（文章来源：每日经济新闻） 物产环能8月18日晚间发布半年度业绩报告称，2025年上半年营业收入约184.22亿元，同比减少7.56%； 归属于上市公司股东的净利润约3.02亿元，同比减少15.96%；基本每股收益0.54元，同比减少15.63%。 ...

（文章来源：每日经济新闻） 物产环能8月18日晚间发布公告称，公司第五届第十四次董事会会议于2025年8月15日在公司会议室以现 场结合通讯方式召开。会议审议了《关于2025年半年度报告及摘要的议案》等文件。 ...

证券代码：603071 证券简称：物产环能 公告编号：2025-037 浙江物产环保能源股份有限公司 关于 2025年度"提质增效重回报"行动方案 半年度评估报告 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。 浙江物产环保能源股份有限公司（以下简称"公司"）为深入贯彻落实党的 二十大和中央金融工作会议精神，全面践行中央重大决策部署，积极响应国务院 《关于进一步提高上市公司质量的意见》指导要求及上海证券交易所"提质增效 重回报"专项行动倡议，切实推动上市公司高质量发展，于 2025 年 3 月 8 日披 露《浙江物产环保能源股份有限公司关于 2025 年度"提质增效重回报"行动方 案的公告》，并通过系统化战略部署与精准施策积极开展和落实相关工作。根据 专项行动倡议等有关规定，现将公司 2025 年度"提质增效重回报"行动方案上 半年的执行和实施效果主要情况报告如下： 一、聚焦主责主业，提升经营质量 公司始终锚定"成为绿色高效的环保能源综合服务引领者"战略愿景，围绕 "环保、能源"两大主题，不断优化"能源贸易+能源实业"双轮驱动 ...

浙江物产环保能源股份有限公司 关于对物产中大集团财务有限公司 2025 年半年度的风险评估报告 浙江物产环保能源股份有限公司（以下简称"公司"）通过查验物产中大集团 财务有限公司（以下简称"财务公司"）《金融许可证》《企业法人营业执照》等 证件资料，并查阅了财务公司 2025 年 6 月 30 日的资产负债表、所有者权益变动 表、2025 年上半年度的利润表和现金流量表，对财务公司的经营资质、业务和 风险状况进行了评估，现将有关风险评估情况报告如下： 一、财务公司基本情况 财务公司成立于 2015 年 12 月 18 日，是经国家金融监督管理总局（原中国 银行保险监督管理委员会）批准设立的非银行金融机构。财务公司由物产中大集 团股份有限公司（以下简称"物产中大集团"）、物产中大金属集团有限公司（以 下简称"物产中大金属"）和浙江物产元通汽车集团有限公司（以下简称"元通 汽车"）共同出资设立，财务公司法定代表人蔡才河，注册资本 15 亿元，注册 地址为浙江省杭州市拱墅区中大广场 1 号 7 楼。 截至本报告出具之日，物产中大集团、物产中大金属、元通汽车对财务公司 分别持股 60%、20%、20%。 财务公司经营 ...

浙江物产环保能源股份有限公司2025 年半年度报告 公司代码：603071 公司简称：物产环能 浙江物产环保能源股份有限公司 2025 年半年度报告 1 / 182 浙江物产环保能源股份有限公司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、 公司负责人陈明晖、主管会计工作负责人张健及会计机构负责人（会计主管人员）张健声 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 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略、经营计划及目标等前瞻性描述不构成公司对投资者 的实质承诺，投资者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与承 诺之间的差异。敬请投资者注意不恰当信赖或使用此类信息可能造成的投资风险。 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 ...

营业收入变动原因说明：营业收入本期较上年同期减少15.07亿元，其中因煤炭销售量增长增加收入 25.93亿元，因煤炭价格下跌减少收入40.36亿元，因热电联产、新能源及其他业务收入变动减少收入 0.64亿元。 格隆汇8月18日丨物产环能(603071.SH)公布2025年半年度报告，报告期实现营业收入184.22亿元，同比 下降7.56%；归属于上市公司股东的净利润3.02亿元，同比下降15.96%；归属于上市公司股东的扣除非 经常性损益的净利润2.92亿元，同比下降16.18%；基本每股收益0.54元。 ...

