证券代码：600995 证券简称： 南网储能 编号：2025-58 南方电网储能股份有限公司 第八届董事会第三十五次会议决议公告 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 南方电网储能股份有限公司（以下简称"公司"）第八届董事会 第三十五次会议通知和材料于2025年10月17日以书面送达及电子邮 件方式发出，会议于2025年10月28日在广州以现场及视频通讯相结合 的方式召开。本次会议应出席董事9名，实际出席董事9名，刘国刚、 李定林、范晓东、张昆、杨璐、鄢永昌6位董事现场出席，杜云辉、 胡继晔2位董事以视频方式出席，独立董事陈启卷书面委托独立董事 胡继晔代为出席会议并表决。会议由刘国刚董事长主持。公司部分高 级管理人员列席了会议。根据《公司法》和《公司章程》等有关规定， 本次会议合法、有效。 本议案尚需提交公司股东会审议。 《南方电网储能股份有限公司关于变更会计师事务所的公告》详 1 见上海证券交易所网站（http://www.sse.com.cn）。 (二)审议通过了关于《公司 2025 年第 ...

Group 1 - The core point of the article is that Nanfang Energy Storage announced a board meeting to discuss the change of accounting firm and provided details on its revenue composition for 2024 [1] - Nanfang Energy Storage's revenue for 2024 is primarily derived from the power generation industry, accounting for 98.13% of total revenue, with other businesses contributing 1.45% and other industries 0.42% [1] - As of the report, Nanfang Energy Storage has a market capitalization of 40.2 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a new "slow bull" pattern [1]

Financial Performance - The company's operating revenue for the third quarter reached ¥2,019,295,627.70, representing a year-on-year increase of 25.59%[4] - The total profit for the third quarter was ¥929,867,994.36, reflecting a significant year-on-year growth of 49.47%[4] - The net profit attributable to shareholders for the third quarter was ¥600,828,449.30, which is an increase of 43.41% compared to the same period last year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses for the third quarter was ¥593,009,303.25, up by 39.95% year-on-year[4] - The basic earnings per share for the third quarter was ¥0.19, marking a 46.15% increase compared to the same period last year[5] - Total operating revenue for the first three quarters of 2025 reached CNY 5,319,830,922.96, an increase of 17.7% compared to CNY 4,519,028,579.88 in the same period of 2024[20] - Operating profit for the first three quarters of 2025 was CNY 2,196,172,602.28, up 34.0% from CNY 1,639,300,107.18 in the first three quarters of 2024[21] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 1,433,272,786.84, representing a 37.1% increase from CNY 1,045,172,249.69 in the same period of 2024[21] - The company reported a total comprehensive income of CNY 1,717,260,963.68 for the first three quarters of 2025, compared to CNY 1,284,199,574.14 in the same period of 2024[21] Assets and Liabilities - The total assets at the end of the reporting period amounted to ¥56,201,939,604.18, an increase of 11.36% from the end of the previous year[5] - The equity attributable to shareholders at the end of the reporting period was ¥22,420,987,808.46, which is a 5.04% increase compared to the end of the previous year[5] - The total liabilities decreased from RMB 3,047,217,927.88 to RMB 2,260,169,385.90, a reduction of approximately 26%[17] - The total liabilities increased to CNY 29,947,539,276.01 in 2025 from CNY 25,520,994,048.89 in 2024, reflecting a growth of 17.0%[18] - Total non-current liabilities rose to CNY 27,687,369,890.11 in 2025, compared to CNY 22,473,776,121.01 in 2024, marking an increase of 23.2%[18] - The company's total liabilities increased to ¥8,489,549,959.71 from ¥4,705,862,003.90, marking an increase of 80.0%[30] Cash Flow - The net cash flow from operating activities for the year-to-date period was ¥3,322,964,025.70, reflecting an increase of 11.26%[5] - Operating cash flow for the first three quarters of 2025 reached ¥3,322,964,025.70, an increase of 11.3% compared to ¥2,986,644,168.21 in the same period of 2024[25] - Total cash inflow from operating activities was ¥5,841,323,755.76, up from ¥5,071,471,092.67 year-on-year, reflecting a growth of 15.2%[25] - Cash inflow from financing activities totaled ¥6,211,145,675.30, a decrease from ¥6,787,514,000.00 in the previous year, indicating a decline of 8.5%[26] - The company reported a net increase in cash and cash equivalents of ¥1,843,070,272.67 for the first three quarters of 2025, compared to ¥1,512,137,248.95 in the same period of 2024, reflecting a growth of 22.0%[26] Investments and R&D - Research and development expenses increased to CNY 28,001,623.73 in 2025, compared to CNY 13,305,150.31 in 2024, indicating a significant investment in innovation[20] - The company’s long-term equity investments rose to RMB 527,896,776.62 from RMB 501,041,468.24, indicating a growth of approximately 5.4%[16] - The company’s total revenue from new product development and market expansion strategies is expected to contribute significantly to future earnings, although specific figures were not disclosed in the conference call[16] - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[36] Shareholder Activities - The company’s major shareholder, China Southern Power Grid Co., Ltd., increased its stake by acquiring 20,068,001 shares, representing 0.63% of the total issued shares, with a total investment of RMB 201,104,697.50[14] - The company plans to increase its A-share holdings by no less than RMB 200 million and no more than RMB 400 million within a six-month period starting from April 9, 2025[13]

