金房能源集团股份有限公司 董事会议事规则 二〇二五年十二月 第四条 董事会设立战略与 ESG 委员会、审计委员会、提名委员会、薪 酬与考核委员会四个专门委员会，也可根据需要设立其他专门委员会。 专门委员会成员全部由董事组成，审计委员会、提名委员会、薪酬与考核委 员会中独立董事应占多数并担任召集人，其中审计委员会的成员应当为不在公司 担任高级管理人员的董事，召集人为会计专业人士。 第五条 战略与 ESG 委员会的主要职责是： （一） 对公司长期发展战略规划进行研究并提出建议； | | | 第一章 总 则 第一条 为了进一步规范金房能源集团股份有限公司（以下简称"公司"） 董事会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提高董事 会规范运作和科学决策水平，根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《上市公司章程指引》《深圳证券交易所股票上市规则》等相关法律、 法规、规范性文件以及《金房能源集团股份有限公司章程》（以下简称"公司章 程"）的规定，特制订本议事规则。 第二条 公司依法设立董事会。董事会是公司的经营决策机构，依据《公 司法》等相关法律、法规、规范性文件和公司章程的规定，经营 ...

金房能源集团股份有限公司 对外担保管理制度 金房能源集团股份有限公司 对外担保管理制度 第一章 总 则 第一条 为维护投资者利益，规范金房能源集团股份有限公司（以下简称"公 司"）的对外担保行为，控制公司资产运营风险，确保公司的资产安全，促进公 司健康稳定地发展，根据《中华人民共和国公司法》、《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》等法律、法规和规范性文件及《金房能源集团股份 有限公司章程》（以下简称"《公司章程》"）的相关规定，特制订本制度。 第二条 本制度所称"对外担保"是指公司以第三人身份以自有资产或信誉 为他人提供的保证、资产抵押、质押以及其他担保事宜。具体种类包括但不限于 借款担保、银行开立信用证和银行承兑汇票担保、开具保函的担保等。 第三条 公司为他人提供担保，包括为其控股子公司提供担保适用本制度； 公司为自身债务提供担保不适用本制度。 第四条 上市公司为控股股东、实际控制人及其关联方提供担保的，控股股 东、实际控制人及其关联方应当提供反担保。 第五条 公司控股子公司的对外担保包括控股子公司之间、控股子公司与 ...

证券代码：001210 证券简称：金房能源 公告编号：2025-054 金房能源集团股份有限公司 关于公司取消监事会、修订《公司章程》并制定、修 订及废除公司部分治理制度的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 金房能源集团股份有限公司（以下简称"公司"）于 2025 年 12 月 12 日召开了第四届董事会第十八次会议，审议通过了《关于公司 取消监事会并修订<公司章程>的议案》及《关于公司<制定、修订及 废除公司部分治理制度>的议案》，现将具体情况公告如下： 一、取消监事会情况 根据《中华人民共和国公司法》《关于新〈公司法〉配套制度规 则实施相关过渡期安排》《上市公司章程指引（2025 年修订）》《深圳 证券交易所股票上市规则》等相关法律法规、规范性文件的规定，结 合公司实际情况，公司将不再设置监事会，监事会的职权由董事会审 计委员会行使，《监事会议事规则》相应废止。 在公司股东会审议通过取消监事会事项之前，公司第四届监事会 仍将严格按照有关法律法规和《公司章程》的规定继续履行监督职能， 维护公司和全体股东利益。 二、修订《公司章程》情况 根据 ...

Core Viewpoint - Jin Fang Energy's stock price has shown a significant increase of 50.99% year-to-date, indicating strong market performance despite a recent decline of 2.06% in intraday trading [1] Financial Performance - For the period from January to September 2025, Jin Fang Energy reported a revenue of 691 million yuan, representing a year-on-year growth of 9.69% [2] - The net profit attributable to the parent company for the same period was 89.80 million yuan, reflecting a substantial increase of 42.65% year-on-year [2] Shareholder Information - As of September 30, the number of shareholders for Jin Fang Energy was 11,600, which is a decrease of 7.05% compared to the previous period [2] - The average number of circulating shares per shareholder increased by 7.58% to 8,246 shares [2] Dividend Distribution - Since its A-share listing, Jin Fang Energy has distributed a total of 163 million yuan in dividends, with 113 million yuan distributed over the past three years [3] Company Overview - Jin Fang Energy, established on November 8, 1992, is located in Haidian District, Beijing, and was listed on July 29, 2021 [1] - The company's main business includes heating operation services, energy-saving renovation services, and the research, production, and sales of energy-saving products [1] - The revenue composition is primarily from traditional energy heating operations (91.09%), followed by new energy heating operations (5.22%), and other services [1] Market Position - Jin Fang Energy is classified under the public utility sector, specifically in electricity and heating services, and is associated with concepts such as green buildings and energy conservation [1]

