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。 重要内容提示： 证券代码：000685 证券简称：中山公用 公告编号：2025- 031 中山公用事业集团股份有限公司 关于召开 2024 年度业绩说明会的公告 会议召开时间：2025年5月8日（星期四）15:00-17:00 会议召开方式：网络文字互动方式 网络文字互动地址： 1.深圳证券交易所"互动易"平台"云访谈"栏目（http://irm.cninfo.com.cn） 2.价值在线-易董价值平台路演广场（https://eseb.cn/1nzjnjKfN84） 一、业绩说明会类型 中山公用事业集团股份有限公司（以下简称"公司"）《2024年年度报告》及摘要 于2025年4月26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）上披露。 为进一步加强公司与投资者的深入交流，使投资者更加全面、深入地了解情况，公 司决定以网络文字互动方式召开2024年度业绩说明会，欢迎广大投资者积极参与，公司 将广泛听取投资者意见和建议。 二、业绩说明会召开 ...

Financial Performance - The company's operating revenue for 2024 reached ¥5,678,178,699.81, representing a 9.22% increase compared to ¥5,198,990,506.55 in 2023[16]. - Net profit attributable to shareholders for 2024 was ¥1,198,820,443.69, a 24.02% increase from ¥967,284,815.98 in 2023[16]. - The net profit after deducting non-recurring gains and losses was ¥1,187,601,869.78, reflecting a 30.06% increase from ¥913,104,162.51 in 2023[16]. - The company's total assets increased by 11.69% to ¥32,411,166,172.47 at the end of 2024, up from ¥29,006,980,559.53 at the end of 2023[16]. - The net assets attributable to shareholders rose by 6.88% to ¥17,512,631,577.72 at the end of 2024, compared to ¥16,377,679,084.68 at the end of 2023[16]. - The basic earnings per share for 2024 was ¥0.82, a 24.02% increase from ¥0.66 in 2023[16]. - The net cash flow from operating activities was negative at -¥248,671,370.90, a decline of 141.02% from ¥604,191,125.07 in 2023[16]. - The weighted average return on equity increased to 7.08%, up by 1.04 percentage points from 6.05% in 2023[16]. Dividend Policy - The company plans to distribute a cash dividend of 0.82 CNY per 10 shares (including tax) to all shareholders based on the total share capital after deducting repurchased shares[1]. - The total distributable profit available for shareholders at the end of 2024 was 7,541,932,882.71 CNY, with a cash dividend of 120,353,952.66 CNY proposed, representing 100% of the profit distribution total[190][194]. - The cash dividend per 10 shares is set at 0.82 CNY (including tax), with a total of 1,475,111,351 shares outstanding, excluding repurchased shares[194]. - The company plans to maintain a cash dividend ratio of at least 30% of the distributable profit, with a minimum of 20% for cash dividends specifically[188]. - The total cash dividend distributed, including a special dividend of 3.50 CNY per 10 shares already paid, amounts to approximately 52.89% of the company's distributable profit for the year[194]. - The company has established a differentiated cash dividend policy based on its development stage and capital expenditure needs, with a minimum cash dividend ratio of 40% for mature stages with significant capital expenditures[189][191]. Corporate Governance - The company has enhanced its governance structure, receiving recognition such as the "Board of Directors Value Creation Award" and being listed among the "Top 50 ESG Listed Companies in the Greater Bay Area" for its governance practices[54]. - The company emphasizes the importance of information disclosure, adhering to principles of truthfulness, accuracy, completeness, and timeliness[143]. - The company is committed to improving corporate governance and enhancing decision-making processes through specialized committees[141]. - The company operates independently from its controlling shareholders, with clear separation in personnel, finance, assets, organization, and business operations[147]. - The company has a dedicated financial department with an independent accounting system, further reinforcing its financial autonomy[147]. - The company has a clear strategy for ongoing communication and feedback with investors, enhancing their understanding and confidence in the company's direction[144]. - The company has established a robust investor relations management system, enhancing communication with investors through various channels, including earnings briefings and investor hotlines[144]. - The company