第四条 公司名称 中文全称：江西九丰能源股份有限公司 公司系以发起方式设立，在赣州市市场监督管理局注册登记，并取得企业法人营业 执照，统一社会信用代码：91440101671830144D。 第三条 公司于 2021 年 4 月 23 日经中国证券监督管理委员会（以下简称"中国证 监会"）核准，首次向社会公众发行人民币普通股 8,296.9866 万股，于 2021 年 5 月 25 日在上海证券交易所上市。 第一章 总则 第一条 为维护江西九丰能源股份有限公司（以下简称"公司"）、股东、职工和 债权人的合法权益，规范公司的组织和行为，根据《中华人民共和国公司法》（以下简 称"《公司法》"）《中华人民共和国证券法》（以下简称"《证券法》"）《上市公 司章程指引》和其他有关规定，制定本章程。 第二条 公司系依照《公司法》和其他有关规定成立的股份有限公司。 成为最具价值创造力的清洁能源服务商 江西九丰能源股份有限公司章程 英文全称：Jiangxi Jovo Energy Co., Ltd. 第五条 公司住所：江西省赣州市于都县工业新区振兴大道西侧 邮政编码：342300 第六条 公司注册资本为人民币 67,892 ...

江西九丰能源股份有限公司 股东会议事规则 成为最具价值创造力的清洁能源服务商 第一章 总则 第一条 为规范公司行为，保证股东依法行使职权，根据《中华人民共和国公司法》 （以下简称"《公司法》"）《中华人民共和国证券法》（以下简称"《证券法》"） 《上市公司章程指引》《上海证券交易所股票上市规则》《上市公司治理准则》和《上 市公司股东会规则》以及其他法律、行政法规和《江西九丰能源股份有限公司章程》（以 下简称"《公司章程》"）的规定，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 第三条 公司应当严格按照法律、行政法规、《上市公司股东会规则》及《公司章 程》及本规则的规定召开股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当勤勉尽 责，确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和《公司章程》规定的范围内行使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会每年召开 1 次，应当于 上一会计年度结束之后的 6 个月内举行。临时股东会不定期召开，出现以下情形时，临 时股东会应当于相关事实发生之日起 2 ...

成为最具价值创造力的清洁能源服务商 江西九丰能源股份有限公司 募集资金使用管理办法 第一章 总则 第一条 为加强和规范江西九丰能源股份有限公司（以下简称"公司"）募集资金 的管理和使用、切实保护投资者利益、提高资金使用效率和效益，根据《中华人民共和 国公司法》《中华人民共和国证券法》（以下简称"《证券法》"）《首次公开发行股 票并上市管理办法》《上市公司证券发行管理办法》《上市公司募集资金监管规则》《上 海证券交易所股票上市规则》（以下简称"《上市规则》"）《上海证券交易所上市公 司自律监管指引第 1 号——规范运作》（以下简称"《规范运作指引》"）等法律、行 政法规、部门规章、规范性文件的有关规定及《江西九丰能源股份有限公司公司章程》 （以下简称"《公司章程》"）的规定，结合公司的实际情况，制定本办法。 公司董事会应当持续关注募集资金存放、管理和使用情况，有效防范投资风险，提 高募集资金使用效益。 第六条 公司的董事、高级管理人员应当勤勉尽责，确保公司募集资金安全，不得 操控公司擅自或者变相改变募集资金用途。 第二章 募集资金专户存储 第七条 公司应当审慎选择存放募集资金的商业银行（以下简称"商业银行"）并 ...

成为最具价值创造力的清洁能源服务商 江西九丰能源股份有限公司 独立董事工作制度 第一章 总则 第一条 为了进一步完善江西九丰能源股份有限公司（以下简称"公司"）治理结 构，促进公司规范运作，维护公司整体利益，保障全体股东特别是中小股东的合法权益 不受损害，根据《中华人民共和国公司法》（以下简称"《公司法》"）《中华人民共 和国证券法》《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指 引第 1 号——规范运作》《上市公司独立董事管理办法》等相关法律、法规，以及《江 西九丰能源股份有限公司章程》（以下简称"《公司章程》"）等有关规定，制定本制 度。 第二条 本制度所称独立董事是指不在公司担任除董事外的其他职务，并与公司及 公司主要股东、实际控制人不存在直接或者间接利害关系，或者其他可能影响其进行独 立客观判断关系的董事。 第三条 独立董事对公司及全体股东负有忠实与勤勉义务，应当按照相关法律、行 政法规、中国证券监督管理委员会（以下简称"中国证监会"）规定、上海证券交易所 业务规则和《公司章程》的规定，认真履行职责，在董事会中发挥参与决策、监督制衡、 专业咨询作用，维护公司整体利益，保护中小股东合法 ...

