每经头条（nbdtoutiao）——独家对话特斯拉FSD跨美第一人：4400公里"零接管"，手没碰过方向盘！作 为激光雷达销售员，他为何站队马斯克的"纯视觉"？ （记者 曾健辉） 每经AI快讯，深圳燃气1月9日晚间发布2025年度业绩快报，营业收入约297.96亿元，同比增加5.11%； 归属于上市公司股东的净利润约14.07亿元，同比减少3.45%；基本每股收益0.49元，同比减少3.92%。 ...

Group 1 - The core viewpoint of the article is that Shenzhen Gas (601139.SH) reported its 2025 annual performance, showing a revenue increase but a decline in net profit [1] Group 2 - The company's operating revenue for the reporting period was 29.796 billion yuan, reflecting a year-on-year growth of 5.11%, primarily driven by the increase in gas resources and comprehensive energy revenue [1] - The net profit attributable to shareholders of the listed company was 1.407 billion yuan, representing a year-on-year decrease of 3.45%, mainly due to reduced profits from the smart service business [1]

| 证券代码：601139 | 证券简称：深圳燃气 | | | 公告编号：2026-003 | | --- | --- | --- | --- | --- | | 债券代码：113067 | 债券简称：燃 | 23 | 转债 | | 深圳燃气2025年度业绩快报 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。 本公告所载 2025 年度主要财务数据为初步核算数据，未经会计师事务所审计，具体数据以公 司 2025 年度报告中披露的数据为准，提请投资者注意投资风险。 | 项目 | 2025 年度 | 2024 年度 | 增减幅度（％） | | --- | --- | --- | --- | | 营业总收入 | 2,979,567 | 2,834,812 | 5.11 | | 营业利润 | 191,239 | 181,977 | 5.09 | | 利润总额 | 185,051 | 183,199 | 1.01 | | 归属于上市公司股东的净 利润 | 140,678 | 145,707 | -3.45 | | 归属于上市公司股东的扣 ...

科技创新债券发行结果公告 深圳燃气2025年度第四期 证券代码：601139 证券简称：深圳燃气 公告编号：2026-001 债券代码：113067 债券简称：燃23转债 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"）第五届董事会第二十二次会议（临时会议）审议通过 注册发行超短期融资券的议案，同意公司于董事会批准之日起24个月内，向中国银行间市场交易商协会 申请注册并在中国境内注册发行本金总额不超过150亿元人民币的超短期融资券，注册有效期为2年，并 在有效期内，根据市场情况、利率变化及公司自身资金需求在中国境内一次或分期、部分或全部发行， 每期发行期限不超过270天（含270天）。 深圳市燃气集团股份有限公司董事会 2026年1月5日 证券代码：601139 证券简称：深圳燃气 公告编号：2026-002 转债代码：113067 转债简称：燃23转债 深圳燃气可转债转股结果 暨股份变动公告 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 ...

| 证券代码：601139 | 证券简称：深圳燃气 | | | 公告编号：2026-002 | | --- | --- | --- | --- | --- | | 转债代码：113067 | 转债简称：燃 | 23 | 转债 | | 深圳燃气可转债转股结果暨股份变动公告 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、准确性和完整性依法承担法律责任。 （三）根据有关规定和《深圳市燃气集团股份有限公司向不特定对象发行可 转换公司债券募集说明书》的约定，公司该次发行的"燃 23 转债"自 2024 年 2 月 2 日起可转换为本公司股份，可转换公司债券的最新转股价格为 7.40 元/股。 重要内容提示： 累计转股情况：深圳市燃气集团股份有限公司（以下简称"公司"）向 不特定对象发行可转换公司债券"燃 23 转债"自 2024 年 2 月 2 日开始转股。截 至 2025 年 12 月 31 日，"燃 23 转债"共有人民币 91,000.00 元已转换为公司股 票，转股数量为 11,933 股，占"燃 23 转债"转股前公司已发行股份总额的 0.000415% ...

| 名称 | 深圳市燃气集团股份有限公司 | 简称 | 25 深燃气 | | --- | --- | --- | --- | | 2025 | 年度第四期科技创新债券 | | SCP004(科创债) | | 代码 | 012583179 | 期限 | 268 日 | | 计息方式 | 到期还本付息 | 起息日 | 2025 年 12 月 30 日 | | 计划发行总额 | 15 亿元 | 实际发行总额 | 15 亿元 | | 票面价格 | 人民币一百元（RMB100.00 元） | 票面利率 | 1.58% | | 主承销商 | 上海浦东发展银行股份有限公司 | | | | 联席主承销商 | 江苏银行股份有限公司 | | | | 证券代码：601139 | 证券简称：深圳燃气 | | 公告编号：2026-001 | | --- | --- | --- | --- | | 债券代码：113067 | 债券简称：燃 23 | 转债 | | 深圳燃气2025年度第四期科技创新债券发行结果公告 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 ...