held three shareholder meetings during the reporting period, ensuring equal rights for all shareholders, especially minority shareholders[139]. Risk Management - The company has a comprehensive risk analysis and response strategy outlined in the management discussion section of the annual report[1]. - The company faces macroeconomic policy risks that could impact its performance, and it will strengthen policy analysis and response mechanisms[130]. - The company is addressing profitability growth risks by expanding its industry chain and optimizing operational management to improve service quality[130]. - The company has implemented measures to regularly analyze and assess its asset and operational status to mitigate risks[86]. Environmental Initiatives - The environmental protection industry is transitioning towards a green low-carbon economy, with a focus on water resource management and infrastructure modernization[27]. - The cumulative installed capacity of distributed photovoltaic power is expected to reach 370 million kilowatts by the end of 2024, accounting for 42% of the total installed capacity[37]. - The solid waste treatment industry aims for a 30% resource utilization rate for construction waste by 2024, with significant investments in "waste-free city" initiatives[34]. - The smart sanitation sector is projected to improve operational efficiency by over 30% through the application of IoT and AI technologies[35]. - The company is focusing on the development of new products and technologies in the waste incineration sector, enhancing its industry presence[77]. Strategic Development - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[63]. - The company aims to innovate in new energy development by leveraging financial tools to support the construction of zero-carbon industrial parks and the integration of energy storage systems[126]. - The company will implement a closed-loop management system to enhance strategic planning and execution, focusing on core business innovation and market recognition[128]. - The company is committed to deepening organizational reforms and enhancing market mechanisms to stimulate development momentum and improve operational efficiency[129]. Human Resources - The total number of employees at the end of the reporting period is 5,794, with 5,713 from major subsidiaries and 81 from the parent company[181]. - The company plans to optimize its salary performance system in 2024, shifting from KPI to OKR for performance assessments[183]. - In 2024, the company aims to train over 13,000 employees, achieving a training coverage rate of 100%[185]. - The company is focused on establishing a competitive salary mechanism and welfare system to enhance employee benefits[182]. Investments and Acquisitions - The company holds a 10.55% stake in Guangfa Securities and has established multiple investment funds to support strategic development[49]. - The company has completed several equity investments, including ¥96,850,560.96 in Guangfa Securities, representing a 0.21% stake[94]. - The company has ongoing significant non-equity investments, with a total actual investment of RMB 1.16 billion and cumulative actual investment of RMB 3.45 billion as of the end of the reporting period[100]. - The company is exploring opportunities for mergers and acquisitions to strengthen its market position and expand its service offerings[162]. Internal Control and Compliance - The internal control system has been continuously improved to enhance decision-making efficiency and ensure compliance with legal regulations[196]. - The internal control evaluation report indicates that there were no significant defects in financial reporting for the year 2024[199]. - The internal control audit report confirms that the company maintained effective internal controls over financial reporting as of December 31, 2024[200]. - The company has implemented measures to ensure compliance with recognized accounting standards and anti-fraud procedures[199].

