Core Viewpoint - DeLong Huineng Group Co., Ltd. is focusing on clean energy production and supply, primarily natural gas, while also exploring hydrogen and photovoltaic energy development [2][7]. Company Overview - DeLong Huineng was established on January 1, 1994, and listed on March 12, 1996. The company is based in Chengdu, Sichuan Province [7]. - The main business segments include urban gas operations, LNG business, and distributed energy services, with gas supply accounting for 94.70% of total revenue [7]. - As of June 30, 2025, the company reported a revenue of 890 million yuan, a year-on-year increase of 4.49%, while net profit attributable to shareholders was 24.71 million yuan, a decrease of 20.25% [8]. Market Performance - On September 24, the stock price of DeLong Huineng increased by 6.49%, with a trading volume of 243 million yuan and a turnover rate of 10.05%, bringing the total market capitalization to 2.414 billion yuan [1]. - The stock has seen a net inflow of 35.69 million yuan from major investors today, ranking first in its industry [4]. Investment and Shareholding - The company has a diverse shareholder base, with 25,800 shareholders as of June 30, 2025, a decrease of 5.19% from the previous period [7]. - The top ten circulating shareholders include Jin Yuan Shun An Yuan Qi Ling Huo Zhai He Zhi He Zhi (004685), which holds 2.0198 million shares, an increase of 191,900 shares from the previous period [8]. Technical Analysis - The average trading cost of the stock is 6.41 yuan, with the current price near a support level of 6.71 yuan [6].

Core Viewpoint - DeLong Huineng Group Co., Ltd. is focused on clean energy production and supply, primarily natural gas, and is exploring new energy directions such as hydrogen and photovoltaics [2][7]. Company Overview - DeLong Huineng was established on January 1, 1994, and listed on March 12, 1996. The company is headquartered in Chengdu, Sichuan Province [7]. - The main business segments include urban gas operations, LNG business, and distributed energy services, with gas supply accounting for 94.70% of total revenue [7]. - As of June 30, 2025, the company reported a revenue of 890 million yuan, a year-on-year increase of 4.49%, while net profit attributable to shareholders was 24.71 million yuan, a decrease of 20.25% [8]. Business Activities - The company engages in various activities including urban gas management and sales, gas pipeline construction and management, LNG production, CNG/LNG supply, and energy utilization project development [2][3]. - DeLong Huineng is actively promoting clean energy initiatives, particularly the "gas instead of coal" project, and plans to rename itself to reflect its commitment to low-carbon energy solutions [2]. Market Performance - On September 23, the stock price of DeLong Huineng fell by 2.47%, with a trading volume of 65.17 million yuan and a market capitalization of 2.267 billion yuan [1]. - The stock has seen a net outflow of 8.13 million yuan from major investors, indicating a reduction in holdings over the past two days [4][5]. Technical Analysis - The average trading cost of the stock is 6.38 yuan, with the current price near a support level of 6.29 yuan. A breach of this support could lead to further declines [6].

Core Insights - The report highlights the growth in electricity generation in Sichuan Province, with a total generation of 332.9 billion kWh in April 2025, representing a year-on-year increase of 4.6% [1] - From January to April 2025, the total electricity generation reached 1,390.8 billion kWh, showing a year-on-year growth of 4.1% [1] Generation Breakdown - In the first four months of 2025, thermal power generation was 364.7 billion kWh, accounting for 26.2% of total generation, which is a decrease of 2.1% year-on-year [1] - Hydropower generation was 911.3 billion kWh, making up 65.5% of total generation, with an increase of 8.4% year-on-year [1] - Wind power generation was 78.1 billion kWh, representing 5.6% of total generation, showing a decline of 16.1% year-on-year [1] - Solar power generation reached 36.7 billion kWh, accounting for 2.6% of total generation, with a significant increase of 27.5% year-on-year [1] Industry Context - The data is sourced from the National Bureau of Statistics and compiled by Zhiyan Consulting, which specializes in industry research and consulting services [2] - The report covers large-scale industrial enterprises with annual main business revenues of 20 million yuan or more, ensuring comparability of data across years [2]

Core Viewpoint - Delong Huineng Group held an investor relations meeting to discuss business layout, efficiency improvement, and market capitalization management [1][2] Group 1: Business Layout and Strategic Initiatives - The company is actively expanding its integrated energy services, particularly in hydrogen energy and photovoltaic industries [3] - A strategic partnership was established with Jiangsu Yangzhou Chemical Industrial Park for hydrogen energy layout planning and construction of a hydrogen center [3] - The first phase of the hydrogen center project is being co-developed with Sinopec Jiangsu Petroleum, with construction progressing as planned [3] Group 2: Market Capitalization Management - The company focuses on solidifying its operational fundamentals and maintaining long-term shareholder interests as the core logic of its market capitalization management [3] - A market capitalization management system has been established, emphasizing core business focus, regional dominance, and diversified energy service offerings [3] - A share repurchase plan has been initiated, with 3,226,800 shares repurchased, accounting for 0.8998% of total shares, with an investment of approximately 17 million yuan [3] Group 3: Financial Performance and Profitability - In the first half of the year, the company saw growth in gas sales, installation, and service revenues compared to the previous year [3] - Increased procurement costs and old pipeline upgrades have compressed profit margins [3] - The company plans to enhance profitability through optimized procurement strategies, market potential exploration, and business model upgrades [3]

