证券代码：000862 证券简称：银星能源 公告编号：2024-049 宁夏银星能源股份有限公司 九届九次董事会决议公告 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 宁夏银星能源股份有限公司（以下简称公司）于 2024 年 10 月 16 日以电子邮件的方式向全体董事发出召开九届九次董事会 会议的通知。本次会议于 2024 年 10 月 25 日以现场表决的方式 召开。本次会议应出席董事 9 人，实际出席董事 9 人。会议由董 事长韩靖先生主持，公司监事会 3 名监事和高级管理人员列席了 会议。本次会议的通知、召开、表决程序符合有关法律、行政法 规、部门规章、规范性文件和公司章程的规定。 该议案已经公司审计委员会审议通过。 具体内容详见公司于 2024 年 10 月 29 日在《证券时报》《证 券 日 报 》《 中 国 证 券 报 》《 上 海 证 券 报 》 及 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的《宁夏银星能源股份有限 1 公司 2024 年第三季度报告》。 二、董事会会议审议情况 会议 ...

一、关联交易概述 1.基本情况 证券代码：000862 证券简称：银星能源 公告编号：2024-051 宁夏银星能源股份有限公司 关于与关联方签订《分布式光伏项目能源管理协议》 暨关联交易的公告 本公司及董事会全体成员保证信息披露内容的真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 宁夏银星能源股份有限公司（以下简称公司或银星能源）于 2024 年 10 月 25 日召开九届九次董事会会议、九届九次监事会 会议，审议通过了《关于与关联方签订〈分布式光伏项目能源管 理协议〉暨关联交易的议案》，本议案尚需提交公司股东大会审 议批准，现将具体情况公告如下： 银星能源负责分布式光伏项目的设计、投资、建设、运行和 维护，项目资本金 40%，其余银行借款解决，项目的税后财务内 为进一步拓展公司新能源项目和提升业绩，推动绿色生产力 与有色产业协同融合发展，公司拟投资人民币 38,086 万元在公 司实际控制人中国铝业集团有限公司旗下 11 家子公司（以下简 称关联方）的屋顶及闲置空地上建设 138.748MWp 的分布式光伏 发电项目，并与关联方分别签订《分布式光伏发电项目能源管理 协议》。 1 部收益率不低于6 ...

Investment Rating - The report maintains a "Buy" rating for the company [6]. Core Views - The company's performance in the first half of 2024 met expectations, with a revenue of 624 million yuan, a year-on-year decline of 14.3%, and a net profit attributable to shareholders of 131 million yuan, down 15.58% year-on-year. However, the net profit after deducting non-recurring items increased by 9.62% year-on-year [5]. - The decline in performance was primarily due to adverse wind conditions, while the second quarter showed positive growth in net profit after deducting non-recurring items, mainly due to the impact of an acquisition project [5]. - The company has a total installed capacity of 1.9168 million kilowatts, with wind power accounting for 1.6068 million kilowatts and solar power 310,000 kilowatts, with no new installations in the first half of the year [5]. - The company is positioned to benefit from the "large replaces small" initiative, which is expected to drive performance growth as older projects are continuously upgraded [5]. Summary by Sections Financial Performance - In the first half of 2024, the company achieved a revenue of 624 million yuan, a decrease of 14.3% year-on-year, and a net profit of 131 million yuan, down 15.58% year-on-year. The net profit after deducting non-recurring items was 116 million yuan, an increase of 9.62% year-on-year [5]. - The average on-grid electricity price for the first half of the year was 0.5400 yuan per kilowatt-hour, an increase from the 2023 annual price of 0.5144 yuan per kilowatt-hour [5]. Installed Capacity and Projects - As of June 30, 2024, the company had a total installed capacity of 1.9168 million kilowatts, with wind power at 1.6068 million kilowatts and solar power at 310,000 kilowatts. There were no new installations in the first half of the year [5]. - The company has completed the upgrade of old wind turbines at the Helanshan Wind Farm, contributing over 29 million yuan in profit [5]. Future Outlook - The company is expected to see performance improvement as it continues to implement the "large replaces small" strategy, which accounts for approximately 70% of its existing wind power capacity [5]. - The company is the only green electricity listed platform under the Aluminum Corporation of China and is expected to benefit from the group's green low-carbon strategy, with ongoing projects in distributed solar power [5]. - Profit forecasts for the company are set at 251 million yuan, 312 million yuan, and 388 million yuan for 2024-2026, with corresponding PE ratios of 16, 13, and 10 times [6].

本公司及董事会全体成员保证信息披露内容的真实、准确 和完整，没有虚假记载、误导性陈述或者重大遗漏。 宁夏银星能源股份有限公司（以下简称公司）子公司宁夏 银星能源光伏发电设备制造有限公司近日收到宁夏回族自治区 银川市中级人民法院《民事裁定书》（2022）宁 01 破 22 号之 三，现将有关情况公告如下： 一、基本情况 2022 年 8 月 19 日，公司召开八届十二次董事会审议通过了 《关于子公司申请破产清算的议案》，同意宁夏银星能源光伏 发电设备制造有限公司作为债务人向当地法院申请破产清算。 具体内容详见公司于 2022 年 8 月 23 日在《证券时报》《证券日 报 》 《 中 国 证 券 报 》 《 上 海 证 券 报 》 及 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的《宁夏银星能源股份有 限公司关于子公司破产清算的提示性公告》（公告编号： 2022-059）。 2022 年 12 月 7 日，公司收到宁夏回族自治区银川市中级人 民法院《民事裁定书》（2022）宁 01破申29号，裁定受理宁夏 1 银星能源光伏发电设备制造有限公司破产清算申请。具体内容 详见公司于 2 ...

