谈及城燃企业向综合能源服务商转型的必要性，范峻铭指出，在坚持"双碳"目标与市场机制双轮驱动，转型既是挑战更是机遇。针对行业普遍 面临的技术同质化、运营成本高企等困境，深圳燃气选择 "技术引领" 路径，历经4-5年研发探索，于2024年6月推出自主研发的 "深燃机" 系列 产品，以气电互补技术为核心，形成覆盖制冷、供热、户用场景的全系列解决方案。 "气电互补的核心在于让气与电在最佳能效区间协同作用，类似油电混动汽车的能量管理逻辑。" 范峻铭解释，通过智能匹配电价、气价及环 境参数，系统可自动选择纯电、纯气或混合模式运行，实现能效最大化与成本最优化。 破解气电互补技术 "突围密码" 深圳燃气下属赣州市华安能源技术有限公司总经理范峻铭，王弘晢摄 在第 29 届世界燃气大会（WGC2025）期间，深圳燃气下属赣州市华安 能源技术有限公司总经理范峻铭接受本报专访，围绕城燃企业综合能源转型路径、技术创新及行业趋势展开深度分享，提出以 "气电互补技 术" 为核心的差异化转型策略，为行业低碳发展提供新范式。 深圳燃气下属赣州市华安能源技术有限公司总经理范峻铭。王弘晢摄 在第 29 届世界燃气大会（WGC2025）期间，深圳燃 ...

来源：工人日报客户端 为进一步延续线上线下交友热度，延伸交友链条，深圳燃气公司工会精心推出了"愿有'燃'后"系列活 动。一是"缘分书信"，活动现场设置"月老"NPC为有缘人牵线，青年们可书写心动信件，由"月老"在活 动后转交心仪对象。二是"运动社群"，根据报名时收集的兴趣意向，组织青年们开展羽毛球、网球等运 动社交；三是"线上云相聚"，依托小程序搭建线上交友"小圈子"，开展为期一周的生活分享、旅行日记 交流等线上互动。 原标题：深圳燃气公司工会开展青年交友活动 工人日报-中工网记者刘友婷 通讯员许嘉欣 本次活动特别邀请机关单位、市属国企青年共同参与，通过"跨行业社交"搭建起交流互动平台，突破行 业界限，拓宽视野边界。同时，活动创新采用了"文化赋能+趣味互动"的开展形式，既响应了青年对传 统文化的认同与热爱，也通过"游戏化互动"让社交变得更加轻松自然，有效减轻了青年的社交焦虑。活 动共收到超25家单位、140多份报名信息。 5月25日，以"穿越时空与你相遇"为主题的广东深圳燃气怦"燃"心动青年交友活动在深燃大厦举办，来 自21家机关单位、市属国企的110名青年到场参与。 活动以"古风剧本杀"形式展开，融入古风换 ...

Investment Rating - The report maintains an "Accumulate" rating for the gas industry [1] Core Views - The report highlights a significant increase in inventory, a decline in US gas prices, and weak demand domestically, while European gas prices show a slight increase [1][10] - It emphasizes the ongoing adjustments in pricing mechanisms and the potential for demand recovery in 2025, alongside cost optimization for gas companies [1][54] Summary by Sections Price Tracking - As of May 23, 2025, US HH gas prices decreased by 4.8%, while European TTF prices increased by 5.8%. The prices for East Asia JKM and China's LNG showed increases of 5% and 5.5% respectively [10][12] Supply and Demand Analysis - US natural gas supply increased by 1.3% week-on-week to 1,118 billion cubic feet per day, with total demand rising by 4.2% to 982 billion cubic feet per day. However, the industrial sector saw a decrease in consumption by 0.9% [15] - European gas consumption for January-February 2025 was 115.5 billion cubic meters, up 11% year-on-year, while the average gas generation in Europe decreased by 15.5% week-on-week [17][26] Pricing Progress - Nationwide, 63% of cities have implemented residential pricing adjustments, with an average increase of 0.21 yuan per cubic meter. The report suggests that there is still a 10% room for price adjustment [39] Important Events - The US LNG import tariff was reduced from 140% to 25%, enhancing the economic viability of US gas imports [46] - The European Commission voted to introduce more flexible natural gas storage filling targets, allowing member states to achieve storage goals more easily [51] Investment Recommendations - The report recommends focusing on companies that can optimize costs and benefit from the ongoing pricing adjustments. Key recommendations include New Energy (5.2% dividend yield), China Gas (7.0% dividend yield), and Kunlun Energy (4.1% dividend yield) [54]