特别提示： 中山公用事业集团股份有限公司 2024 年面向专业投资者公开发行科技创新公司债券 (第二期)（债券简称：24 中山 K2，债券代码：148707，以下简称"本期债券"）将于 2025 年 4 月 28 日（因 2025 年 4 月 26 日为休息日，故顺延至其后的第一个工作日）支付 2024 年 4 月 26 日至 2025 年 4 月 25 日期间的利息 2.38 元(含税)/张。本次债券付息期的债权 登记日为 2025 年 4 月 25 日，凡在 2025 年 4 月 25 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 4 月 25 日(含）前卖出本期债券的投资者不享有本 次派发的利息。 一、债券基本情况 | 证券代码：000685 | 证券简称：中山公用 | | | 编号：2025-023 | | --- | --- | --- | --- | --- | | 债券代码：148707 | 债券简称：24 | 中山 | K2 | | 中山公用事业集团股份有限公司 2024 年面向专业投资者公开发行科技创新 公司债券（第二期）2025 年付息公告 本公司及董事会全 ...

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [4][6]. Core Views - The report highlights that coal and electricity prices are declining simultaneously, which is expected to maintain reasonable profitability for thermal power companies. Recommendations include major thermal power enterprises such as Huadian International and Shanghai Electric [3][6]. - Continuous government policies supporting renewable energy development are anticipated to stabilize profitability in the renewable energy sector. Recommended companies include Longyuan Power, Three Gorges Energy, and regional offshore wind power companies like Guangxi Energy and Funiu Co [3][6]. - The growth in installed capacity and power generation is expected to offset the downward pressure on electricity prices, with nuclear power companies like China Nuclear Power and China General Nuclear Power projected to maintain stable profitability [3][6]. - High-dividend hydropower stocks are highlighted for their defensive attributes in a global interest rate decline context, with recommendations for Changjiang Electric Power [3][6]. - The environmental sector, particularly water and waste incineration industries, is entering a mature phase with significant improvements in free cash flow. Recommended companies include China Everbright Environment and Zhongshan Public Utilities [3][6]. Summary by Sections Market Review - The Shanghai Composite Index rose by 0.59%, while the public utility index increased by 1.77%. The environmental index saw a slight increase of 0.04% [12][19]. - In March, the total electricity consumption reached 828.2 billion kWh, marking a year-on-year growth of 4.8% [13][49]. Important Policies and Events - The report notes that in March, the first industry electricity consumption was 10.6 billion kWh (up 9.9%), the second industry was 557.8 billion kWh (up 3.8%), and the third industry was 148.4 billion kWh (up 8.4%) [13][52]. Key Company Profit Forecasts and Investment Ratings - Huadian International, Jin Kai New Energy, Shanghai Electric, Longyuan Power, and others are rated as "Outperform" with specific EPS and PE forecasts provided [6]. Industry Dynamics - The report discusses the decline in the import of mass spectrometers from the US, with a significant drop in both import value and quantity from 2020 to 2024 [15][17]. Sector Performance - The report indicates that the public utility and environmental sectors ranked 7th and 23rd respectively among 31 industry classifications in terms of performance [12][19]. Electricity Industry Data - The report provides detailed statistics on electricity generation, noting a 1.8% year-on-year increase in industrial electricity production in March, with specific growth rates for different energy sources [42][49]. Carbon Market Overview - The report includes insights into the domestic carbon market, highlighting recent price trends and trading volumes [86][87]. Coal Price Trends - The report notes that the price of thermal coal remained stable, with the price at the port reported at 678 RMB/ton [99].

金融界4月17日消息，A股三大指数收盘涨跌不一，中证1000公用事业指数 (1000公用，H30448)报 3151.51点。 数据统计显示，中证1000公用事业指数近一个月下跌0.62%，近三个月上涨3.49%，年至今下跌3.66%。 从指数持仓来看，中证1000公用事业指数十大权重分别为：吉电股份（6.89%）、金开新能 （5.33%）、林洋能源（5.24%）、涪陵电力（5.23%）、宝新能源（5.16%）、皖能电力（5.11%）、九 丰能源（4.79%）、洪城环境（4.68%）、晶科科技（4.51%）、中山公用（4.51%）。 从中证1000公用事业指数持仓的市场板块来看，上海证券交易所占比55.26%、深圳证券交易所占比 44.74%。 从中证1000公用事业指数持仓样本的行业来看，电力及电网占比72.26%、燃气占比15.98%、水务占比 10.17%、供热及其他占比1.59%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样本中剔除。样本公司发生收 购、合并、分拆等情形的处理，参照计算 ...

从中证1000公用事业指数持仓的市场板块来看，上海证券交易所占比56.02%、深圳证券交易所占比 43.98%。 从中证1000公用事业指数持仓样本的行业来看，电力及电网占比72.13%、燃气占比16.34%、水务占比 9.95%、供热及其他占比1.58%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样本中剔除。样本公司发生收 购、合并、分拆等情形的处理，参照计算与维护细则处理。当中证1000指数调整样本时，中证1000行业 指数样本随之进行相应调整。在样本有特殊事件发生，导致其行业归属发生变更时，将对中证1000行业 指数样本进行相应调整。 金融界3月31日消息，上证指数下跌0.46%，中证1000公用事业指数 (1000公用，H30448)报3155.13点。 数据统计显示，中证1000公用事业指数近一个月上涨2.02%，近三个月下跌6.05%，年至今下跌3.55%。 据了解，中证1000指数行业指数系列从每个行业内选取流动性和市场代表性较好的证券作为指数样本， 形成10条中证1000行业指 ...