证券代码：000862 证券简称：银星能源 公告编号：2024-040 宁夏银星能源股份有限公司 九届八次董事会决议公告 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 （一）审议通过《公司 2024 年半年度报告全文及摘要》。 会议审议并表决，通过以下议案： （二）审议通过《关于中铝财务有限责任公司风险评估报 告的议案》。 表决结果：9 票同意、0 票反对、0 票弃权。 该议案已经公司审计委员会审议通过。 具体内容详见公司于 2024 年 8 月 27 日在《证券时报》《证 券日报》《中国证券报》《上海证券报》 及巨潮资讯网 （http://www.cninfo.com.cn）披露的《宁夏银星能源股份有限 宁夏银星能源股份有限公司（以下简称公司）于 2024 年 8 月 12 日以电子邮件的方式向全体董事发出召开九届八次董事会 会议的通知。本次会议于 2024 年 8 月 23 日以现场表决的方式召 开。本次会议应出席董事 9 人，实际出席董事 9 人。会议由董事 长韩靖先生主持，公司监事会 3 名监事和高级管理人员列席了会 议。本次 ...

关 于 中 铝 财 务 有 限 责 任 公 司 2024 年 6 月 30 日 风 险 评 估 报 告 天职业字[2024]46240 号 风险评估报告 --- -1 风险评估说明 --------- -2 目 录 关于中铝财务有限责任公司2024年6月30日 风险评估报告 天职业字[2024]46240号 宁夏银星能源股份有限公司: 我们接受委托,审核了中铝财务有限责任公司（以下简称"中铝财务公司"）管理层截至2024年6 月30日与财务报表相关的风险管理设计的合理性与执行的有效性作出的评价与认定。建立健全并合理设 计风险管理并保持其有效性,风险管理政策与程序的真实性和完整性是中铝财务公司管理当局的责任。 我们的责任是对中铝财务公司与会计报表有关的风险管理执行情况发表意见。 我们在审核过程中,实施了包括了解、测试和评价中铝财务公司与会计报表编制有关的风险管理设 计的合理性和执行情况,以及我们认为必要的其他程序。我们相信,我们的审核为发表意见提供了合理 的基础。 风险管理具有固有限制,存在由于错误或舞弊而导致错报发生和未被发现的可能性。此外,由于情 况的变化可能导致风险管理变得不恰当,或降低对控制、风险管理政 ...

证券代码：000862 证券简称：银星能源 公告编号：2024-043 宁夏银星能源股份有限公司关于 二、募集资金投资项目情况及使用情况 （一）募集资金置换预先投入募投项目的情况 使用部分闲置募集资金暂时补充流动资金的公告 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。 宁夏银星能源股份有限公司（以下简称公司）于2024年8月 23日召开九届八次董事会会议、九届八次监事会会议，审议通 过《关于使用部分闲置募集资金暂时补充流动资金的议案》， 同意公司使用不超过人民币2.5亿元的闲置募集资金暂时补充流 动资金，使用期限自董事会审议通过之日起不超过12个月，在 决议有效期内上述额度可以滚动使用。该事项无需提交股东大 会审议。现将具体情况公告如下： 一、募集资金基本情况 2023 年 7 月 25 日，公司收到中国证券监督管理委员会出具 的《关于同意宁夏银星能源股份有限公司向特定对象发行股票 注册的批复》（证监许可〔2023〕1584 号），同意公司向特定 对象发行股票的注册申请。公司向特定对象发行人民币普通股 （A 股）211,835,699 股，每股面值为 1.0 ...

中信证券股份有限公司 关于宁夏银星能源股份有限公司 增加 2024 年度日常关联交易的核查意见 中信证券股份有限公司（以下简称"中信证券"或"保荐人"）作为宁夏银 星能源股份有限公司（以下简称"银星能源"或"公司"）2023 年度向特定对象 发行股票的保荐人，根据《证券发行上市保荐业务管理办法》《深圳证券交易所 股票上市规则》（2023 年修订）、《深圳证券交易所上市公司自律监管指引第 13 号 —保荐业务》《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》等有关规定，对银星能源增加 2024 年度日常关联交易进行了审慎核查， 核查的具体情况如下： 法定代表人：于华 注册资本：200000万元人民币 经营范围：许可项目：危险化学品经营；成品油批发（限危险化学品）；成 品油零售（限危险化学品）。（依法须经批准的项目，经相关部门批准后方可开展 经营活动，具体经营项目以相关部门批准文件或许可证件为准）。一般项目：技 1 术进出口；货物进出口；进出口代理；技术开发、技术咨询、技术交流、技术转 让、技术推广、技术服务；成品油批发（不含危险化学品）；有色金属合金销售； 高性能有色金属及合金材料销售； ...

