Group 1 - The core point of the article is the resignation of Xiao Chunlin from his positions at Shenzhen Gas Group Co., Ltd. due to work adjustments [1] - The resignation was officially announced on November 12, and it does not affect the minimum number of board members required for the company's operations [1][5] - After his resignation, Xiao Chunlin will not hold any positions within the company, and he did not own any shares in Shenzhen Gas at the time of the announcement [1][5] Group 2 - The resignation is effective immediately upon delivery to the board of directors [1] - The original term for Xiao Chunlin was set to expire in January 2026, but he has stepped down earlier due to personal reasons [5] - The company will continue its normal operations without disruption following this change in leadership [1][5]

Core Insights - Shenzhen Gas experienced a slight increase of 0.15% in stock price on November 11, with a trading volume of 1.03 billion yuan [1] - The company reported a financing net buy of -895,700 yuan on the same day, indicating a higher level of financing repayment compared to new purchases [1] - As of November 11, the total financing and securities lending balance for Shenzhen Gas was 241 million yuan, with a financing balance of 238 million yuan, representing 1.21% of the circulating market value [1] Financing and Securities Lending - On November 11, Shenzhen Gas had a financing buy of 12.1 million yuan, with the current financing balance being 238 million yuan, which is below the 50th percentile level over the past year [1] - In terms of securities lending, 23,700 shares were repaid while 14,000 shares were sold, with the selling amount calculated at 96,200 yuan [1] - The securities lending balance stood at 3.26 million yuan, which is above the 90th percentile level over the past year, indicating a high level of short interest [1] Company Performance - As of September 30, the number of shareholders for Shenzhen Gas increased to 48,600, a rise of 4.48%, while the average circulating shares per person decreased by 4.29% to 59,203 shares [2] - For the period from January to September 2025, Shenzhen Gas reported a revenue of 22.528 billion yuan, reflecting a year-on-year growth of 8.63%, while the net profit attributable to shareholders decreased by 13.08% to 918 million yuan [2] Dividend and Shareholding Structure - Since its A-share listing, Shenzhen Gas has distributed a total of 5.409 billion yuan in dividends, with 1.295 billion yuan distributed over the past three years [3] - As of September 30, 2025, the top ten circulating shareholders included Hong Kong Central Clearing Limited as the ninth largest shareholder with 14.9077 million shares, marking a new entry [3] - ICBC Dividend Preferred Mixed A (005833) ranked as the tenth largest shareholder with 14.4567 million shares, remaining unchanged from the previous period, while Southern CSI 500 ETF (510500) exited the top ten list [3]

Core Viewpoint - Shenzhen Gas Group Co., Ltd. announced the resignation of director Xiao Chunlin due to work adjustments, which will not affect the normal operation of the board [2][3]. Group 1: Director Resignation - Director Xiao Chunlin submitted his resignation application, which has been accepted by the board, and he will no longer hold any position within the company [2][3]. - The resignation does not lead to a decrease in the number of board members below the legal minimum, ensuring the board's functionality remains intact [3]. - The company expressed gratitude for Xiao Chunlin's contributions during his tenure [3]. Group 2: Investor Communication - The company will hold a Q3 2025 performance briefing on November 26, 2025, from 11:00 AM to 12:00 PM at the Shanghai Stock Exchange Roadshow Center [5][12]. - Investors can submit questions for the briefing from November 19 to November 25, 2025, through the Shanghai Stock Exchange Roadshow Center website or via email [6][9]. - The briefing aims to provide insights into the company's Q3 2025 operational results and financial status, allowing for interactive communication with investors [7][10].

Core Viewpoint - Shenzhen Gas announced the resignation of director Xiao Chunlin due to work adjustments, and he will no longer hold any positions within the company after his resignation [1] Company Summary - The board of directors received Xiao Chunlin's resignation application, which includes his roles as a director and a member of the strategic committee [1] - Following his resignation, Xiao Chunlin will not hold any positions in the company [1]

Group 1 - Shenzhen Gas announced the resignation of Mr. Xiao Chunlin from the positions of director and member of the strategic committee due to work adjustments [1] - After his resignation, Mr. Xiao Chunlin will not hold any position within the company [1] Group 2 - For the first half of 2025, Shenzhen Gas's revenue composition is as follows: pipeline gas accounts for 53.28%, natural gas wholesale for 16.96%, photovoltaic film for 12.56%, LPG wholesale for 5.12%, and gas engineering and materials for 5.02% [1] - As of the latest report, Shenzhen Gas has a market capitalization of 19.8 billion yuan [2]

证券代码：601139 证券简称：深圳燃气 公告编号：2025-053 转债代码：113067 转债简称：燃 23 转债 深圳燃气关于召开 2025 年第三季度业绩说明会的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 深圳市燃气集团股份有限公司（以下简称"公司"）已于 2025 年 10 月 29 日公开 披露公司 2025 年第三季度报告，为便于广大投资者更全面深入地了解公司 2025 年 第三季度的经营成果、财务状况，公司计划于 2025 年 11 月 26 日上午 11:00-12:00 举行 2025 年第三季度业绩说明会，就投资者关心的问题进行交流。 就投资者普遍关注的问题进行回答。 二、说明会召开的时间、地点 （一）会议召开时间：2025 年 11 月 26 日（星期三）上午 11:00-12:00 （二）会议召开地点：上证路演中心 （三）会议召开方式：上证路演中心网络互动 三、参加人员 董事长：王文杰 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2 ...

