Group 1 - The core point of the article is that Ningbo Energy has announced the establishment of a wholly-owned subsidiary, Panjin Langchen New Energy Technology Co., Ltd., to undertake a near-zero carbon emission port area demonstration project at the Panjin Port in Liaoning [2] - The registered capital for Panjin Langchen is set at 24 million yuan [2] - This investment decision falls within the management's approval authority and does not require board or shareholder approval [2]

Core Viewpoint - Ningbo Energy (600982.SH) announced the establishment of a wholly-owned subsidiary, Panjin Langchen, to undertake a near-zero carbon emission port area demonstration project at the Panjin Port in Liaoning, with a registered capital of 24 million yuan [1] Group 1 - The investment is made through Ningbo Langchen New Energy Co., Ltd., a wholly-owned subsidiary of Ningbo Energy [1] - The project aims to promote near-zero carbon emissions in the port area, aligning with environmental sustainability goals [1] - The registered capital for Panjin Langchen is set at 24 million yuan, indicating a significant commitment to the project [1]

Core Viewpoint - Ningbo Energy (600982.SH) announced the establishment of a wholly-owned subsidiary, Panjin Langchen, to undertake a near-zero carbon emission port area demonstration project at Panjin Port in Liaoning Province, with a registered capital of 24 million yuan [1] Group 1 - The investment is made through Ningbo Langchen New Energy Co., Ltd., a wholly-owned subsidiary of Ningbo Energy [1] - The project aims to promote near-zero carbon emissions in the port area, aligning with environmental sustainability goals [1] - The registered capital for Panjin Langchen is set at 24 million yuan, indicating a significant commitment to the project [1]

Core Viewpoint - Ningbo Energy (600982.SH) announced the establishment of a wholly-owned subsidiary, Panjin Langchen, to undertake a near-zero carbon emission port demonstration project at the Panjin Port in Liaoning, with a registered capital of 24 million yuan [1] Group 1 - The investment is aimed at developing a near-zero carbon emission port area [1] - The registered capital for Panjin Langchen is set at 24 million yuan [1]

证券代码：600982 证券简称：宁波能源 公告编号：2025-066 债券代码:242520.SH 债券简称:GC 甬能 Y1 宁波能源集团股份有限公司 关于全资子公司对外投资设立全资子公司的公告 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： 本次对外投资事项在公司管理层审批权限范围内，无需提交董事会或 股东会审议。 风险提示：受宏观经济、行业政策和技术产能等因素影响，标的公司 未来经营情况存在一定不确定性。敬请广大投资者理性投资，注意投资风险。 一、对外投资概述 （一）本次交易概况 1、本次交易概况 公司全资子公司宁波朗辰新能源有限公司（以下简称"朗辰新能源"）对外 投资设立全资子公司盘锦朗辰，开展辽宁盘锦港码头近零碳排放港区示范工程项 目，盘锦朗辰注册资本金 2,400 万元。 投资标的名称：盘锦朗辰新能源科技有限公司（以下简称"盘锦朗辰"） 投资金额：注册资本 2,400 万元 | | ☑新设公司 | | --- | --- | | | □增资现有公司（□同比例 □非同比例） | | 投资类型 | - ...

Core Viewpoint - Ningbo Energy announced the establishment of a wholly-owned subsidiary, Panjin Langchen, with a registered capital of 24 million yuan to undertake a near-zero carbon emission port demonstration project at the Panjin Port in Liaoning [1] Group 1: Investment Details - The investment is made using the company's own funds and falls within the management's approval authority, thus does not require board or shareholder review [1] - The new subsidiary, Panjin Langchen, will primarily engage in power generation, solar, and wind power technology services [1] Group 2: Financial Implications - The investment will be included in the company's consolidated financial statements [1] - Future operational and investment returns from this project are subject to uncertainty due to various influencing factors [1]

