Company Overview - The company is named China Southern Power Grid Energy Storage Co., Ltd, abbreviated as CSGES, and is located at 29 Phoenix Road, Wenshan, Yunnan Province [3][5] - The registered capital of the company is RMB 3,196,005,805 [3][5] - The company was established as a joint-stock limited company approved by the Yunnan Provincial People's Government and registered with the Yunnan Provincial Market Supervision Administration [2][3] Corporate Governance - The company adheres to the principles of the Communist Party of China and establishes a party organization to ensure compliance with laws and regulations [4][5] - The company emphasizes the importance of legal governance, aiming to create a law-abiding and compliant corporate environment [4][5] - The company’s assets are divided into equal shares, and shareholders are liable for the company’s debts only to the extent of their subscribed shares [3][4] Business Objectives and Scope - The company's business objectives include compliance with national laws and policies, serving the goals of carbon peak and carbon neutrality, and becoming a leader in the energy storage industry [5][6] - The business scope includes hydropower generation, energy storage technology services, new energy technology research and development, and various engineering and technical services [6][7] Share Issuance and Capital Management - The company issues shares in the form of stocks, ensuring equal rights for all shares of the same category [7][8] - The total number of shares issued by the company is 3,196,005,805, all of which are ordinary shares [7][8] - The company can increase capital through various methods, including issuing shares to unspecified objects or existing shareholders [8][9] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, voting, and supervision of the company's operations [13][14] - Shareholders holding more than 5% of shares must report any pledges of their shares to the company [17][18] - The company’s shareholders are obligated to comply with laws and regulations and cannot withdraw their capital except as legally permitted [17][18] Shareholder Meetings - The company holds annual shareholder meetings within six months after the end of the fiscal year [52][53] - Shareholders holding more than 10% of shares can request a temporary shareholder meeting [56][57] - The company must provide adequate notice of meetings, including details on the agenda and voting procedures [66][67]

南方电网储能股份有限公司 章 程 2025 年 7 月 1 | 第一章 | 总 | 则 | 1 | | --- | --- | --- | --- | | 第二章 | | 经营宗旨和范围 | 2 | | 第三章 | 股 | 份 | 3 | | 第一节 | | 股份发行 | 3 | | 第二节 | | 股份增减和回购 | 4 | | 第三节 | | 股份转让 | 5 | | 第四章 | | 股东和股东会 | 6 | | 第一节 | | 股东的一般规定 | 6 | | 第二节 | | 控股股东和实际控制人 | 9 | | 第三节 | | 股东会的一般规定 | 11 | | 第四节 | | 股东会的召集 | 15 | | 第五节 | | 股东会的提案与通知 | 16 | | 第六节 | | 股东会的召开 | 18 | | 第七节 | | 股东会的表决和决议 | 21 | | 第五章 | 党 | 委 | 25 | | 第六章 | | 董事和董事会 | 27 | | 第一节 | | 董事的一般规定 | 27 | | 第二节 | | 独立董事 | 31 | | 第三节 | 董事会 | 36 | | | 第四节 | | 董 ...

北京浩天律师事务所 关于南方电网储能股份有限公司 2025 年第二次临时股东大会之法律意见书 致：南方电网储能股份有限公司 北京浩天律师事务所（以下简称"本所"）受南方电网储能股份有限公司（以下简 称"南网储能"或"公司"）委托，指派律师出席南网储能 2025 年第二次临时股东大会（以 下简称"本次股东大会"或"本次会议"），并就本次股东大会的召集、召开程序、 召集人和出席会议人员资格、表决程序、表决结果的有效性及合法性等事项发表法律 意见。 本所依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》《中国证券登记 结算有限责任公司上市公司股东大会网络投票业务实施细则》《上海证券交易所上市 公司自律监管指引第 1 号—规范运作》及中华人民共和国其他相关法律、法规、规章 及规范性文件（以下简称"中国法律"）以及南网储能《公司章程》之规定，出具本法 律意见书。 为出具本法律意见书，本所律师审查了南网储能提供的以下文件，包括： 5、南网储能于 2025 年 7 月 1 日在上海证券交易所网站公布的《南方电网储能股 份有限公司关于召开 20 ...

