Core Viewpoint - Hezhang Energy announced that its stock experienced an abnormal fluctuation, with a cumulative closing price increase of 21.75% over two consecutive trading days from September 9 to September 10, 2025 [2]. Summary by Sections - Stock Performance - The stock price of Hezhang Energy showed a cumulative increase of 21.75% over two trading days, indicating significant market activity [2]. - Company Disclosure - The company confirmed that there are no corrections or supplements needed for previously disclosed information [2]. - Hezhang Energy did not identify any recent media reports that could have significantly impacted its stock price with undisclosed major information [2].

辽宁和展能源集团股份有限公司 股票交易异常波动公告 辽宁和展能源集团股份有限公司（以下简称"公司"）股票（证券简称：和 展能源；证券代码：000809）于 2025 年 9 月 9 日-10 日连续 2 个交易日收盘价 格涨幅偏离值累计达到 21.75%，根据《深圳证券交易所股票交易规则》，属于股 票交易异常波动的情况。 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。 证券代码：000809 证券简称：和展能源 公告编号：2025-043 一、股票交易异常波动的情况介绍 二、公司关注并核实的情况 针对公司股票交易异常波动，公司进行了核查，并就有关事项问询了公司控 股股东和实际控制人，现将核查情况说明如下： 1.公司前期披露的信息不存在需要更正、补充之处。 2.公司未发现近期公共传媒报道了可能或已经对本公司股票交易价格产生 较大影响的未公开重大信息。 3.近期公司经营情况及内外部经营环境未发生重大变化。 4.公司及控股股东、实际控制人不存在关于本公司应披露而未披露的重大事 项或处于筹划阶段的重大事项。 5.股票异常波动期间，公司控股股东、实际控制人未买卖公司股票 ...

Market Performance - On September 10, the real estate development sector rose by 0.44% compared to the previous trading day, with Shouke Co. leading the gains [1] - The Shanghai Composite Index closed at 3812.22, up 0.13%, while the Shenzhen Component Index closed at 12557.68, up 0.38% [1] Top Gainers in Real Estate Sector - Shouke Co. (600376) closed at 4.68, with a gain of 10.12% and a trading volume of 1.9874 million shares, amounting to a transaction value of 909 million yuan [1] - Suning Universal (000718) closed at 2.74, up 10.04%, with a trading volume of 1.5715 million shares [1] - Hezhan Energy (000809) closed at 3.64, gaining 9.97%, with a trading volume of 1.3357 million shares [1] - Wolong New Energy (600173) closed at 8.39, up 9.96%, with a trading volume of 1.4224 million shares [1] Other Notable Stocks - ST Rongkong (000668) closed at 9.77, with a gain of 5.05% [1] - ST Zhongdi (000609) closed at 4.82, up 4.56% [1] - Fuxing Co. (000926) closed at 3.32, gaining 3.75% [1] Market Capital Flow - The real estate development sector experienced a net outflow of 1.213 billion yuan from major funds, while retail investors saw a net inflow of 1.149 billion yuan [2] - Speculative funds had a net inflow of 64.198 million yuan [2]

证券日报网讯8月29日晚间，和展能源（000809）发布公告称，截至目前，公司及控股子公司无逾期担 保、涉及诉讼的担保及因被判决败诉而应承担的担保情况。 ...

证券代码：000809 证券简称：和展能源 公告编号：2025-042 辽宁和展能源集团股份有限公司 关于为全资子公司提供担保的进展公告 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。 特别提示： 本次担保为公司对资产负债率超过 70%的全资子公司提供的担保，敬请投资 者关注担保风险。 一、担保情况概述 为满足业务发展需要，辽宁和展能源集团股份有限公司（以下简称"公司"） 二级全资子公司辽宁昌和风电设备有限公司（以下简称"昌和风电"）向上海浦 东发展银行股份有限公司铁岭分行（以下简称"浦发银行"）申请不超过人民币 8,000 万元授信。2025 年 6 月 30 日，公司与浦发银行签署《最高额保证合同》， 公司为昌和风电向浦发银行在 2025 年 6 月 25 日至 2026 年 6 月 24 日期间内办理 各类融资业务以本金余额最高不超过人民币 5,000 万元为限提供连带责任保证 担保，公司对债权发生期间内各单笔借款合同项下分期履行的还款义务承担保证 责任，保证期间为自每笔债权合同债务履行期届满之日起至该单笔合同最后一期 还款期限届满之日后三年。 2025 ...