第一章 总则 第一条 为保证江西九丰能源股份有限公司（以下简称"公司"）与关联人之间发 生的关联交易符合公平、公正、公开的原则，确保公司关联交易行为不损害公司和股东 的利益，特别是中小投资者的合法利益，根据《中华人民共和国公司法》《中华人民 共和国证券法》《上海证券交易所股票上市规则》（以下简称"《上市规则》"）《上 海证券交易所公司自律监管指引第 5 号——交易与关联交易》等有关法律法规及《江西 九丰能源股份有限公司章程》（以下简称"《公司章程》"）的规定，制定本制度。 第二条 公司的关联交易是指公司及其控股子公司与公司关联人发生的转移资源 或义务的事项，不论是否收受价款。 成为最具价值创造力的清洁能源服务商 江西九丰能源股份有限公司 关联交易管理制度 第三条 公司的关联交易应当遵循以下基本原则： （一）平等、自愿、等价、有偿的原则； （二）公平、公正、公开的原则； （三）关联董事和关联股东回避表决； （四）处理公司与关联方之间的关联交易，不得损害股东、特别是中小股东的合法 权益，必要时可聘请独立财务顾问或专业评估机构发表意见和报告。 第四条 公司应采取有效措施防止股东及其关联人以各种形式占用或转移公司的 ...

证券代码：605090 证券简称：九丰能源 公告编号：2025-102 江西九丰能源股份有限公司 2025年第一次临时股东大会决议公告 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： 本次会议是否有否决议案：无 成为最具价值创造力的清洁能源服务商 一、会议召开和出席情况 （一） 股东大会召开的时间：2025 年 11 月 3 日 （二） 股东大会召开的地点：广东省广州市天河区林和西路耀中广场 A 座 2116 室 公司大会议室 （三） 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 516 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 448,819,640 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股份总数的比例（%） | 65.2227 | 注：截至本次股东大会股权登记日收市，公司回购专用账户中共有公司股份 7,107,934 股，根据 《上市公司股份回购规则》等相关规定，该部分股份不享有股东大 ...

法律意见书 国枫律股字[2025] A0524号 致：江西九丰能源股份有限公司（"贵公司"或"九丰能源"） 北京市东城区建国门内大街 26 号新闻大厦 7 层、8 层 电话：010-88004488/66090088 传真：010-66090016 邮编：100005 北京国枫律师事务所 关于江西九丰能源股份有限公司 2025 年第一次临时股东大会的 北京国枫律师事务所（以下简称"本所"）接受贵公司的委托，指派律师出席并 见证贵公司 2025 年第一次临时股东大会（以下简称"本次股东大会"）。 根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和 国证券法》（以下简称"《证券法》"）、《上市公司股东会规则》（以下简称"《股 东会规则》"）、《律师事务所从事证券法律业务管理办法》（以下简称"《证券法律业务 管理办法》"）、《律师事务所证券法律业务执业规则（试行）》（以下简称"《证券法律 业务执业规则》"）等相关法律、行政法规、规章、规范性文件及《江西九丰能源股份 有限公司章程》（以下简称"公司章程"）等有关规定，就本次股东大会的召集与召开 程序、召集人资格、出席会议人员资格、会议表决程序及表决 ...

Core Insights - The company reported a decline in revenue and net profit for the first three quarters of 2025, with revenue at 15.608 billion yuan (down 8.45% year-on-year) and net profit at 1.241 billion yuan (down 19.13% year-on-year) [1] - The decline in performance is attributed to extreme weather impacts, operational costs, and expenses related to employee incentive plans [1] Financial Performance - For Q3 2025, the company achieved revenue of 5.180 billion yuan (down 10.39% year-on-year) and net profit of 0.380 billion yuan (down 11.29% year-on-year) [1] - The total impact on pre-tax profit due to extreme weather and operational issues was approximately 82 million yuan and 15 million yuan, respectively [1] LNG and LPG Business Outlook - The LNG business showed resilience with steady growth in gross profit, despite a challenging market environment characterized by supply surplus and price pressure [2] - The completion of maintenance at the Guangzhou Huakai receiving station and the establishment of a dynamic operation system for LPG are expected to enhance LPG sales [2] - The company anticipates improved profitability in its LPG business following the resolution of weather-related disruptions [2] Investment Plans - The company plans to invest in a coal-to-gas project in Xinjiang, aiming to produce 5.5 billion cubic meters of synthetic natural gas annually, with a total investment of 23.033 billion yuan [3] - This project is expected to fill the company's resource gap and diversify its upstream resource pool [3] Future Revenue and Profit Projections - Revenue projections for 2025-2027 are estimated at 22.865 billion yuan, 25.18 billion yuan, and 27.138 billion yuan, with growth rates of 3.7%, 10.1%, and 7.8% respectively [4] - Net profit projections for the same period are 1.763 billion yuan, 1.966 billion yuan, and 2.104 billion yuan, with growth rates of 4.7%, 11.5%, and 7.1% respectively [4]