Core Insights - The company reported a net profit attributable to shareholders of 601 million yuan for the third quarter of 2025, representing a year-on-year increase of 43.41% [1] Financial Performance - The net profit for the third quarter of 2025 was 601 million yuan [1] - This figure indicates a significant growth of 43.41% compared to the same period last year [1]

Core Viewpoint - The stock of Southern Power Grid Energy has experienced fluctuations, with a recent decline of 2.03%, while the company shows a year-to-date increase of 25.49% in stock price [1] Financial Performance - For the period from January to June 2025, Southern Power Grid Energy reported a revenue of 3.301 billion yuan, representing a year-on-year growth of 13.38%, and a net profit attributable to shareholders of 832 million yuan, reflecting a year-on-year increase of 32.93% [2] Shareholder Information - As of October 10, the number of shareholders for Southern Power Grid Energy reached 48,400, an increase of 5.22% from the previous period, while the average circulating shares per person decreased by 4.96% to 66,075 shares [2] Business Overview - Southern Power Grid Energy, established on December 29, 1997, and listed on June 15, 2004, is primarily engaged in the development, investment, construction, and operation of pumped storage, peak regulation hydropower, and grid-side independent energy storage [1] - The company's main revenue sources are: pumped storage (66.22%), peak regulation hydropower (26.73%), new energy storage (5.38%), other services (1.01%), and technical services (0.66%) [1] Dividend Information - Since its A-share listing, Southern Power Grid Energy has distributed a total of 1.622 billion yuan in dividends, with 930 million yuan distributed over the past three years [3]

Core Viewpoint - The stock of Southern Power Grid Energy has experienced fluctuations, with a recent decline of 2.07%, while the company shows a year-to-date increase of 22.99% in stock price [1] Financial Performance - For the period from January to June 2025, Southern Power Grid Energy reported a revenue of 3.301 billion yuan, representing a year-on-year growth of 13.38%, and a net profit attributable to shareholders of 832 million yuan, reflecting a year-on-year increase of 32.93% [2] Shareholder Information - As of October 10, the number of shareholders for Southern Power Grid Energy reached 48,400, an increase of 5.22% from the previous period, while the average circulating shares per person decreased by 4.96% to 66,075 shares [2] Dividend Distribution - Since its A-share listing, Southern Power Grid Energy has distributed a total of 1.622 billion yuan in dividends, with 930 million yuan distributed over the past three years [3] Business Overview - Southern Power Grid Energy, established on December 29, 1997, and listed on June 15, 2004, is primarily engaged in pumped storage, peak regulation hydropower, and independent energy storage business development, investment, construction, and operation [1] - The company's revenue composition includes 66.22% from pumped storage, 26.73% from peak regulation hydropower, 5.38% from new energy storage, 1.01% from other services, and 0.66% from technical services [1]

南方电网储能股份有限公司 投资者关系管理办法 第一章 总 则 第一条 为规范南方电网储能股份有限公司（以下简称 "公司"）投资者关系管理工作，加强公司与投资者之间的 有效沟通，促进公司完善治理，提高公司发展质量，切实保 护投资者特别是中小投资者合法权益，依据《公司法》《证 券法》、中国证监会《上市公司投资者关系管理工作指引》、 《上海证券交易所股票上市规则》《上海证券交易所上市公 司自律监管指引第 1 号—规范运作》等法律法规、规范性文 件及《南方电网储能股份有限公司章程》（以下简称《公司 章程》）的有关规定，结合公司实际情况，制定本办法。 第二条 投资者关系管理是指公司通过便利股东权利 行使、信息披露、互动交流和诉求处理等工作，加强与投资 者及潜在投资者之间的沟通，增进投资者对公司的了解和认 同，以提升公司治理水平和企业整体价值，实现尊重投资者、 回报投资者、保护投资者目的的相关活动。 第三条 本办法适用于公司本部、直属机构及所属各单 位，所属各单位无需制定承接制度。 第二章 投资者关系管理的原则和目的 第四条 投资者关系管理的基本原则是： （一）合规性原则。公司投资者关系管理应当在依法履 1 行信息披露义 ...