格隆汇1月5日丨深圳燃气(601139.SH)公布，公司于2025年2月25日完成150亿元人民币的超短期融资券 注册，并在2025年12月31日完成发行2025年度第四期科技创新债券。 名称：深圳市燃气集团股份有限公司2025年度第四期科技创新债券，简称：25深燃气SCP004(科创债)， 代码：012583179，期限：268日，起息日：2025年12月30日，实际发行总额：15亿元，票面利率： 1.58%。 ...

格隆汇1月5日丨深圳燃气(601139.SH)公布，公司于2025年2月25日完成150亿元人民币的超短期融资券 注册，并在2025年12月31日完成发行2025年度第四期科技创新债券。 名称：深圳市燃气集团股份有限公司2025年度第四期科技创新债券，简称：25深燃气SCP004(科创债)， 代码：012583179，期限：268日，起息日：2025年12月30日，实际发行总额：15亿元，票面利率： 1.58%。 ...

Market Performance - The gas sector increased by 0.94% on January 5, with Shengda Forestry leading the gains [1] - The Shanghai Composite Index closed at 4023.42, up 1.38%, while the Shenzhen Component Index closed at 13828.63, up 2.24% [1] Individual Stock Performance - Shengda Forestry (002259) closed at 4.16, up 10.05% with a trading volume of 268,900 shares and a turnover of 110 million yuan [1] - Zhongtai Co., Ltd. (300435) closed at 23.69, up 6.62% with a trading volume of 229,300 shares and a turnover of 538 million yuan [1] - Caohua Gas (300483) closed at 14.92, up 5.22% with a trading volume of 149,400 shares and a turnover of 219 million yuan [1] - Xinjiang Torch (603080) closed at 24.79, up 4.95% with a trading volume of 124,900 shares and a turnover of 303 million yuan [1] - Wanqing Energy (002700) closed at 6.98, up 4.02% with a trading volume of 102,400 shares and a turnover of 70.62 million yuan [1] - Jiufeng Energy (605090) closed at 44.63, up 3.55% with a trading volume of 455,500 shares and a turnover of 2.009 billion yuan [1] Capital Flow Analysis - The gas sector experienced a net outflow of 66.404 million yuan from institutional investors and 48.9981 million yuan from speculative funds, while retail investors saw a net inflow of 115 million yuan [2] - The detailed capital flow for individual stocks shows that Jiufeng Energy had a net outflow of 46.0278 million yuan from institutional investors [3] - Shengda Forestry had a net inflow of 28.1040 million yuan from institutional investors, indicating strong interest [3]

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating potential investment opportunities in these areas [1]. Core Insights - The 2026 long-term electricity prices are under pressure, with significant declines observed in transaction prices across various provinces, reflecting a shift in the power generation model from reliance on thermal power to a more diversified income structure [6][7]. - Natural gas consumption saw a year-on-year increase of 5.1% in November 2025, indicating a recovery in demand, particularly due to heating needs during the winter season [34]. - The report highlights the importance of optimizing the electricity market mechanism and restructuring the power generation mix as key future trends [7]. Summary by Sections 1. Electricity: 2026 Long-term Electricity Prices - The annual transaction results for 2026 show a total transaction volume of 2,724.81 billion kWh in Jiangsu, with a weighted average price of 344.19 yuan/MWh, down 16.55% from the previous year [6][8]. - Similar trends are observed in Guangdong and Anhui, with prices decreasing by 5.03% and 10.09% respectively [6][8]. - The report suggests that coastal provinces will face significant pricing pressure in 2026, as the role of thermal power shifts from being the main energy source to a regulatory support role [7]. 2. Gas: November Natural Gas Consumption - In November 2025, the apparent consumption of natural gas reached 362.8 billion m³, marking a 5.1% increase year-on-year, while the total consumption from January to November was 3,880 billion m³, a slight decline of 0.1% [34]. - The report notes that the increase in consumption is attributed to a low base from the previous year and a recovery in industrial gas demand [34]. - The report also highlights a favorable trend in natural gas pricing, with a decrease in costs due to lower international oil prices and improved supply conditions [36]. 3. Investment Analysis Recommendations - For thermal power, the report recommends companies with integrated coal and power operations, such as Guodian Power and Inner Mongolia Huadian, as well as those with significant large unit ratios like Datang Power and Huaneng International [10]. - In the hydropower sector, companies like Yangtze Power and Guotou Power are recommended due to their sufficient capacity and expected improvements in profit margins [10]. - The report suggests focusing on nuclear power companies like China Nuclear Power and China General Nuclear Power, which have stable cost structures and high utilization hours [10]. - For green energy, companies such as Xintian Green Energy and Longyuan Power are highlighted for their stable returns and increasing operational benefits from environmental value releases [10].