Financial Performance - The total operating revenue for the first half of 2025 reached RMB 15.34 billion, representing an increase of 8.59% compared to RMB 14.12 billion in the same period last year [2] - Operating profit was RMB 541.61 million, showing a slight increase of 0.14% from RMB 540.84 million year-on-year [2] - The total profit amounted to RMB 541.04 million, up by 0.39% from RMB 538.91 million in the previous year [2] - The net profit attributable to shareholders after deducting non-recurring gains and losses was RMB 307.98 million, reflecting a growth of 12.18% from RMB 274.54 million [2] - Basic earnings per share decreased by 9.09% to RMB 0.20 from RMB 0.22 [2] - The weighted average return on net assets decreased by 1.25 percentage points [2] Financial Position - Total assets at the end of the reporting period were RMB 19.92 billion, an increase of 3.13% from RMB 19.31 billion at the beginning of the period [2] - The equity attributable to shareholders was RMB 1.30 billion, with a slight decrease of 0.04% from RMB 1.30 billion at the beginning of the period [2] - The net cash flow from operating activities was RMB 685 million, a significant increase of 601.92% year-on-year [3] Strategic Direction - The company is focusing on a strategic development direction of "Energy + Technology + Supply Chain," while deepening its urban natural gas business [3] - The company is actively promoting energy businesses such as petrochemical products, hydrogen energy, thermal energy, photovoltaics, and energy storage, aiming to provide more diverse energy options for users [3]

Group 1 - Prit's announcement to establish a subsidiary in Nansha, Guangzhou, with a total investment of 1 billion yuan and an expected annual production capacity of 400,000 tons [1] - The number of A-share companies mentioning Nansha in their 2024 annual reports has increased to 216, with over 10 billion yuan of funds flowing into the area [1][2] - The "Nansha Plan" aims to develop Nansha into a strategic platform for cooperation among the Guangdong-Hong Kong-Macao Greater Bay Area, attracting significant investments from various sectors [1] Group 2 - Guangzhou Port's fixed asset scale increased from 193.65 billion yuan in 2022 to 290.67 billion yuan in 2024, with a total increase of 9.7 billion yuan [2] - In 2022, Guangzhou Port raised 4 billion yuan through stock issuance and recorded a cash inflow of 13.022 billion yuan, both reaching a ten-year high [2] - The international general terminal project at Nansha Port is set to enhance the logistics system, with an investment of 7.472 billion yuan and a designed annual throughput capacity of 15.5 million tons of general cargo [3] Group 3 - COSCO Shipping's subsidiary in Nansha has invested 600 million yuan, with total assets of 2.377 billion yuan and a net profit of 327 million yuan in 2024 [4] - The logistics sector in Nansha is supported by the establishment of a wholly-owned subsidiary by COSCO Shipping, focusing on international shipping and logistics [3][4] Group 4 - Fuan Energy has increased its stake in Nansha Storage to 70% and invested in a comprehensive energy petrochemical storage base with a capacity of 918,300 cubic meters [6] - The petrochemical park in Xiaohu Island is recognized as a specialized chemical park, with a planned area of 9.7 square kilometers [7] - The food and agricultural products import-export center project by Agricultural Products Co. is set to establish a hub in Nansha, covering an area of 200,000 square meters [8] Group 5 - Watson Bio has established a production base in Nansha with a focus on mRNA technology and set up a 1.2 billion yuan investment fund [9] - The company has seen its operating profits decrease from 84 million yuan in 2022 to 38 million yuan in 2024, benefiting from a preferential tax rate starting in 2024 [9] - Tianrunxin has established a subsidiary in Nansha, aiming to develop a security technology industry hub in the Greater Bay Area [10][11]

证券代码：002911 证券简称：佛燃能源 公告编号：2025-058 佛燃能源集团股份有限公司 2025 年半年度业绩快报 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 特别提示：本公告所载 2025 年半年度的财务数据仅为初步核算数据，已经 公司内部审计部门审计，未经会计师事务所审计，与半年度报告中披露的最终数 据可能存在差异，请投资者注意投资风险。 一、2025年半年度主要财务数据和指标 单位：人民币元 | 项目 | 本报告期 | 上年同期 | 增减变动幅度 | | --- | --- | --- | --- | | 营业总收入 | 15,337,872,765.09 | 14,124,367,671.37 | 8.59% | | 营业利润 | 541,608,445.44 | 540,837,953.33 | 0.14% | | 利润总额 | 541,036,462.91 | 538,909,681.87 | 0.39% | | 归属于上市公司股东 的净利润 | 309,283,657.41 | 288,709,785.16 | 7.13% | | 扣除 ...