证券代码：600995 证券简称：南网储能 编号：2025-40 南方电网储能股份有限公司 2025年第二次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 7 月 18 日 (二)股东大会召开的地点：广东省广州市天河区龙口东路 32 号广东蓄能大厦 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 600 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,344,115,926 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 73.3451 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 会议由公司董事长刘国刚主持，会议采取现场投票与网络投票相结合的方式 进行表决，会议召开及表决的方式符合《公司法》和《公司章程》等有关规 ...

Core Insights - The Southern Power Grid Company reported a significant increase in the operational frequency of pumped storage power stations in the southern region, with over 24,000 starts in the first half of the year, marking a year-on-year growth of over 20% and setting a historical record [1][3] Group 1: Pumped Storage Operations - The seven pumped storage power stations in the southern region have a total of 34 units with a capacity of 10.28 million kilowatts, providing over 20 million kilowatts of regulation capacity, which has increased the power system's peak shaving and valley filling capability by nearly 10% [1] - In the first half of the year, these pumped storage stations collectively adjusted 12.11 billion kilowatt-hours of electricity, equivalent to the half-year electricity demand of over 11 million residential users [1] - The number of unit starts reached 24,827, reflecting a year-on-year increase of 24.1% [1] Group 2: Adaptation to Renewable Energy - The increasing penetration of renewable energy in the power system has raised the demand for more precise and flexible responses from pumped storage units, as renewable generation is characterized by randomness and intermittency [3] - The centralized control platform in Guangzhou manages 31 pumped storage units in the Guangdong-Hong Kong-Macao Greater Bay Area, with a control capacity of 2.4 million kilowatts per operator, which is 2 to 3 times that of traditional models [3] - The operational scenarios of pumped storage stations are evolving to adapt to local energy structure adjustments, such as the Qiongzhong pumped storage station in Hainan, which now operates in a mode that stores excess solar energy during the day and generates power at night [3] Group 3: Intelligent Operations - During the peak summer demand period, the pumped storage units are utilizing intelligent operation and maintenance strategies to enhance performance [4] - An AI data analysis platform has been implemented to monitor over 400,000 operational data points from the units, using more than 9,000 algorithms to diagnose the health status of the machines [4] - Since June, all 34 units have maintained a safe and reliable operational status, with a maximum daily adjustment capacity reaching 101 million kilowatt-hours, and a significant increase in operational frequency compared to the same period last year [4]

Core Viewpoint - Shenzhen aims to become a leading digital energy city by 2030, with the digital energy industry as a new pillar for economic growth [1] Group 1: Digital Energy Infrastructure - The first "light-storage supercharging + vehicle-network interaction + power harmony" demonstration station, located in the city center, has been established to meet the growing demand for electric vehicle charging [2][3] - The Lianhua Mountain Supercharging Station features 27 charging piles, capable of serving 46 vehicles simultaneously, with four supercharging piles offering a maximum power of 600 kW, enabling charging speeds of "one second per kilometer" [2][3] - The station has become a popular choice for electric vehicle owners, serving over 600 vehicles daily since its opening [2] Group 2: Vehicle-to-Grid (V2G) Interaction - The Lianhua Mountain Supercharging Station is equipped with 22 V2G charging piles, allowing vehicle owners to send electricity back to the grid, with a maximum discharge power of 2160 kW [3] - During a recent nationwide vehicle-network interaction event, the station achieved a discharge volume of 13,000 kWh, sufficient to meet the daily electricity needs of 1,600 households [3] - Vehicle owners can earn 4 yuan for each kWh sent back to the grid, creating a financial incentive for participation [3] Group 3: Digital Technology Integration - The station utilizes the "Power Harmony" IoT operating system to enhance management efficiency and quality across different types of vehicles and charging piles [4] - This system improves data interoperability and security for charging equipment, facilitating flexible and efficient resource scheduling [4] Group 4: Pumped Storage Power Station - The Shenzhen pumped storage power station, with a capacity of 1.2 million kW, is the first large-scale facility of its kind located in an urban center [7] - The station has adjusted over 20 billion kWh of electricity since its inception, equivalent to two months of electricity consumption in Shenzhen [7] - The facility has implemented AI data analysis for real-time monitoring and performance analysis, enhancing operational efficiency [7][8] Group 5: Future Developments - The integration of advanced monitoring technologies, such as the Beidou satellite navigation system, is being utilized for dam deformation monitoring, improving safety management [8] - The Southern Power Grid is accelerating the construction of nine large-scale power stations in the Guangdong-Hong Kong-Macao Greater Bay Area, with an investment of nearly 70 billion yuan, aimed at efficiently absorbing clean energy [8]

