天眼查商业履历信息显示，中山公用事业集团股份有限公司，成立于1992年，位于中山市，是一家以从 事水的生产和供应业为主的企业。企业注册资本147511.1351万人民币，实缴资本147511.1351万人民 币。公司法定代表人为郭敬谊。 中山公用最新一期业绩显示，截至2025一季报，公司营业总收入9.77亿元、同比增长8.25%，归属净利 润3.05亿元，同比增长62.19%，扣非净利润3.04亿元，同比增长92.11%，流动比率0.710、速动比率 0.691、资产负债率49.30%。 金融界消息 截至2025年7月31日收盘，中山公用（000685）报收于9.38元，下跌1.26%，换手率1.15%， 成交量14.41万手，成交金额1.35亿元。 资金流向方面，今日主力资金净流出1571.42万元，占比成交额11.6%。其中，超大单净流出328.99万 元、占成交额2.43%，大单净流出1242.43万元、占成交额9.17%，中单净流出流入1981.70万元、占成交 额14.63%，小单净流出410.28万元、占成交额3.03%。 通过天眼查大数据分析，中山公用事业集团股份有限公司共对外投资了34家企业， ...

Group 1 - The core viewpoint of the article is that Zhongshan Public Utility (SZ 000685) has provided insights into its revenue composition during an investor meeting held on July 30, 2025 [2] - The revenue breakdown for Zhongshan Public Utility for the year 2024 is as follows: engineering revenue accounts for 52.97%, water services account for 25.32%, solid waste management accounts for 13.43%, auxiliary services account for 8.09%, and renewable energy accounts for 0.18% [2]

Group 1: New Energy Development - The company is focusing on green development in the new energy sector, promoting projects like regional energy carbon management platforms and virtual power plants [3] - As of mid-2025, the company has expanded its operations to over 20 cities, with more than 80 distributed photovoltaic projects and a grid-connected installed capacity of 300 MW [3] Group 2: Water Supply Business - In 2024, the local water sales volume reached 450 million tons, marking a 7.5% year-on-year growth, driven by strategic layout benefits and an increase in market share to 94% [3] - The company has integrated coverage across 22 towns and two major functional areas, serving over 1.46 million households [3] Group 3: Waste Management Projects - The acquisition of the Central Group's waste treatment base is strategically valuable, benefiting from a favorable industry outlook and providing long-term stable revenue [4] - The design capacity of the acquired projects includes 1,050 tons/day for Changqing Energy and 1,200 tons/day for Changqing Thermal [3] Group 4: Business Integration and Collaboration - The company integrates its three main businesses: environmental water services, waste management, and new energy, creating a resource-sharing ecosystem [4] - In 2025, the company aims to optimize its financing structure, having established long-term partnerships with financial institutions, issuing a 500 million yuan short-term financing bond at a record low interest rate of 1.66% [4] Group 5: Strategic Partnerships - The company maintains a strong partnership with GF Securities, exploring deeper strategic collaborations in green finance and innovative business areas [5] - Future cooperation will focus on leveraging GF Securities' expertise in green finance and capital support for the company's main business development [5]

Core Viewpoint - Zhongshan Public Utility (000685.SZ) is strengthening its solid waste business through the acquisition of 100% equity in Changqing Environmental Energy and Changqing Thermal Energy for 494 million yuan, aiming to enhance its operational scale and synergy within its solid waste projects [1][2][3]. Acquisition Details - The acquisition process has been ongoing for two years, with a framework agreement signed in June 2023 and a supplementary agreement extending the negotiation period until May 2024 [2]. - The two target companies, Changqing Energy and Changqing Thermal, are involved in power generation, transmission, and solid waste management, with a designed waste incineration capacity of 2,250 tons per day [2][3]. Financial Performance - In 2024, the solid waste segment of Zhongshan Public Utility achieved revenue of 763 million yuan, a 32% increase year-on-year, contributing 13.43% to total revenue [1][5]. - The revenue from garbage power generation reached 364 million yuan, up 9%, while sanitation service revenue surged by 63.48% to 399 million yuan [5]. Business Development - Zhongshan Public Utility is focused on expanding its core business areas, including environmental water services, solid waste management, and renewable energy [4]. - The company has completed multiple acquisitions in 2024 to enhance its capabilities in solid waste and sanitation services [5]. Operational Efficiency - The company processed 138,250 tons of household waste in 2024, generating 569 million kilowatt-hours of electricity, with an increase in power generation efficiency [6]. - The sanitation service market share exceeds 40%, with operations extending to multiple regions, including five landfill management projects in Shenzhen [6]. Overall Financial Growth - In 2024, Zhongshan Public Utility reported total revenue of 5.678 billion yuan, a 9.22% increase, and a net profit of 1.199 billion yuan, up 24.02% [7]. - In the first quarter of 2025, the company achieved revenue of 977 million yuan, reflecting an 8.25% year-on-year growth, with net profit increasing significantly [7].