Core Viewpoint - Ningbo Energy's stock has shown a positive trend with a year-to-date increase of 25.69%, reflecting strong market performance and investor interest [1][2]. Financial Performance - For the period from January to September 2025, Ningbo Energy reported a revenue of 2.696 billion yuan, a year-on-year decrease of 12.70%. However, the net profit attributable to shareholders increased by 22.53% to 242 million yuan [2]. - The company has distributed a total of 1.262 billion yuan in dividends since its A-share listing, with 486 million yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders for Ningbo Energy was 53,300, a decrease of 12.65% from the previous period. The average number of circulating shares per shareholder increased by 14.48% to 20,982 shares [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited holds 3.5791 million shares, an increase of 1.5875 million shares compared to the previous period [3]. Market Activity - On November 14, Ningbo Energy's stock price rose by 2.04%, reaching 4.99 yuan per share, with a trading volume of 37.7851 million yuan and a turnover rate of 0.68% [1]. - The net inflow of main funds was 3.0395 million yuan, with large orders accounting for 20.61% of purchases and 12.57% of sales [1].

Core Viewpoint - The company has signed a maximum guarantee contract with Agricultural Bank of China to provide a guarantee of up to 800 million yuan for its wholly-owned subsidiary's operational needs [1] Group 1: Guarantee Details - The guarantee covers the principal, interest, penalty interest, compound interest, liquidated damages, compensation for damages, and costs related to the realization of creditor's rights [1] - The guarantee is not backed by any counter-guarantee and falls within the approved external guarantee plan for 2025, thus no additional review procedures are required [1] Group 2: Financial Position - As of the announcement date, the total external guarantees provided by the company and its controlling subsidiaries amount to approximately 4.00 billion yuan, which represents 182.29% of the company's most recent audited net assets [1] - There are no overdue guarantees reported by the company [1]

Core Insights - The white paper titled "China's Actions on Carbon Peak and Carbon Neutrality" emphasizes the integration of source, grid, load, and storage (源网荷储) as a core trend for future power systems, enhancing the capacity to utilize renewable energy effectively [1][2][3] Industry Developments - The integration of source, grid, load, and storage is recognized for its ability to address the volatility and uncertainty of renewable energy through collaborative interaction among power sources, transmission capabilities, demand response, and flexible storage [2] - A series of national and local policies have been introduced to promote the development of integrated source, grid, load, and storage systems, including the "Action Plan for Accelerating the Construction of a New Power System (2024-2027)" [2] - Several projects, such as the new generation friendly green power station in Ulanqab and the smart energy innovation demonstration project in Haikou, have been launched, showcasing the practical implementation of these policies [2] Company Strategies - A-share listed companies are actively investing in integrated source, grid, load, and storage projects, leveraging their financial, technological, and resource advantages to support the construction of new power systems [4] - Weisheng Information Technology Co., Ltd. is focusing on AI and IoT technologies to enhance predictive capabilities and operational efficiency in the power grid [4] - Ningbo Energy is exploring integrated solutions for distributed solar power, storage, and smart microgrids, aiming to transition regional energy supply towards a carbon-integrated model [4] - Beijing Shuangjie Electric Co., Ltd. has initiated a project to build 400,000 kW of wind power and associated storage, ensuring stable and clean power supply through collaborative operation of source, grid, load, and storage [5] Recommendations for Companies - Companies should focus on technological innovation to overcome barriers in the integration of source, grid, load, and storage, particularly in energy storage batteries and smart scheduling systems [6] - Developing market opportunities through coupling new energy with core business and creating demonstration projects at the park level can enhance revenue [6] - Integrating industry chain resources and forming specialized teams will facilitate green transformation and growth in efficiency while ensuring compliance [6]

Core Points - Ningbo Energy announced an investment of 27.056 million yuan in its affiliate, Ningbo Yongde Environmental Development Co., Ltd., to maintain a 40% equity stake [2] - The board meeting held on October 22, 2025, approved the capital increase proposal [2] - The business registration changes related to this transaction have been completed, and the company's consolidated financial statements remain unchanged [2]