Core Viewpoint - The heating industry is significantly influenced by policy changes, with market-oriented pricing reforms expected to be key to improving profitability [1] Group 1: Industry Overview - The heating industry in China has seen a steady increase in centralized heating area from 2010 to 2023, with a compound annual growth rate of 7.8%, where residential area accounts for 76% [1] - Coal-fired heating accounts for over 70% of the heating methods, primarily using hot water as the heating medium, which is suitable for urban residents and public buildings, making up nearly 85% [1] - The historical context of heating price reform in China spans over two decades, with a significant policy document issued in April 2025 aimed at deepening urban heating price reforms and accelerating heating metering modifications [1] Group 2: Profitability Factors - There is a significant disparity in profitability among residential heating companies, influenced by both pricing and cost control [2] - In terms of pricing, Beijing has the highest unit heating price in the country, benefiting companies like Jinfang Energy and Jingneng Thermal Power, while some cities have not adjusted heating prices for over a decade, putting pressure on profitability due to rising fuel costs [2] - Fuel costs constitute approximately 60% of total heating costs, making fuel cost control crucial for profitability; for instance, Lianmei Holdings achieved a gross margin of 24% by utilizing low-value lignite and optimizing coal transportation and storage [2] Group 3: Cash Flow Analysis - The business model of residential heating companies typically involves pre-collection of heating fees, leading to strong free cash flow; four out of five selected heating companies have contract liabilities accounting for about 40% of total revenue, indicating positive free cash flow and net profit cash content exceeding 100% [3]

Core Points - Beijing has announced the heating service hotline for the 2025-2026 heating season, starting trial operations on November 6, with boiler rooms being ignited across the city [1] Group 1: Heating Service Hotlines - The heating management departments and service hotlines for various districts in Beijing have been provided, with most districts using the hotline number 96069 [2][3] - Specific contact numbers for heating management in districts such as Chaoyang, Haidian, and Tongzhou have been listed, including emergency repair numbers for certain companies [2][3] - Major heating companies and their service hotlines have also been included, ensuring residents have access to necessary support during the heating season [3]

Core Points - Beijing has initiated trial operations of its heating system in response to the rain and snow forecasted from November 6 to 7, ensuring readiness for the heating season [1] - Heating units are required to enhance inspections and adjustments of heating facilities during the trial period to address any leaks and balance issues [1] - A service channel for heating repairs has been established, with personnel on standby to address citizen inquiries and issues promptly [1] Heating Service Contacts - Various district heating management departments have dedicated service numbers, such as Dongcheng, Xicheng, and Chaoyang districts, all using 96069 [2][3] - Specific companies like Beijing Hifang Heating Co., Ltd. and Beijing Jingneng Heating Co., Ltd. also have their own service numbers for public inquiries and emergencies [3][4] Monitoring and Adjustments - The Beijing Municipal Commission of Urban Management will collaborate with relevant departments to monitor weather conditions and determine the official start date for standard heating services based on meteorological assessments [5]

Core Viewpoint - The company is proactively preparing for potential cold weather to ensure stable and efficient operation of its heating system, thereby safeguarding public welfare [1] Group 1 - The company is closely monitoring weather reports and relevant policies [1] - The company has made advance preparations to ensure the heating system can operate effectively [1]

Investment Rating - The report maintains a "Positive" investment rating for the heating industry, consistent with previous assessments [2]. Core Insights - The heating industry is undergoing continuous reform, with a focus on market-oriented pricing and improved cost control, leading to enhanced profitability for well-managed companies [3][4]. - The report highlights significant disparities in profitability among residential heating companies, influenced by pricing policies and cost management strategies [3][4]. - The cash flow situation for heating companies is generally strong due to pre-collection of heating fees, which contributes to positive free cash flow [3][4]. Summary by Sections 1. Residential Heating: A Typical Public Utility Industry - The area of centralized heating in China has steadily increased, with a compound annual growth rate (CAGR) of 7.8% from 2010 to 2023, where residential heating accounts for 76% of the total area [3][4]. - Coal remains the dominant source of heating, constituting over 70% of the supply, primarily through coal-fired combined heat and power (CHP) systems [3][4]. - The government has been actively reforming heating pricing mechanisms, with recent policies aimed at enhancing market-driven pricing and accelerating metering reforms [3][4]. 2. Profitability Disparities Among Residential Heating Companies - Profitability varies significantly among heating companies, with factors such as pricing and cost control playing crucial roles [3][4]. - The report notes that fuel costs account for approximately 60% of total heating costs, making effective fuel cost management essential for profitability [3][4]. - Companies like Lianmei Holdings have demonstrated strong cost control, achieving a gross margin of 24% in 2024, while others like Huitian Thermal Power have faced losses [3][4]. 3. Related Investment Targets - Lianmei Holdings is highlighted for its high level of management efficiency and consistent gross margins above 20%, with a significant portion of its assets in cash [3][4]. - Jingneng Thermal Power benefits from its backing by the Beijing State-owned Assets Supervision and Administration Commission, with a gross margin between 15% and 20% [3][4]. - Jin Fang Energy, operating in Beijing, maintains stable profitability in its core heating business, while Hatou Holdings is expected to improve profitability alongside pricing reforms [3][4].

Core Insights - Jin Fang Energy reported a revenue of 691,064,409.81 yuan for the first three quarters of 2025, representing a year-on-year growth of 9.69% [2] - The net profit attributable to shareholders of the listed company reached 89,803,180.46 yuan, showing a significant year-on-year increase of 42.65% [2] Financial Performance - Revenue for the first three quarters of 2025: 691.06 million yuan, up 9.69% year-on-year [2] - Net profit for the same period: 89.80 million yuan, up 42.65% year-on-year [2]