Core Insights - Hezhang Energy reported an increase in revenue and a reduction in losses for the first half of 2025, with total operating revenue reaching 11.51 million yuan, up 11.92% year-on-year, and a net profit attributable to shareholders of -35.42 million yuan, improving by 33.43% compared to the previous year [1] Financial Performance - Total operating revenue for Q2 2025 was 10.71 million yuan, reflecting a significant year-on-year increase of 43.74% [1] - The net profit attributable to shareholders for Q2 2025 was -20.81 million yuan, an improvement of 18.79% year-on-year [1] - The gross margin was reported at -107.99%, a decrease of 309.52% year-on-year, while the net margin improved to -307.7%, an increase of 49.56% [1] - Total expenses (selling, administrative, and financial) amounted to 18.86 million yuan, representing 163.83% of revenue, a decrease of 71.13% year-on-year [1] Cash Flow and Assets - Cash and cash equivalents increased significantly to 98.5 million yuan, up 804.99% year-on-year [1] - Accounts receivable rose to 61.64 million yuan, a 153.19% increase compared to the previous year [1] - Interest-bearing liabilities decreased to 253 million yuan, down 61.99% year-on-year [1] Shareholder Metrics - The net asset value per share was reported at 3.26 yuan, a slight decrease of 2.91% year-on-year [1] - Earnings per share improved to -0.04 yuan, an increase of 32.81% year-on-year [1] - Operating cash flow per share was reported at 0.01 yuan, a significant increase of 110.32% year-on-year [1] Business Evaluation - The company's historical return on invested capital (ROIC) has been poor, with a median of -0.76% over the past decade and a worst year in 2024 at -2.58% [3] - The company has reported losses in 11 out of 36 annual reports since its listing, indicating a generally unfavorable investment outlook [3] Debt and Cash Flow Analysis - The company has a healthy cash position, but attention is needed on cash flow, as the average operating cash flow over the past three years has been -4.37% relative to current liabilities [3] - Financial expenses have been a concern, with negative net cash flow from operating activities over the past three years [3] - The accounts receivable situation is also critical, given the negative net profit attributable to shareholders [3]

Core Viewpoint - Hezhan Energy is actively transitioning towards renewable energy and related supporting businesses, focusing on clean energy project development, construction, and operation, with mixed tower business as a key development direction [1][2] Group 1: Financial Performance - In the first half of 2025, Hezhan Energy achieved operating revenue of 11.5097 million yuan, representing a year-on-year increase of 11.92% [1] - The net profit attributable to shareholders of the listed company was a loss of 35.4158 million yuan, significantly reducing losses compared to the previous year [1] Group 2: Mixed Tower Business - The mixed tower business faced delays in production and delivery due to project location conditions and buyer model adjustments, resulting in no sales revenue from mixed tower equipment in the first half of the year [1] - A total of 25 mixed tower products were produced in the first half, with expected deliveries starting in the third quarter [1] - The company signed new mixed tower sales orders worth 177 million yuan during the reporting period [1] Group 3: New Energy Development - Hezhan Energy is advancing its new energy development business by optimizing development strategies and focusing on key areas and projects [2] - The company successfully acquired a 50MW centralized wind power project, expected to generate approximately 32 million yuan in annual revenue [2] - The company is also progressing with a 50MW source-grid-load-storage integration project in Henan, planning to start construction in September and achieve power generation by the end of December, with an expected annual sales revenue of about 50 million yuan [2] - Progress has been made on the electric magnesium sand and related source-grid-load-storage integration project in Inner Mongolia [2]

