Core Viewpoint - The company, Southern Power Grid Energy (003035.SZ), anticipates a significant increase in net profit for the first three quarters of 2025, projecting a year-on-year growth of 125.08% to reach 342 million yuan [1] Financial Performance - The expected net profit attributable to shareholders is 342 million yuan, reflecting a year-on-year increase of 125.08% [1] - The net profit after deducting non-recurring gains and losses is projected to be 344 million yuan, with a year-on-year growth of 134.96% [1] - The company's operating revenue is expected to increase by 15.37% year-on-year [1] Key Drivers of Growth - The main business continues to perform well, contributing to a stable and improving foundation for the company [1] - A significant reduction in credit impairment losses is noted, primarily due to the previous year's recognition of substantial impairment losses related to biomass project subsidy receivables [1] - The comprehensive management of low-efficiency biomass assets has shown notable results, including the bankruptcy management of Yangshan South Power Company, which is no longer included in the company's consolidated financial statements, leading to a substantial decrease in income tax expenses [1]

Group 1 - The company, Nanwang Energy, expects a net profit attributable to shareholders of 342.36 million yuan for the first three quarters of 2025, representing a year-on-year increase of 125.08% compared to 152.10 million yuan in the same period last year [1] - The increase in net profit is attributed to several factors: continuous growth in the main business with a 15.37% increase in operating revenue, a significant reduction in credit impairment losses, and effective governance of low-efficiency biomass assets [1] - For the first half of 2025, the company's operating revenue composition is as follows: energy-saving services account for 85.27%, comprehensive resource utilization accounts for 14.7%, and others account for 0.03% [1] Group 2 - As of the report date, Nanwang Energy has a market capitalization of 18.5 billion yuan [2]

Core Viewpoint - Nanfang Energy (003035) expects a significant increase in net profit attributable to shareholders for the first three quarters of 2025, projecting a rise of 125.08% year-on-year to 342 million yuan [1] Summary by Relevant Categories Financial Performance - The company anticipates a net profit of 342 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 125.08% [1] - Operating revenue is expected to increase by 15.37% compared to the previous year [1] Business Operations - The main business of the company continues to perform well, showing stability and progress [1] - There has been a significant reduction in credit impairment losses, primarily due to the recognition of large impairment losses on receivables from biomass project subsidies in the same period last year [1] Asset Management - The comprehensive management of low-efficiency biomass assets has yielded notable results, with Yangshan Nandian Company being designated a bankruptcy administrator by the court, thus no longer included in the company's consolidated financial statements [1] - The reduction in income tax expenses has also contributed to the improved financial outlook [1]

Core Viewpoint - The company, Nanfang Energy, expects a significant increase in net profit for the first three quarters of 2023, driven by strong core business performance and reduced credit impairment losses [1] Financial Performance - The net profit attributable to shareholders is projected to be 342.36 million yuan, representing a year-on-year growth of 125.08% [1] - The net profit after deducting non-recurring gains and losses is expected to be 343.61 million yuan, reflecting a year-on-year increase of 134.96% [1] - Operating revenue is anticipated to rise by 15.37% compared to the previous year [1] Key Drivers of Growth - The main reasons for the profit increase include: - Continued strong performance in the company's core business [1] - A significant reduction in credit impairment losses, as the previous year saw large impairment losses related to biomass project subsidy receivables [1] - Effective management of low-efficiency biomass assets, with the bankruptcy management of Yangshan South Electric Company leading to its exclusion from the consolidated financial statements [1] - A substantial decrease in income tax expenses year-on-year [1]

Core Viewpoint - The company, Southern Power Grid Energy, announced an expected net profit attributable to shareholders of 342 million yuan for the first three quarters, representing a year-on-year increase of 125.08% [1] Financial Performance - The projected net profit for the first three quarters is 342 million yuan [1] - This reflects a significant year-on-year growth of 125.08% [1]

