现场检查报告 华泰联合证券有限责任公司 关于江西百通能源股份有限公司 2025 年现场检查报告 根据中国证券监督管理委员会《证券发行上市保荐业务管理办法》和《深圳 证券交易所上市公司自律监管指引第 13 号——保荐业务》等有关法律法规的要 求，华泰联合证券有限责任公司作为江西百通能源股份有限公司（以下简称"百 通能源"或"公司"）持续督导的保荐机构，于 2026 年 3 月 12 日至 3 月 23 日对百 通能源 2025 年有关情况进行了现场检查，报告如下： | 保荐人名称：华泰联合证券有限责任公司 被保荐公司简称：百通能源 | | | | --- | --- | --- | | 保荐代表人姓名：许焕天 联系电话：010-56839300 | | | | 保荐代表人姓名：孙大地 联系电话：010-56839300 | | | | 现场检查人员姓名：许焕天 | | | | 现场检查对应期间：2025 年 1 月-2025 年 12 月 | | | | 现场检查时间：2026 年 月 日至 日 3 12 3 23 | | 月 | | 一、现场检查事项 现场检查意见 | | | | （一）公司治理 是 不适用 ...

证券代码：001376 证券简称：百通能源 公告编号：2026-008 江西百通能源股份有限公司 关于公司为子公司提供对外担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 江西百通能源股份有限公司（以下简称"公司"）分别于 2025 年 11 月 24 日、2025 年 12 月 10 日召开第四届董事会第十次会议及 2025 年第四次临时 股东大会，审议通过《关于 2026 年度向银行等金融机构申请综合授信额度及 相关担保的议案》，2026 年度公司及子公司拟向银行等金融机构申请总额不 超过 220,000 万元的综合授信额度，公司实际控制人张春龙及其配偶李国华夫 妇将视具体情况及需求为上述综合授信额度提供无偿担保。董事会同意公司为 子公司提供总计不超过人民币 50,000 万元的新增担保额度，其中向资产负债 率为 70%以上的子公司提供担保额度不超过 10,000 万元，向资产负债率为 70% 以下的子公司提供担保额度不超过 40,000 万元，相关担保事项以正式签署的 担保协议为准。上述授信及担保业务额度有效期自股东大会审议通过之日起 12 ...

Group 1 - The core viewpoint of the article is that Baotong Energy (001376) is committed to ensuring fair access to information for all investors by disclosing the number of shareholders at the end of the reporting period in its regular reports [1] Group 2 - The company responded to investor inquiries on its interactive platform regarding shareholder information disclosure [1] - The disclosure is in accordance with relevant regulations to maintain transparency [1]

Group 1 - The core viewpoint of the news is that Baotong Energy has seen a significant increase in its stock price, rising by 5.12% to 21.13 CNY per share, with a trading volume of 295 million CNY and a turnover rate of 6.75%, resulting in a total market capitalization of 9.739 billion CNY [1] - Baotong Energy, established on May 13, 2010, is located in Beijing and was listed on November 3, 2023. The company's main business involves centralized heating in industrial parks, supplying steam and hot water [1] - The revenue composition of Baotong Energy is primarily from steam (89.46%), followed by electricity (10.12%) and other sources (0.42%) [1] Group 2 - From the perspective of major fund holdings, one fund under China Europe Fund has a significant position in Baotong Energy. The fund, China Europe Quantitative Power Mixed A (015006), held 168,500 shares in the fourth quarter, accounting for 2.58% of the fund's net value, making it the tenth largest holding [2] - The China Europe Quantitative Power Mixed A fund has a total scale of 59.6566 million CNY and has achieved a return of 12.2% this year, ranking 1760 out of 8891 in its category. Over the past year, it has returned 36.27%, ranking 2483 out of 8137 [2] - The fund manager, Qu Jing, has a tenure of 10 years and 289 days, with the fund's total assets amounting to 3.658 billion CNY. The best return during Qu Jing's tenure is 231.04%, while the worst return is -24.21% [2]

Company Developments - The company is advancing a targeted issuance of shares, with the fundraising cap reduced to 273 million yuan, fully subscribed by the controlling shareholder, which will be used to supplement working capital and repay loans [1][2] - The company’s main business is combined heat and power (CHP) generation, with ongoing projects including the second and third phases of the Siyang Baitong CHP project, which are supported by national energy-saving and emission reduction policies, indicating significant future growth potential [3] Financial Performance - The latest financial data is for the third quarter of 2025, with the annual report expected to be disclosed between March and April 2026, which will highlight annual performance, gross margin changes, and cash flow status [4] - The first quarter report of 2025 indicated a revenue decline of 5.32% year-on-year, while net profit increased by 2.25% [4] Industry Policy and Environment - The CHP industry is expected to benefit long-term from the "dual carbon" policy direction, but there are concerns regarding volatility in the public utility sector and differentiation in funding conditions [5] - On December 11, 2025, the stock price hit the upper limit with net inflow of main funds, but the sector faced pressure afterward, indicating the need to monitor technical indicators and volume coordination [5]

