Core Viewpoint - Xintian Green Energy Co., Ltd. is a leading clean energy supplier in China, primarily engaged in natural gas sales and wind power generation, with a full industry chain advantage [1] Group 1: Business Overview - The company was established on February 9, 2010, and listed on the Shanghai Stock Exchange on June 29, 2020 [1] - Xintian Green Energy's main business segments include natural gas sales, wind power, solar energy, and other services such as equipment leasing [1] - The company operates in the public utility sector, specifically in electricity and wind power generation, focusing on clean energy and green electricity concepts [1] Group 2: Financial Performance - In Q3 2025, Xintian Green Energy achieved a revenue of 14.445 billion yuan, ranking 4th in the industry, surpassing the industry average of 7.721 billion yuan [2] - The revenue breakdown shows that natural gas sales contributed 7.355 billion yuan (67.46%), while wind and solar power generation accounted for 3.367 billion yuan (30.88%) [2] - The net profit for the same period was 1.75 billion yuan, also ranking 4th in the industry, slightly below the industry average of 1.775 billion yuan [2] Group 3: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 65.70%, down from 67.57% year-on-year but still above the industry average of 60.48% [3] - The gross profit margin was 20.64%, an increase from 19.91% year-on-year, yet lower than the industry average of 42.94% [3] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 1.74% to 38,100, with an average holding of 61,600 circulating A-shares, a decrease of 1.71% [5] - Notable shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with changes in their holdings compared to the previous period [5] Group 5: Future Outlook - Guosheng Securities projects revenues of 23.977 billion yuan, 27.268 billion yuan, and 30.024 billion yuan for 2025 to 2027, with corresponding net profits of 2.330 billion yuan, 2.698 billion yuan, and 3.084 billion yuan [6] - The company is expected to maintain a high dividend payout, reflecting a strong shareholder return policy [6] - CICC maintains its 2025 profit forecast while adjusting the 2026 net profit down by 12.9% to 2.498 billion yuan, with target prices set for both A-shares and H-shares [7]

10月30日，新天绿能发布2025年三季报。报告显示，公司前三季度营业收入为144.45亿元，同比下降 8.51%；归母净利润为15.59亿元，同比增长4.23%；扣非归母净利润为15.37亿元，同比增长4.05%；基 本每股收益0.37元。 报告期内，新天绿能基本每股收益为0.37元，加权平均净资产收益率为6.98%。 以10月30日收盘价计算，新天绿能目前市盈率（TTM）约为20.21倍，市净率（LF）约为1.41倍，市销 率（TTM）约为1.66倍。 筹码集中度方面，截至2025年三季度末，公司股东总户数为3.92万户，较上半年末增加了637户，增幅 1.65%；户均持股市值由上半年末的84.17万元下降至82.59万元，降幅为1.88%。 资料显示，新天绿色能源股份有限公司位于河北省石家庄市裕华西路9号裕园广场A座,香港尖沙咀海港 城英国保诚保险大厦2104-05，成立日期2010年2月9日，上市日期2020年6月29日，公司主营业务涉及新 天绿色能源股份有限公司是一家主要从事天然气销售和风力发电的公司。该公司经营三个分部。天然气 分部向城市燃气公司和工业客户销售天然气和天然气用具。该分部同时从事天然 ...

证券代码：600956 证券简称：新天绿能 公告编号：2025-059 新天绿色能源股份有限公司 2025 年第三季度主要经营数据公告 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。 根据公司初步统计，2025 年第三季度，本公司及子公司按合并报表口径完 成发电量 2,517,642.22 兆瓦时，同比增加 9.20%；完成上网电量 2,446,416.10 兆 瓦时，同比增加 9.14%。截至 2025 年 9 月 30 日，累计完成发电量 10,767,861.16 兆瓦时，同比增加 9.47%；累计完成上网电量 10,506,452.82 兆瓦时，同比增加 9.47%。2025 年 1-9 月，公司平均上网电价（不含税）为 0.41 元/千瓦时，较去 年同期下降 5.44%；公司市场化交易电量 6,168,236.40 兆瓦时，交易电量占比 58.71%，同比增加 21.49 个百分点。 | 地区 | 发电量 | | | | | --- | --- | --- | --- | --- | | 2025 | 年三季度 | ...

