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]

Group 1 - The core point of the article is that Guizhou Gas announced that its major shareholder, Guiyang Industrial Investment, has renewed the pledge of part of its shares without involving new financing [2] - Guiyang Industrial Investment pledged 39,000,000 shares, which accounts for 17.32% of its total holdings and 3.39% of the company's total share capital [2]

Group 1 - Guizhou Gas announced that Guizhou Industrial Investment Co., Ltd. holds approximately 225 million shares of Guizhou Gas Group, accounting for 19.58% of the total share capital [1] - After the recent share pledge, Guizhou Industrial Investment has pledged a total of 94.5 million shares, which represents 41.97% of its holdings and 8.22% of the total share capital [1] - For the first half of 2025, Guizhou Gas's revenue composition shows that natural gas sales account for 98.31%, other businesses for 1.38%, and comprehensive energy supply and services for 0.3% [1] Group 2 - As of the report date, Guizhou Gas has a market capitalization of 8 billion yuan [1]

贵州燃气集团股份有限公司 简式权益变动报告书 信息披露义务人：贵州乌江能源集团有限责任公司 住所/通信地址：贵州省贵阳国家高新区高科一号 A 栋 9 楼 权益变动性质：股份减少（吸收合并） 签署日期：2025 年 9 月 8 日 上市公司：贵州燃气集团股份有限公司 上市地点：上海证券交易所 股票简称：贵州燃气 股票代码：600903 贵州燃气集团股份有限公司简式权益变动报告书 信息披露义务人声明 本部分所述词语或简称与本报告书"释义"所述词语或简称具有相同含义。 一、本报告书依据《中华人民共和国证券法》《上市公司收购管理办法》《公开 发行证券的公司信息披露内容与格式准则第 15 号——权益变动报告书》及其他相关 法律、法规和部门规章的有关规定编写。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违反信 息披露义务人章程及内部规定中的任何条款，或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》《公开发行证券 的公司信息披露内容与格式准则第 15 号——权益变动报告书》的规定，本报告书已 全面披露信息披露义务人在贵州燃气集团股份有限公司（以下简称"贵州燃气"或"上 市公司" ...

贵州燃气集团股份有限公司 详式权益变动报告书 上市公司名称：贵州燃气集团股份有限公司 股票上市地点：上海证券交易所 股票简称：贵州燃气 股票代码：600903 信息披露义务人：贵州能源集团有限公司 住所/通信地址：贵州省贵阳市观山湖区林城西路95号 权益变动性质：股份增加（间接方式受让） 签署日期：2025年9月8日 贵州燃气集团股份有限公司详式权益变动报告书 信息披露义务人声明 一、本报告书系根据《中华人民共和国公司法》《中华人民共和国证券法》 《上市公司收购管理办法》及《公开发行证券的公司信息披露内容与格式准则第 15号——权益变动报告书》《公开发行证券的公司信息披露内容与格式准则第16 号——上市公司收购报告书》及其他相关法律、法规编写。 二、截至本报告书签署之日，信息披露义务人签署本报告书已获得必要的授 权和批准，其履行亦不违反信息披露义务人公司章程或内部规则中的任何条款， 或与之相冲突。 三、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告书已全面披露了信息披露义务人在贵州燃气集团股份有限公司拥有权益的 股份。 截至本报告书签署之日，除本报告书披露的持股信息外，信息披露义务人没 ...