Group 1 - The A-share market saw a general decline in power stocks, with notable drops in several companies [1] - Fengsheng Holdings experienced an 8% decrease, while Jinkong Power fell by 6% [1] - Tuori New Energy declined by 5%, and both Jiantou Energy and South Network Energy dropped over 4% [1] - Other companies such as Jinkai New Energy, Datang Power, Gan Energy, and Baitong Energy saw declines exceeding 3% [1]

Meeting Overview - The first extraordinary general meeting of Jiangxi Baitong Energy Co., Ltd. was held on February 12, 2026, at 13:30 [2] - The meeting combined on-site voting and online voting [4] - The meeting was convened by the company's board of directors and presided over by Chairman Zhang Chunlong [5] Attendance - A total of 174 shareholders and representatives attended the meeting, representing 231,748,987 shares with voting rights, accounting for 50.2818% of the total voting shares [6] - Among them, 6 attended the on-site meeting, representing 227,678,787 shares (49.3987%), while 168 participated via online voting, representing 4,070,200 shares (0.8831%) [6] - 170 minority shareholders participated, representing 4,075,300 shares (0.8842%) [7] Proposal Review and Voting Results - The meeting approved the proposal regarding the signing of an investment intention agreement and the establishment of a wholly-owned overseas company [8] - Voting results showed that 231,739,487 shares (99.9959%) were in favor, 5,900 shares (0.0025%) opposed, and 3,600 shares (0.0016%) abstained [8] Legal Opinion - The legal opinion from Beijing Donghuan Law Firm confirmed that the meeting's convening and procedures complied with relevant laws and regulations [8]

Group 1 - The company's stock price has recently experienced a pullback due to profit-taking after significant prior gains, uncertainty surrounding overseas investment projects, and a mismatch between favorable industry policies and the company's short-term fundamentals [1][2] - The company plans to invest in overseas electrolytic aluminum projects, but the announcement indicates that the project requires approval from domestic and foreign regulatory bodies, facing risks related to politics, market conditions, and financing [3] - Recent government policies aim to establish electricity market construction goals, but the direct impact on cogeneration enterprises will take time to materialize, and the company's short-term performance pressure may weaken the support from policy benefits for the stock price [4] Group 2 - Technically, the stock price has recently corrected, with indicators showing a short-term overbought condition, and the price has retreated after approaching the upper Bollinger Band, indicating technical adjustment pressure [5] - The overall sentiment in the market remains cautious, with limited gains in the electricity sector during the same period [5]

证券代码：001376 证券简称：百通能源 公告编号：2026-007 江西百通能源股份有限公司 2026 年第一次临时股东会决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 特别提示： 1、本次股东会没有出现否决提案的情况。 2、本次股东会未涉及变更以往股东会已通过的决议的情况。 （一）会议召开情况 1、现场会议时间：2026 年 2 月 12 日（星期四）13:30； 2、网络投票时间：2026 年 2 月 12 日；其中通过深圳证券交易所交易系统 进行网络投票的具体时间为：2026 年 2 月 12 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：2026 年 2 月 12 日 9:15-15:00 期间任意时间。 3、会议召开地点：北京市西城区白广路四号院钢设总院六层 A 区公司会议 室。 4、会议召开方式：现场表决与网络投票相结合的方式。 5、会议召集人：公司董事会 6、会议主持人：董事长张春龙 7、会议召开的合法、合规性：本次股东会会议的召开符合有关法律、行 一、会议 ...

北京东环律师事务所股东会法律意见书 北京东环律师事务所 关于江西百通能源股份有限公司 2026 年第一次临时股东会的法律意见书 致：江西百通能源股份有限公司 北京东环律师事务所（以下简称"东环"）依法接受江西百通能源 股份有限公司（以下简称"公司"）委托，指派本所李莉、王赛律师（以 下简称"东环律师"）列席公司 2025 年第四次临时股东会（以下简称"本 次股东会"或"会议"），履行见证义务，并根据《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》"）、《上市公司股东会规则》（以下简称"《股东会规则》"）等法律、 行政法规、其他规范性文件及《江西百通能源股份有限公司章程》（以 下简称"《公司章程》"）的相关规定，出具本法律意见书。 为出具本法律意见书，本所及经办律师依据《公司法》、《证券法》、 《律师事务所从事证券法律业务管理办法》和《律师事务所证券法律业 务执业规则（试行）》等规定，审查了公司提供的有关本次股东会的文 件资料，并对本次股东会的召集与召开程序、召集人和出席人员的资格、 表决程序及表决结果等重要事项的合法性予以现场核查，严格履行了法 定职责，遵 ...