Core Viewpoint - The launch of the "CETROVO 1.0 Carbon Star Rapid Transit" subway train in Qingdao, Shandong, represents a significant innovation in the rail transit industry, utilizing carbon fiber composite materials for the first time in commercial subway operations, leading to enhanced performance and reduced environmental impact [1][2]. Group 1: Performance Improvements - The Carbon Star Rapid Transit train has achieved an 11% weight reduction and a 7% decrease in operational energy consumption, resulting in an annual reduction of approximately 130 tons of CO2 emissions per train [1]. - Noise levels during operation have been reduced by 15 decibels in curves and over 2 decibels inside the train [1]. - The lifecycle maintenance costs have been lowered by 22% due to the advanced design and materials used [1]. Group 2: Technological Innovations - The train employs an integrated carbon fiber design, enhancing structural strength and safety while reducing weight, akin to a "super skeleton" compared to traditional metal structures [1]. - The manufacturing process for carbon fiber has been optimized, significantly lowering production costs through efficient techniques such as pultrusion and weaving [2]. - An intelligent monitoring system is installed on the train, providing real-time status updates and alerts for maintenance, thereby minimizing downtime and repair costs [2]. Group 3: Industry Implications - The successful operation of the Carbon Star Rapid Transit train signifies a major advancement in the rail transit sector, indicating a shift towards more environmentally friendly and intelligent transportation solutions [2].

Core Viewpoint - The consensus among industry leaders is to enhance upstream and downstream resource integration, strengthen customer service and comprehensive energy service capabilities, and utilize new AI technologies to improve operational efficiency [1][8]. Industry Challenges - The urban gas industry is undergoing deep adjustments due to changes in business models, increased safety costs, and complex international situations, which pose new challenges for company development [1][4]. - The industry has transitioned from a decade of rapid growth to a more saturated market, with major players and numerous small companies creating a fragmented landscape [4]. - The operating environment for urban gas companies is becoming less optimistic due to intensified safety regulations, rising costs, and international market fluctuations caused by geopolitical events like the Russia-Ukraine conflict [4][5]. Financial Performance - Urban gas companies have seen a decline in net profits, shifting from double-digit growth to single-digit or even negative figures, largely due to reduced margins in gas connection services [5]. - The engineering installation business has also been negatively impacted by the ongoing downturn in the real estate market, leading to significant revenue and margin declines [5]. Pricing and Market Dynamics - The pricing structure in the urban gas sector is characterized by a mismatch between upstream pricing controlled by major oil companies and government-regulated downstream sales prices, which limits flexibility [5][6]. - Companies are experiencing pressure from gas price inversions, particularly in regions like Wuhan, where selling gas incurs losses [5]. Infrastructure and Investment - Companies are investing heavily in upgrading aging pipeline networks, with Shanghai Gas completing 770 kilometers of pipeline renovations and planning to invest around 10 billion yuan for an additional 900 kilometers [6][8]. - The strategic focus includes enhancing local high-pressure gas networks and improving interconnectivity with other regions to ensure stable gas supply [8]. Customer Service and Technological Integration - Companies are recognizing the need to diversify energy services to meet the evolving demands of industrial clients, who now require various forms of energy beyond just gas [9]. - The adoption of AI and digital technologies is seen as crucial for reducing operational costs and improving service efficiency, with initiatives like the installation of smart gas meters being implemented [9].

Core Viewpoint - The legal opinion letter issued by Shanghai Jintiancheng (Shenzhen) Law Firm confirms the legality and validity of the procedures, qualifications, and voting results of the Shenzhen Gas Group Co., Ltd. 2024 Annual General Meeting held on May 23, 2025 [1][9]. Group 1: Meeting Procedures and Qualifications - The notice for the 2024 Annual General Meeting was published at least 20 days prior to the meeting date, complying with the relevant regulations [3][4]. - The meeting was convened by the board of directors, and the procedures followed the requirements set forth in the Company Law and the Shareholders' Meeting Rules [4][9]. - The qualifications of the meeting attendees, including shareholders and their proxies, were verified and deemed valid [5][6]. Group 2: Agenda and Voting Results - The agenda for the meeting included the approval of the 2024 Board of Directors' Work Report, the 2024 Supervisory Board Work Report, the 2024 Independent Directors' Work Report, the 2024 Audited Financial Report, the 2024 Profit Distribution Plan, the 2024 Annual Report and its Summary, and the proposal to reappoint the auditing firm for 2025 [6][8]. - The voting process combined on-site and online voting, with a total of 310 participants representing 2,187,423,105 shares, accounting for 76.0382% of the total voting shares [5][7]. - All proposed resolutions were passed with the voting process adhering to legal and regulatory requirements, confirming the legitimacy of the meeting's decisions [8][9].