Financial Performance - The company's operating revenue for the first half of 2024 was approximately ¥623.80 million, a decrease of 14.30% compared to ¥727.88 million in the same period last year[11]. - The net profit attributable to shareholders of the listed company was approximately ¥130.65 million, down 15.57% from ¥154.76 million year-on-year[11]. - The basic earnings per share decreased by 35.08% to ¥0.1423 from ¥0.2192 in the previous year[11]. - Total revenue for the first half of 2024 was CNY 623,804,781.97, a decrease of 14.30% compared to CNY 727,877,484.26 in the same period last year[20]. - Operating revenue decreased by 14.30% to CNY 623,804,781.97 compared to the same period last year, primarily due to a decline in power generation utilization hours and lower electricity prices[19]. - The company's gross profit margin for the renewable energy generation sector was 37.33%, a decrease of 4.39% compared to the previous year[21]. - Net profit for the first half of 2024 was CNY 135,594,318.65, a decline of 15.0% compared to CNY 159,386,028.73 in the first half of 2023[83]. - The company reported a total profit of CNY 154,294,789.34, down 15.1% from CNY 181,717,091.86 in the first half of 2023[83]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥9.38 billion, a decrease of 1.68% from ¥9.54 billion at the end of the previous year[11]. - The total liabilities decreased from ¥5,303,381,292.68 to ¥5,003,385,430.87, a reduction of approximately 5.66%[78]. - Long-term borrowings decreased by 13.16% to CNY 1,854,265,000.00, primarily due to increased repayments of project loans[23]. - The company's total liabilities decreased to CNY 3,850,534,570.51 from CNY 4,066,059,847.10 year-on-year, reflecting a reduction of 5.3%[82]. - Total equity increased from ¥4,232,707,494.93 to ¥4,372,560,917.99, an increase of about 3.30%[78]. Cash Flow - The net cash flow from operating activities was approximately ¥116.41 million, an increase of 9.62% compared to ¥106.19 million in the same period last year, but a decrease of 35.86% from ¥306.13 million[11]. - Cash flow from operating activities decreased to CNY 196.36 million in the first half of 2024, down 35.9% from CNY 306.13 million in the same period of 2023[86]. - The company reported a net cash outflow from investing activities of CNY 192.69 million, a significant reduction from CNY 848.48 million in the first half of 2023, indicating a decrease in capital expenditures[87]. - The net cash flow from financing activities showed a net outflow of CNY 204.16 million in the first half of 2024, compared to a net inflow of CNY 367.69 million in the same period of 2023[87]. Investments and Projects - Research and development investment increased by 90.23% to CNY 2,867,333.50, reflecting a significant rise in R&D expenditures[19]. - The company plans to initiate construction on the Changshantou and Tianshan projects in the second half of the year, focusing on upgrading technology[16]. - The company is undertaking several projects, including a 250 MW photovoltaic project and multiple wind power upgrades, with total investments of CNY 162,009,448.41 in the reporting period[25]. - The company aims to leverage the platform advantages of its controlling shareholder, Chalco Group, to develop distributed photovoltaic projects[18]. Shareholder Information - The annual shareholders' meeting had a participation rate of 51.13%, indicating strong investor engagement[41]. - The company plans not to distribute cash dividends or issue bonus shares for the half-year period, focusing on capital retention[43]. - The largest shareholder, Chalco Ningxia Energy Group Co., Ltd., holds 41.23% of the shares, totaling 378,490,961 shares[68]. - The company has a total of RMB 55 million of idle raised funds allocated for cash management in low-risk deposit products[32]. Risk Factors - The average on-grid electricity price for new energy generation is declining, which poses a risk to the company's profits; measures include participating in electricity trading to mitigate this risk[37]. - The company faces risks related to fluctuating market orders in the equipment manufacturing sector, with strategies in place to enhance competitiveness and secure long-term partnerships[38]. - The company has high interest-bearing liabilities due to delays in subsidy payments, leading to liquidity risks; it is actively pursuing diverse financing methods to alleviate this pressure[39]. Compliance and Governance - The company emphasizes that forward-looking statements in the report do not constitute substantive commitments to investors, highlighting investment risks[2]. - The company received a green card designation from the Ningxia Environmental Protection Department for its compliance with environmental regulations in 2023[44]. - The company is actively involved in social responsibility initiatives, including educational support and community development projects[45]. - The company is committed to maintaining compliance with securities laws and regulations regarding stock trading and financial support[48]. Accounting Policies - The company's financial statements comply with the accounting standards and accurately reflect its financial position as of June 30, 2024[105]. - The company recognizes expected credit losses based on the probability-weighted present value of cash flow differences for financial assets measured at amortized cost and fair value through other comprehensive income[114]. - The company confirms revenue from service contracts based on the progress of completed services, with revenue recognized as a percentage of costs incurred relative to total estimated costs[142]. - The company has a policy to not recognize right-of-use assets and lease liabilities for short-term leases and low-value asset leases, expensing rental payments on a straight-line basis[146].