向特定对象发行可转换公司债券挂牌转让事项的核查意见 中信证券股份有限公司（以下简称 "独立财务顾问"）作为江西九丰能源 股份有限公司（以下简称"九丰能源"、"上市公司"或"公司"）发行股份、 可转换公司债券及支付现金购买资产并募集配套资金项目（以下简称"本次交 易"）的独立财务顾问，根据《公司法》《证券法》《上市公司重大资产重组管 理办法》等法律法规的有关规定和要求，对九丰能源向特定对象发行的可转债"九 丰定 01"本次部分解除锁定并挂牌转让进行了核查，并出具本核查意见。 一、本次解除锁定并挂牌转让的定向可转债概况 （一）可转债发行核准及发行登记情况 中信证券股份有限公司 关于江西九丰能源股份有限公司 1 | 序 | 名称 | 法定锁定 | 持有可转债 | 持有可转债 | | --- | --- | --- | --- | --- | | 号 | | 期（月） | （张） | 金额（元） | | 1 | New Sources Investment Limited | 12 | 1,840,308 | 184,030,800 | | 2 | 李婉玲 | 12 | 1,076,663 | 107,666,300 ...

具有价值创造力的清洁能源服务商 证券代码：605090 证券简称：九丰能源 公告编号：2025-050 江西九丰能源股份有限公司 关于公司及子公司为子公司提供担保的公告 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法律责任。 重要内容提示： （一）本次担保基本情况 被担保人名称：广东九丰能源集团有限公司（以下简称"九丰集团"）、东莞 市九丰能源有限公司（以下简称"东九能源"）、东莞市九丰天然气储运有限公司 （以下简称"九丰天然气"）、新加坡碳氢能源有限公司（以下简称"碳氢能 源"）、香港怡丰天然气有限公司（以下简称"香港怡丰"）、海南九丰能源有限公 司（以下简称"海南九丰能源"），均为江西九丰能源股份有限公司（以下简称"公 司"、"上市公司"或"九丰能源"）合并报表范围内子公司。 本次担保金额：合计人民币 115,452.50 万元（人民币 79,400.00 万元，美元 5,000.00 万元；其中人民币 45,000.00 万元纳入已有的担保额度内，不会增加公司新增 担保发生额及总担保金额；涉及外币按 2025 年 6 月 19 ...

Investment Rating - The report maintains an "Overweight" rating for the public utility industry, expecting the industry index to outperform the market index by more than 10% in the next six months [47]. Core Insights - In May, the total electricity consumption in society increased by 4.4% year-on-year, reaching 809.6 billion kilowatt-hours [3][41]. - The public utility index rose by 0.1% in the last two weeks, outperforming the CSI 300 index by 1.0 percentage points, ranking 8th among 31 industries [10][12]. - The report highlights significant price movements in various sub-sectors, with the heating service sector up by 2.9% and the gas sector up by 2.6% in the last two weeks [12][14]. Summary by Sections 1. Market Review - As of June 19, the public utility index has decreased by 1.0% year-to-date, outperforming the CSI 300 index by 1.3 percentage points [10]. - Among the 131 listed companies in the public utility index, 46 saw stock price increases, with notable gains from Shouhua Gas (44.2%), GCL-Poly Energy (38.0%), and Tianhao Energy (18.6%) [14]. 2. Industry Valuation - The public utility sector's price-to-earnings (P/E) ratio is 18.4 times, with the solar power sector having a notably high P/E ratio of 711.2 times [17][18]. - The heating service sector's P/E ratio stands at 31.9 times, while the gas sector's P/E ratio is 19.1 times [17]. 3. Industry Data Tracking - The average price of Shanxi Yulin thermal coal (Q6000) was 582 yuan per ton, a 3.9% increase from the previous value [30]. - The average price of Qinhuangdao port thermal coal (Q5500) was 610 yuan per ton, a 0.3% decrease from the previous value [30][33]. 4. Key Industry News - A significant financing product combining carbon assets and transformation finance was successfully launched, achieving a financing scale of 300 million yuan [39]. - The first remote intelligent operation system for large bridge cranes at hydropower stations has completed its first annual maintenance, marking a technological advancement in the industry [39]. 5. Weekly Industry Perspective - The report suggests focusing on companies like Huadian International (600027) and Guodian Power (600795) in the thermal power sector due to the decline in average coal prices [41]. - In the gas sector, companies such as Xin'ao Co. (600803) and Jiufeng Energy (605090) are recommended for their orderly price linkage in natural gas [41].

