Core Viewpoint - Zhongshan Public Utilities (000685.SZ) expects a net profit attributable to shareholders of 1.798 billion to 2.158 billion yuan for 2025, representing a growth of 50.00% to 80.00% compared to the previous year [1] Financial Performance - The net profit excluding non-recurring gains and losses is projected to be between 1.781 billion and 2.138 billion yuan, also reflecting a growth of 50.00% to 80.00% year-on-year [1] Business Strategy - The company demonstrates strong resilience in a complex and competitive external environment by advancing industrial and resource structure adjustments, implementing refined operational management, and leveraging forward-looking fund investments to enhance the main business value [1] - These strategies effectively increase profit margins, contributing to steady overall performance growth [1]

Core Viewpoint - The company, Zhongshan Public Utilities, forecasts a significant increase in net profit for the year 2025, projecting a growth of 50% to 80% compared to the previous year [1] Financial Performance - The expected net profit attributable to shareholders for 2025 is estimated to be between 1,798.23 million yuan and 2,157.88 million yuan [1] - The projected net profit, excluding non-recurring gains and losses, is anticipated to be between 1,781.40 million yuan and 2,137.68 million yuan [1] Performance Drivers - The company demonstrates strong resilience in a complex and competitive external environment, attributed to strategic adjustments in industry and resource structure [1] - Implementation of refined operational management and proactive investment strategies has enhanced the company's core business value and profit margins [1]

Core Viewpoint - The company expects a net profit of 1.798 billion to 2.158 billion yuan for the fiscal year 2025, representing a year-on-year growth of 50.00% to 80.00% [1] Group 1: Financial Performance - The projected net profit for 2025 indicates strong financial growth despite a complex and competitive external environment [1] - The anticipated profit growth is attributed to effective adjustments in industry and resource structure, as well as refined operational management [1] Group 2: Strategic Initiatives - The company is leveraging forward-looking fund investments to link industry ecosystems and enhance the value of its core business [1] - These strategic initiatives are expected to effectively increase profit margins and contribute to steady overall performance growth [1]

证券代码：000685 证券简称：中山公用 公告编号：2026-006 中山公用事业集团股份有限公司 2025 年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、 误导性陈述或重大遗漏。 一、本期业绩预计情况 1、业绩预告期间：2025 年 1 月 1 日至 2025 年 12 月 31 日。 2、业绩预告情况：预计净利润为正值且属于同向上升 50%以上情形 | 项 目 | | 本报告期 | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股东的净利润 | 盈利：179,823.07 | | 万元-215,787.68 万元 | 盈利：119,882.04 | 万元 | | | 比上年同期增长：50.00%-80.00% | | | | | | 扣除非经常性损益后的净利润 | 盈利：178,140.28 | | 万元-213,768.34 万元 | 盈利：118,760.19 | 万元 | | | 比上年同期增长：50.00%-80.00% | | | | | | 基本每股收益 | 盈利：1.23 | 元/ ...

根据《建设工程质量管理条例》第六十二条第一款规定，"违反本条例规定，承包单位将承包的工程转包或者违法分包的，责令改正，没收违法所得，对勘 察、设计单位处合同约定的勘察费、设计费百分之二十五以上百分之五十以下的罚款；对施工单位处工程合同价款百分之零点五以上百分之一以下的罚款； 可以责令停业整顿，降低资质等级；情节严重的，吊销资质证书。"中山市三角镇人民政府向中山公用工程有限公司作出罚款59466.54元的相应处罚。 1月27日，中山市三角镇人民政府向中山公用工程有限公司开出行政处罚决定书：罚款59466.54元。 | 双公示详情 | | | | --- | --- | --- | | | 行政处罚决定书文号: | 粤中三角执罚字〔2026〕33号 | | | 违法行为类型: | 《建设工程质量管理条例》第二十五条第三款"施工单位不得转包或者违法分包工程。" | | | 违法事实: | 中山公用工程有限公司将承包的工程违法分包，其行为违反了《建设工程质量管理条例》第二十五条第三款的规定, | | | | 第一款的规定,应予处罚 | | | | 《建设工程质量管理条例》第六十二条第一款"违反本条例规定,承包单位将承 ...

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。 中山公用事业集团股份有限公司（以下简称"公司"）分别于2024年9月23日、 2024年10月24日召开2024年第4次临时董事会会议和2024年第2次临时股东大会，审议 通过了《关于拟注册发行超短期融资券和中期票据的议案》，同意公司向中国银行间 市场交易商协会（以下简称"交易商协会"）申请注册发行总额度不超过人民币20亿 元（含20亿元）的超短期融资券和总额度不超过人民币30亿元（含30亿元）的中期票 据。具体内容详见公司于2024年9月24日在巨潮资讯网（http://www.cninfo.com.cn/） 披露的《关于拟注册发行超短期融资券和中期票据的公告》（公告编号：2024-037）。 2025年5月19日公司获得交易商协会签发的《接受注册通知书》（中市协注〔2025〕 SCP132号），决定接受公司超短期融资券注册，注册金额为20亿元，注册额度自通知 书落款之日起2年内有效。具体内容详见公司于2025年5月21日在巨潮资讯网 （http://www.cninfo.com.cn/）披露的《关于超短期融资券 ...

