Core Insights - The "2025 China Energy Listed Companies Sustainable Development (ESG) Evaluation Report" was released during the second International Energy Sustainable Development (ESG) Forum, highlighting the sustainability performance of energy companies listed on major Chinese stock exchanges [1][2]. Group 1: Evaluation Methodology - The report utilized a scientific and systematic evaluation method based on ten key indicators, including greenhouse gas emission intensity and comprehensive energy consumption intensity, to assess 632 energy companies listed on the Shanghai, Shenzhen, Beijing, and Hong Kong stock exchanges [1]. - A total of 200 companies were selected for the ESG ranking, with 27 companies rated A, 145 rated BBB, and 52 rated BB [1]. Group 2: Notable Companies - The top three companies in the ESG evaluation were Changjiang Electric Power, South Network Energy Storage, and Xin'ao Energy, with South Network Energy Storage showing significant improvement, rising from a BBB rating to an A rating [1][2]. Group 3: Industry Trends - Companies that improved their rankings often disclosed their sustainable development reports for the first time or provided effective quantitative data, while those with declining rankings were primarily energy equipment companies facing issues like supply-demand mismatch and asset impairment due to technological upgrades [2]. - The report also identified challenges in ESG data disclosure, including a lack of standardization and low disclosure rates for key data [2]. Group 4: Future Monitoring - The China Energy Research Society plans to continue monitoring the ESG performance of energy companies to support their sustainable development and accelerate the transition to a green, low-carbon economy [2].

Core Insights - The pumped storage concept sector rose by 0.45%, ranking fifth among concept sectors, with 26 stocks increasing in value, including Guangdong Construction, Xiangdian Co., and Hangdian Co., which hit the daily limit [1] - Major gainers in the sector included Guangdong Construction with an increase of 10.05%, Xiangdian Co. at 9.99%, and South Network Storage at 8.38% [3][4] - The sector experienced a net outflow of 437 million yuan from main funds, with 22 stocks seeing net inflows, and Guangdong Construction leading with a net inflow of 196 million yuan [2][3] Sector Performance - The pumped storage concept sector had a daily increase of 0.45%, with notable stocks like Guangdong Construction, Xiangdian Co., and South Network Storage showing significant gains [1][2] - The sector's performance was contrasted by a net outflow of 437 million yuan, indicating a mixed sentiment among investors [2] Stock Highlights - Guangdong Construction led the net inflow with 196 million yuan, followed by Xiangdian Co. with 191 million yuan and South Network Storage with 113 million yuan [2][3] - The top three stocks by net inflow ratio were Guangdong Construction at 40.71%, Xiangdian Co. at 20.59%, and Yitong New Materials at 11.02% [3][4]

Core Insights - The China Securities National New State-Owned Enterprise Modern Energy Index has decreased by 0.80% as of September 23, 2025, with mixed performance among constituent stocks [3] - The National Energy Administration and other departments have issued guidelines aiming for significant advancements in the energy equipment industry by 2030, focusing on self-sufficiency, high-end, intelligent, and green development [3][4] Market Performance - The top-performing stocks include Nanshan Energy, which rose by 6.16%, and XJ Electric, which increased by 2.50%, while China Rare Earth fell by 5.75% [3] - The Central State-Owned Enterprise Modern Energy ETF (561790) has seen a decline of 0.88%, with a latest price of 1.13 yuan, but has accumulated a 6.55% increase over the past three months [3] Trading Activity - The trading volume for the Central State-Owned Enterprise Modern Energy ETF was 30.02 million yuan with a turnover rate of 0.7% [3] - The average daily trading volume over the past year for the ETF was 628.85 million yuan [3] Industry Outlook - Experts emphasize the necessity of new energy infrastructure to support the construction of a new energy system, including low-carbon transformation of coal power and improvements in energy storage systems [4] - The index tracks 50 listed companies involved in modern energy sectors, with the top ten stocks accounting for 48.28% of the index [4]

