证券代码：000685 证券简称：中山公用 公告编号：2025-046 中山公用事业集团股份有限公司 第十一届董事会 2025 年第 4 次临时会议 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 2025 年 第 4 次临时会议于 2025 年 7 月 25 日（星期五）以现场结合通讯表决的方式召开，会 议通知及文件已于 2025 年 7 月 22 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。会议通知 及召开程序符合《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 | 序号 | 授信银行 | 总体授信额度（亿元） | 用途 | | --- | --- | --- | --- | | 1 | 建设银行 | 11 | | 1 1.审议通过《关于向十三家银行申请授信额度的议案》 结合公司资金债务情况，为确保公司运营管理、项目建设和业务拓展等资金需求， ...

Group 1 - The company announced the resignation of its Vice President and Chief Financial Officer, Ms. Xu Bing, due to personal development reasons, effective immediately upon delivery of her resignation report to the board [2] - The board expressed gratitude for Ms. Xu's contributions during her tenure and confirmed that her departure would not impact the company's normal operations [2] - To ensure smooth financial management, the board appointed Ms. Zhou Feimei, the current board secretary, as the new Chief Financial Officer, who is familiar with the company's operations and possesses the necessary professional background [2][3] Group 2 - Ms. Zhou Feimei, born in February 1985, holds a Master's degree in Economics and has held various positions in investment and financial management, including roles at Zhongshan Transportation Development Group and Zhongshan Public Utilities [3] - Ms. Zhou does not hold any shares in the company and has no relationships with major shareholders or other board members, ensuring her independence in the new role [3] - She has not faced any regulatory sanctions or legal investigations, confirming her suitability for the position [3]

证券代码：000685 证券简称：中山公用 编号：2025-045 中山公用事业集团股份有限公司 关于变更高级管理人员的公告 本公司及董事会全体成员保证本公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、副总经理（财务负责人）辞职的情况 公司董事会于近日收到公司副总经理（财务负责人）许冰女士提交的书面辞职报 告。许冰女士由于个人发展原因申请辞去公司副总经理（财务负责人）职务。辞职后， 许冰女士将不再担任公司任何职务。 根据《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》 和《公司章程》的有关规定，许冰女士的辞职报告自送达公司董事会之日起生效，许 冰女士的离职不会对公司的正常运作产生影响。 许冰女士在公司任职期间，勤勉尽责、恪尽职守。截至公告披露日，许冰女士未 持有公司股份，公司及董事会对许冰女士在任期间为公司发展做出的贡献表示衷心的 感谢！ 二、董事会秘书兼任财务负责人的情况 董事会 二〇二五年七月二十三日 附件：个人简历 周飞媚，女，1985 年 2 月出生，中共党员，经济学硕士，高级经济师。曾任中山 市交通发展集团有限公司投资发展部副主任、投资运营部副主任（ ...

具体内容请见与本公告同日在《证券时报》《中国证券报》《证券日报》《上海 证券报》和巨潮资讯网（http://www.cninfo.com.cn/）披露的《关于变更高级管理 人员的公告》。 证券代码：000685 证券简称：中山公用 公告编号：2025-044 中山公用事业集团股份有限公司 第十一届董事会 2025 年第 3 次临时会议 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 2025 年 第 3 次临时会议于 2025 年 7 月 23 日（星期三）以通讯表决的方式召开，全体董事签 署了关于同意豁免第十一届董事会 2025 年第 3 次临时会议通知时间的意见。会议由 董事长郭敬谊先生主持，本次出席会议的董事应到 8 人，实到 8 人。会议通知及召开 程序符合《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 审议通过《关于中山公用财务负责人岗位相关事宜的议案》 鉴于公司原副总经理（财务负责人）离职，为确保公司财务管理工 ...