[2025 Q1-Q3 Performance Forecast](index=1&type=section&id=2025%20Q1-Q3%20Performance%20Forecast) Southern Power Grid Comprehensive Energy Co., Ltd. anticipates significant net profit growth for 2025 Q1-Q3, attributed to core business expansion, reduced credit impairment, and effective biomass asset restructuring [I. Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts significant positive net profit growth for 2025 Q1-Q3, detailing expected net profit attributable to shareholders and non-recurring net profit - The performance forecast period is from January 1, 2025, to September 30, 2025[3](index=3&type=chunk) - The estimated net profit is positive and shows an upward trend year-on-year[3](index=3&type=chunk) Key Financial Data for 2025 Q1-Q3 Performance Forecast | Item | Current Period (million CNY) | Prior Period (million CNY) | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 342.36 | 152.10 | 125.08% | | Net Profit Excluding Non-recurring Items | 343.61 | 146.25 | 134.96% | | Basic Earnings Per Share (CNY/share) | 0.0904 | 0.0402 | - | [II. Communication with Accounting Firms](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firms) This performance forecast has not been pre-communicated with or pre-audited by any accounting firm or certified public accountant - This performance forecast has not been pre-communicated with accounting firms[5](index=5&type=chunk) - This performance forecast has not been pre-audited by a certified public accountant[5](index=5&type=chunk) [III. Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The significant net profit growth in 2025 Q1-Q3 is primarily due to increased operating revenue, reduced credit impairment losses, and effective biomass asset restructuring - The company's main business continued to strengthen, leading to a **15.37% year-on-year increase in operating revenue**[6](index=6&type=chunk) - Credit impairment losses significantly decreased year-on-year, mainly due to the recognition of substantial impairment losses on biomass project subsidy receivables in the prior year[6](index=6&type=chunk) - Comprehensive governance of inefficient biomass assets yielded significant results, with Yangshan Nandian Company no longer consolidated due to court-appointed bankruptcy administration, leading to a substantial year-on-year decrease in income tax expenses[6](index=6&type=chunk) [IV. Risk Warning](index=1&type=section&id=IV.%20Risk%20Warning) Investors are cautioned that this preliminary performance forecast is unaudited, and final financial data will be subject to the 2025 Q3 report - This profitability forecast is a preliminary estimate by the company's financial department[7](index=7&type=chunk) - This performance forecast has not been audited by an accounting firm[7](index=7&type=chunk) - Detailed financial data and related changes will be presented in the company's 2025 Q3 report; investors should be aware of investment risks[8](index=8&type=chunk) [Special Announcement](index=2&type=section&id=Special%20Announcement) This announcement was issued by the Board of Directors of Southern Power Grid Comprehensive Energy Co., Ltd. on October 17, 2025 - The announcement was issued by the Board of Directors of Southern Power Grid Comprehensive Energy Co., Ltd[9](index=9&type=chunk) - The announcement date is October 17, 2025[9](index=9&type=chunk)

Core Insights - The article discusses the launch of a comprehensive zero-carbon solution by Southern Power Grid Comprehensive Energy Co., Ltd. (referred to as "Southern Energy") aimed at supporting various parks in achieving a replicable zero-carbon path from planning to operation and carbon asset development [2][3] - Southern Energy emphasizes its commitment to national green transformation and energy structure optimization, with a strategic focus on "lean investment and high-end services" to enhance its diversified business layout [2] - The zero-carbon product system includes six series of 40 products, addressing the urgent demand for carbon constraint and covering the entire chain from planning to carbon services [2][3] Product and Service Offerings - Southern Energy launched five core products centered around "calculate carbon - reduce carbon - manage carbon - facilitate carbon - carbon+" that encompass all aspects of energy integration and efficiency improvement [3] - The company has implemented over 1,550 energy-saving and carbon reduction projects, resulting in an annual carbon reduction of 2.64 million tons, showcasing its extensive experience and understanding of user needs [3] - The solutions have been validated by benchmark projects such as the Southern Power Grid production research base and Guangzhou Shipyard International Park, demonstrating adaptability to various scenarios [3] Collaboration and Future Plans - Southern Energy collaborates with partners in energy technology and architectural design to enhance its offerings, indicating a commitment to ecological cooperation [3] - The launch event, which combined offline and online participation, attracted nearly 200 attendees on-site and over 12,000 online viewers, highlighting the interest in zero-carbon initiatives [3]

Core Viewpoint - The company South Grid Energy aims to provide a comprehensive zero-carbon solution for various parks, focusing on planning, construction, operation, and carbon asset development, aligning with China's dual carbon goals [1][2] Group 1: Company Strategy and Offerings - South Grid Energy has developed a one-stop solution for zero-carbon parks, emphasizing a modular and standardized approach to its diverse business layout, which includes investment, services, and products [1] - The company has created a product system consisting of 6 series and 40 products, covering the entire process of zero-carbon implementation, focusing on five key areas: carbon calculation, reduction, management, ease of transition, and carbon enhancement [2] - The company has implemented over 1,550 energy-saving and carbon reduction projects, achieving an annual carbon reduction capacity of 2.64 million tons [2] Group 2: Industry Context and Collaboration - The current national policy is shifting from top-level design to practical implementation, with a focus on energy structure transformation, full-chain carbon reduction in key areas, and commercialization of technological innovations [1] - South Grid Energy is expanding its cooperation boundaries by offering various collaboration models such as BOT, BOO, EMC, and BT, and is forming localized service networks through its regional companies [3] - Successful case studies, such as the near-zero carbon demonstration at the State-owned Enterprise Headquarters and the zero-carbon factory by GAC Aion, showcase the adaptability and scalability of the company's solutions across different industries [3] Group 3: Future Directions - The company plans to optimize its product system and deepen cross-industry collaboration, aiming to make zero-carbon parks a necessity rather than an option, contributing to the green transition [4]

