Core Insights - Zhongshan Public Utility Group Co., Ltd. reported a revenue of 2.121 billion yuan for the first half of 2025, a year-on-year decline of 1.51%, while net profit attributable to shareholders increased by 29.55% to 719 million yuan [1] - The company is engaged in various sectors including environmental water services, solid waste, new energy, and engineering construction, and is focusing on strategic transformation and structural optimization to enhance profitability [1] - The company has integrated its water services and expanded its coverage to 94% of the water supply scale in Zhongshan City, excluding Tanzhou Town [1] Business Developments - In February, the company signed its first industrial wastewater project, marking its entry into the industrial wastewater treatment sector [1] - In June, the company expanded its water pollution control efforts by undertaking integrated projects in Zhongshan Port and Minzhong streets [1] - The company is actively pursuing opportunities in the "dual carbon" initiative and has signed strategic cooperation agreements to develop a "virtual power plant" model [1] Digital Transformation - The company has made progress in digital transformation with the implementation of eight modules including digital drainage and digital engineering, aimed at breaking down data barriers [2] - The establishment of a financial shared center and public cloud is enhancing operational efficiency and business performance [2] Innovation and R&D - In the first half of the year, the company added 23 new intellectual property rights and received six awards in technology innovation, including recognition for its virtual power plant project [2]

Core Insights - Zhongshan Public Utility (000685.SZ) reported a significant increase in revenue and net profit for the first half of 2025, with total revenue reaching 2.121 billion yuan and net profit attributable to shareholders at 719 million yuan, marking a year-on-year growth of 29.55% [1] - The company's profitability improved notably, with the net profit after deducting non-recurring items at 714 million yuan, reflecting a year-on-year increase of 36.05% [1] Business Segments - The environmental water and solid waste segments, both with high gross margins, experienced double-digit revenue growth, which was crucial for the company's overall performance [1] - The environmental water segment generated revenue of 786 million yuan, up 13.82% year-on-year, driven by integrated supply and network operations [1] - The solid waste segment achieved revenue of 399 million yuan, a year-on-year increase of 14.89%, contributing 18.79% to total revenue [1] Operational Highlights - The solid waste segment's waste-to-energy business saw a simultaneous increase in volume and efficiency, with total power generation reaching 291 million kWh, and the power generation per ton of waste increased by 8.24 percentage points compared to the previous year [1] - The company is expanding its green energy initiatives, as evidenced by the announcement on July 26 to acquire 100% stakes in Changqing Energy and Changqing Thermal Energy for a total price of 494 million yuan [1] - The acquired companies operate the Zhongshan Central Group's comprehensive waste treatment base, which has a combined designed daily processing capacity of 2,250 tons [1] Strategic Expansion - Following the acquisition, the company's total waste incineration processing capacity will increase to 6,120 tons per day, indicating the effectiveness of its strategic layout [2]

Core Viewpoint - Zhongshan Public Utility (000685.SZ) reported a slight decline in revenue for the first half of 2025, while net profit showed significant growth, indicating a mixed performance in financial results [1] Financial Performance - The company achieved operating revenue of 2.121 billion yuan, a year-on-year decrease of 1.51% [1] - Net profit attributable to shareholders reached 719 million yuan, reflecting a year-on-year increase of 29.55% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 714 million yuan, marking a year-on-year growth of 36.05% [1] - Basic earnings per share stood at 0.49 yuan [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000685 证券简称：中山公用 公告编号：2025-051 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投 资者应当到证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 √不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 □适用 √不适用 公司计划不派发现金红利，不送红股，不以公积金转增股本。 董事会决议通过的本报告期优先股利润分配预案 □适用 √不适用 前10名股东及前10名无限售流通股股东因转融通出借/归还原因导致较上期发生变化 □适用 √不适用 公司是否需追溯调整或重述以前年度会计数据 √是 □否 追溯调整或重述原因 同一控制下企业合并 单位：股 ■ 持股5%以上股东、前10名股东及前10名无限售流通股股东参与转融通业务出借股份情况 □适用 √不适用 二、公司基本情况 1、公司简介 ■ 2、主要会计数据和财务指标 ■ 3、公司股东数量及持股情况 4、控股股东或实际控制人变更情况 控股股东报告期内变更 □适用 √不适用 ...

Core Viewpoint - Zhongshan Public Utility (SZ 000685) announced the convening of its 11th Fourth Board Meeting on August 28, 2025, via telecommunication voting, where it reviewed the proposal for the "2025 Semi-Annual Report" and its summary [1] Summary by Relevant Categories Financial Performance - For the first half of 2025, Zhongshan Public Utility's revenue composition is as follows: Water segment accounted for 37.07%, Engineering revenue 34.53%, Solid waste segment 18.79%, Others 9.32%, and New energy segment 0.28% [1]

Core Viewpoint - Zhongshan Public Utility Group Co., Ltd. has successfully issued its third phase of ultra-short-term financing bonds for 2025, with a total issuance amount of 500 million RMB at an interest rate of 1.75% [2][3]. Group 1: Financing Details - The company has received approval to register ultra-short-term financing bonds with a total amount of up to 2 billion RMB, valid for two years from the date of the notice [2]. - The third phase of ultra-short-term financing bonds was issued with a term of 245 days, starting from August 28, 2025, and maturing on April 30, 2026 [2]. - The total planned issuance was 500 million RMB, which was fully achieved, with a subscription amount of 1.99 billion RMB from 14 compliant applicants [2]. Group 2: Subscription Information - The highest subscription rate was 2.20%, while the lowest was 1.62%, with 7 effective applicants contributing a total of 630 million RMB [2]. - The lead underwriter for this issuance was China Merchants Bank Co., Ltd., with CITIC Bank Co., Ltd. acting as the co-lead underwriter [2].

