值得关注的是，本次会谈中，双方重点就深化与蓝天集团的合作进行了务实沟通，并达成重要共识。蓝 天集团作为扎根驻马店近40年的百亿级综合性企业集团，目前已发展成为集燃气、置业、实业于一体的 百亿级企业，其控股子公司蓝天燃气（股票代码：605368）更是驻马店市唯一在主板上市的企业。截至 2024年，蓝天集团资产规模达135.61亿元，年营业收入108.87亿元，净利润4.97亿元，年纳税超过3亿 元，并先后荣获"全国就业先进企业""中国优秀民营企业""中国民营500强企业""河南省优秀非公有制企 业""驻马店市重点骨干企业""重点纳税贡献突出企业"等称号，在区域经济发展、能源保供、社会公益 等方面发挥着重要作用。 此次合作的意义，不仅在于政企双方资源的进一步整合，更意味着蓝天集团有望步入"政府支持+国资 赋能+民企运营"的全新发展阶段。依托产业规划、资本运作、战略布局等方面的系统性支持，蓝天集 团有望进一步夯实其在燃气、置业等核心业务领域的优势，其下一阶段的高质量发展打开了新的想象空 间。 分析人士指出，驻马店市政府与河南投资集团此次围绕蓝天集团达成的合作共识，正是"地方政府+国 有资本+民营企业"合作模式的范例 ...

河南蓝天燃气股份有限公司 2025年第三次临时股东会会议材料 $$\Xi=\Re=\Im\Phi+=\Im\Phi$$ 河南·驻马店 河南蓝天燃气股份有限公司 2025 年第三次临时股东会会议材料 目 录 | 2025 | 年第三次临时股东会会议议程 2 | | --- | --- | | 2025 | 年第三次临时股东会会议须知 4 | | 关于聘请公司 | 2025 年度审计机构的议案 5 | 1 河南蓝天燃气股份有限公司 2025 年第三次临时股东会会议材料 河南蓝天燃气股份有限公司 2025 年第三次临时股东会会议议程 现场会议时间：2025 年 12 月 25 日 下午 14 点 网络投票时间：通过交易系统投票平台的投票时间为 2025 年 12 月 25 日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过互联网投 票平台的投票时间为股东会召开当日的 9:15-15:00。 会议地点：河南省驻马店市解放路 68 号河南蓝天燃气股份有限公司会 议室 股权登记日：2025 年 12 月 18 日 1、审议《关于聘请公司 2025 年度审计机构的议案》 五、 现场股 ...

Investment Rating - The report maintains an "Overweight" investment rating for the gas industry [1] Core Viewpoints - The report highlights that warmer weather has led to a decrease in US gas prices by 22%, while European gas prices have increased by 3.7% due to inventory withdrawals [10][15] - It emphasizes the overall supply adequacy in the domestic market, with a week-on-week decrease in domestic gas prices by 1.6% [24] - The report discusses the ongoing price adjustment progress across cities, indicating a potential for profit recovery and valuation restoration for city gas companies [33] Price Tracking - As of December 12, 2025, the week-on-week price changes for various gas prices are as follows: US HH down 22%, European TTF up 3.7%, East Asia JKM down 1.7%, China LNG ex-factory price down 1.6%, and China LNG CIF price down 6.9% [10][11] - The report notes that the average gas consumption in Europe for the first nine months of 2025 was 313.8 billion cubic meters, reflecting a year-on-year increase of 4.1% [16] Supply and Demand Analysis - The report indicates that as of December 5, 2025, US gas storage levels decreased by 1,770 billion cubic feet to 37,460 billion cubic feet, showing no year-on-year change [15] - In Europe, gas supply increased by 26.5% week-on-week to 116,966 GWh, with significant contributions from inventory consumption and LNG receiving stations [16] - Domestic gas apparent consumption for the first ten months of 2025 increased by 0.7% year-on-year to 354.1 billion cubic meters [24] Pricing Mechanism Progress - The report states that 67% of cities have implemented residential pricing adjustments, with an average increase of 0.22 yuan per cubic meter [33] - It highlights that the pricing gap for leading city gas companies has room for a 10% recovery, indicating ongoing price adjustments [33] Investment Recommendations - The report recommends focusing on companies that can optimize costs and benefit from the ongoing price adjustments, such as Xin'ao Energy, China Gas, and Kunlun Energy, all with attractive dividend yields [5] - It suggests monitoring companies with quality long-term contracts and flexible scheduling capabilities, such as Jiufeng Energy and Xin'ao Shares [5] - The report also emphasizes the importance of energy independence and suggests关注 companies with gas production capabilities like New Natural Gas and Blue Flame Holdings [5]