Group 1 - The liquidity of the battery ETF managed by Jiashi has a turnover rate of 4.03% with a transaction volume of 49.47 million yuan, and the average daily transaction volume over the past month is 91.82 million yuan [3] - The latest scale of the battery ETF managed by Jiashi has reached 1.18 billion yuan, with a total inflow of 112 million yuan over the last 10 trading days [3] - As of September 22, 2025, the net value of the battery ETF managed by Jiashi has increased by 94.99% over the past year, ranking 543 out of 3021 in the index stock fund category, placing it in the top 17.97% [3] Group 2 - Dongwu Securities indicates that the demand for energy storage batteries continues to exceed expectations, with profitability showing improvement elasticity [4] - The global demand for energy storage batteries is revised upward by 25% to 500-550 GWh for 2025, representing a year-on-year increase of 60%, with a forecasted growth of over 35% for 2026 [4] - The top ten weighted stocks in the China Securities Battery Theme Index include companies such as Sunshine Power, CATL, and EVE Energy, accounting for a total of 53.03% of the index [4]

Core Viewpoint - The stock of Southern Power Grid Energy has experienced fluctuations, with a recent decline of 2.04%, while the company shows a year-to-date increase of 14.79% in stock price [1] Financial Performance - For the first half of 2025, Southern Power Grid Energy reported revenue of 3.301 billion yuan, representing a year-on-year growth of 13.38% [2] - The net profit attributable to shareholders for the same period was 832 million yuan, reflecting a year-on-year increase of 32.93% [2] Shareholder Information - As of June 30, the number of shareholders for Southern Power Grid Energy was 43,000, a decrease of 1.27% from the previous period [2] - The average number of circulating shares per shareholder increased by 1.28% to 25,781 shares [2] Dividend Distribution - Since its A-share listing, Southern Power Grid Energy has distributed a total of 1.622 billion yuan in dividends [3] - Over the past three years, the cumulative dividend payout has reached 930 million yuan [3] Company Overview - Southern Power Grid Energy, established on December 29, 1997, and listed on June 15, 2004, is based in Guangzhou, Guangdong Province [1] - The company's main business includes pumped storage, peak regulation hydropower, and independent energy storage development, investment, construction, and operation [1] - The revenue composition is as follows: pumped storage 66.22%, peak regulation hydropower 26.73%, new energy storage 5.38%, others 1.01%, and technical services 0.66% [1] Market Activity - As of September 22, the stock price was 11.54 yuan per share, with a market capitalization of 36.882 billion yuan [1] - The trading volume was 144 million yuan, with a turnover rate of 0.39% [1] - The net outflow of main funds was 20.7282 million yuan, with significant selling pressure observed [1]

Core Viewpoint - The modern energy sector in China is experiencing significant growth, driven by policy support and technological advancements, with a focus on energy storage and renewable energy solutions [4]. Group 1: Market Performance - As of September 19, 2025, the China Securities National New State-Owned Enterprise Modern Energy Index decreased by 0.03%, with mixed performance among constituent stocks [3]. - China Coal Energy led the gains with an increase of 3.90%, while China Rare Earths saw a decline of 1.82% [3]. - The Central State-Owned Enterprise Modern Energy ETF (561790) rose by 0.18%, closing at 1.15 yuan, and has accumulated a 1.06% increase over the past two weeks [3]. Group 2: Industry Developments - The 2025 World Energy Storage Conference opened in Ningde, Fujian, showcasing significant advancements in the energy storage sector, including the release of the "China Long-term Energy Storage Industry Blue Book" and the signing of 18 project cooperation agreements with a total planned investment of 24.58 billion yuan [3]. - The industry is witnessing a robust development of a comprehensive new energy storage system, with expectations of doubling large-scale storage capacity in the next two and a half years due to favorable policies [4]. Group 3: ETF and Index Insights - The Central State-Owned Enterprise Modern Energy ETF has seen a significant growth in scale, increasing by 2.11 million yuan over the past year, ranking in the top third among comparable funds [4]. - The index tracks 50 listed companies involved in modern energy sectors, with the top ten weighted stocks accounting for 48.28% of the index [4].