Group 1: Company Strategy and Vision - The company aims to become a leading provider of environmental and resource solutions in China, focusing on ecological optimization and resource efficiency [1] - The strategic framework is based on a dual-core and dual-wheel model, with a "311" strategic planning goal [1] - Revenue has doubled over the past two years, establishing a three-pronged business structure in water services, solid waste, and new energy [1] Group 2: Business Overview - The company operates in environmental water services, solid waste management, new energy, engineering construction, and other sectors [1] - The water services segment includes water pollution control, urban water supply, water quality monitoring, and drainage management, with a growing market share [2] - The solid waste segment has over 30% market share locally, focusing on waste-to-energy projects and expanding through acquisitions [2] - The new energy segment emphasizes distributed photovoltaic power station investments, leveraging partnerships for resource and capital interaction [2] Group 3: Financial Investments - The company holds a 10.55% stake in GF Securities and collaborates on various investment funds, transitioning from financial to industrial investments [3] - The focus is on integrating financial resources to enhance the company's main business ecosystem [3] Group 4: Future Development Plans - The company plans to expand its industrial wastewater treatment capabilities, leveraging its experience in domestic wastewater management [3] - Future initiatives will include developing a comprehensive energy service industry encompassing power trading, carbon trading, and new energy asset trading [2]

证券代码：000685 证券简称：中山公用 公告编号：2025-022 中山公用事业集团股份有限公司 第十一届董事会 2025 年第 2 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 二、董事会会议审议情况 审议通过《关于 2025 年组织体系建设优化的议案》 基于战略规划及业务发展需求，为进一步加强公司各级功能定位，做优总部战略 引领、做强二级单位经营统筹、做实生产单元运营管理，实现管理和运营效率提升， 公司开展 2025 年组织体系建设优化。调整后的公司组织架构图详见附件。 审议结果：8 票同意，0 票反对，0 票弃权。 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 2 次临时会议于 2025 年 3 月 17 日（星期一）以通讯表决的方式召开，会议由董事 长郭敬谊先生主持。会议通知已于 2025 年 3 月 13 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 ...

Group 1: Market Value Management Strategies - The company has implemented a special dividend plan, distributing a cash dividend of 3.50 CNY per 10 shares, totaling 514 million CNY to enhance shareholder returns [1] - A "Quality and Return Improvement" initiative is in place, focusing on core business development, governance enhancement, and optimizing information disclosure to improve operational quality and shareholder returns [1] - The company has published a "Valuation Enhancement Plan" aimed at strengthening core business competitiveness, ensuring stable dividends, and improving investor relations [1] - An investor relations management mechanism has been established, utilizing various communication channels to enhance information disclosure and market value recognition [2] Group 2: New Energy Business Development - The company is leveraging investments and industry funds to develop its new energy business, focusing on distributed photovoltaic power station investments [3] - A "Zero Carbon Smart Energy Park Solution" has been successfully developed and implemented in multiple benchmark projects [3] - Future plans include expanding the new energy sector to encompass power trading, carbon trading, and new energy asset trading [3] Group 3: Business Layout and Synergy - The company has established a comprehensive business layout, including water services, solid waste management, and new energy, with a focus on collaborative development among these sectors [4] - The water supply and wastewater treatment operations have been expanded, with plans to enter the industrial wastewater treatment market [5] - The solid waste management sector aims to enhance urban environmental service competitiveness through market expansion and brand development [6] Group 4: Future Dividend Plans - The special dividend is part of the company's broader strategy to enhance market value and shareholder returns [6] - A three-year shareholder return plan (2025-2027) will be developed to ensure stable cash dividends, considering industry characteristics and investment needs [6]

| 债券代码:148375.SZ | | --- | | 债券代码:148605.SZ | | 债券代码:148707.SZ | 债券简称：23 中山 K1 债券简称:24 中山 K1 债券简称:24 中山 K2 金圆统一证券有限公司 关于中山公用事业集团股份有限公司三分之一以上董事 发生变动情况的临时受托管理事务报告 受托管理人: 金圆统一证券有限公司 (住所:中国(福建)自由贸易试验区厦门片区象屿路 93号厦 门国际航运中心 C 栋 4 层 431 单元 A 之九) 签署日期:2025年3月 声 明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行 为准则》《中山公用事业集团股份有限公司(作为"发行人")与金圆统一证券有 限公司(作为"受托管理人")关于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公司债券受托管理协议》(以下简称"受托管理协议")等相 关文件,以及中山公用事业集团股份有限公司(以下简称"发行人""中山公用") 提供的相关文件,由债券受托管理人金圆统一证券有限公司(以下简称"金圆统 一证券")编制。 本报告不构成对投资者进行或不进行某项行为的推荐意见, ...