Core Viewpoint - The Shanghai Composite Index experienced a slight decline of 0.03% on July 16, with 14 out of 28 sectors showing gains, particularly in social services and automotive sectors, which rose by 1.13% and 1.07% respectively. Conversely, the steel and banking sectors faced declines of 1.28% and 0.74% respectively. The public utilities sector also saw a decrease of 0.20% [1]. Group 1: Public Utilities Sector Performance - The public utilities sector recorded a decline of 0.20% but had a net inflow of 28.23 billion yuan in main funds, with 71 out of 132 stocks in the sector rising, including one hitting the daily limit. A total of 50 stocks in this sector saw net inflows, with N Huaxin leading at 31.72 billion yuan [2]. - The top three stocks in the public utilities sector by net inflow were N Huaxin (125.79% increase), YN Energy (10.02% increase), and Mingxing Electric (3.30% increase) [2]. - The public utilities sector also had stocks with significant net outflows, with the top three being Xiexin Energy (-4.87%), Jingyuntong (-9.69%), and Nanshan Energy (-0.41%) [4]. Group 2: Fund Flow Analysis - The overall market saw a net outflow of 14.265 billion yuan, with 12 sectors experiencing net inflows. The public utilities sector led in net inflow despite its decline, followed by the pharmaceutical and biological sectors, which saw a 0.95% increase and a net inflow of 20.95 billion yuan [1]. - The telecommunications sector had the highest net outflow, totaling 4.019 billion yuan, followed by the electronics sector with a net outflow of 3.559 billion yuan [1].

证券代码：600995 证券简称：南网储能 编号：2025-39 二、调峰水电站经营数据 南方电网储能股份有限公司 2025年上半年部分经营数据公告 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。 根据上海证券交易所《上市公司自律监管指引第 3 号——行业信 息披露》等有关规定，现将南方电网储能股份有限公司 2025 年上半 年部分经营数据公告如下： 一、装机容量及发电行业主营业务收入 | 类型 | | | 装机容量（万千瓦） | | | | 发电行业主营业务收入（万元） | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 2025 | 年上半年 | 2024 | 年上半年 | 2025 | 年上半年 | 2024 年上半年 | 同比变动 | | 抽水蓄能 | | 1028 | | 1028 | 217,231.61 | | 204,273.06 | 6.34% | | 调峰水电 | | 203 | | 203 | 87,979.54 | | 71,4 ...