| 证券代码：601139 | 证券简称：深圳燃气 | 公告编号：2025-024 | | --- | --- | --- | | 债券代码：113067 | 债券简称：燃 23 | 转债 | 深圳燃气关于召开 2024 年度暨 2025 年第一季度 业绩说明会的公告 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： 会议召开时间：2025 年 6 月 11 日(星期三) 下午 3:00-5:00 会议召开地点：上海证券交易所上证路演中心（网址：https://roadshow.s seinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 5 月 26 日(星期一) 至 6 月 9 日(星期一)16:00 前登录上 海证券交易所上证路演中心网站首页点击"提问预征集"栏目或通过公司邮箱 x gq@szgas.com.cn 进行提问。公司将在说明会上对投资者普遍关注的问题进行回 答。 深圳市燃气集团股份有限公司（以下简称"公司"）已于 2025 年 4 月 25 日 发布公司 ...

证券代码：601139 证券简称：深圳燃气 公告编号：2025-023 深圳市燃气集团股份有限公司 2024年年度股东大会决议公告 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 5 月 23 日 (二)股东大会召开的地点：深圳市福田区梅坳一路 268 号深燃大厦十四楼第 7 会 议室 (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 | 310 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 2,187,423,105 | | 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（%） | 76. 0382 | (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。 本次会议由公司董事会召集，公司董事长王文杰先生主持。本次会议以现场方式 和网络投票相结合的方式对股东大会通知中列明的 ...

上海市锦天城（深圳）律师事务所 关于深圳市燃气集团股份有限公司 2024年年度股东大会的 法律意见书 上海市锦天城（深圳）律师事务所 地址：深圳市福田区福华三路卓越世纪中心 1 号楼 21、22、23 层 电话：86 755-82816698 传真：86 755-82816898 邮编：518048 上海市锦天城（深圳）律师事务所 法律意见书 上海市锦天城（深圳）律师事务所 关于深圳市燃气集团股份有限公司 2024 年年度股东大会的 法律意见书 致：深圳市燃气集团股份有限公司 上海市锦天城（深圳）律师事务所（以下简称"本所"）接受深圳市燃气集 团股份有限公司（以下简称"公司"）的委托，指派本所韩欣茹律师、黄栩珅律 师出席了公司于 2025 年 5 月 23 日召开的公司 2024 年年度股东大会（以下简称 "本次股东大会"），并根据《中华人民共和国证券法》（以下简称"《证券法》"）、 《中华人民共和国公司法》（以下简称"《公司法》"）以及《上市公司股东会 规则》（中国证券监督管理委员会公告〔2025〕7 号）（以下简称"《股东会规 则》"）、《上海证券交易所股票上市规则》（上证发〔2025〕59 号）（以下 ...

Investment Rating - The report maintains an "Overweight" rating for the gas industry [1] Core Viewpoints - Demand remains weak in the US and domestic gas prices have declined, while European gas prices have slightly increased. The inventory levels are lower year-on-year [1][10] - The US LNG import tariff has been reduced from 140% to 25%, improving the economic feasibility of US gas imports [1][41] Summary by Sections Price Tracking - As of May 16, 2025, the week-on-week changes in gas prices are as follows: US HH -4.9%, European TTF +0.3%, East Asia JKM +3.8%, China LNG ex-factory -0.4%, and China LNG CIF -0.6% [10] Supply and Demand Analysis - After a brief period of high temperatures, the climate has returned to suitable temperatures, leading to continued weak demand. The average total supply of natural gas in the US increased by 0.4% week-on-week to 1,104 billion cubic feet per day, while total demand decreased by 0.4% to 944 billion cubic feet per day [14] - European gas consumption for January-February 2025 was 1,155 billion cubic meters, up 11% year-on-year. As of May 15, 2025, European gas inventory was 497 TWh, down 251.5 TWh year-on-year [16] Pricing Progress - Nationwide pricing adjustments are gradually advancing, with 63% of cities implementing residential pricing adjustments, resulting in an average increase of 0.21 yuan per cubic meter [34] Important Events - The reduction of the US LNG import tariff from 140% to 25% enhances the economic viability of US gas imports [41] - The European Commission has voted to introduce more flexible natural gas storage filling targets, allowing member states to achieve storage goals with greater flexibility [46][47] Investment Recommendations - The report suggests focusing on companies that can optimize costs and benefit from the ongoing pricing mechanism adjustments. Key recommendations include: - New Hope Energy (dividend yield 5.4%) - China Resources Gas (dividend yield 4.5%) - Kunlun Energy (dividend yield 4.5%) - China Gas (dividend yield 7.0%) - Blue Sky Gas (dividend yield 8.8%) [48]