a registered capital of 11.38185027 billion yuan and a paid-in capital of 6.65 billion yuan [1] - The legal representative of the company is Cheng Yuedong [1] Investment and Intellectual Property - Guizhou Gas has invested in 49 companies and participated in 1,095 bidding projects [1] - The company holds 5 trademark registrations and 3 patents, along with 96 administrative licenses [1]

Core Viewpoint - Guizhou Gas reported a slight decline in stock price on July 29, indicating a minor market fluctuation while emphasizing its commitment to enhancing core competitiveness and sustainable development [1] Company Overview - Guizhou Gas primarily engages in urban gas operation, including natural gas sales and gas engineering installation, serving as a significant gas supplier in multiple regions of Guizhou Province [1] - As of July 29, the stock price closed at 6.96 yuan, down by 0.02 yuan, reflecting a decrease of 0.29% [1] - The trading volume on the same day was 75,553 hands, with a transaction value of 0.52 billion yuan [1] Financial Insights - On July 29, the net outflow of main funds was 2.196 million yuan, accounting for 0.03% of the circulating market value [1] Strategic Direction - The company stated on its investor interaction platform that it has not yet formulated any share repurchase plans and will focus on strategic goals to enhance production and operational capabilities [1]

重要提示： 贵州燃气集团股份有限公司（以下简称"贵州燃气"或"公司"）于 2025 年 4 月 9 日披露的《贵州燃气集团股份有限公司发行股份购买资产并募集配套资 金暨关联交易预案》（以下简称"本次交易预案"）及其摘要中已对本次交易涉及 的有关风险因素及尚需履行的审批程序进行了详细说明，公司将根据相关事项的 进展情况，及时履行信息披露义务，提请广大投资者关注后续进展公告并注意投 资风险。 截至本公告披露日，除本次交易预案披露的风险因素外，公司尚未发现 可能导致公司董事会或者交易对方撤销、中止本次交易或者对本次交易方案作出 实质性变更的相关事项。本次交易相关工作正在有序推进中，公司将根据相关事 项的进展情况，及时履行信息披露义务。 一、本次交易概述 贵州燃气拟向贵州乌江能源投资有限公司、贵州省新动能产业发展基金合伙 企业（有限合伙）、贵州省新型工业化发展股权投资基金合伙企业（有限合伙） 发行股份购买其持有的贵州页岩气勘探开发有限责任公司（以下简称"贵州页岩 气"或"标的公司"）100%股权，并向不超过 35 名符合条件的特定投资者发行股 份募集配套资金（以下简称"本次交易"）。本次交易构成关联交易，预计不构成 ...

Group 1 - Oumei Medical (002950.SZ) shareholder Chen Haohua reduced holdings by 4.214 million shares, accounting for 0.67% of total shares, bringing his stake down to 10.87% [1] - Bestar (300822.SZ) shareholders plan to reduce holdings by up to 9.298731 million shares, representing 3% of total shares, within three months after 15 trading days [1] - Boying Special Welding (301468.SZ) shareholder Shenzhen Zhanxing Fund has reduced holdings by 2.616 million shares, accounting for 1.98% of total shares, since the disclosure of the reduction plan [1] Group 2 - Guizhou Gas (600903.SH) shareholders plan to reduce holdings by up to 34.5 million shares, representing 3% of total shares, within three months after 15 trading days [2] - Guotai Group (603977.SH) controlling shareholder has reduced holdings by 1.652 million shares, accounting for 0.266% of total shares, with the reduction plan completed [2] - Hongjing Technology (301396.SZ) directors plan to reduce holdings by up to 1.535 million shares, each accounting for 1% of total shares, within three months after 15 trading days [2] Group 3 - Huazhong Group (301027.SZ) senior management plans to reduce holdings by up to 32.8 million shares, 600,000 shares, 150,000 shares, and 500,000 shares respectively within three months after 15 trading days [1][2] - Mingyang Electric (301291.SZ) shareholders have completed a reduction of 3.23 million shares, accounting for 1.03% of total shares, with one shareholder required to buy back shares due to price issues [4] - Olin Bio (688319.SH) controlling shareholder plans to reduce holdings by up to 12.178 million shares, representing 3% of total shares, within three months after 15 trading days [5] Group 4 - Xinhai Technology (688595.SH) repurchase account reduced holdings by 1.071844 million shares, accounting for 0.75% of total shares, with the reduction plan completed [7] - Zhonghua Rock and Soil (002542.SZ) director Wang Hao completed a reduction of 500,000 shares, accounting for 0.0277% of total shares [8] - Zhongze Special Materials (300963.SZ) shareholder Shanghai Dunjia plans to reduce holdings by up to 8.0885 million shares, representing 1.76% of total shares, within three months after 15 trading days [9]

Core Viewpoint - Several companies have announced significant investments, acquisitions, and strategic partnerships, indicating a trend of expansion and diversification in various sectors, including technology, energy, and manufacturing [3][4][15][26]. Group 1: Investments and Acquisitions - Guizhou Moutai plans to establish a research institute with its controlling shareholder, contributing a total of 10 billion yuan in registered capital, with Moutai contributing 4.9 billion yuan for a 49% stake [3]. - GoerTek intends to acquire 100% of Hong Kong Mia and Changhong Limited for approximately 104 billion HKD (around 95 billion yuan), enhancing its capabilities in precision metal components [4][5]. - China Nuclear Power is set to invest 1 billion yuan in China Fusion Energy Company, aiming to strategically position itself in the nuclear fusion energy sector [15]. - Hunan YN plans to invest approximately 9.5 billion yuan in a lithium battery cathode material project in Malaysia, enhancing its market presence in Southeast Asia [16]. - Tianrun Industrial proposes to acquire 100% of Shandong Altai for 135 million yuan, focusing on automotive lightweight components [18]. - Kema Technology aims to purchase 73% of Suzhou Kaixin Semiconductor for 102 million yuan, expanding its product offerings in silicon carbide materials [24]. Group 2: Project Developments - Sichuan Chengyu is part of a consortium that has been pre-selected for the G5 Jingkun Expressway expansion project, with an estimated total investment of 285.48 billion yuan, where the company plans to contribute approximately 49.02 billion yuan [8]. - Zhejiang Fu Holdings' subsidiary is involved in the research and development of large-scale hydropower generator sets, with a focus on the Yarlung Tsangpo River downstream hydropower project [6]. Group 3: Financial Performance - Anfu Technology reported a net profit of 107 million yuan for the first half of 2025, marking a 14.38% increase year-on-year, driven by overseas alkaline battery business expansion [26]. - Jieput's net profit is expected to increase by 57.03% to 82.6% in the first half of 2025, benefiting from rising global laser demand [27]. - Microelectrophysiology anticipates a net profit increase of 76.34% to 105.73% for the same period, attributed to successful product launches in the cardiac electrophysiology field [29]. - Jiangling Motors reported a net profit of 733 million yuan for the first half of 2025, a decline of 18.17% year-on-year, despite a slight revenue increase [30].