Investment Rating - The report maintains a "Buy" rating for the public utility sector [5] Core Views - The report emphasizes the importance of green electricity consumption and solid waste management in the context of the "dual carbon" goals set for 2026, suggesting a focus on the green electricity sector for potential valuation recovery [4][8] - The report highlights the ongoing decline in electricity prices and the need for adjustments in the installation rhythm of new green electricity projects based on regional supply and demand [4][3] - The report suggests that the electricity market reform is progressing, with a focus on expanding the electricity spot market and auxiliary services, while also noting the transformation of thermal power's functional positioning [4] Summary by Sections Market Review - The SW public utility sector experienced a slight decline of 0.09% this week, ranking 11th among 31 SW sectors, while the Shanghai Composite Index fell by 0.34% [23] - Among sub-sectors, thermal power increased by 0.22%, while hydropower decreased by 0.26% [23] - The top five performing stocks in the public utility sector this week were: Jiaze New Energy (+9.71%), Yinxing Energy (+8.58%), Zhongtai Co. (+7.79%), Xichang Power (+5.38%), and Chenzhou International (+4.14%) [29] Price Updates - The report notes a significant drop in thermal coal prices, with Qinhuangdao port's 5500 kcal thermal coal price decreasing by 39 CNY/ton this week [2][9] - The average settlement price for electricity in Guangdong was reported at 292.88 CNY/MWh, down from 354.64 CNY/MWh the previous week [10] Key Events - Various provinces have begun releasing results for the "136" document's incremental project bidding, with significant volumes of green electricity being auctioned at varying prices [3][7] - The Central Economic Work Conference reiterated the commitment to the "dual carbon" goals, emphasizing the need for a comprehensive green transition and the expansion of green electricity applications [8]

（编辑 丛可心） 证券日报网讯 12月12日晚间，蓝天燃气发布公告称，控股股东蓝天集团本次质押1429.1万股，占其所持 股份4.46%，占公司总股本2.00%，质押融资用于补充流动资金。同时，蓝天集团另有671.38万股股份被 驻马店市驿城区人民法院司法冻结，冻结期三年。本次操作后，蓝天集团及其一致行动人、公司实际控 制人李新华累计质押股份数量已达3.27亿股，占其合计持股比例的89.00%，占公司总股本的45.73%。此 外，二者累计被司法冻结3762.72万股，并有1328.62万股处于轮候冻结状态。 ...

证券日报网讯12月12日晚间，蓝天燃气（605368）发布公告称，公司董事会于近日收到公司董事会秘书 赵鑫先生的辞职报告，赵鑫先生因工作调整原因申请辞去公司董事会秘书职务；公司于2025年12月12日 召开了第六届董事会第十七次会议，审议通过了《关于变更董事会秘书的议案》，同意聘任杨海南先生 为公司董事会秘书，任期自本次董事会审议通过之日起至公司第六届董事会任期届满之日止。 ...

Company Announcement - Mr. Zhao Xin has resigned from the position of Secretary of the Board due to work adjustments, and Mr. Yang Hainan has been appointed as the new Secretary of the Board, recommended by Chairman Li Xinhua and approved by the Board's Nomination Committee [1] Financial Performance - For the first half of 2025, the revenue composition of Blue Sky Gas is as follows: pipeline natural gas sales account for 46.44%, urban natural gas sales for 40.58%, gas installation projects for 9.83%, other revenues for 2.4%, and natural gas transmission for 0.66% [1] Market Valuation - As of the report date, Blue Sky Gas has a market capitalization of 5.7 billion yuan [1]

河南蓝天燃气股份有限公司 关于变更董事会秘书的公告 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。 | 姓名 | 离任职务 | 离任时间 | 原定任期到 期日 | 离任原因 | 是否继续在上 市公司及其控 股子公司任职 | 具体职务 | 是否存在 未履行完 毕的公开 承诺 | | --- | --- | --- | --- | --- | --- | --- | --- | | 赵鑫 | 董事会秘 | 2025 年 12 | 2026 年 11 | 工作调整 | 是 | 河 南 卓 成 | 否 | | | 书 | 月 12 日 | 月 16 日 | | | 汽 车 保 险 | | | | | | | | | 代 理 有 限 | | | | | | | | | 公 司 执 行 | | | | | | | | | 董 事 兼 总 | | | | | | | | | 经理 | | 一、提前离任的基本情况 二、离任对公司的影响 | 证券代码：605368 | 证券简称：蓝天燃气 | 公告编号：2025-080 | | --- | -- ...

证券代码：605368 证券简称：蓝天燃气 公告编号：2025-081 债券代码：111017 债券简称：蓝天转债 河南蓝天燃气股份有限公司 截至本报告日，蓝天集团、李新华累计被司法冻结 37,627,159 股， 合计占其所持公司股份的 11.74%，占公司股份总数的 5.27%；累计轮候冻结 13,286,244 股，合计占其所持公司股份的 4.15%，占公司股份总数的 1.86%。 近日，公司收到蓝天集团的通知，蓝天集团所持公司部分股份被质押、 冻结、轮候冻结。具体情况如下： 关于控股股东部分股份质押、冻结及轮候冻结的公告 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： 河南蓝天集团股份有限公司（以下简称"蓝天集团"）持有河南蓝 天燃气股份有限公司（以下简称"公司"）股票 320,442,340 股,占公司总股本 的 44.84%，为公司的控股股东。本次质押后，蓝天集团累计质押数量为 282,814,225 股，累计质押数量占其持有公司总股数的 88.26%，占公司总股本 的 39.57%。 截至本报告日 ...

蓝天燃气公告，蓝天集团所持公司1429.1万股股份被质押，占其所持股份比例为4.46%，占公司总股本 比例为2.00%。本次质押融资资金用途为补充流动资金。截至本报告日，蓝天集团累计质押数量为2.83 亿股，占其持有公司总股数的88.26%，占公司总股本的39.57%。公司实际控制人李新华所持公司股份 质押数量为4400万股，占其持有公司股份比例为94.10%，占公司总股本比例为6.16%。蓝天集团及李新 华合计质押数量为3.27亿股，占合计持有公司股份总数的89.00%，占公司股本总数的45.73%。 ...