证券代码：600956 证券简称：新天绿能 公告编号：2025-060 新天绿色能源股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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： 会议召开时间：2025 年 11 月 05 日(星期三) 上午 10:00-11:00 会议召开地点：上证路演中心北方基地（北京市海淀区高粱桥斜街 42 号 融汇国际大厦 5 层）（网址：http://roadshow.sseinfo.com/） 会议召开方式：现场交流、视频直播结合网络互动 投资者可于 2025 年 11 月 05 日上午 10:00-11:00 到上证路演中心北方基地 （北京市海淀区高粱桥斜街 42 号融汇国际大厦 5 层）现场参与本次业绩说明会。 如有意向现场参会，请于 11 月 04 日前与公司联系。 投资者可于 2025 年 10 月 29 日(星期三)至 11 月 04 日(星期二)16:00 前登录 上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱ir@suntien.com 进 行 ...

证券代码：600956 证券简称：新天绿能 公告编号：2025-058 新天绿色能源股份有限公司 第六届董事会第二次会议决议公告 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。 新天绿色能源股份有限公司（以下简称"公司"或"本公司"）第六届董事会 第二次会议于 2025 年 10 月 30 日以通讯方式召开。会议通知于 2025 年 10 月 16 日以电子邮件等方式送达全体董事。本次会议应到董事 11 名，实到董事 11 名。 会议由董事长曹欣先生召集并主持。本次会议的召开符合《公司法》和《公司章 程》的有关规定，会议决议合法有效。 经过有效表决，本次会议审议通过了以下议案： 一、审议通过了《关于审议本公司 2025 年第三季度报告的议案》 本议案已经公司董事会审计委员会审议通过，审计委员会认为：公司 2025 年第三季度报告真实反映了公司 2025 年第三季度的财务状况和经营成果，编制 程序符合相关法律法规、中国证券监督管理委员会和上海证券交易所的相关规定， 报告内容真实、准确、完整，不存在虚假记载、误导性陈述或重大遗漏， ...

Core Insights - The company reported a significant increase in power generation and grid-connected electricity for Q3 2025, with generation reaching 2.5176 million MWh, a year-on-year increase of 9.20% [1] - The average grid-connected electricity price (excluding tax) decreased by 5.44% to 0.41 yuan per kWh compared to the same period last year [1] Power Generation and Electricity Sales - For Q3 2025, the company achieved a total power generation of 2.5176 million MWh, up 9.20% year-on-year [1] - The total grid-connected electricity reached 2.4464 million MWh, reflecting a 9.14% increase year-on-year [1] - Cumulatively, as of September 30, 2025, the total power generation was 10.7679 million MWh, an increase of 9.47% year-on-year [1] - Cumulative grid-connected electricity was 10.5065 million MWh, also up 9.47% year-on-year [1] - Market-based electricity trading volume was 6.1682 million MWh, with a trading volume share of 58.71%, an increase of 21.49 percentage points year-on-year [1] Gas Sales and Transportation - In Q3 2025, the company reported a total gas sales volume of 1.068 billion cubic meters, a decrease of 5.25% year-on-year [1] - The sales volume of gas was 944 million cubic meters, showing a slight increase of 0.94% year-on-year [1] - The volume of gas transportation was 124 million cubic meters, which decreased by 35.39% year-on-year [1] - Cumulatively, as of September 30, 2025, the total gas sales volume was 3.882 billion cubic meters, down 14.12% year-on-year [1] - The cumulative sales volume of gas was 3.521 billion cubic meters, a decrease of 10.90% year-on-year [1] - The cumulative gas transportation volume was 361 million cubic meters, reflecting a decrease of 36.57% year-on-year [1]