[Key Financial Data and Indicators](index=1&type=section&id=%E4%B8%80%E3%80%812025%E5%B9%B4%E5%8D%8A%E5%B9%B4%E5%BA%A6%E4%B8%BB%E8%A6%81%E8%B4%A2%E5%8A%A1%E6%95%B0%E6%8D%AE%E5%92%8C%E6%8C%87%E6%A0%87) The company reported robust H1 2025 performance, with total operating revenue up 12.77% to **CNY 3.283 billion** and net profit attributable to shareholders increasing 28.06% to **CNY 802 million** Key Financial Performance Indicators | Item | Current Period (2025H1) | Prior Period (2024H1) | Change (%) | | :--- | :--- | :--- | :--- | | **Total Operating Revenue (CNY)** | 3,282,965,800 | 2,911,153,200 | 12.77 | | **Operating Profit (CNY)** | 1,231,587,200 | 1,014,798,100 | 21.36 | | **Net Profit Attributable to Shareholders (CNY)** | 801,950,700 | 626,222,900 | 28.06 | | **Basic Earnings Per Share (CNY)** | 0.25 | 0.20 | 25.00 | | **Weighted Average Return on Net Assets (%)** | 3.69 | 2.97 | Increased by 0.72 percentage points | | **Item** | **End of Current Period** | **Beginning of Current Period** | **Change (%)** | | **Total Assets (CNY)** | 54,262,493,400 | 50,466,641,100 | 7.52 | | **Shareholders' Equity Attributable to the Parent Company (CNY)** | 21,961,646,100 | 21,344,550,200 | 2.89 | [Explanation of Operating Performance and Financial Position](index=2&type=section&id=%E4%BA%8C%E3%80%81%E7%BB%8F%E8%90%A5%E4%B8%9A%E7%BB%A9%E5%92%8C%E8%B4%A2%E5%8A%A1%E7%8A%B6%E5%86%B5%E6%83%85%E5%86%B5%E8%AF%B4%E6%98%8E) The company attributes its strong H1 2025 performance to robust core business operations, driven by increased water inflow at peak-shaving hydropower plants, leading to higher power generation, revenue, and profit - The primary driver of the company's performance growth was increased water inflow at peak-shaving hydropower plants, leading to a year-over-year increase in power generation[5](index=5&type=chunk) Summary of Key Financial Metrics | Financial Indicator | 2025 Semi-Annual Period | YoY/Vs. Beginning of Period Growth | | :--- | :--- | :--- | | Operating Revenue | 3.283 Billion CNY | +12.77% | | Net Profit Attributable to Parent | 802 Million CNY | +28.06% | | Total Assets | 54.262 Billion CNY | +7.52% | [Risk Warning](index=2&type=section&id=%E4%B8%89%E3%80%81%E9%A3%8E%E9%99%A9%E6%8F%90%E7%A4%BA) The company advises investors that the financial data in this announcement is unaudited preliminary data and may differ from the final audited figures in the 2025 semi-annual report, urging caution regarding investment risks - The data in this performance express report is preliminary and unaudited by an accounting firm; final figures will be based on the company's 2025 semi-annual report[2](index=2&type=chunk)[5](index=5&type=chunk)

Market Overview - The Shanghai Composite Index rose by 0.27% on July 14, with 21 out of 28 sectors experiencing gains. The leading sectors were machinery and public utilities, with increases of 1.23% and 1.04% respectively. Conversely, the real estate and media sectors saw declines of 1.29% and 1.24% [2]. Fund Flow Analysis - The net outflow of capital from the two markets was 38.111 billion yuan, with six sectors experiencing net inflows. The machinery sector led with a net inflow of 539 million yuan, followed by public utilities with a net inflow of 336 million yuan [2]. - A total of 25 sectors experienced net capital outflows, with the computer sector leading at 8.506 billion yuan, followed by the non-bank financial sector at 7.029 billion yuan. Other sectors with significant outflows included metals, electronics, and media [2]. Public Utilities Sector Performance - The public utilities sector saw a rise of 1.04%, with a total net inflow of 336 million yuan. Out of 131 stocks in this sector, 109 rose, and six hit the daily limit. There were 19 stocks that declined [3]. - Among the stocks with net inflows, seven had inflows exceeding 50 million yuan, with Jin控电力 leading at 180 million yuan, followed by 华电辽能 and 建投能源 with inflows of 140 million yuan and 86.605 million yuan respectively [3]. - The stocks with the highest net outflows included 南网储能, 国电电力, and 中国广核, with outflows of 61.156 million yuan, 56.419 million yuan, and 48.944 million yuan respectively [3][6]. Top Gainers in Public Utilities - The top gainers in the public utilities sector included: - 晋控电力: +9.87%, net inflow of 179.634 million yuan [4] - 华电辽能: +9.92%, net inflow of 139.675 million yuan [5] - 建投能源: +9.97%, net inflow of 86.605 million yuan [5] Top Losers in Public Utilities - The top losers in the public utilities sector included: - 南网储能: -1.09%, net outflow of 61.156 million yuan [6] - 国电电力: +0.42%, net outflow of 56.419 million yuan [6] - 中国广核: +1.36%, net outflow of 48.944 million yuan [6]