Core Points - The company announced a cash dividend of 0.052 CNY per share for the first half of 2025, totaling approximately 166.19 million CNY [4][10][12] Distribution Plan - The distribution plan was approved during the 32nd meeting of the 8th Board of Directors on August 29, 2025 [1][2] - The 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 day before the dividend record date [3] - The total number of shares used for the dividend calculation is 3,196,005,805 [4] Implementation Details - The cash dividends will be distributed through the clearing system of the China Securities Depository and Clearing Corporation Limited, and shareholders can collect their dividends at their designated securities firms on the payment date [6] - For shareholders who have not completed designated trading, the dividends will be held by the China Securities Depository and Clearing Corporation Limited until the trading is completed [6] Taxation Information - Individual shareholders holding shares for over one year will not be subject to personal income tax on the dividends, while those holding for one year or less will have taxes calculated upon the sale of shares [10] - Qualified Foreign Institutional Investors (QFIIs) will have a 10% withholding tax applied, resulting in a net dividend of 0.0468 CNY per share [11] - Hong Kong investors will also face a 10% withholding tax, leading to a net dividend of 0.0468 CNY per share [11]

证券日报网讯 9月18日晚间，南网储能发布公告称，2025年半年度利润分配方案为A股每股现金红利 0.052元（含税），股权登记日为2025年9月24日，除权（息）日及现金红利发放日均为2025年9月25 日。 （编辑 楚丽君） ...

证券代码：600995 证券简称：南网储能 编号：2025-51 南方电网储能股份有限公司 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： 每股分配比例 A 股每股现金红利0.052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 | 2025/9/24 | － | 2025/9/25 | 2025/9/25 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 2025 年 8 月 29 日，南方电网储能股份有限公司（以下简称"公 司"）召开第八届董事会第三十二次会议，审议通过本利润分配方案。 本利润分配方案在公司 2024 年年度股东大会授权范围内，无需提 交股东会审议。 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结 算有限责任公司上海分公司（以下简称"中国结算 ...

Core Viewpoint - The recent notice from the National Development and Reform Commission and the Energy Administration aims to enhance the price mechanism to promote the nearby consumption of renewable energy, requiring that the annual self-consumption of renewable energy should account for no less than 60% of the total available generation capacity and 30% of total electricity consumption, with new projects starting from 2030 required to meet at least 35% [1] Investment Highlights - The notice recommends commercial rooftop photovoltaics and highlights the potential of companies like Ankerui. It emphasizes the need for projects to have metering conditions and for grid companies to install metering devices to accurately measure electricity data at various stages [1] - The bidding for large-scale energy storage in August exceeded expectations, with a recommendation for storage operators like Southern Grid Storage. The combination of AI and the finalized document No. 136 is expected to drive the economic viability of large-scale storage, with domestic demand exceeding expectations [1] - Southern Grid Storage is positioned to benefit significantly as a large-scale storage operator within the Southern Grid, with a projected cumulative installed capacity of 654,200 kW and 1,298,300 kWh by the first half of 2025, alongside 10.28 million kW of pumped storage capacity [1] Industry Core Data Tracking - Electricity prices saw a 2% year-on-year decrease and a 1.3% month-on-month increase in August 2025. The price of thermal coal was reported at 680 RMB/ton as of September 12, 2025, reflecting a week-on-week increase of 1 RMB/ton [2] - The water level at the Three Gorges Reservoir was recorded at 162.88 meters, with inflow and outflow rates showing significant year-on-year increases of 33.59% and 198.15%, respectively [2] - Total electricity consumption from January to July 2025 reached 5.86 trillion kWh, a year-on-year increase of 4.5%, with various sectors showing different growth rates [2] - Cumulative power generation for the same period was 5.47 trillion kWh, with a year-on-year increase of 1.3%, while installed capacity additions in the first half of 2025 showed significant growth in renewable sources like wind and solar [2] Investment Recommendations - Companies within the Southern Grid system, such as Southern Grid Energy, Southern Grid Storage, and Southern Grid Technology, are recommended for investment opportunities [3] - The green electricity sector is expected to see improvements in asset quality and growth potential, with specific companies highlighted for attention [3] - The value of photovoltaic assets and charging station assets is anticipated to be reassessed positively due to regulatory support and market dynamics [3] - Investment opportunities in thermal power, particularly in the Beijing-Tianjin-Hebei region, are also recommended [3] - The hydropower sector is expected to benefit from rising prices and low costs, with strong cash flow and dividend capabilities [3] - The nuclear power sector is projected to grow, with multiple approvals for new units expected to enhance profitability and dividends [3]