证券代码：000685 证券简称：中山公用 公告编号：2025-036 中山公用事业集团股份有限公司 关于召开 2024 年年度股东大会的通知 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或 者重大遗漏。 一、召开会议的基本情况 议案经第十一届董事会第二次会议、公司第十一届监事会第二次会议审议通过后提交， 程序合法，资料完备。 深交所业务规则和公司章程等的规定。 （1）现场会议召开日期和时间：2025年6月5日（星期四）下午15:00 （2）网络投票时间：网络投票系统包括深圳证券交易所交易系统和互联网投票系 统(http://wltp.cninfo.com.cn)。通过交易系统进行网络投票的时间为2025年6月5 日（星期四）9:15-9:25,9:30-11:30和13:00-15:00；通过互联网投票系统进行网络投 票的时间为2025年6月5日（星期四）9:15-15:00期间的任意时间。 本次股东大会采用现场表决与网络投票相结合的方式召开。 公司将通过深圳证券交易所交易系统和互联网投票系统： 截至股权登记日下午收市时在中国证券登记结算有限责任公司深圳分公司登记 在册的公 ...

证券代码：000685 证券简称：中山公用 公告编号：2025-036 中山公用事业集团股份有限公司 关于召开 2024 年年度股东大会的通知 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误导性陈述或 者重大遗漏。 一、召开会议的基本情况 1.股东大会届次：2024年年度股东大会。 2.股东大会的召集人：中山公用事业集团股份有限公司董事会，本次会议审议的 议案经第十一届董事会第二次会议、公司第十一届监事会第二次会议审议通过后提交， 程序合法，资料完备。 3．本次股东大会会议召开符合有关法律、行政法规、部门规章、规范性文件、 深交所业务规则和公司章程等的规定。 4．会议召开的日期、时间： （1）现场会议召开日期和时间：2025年6月5日（星期四）下午15:00 （2）网络投票时间：网络投票系统包括深圳证券交易所交易系统和互联网投票系 统(http://wltp.cninfo.com.cn)。通过交易系统进行网络投票的时间为2025年6月5 日（星期四）9:15-9:25,9:30-11:30和13:00-15:00；通过互联网投票系统进行网络投 票的时间为2025年6月5日（星期四）9: ...

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental protection sectors [6][9]. Core Views - The environmental sector's revenue in 2024 is projected to decline by 0.6% to CNY 364.236 billion, with net profit decreasing by 14.7% to CNY 23.058 billion. However, in Q1 2025, the sector is expected to see a revenue increase of 3.5% to CNY 81.243 billion and a net profit growth of 3.8% to CNY 8.232 billion [3][21]. - The report highlights the impact of the new market-oriented pricing reforms for renewable energy in Shandong, aiming for full market integration by the end of 2025 [2][16]. - The report emphasizes the importance of the carbon neutrality context, recommending investments in the new energy industry chain and comprehensive energy management [41][42]. Summary by Sections Market Review - The Shanghai Composite Index rose by 2.00%, while the public utility index increased by 2.22%, and the environmental index rose by 2.93% [1][43]. Important Policies and Events - Shandong's new pricing reform aims for full market integration of wind and solar energy by 2025, with differentiated policies for existing and new projects [2][16]. Financial Overview of the Environmental Sector - In 2024, only the solid waste management and water treatment sectors showed positive growth, while the environmental equipment sector saw a decline of over 30% [3][21]. - The atmospheric governance sector reported a loss increase, while the comprehensive environmental governance sector shifted from profit to loss [21][24]. Investment Strategy - Recommendations include major thermal power companies like Huadian International and regional electricity firms like Shanghai Electric, as well as leading renewable energy firms such as Longyuan Power and Three Gorges Energy [4][41]. - The report suggests focusing on "utility-like investment opportunities" within the environmental sector, recommending companies like China Everbright Environment and Zhongshan Public Utilities [42][41]. Key Company Profit Forecasts and Investment Ratings - Several companies, including Huadian International and Longyuan Power, are rated as "Outperform" with projected earnings per share (EPS) growth for 2025 [9][41].

