Group 1 - The company held its 17th meeting of the 5th Supervisory Board on August 27, 2025, with all three supervisors present and voting, in compliance with legal and regulatory requirements [1] - The Supervisory Board approved the 2025 semi-annual report and its summary with unanimous consent, confirming that the report's preparation process adhered to relevant laws, regulations, and internal management systems [1] - The content and format of the 2025 semi-annual report meet the requirements of the China Securities Regulatory Commission and the Shanghai Stock Exchange, accurately reflecting the company's operational and financial status [1] Group 2 - The Supervisory Board also approved the special report on the storage and actual use of raised funds for the first half of 2025, with unanimous consent [2] - The company strictly followed the management regulations regarding the use of raised funds, ensuring that the funds were stored in a dedicated account and used for specified purposes without any violations [2] - The actual investment of raised funds aligns with the disclosed information, confirming no misappropriation or harm to shareholder interests [2]

Group 1 - Shenzhen Gas announced the convening of its 36th meeting of the fifth board of directors on August 27, 2025, to review various proposals including the performance responsibility documents for the board secretary, CFO, and safety director for 2025 [1] - The revenue composition for Shenzhen Gas in 2024 is as follows: pipeline gas accounts for 55.5%, photovoltaic film for 13.37%, natural gas wholesale for 8.9%, merchandise sales and others for 6.57%, gas engineering and materials for 6.08%, and liquefied petroleum gas wholesale for 5.12% [1]

Group 1 - The core viewpoint of the article is that Shenzhen Gas (601139.SH) reported its mid-year financial results, showing a mixed performance with revenue growth but a decline in net profit [1] Group 2 - For the first half of 2025, the company achieved total operating revenue of 15.432 billion yuan, representing a year-on-year increase of 11.99% [1] - The net profit attributable to shareholders of the parent company was 638 million yuan, reflecting a year-on-year decrease of 13.61% [1] - The basic earnings per share were reported at 0.22 yuan [1]

（一）公司 2025 年半年度报告的编制和审议程序符合法律、法规、公司章程和 公司内部管理制度的规定； （二）公司 2025 年半年度报告的内容和格式符合中国证监会和上海证券交易所 的各项规定，所包含的信息能从各方面真实地反映出公司 2025 年半年度的经营管理 和财务状况等事项； （三）在公司 2025 年半年度报告编制过程中，参与半年度报告编制和审议的人 员严格遵守保密制度，未发现泄密情况。 证券代码：601139 证券简称：深圳燃气 公告编号：2025-035 债券代码：113067 债券简称：燃 23 转债 深圳燃气第五届监事会第十七次会议决议公告 本公司监事会及全体监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。 深圳市燃气集团股份有限公司（以下简称"公司"）第五届监事会第十七次会 议于 2025 年 8 月 27 日（星期三）以通讯方式召开，会议应出席监事 3 名，实际表 决监事 3 名，符合《公司法》及《公司章程》的规定。全体监事同意推举监事霍志 昌先生召集和主持会议，公司部分高级管理人员列席了会议。 会议审议通过了下列议案： 一、 ...

| 证券代码：601139 | 证券简称：深圳燃气 | 公告编号：2025-034 | | --- | --- | --- | | 债券代码：113067 | 债券简称：燃 23 转债 | | 深圳燃气第五届董事会第三十六次会议决议公告 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。 深圳市燃气集团股份有限公司（以下简称"公司"）第五届董事会第三十六 次会议于 2025 年 8 月 27 日（星期三）以现场结合通讯方式召开，会议应到董事 14 名，实际表决 14 名（张斌独立董事通讯表决），符合《公司法》及《公司章 程》的规定。会议由公司董事长王文杰先生主持，公司部分监事及高级管理人员 列席了会议。 会议审议通过以下议案： 一、会议以 13 票同意，0 票反对，0 票弃权的结果审议通过了《关于制定公 司总裁岗位聘任协议、总裁和副总裁 2025 年度经营业绩责任书以及调整 2023-2025 年任期经营业绩责任书的议案》，阳杰董事作为关联董事回避表决。 四、会议以 14 票同意，0 票反对，0 票弃权的结果审议通过了《公司 20 ...

