证券代码：601139 证券简称：深圳燃气 公告编号：2025-026 深圳市燃气集团股份有限公司2024年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0.16元 相关日期 1. 发放年度：2024年年度 2. 分派对象： 照"维持每股分配金额不变，相应调整分配总额"的原则，公司 2024 年年度利润分配拟派发 现金红利总额由 460,278,486.40 元(含税)调整为 460,278,507.52 元(含税)，占公司 2024 年 归属于上市公司股东的净利润的 31.97%。 | 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 | 2025/6/18 | － | 2025/6/19 | 2025/6/19 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 23 日的2024年年度股 ...

Group 1 - The company announced a cash dividend distribution of 0.16 yuan per share (including tax) for the 2024 fiscal year, approved at the annual general meeting [2] - The company will not issue bonus shares or increase capital from reserves in the profit distribution plan [2] - The conversion price of the "燃23转债" will be adjusted following the implementation of the dividend distribution [2] Group 2 - The convertible bonds will be suspended from conversion during the dividend distribution process, with resumption of conversion on the first trading day after the record date [2] - Holders of the convertible bonds wishing to benefit from the dividend distribution must convert their bonds by June 9, 2025 [2] - The company has provided contact information for further inquiries regarding the announcement [2]

关于实施 2024 年度权益分派时可转债转股连续停牌的 证券代码：601139 证券简称：深圳燃气 公告编号： 2025-025 提示性公告 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： 深圳市燃气集团股份有限公司 证券停复牌情况：适用 因实施 2024 年度权益分派,本公司的相关证券停复牌情况如下： 1、公司将于2025年6月11日在《中国证券报》《上海证券报》《证券时报》 《证券日报》等信息披露媒体和上海证券交易所网站(www.sse.com.cn)披露权益 分派实施公告和可转债转股价格调整公告。 2、自2025年6月10日至权益分派股权登记日期间， "燃23转债"将停止转股， 股权登记日后的第一个交易日起"燃23转债"恢复转股，欲享受本次权益分派的 可转债持有人可在2025年6月9日(含当日)之前进行转股。 三、其他 联系部门:公司董事会办公室 联系电话:0755-83601139 特此公告。 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 期间 | 停牌终止日 | 复牌日 | | ...

Investment Rating - The report maintains an "Overweight" rating for the gas industry [1] Core Viewpoints - Weak demand has led to a decline in domestic gas prices, while storage levels are pushing down European gas prices [1][5] - The report highlights the ongoing adjustments in pricing mechanisms and the gradual recovery of demand, with a focus on cost optimization for gas companies [5][48] Price Tracking - As of May 30, 2025, the weekly price changes for various gas markets are as follows: US HH +0.6%, European TTF -7%, East Asia JKM -2.6%, China LNG ex-factory -1.1%, and China LNG CIF -4.2% [10][11] - Domestic gas prices have slightly decreased by 1.1% due to slow demand recovery and the upcoming Dragon Boat Festival [24] Supply and Demand Analysis - In the US, total gas supply increased by 0.6% week-on-week to 1,125 billion cubic feet per day, while total demand decreased by 0.8% to 973 billion cubic feet per day [15] - European gas consumption for January-February 2025 was 1,155 billion cubic meters, up 11% year-on-year, but supply decreased by 10.8% week-on-week [16] Pricing Progress - Nationwide, 63% of cities have implemented residential pricing adjustments, with an average increase of 0.21 yuan per cubic meter [34] - The report indicates that there is still a 10% room for price gap recovery in city gas companies [34] Important Events - The US LNG import tariff has been reduced from 140% to 25%, enhancing the economic viability of US gas imports [41][43] - The European Commission has voted to introduce more flexible natural gas storage filling targets to avoid supply shortages [46][47] Investment Recommendations - The report suggests focusing on companies that can optimize costs and benefit from the ongoing pricing adjustments, recommending companies like Xinao Energy and China Gas [48] - It also highlights the importance of companies with quality long-term contracts and flexible scheduling capabilities, such as Jiufeng Energy and Xinao [48]

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].