辽宁和展能源集团股份有限公司 对外担保管理办法 对外担保管理办法 第一章 总则 第一条 为了规范辽宁和展能源集团股份有限公司(以下简称"公司")的对 外担保行为，保护投资者的合法权益，有效防范公司对外担保风险，确保公司资 产安全，促进公司健康稳定发展，根据《中华人民共和国公司法》(以下简称"《公 司法》")、《中华人民共和国民法典》《上市公司监管指引第 8 号——上市公司资 金往来、对外担保的监管要求》《深圳证券交易所股票上市规则》(以下简称"《上 市规则》")及其他相关法律、法规、规范性文件及《辽宁和展能源集团股份有限 公司章程》（以下简称"《公司章程》"）的有关规定，特制定本办法。 第五条 公司董事、高级管理人员应审慎对待和严格控制担保产生的债务风 险，对违规或失当的对外担保产生的损失依法承担连带责任。 第六条 公司对外担保应当遵循平等、自愿、公平、诚信、互利的原则。 第二章 对外担保的条件 第七条 公司可以为具有独立法人资格并具有以下条件之一的单位提供担保： （一）因公司业务需要的互保单位； （二）与公司具有重要业务关系的单位； （三）与公司有潜在重要业务关系的单位； （四）公司子公司及其他有控制关系的 ...

辽宁和展能源集团股份有限公司 董事会秘书工作细则 董事会秘书工作细则 第一章 总则 第一条 为促进辽宁和展能源集团股份有限公司（以下简称"公司"）的规 范化运作，充分发挥董事会秘书的作用，加强对董事会秘书工作的指导，现依 据《中华人民共和国公司法》（以下简称"《公司法》"）等法律、行政法规、 部门规章及规范性文件，并结合公司的实际情况，制定《辽宁和展能源集团股 份有限公司董事会秘书工作细则》（以下简称"本工作细则"）。 第二条 董事会秘书应当遵守法律、行政法规及《辽宁和展能源集团股份有 限公司章程》（以下简称"《公司章程》"），对公司负有忠实义务和勤勉义 务。 第三条 本工作细则规定了董事会秘书的工作职责、权限。 第四条 本工作细则适用于董事会秘书岗位，是董事会规范、审查、考核、 评价董事会秘书工作的依据之一。 （一）具有大学专科以上学历，从事财务、管理、法律、经济等领域工作 3 年以上； 1 辽宁和展能源集团股份有限公司 董事会秘书工作细则 第二章 董事会秘书的地位、工作职责及任职资格 第五条 董事会秘书是公司的高级管理人员，承担有关法律、行政法规及 《公司章程》对公司高级管理人员所要求的义务，享有相应的工 ...

董事会议事规则 第一章 总则 辽宁和展能源集团股份有限公司 董事会议事规则 第一条 为健全和规范辽宁和展能源集团股份有限公司（以下简称"公司"） 董事会议事和决策程序，保证公司经营管理工作的顺利进行，根据《中华人民共 和国公司法》（以下简称"《公司法》"）、《中华人民共和国证券法》（以下 简称"《证券法》"）、《深圳证券交易所股票上市规则》以及其他有关法律、 法规、规范文件和《辽宁和展能源集团股份有限公司章程》（以下简称"《公司 章程》"）等有关规定，制定本议事规则。 第二章 董事的资格及任职 第五条 《公司法》第 178 条规定的情形以及被中国证监会采取不得担任上 市公司董事、监事、高级管理人员的证券市场禁入措施，期限尚未届满的人员， 以及被证券交易所公开认定为不适合担任上市公司董事、监事、高级管理人员， 期限尚未届满的人员，不得担任公司的董事；其中独立董事的任职资格另有规定 的，从其规定。 第六条 董事由股东会选举产生，任期三年。任期届满，可以连选连任。董 事在任期届满以前，股东会不得无故解除其职务。 第二条 制定本议事规则的目的是规范公司董事会议事程序，提高董事会工 作效率和科学决策的水平。 公司董事不 ...