Core Insights - The gas and thermal power sectors have shown strong performance in the afternoon trading session on October 20, with notable stocks experiencing significant gains [1] Group 1: Market Performance - Guo New Energy has achieved a remarkable performance with 4 consecutive trading days of gains [1] - Hengsheng Energy, Jingneng Thermal Power, and Huitian Thermal Power have all reached their daily price limit [1] - Other companies such as Changchun Gas, Shouhua Gas, and Langfang Development have also reported substantial increases in their stock prices [1]

Group 1 - The company held its 12th temporary board meeting on October 15, 2025, where several related party transactions were approved [6][8][12] - The board meeting was attended by all 9 directors, and the meeting complied with relevant laws and regulations [3][5] - The company plans to hold its 7th temporary shareholders' meeting on October 31, 2025, to discuss the approved transactions [26][28] Group 2 - The board approved a related party transaction for the renovation of the heat network control platform, with a budget of 19.2 million yuan [58][62] - The company will engage Run Electric Science and Technology Co., Ltd. for the renovation, which aims to improve energy efficiency and reliability of the heating system [58][60] - The transaction does not constitute a major asset restructuring and does not require approval from regulatory authorities [58][62] Group 3 - The company will sell heat to its subsidiary, Shenyang Huayong Company, for the 2025-2026 heating season, with an expected transaction amount not exceeding 35 million yuan [12][16] - The heat price is set at no less than 53 yuan per gigajoule, with an estimated sale of 600,000 gigajoules [12][16] - The transaction was approved by the board, with independent directors confirming it does not harm the interests of minority shareholders [20][80] Group 4 - The company will also sell heat to Shenyang Shendong Thermal Power Co., Ltd. during the same heating period, with an expected transaction amount not exceeding 8 million yuan [70][76] - The pricing structure includes a minimum of 79.55 yuan per gigajoule for heat produced by peak-load boilers and 59.27 yuan per gigajoule for heat purchased from power plants [71][76] - This transaction aims to optimize operational costs and enhance economic and social benefits [78] Group 5 - The company will provide heat delivery services to Shenyang China Resources Thermal Power Co., Ltd., with an expected transaction amount not exceeding 6 million yuan [81][85] - The delivery fee is set at no less than 3.8 yuan per gigajoule, based on actual operational costs [86] - This service aims to enhance resource management and operational efficiency [78]

Core Viewpoint - The company, Huitian Thermal Power (000692.SZ), announced a strategic plan to enhance operational efficiency by providing heating services to its controlling shareholder's subsidiary starting in 2025, following the completion of a long-distance heating pipeline project [1] Group 1 - The company will sell heat to Shenyang Huiyong Heating Co., Ltd. (referred to as "Huiyong Company") from its subsidiary, Erre Company, beginning in 2025 [1] - The heating sales will be based on a fixed price of no less than 53 yuan per gigajoule during the 2025-2026 heating season [1] - It is estimated that Erre Company will sell approximately 600,000 gigajoules of heat to Huiyong Company, with a total transaction value not exceeding 35 million yuan [1]

Core Viewpoint - The company plans to upgrade its existing control systems for heat networks to improve energy efficiency and reliability of the heating system, with a budget of 19.2 million yuan [1] Group 1: Project Overview - The company will implement a unified control platform for its heat networks, specifically for the Shenhui and Tiexi heat networks [1] - The upgrade aims to enhance monitoring, regulation, and daily control of heat exchange stations and heat source plants [1] Group 2: Financial Aspects - The total budget for the project is set at 19.2 million yuan, which will cover system construction, software acquisition, installation, and debugging [1] Group 3: Implementation and Governance - The project will be executed by RunDian Energy Science and Technology Co., Ltd. [1] - The company's board of directors approved the related party transaction for the control platform upgrade during a meeting held on October 15, 2025 [1] - Independent directors held a special meeting to review and approve the related party transaction prior to the board meeting [1]

Core Viewpoint - The company, Huitian Thermal Power (000692.SZ), announced a strategic plan to enhance operational efficiency by providing heating services to its subsidiary, Shenyang Huiyong Heating Co., Ltd., starting from 2025, following the completion of a long-distance heating pipeline project [1] Group 1 - The company will sell thermal energy to Huiyong Company from its subsidiary, Erre Company, to optimize scale benefits [1] - For the heating season of 2025-2026, the thermal energy price is set at no less than 53 yuan per gigajoule [1] - The expected thermal energy sales volume for the 2025-2026 heating season is approximately 600,000 gigajoules, with a transaction value not exceeding 35 million yuan [1]