Core Insights - In 2024, Zhongshan Public Utility Group Co., Ltd. achieved a record revenue of 5.678 billion yuan, a year-on-year increase of 9.22%, and a net profit attributable to shareholders of 1.199 billion yuan, up 24.02% [2] - The company's performance improvement is attributed to optimized business layout, enhanced operational management, and deepened mechanism reforms [2] Business Performance - The environmental water service, solid waste treatment, and new energy sectors all experienced growth, with water service revenue increasing by 7.43%, solid waste revenue by 32.00%, and new energy revenue by 77.13% [2] - The company has established a collaborative development model across its business sectors, creating an ecological service system that emphasizes resource sharing and strong supply chain integration [3] Strategic Initiatives - The company focuses on a unified management approach across the water service sector, achieving scale effects and regional advantages [3] - In the new energy sector, the company is advancing distributed photovoltaic power generation and integrated energy storage and charging solutions, targeting key scenarios such as government agencies, schools, and hospitals [3] - As of the end of 2024, the company has partnered with several well-known enterprises to build photovoltaic power stations, covering 18 cities nationwide with over 60 distributed photovoltaic projects in operation [3] Future Development Plans - For 2025, the company aims to enhance water supply services, explore industrial wastewater treatment, and improve operational management in the solid waste sector [4] - The new energy sector will focus on comprehensive layout acceleration, with distributed photovoltaic as a leading initiative, integrating production and finance to foster new business growth [4]

Core Viewpoint - Company is focusing on integrating its three main business segments: environmental water services, solid waste treatment, and renewable energy, to create a synergistic ecosystem that enhances operational efficiency and competitive advantage [2][3]. Business Layout and Synergy - The company has developed a comprehensive service system through deep integration of its three main sectors, achieving a unified management process from planning to operation in the water services segment, and creating a resource recycling loop in the solid waste segment [2]. - The renewable energy segment is leveraging distributed photovoltaic systems and capital operations to support technology transformation and project implementation [2]. Business Growth and Market Expansion - The company reported revenue growth across all three main segments: water services increased by 7.43%, solid waste treatment by 32.00%, and renewable energy by 77.13% year-on-year [3]. - Future plans include enhancing the water supply safety system, upgrading supply networks, and expanding industrial wastewater treatment projects to solidify local market dominance [3]. - The solid waste segment aims to deepen industry integration and expand into emerging industrial waste services [3]. - The renewable energy segment will focus on integrated energy solutions and the development of zero-carbon industrial parks [3]. Profit Growth Drivers - Future profit growth is expected from improved operational efficiency in the water services segment, expansion into industrial wastewater treatment, and enhanced competitiveness in urban environmental services [5]. - The solid waste segment will focus on strengthening business collaboration and expanding into new service areas [5]. - The renewable energy segment aims to establish a comprehensive energy service industry that includes power trading and carbon trading [5]. Value Management and Shareholder Returns - The company emphasizes value management and shareholder returns by enhancing operational quality and implementing a special dividend plan, distributing cash dividends of 514 million yuan [6]. - Governance improvements and investor relations management are also prioritized to enhance decision-making and market value recognition [6]. ESG Initiatives - The company has actively engaged in ESG initiatives, focusing on environmental responsibility and sustainable practices across its business segments, earning recognition in various ESG rankings [8]. Financial Performance - In Q1 2025, the company reported a main revenue of 977 million yuan, a year-on-year increase of 8.25%, and a net profit of 305 million yuan, up 62.19% [8]. - The company’s debt ratio stands at 49.3%, with investment income of 283 million yuan and a gross margin of 20.89% [8].

Business Overview - The company integrates three main sectors: environmental water services, solid waste management, and new energy, creating a "strong chain, supplementary chain, and resource-sharing" ecological service system [3] - The water sector has achieved a unified management process, resulting in scale effects and regional advantages [3] - The solid waste sector focuses on local market development and cross-regional expansion, forming a closed-loop resource cycle [3] - The new energy sector leverages distributed photovoltaic systems and capital operations to support project funding [3] Business Growth - Revenue growth: - Water sector: increased by 7.43% year-on-year - Solid waste sector: increased by 32.00% year-on-year - New energy sector: increased by 77.13% year-on-year [3] - Future plans include enhancing water safety systems, upgrading supply networks, and expanding industrial wastewater treatment projects [3] Strategic Focus - The company aims to optimize its business structure through strategic acquisitions, particularly in solid waste and new energy sectors [4] - Future profit growth will focus on: - Water sector: improving operational efficiency and expanding into industrial wastewater treatment - Solid waste sector: enhancing service capabilities in urban services and recycling [4] - New energy sector: developing zero-carbon industrial parks and smart energy management systems [4] Value Management - The company emphasizes value management and shareholder returns by improving operational quality and efficiency [5] - A special dividend of 514 million CNY was distributed to enhance investor satisfaction [5] - Governance improvements include forming a diversified and professional board to enhance decision-making [5] ESG Initiatives - The company actively addresses climate change and promotes green values through its core business areas [5] - Recognized for its social responsibility, the company has received multiple awards and high ratings in ESG performance [5] - It has maintained a leading position in water service responsibility for ten consecutive years, demonstrating its commitment to public service and social value [5]