Core Viewpoint - The chemical industry is entering a downward cycle due to high costs and weak supply-demand dynamics, despite maintaining high capital expenditure and supply growth since the peak in 2021. However, there are "long-termist" companies capable of navigating through the cycle, providing substantial returns to investors through growth and dividends [1][2]. Group 1: Industry Overview - The chemical industry has experienced high capital expenditure and significant supply growth since the peak in 2021, but demand recovery remains relatively weak, leading to a high-cost and weak supply-demand environment [1]. - Long-termist companies in the chemical sector are characterized by strong shareholder backgrounds, excellent management capabilities, reasonable industry chain layouts, continuous R&D investment, and a strong sense of social responsibility, enabling them to achieve stable growth and sustainable development [2]. Group 2: Oil and Gas Sector - The "three major oil companies" (China National Petroleum, Sinopec, and CNOOC) are expected to maintain high capital expenditure and enhance natural gas market development, aiming for long-term growth despite oil price fluctuations [3]. - The domestic oil service companies are benefiting from high upstream capital expenditure, with improved operational quality and international competitiveness, particularly in the context of the Belt and Road Initiative [3]. Group 3: Refining and Chemical Fiber Industry - The refining and chemical fiber industry is anticipated to recover, with the refining expansion nearing completion and supply-demand dynamics expected to improve, leading to high-quality development in the sector [4]. - The polyester sector is seeing limited new capacity, with structural optimization accelerating, which is expected to enhance the market share and competitiveness of leading companies [4]. Group 4: Coal Chemical Industry - The coal chemical industry is projected to improve profitability due to a gradual easing of coal supply and demand, alongside a decline in coal prices. The transition towards modern coal chemical processes is seen as essential for traditional coal enterprises [5]. - The average prices for various coal types have decreased, with main coking coal, thermal coal, and anthracite prices showing declines of -10.5%, -2.0%, and -16.0% respectively compared to the beginning of the year [5]. Group 5: Investment Recommendations - The report suggests focusing on leading companies in the upstream oil and gas sector and oil service companies, including China National Petroleum (601857.SH), Sinopec (600028.SH), CNOOC (600938.SH), and others [6]. - For the refining and chemical fiber sector, companies like Hengli Petrochemical (600346.SH) and Rongsheng Petrochemical (002493.SZ) are recommended due to their potential benefits from industry optimization and upgrades [7]. - In the coal chemical sector, companies such as Hualu Hengsheng (600426.SH) and Baofeng Energy (600989.SH) are highlighted for their expected improvement in profitability [7]. - The report also suggests monitoring cyclical leading companies like Wanhua Chemical (600309.SH) and Satellite Chemical (002648.SZ) as demand recovers and supply-demand dynamics improve [7].

Core Viewpoint - The company reported a decline in revenue and net profit for Q1-Q3 2025, with plans for significant investment in a coal-to-gas project to enhance long-term growth potential and operational efficiency [1][2][5] Financial Performance - For Q1-Q3 2025, the company achieved revenue of 15.61 billion yuan, a year-on-year decrease of 8.5%, and a net profit of 1.24 billion yuan, down 19.1% year-on-year [1] - In Q3 2025, the company reported revenue of 5.18 billion yuan, a year-on-year decline of 10.4%, but a quarter-on-quarter increase of 4.8% [1] - The net profit for Q3 2025 was 380 million yuan, down 11.3% year-on-year but up 7.2% quarter-on-quarter [1] Project Investment - In September 2025, the company announced plans to invest up to 3.455 billion yuan in the second phase of the Xinjiang Qinghua coal-to-gas demonstration project, which aims for an annual production capacity of 4 billion cubic meters [1][2] - The project is expected to take no more than 36 months to complete and will provide the company with a 50% stake, translating to an annual production capacity of 2 billion cubic meters [1] Market Dynamics - The LNG and LPG segments showed resilience despite profit fluctuations due to external factors [1][2] - The company optimized its long-term contract structure and customer layout in the LNG sector, resulting in improved gross margins [1][2] Operational Challenges - Q3 2025 profits were impacted by extreme weather, maintenance activities, and financial costs related to stock incentives and convertible bonds, totaling a profit impact of 130 million yuan [2] Growth Strategy - The coal-to-gas project is expected to enhance upstream growth potential and strengthen the company's integrated capabilities in natural gas supply [2][3] - The project is backed by a mature industrial base in Xinjiang, with all necessary approvals in place and a professional operational team ready to support [3] Profitability Outlook - The feasibility study for the coal-to-gas project indicates an internal rate of return (IRR) of 8.2% and a payback period of 7.57 years, with projected annual sales revenue of 7.309 billion yuan and total annual profit of 1.477 billion yuan [3] - The project is expected to significantly enhance the company's profitability and support its long-term growth strategy [4] Future Projections - The company anticipates a rebound in gas prices and improved performance from the coal-to-gas project, which is expected to drive rapid growth in earnings [4][5] - The LNG and LPG segments are projected to see both volume and profit growth in Q4 2025, supported by operational improvements and market conditions [4]