物产环能公告，2025年上半年营业收入184.22亿元，同比下降7.56%。净利润3.02亿元，同比下降 15.96%。 ...

Investment Rating - The industry investment rating is optimistic [1] Core Viewpoints - The report indicates that the inventory at Beigang is rapidly decreasing, and the price of coke has seen a third round of increases, leading to a continued rise in coking coal prices [4][10] - The coal supply is constrained due to heavy rains and typhoons, which, combined with the high temperatures during peak summer demand, is expected to push coal prices higher [4][11] - The report highlights that the coal sector has underperformed the market index, with the Shanghai Composite Index experiencing a pullback after surpassing 3600 points [5][38] Summary by Sections Market Performance - The equity market showed a downward trend, with the coal sector significantly underperforming the index, as indicated by a weekly decline of 4.67% in the coal sector [5][10] - The average daily trading volume remained around 1.8 trillion yuan, with fluctuations in financing purchases [5][10] Thermal Coal - The price of thermal coal continues to rise, driven by supply constraints from adverse weather conditions and regulatory checks on coal production [10][11] - The average daily consumption of coal by southern power plants has increased, reflecting a rise in demand due to high temperatures [10][12] Coking Coal - The price of coking coal has also increased, supported by a recovery in steel mill profitability and ongoing inventory replenishment despite some marginal demand weakening [23][24] - The report notes that the third round of price increases for coke has been implemented, further stimulating demand for coking coal [23][24] Shipping Situation - The number of vessels at anchor in the Bohai Rim has decreased, while shipping rates have risen across various routes, indicating a tightening supply chain [31][32] Industry News - A cooperation agreement has been established between Shizuishan and Hami for coal resource supply, indicating a strategic move towards regional energy collaboration [34] - The International Energy Agency projects a slight increase in global coal demand in 2025, driven by consumption growth in emerging economies [34]

Investment Rating - The report maintains a "Buy" rating for several companies in the power and gas sectors, including China Power, Huaneng International, and Kunlun Energy, among others [49][51]. Core Insights - The adjustment of capacity prices for coal and gas power plants in Guangdong is expected to improve profitability for gas power plants significantly, with capacity prices increasing by 65% to 296% depending on the type of gas plant [4][10]. - The rapid development of renewable energy installations in Guangdong has increased the reliance on coal power for flexible peak regulation, with renewable energy capacity reaching 59.13 million kW by the end of 2024, accounting for 26.6% of the total installed capacity [9][10]. - The report highlights the geopolitical factors affecting natural gas prices, with European gas prices experiencing a slight increase due to renewed geopolitical tensions, while U.S. gas prices remain stable [13][20]. Summary by Sections 1. Power Sector - Guangdong has raised the capacity price for coal power plants to 165 RMB per kW per year starting January 1, 2026, and for gas power plants, prices will range from 165 to 396 RMB per kW per year starting August 1, 2025 [8][10]. - The increase in capacity prices is expected to provide annual revenue boosts of 1.72 billion RMB for Guangdong Power A and 350 million RMB for Guangzhou Development [11]. 2. Gas Sector - As of August 1, 2025, the Henry Hub spot price is $3.00/mmBtu, while the TTF spot price in Europe is €32.95/MWh, reflecting a week-on-week increase of 2.74% [13][14]. - The report notes that the domestic LNG price is 4388 RMB per ton, showing a week-on-week decrease of 1.06% [32]. 3. Market Review - The gas sector outperformed the Shanghai and Shenzhen 300 index, while the public utility, power, and environmental sectors lagged behind [39]. 4. Company and Industry Dynamics - The National Energy Administration has released guidelines to enhance the management of natural gas pipeline transportation prices, promoting transparency and optimizing resource allocation [37]. - The report discusses the performance of key companies, including Huaneng International and Inner Mongolia Huadian, with varying revenue and profit trends [44].

Group 1 - The company announced the approval of the acquisition of 100% equity of Huzhou South Taihu Power Technology Co., Ltd. during the fourth extraordinary general meeting of shareholders in 2025 [2]