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [1][6][10]. Core Views - The completion of the preliminary design for China's first 1 million kilowatt fourth-generation commercial fast reactor marks a significant advancement in the country's nuclear energy strategy [2][16]. - The public utility sector saw a 7.64% increase in the total market value of fund holdings, reaching 63.28 billion yuan in Q2 2025, with a focus on hydropower companies [3][17]. - The report emphasizes the importance of coal and electricity prices moving in tandem, which is expected to sustain reasonable profitability for thermal power companies [4][25]. Summary by Sections Market Review - The Shanghai Composite Index rose by 1.69%, while the public utility index fell by 0.27% and the environmental index increased by 1.66% [1][15]. - Within the power sector, thermal power decreased by 0.29%, hydropower by 1.31%, while new energy generation rose by 1.24% [1][28]. Important Events - The preliminary design of the CFR1000 fast reactor has been completed, which is crucial for energy security and sustainable development in nuclear energy [2][16]. - In August 2025, the electricity trading price in Jiangsu was 393.8 yuan per megawatt-hour, with a total transaction volume of 12.353 billion kilowatt-hours [2][16]. Investment Strategy - Recommendations include major thermal power companies like Huadian International and Shanghai Electric, as well as leading new energy firms such as Longyuan Power and Three Gorges Energy [4][25]. - The report suggests focusing on high-dividend hydropower stocks like Yangtze Power for their defensive attributes [4][25]. Fund Holdings - In Q2 2025, the total market value of fund holdings in the public utility sector was 63.28 billion yuan, with a notable increase in hydropower and gas sectors, while thermal power saw a reduction [3][19]. - The environmental sector's fund holdings totaled 7.352 billion yuan, showing a slight decrease from the previous quarter [21][24]. Key Company Predictions and Ratings - Companies such as Huadian International, Longyuan Power, and China Nuclear Power are highlighted with an "Outperform" rating, indicating strong future performance expectations [10][25]. - The report identifies significant investment opportunities in the environmental sector, particularly in waste management and renewable energy technologies [26][24].

去年来，中山公用环保水务、固废处理、新能源三大主业的生态协同效应显著释放。其中固废板块表现 亮眼，2024年该业务实现营业收入7.63亿元，同比增长达到32%。旗下焚烧厂处理生活垃圾138.25万 吨，发电量达5.69亿千瓦时，株洲垃圾焚烧项目移动供热业务成功落地，固废产业链进一步拓展，市场 竞争力进一步增强；中心城区"环卫一体化"入选市级改革案例，相关成果成功落地镇街。同时，中山公 用特别提出，在强化"固废+环卫"协同的基础上，未来将积极探索"固废处理+特色产业园"模式。 据了解，中山公用筹划扩大固废板块业务早有计划。2023年，中山公用已经与长青集团签订了《关于长 青环保能源(中山)有限公司、中山市长青环保热能有限公司股权并购框架协议》以及《关于长青环保能 源(中山)有限公司、中山市长青环保热能有限公司股权并购框架协议之补充协议》。鉴于交易双方在 《原协议》和《补充协议》有效期内未能就本次股权转让的关键问题达成一致意见。经友好协商，交易 双方不再另行签署延长有效期的协议，未来仍可能就相关事项进行接触。 中山公用表示，本次收购长青能源100%股权与长青热能100%股权的交易对价以评估结果为基础，经双 方协商 ...

证券代码：000685 证券简称：中山公用 公告编号：2025-047 中山公用事业集团股份有限公司 关于全资子公司受让长青环保能源（中山） 有限公司与中山市长青环保热能有限公司 100%股权的公告 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： 1.本次交易投资回报受宏观经济环境、监管政策、行业周期、投资标的经营管理 等多种因素影响，可能存在不能实现预期收益、标的资产估值等风险。 2.本次交易各方尚未正式签署协议，且后续尚需履行报中山市城市管理和综合执 法局的审批同意等程序，具体实施情况和进度上存在不确定性，公司将根据后续推进 情况及时披露进展，敬请广大投资者注意投资风险。 2025 年 7 月 25 日，中山公用事业集团股份有限公司（以下简称"公司"）召开 第十一届董事会 2025 年第 4 次临时会议，以 8 票同意，0 票反对，0 票弃权审议通过 了《关于全资子公司受让长青环保能源（中山）有限公司与中山市长青环保热能有限 公司 100%股权的议案》，公司下属全资子公司中山公用环保能源投资有限公司（以下 简称"公用环保能源"）与广东长青（集团） ...

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（ ...