Core Points - Wanqing Energy announced the convening of its fifth employee representative meeting on September 10, 2025, where representatives elected Mr. Ma Zhe as the employee representative director for the sixth board of directors [2] Summary by Category - **Company Announcement** - Wanqing Energy held a meeting to elect a new employee representative director [2] - Mr. Ma Zhe was elected as the employee representative director for the sixth board [2] - **Event Details** - The meeting took place on September 10, 2025 [2] - It was the fifth employee representative meeting of the current term [2]

新疆万憬能源股份有限公司 关于选举产生第六届职工代表董事的公告 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。 证券代码：002700 证券简称：万憬能源 公告编号：2025-046 1 证券代码：002700 证券简称：万憬能源 公告编号：2025-046 简 历 马哲先生，汉族，出生于 1990 年 2 月，籍贯陕西，本科学历，中共预备党 员，无境外永久居留权。2007 年 10 月至今在本公司工作，2007 年 10 月至 2015 年 5 月期间从事公司片区管理员、加气员、加气站站长、安全监察专员等工作； 2015 年 6 月至 2016 年 2 月任巴楚分公司副经理；2016 年 2 月至 2020 年 10 月任 巴楚分公司经理；2018 年 10 月至 2022 年 10 月兼任新疆龟兹浩源天然气管道输 配有限公司副经理；2020 年 10 月至 2022 年 9 月任公司客户服务部副部长（主 持工作）；2022 年 10 月至 2023 年 4 月任甘肃浩源天然气有限责任公司董事、 总经理；2023 年 5 月至 2025 年 3 月任公司安环 ...

Core Viewpoint - Wanqing Energy reported a revenue increase of 3.86% year-on-year for the first half of 2025, but net profit decreased by 27.37%, indicating challenges in profitability despite revenue growth [3][4]. Financial Performance - Revenue for the reporting period reached CNY 3.36 billion, compared to CNY 3.23 billion in the same period last year [3]. - Net profit attributable to shareholders was CNY 375.55 million, down from CNY 517.09 million, reflecting a decline of 27.37% [3]. - Deducting non-recurring gains and losses, net profit was CNY 313.84 million, a decrease of 32.90% year-on-year [3]. - Basic and diluted earnings per share were both CNY 0.0908, down 27.36% from CNY 0.1250 [3]. - The weighted average return on equity fell to 2.80%, down from 6.41%, a decline of 3.61 percentage points [3]. Segment Performance - Natural gas business generated CNY 2.88 billion, a slight increase of 0.11% year-on-year [4]. - Home installation services achieved revenue of CNY 354.65 million, up 12.39% [4]. - Other businesses saw significant growth, with revenue reaching CNY 12.87 million, an increase of 178.39% [4]. Regional Performance - In the Aksu region of Xinjiang, revenue was CNY 291.22 million, representing 86.69% of total revenue, with a 2.80% increase year-on-year [2]. - The Kizilsu region contributed CNY 5.47 million, a 56.02% increase [2]. - The Kashgar region generated CNY 345.02 million, up 13.60% [2]. - The Dayu region experienced a decline of 24.43%, with revenue of CNY 4.75 million [2]. Operational Efficiency - The net profit margin decreased by 4.58 percentage points to 11.11%, while the gross profit margin fell by 6.26 percentage points to 19.89% [4]. - Inventory turnover days improved to 17.95 days, a decrease of 3.27 days year-on-year, indicating better inventory management [4]. - The net cash flow from operating activities was CNY 0.15 billion, a slight increase of 0.01% [4]. - The debt-to-asset ratio decreased to 11.34%, down 11.07 percentage points, indicating reduced financial pressure [4]. Strategic Initiatives - The company plans to enhance gas pipeline construction in its franchise areas and develop a "smart interconnected" pipeline system to improve distribution capacity [4]. - Upgrades to existing facilities and equipment will be prioritized to eliminate safety hazards and enhance digital management capabilities [4]. - The company aims to accelerate the construction of new comprehensive stations and expand market coverage to foster new profit growth points [4]. - Efforts will be made to increase the development of commercial users and expedite home installation processes to tap into potential market demand [4].