深圳市燃气集团股份有限公司2025 年半年度报告 公司代码：601139 公司简称：深圳燃气 深圳市燃气集团股份有限公司 2025 年半年度报告 1 / 165 深圳市燃气集团股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人王文杰、主管会计工作负责人阳杰及会计机构负责人（会计主管人员）刘竞斌 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 不适用 六、 前瞻性陈述的风险声明 √适用 □不适用 本半年度报告涉及未来计划等前瞻性陈述，不构成公司对投资者的实质承诺，请投资者注意投资 风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准确性和完整性 否 十、 重大风险提示 ...

| 证券代码：601139 | 证券简称：深圳燃气 | | 公告编号：2025-036 | | --- | --- | --- | --- | | 转债代码：113067 | 转债简称：燃 23 | 转债 | | 深圳市燃气集团股份有限公司 2025 年上半年募集资金存放与实际使用情况的专项报告 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、准确性和完整性依法承担法律责任。 一、募集资金基本情况 截至2025年6 月30日止，公司累计使用募集资金计人民币50,120.71万元(其 中以前年度累计使用人民币 45,189.55 万元，2025 年上半年使用人民币 4,931.16 万元)，尚未使用募集资金余额计人民币 247,904.00 万元。于 2025 年 6 月 30 日， 募集资金存放专项账户的余额人民币 38,848.95 万元，与尚未使用募集资金余额 的差异为人民币 209,055.05 万元，其中：(1)尚未使用的募集资金余额转出以定 期存款方式存放计人民币 100,000.00 万元；(2)使用募集资金暂时补充流动资金 计人民币 115,0 ...

Core Viewpoint - The company operates with a dual focus on "gas + clean energy," developing a comprehensive natural gas supply chain and actively expanding into clean energy sectors like photovoltaics [1][3]. Group 1: Business Operations - The company has established a full industry system for natural gas, including exploration, transportation, storage, and sales, while also expanding into clean energy such as photovoltaics [1]. - The gas-fired power generation business is primarily managed by its subsidiary, Shenran Thermal Power, which has two operational 9E gas-steam combined cycle units with a capacity of 2×180MW and plans to launch a 470MW 9F unit by June 2024 [1]. - The first 9F unit has generated approximately 1.02 billion kilowatt-hours of electricity since its launch, and the second unit is expected to contribute additional revenue [1]. Group 2: Supply Chain and Innovation - The company has secured natural gas supply agreements with major suppliers like PetroChina, Sinopec, and BP China, ensuring stable and secure gas supply through various infrastructure [2]. - A long-term agreement with PetroChina guarantees a contract volume of 9.69 billion cubic meters over ten years, while another agreement with Guangdong Dapeng Company ensures an annual supply of 271,000 tons of natural gas [2]. - The company has established a robust innovation ecosystem, with 7 national high-tech enterprises and 6 specialized enterprises, and has developed various gas control equipment and energy devices [2]. Group 3: Financial Outlook - The company has 53 gas business operating rights across 11 provinces, with a projected pipeline gas sales volume of 4.975 billion cubic meters in 2024, reflecting a year-on-year growth of 2.78% [3]. - The subsidiary, Swick, is the second-largest photovoltaic encapsulation film manufacturer globally, with an annual production capacity exceeding 1 billion square meters across four production bases [3]. - The company maintains a "buy" rating, with expected earnings per share of 0.52 yuan for 2025 and 2026, and 0.53 yuan for 2027, corresponding to a PE valuation of 13 times [3].

Group 1 - The core viewpoint of the article is that Dongguan Securities has given a "buy" rating to Shenzhen Gas (601139.SH) based on several positive factors [1] - The company operates with a dual focus on "gas + clean energy," promoting synergistic development [1] - The commissioning of gas power generation units is expected to contribute additional revenue [1] - The company has a rich supply chain ensuring natural gas supply [1] - Shenzhen Gas is actively building an innovative industrial ecosystem and corporate innovation team [1]

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expectation that the stock will outperform the market index by more than 15% in the next six months [59]. Core Viewpoints - The company operates with a dual focus on "gas + clean energy," developing a comprehensive natural gas supply chain while actively expanding into the photovoltaic sector [6][13]. - The gas power generation units are expected to contribute incremental revenue, with the second 9F gas-steam combined cycle unit officially launched in June 2025 [6][48]. - The company has established rich supply channels for natural gas, securing long-term agreements with major suppliers, ensuring stable supply [6][40]. - The company is committed to innovation, having developed numerous patents and technology standards, enhancing its competitive edge [6][51]. Summary by Sections 1. Dual Business Model - The company integrates "gas + clean energy" as its dual main business, having established a full industry chain for natural gas and actively expanding into clean energy [6][13]. - As of the end of 2024, the company holds 53 gas business operating rights across 11 provinces, with a natural gas supply of 6.576 billion cubic meters, a 5.06% increase year-on-year [16][17]. 2. Gas Price Linkage - The report highlights the orderly advancement of natural gas price linkage, which aids the company in managing procurement costs effectively [31]. 3. Vertical Integration and Competitive Strength - The company has signed resource supply agreements with major oil and gas suppliers, ensuring a stable supply of natural gas [40]. - The company’s LNG and LPG wholesale business is managed by a subsidiary, enhancing its resource procurement and storage capabilities [42]. - The gas power generation business is expected to generate additional revenue, with significant capacity from newly launched units [48]. 4. Investment Recommendations - The report projects earnings per share of 0.52 yuan for 2025 and 0.53 yuan for 2027, maintaining a price-to-earnings ratio of 13 times [59][60].