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [1][5][8]. Core Views - The report highlights the commencement of the Yarlung Tsangpo River downstream hydropower project, with a total investment of approximately 1.2 trillion yuan, focusing on power delivery and local consumption [1][15]. - The Gansu Provincial Development and Reform Commission has proposed a capacity price mechanism for power generation, setting a standard of 330 yuan per kilowatt per year starting January 1, 2026, for compliant coal power units and new energy storage [2][17]. - The report emphasizes the potential for stable profitability in coal-fired power generation due to synchronized declines in coal and electricity prices, recommending major coal power companies [3][22]. Summary by Sections Market Review - The Shanghai Composite Index rose by 1.09%, while the public utility index fell by 1.37% and the environmental index by 0.49%, with relative returns of -2.46% and -1.58% respectively [1][14]. - In the electricity sector, coal-fired power decreased by 1.04%, hydropower by 2.13%, and new energy generation by 0.68%, while the gas sector saw a slight increase of 0.31% [1][25]. Important Policies and Events - The Yarlung Tsangpo River downstream hydropower project was officially launched on July 19, 2025, with a focus on five tiered power stations [1][15]. - The National Bureau of Statistics reported a 1.7% year-on-year increase in industrial power generation in June, with a total of 796.3 billion kilowatt-hours produced [1][16]. Investment Strategy - The report recommends several companies based on their sector performance: - Coal-fired power: Huadian International and Shanghai Electric [3][22]. - New energy: Longyuan Power and Three Gorges Energy, among others [3][22]. - Nuclear power: China Nuclear Power and China General Nuclear Power [3][22]. - Hydropower: Yangtze Power [3][22]. - Gas: China Resources Gas and Jiufeng Energy [3][22]. - Environmental: China Everbright Environment and Zhongshan Public Utilities [3][23]. Key Company Earnings Forecasts and Investment Ratings - The report provides earnings per share (EPS) and price-to-earnings (PE) ratios for various companies, all rated as "Outperform" [8]. For example, Huadian International has an EPS of 0.46 for 2024 and a PE of 11.7 [8]. Industry Key Data Overview - In June, the total industrial power generation reached 796.3 billion kilowatt-hours, with a year-on-year growth of 1.7% [1][48]. - The report notes that coal-fired power generation saw a 1.1% increase, while nuclear power generation grew by 10.3% [1][48]. Environmental Sector Insights - The report indicates that the water and waste incineration sectors are entering a mature phase, with improved free cash flow and declining risk preferences among investors [3][23]. - The domestic waste oil recycling industry is expected to benefit from the EU's SAF blending policy [3][23].

Group 1 - The company Zhongshan Public Utility Group Co., Ltd. will pay interest on its first phase of corporate bonds, named "23 Zhongshan K1," on July 14, 2025, with an interest rate of 2.95 yuan (including tax) per bond [1][2] - The interest payment for every 10 bonds will amount to 29.50 yuan (including tax), with the actual amount received by individual and investment fund bondholders being 23.60 yuan after tax deductions [2][3] - The record date for bondholders to receive the interest is July 11, 2025, and those who sell the bonds before this date will not be entitled to the interest payment [1][2] Group 2 - The bonds are rated AA+ and there is no specific debt rating for this bond issue [2] - The company will entrust China Securities Depository and Clearing Corporation Limited Shenzhen Branch to handle the interest payment process [2][3] - Tax regulations state that individual bondholders are subject to a 20% personal income tax on the interest earned, which will be withheld at the time of payment [3][4]

| 证券代码：000685 | 证券简称：中山公用 | | | 编号：2025-043 | | --- | --- | --- | --- | --- | | 债券代码：148375 | 债券简称：23 | 中山 | K1 | | 中山公用事业集团股份有限公司 2023 年面向专业投资者公开发行科技创新 公司债券(第一期)2025 年付息公告 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 2023 年面向专业投资者公开发行科技创新公司债券 (第一期)（债券简称：23 中山 K1，债券代码：148375，以下简称"本期债券"）将于 2025 年 7 月 14 日（因 2024 年 7 月 13 日为休息日，故顺延至其后的第一个工作日）支付 2024 年 7 月 13 日至 2025 年 7 月 12 日期间的利息 2.95 元(含税)/张。本次债券付息期的债权 登记日为 2025 年 7 月 11 日，凡在 2025 年 7 月 11 日（含）前买入并持有本期债券的投资 者享有获得本次利息款的权利；2025 年 7 月 ...