Core Viewpoint - Wanqing Energy (002700) reported an increase in revenue but a significant decline in profit for the first half of 2025, indicating potential challenges in profitability despite revenue growth [1]. Financial Performance Summary - Total operating revenue reached 336 million yuan, a year-on-year increase of 3.86% [1]. - Net profit attributable to shareholders was 37.56 million yuan, down 27.37% year-on-year [1]. - In Q2 2025, operating revenue was 148 million yuan, a decrease of 0.86% year-on-year, with net profit of 21.34 million yuan, down 37.21% year-on-year [1]. Key Financial Ratios - Gross margin was 19.89%, a decrease of 23.94% year-on-year [1]. - Net margin was 11.11%, down 29.21% year-on-year [1]. - Total selling, administrative, and financial expenses amounted to 29.02 million yuan, accounting for 8.64% of revenue, an increase of 22.79% year-on-year [1]. Asset and Liability Changes - Cash and cash equivalents decreased by 58.76% to 204 million yuan, attributed to investments in financial products [1][2]. - Accounts receivable decreased by 25.08% to 37.40 million yuan [1]. - Interest-bearing liabilities increased by 64.84% to 372,600 yuan [1]. Earnings Per Share and Cash Flow - Earnings per share were 0.09 yuan, down 27.36% year-on-year [1]. - Operating cash flow per share was 0.04 yuan, an increase of 9.38% year-on-year [1]. Investment and Return Metrics - The company's return on invested capital (ROIC) was 7.85%, indicating average capital returns [2]. - Historical data shows a median ROIC of 7.13% over the past decade, with a notably poor performance in 2021, where ROIC was -31% [3].

Core Viewpoint - Wanqing Energy reported a revenue of 335,941,429.63 yuan for the first half of 2025, reflecting a year-on-year growth of 3.86% [2] Company Summary - The company achieved a revenue of approximately 335.94 million yuan in the first half of 2025 [2] - The year-on-year growth rate of 3.86% indicates a positive trend in the company's financial performance [2]

Group 1 - The core point of the article is that Wanqing Energy announced the approval of its 2025 semi-annual report and summary by the company's fifth board of directors during its 28th meeting [2] Group 2 - The announcement includes multiple resolutions that were reviewed and approved during the board meeting [2]

Core Viewpoint - Wanqing Energy reported a mixed performance in its semi-annual earnings, with revenue growth but a significant decline in net profit [2] Financial Performance - The company achieved an operating revenue of approximately 336 million yuan for the first half of 2025, representing a year-on-year increase of 3.86% [2] - The net profit attributable to shareholders was around 37.56 million yuan, showing a year-on-year decrease of 27.37% [2] - Basic earnings per share were 0.0908 yuan, which is a decline of 27.36% compared to the previous year [2]

Core Viewpoint - Wanqing Energy reported a decline in net profit for the first half of 2025, indicating potential challenges in profitability despite a slight increase in revenue [1] Financial Performance - The company achieved a net profit attributable to shareholders of approximately 37.56 million yuan, a year-on-year decrease of 27.37% [1] - Wanqing Energy's operating revenue for the first half of 2025 was approximately 336 million yuan, reflecting a year-on-year growth of 3.86% [1] Market Position - As of August 20, 2025, Wanqing Energy's stock price closed at 7.56 yuan per share, with a total market capitalization of 3.127 billion yuan [1]

Group 1 - The company Wanqing Energy (SZ 002700) announced the convening of its fifth board meeting on August 19, 2025, to review the 2025 semi-annual report and summary [1] - For the first half of 2025, Wanqing Energy's revenue composition is entirely from the urban gas industry, accounting for 100.0% [1] - The current market capitalization of Wanqing Energy is 3.1 billion yuan [2]

证劵代码：002700 证劵简称：万憬能源 公告编号：2025-041 新疆万憬能源股份有限公司 第五届董事会第二十八次会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚 假记载、误导性陈述或重大遗漏。 表决结果：4 票赞成，0 票反对，0 票弃权。议案获得通过。 《公司 2025 年半年度报告全文》详见巨潮资讯网（www.cninfo.com.cn）。《公 司 2025 年半年度报告摘要》（公告编号：2025-042）详见《上海证券报》《证券 时报》和巨潮资讯网（www.cninfo.com.cn）。 2．审议《公司董事、高级管理人员薪酬管理制度》 表决结果：4 票赞成，0 票反对，0 票弃权。议案获得通过。 一、董事会会议召开情况 新疆万憬能源股份有限公司（以下简称"公司"）第五届董事会第二十八次 会议于 2025 年 8 月 19 日 11:00 时在新疆阿克苏地区阿克苏市兰干街道海江社区 英阿瓦提路 2 号商业楼 B 座 D22 会议室，以现场和通讯表决的方式召开。应参会 董事 5 人，实际参会董事 4 人，董事李猛龙先生因无法取得联系未参加本次董事 会。本次会议的召集、召 ...