Core Viewpoint - The financial performance of Fuan Energy (002911) shows a positive growth trend in the first half of 2025, with both revenue and net profit increasing compared to the previous year [1] Financial Performance - The operating revenue for the first half of 2025 reached 15.338 billion yuan, representing a year-on-year growth of 8.59% [1] - The net profit attributable to shareholders of the listed company was 309 million yuan, reflecting a year-on-year increase of 7.13% [1]

Group 1 - Hong Kong and China Gas Company Limited (the Company) announced the establishment of a joint venture, VENEX Holding Company Limited, with Fuan Energy Group, each holding 50% [1] - The Company has injected its green methanol plant, Inner Mongolia Yigao Coal Chemical Technology Co., Ltd., into VENEX to expand green methanol production and promote energy transition [1] - The Company has extensive experience in green methanol investment and operations, having obtained EU ISCC EU and ISCC PLUS international certifications for three consecutive years since 2022, making it the first in the country to achieve these certifications at scale [1][6] Group 2 - The joint venture aims to establish investment platforms for green methanol production bases across various regions, including Inner Mongolia, the Guangdong-Hong Kong-Macao Greater Bay Area, and Hainan, targeting an annual production capacity of 1 million tons [1] - The Company is actively expanding its cooperation in the global shipping industry, having signed a memorandum of understanding with the Transport and Logistics Bureau to support Hong Kong's development as a green marine fuel refueling and trading center [2] - The Company has also signed agreements with multiple local and overseas shipping, trading, and refueling partners to bolster the green marine fuel trade market in Hong Kong, reinforcing its position as an international shipping hub [2]

证券代码：002911 证券简称：佛燃能源 公告编号：2025-056 佛燃能源集团股份有限公司 关于向子公司及参股公司增资暨关联交易 的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或重大遗漏。 弗立科思公司与臻和绿源投资有限公司（以下简称"臻和绿源公司"）、VENEX 公司签署《增资协议》；VENEX公司与易高煤化科技（内蒙古）有限公司（以下简 称"香港易高"）、易高甲醇合成利用有限公司（以下简称"易高甲醇"）、宜 安（内蒙古）控股有限公司（以下简称"宜安公司"）、易高环保能源投资有限 公司（以下简称"易高环保"）、内蒙古易高煤化科技有限公司签署《股权转让 协议》；公司收到香港中华煤气有限公司（以下简称"中华煤气"）及臻和绿源 公司签署生效的《关于内蒙古易高煤化科技有限公司之股权转让有关事项的承诺 函》，《增资协议》《股权转让协议》及《承诺函》主要内容如下： （一）增资协议主要内容 1、合同签订主体 甲方：臻和绿源投资有限公司 乙方：弗立科思绿色能源有限公司 丙方：VENEX Holding Company Limited（目标公司） 2、增资内容 一、交易概述 ...

证券代码：002911 证券简称：佛燃能源 公告编号：2025-057 佛燃能源集团股份有限公司 关于完成设立广东臻为绿源投资有限公司 暨关联交易的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、交易概述 佛燃能源集团股份有限公司（以下简称"公司"）与香港中华煤气有限公司 （以下简称"香港中华煤气"）于2024年11月25日签订了《合作框架协议》，双 方有意共同合作，分阶段投入资金设立绿色燃料及化工投资平台，并由该平台投 资设立附属公司由附属公司通过收购及自建的方式从事中国境内绿色燃料及化 工项目的投资开发及生产经营。具体详见公司于2024年11月25日刊登于《中国证 券报》《证券时报》《证券日报》《上海证券报》和巨潮资讯网（www.cninfo.com.cn） 上的《关于与关联方签署<合作框架协议>的公告》（公告编号：2024-068）。 2025年6月13日、2025年6月30日，公司召开的第六届董事会第二十次会议、 2025年第三次临时股东大会审议通过了《关于子公司增资及向参股公司增资用于 收购内蒙古易高煤化科技有限公司100%股权暨关联交易的 ...