证券代码：000692 证券简称：惠天热电 公告编号：2025-70 沈阳惠天热电股份有限公司 关联交易的公告 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、概述 基于受托管理控股股东下属供暖企业的整体工作安排，以及公司控股子公司二热公 司长距离回输供热管线工程（一期）的竣工运行，为充分发挥规模效益，自2025年起， 每年由二热公司向公司受托管理的控股股东的全资子公司沈阳惠涌供热有限责任公司 （以下简称"惠涌公司"）以销售热量的方式为惠涌公司所属的东基热源厂（可热电联 产区域）提供热源。 2025-2026年供暖期（2025年11月1日至2026年3月31日），二热公司继续向惠涌公 司销售热量，确定热量单价不低于53元/吉焦，预计2025-2026年供暖期二热公司向惠涌 公司售热约60万吉焦，交易金额不超过3500万元。 本次交易构成关联交易，公司第十届董事会于2025年10月15日召开了2025年第十二 次临时会议，审议通过了《关于控股子公司向惠涌公司售热关联交易的议案》，在审议 表决过程中，关联董事进行了回避表决。公司独立董事事前召开了专门会议审议通 ...

证券代码：000692 证券简称：惠天热电 公告编号：2025-72 沈阳惠天热电股份有限公司 关联交易的公告 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、关于热网管控平台改造关联交易 （一）概述 为实现热源、热网、换热站统一管控，提高能源利用效率及供热系统可靠性，提升 供热品质，沈阳惠天热电股份有限公司（以下简称"惠天热电"或"公司"）决定对公 司及控股子公司原有的沈海热网和铁西热网工控系统平台进行全面升级改造，建设一套 适用于公司当前热网状况的管控平台（即热网数据统一管控平台），用于支撑沈海热网、 铁西热网的监控、调节及换热站、热源厂的日常控制。 预算费用为1920万元，主要用于系统构建、软件系统购置安装、调试。本次改造将 委托润电能源科学技术有限公司（以下简称"润电科学"）来实施。公司第十届董事会 于2025年10月15日召开了2025年第十二次临时会议，审议通过了《关于热网管控平台改 造关联交易的议案》。公司独立董事事前召开了专门会议审议通过了本次关联交易。 本次关联交易，不构成《上市公司重大资产重组管理办法》规定的重大资产重组， 不需要经过有 ...

证券代码：000692 证券简称：惠天热电 公告编号：2025-71 沈阳惠天热电股份有限公司 关于召开 2025 年第七次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：2025年第七次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易所股票 上市规则》《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》 等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 （3）本公司聘请的见证律师 （4）根据相关法规应当出席股东会的其他人员 4、会议时间： （1）现场会议时间：2025年10月31日15:15 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为2025年 10月31日9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统 投票的具体时间为2025年10月31日9:15至15:00的任意时间。 5、会议的召开方式：现场表决与网络投票相结合。 6、会议的股权登 ...

2.会议于2025年10月15日以通讯表决方式召开。 3.会议应到董事9名，实到董事9名。 证券代码：000692 证券简称：惠天热电 公告编号：2025-69 沈阳惠天热电股份有限公司 第十届董事会 2025 年第十二次临时会议决议公告 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、董事会会议召开情况 1.会议通知于2025年10月11日以电话和网络传输方式发出。 4.会议由董事长郑运主持。 5.会议的召开符合《公司法》《股票上市规则》及《公司章程》的规定。 二、董事会会议审议情况 1.审议通过《关于热网管控平台改造关联交易的议案》（9 票同意，0 票反对，0 票 弃权）。 内容详见公司 2025 年 10 月 16 日刊登在《中国证券报》《证券时报》《上海证券报》 和巨潮资讯网上的《公司关联交易公告》（公告编号：2025-72） 2.审议通过《关于控股子公司向沈东热电售热关联交易的议案》（表决结果：8 票同 意，0 票反对，0 票弃权；公司董事武超在交易对方任职，根据《深圳证券交易所股票 上市规则》的规定，董事武超属关联董事，对该议案应进行回避表决） ...

Core Viewpoint - The company is involved in two significant lawsuits against China Railway Ninth Group Co., Ltd. for unpaid fees and construction payments, with potential financial implications if the company wins the cases [2][3][4]. Group 1: Lawsuit Details - Case 1 involves Shenyang Heat Engineering Design Institute, a subsidiary of the company, suing for unpaid design fees amounting to 14.1024 million yuan, with total claims including interest reaching 17.3573 million yuan [3][7]. - Case 2 involves Shenyang Thermal Industrial Installation Engineering Co., Ltd., another subsidiary, claiming unpaid construction payments totaling 60.8489 million yuan, with total claims including interest reaching 71.5297 million yuan [3][9]. - Both lawsuits were officially accepted by the court on October 9, 2025, but have not yet gone to trial [4][8]. Group 2: Financial Impact - If the company wins both lawsuits and recovers the owed amounts, it is estimated that the company's current period profit could increase by approximately 44 million yuan [3][11]. - The total amount involved in the lawsuits is significant, with the first case at 17.3573 million yuan and the second at 71.5297 million yuan, indicating a substantial potential impact on the company's financials [3][9]. Group 3: Additional Legal Matters - Apart from the major lawsuits, the company has reported seven additional minor unresolved cases with a total amount of 3.2157 million yuan [10].