| | | | 原定任 | | 是否继续 在上市公 | 具体职 | 是否存 在未履 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 离任职 | 离任时 | | 离任原 | | | | | 姓名 | 务 | 间 | 期到期 | 因 | 司及其控 | 务（如 | 行完毕 | | | | | 日 | | 股子公司 | 适用） | 的公开 | | | | | | | 任职 | | 承诺 | | 肖春林 | 董事、 | 2025 年 | 2026年 1 | 工作调 | 否 | 不适用 | 否 | | | 战略委 | 11 月 7 | 月 15 日 | 整 | | | | | | 员会委 | 日 | | | | | | | | 员 | | | | | | | (二) 离任对公司的影响 近日，公司董事会收到公司董事肖春林辞职申请，因工作调整原因，肖春林 先生申请辞去公司董事、战略委员会委员等职务。根据《公司法》《公司章程》 等有关规定，肖春林先生辞职未导致公司董事会成员人数低于法定最低人数，不 影响公司董事会的正常运作，辞职申请自送达公司董事会之日起生效。辞职 ...

深圳燃气公告，公司董事肖春林先生因工作调整原因，提出辞职申请，辞去董事、战略委员会委员等职 务。辞职自送达董事会之日起生效。肖春林先生辞职未导致董事会成员人数低于法定最低人数，不影响 公司董事会正常运作。辞职后，肖春林先生将不担任公司任何职务，且未持有公司股份。 ...

Core Insights - The POE film concept has seen a rise of 1.76%, ranking 6th among concept sectors, with 22 stocks increasing in value, including notable gainers such as Tuori New Energy and *ST Green Health, which hit the daily limit, and others like Fulei Ant and Fengguang Co., which rose by 6.99%, 5.05%, and 4.04% respectively [1][2] Market Performance - The top-performing concept sectors today include Cultivated Diamonds with a rise of 6.08%, Perovskite Batteries at 2.98%, and Dairy Industry at 2.37%, while sectors like Chinese AI 50 and Internet Insurance saw declines of -1.76% and -1.43% respectively [2] - The POE film concept attracted a net inflow of 0.84 billion yuan from major funds, with 11 stocks receiving net inflows, and 5 stocks exceeding 10 million yuan in net inflow. The leading stock in net inflow was Baofeng Energy, with 1.19 billion yuan, followed by Tuori New Energy and Wanhua Chemical with 1.08 billion yuan and 344.73 million yuan respectively [2][3] Fund Flow Analysis - The stocks with the highest net inflow ratios include Tuori New Energy at 50.39%, *ST Green Health at 48.08%, and Dingjide at 12.66% [3] - The detailed fund flow for the POE film concept shows Baofeng Energy with a 2.01% increase and a net inflow of 118.52 million yuan, while Tuori New Energy had a significant increase of 10.13% with a net inflow of 108.44 million yuan [3][4]

Investment Rating - The report provides a positive investment outlook for various sectors within the energy industry, particularly highlighting opportunities in hydropower, green energy, nuclear power, thermal power, and gas sectors [10][30]. Core Insights - The electricity market in the State Grid operating area has achieved near-complete coverage of the electricity spot market, with significant developments in provinces such as Shanxi, which has seen a 128.75% increase in new energy and clean energy installed capacity since the 14th Five-Year Plan [4][9]. - Natural gas prices have shown a divergent trend globally, with increases in Europe and the US, while prices in Asia remain stable due to ample supply [11][30]. Summary by Sections 1. Electricity - The State Grid has implemented a continuous settlement trial for the electricity spot market in Sichuan and Chongqing, marking a significant step towards full coverage [4][7]. - Shanxi's electricity spot market has recorded a total clearing volume of 156.23 billion kWh in the first half of 2025, with real-time average prices reflecting a "two peaks and one valley" pattern [9][10]. 2. Natural Gas - As of November 7, 2025, the Henry Hub spot price in the US reached $3.76/mmBtu, reflecting a weekly increase of 5.52%, while European prices also saw upward trends [11][12]. - The report notes that the LNG national ex-factory price in China is 4382 yuan/ton, with a slight weekly decrease of 0.57% [28][30]. 3. Investment Recommendations - Hydropower: Favorable conditions for winter and spring generation, recommending companies like Guotou Power and Chuan Investment Energy [10]. - Green Energy: Increased stability in returns for existing projects, suggesting attention to companies like New Energy and Longyuan Power [10]. - Nuclear Power: Long-term growth potential remains strong, with recommendations for China Nuclear Power and China General Nuclear Power [10]. - Thermal Power: Improved profitability due to lower fuel costs, recommending companies like Guodian Power and Huaneng International [10]. - Gas Sector: Favorable conditions for city gas companies, recommending Kunlun Energy and New Energy [30]. 4. Company and Industry Dynamics - As of September 2025, China's new energy storage capacity exceeded 100 million kW, accounting for over 40% of the global total [39]. - The report highlights the steady growth in electricity market transactions, with a total of 4.92 trillion kWh traded by September 2025, marking a 7.2% year-on-year increase [39].