Core Viewpoint - The announcement details the implementation of the 2024 annual profit distribution plan by Zhongshan Public Utilities Group Co., Ltd, which includes a cash dividend of 0.82 RMB per 10 shares for shareholders [2][6]. Summary by Sections Profit Distribution Plan - The total share capital of the company is 1,475,111,351 shares, with 7,380,221 shares in the stock repurchase account excluded from profit distribution, resulting in a distribution base of 1,467,731,130 shares [2][6]. - The total cash dividend to be distributed amounts to 120,353,952.66 RMB (including tax) [2][6]. Shareholder Meeting Approval - The profit distribution plan was approved at the annual shareholder meeting held on June 5, 2025, with no changes to the total share capital since the disclosure of the distribution plan [3][4]. Dividend Payment Dates - The key dates for the dividend distribution are as follows: - Record date: July 15, 2025 - Ex-dividend date: July 16, 2025 - Dividend payment date: July 16, 2025 [7]. Dividend Distribution Method - Cash dividends will be directly credited to shareholders' accounts by the China Securities Depository and Clearing Corporation Limited on the payment date [8]. - Specific tax treatments apply to different categories of shareholders, with detailed tax rates provided for various holding periods [6]. Calculation of Ex-Dividend Price - The ex-dividend price will be calculated based on the total share capital, including repurchased shares, with a per-share cash dividend of approximately 0.0815897 RMB [11].

Core Viewpoint - The company has announced its profit distribution plan for the fiscal year 2024, which includes a cash dividend of 0.82 RMB per 10 shares for shareholders, after excluding shares held in the company's repurchase account [1][2]. Summary by Sections Profit Distribution Plan - The company plans to distribute a total cash dividend of 120,353,952.66 RMB (including tax) based on a total share capital of 1,475,111,351 shares, excluding 7,380,221 shares held in the repurchase account [1][4]. - The cash dividend per share is calculated as 0.0815897 RMB, which will be deducted from the closing price on the record date for the ex-dividend price [1][5]. Dividend Payment Details - The cash dividend will be distributed to all shareholders holding shares as of the close of trading on July 15, 2025 [2][4]. - The distribution will be made directly to shareholders' accounts through their custodial securities companies [2]. Taxation Information - The cash dividend is subject to different tax rates based on the type of shares held by investors, with specific provisions for Hong Kong investors and domestic investors [2][4]. - The company will not withhold individual income tax at the time of distribution; instead, it will be calculated based on the holding period when the shares are sold [2][4].

证券代码：000685 证券简称：中山公用 公告编号：2025-042 中山公用事业集团股份有限公司 2024 年度权益分派实施公告 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： 1.中山公用事业集团股份有限公司（以下简称"公司"）总股本为 1,475,111,351 股，其中公司股票回购专用证券账户中的股份 7,380,221 股不享有利润分配权，因而 剔除公司股票回购专用证券账户中的股份数量后，公司本次利润分配的基数为 1,467,731,130 股,以此向全体股东每 10 股派发现金红利 0.82 元（含税）。以此计算 合计拟派发现金红利 120,353,952.66 元 （含税）。 2.本次权益分派实施后，计算除权除息价格时，按公司总股本（含公司回购专户 已回购股份）折算的每股现金分红=现金分红总金额/总股本=120,353,952.66 元 /1,475,111,351 股=0.0815897 元/股（结果取小数点后七位，最后一位直接截取，不 四舍五入），2024 年年度权益分派实施后的除权除息价格=股权登记日收盘价 -0.0815897 ...