一、可转债发行上市概况 （一）可转债发行情况 | 证券代码：603689 | 证券简称：皖天然气 | 编号：2025-084 | | --- | --- | --- | | 债券代码：113631 | 债券简称：皖天转债 | | 安徽省天然气开发股份有限公司 关于"皖天转债"可能满足赎回条件的提示性公告 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。 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准安徽省 天然气开发股份有限公司公开发行可转换公司债券的批复》（证监许可〔2021〕 2733号）核准，公司于2021年11月8日向不特定对象发行了930万张可转换公司债 券，每张面值为人民币100.00元，募集资金总额为人民币93,000万元，扣除不含 税的发行费用人民币297.97万元后，募集资金净额为人民币92,702.03万元。上 述募集资金已于2021年11月12日到位。上述资金到位情况业经容诚会计师事务所 （特殊普通合伙）容诚验字〔2021〕230Z0276号《验资报告》审验。公司对募集 资金采取了专户存储制度 ...

Group 1 - The core viewpoint of the news is that Anhui Gas has shown a positive stock performance with a 5.83% increase year-to-date and a recent rise in trading activity, indicating potential investor interest [1] - As of November 3, Anhui Gas's stock price reached 9.08 CNY per share, with a market capitalization of 4.451 billion CNY and a trading volume of 38.3854 million CNY [1] - The company has seen a net inflow of main funds amounting to 6.775 million CNY, with significant buying activity from large orders [1] Group 2 - For the period from January to September 2025, Anhui Gas reported operating revenue of 3.812 billion CNY, a year-on-year decrease of 10.30%, and a net profit attributable to shareholders of 262 million CNY, down 7.31% year-on-year [2] - The company has distributed a total of 761 million CNY in dividends since its A-share listing, with 459 million CNY distributed over the past three years [3] Group 3 - Anhui Gas's main business segments include long-distance pipeline construction and operation (57.28%), urban gas (33.42%), CNG/LNG (6.23%), charging and swapping business (1.92%), and other supplementary services (1.15%) [1] - The company is classified under the public utility sector, specifically in gas services, and is associated with concepts such as natural gas, Anhui state-owned assets, state-owned enterprise reform, small-cap stocks, and the automotive aftermarket [1]

Core Viewpoint - Wan Gas is a significant player in the natural gas industry in Anhui Province, with a focus on long-distance gas pipelines and various gas-related services, facing challenges in revenue and profit growth in recent quarters [1][2][6]. Group 1: Company Overview - Wan Gas was established on February 14, 2003, and listed on the Shanghai Stock Exchange on January 10, 2017, with its headquarters in Hefei, Anhui Province [1]. - The company specializes in the construction and operation of long-distance natural gas pipelines, CNG/LNG, and urban gas services, holding a first-mover advantage in the province [1]. Group 2: Financial Performance - For Q3 2025, Wan Gas reported revenue of 3.812 billion yuan, ranking 11th in the industry, while the net profit was 267 million yuan, ranking 10th [2]. - The company's revenue for the first three quarters of 2025 was 3.812 billion yuan, a year-on-year decline of 10.3%, and the net profit was 262 million yuan, down 7.31% [6]. Group 3: Financial Ratios - As of Q3 2025, Wan Gas had a debt-to-asset ratio of 47.71%, which is higher than the industry average of 46.36% [3]. - The gross profit margin for the same period was 12.81%, below the industry average of 16.52% [3]. Group 4: Management Compensation - The chairman, Wu Hai, received a salary of 818,800 yuan in 2024, an increase of 97,500 yuan from 2023 [4]. - The general manager, Tao Qingfu, earned 674,700 yuan in 2024, up 64,000 yuan from the previous year [4]. Group 5: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 0.98% to 15,200, while the average number of circulating A-shares held per shareholder increased by 0.98% to 31,900 [5]. Group 6: Future Outlook - National Investment Securities projects Wan Gas's revenue for 2025 to be 5.918 billion yuan, with a growth rate of 2.1%, and net profit to be 376 million yuan, with a growth rate of 13% [6].

Investment Rating - The investment rating for the company is maintained at "Buy-A" with a target price of 10.73 CNY, while the current stock price is 8.72 CNY [6]. Core Views - The company reported a decline in revenue and net profit for the third quarter of 2025, with revenue at 1.138 billion CNY, down 14.30% year-on-year, and net profit at 77.39 million CNY, down 16.91% year-on-year [1]. - The company is focusing on cost control and enhancing its natural gas pipeline transportation efficiency, with a gross margin increase of 0.6 percentage points to 12.81% [2]. - The company has a strong regional advantage in the Anhui natural gas market, with its pipeline network covering 16 cities and 41 counties [3]. Summary by Sections Financial Performance - For the first three quarters of 2025, the company achieved revenue of 3.812 billion CNY, a decrease of 10.30% year-on-year, and a net profit of 262 million CNY, down 7.31% year-on-year [1]. - The company expects revenues for 2025-2027 to be 5.918 billion CNY, 6.629 billion CNY, and 7.464 billion CNY, with growth rates of 2.1%, 12%, and 12.6% respectively [4]. Operational Strategy - The company is actively extending its industrial chain and enhancing its pipeline transportation capabilities, which is expected to support downstream market development [3]. - The company is implementing smart management applications in urban gas distribution, utilizing IoT devices for real-time data collection [2]. Market Position - The company has established a competitive position in the natural gas market in Anhui, leveraging its pipeline infrastructure to provide stable transportation services [3]. - The company is also exploring opportunities in LNG resources to enhance its market competitiveness [3].