Core Viewpoint - New Tian Green Energy (00956) reported a decrease in revenue for the first three quarters of 2025, while net profit showed a modest increase [1] Financial Performance - Revenue for the first three quarters was approximately 14.445 billion yuan, representing a year-on-year decrease of 8.51% [1] - Net profit attributable to shareholders was about 1.559 billion yuan, reflecting a year-on-year growth of 4.23% [1] - Basic earnings per share stood at 0.37 yuan [1]

Core Insights - The company reported a net profit attributable to shareholders of approximately 1.56 billion yuan, representing a year-on-year increase of 4.23% [1] - The operating revenue for the first three quarters was approximately 14.45 billion yuan, showing a year-on-year decrease of 8.51% [1] - The basic earnings per share stood at 0.37 yuan [1]

Core Insights - The company reported a significant increase in power generation and grid-connected electricity for Q3 2025, with generation reaching 2.5176 million MWh, a year-on-year increase of 9.20% [1] - The average grid-connected electricity price (excluding tax) for the first nine months of 2025 was 0.41 yuan per kWh, a decrease of 5.44% compared to the same period last year [1] - The company experienced a decline in gas transmission and sales volume for Q3 2025, with total gas sales at 1.068 billion cubic meters, a year-on-year decrease of 5.25% [1] Power Generation and Electricity Sales - For Q3 2025, the company achieved a total power generation of 2.5176 million MWh, up 9.20% year-on-year [1] - The total grid-connected electricity for the same period was 2.4464 million MWh, reflecting a 9.14% increase year-on-year [1] - Cumulative power generation as of September 30, 2025, reached 10.7679 million MWh, a 9.47% increase year-on-year [1] - Cumulative grid-connected electricity was 10.5065 million MWh, also up 9.47% year-on-year [1] - Market-based electricity trading volume was 6.1682 million MWh, with a trading volume share of 58.71%, an increase of 21.49 percentage points year-on-year [1] Gas Transmission and Sales - In Q3 2025, the company completed gas transmission and sales of 1.068 billion cubic meters, down 5.25% year-on-year [1] - Total gas sales for the period were 944 million cubic meters, a slight increase of 0.94% year-on-year [1] - Cumulative gas transmission and sales volume as of September 30, 2025, was 3.882 billion cubic meters, a decrease of 14.12% year-on-year [1] - Cumulative gas sales were 3.521 billion cubic meters, down 10.90% year-on-year [1] - Cumulative gas transmission volume was 361 million cubic meters, reflecting a decrease of 36.57% year-on-year [1]

Core Viewpoint - New天绿色能源 reported a significant increase in power generation and grid-connected electricity for Q3 2025, while gas sales showed a decline in volume [1] Group 1: Power Generation and Electricity Sales - In Q3 2025, the company achieved a power generation of 2.5176 million MWh, representing a year-on-year increase of 9.20% [1] - The grid-connected electricity reached 2.4464 million MWh, also reflecting a year-on-year increase of 9.14% [1] - Cumulatively, as of September 30, 2025, the total power generation was 10.7679 million MWh, up 9.47% year-on-year [1] - The cumulative grid-connected electricity was 10.5065 million MWh, showing a year-on-year increase of 9.47% [1] - The average grid-connected electricity price (excluding tax) for January to September 2025 was 0.41 CNY/kWh, a decrease of 5.44% compared to the same period last year [1] - Market-based electricity trading volume was 6.1682 million MWh, with a trading volume share of 58.71%, an increase of 21.49 percentage points year-on-year [1] Group 2: Gas Sales and Transportation - In Q3 2025, the company completed gas sales of 106,761.11 million cubic meters, a year-on-year decrease of 5.25% [1] - The gas sales volume was 94,351.94 million cubic meters, which is a slight increase of 0.94% year-on-year [1] - The gas transportation volume was 12,409.18 million cubic meters, showing a significant year-on-year decrease of 35.39% [1] - Cumulatively, as of September 30, 2025, the total gas sales volume was 388,174.34 million cubic meters, down 14.12% year-on-year [1] - The cumulative gas sales volume was 352,115.43 million cubic meters, reflecting a year-on-year decrease of 10.90% [1] - The cumulative gas transportation volume was 36,058.91 million cubic meters, which is a decrease of 36.57% year-on-year [1]