南方电网储能股份有限公司 董事、高级管理人员所持本公司 股份及变动管理细则 第一章 总 则 第一条 为加强对南方电网储能股份有限公司（以下简 称"公司"或"本公司"）董事、高级管理人员所持本公司 股份及其变动的管理，维护证券市场秩序，依据《公司法》 《证券法》、中国证监会《上市公司董事和高级管理人员所 持本公司股份及其变动管理规则》《上海证券交易所上市公 司自律监管指引第 8 号—股份变动管理》《上海证券交易所 上市公司自律监管指引第 15 号—股东及董事、高级管理人 员减持股份》等法律法规、规范性文件及《南方电网储能股 份有限公司章程》（以下简称《公司章程》）的有关规定， 制定本细则。 （三）董事、高级管理人员因涉嫌与公司有关的证券期 货违法犯罪，被中国证监会立案调查或者被司法机关立案侦 查，或者被行政处罚、判处刑罚未满六个月的； 第二条 公司董事和高级管理人员所持本公司股份，是 指登记在其名下和利用他人账户持有的所有本公司股份。 公司董事、高级管理人员从事融资融券交易的，还包括 记载在其信用账户内的本公司股份。 第三条 公司董事、高级管理人员所持公司股份变动行 为应当遵守《公司法》《证券法》等有关法律法规 ...

南方电网储能股份有限公司 内幕信息知情人登记管理细则 第一章 总 则 第一条 为进一步规范南方电网储能股份有限公司（以 下简称"公司"）内幕信息管理，做好内幕信息保密工作， 维护公司信息披露的公平、公正，有效防范内幕交易等证券 违法违规行为，维护广大投资者的合法权益，依据《公司法》 《证券法》、中国证监会《上市公司信息披露管理办法》《上 市公司监管指引第 5 号——上市公司内幕信息知情人登记管 理制度》、《上海证券交易所股票上市规则》《上海证券交 易所上市公司自律监管指引第 2 号——信息披露事务管理》 等法律法规、规范性文件以及《南方电网储能股份有限公司 章程》（以下简称《公司章程》）的有关规定，结合公司实 际情况，制定本细则。 第二条 公司董事会应当按照中国证监会、上海证券交 易所相关规则以及本细则要求及时登记和报送内幕信息知 情人档案，并保证内幕信息知情人档案真实、准确和完整。 董事长为主要责任人，董事会秘书负责办理公司内幕信息知 情人的登记入档和报送事宜。董事长与董事会秘书应当对内 幕信息知情人档案的真实、准确和完整签署书面确认意见。 公司董事会办公室具体负责公司内幕信息的日常管理，具体 负责公司内幕 ...

南方电网储能股份有限公司 独立董事工作规则 第一章 总 则 第三条 公司董事会成员中应当至少包括三分之一独 立董事。 第四条 公司董事会下设的审计委员会、提名委员会、 薪酬与考核委员会中独立董事应占多数，并担任召集人。审 1 计委员会中至少应有 1 名独立董事是会计专业人士并担任召 集人。 第五条 独立董事对公司及全体股东负有忠实与勤勉 义务，应当按照法律法规、中国证监会规定、上海证券交易 所业务规则和《公司章程》的规定，认真履行职责，在董事 会中发挥参与决策、监督制衡、专业咨询作用，维护公司整 体利益，保护中小股东合法权益。 第二章 独立董事的任职条件 第一条 为进一步规范南方电网储能股份有限公司（以 下简称"公司"）的法人治理结构，促进公司规范运作，充 分发挥独立董事在公司治理中的作用，促进公司独立董事履 职尽责，依据《公司法》《证券法》、中国证监会《上市公 司独立董事管理办法》（以下简称《管理办法》）、《上海 证券交易所股票上市规则》（以下简称《上市规则》）、《上 海证券交易所上市公司自律监管指引第 1 号--规范运作》（以 下简称《规范运作》）等法律法规、规范性文件和《南方电 网储能股份有限公司章程》 ...