Core Viewpoint - The company has disclosed its first quarter report for 2025, highlighting significant changes in financial data and governance structure, including a major investment and acquisition that will impact future financial statements [3][4][12]. Financial Data Summary - The company has made a capital increase of 63 million yuan to acquire a 70% stake in Zhongshan Investment Control Environmental Technology Co., Ltd., which will become a subsidiary and lead to a consolidation under the same control [3]. - The net profit attributable to shareholders has shown significant fluctuations primarily due to the impact of capital market conditions and investment income volatility from firms like GF Securities [4]. Governance Changes - The company held a shareholder meeting on February 10, 2025, to complete the election of the board of directors and supervisory board, aiming to enhance governance structure and management capabilities through a more professional and diverse board [7][12]. Meeting and Approval Process - The board of directors convened on April 29, 2025, to review and approve the first quarter report, with all members present and voting in favor [12][13]. - The supervisory board also met on the same day to review the first quarter report, with unanimous approval from all members [15][16].

审核意见 监事会 二〇二五年四月二十九日 监事会关于公司 2025 年第一季度报告的 审核意见 公司监事会根据《证券法》《深圳证券交易所股票上市规则》《上市公司信息披露管理 办法》的有关要求，对公司 2025 年第一季度报告进行了认真严格的审核，并提出如下的 书面意见，与会全体监事一致认为： 1.公司 2025 年第一季度报告的编制和审核程序符合法律、法规、公司章程和公司内 部管理制度的各项规定； 2.公司 2025 年第一季度报告的内容和格式符合中国证监会和证券交易所的各项规定， 所包含的信息能从各个方面真实反映公司 2025 年第一季度的经营管理和财务状况等事项； 3.在公司监事会提出本意见前，未发现参与公司 2025 年第一季度报告编制和审议的 人员有违反保密规定的行为。 中山公用事业集团股份有限公司 （此页无正文，为《中山公用事业集团股份有限公司监事会关于公司 2025 年第一季度报 告的审核意见》签名页。） 监事签名： 陆爱华 陈镇华 翟彩琴 ...

本公司及监事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 证券代码：000685 证券简称：中山公用 公告编号：2025-034 中山公用事业集团股份有限公司 第十一届监事会第三次会议决议公告 一、监事会会议召开情况 监事会 二〇二五年四月二十九日 1 中山公用事业集团股份有限公司(以下简称"公司") 第十一届监事会第三次会 议于 2025 年 4 月 29 日（星期二）以通讯表决的方式召开。会议通知已于 2025 年 4 月 25 日以电子邮件方式发出。本次出席会议的监事应到 3 人，实到 3 人。会议由公 司监事会主席陈镇华先生主持。会议召开符合《中华人民共和国公司法》和《公司 章程》的有关规定。 三、备查文件 1.公司第十一届监事会第三次会议决议； 2.监事会关于公司 2025 年第一季度报告的审核意见。 中山公用事业集团股份有限公司 二、监事会会议审议情况 审议通过《关于<2025 年第一季度报告>的议案》 具体详情请见与本公告同日在巨潮资讯网（http://www.cninfo.com.cn/）披露 的《2025 年第一季度报告》。 审议结果：同意 3 票，反对 ...

审议通过《关于<2025 年第一季度报告>的议案》 上述议案已经董事会审计委员会审议通过。 具体详情请见与本公告同日在巨潮资讯网（http://www.cninfo.com.cn/）披露 的《2025 年第一季度报告》。 中山公用事业集团股份有限公司 第十一届董事会第三次会议决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 一、董事会会议召开情况 中山公用事业集团股份有限公司（以下简称"公司"）第十一届董事会第三次会 议于 2025 年 4 月 29 日（星期二）以通讯表决的方式召开，会议通知及文件已于 2025 年 4 月 25 日以电子邮件、专人送达或电话通知等方式发出。本次出席会议的董事应 到 8 人，实到 8 人，会议由董事长郭敬谊先生主持。会议召开符合《中华人民共和国 公司法》和《公司章程》的有关规定，会议合法、有效。 二、董事会会议审议情况 证券代码：000685 证券简称：中山公用 公告编号：2025-033 审议结果：同意 8 票，反对 0 票，弃权 0 票。 三、备查文件 1.公司第十一届董事会第三次会议决议； 2.第十一届董事会审计委 ...