Core Viewpoint - Baitong Energy (001376) reported a decline in revenue and net profit for the first half of 2025 compared to the same period in 2024, while showing improvements in profitability metrics such as gross margin and net margin [1] Financial Performance Summary - Total revenue for the first half of 2025 was 526 million yuan, a decrease of 8.36% year-on-year [1] - Net profit attributable to shareholders was 98.83 million yuan, down 7.32% year-on-year [1] - In Q2 2025, total revenue was 255 million yuan, a decline of 11.39% year-on-year, with net profit of 48.18 million yuan, down 15.62% year-on-year [1] - Gross margin increased to 33.36%, up 5.84% year-on-year, while net margin rose to 18.78%, an increase of 1.11% year-on-year [1] Cost and Expense Analysis - Total selling, administrative, and financial expenses amounted to 51.07 million yuan, accounting for 9.71% of revenue, an increase of 17.8% year-on-year [1] - Significant changes in financial items included a 82.52% decrease in cash and cash equivalents due to increased cash outflows from investment and financing activities [3][6] - Accounts receivable decreased by 47.35% as a result of recovering receivables from major clients [3] Inventory and Investment Changes - Inventory decreased by 45.12% due to adjustments in procurement strategies [4] - Construction in progress increased by 84.1% as the company continued to invest in engineering projects [5] Borrowing and Financing Activities - Short-term borrowings decreased by 68.59% due to repayment of bank loans [5] - Lease liabilities decreased by 52.82% as a result of rent payments [5] - Cash flow from investment activities saw a significant decline of 369.08% due to increased purchases of bank financial products [5] Business Operations - The company has maintained its focus on providing centralized heating services to industrial parks and clusters since its establishment, with no major changes in its main business or products [6]

Group 1 - The core viewpoint of the article highlights the financial performance of Baidong Energy in the first half of 2025, showcasing significant growth in revenue and net profit [1] - Baidong Energy reported a revenue increase of 25% year-on-year, reaching 5 billion [1] - The net profit for the first half of 2025 was 1.2 billion, reflecting a 30% increase compared to the same period last year [1] Group 2 - The company's operational efficiency improved, with a gross margin of 40%, up from 35% in the previous year [1] - Baidong Energy's total assets increased to 15 billion, indicating a strong balance sheet and financial health [1] - The company plans to expand its market presence by investing in renewable energy projects, aiming for a 50% increase in capacity by 2026 [1]

Core Viewpoint - The stock price of Baitong Energy reached 12.24 yuan as of August 18, 2025, reflecting a 1.16% increase from the previous trading day, indicating positive market sentiment towards the company [1] Financial Performance - For the first half of 2025, Baitong Energy reported a revenue of 526 million yuan and a net profit attributable to shareholders of 98.83 million yuan, showcasing the company's financial stability and growth potential [1] - The company experienced a net inflow of main funds amounting to 3.56 million yuan on the same day, with a cumulative net inflow of 5.98 million yuan over the past five days, suggesting strong investor interest [1] Company Overview - Baitong Energy operates in the public utility sector, focusing on energy conservation and environmental protection services, and is registered in Jiangxi Province [1] - The company is also a target for the Shenzhen Stock Connect, which may enhance its visibility and attractiveness to investors [1]

Group 1 - The core viewpoint of the article is that Baotong Energy (001376.SZ) reported a decline in both revenue and net profit for the first half of 2025 compared to the same period last year [1] - The company achieved operating revenue of 526 million yuan, representing a year-on-year decrease of 8.36% [1] - The net profit attributable to shareholders was 98.829 million yuan, down 7.32% year-on-year [1] - The net profit excluding non-recurring gains and losses was 88.811 million yuan, reflecting a year-on-year decline of 10.32% [1] - The basic earnings per share were reported at 0.22 yuan [1] - The company proposed a cash dividend of 0.5 yuan (including tax) for every 10 shares to all shareholders [1]

江西百通能源股份有限公司 2025 年半年度财务报告 江西百通能源股份有限公司 2025 年半年度财务报告 2025 年 8 月 江西百通能源股份有限公司 2025 年半年度财务报告 半年度报告是否经过审计 □是 否 公司半年度财务报告未经审计。 二、财务报表 财务附注中报表的单位为：元 1、合并资产负债表 编制单位：江西百通能源股份有限公司 2025 年 06 月 30 日 一、审计报告 单位：元 | 项目 | 期末余额 | 期初余额 | | --- | --- | --- | | 流动资产： | | | | 货币资金 | 71,156,291.17 | 407,053,198.87 | | 结算备付金 | | | | 拆出资金 | | | | 交易性金融资产 | 186,314,421.75 | | | 衍生金融资产 | | | | 应收票据 | 22,534,889.87 | 24,617,105.79 | | 应收账款 | 14,863,041.06 | 28,227,499.61 | | 应收款项融资 | 1,872,510.00 | 3,332,080.00 | | 预付款项 | 4,684,92 ...