具有价值创造力的清洁能源服务商 | 证券代码：605090 | 证券简称：九丰能源 | | 公告编号：2025-049 | | --- | --- | --- | --- | | 转债代码：110815 | 转债简称：九丰定 | 01 | | | 转债代码：110816 | 转债简称：九丰定 | 02 | | 江西九丰能源股份有限公司 关于向特定对象发行的部分可转换公司债券 解除锁定并挂牌转让的进展公告 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： 本次部分解除锁定并挂牌转让的定向可转换公司债券（以下简称"可转债"或 "转债"）简称为"九丰定 01"，转债代码为"110815"，挂牌转让日期为 2025 年 6 月 23 日。 本次部分解除锁定并挂牌转让的定向可转债为江西九丰能源股份有限公司（以 下简称"公司"、"上市公司"或"九丰能源"）购买资产所发行的部分定向可转债， 解除锁定的定向可转债数量为 3,759,410 张，面值为 100 元/张。 本次可转债解除锁定并挂牌转让后，公司剩余未达到解锁条件的定向 ...

Financial Performance - In Q1 2025, the company's operating revenue was 5.48 billion yuan, a decrease of 13.41% year-on-year [1] - The net profit attributable to shareholders was 506 million yuan, an increase of 5.40% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 468 million yuan, a year-on-year increase of 1.38% [1] - Basic earnings per share were 0.80 yuan, up 3.90% from the previous year [1] - The company's total assets at the end of the reporting period were 15.16 billion yuan, a slight increase of 0.06% from the end of the previous year [1] - Shareholders' equity attributable to the parent company was 9.85 billion yuan, an increase of 6.46% year-on-year [1] Profitability Metrics - The gross profit margin for the company was 11.72%, an increase of 2.22% year-on-year [2] - The net profit margin was 9.21%, up 1.55% from the same period last year [2] Expense Analysis - Total operating expenses for the period were 129 million yuan, an increase of 6.30 million yuan year-on-year [2] - The expense ratio was 2.36%, an increase of 0.42% compared to the previous year [2] - Sales expenses decreased by 0.39% year-on-year, while management expenses decreased by 8.51% [2] - Research and development expenses increased by 42.81%, and financial expenses surged by 476.23% [2] Company Background - Jiufeng Energy, founded on February 27, 2008, is based in Guangzhou, Guangdong Province, and was listed on May 25, 2021 [4] - The company specializes in liquefied natural gas (LNG), liquefied petroleum gas (LPG), methanol, and dimethyl ether (DME) [4]

Core Viewpoint - Jiufeng Energy (SH605090) reported its 2024 annual results, showing a decline in revenue but an increase in net profit, indicating a mixed financial performance [1]. Financial Performance - The company's operating revenue for 2024 was 22.047 billion, a decrease of 17.01% compared to the previous year [2]. - The net profit attributable to shareholders was 1.684 billion, an increase of 28.93% year-on-year [2]. - The net profit after deducting non-recurring gains and losses was 1.350 billion, reflecting a growth of 1.12% [2]. - Basic earnings per share stood at 2.71 yuan [2]. Profitability Metrics - Jiufeng Energy's gross margin for 2024 was 9.33%, up by 1.51% from the previous year [3]. - The net profit margin improved to 7.65%, an increase of 2.70% year-on-year [3]. Cash Flow and Expenses - The net cash flow from operating activities was 20.468 billion, down by 5.16% compared to 2023 [2]. - Total operating expenses for the year were 544 million, an increase of 54.6492 million year-on-year, with an expense ratio of 2.47%, up by 0.63% [3]. - Sales expenses rose by 12.21%, management expenses increased by 5.81%, R&D expenses surged by 133.08%, and financial expenses grew by 38.81% [3]. Employee Statistics - The total number of employees at Jiufeng Energy in 2024 was 1,790, a slight increase from 1,784 in the previous year [4]. Executive Compensation - Total remuneration for directors, supervisors, and senior management in 2024 amounted to 18.9158 million, with the highest-paid executive being Vice President Cai Jianbin, who received 3.1763 million [5].