在国家"双碳"战略引领下，能源结构转型步入系统推进新阶段。广东省将"绿美广东"生态建设与"十五五"新 能源规划深度融合，为地方实践绘就蓝图。在此背景下，如何将战略蓝图转化为基层生动实践，成为关键课 题。中山公用能源发展有限公司（下称公用能源）以打造"城市绿色发展综合服务商"为目标，开展一系列富 有成效的探索，形成一套系统性强、操作性高的"公用能源实践"。 生态合作——公用能源与火炬工业集团签约。 生态合作——公用能源与中山市灯都智慧城市运营服务有限公司签约。 生态合作——公用能源与华为数字能源签约。 模式创新——构建绿色能源综合服务三步走路径 "公用能源实践"的首要特征，在于业务模式的递进式发展。从初期的绿色投资夯实资产基础，到构建智慧运 营能力实现效率跃升，进而通过生态合作整合资源、提供系统解决方案，最终形成协同发展的综合服务体 系。 绿色投资： 筑牢"压舱石"，开拓"增长极" 公用能源以分布式光伏为核心抓手，坚持规模化发展，为向城市绿色发展综合服务商转型筑牢资产基石。 2023年成立至今，并网及在建的光伏、储能、充电桩项目累计容量突破400MWp，总投资规模超过15亿元， 总发电量达4.4亿千瓦时。 这份 ...

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating a favorable investment environment for renewable energy and gas companies [2][3]. Core Insights - The report highlights a slight increase in overall power generation in 2025, primarily driven by wind and solar energy contributions, while traditional coal power generation shows a decline [8][9]. - The extreme cold weather in the U.S. has led to a significant spike in natural gas prices due to increased demand and supply constraints [18][22]. - The report suggests various investment opportunities across different segments of the energy sector, including coal power, hydropower, nuclear power, renewable energy, and gas companies [18][43]. Summary by Sections 1. Power Generation - In December 2025, total power generation was 858.6 billion kWh, a year-on-year increase of 0.1%. Coal power generation decreased by 3.2%, while renewable sources like wind and solar saw significant growth [10][11]. - For the entire year of 2025, total power generation reached 9715.9 billion kWh, up 2.2% from the previous year, with coal power down by 1.0% and solar power up by 24.4% [15][19]. 2. Natural Gas - As of January 23, 2026, the Henry Hub spot price surged to $30.72/mmBtu, reflecting a week-on-week increase of 903.53%. European gas prices also rose significantly due to low inventory levels and increased demand [20][28]. - The report notes that the extreme cold weather has tightened supply and demand dynamics, leading to higher global gas prices, particularly in Europe and Northeast Asia [22][37]. 3. Investment Recommendations - For coal power, companies like Guodian Power and Inner Mongolia Huadian are recommended due to their integrated coal and power operations [18]. - Hydropower companies such as Yangtze Power and State Power Investment Corporation are favored due to favorable conditions for energy storage and reduced capital expenditures [19]. - Nuclear power companies like China National Nuclear Power and China General Nuclear Power are highlighted for their stable cost structures and growth potential [18]. - Renewable energy operators such as Xinte Energy and Longyuan Power are recommended as new market rules enhance the stability of returns [18]. - Gas companies like Kunlun Energy and New Hope Liuhe are suggested for their potential recovery in profitability due to cost reductions and improved pricing mechanisms [43].

证券日报网讯1月23日，中山公用（000685）在互动平台回答投资者提问时表示，截至2026年1月20日， 公司股东总户数42054户。 ...

Core Viewpoint - The Shenzhen State-Owned Enterprises Shareholder Return Index (970064) closed at 1740.66 points, down 0.25%, with a trading volume of 37.125 billion yuan and a turnover rate of 1.46% [1] Group 1: Index Performance - On the day, 31 constituent stocks rose, with North New Building Materials leading with a 4.99% increase, while 17 stocks fell, with Shanjin International leading the decline at 2.07% [1] - The index's top ten constituent stocks include: - BOE Technology Group (sz000725) with a weight of 9.45%, closing at 4.40 yuan, down 1.35% [1] - Wuliangye Yibin (sz000858) with a weight of 9.34%, closing at 102.76 yuan, down 0.28% [1] - Hikvision (sz002415) with a weight of 7.48%, closing at 32.09 yuan, down 1.56% [1] - XCMG Machinery (sz000425) with a weight of 6.90%, closing at 10.86 yuan, down 1.54% [1] - Weichai Power (sz000338) with a weight of 6.24%, closing at 22.36 yuan, down 0.89% [1] Group 2: Capital Flow - The net outflow of main funds from the index's constituent stocks totaled 872 million yuan, while retail investors saw a net inflow of 1.149 billion yuan [1] - Detailed capital flow for selected stocks includes: - Yuexiu Capital (000987) with a main fund net inflow of 107 million yuan, but retail outflows of 54.4 million yuan [2] - Huazhong Steel (000932) with a main fund net inflow of 85.6 million yuan, but retail outflows of 33.9 million yuan [2] - Yun Aluminum (000807) with a main fund net inflow of 54.8 million yuan, but retail outflows of 68.3 million yuan [2]