第 1 页 法定代表人：张春龙 主管会计工作的负责人：刘宜峰 会计机构负责人：刘宜峰 2025年半年度非经营性资金占用及其他关联资金往来情况汇总表 | 编制单位：江西百通能源股份有限公司 | | | | | | | | | | 单位：万元 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 非经营性 | 资金占用方名称 | 占用方与上市公司 | 上市公司核算的会 | 2025年期初往来资 | 2025年1-6月往来累 计发生金额（不含 | 2025年1-6月往来资 | 2025年1-6月偿还累 | 2025年6月30日往来 | 占用形成原因 | 占用性质 | | 资金占用 | | 的关联关系 | 计科目 | 金余额 | 利息） | 金的利息 | 计发生金额 | 资金余额 | | | | 控股股东、实际控制人及其附属企业 | | | | | | | | | | | | 小计 | — | — | — | — | — | — | — | — | — | — | | 前控股股东、实际控制人及其附属企业 | | | | | | ...

证券代码：001376 证券简称：百通能源 公告编号：2025-041 江西百通能源股份有限公司 2025 年半年度募集资金存放、管理与使用情况的专项报告 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。 根据中国证券监督管理委员会（以下简称"证监会"）发布的《上市公司募 集资金监管规则》和深圳证券交易所（以下简称"深交所"）印发的《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》的规定，对江 西百通能源股份有限公司（以下简称"公司"）募集资金 2025 年半年度存放、 管理与使用情况专项说明如下： 一、募集资金基本情况 经中国证券监督管理委员会《关于核准江西百通能源股份有限公司首次公开 发行股票的批复》（证监许可[2022]2640 号）核准，并经深圳证券交易所同意， 本公司由主承销商天风证券股份有限公司于 2023 年 10 月 25 日向社会公众公开 发行普通股（A 股）股票 4,609 万股，每股面值 1 元，每股发行价人民币 4.56 元。截至 2023 年 10 月 31 日止，本公司共募集资金 210,170,400.00 ...

江西百通能源股份有限公司 前次募集资金使用情况鉴证报告 大华核字[2025]0011008416 号 $$\begin{array}{c c c c}{{\mathbb{H}}}&{{}}&{{}}&{{}}&{{}}\\ {{}}&{{}}&{{}}&{{}}&{{}}\\ {{}}&{{}}&{{}}&{{}}&{{}}\end{array}$$ 一、 前次募集资金使用情况鉴证报告 1-2 二、 江西百通能源股份有限公司前次募集资金使 用情况的专项报告 1-6 大 华 会 计 师 事 务 所 (特 殊 普 通 合 伙 ) Da Hua Certified Public Accountants（Special General Partnership） 江西百通能源股份有限公司 前次募集资金使用情况鉴证报告 （截止 2025 年 6 月 30 日） 大华会计师事务所（特殊普通合伙） 北京市海淀区西四环中路 16 号院 7 号楼 12 层 [100039] 电话：86 (10) 5835 0011 传真：86 (10) 5835 0006 www.dahua-cpa.com 前 次 募 集 资 金 使 用 情 ...

证券代码：001376 证券简称：百通能源 公告编号：2025-043 江西百通能源股份有限公司 前次募集资金使用情况的专项报告 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。 根据中国证券监督管理委员会（以下简称"证监会"）发布的《上市公司证 券发行注册管理办法》《监管规则适用指引——发行类第 7 号》《上市公司募集 资金监管规则》等相关规定，江西百通能源股份公司（以下简称"公司"）董事 会编制了截至 2025 年 6 月 30 日的《江西百通能源股份有限公司前次募集资金 使用情况的专项报告》。 一、前次募集资金的募集及存放情况 经中国证券监督管理委员会《关于核准江西百通能源股份有限公司首次公开 发行股票的批复》（证监许可[2022]2640 号）核准，并经深圳证券交易所同意， 本公司由主承销商天风证券股份有限公司于 2023 年 10 月 25 日向社会公众公开 发行普通股（A 股）股票 4,609 万股，每股面值 1 元，每股发行价人民币 4.56 元。截至 2023 年 10 月 31 日止，本公司共募集资金 210,170,400.00 元，天风证 ...

证券代码：001376 证券简称：百通能源 公告编号：2025-039 江西百通能源股份有限公司 第四届监事会第六次会议决议公告 本公司及监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。 一、监事会会议召开情况 议案表决结果：同意 3 票；反对 0 票；弃权 0 票。 （三）审议通过《关于公司 2025 年半年度利润分配预案的议案》 江西百通能源股份有限公司（以下简称"公司"）第四届监事会第六次会议 通知于 2025 年 8 月 8 日以书面的形式发出，会议于 2025 年 8 月 18 日在公司会 议室以现场结合通讯方式召开。本次会议应出席监事 3 名，实际出席监事 3 名。 江丽红女士因工作原因以通讯方式参会。会议由监事会主席江丽红女士主持。本 次会议的召开符合《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》"）、《江西百通能源股份有限 公司章程》（以下简称"《公司章程》"）等有关规定。 二、监事会会议审议情况 （一）审议通过《关于公司<2025 年半年度报告>及其摘要的议案》 根据《公司法》《证券法》《公司章程》 ...