Core Viewpoint - The independent financial advisor, CITIC Securities, has verified the listing and circulation of restricted shares generated from the conversion of certain convertible bonds issued by Jiangxi Jiufeng Energy Co., Ltd. The verification confirms compliance with relevant laws and regulations, and the shares will be released for trading on June 23, 2025 [1][2]. Summary by Sections 1. Restricted Shares Release Situation - A total of 2,024,535 restricted shares will be released for trading due to the conversion of the "Jiufeng Ding 01" convertible bonds before the lifting of restrictions. These shares are set to be listed on June 23, 2025 [1]. - The only holder of the restricted convertible bonds is Chengdu Wansheng Hengtai Enterprise Management Center (Limited Partnership), which holds 774,605 convertible bonds, resulting in the total number of restricted shares [1]. 2. Changes in Share Capital Structure - Before the change, the number of restricted circulating shares was 6,561,586, which will decrease by 4,069,683 to 2,491,903 after the release [1]. - The number of shares from the convertible bond conversion was 2,024,535, which will be fully released, resulting in zero remaining restricted shares from this source [1]. - The total number of unrestricted circulating shares will increase from 645,021,623 to 649,091,306 after the release [1].

具有价值创造力的清洁能源服务商 | 证券代码：605090 | 证券简称：九丰能源 | | 公告编号：2025-048 | | --- | --- | --- | --- | | 转债代码：110815 | 转债简称：九丰定 | 01 | | | 转债代码：110816 | 转债简称：九丰定 | 02 | | 江西九丰能源股份有限公司 关于向特定对象发行的部分可转换公司债券 解除锁定并挂牌转让的公告 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法律责任。 重要内容提示： 本次部分解除锁定并挂牌转让的定向可转换公司债券（以下简称"可转债"或 "转债"）简称为"九丰定 01"，转债代码为"110815"，挂牌转让日期为 2025 年 6 月 23 日。 本次部分解除锁定并挂牌转让的定向可转债为江西九丰能源股份有限公司（以 下简称"公司"、"上市公司"或"九丰能源"）购买资产所发行的部分定向可转债， 解除锁定的定向可转债数量为 3,759,584 张，面值为 100 元/张。 1 具有价值创造力的清洁能源服务商 简称"交易对方"）发行股份、 ...

具有价值创造力的清洁能源服务商 证券代码：605090 证券简称：九丰能源 公告编号：2025-046 江西九丰能源股份有限公司 关于非公开发行的部分限售股上市流通的公告 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： （一）股份发行核准及发行登记情况 2022 年 11 月 10 日，中国证券监督管理委员会（以下简称"中国证监会"）向江西 九丰能源股份有限公司（以下简称"公司"、"上市公司"或"九丰能源"）下发了《关 于核准江西九丰能源股份有限公司向 New Sources Investment Limited 等发行股份、可转 换公司债券购买资产并募集配套资金的批复》（证监许可[2022]2827 号）。 根据上述核准批复，公司向四川远丰森泰能源集团有限公司（前身为四川远丰森泰 能源集团股份有限公司）（以下简称"森泰能源"或"标的公司"）原全体股东（以下 简称"交易对方"）发行股份、可转换公司债券及支付现金购买其持有的森泰能源 100% 股权（以下简称"本次购买资产"或"本次交易"）。 2022 年 1 ...

具有价值创造力的清洁能源服务商 | 序号 | 可转债持有人/股东名称 | 已用于转股的 限售可转债 | 限售可转债转股 产生的剩余限售 | 本次解除限售 上市流通数量 | 剩余限售股 数量（股） | | | --- | --- | --- | --- | --- | --- | --- | | | | 数量（张） | 股数量（股） | （股） | | | | 1 | 成都万胜恒泰企业管理中心 （有限合伙） | 695,970 | 1,820,958 | 1,820,958 | | 0 | | 2 | 高道全 | 39,510 | 102,066 | 102,066 | | 0 | | 3 | 周涛 | 25,784 | 66,278 | 66,278 | | 0 | | 4 | 刘志腾 | 12,891 | 33,136 | 33,136 | | 0 | | 5 | 赵同平 | 450 | 2,097 | 2,097 | | 0 | | | 合计 | 774,605 | 2,024,535 | 2,024,535 | | 0 | 证券代码：605090 证券简称：九丰能源 公告编号：2025-047 江西九丰 ...