Core Viewpoint - The Southern Power Grid Comprehensive Energy Co., Ltd. (referred to as "Southern Energy Company") launched a one-stop overall solution for zero-carbon parks, aiming to provide a replicable path for various parks from planning, construction, operation to carbon asset development, in line with China's "dual carbon" goals [2][3]. Group 1: Zero-Carbon Parks as a Key Pathway - The current push for green transformation in China is driven by the "dual carbon" goals, with a focus on systemic energy structure reshaping, full-chain carbon reduction in key areas, and commercialization of technological innovations [3]. - Southern Energy Company emphasizes the urgency for enterprises to seek sustainable zero-carbon development pathways, extending its services from energy-saving to a full-chain approach including planning, design, construction, operation, and carbon services [3]. Group 2: Commercial Model for Zero-Carbon Parks - Southern Energy Company has developed a product system covering the entire process of zero-carbon implementation, showcasing five core products at the launch event [4]. - The core products include planning and design with BIM integration, multi-energy collaborative smart energy systems, deep energy-saving solutions, a comprehensive energy-carbon digital management platform, and integrated smart operation services [5]. Group 3: Successful Case Studies - The solutions have been validated through several benchmark projects, including the near-zero carbon demonstration at the Southern Power Grid headquarters and the energy efficiency benchmark in the shipbuilding industry [6]. - The successful cases demonstrate the adaptability and scalability of the solutions across various sectors, including office, industrial, and manufacturing [6]. Group 4: Collaborative Partnerships - Southern Energy Company collaborates with partners in energy technology, building design, new energy, storage, and digital solutions to advance zero-carbon park construction [7]. - The partnership with Huawei Cloud aims to combine expertise in energy management and digital platforms to create smarter and more efficient zero-carbon park solutions [7]. Group 5: Event Participation - The launch event attracted nearly 200 participants from government departments, power companies, industry associations, financial institutions, key clients, and media, with over 12,000 online views [8].

Core Viewpoint - The release of the "Zero Carbon Park Product Launch Conference" by Southern Power Grid Comprehensive Energy Co., Ltd. marks a significant step towards achieving China's "dual carbon" goals, providing a comprehensive solution for zero carbon parks from planning to operation and carbon asset development [1][2] Group 1: Zero Carbon Parks as a Key Pathway - The current push for green transformation in China is driven by the "dual carbon" goals, focusing on systemic energy structure reshaping, full-chain carbon reduction in key areas, and commercialization of technological innovations [2] - Companies are at a crossroads of "carbon constraints," seeking sustainable zero carbon development paths, with zero carbon parks being a crucial strategic pivot for Southern Power Grid [2] Group 2: Business Model for Zero Carbon Parks - Southern Power Grid has developed a product system covering the entire process of zero carbon implementation, showcasing five core products including planning design, multi-energy collaborative systems, deep energy-saving solutions, digital management platforms, and integrated operational services [3] - The company has implemented over 1,550 energy-saving and carbon reduction projects, achieving an annual carbon reduction capacity of 2.64 million tons, demonstrating its extensive market and service ecosystem [3] Group 3: Collaborative Efforts and Project Implementation - Southern Power Grid is expanding its cooperation boundaries by offering various collaboration models such as BOT, BOO, EMC, and BT, and is forming localized service networks through its specialized companies [4][5] - Successful case studies, such as the near-zero carbon demonstration at the State-owned Enterprise Headquarters and the zero carbon factory by GAC Aion, highlight the adaptability and scalability of the company's solutions across diverse sectors [5] Group 4: Commitment to Green Transformation - The launch event emphasized the commitment to building a zero carbon future through collaboration with partners in various fields, aiming to reduce costs and risks associated with zero carbon transformation [6] - The company plans to optimize its product system and deepen cross-industry cooperation, making zero carbon parks a necessity in the green transformation process [6]