| 证券代码：603689 | 证券简称：皖天然气 | 编号：2025-083 | | --- | --- | --- | | 债券代码：113631 | 债券简称：皖天转债 | | 安徽省天然气开发股份有限公司（以下简称"本公司"）于 2021 年 11 月 8 日发行的可转换公司债券（以下简称"本期债券"或"皖天转债"），将于 2025 年 11 月 10 日开始支付自 2024 年 11 月 8 日至 2025 年 11 月 7 日期间的利息。根 据《安徽省天然气开发股份有限公司公开发行可转换公司债券募集说明书》（以 下简称"《募集说明书》"）及《安徽省天然气开发股份有限公司公开发行可转 换公司债券上市公告书》（以下简称"《上市公告书》"）有关条款的规定，现 将有关事项公告如下： 一、可转债发行上市概况 1.债券名称：安徽省天然气开发股份有限公司可转换公司债券 可转债付息债权登记日：2025年11月7日 可转债除息日：2025年11月10日 可转债兑息日：2025年11月10日 本次每百元兑息金额：1.5元 2.债券代码：113631 3.债券简称：皖天转债 4.债券类型：可转换为公司 A 股股票的可转 ...

Core Viewpoint - The company, Anhui Natural Gas Development Co., Ltd., has announced several important updates regarding its financial management, board changes, and upcoming shareholder meetings, emphasizing transparency and compliance with legal obligations [8][11][69]. Financial Management - The company plans to use up to RMB 60 million of temporarily idle raised funds for cash management, investing in low-risk financial products such as bank wealth management products or structured deposits [44][50]. - The decision to manage idle funds aims to enhance the efficiency of fund utilization and increase returns for the company and its shareholders [46][59]. Board Changes - The company has accepted the resignation of Vice Chairman Ji Weiyi due to work changes and has nominated Zhou Hengxiang as a candidate for a non-independent director position [69][70]. - The nomination will be submitted for approval at the upcoming shareholder meeting [70]. Shareholder Meeting - The fourth temporary shareholder meeting is scheduled for November 14, 2025, where several important resolutions will be discussed, including the approval of the revised company articles and the nomination of the new director [22][18]. - The meeting will utilize both on-site and online voting methods to facilitate shareholder participation [22][23]. Investor Communication - An investor performance briefing is set for November 25, 2025, to discuss the company's third-quarter results and address investor inquiries [62][63]. - The meeting will be held online, allowing for interactive communication between the company and investors [65].

Group 1 - The company, Wan Gas, announced the convening of its fifth board meeting on October 29, 2025, to review the semi-annual report and related documents [1] - For the year 2024, the revenue composition of Wan Gas is as follows: natural gas sales account for 98.2%, charging and swapping services account for 1.12%, and other businesses account for 0.68% [1] - As of the report date, Wan Gas has a market capitalization of 4.3 billion yuan [1]

Core Viewpoint - Anhui Gas (603689.SH) reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The company achieved an operating revenue of 3.812 billion yuan, representing a year-on-year decrease of 10.3% [1] - The net profit attributable to shareholders was 262 million yuan, down 7.31% year-on-year [1] - Basic earnings per share stood at 0.54 yuan [1]

| 序号 | 原章程的内容 | 修改后的内容 | | --- | --- | --- | | | （二）符合条件的公司党委领 | （二）符合条件的公司党委领 | | | 导班子成员可以通过法定程序进入 | 导班子成员可以通过法定程序进入 | | | 董事会、经理层，董事会、经理层 | 董事会、经理层，董事会、经理层 | | | 成员中符合条件的党员可按照有关 | 成员中符合条件的党员可按照有关 | | | 规定和程序进入公司党委。 | 规定和程序进入公司党委。 | 除上述修订外，《公司章程》其他条款保持不变。 上述事项尚需提交公司 2025 年第四次临时股东会审议。待股东会审议通过 后，公司将办理相应的工商备案手续。 修订后《公司章程》内容详见上海证券交易所网站（www.sse.com.cn）。 | 证券代码：603689 | 证券简称：皖天然气 | 公告编号：2025-078 | | --- | --- | --- | | 债券代码：113631 | 债券简称：皖天转债 | | 安徽省天然气开发股份有限公司 关于修订《公司章程》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 ...

| 证券代码：603689 | 证券简称：皖天然气 | 公告编号：2025-079 | | --- | --- | --- | | 债券代码：113631 | 债券简称：皖天转债 | | 安徽省天然气开发股份有限公司 关于董事变更暨提名董事候选人的公告 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个别及连带责任。 安徽省天然气开发股份有限公司近日收到副董事长纪伟毅先生的辞职报告， 纪伟毅先生因工作变动，辞去副董事长、董事及相应董事会专门委员会职务。公 司及董事会对纪伟毅先生任职期间为公司所做出的贡献表示衷心感谢。 为保障董事会正常运作，结合公司经营发展需要，根据《公司法》等相关法 律法规以及《公司章程》的规定，公司于 2025 年 10 月 29 日召开第五届董事会 第三次会议，审议并通过了《关于提名公司第五届董事会董事候选人的议案》， 同意提名周衡翔先生为公司第五届董事会非独立董事候选人（简历见附件），任 期自股东会审议通过之日起至公司第五届董事会届满之日止，并将该议案提交公 司股东会审议，股东会具体事宜详见《关于召开 2025 年 ...