Group 1: Business Strategy and Development - The company is actively laying out plans in the hydrogen and photovoltaic industries, focusing on high-quality comprehensive services to meet customer demands [1] - In 2024, the subsidiary Hydrogen Technology will collaborate with Jiangsu Yangzhou Chemical Industrial Park to develop a hydrogen energy center, with the first phase of the hydrogen production station project being co-built with Sinopec Jiangsu Petroleum [1] - The company aims to deepen its transformation into a comprehensive energy service provider, enhancing operational efficiency and profitability to solidify its market position [2][3] Group 2: Market Position and Value Management - The core logic of the company's market value management is to "solidify operational fundamentals and maintain long-term shareholder interests," focusing on regional dominance and diversified energy needs [2] - The company has established a market value management system and is committed to adhering to relevant laws and regulations to enhance market attention [2] - The company plans to repurchase 3,226,800 shares, accounting for 0.8998% of the total share capital, with an investment of approximately 17 million yuan to signal long-term development confidence [5] Group 3: Financial Performance and Shareholder Returns - In 2025, the company will innovate business models to increase user coverage and gasification rates, while also expanding into new markets to enhance business scale [3] - Despite revenue growth, net profit has declined due to increased procurement costs and investments in upgrading old pipelines, which have raised operational costs [5] - The company is implementing targeted measures to improve profitability, including optimizing gas procurement strategies and expanding service offerings [5]

Core Points - DeLong Huineng Group Co., Ltd. will participate in the "2025 Investor Online Collective Reception Day and Semi-Annual Report Performance Briefing" on September 12, 2025 [1][2] - The company aims to enhance interaction with investors and has disclosed its 2025 semi-annual report on August 16, 2025 [1][3] - Investors can submit questions via email before the event to facilitate targeted communication during the briefing [3] Meeting Details - The meeting will take place on September 12, 2025, from 14:00 to 17:00 [2] - It will be conducted in a remote interactive format [2] - Investors can participate through the "Panorama Roadshow" platform [2] Investor Engagement - The company is actively soliciting questions from investors to improve the relevance of discussions during the performance briefing [3] - Questions can be submitted via email until 11:00 on the day of the event [3] - Company executives will address concerns regarding the semi-annual performance, corporate governance, development strategy, and operational status [3]

德龙汇能集团股份有限公司 DELONG COMPOSITE ENERGY GROUP CO., LTD 证券代码：000593 证券简称：德龙汇能 公告编号：2025-057 为充分尊重投资者，提升交流的针对性，现就公司 2025 年半年度报告业绩 说明会提前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 9 月 12 日（星期五）11:00 前将有关问题通过电子邮件的形式发送至公 司邮箱：sz000593@126.com。届时公司高管将在线就公司 2025 年半年度业绩、 公司治理、发展战略、经营状况等投资者关心的问题，与投资者进行沟通与交流， 欢迎广大投资者踊跃参与！ 特此公告。 德龙汇能集团股份有限公司董事会 德龙汇能集团股份有限公司（以下简称"公司"）已于 2025 年 8 月 16 日在 巨潮资讯网（http://www.cninfo.com.cn）上披露了公司《2025 年半年度报告》。 为进一步加强与投资者的互动交流，公司将参加由四川省上市公司协会、深圳市 全景网络有限公司联合举办的"四川辖区 2025 年投资者网上集体接待日及半年 度报告业绩说明会"活动，现将相关事 ...

Core Viewpoint - The company, 德龙汇能, is focused on clean energy supply, particularly natural gas, and aims to contribute to carbon neutrality and the efficient use of green energy [2][7]. Company Overview - 德龙汇能集团股份有限公司 is primarily engaged in clean energy production and supply, with a focus on natural gas. The company is exploring new energy directions such as hydrogen and photovoltaic industries [2][7]. - The company has a significant presence in urban gas operations and holds the exclusive rights for pipeline gas operations in the central urban area of 上饶市 [3]. - The main revenue sources for the company include gas supply (94.70%), with other services contributing marginally [7]. Financial Performance - For the first half of 2025, the company reported a revenue of 890 million yuan, representing a year-on-year growth of 4.49%. However, the net profit attributable to shareholders decreased by 20.25% to 24.71 million yuan [8]. - The company has distributed a total of 78.55 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [8]. Market Activity - On September 8, the stock price of 德龙汇能 increased by 1.37%, with a trading volume of 54.34 million yuan and a turnover rate of 2.28%, leading to a total market capitalization of 2.39 billion yuan [1]. - The stock has seen a net outflow of 14.59 million yuan from major investors, indicating a lack of strong buying interest [4][5]. Technical Analysis - The average trading cost of the stock is 6.32 yuan, with the current price fluctuating between resistance at 7.00 yuan and support at 6.29 yuan, suggesting potential for short-term trading strategies [6].

Meeting Details - The meeting was held on September 3, 2025, at 15:00 in Chengdu, Sichuan Province [2][4] - Voting was conducted both on-site and via online platforms during specified time slots on the same day [3] - The meeting was convened by the company's board of directors and presided over by Mr. Zhu Ming, the company's president [5][6][7] Attendance - A total of 81 shareholders and authorized representatives attended the meeting, representing 115,540,428 shares, which is 32.5096% of the total voting shares [9] - Of the attendees, 1 shareholder represented 114,761,828 shares in person, while 80 shareholders voted online, representing 778,600 shares [11] Resolutions - All proposals presented at the meeting were approved, including special resolutions requiring a two-thirds majority and ordinary resolutions requiring a simple majority [12][14] - The company will no longer maintain a supervisory board, and the previous members will no longer hold their positions [14] Legal Opinion - The legal opinion provided by Beijing King & Wood Mallesons (Chengdu) confirmed that the meeting's procedures complied with relevant laws and regulations [13][14]

Group 1 - The company Delong Holdings announced the convening of its third extraordinary general meeting of shareholders for 2025 on September 3, 2025 [2] - The meeting approved multiple proposals, including the revision of the company's proposals [2]