关于佛燃能源集团股份有限公司 2025 年第三次临时股东大会的法律意见 致：佛燃能源集团股份有限公司 北京市君合（广州）律师事务所（以下简称"本所"）接受佛燃能源集团股份有限 公司（以下简称"公司"）的委托，指派本所经办律师出席了公司于 2025 年 6 月 30 日 在广东省佛山市禅城区南海大道中 18 号 16 楼会议室召开的 2025 年第三次临时股东大 会（以下简称"本次股东大会"）的现场会议。现根据《中华人民共和国公司法》《中华 人民共和国证券法》《上市公司股东会规则》等中国（为本法律意见之目的，"中国"不 包括香港特别行政区、澳门特别行政区及台湾地区）现行法律、法规和规范性文件（以 下简称"法律、法规"）以及《佛燃能源集团股份有限公司章程》（以下简称"公司章程"）、 《佛燃能源集团股份有限公司股东大会议事规则》（以下简称"公司股东大会议事规则"） 的有关规定，就本次股东大会有关事宜出具本法律意见。 本所经办律师依据本法律意见出具日以前已经发生的事实并基于本所经办律师对有 关事实的了解和对法律、法规的理解发表法律意见。本所经办律师仅就本次股东大会的 召集和召开程序、出席会议人员的资格、本次股东大会的 ...

证券代码：002911 证券简称：佛燃能源 公告编号：2025-055 载、误导性陈述或重大遗漏。 佛燃能源集团股份有限公司 2025 年第三次临时股东大会决议公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 2.本次股东大会不涉及变更以往股东大会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况 1.会议召开时间 现场会议召开时间：2025 年 6 月 30 日（星期一）下午 3:30； 网络投票时间：通过深圳证券交易所交易系统进行投票的时间为 2025 年 6 月 30 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 票系统投票的时间为 2025 年 6 月 30 日 9:15-15:00。 特别提示： 1.本次股东大会未出现否决议案的情形； 2.现场会议召开地点：广东省佛山市禅城区南海大道中 18 号公司 16 楼会议 室。 3.会议召开方式：本次股东大会采取现场投票与网络投票相结合的方式。 4.会议召集人：公司董事会。 5.会议主持人：董事长尹祥先生。 6.本次会议的召集、召开与表决程序符合《公司法》《上市公司股东会规则》 ...

Investment Rating - The report maintains an "Overweight" rating for the gas industry [1] Core Insights - The easing of Middle East tensions has led to a decline in European gas prices, while high temperatures have driven up US gas prices, with domestic prices remaining stable [4][9] - The supply-demand dynamics indicate a slight increase in US gas supply and demand, with total supply rising by 0.2% week-on-week to 1,125 billion cubic feet per day, and total demand increasing by 6.3% to 1,047 billion cubic feet per day [16][24] - The report highlights the ongoing price adjustments in the domestic market, with a gradual implementation of pricing reforms across various cities [40] Price Tracking - As of June 27, 2025, US HH gas prices increased by 4.1% week-on-week, while European TTF prices decreased by 17.8% [9][14] - The domestic LNG ex-factory price was reported at 4,416 CNY per ton, with a slight week-on-week increase of 0.2% [14][29] Supply and Demand Analysis - The report notes that the average total supply of natural gas in the US has increased by 4.0% year-on-year, while total demand has grown by 1.6% year-on-year [16][24] - European gas consumption for the first quarter of 2025 was 160 billion cubic meters, reflecting an 8.9% year-on-year increase [19] Pricing Mechanism Progress - The report indicates that 64% of cities have implemented residential pricing adjustments, with an average increase of 0.21 CNY per cubic meter [40] Important Events - The US gas import tariff has been reduced from 140% to 25%, enhancing the economic viability of US gas imports [47][49] - The European Parliament has agreed to provide greater flexibility regarding gas storage targets, allowing for a deviation of 10% from the 90% storage goal [52] Investment Recommendations - The report recommends focusing on companies that can optimize costs and benefit from pricing reforms, highlighting New Energy, China Gas, and Kunlun Energy as key investment opportunities [53][54] - It also suggests monitoring companies with quality long-term contracts and flexible scheduling capabilities, such as Jiufeng Energy and New Energy [54]