Group 1 - The report indicates that the market is in a bullish atmosphere, with conditions for a bull market gradually being established due to cyclical improvements in fundamentals and the potential initiation of incremental capital circulation [6][14]. - The previous gold stock combination from August 1 to August 29, 2025, achieved a return of 12.33%, outperforming the Shanghai Composite Index and the CSI 300 Index by 5.23 and 2.87 percentage points, respectively [6][15]. - The report highlights a cumulative increase of 374.99% for the gold stock combination since its inception on March 28, 2017, with the A-share combination rising by 297.73% [6][15]. Group 2 - The recommended investment strategy focuses on breakthroughs in domestic technology chains and advanced manufacturing, emphasizing sectors with high global market share and the "anti-involution" trend [6][14]. - The report suggests that the "iron triangle" stocks, which include Zhuhai Guanyu, Luxi Chemical, and Tianzhun Technology, are key picks due to their strong growth prospects and market positioning [6][17]. - Other recommended stocks include Anfu Technology, Changjiu Logistics, China Shipbuilding, Zhongshan Public Utilities, Alibaba-W (Hong Kong), Greentown China (Hong Kong), and Fourth Paradigm (Hong Kong) [6][17][18]. Group 3 - Zhuhai Guanyu is noted for its high growth in consumer battery sales and technological advantages in steel shell and silicon-carbon batteries, with significant revenue and profit improvements expected [6][17][20]. - Luxi Chemical is benefiting from a recovery in market conditions and improvements in supply-demand dynamics for caprolactam and organosilicon, with ongoing project developments enhancing long-term growth potential [6][17][20]. - Tianzhun Technology is recognized as a partner of NVIDIA's Jetson Thor platform, with growth in humanoid robot controller business and deep collaborations with leading humanoid robot clients [6][17][20].

证券代码：000685 证券简称：中山公用 公告编号：2025-052 中山公用事业集团股份有限公司 关于2025年半年度募集资金存放与实际使用情况 的专项报告 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、募集资金的基本情况 （一）关于2023年公司债券资金情况 1.实际募集资金金额、资金到位时间 2023 年 5 月 15 日，公司收到中国证券监督管理委员会证监许可〔2023〕993 号文《关 于同意中山公用事业集团股份有限公司向专业投资者公开发行公司债券注册的批复》，获 准采用分期发行方式向专业投资者公开发行面值总额不超过 30 亿元公司债券，公司 2023 年面向专业投资者公开发行科技创新公司债券（第一期）发行价格为每张 100 元，共募集 资金 1,000,000,000.00 元，扣除承销费用后，募集资金净额为 999,500,000.00 元，资金 到账时间为 2023 年 7 月 13 日。上述资金已存放在公司募集资金专户。 2. 2023年公司债募集资金使用情况及期末余额 1 截至 2025 年 6 月 30 日，公司对募集资金累计投入 ...

证券代码：000685 证券简称：中山公用 公告编号：2025-053 中山公用事业集团股份有限公司 关于拟续聘会计师事务所的公告 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。 特别提示： 中山公用事业集团股份有限公司（以下简称"公司"）拟续聘中审众环会计师事 务所（特殊普通合伙）（以下简称"中审众环"）符合财政部、国务院国资委、证监 会印发的《国有企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号） 的规定。 发行股份、债券审计机构的资格。2013 年 11 月，按照国家财政部等有关要求转制为 特殊普通合伙制。 （3）组织形式：特殊普通合伙企业 公司于 2025 年 8 月 28 日召开的第十一届董事会第四次会议审议通过了《关于续 聘中审众环会计师事务所（特殊普通合伙）为公司 2025 年度财务审计机构及内控审计 机构的议案》，拟续聘中审众环为公司 2025 年度财务审计机构及内控审计机构，聘期 一年。该议案尚需提交股东大会审议并提请股东大会授权董事会及董事会授权对象在 有关法律法规范围内，参照行业标准与其协商确定公司 2025 年度财务报告审 ...

中山公用事业集团股份有限公司 2025 年半年度财务报告 2025年半年度财务报告 2025 年 8 月 中山公用事业集团股份有限公司 2025 年半年度财务报告 财务报告 一、审计报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：中山公用事业集团股份有限公司 2025 年 06 月 30 日 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 1,719,612,804.12 | 1,714,545,305.57 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | | | | 衍生金融资产 | | | | 应收票据 | 1,149,474.77 | 827,822.05 | | 应收账款 | 1,952,039,272.83 | 1,750,039,856.26 | | 应收款项融资 | 400,000.00 | 1,688,583.26 | | 预付款项 | 62,048,971.87 | 39,05 ...