南方电网综合能源股份有限公司投资者关系活动记录表 编号：2025-008 | 投资者关系活动 | □特定对象调研 □分析师会议 | | --- | --- | | 类别 | □媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | 其他（东吴证券举办的 2026 年度策略峰会） | | 活动参与人员 | 参加东吴证券举办 2026 年度策略峰会的投资者 | | 时间 | 2025 年 11 月 6 日 | | 地点 | 上海 | | 形式 | 现场会议 | | 上市公司接待人 | 董事会工作部：程国辉、任嫣然 | | 员姓名 | | | | 1.公司在零碳园区业务上主要有哪些布局？ | | | 答：近期国家接连出台相关政策支持零碳园区发展，《关 | | | 于开展零碳园区建设的通知》明确提出分步骤推进园区低碳 | | | 化、零碳化改造，并要求优先应用绿电、节能技术及碳排放监 | | | 测系统，我们认为这与公司在年初提出的从提出的业务结构从 | | 交流内容及具体 | "投资持有"为主转向"投资持有+高端服务"并重，业务类 | | 回答记录 | 型由"综合能源"向 ...

风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 光伏ETF（515790）成立日期2020年12月7日，最新规模139.76亿。今年以来收益32.15%，同类排名 1471/4216；近一年收益13.42%，同类排名3001/3901；成立以来收益0.18%。 光伏ETF（515790）基金经理为李茜、李沐阳。 截至发稿，李茜累计任职时间6年3天，现任基金资产总规模440.52亿元，任职期间最佳基金回报 89.5%， 任职期间最差基金回报-18.35%。 李沐阳累计任职时间4年305天，现任基金资产总规模298.56亿元，任职期间最佳基金回报149.56%， 任 职期间最差基金回报-38.95%。 11月5日，南网能源涨5.11%，截至发稿，报5.14元/股，成交1.36亿元，换手率0.72%，总市值194.70亿 元。 资料显示，南方电网综合能源股份有限公司位于广东省广州市天河区华穗路6号，成立日期2010年12月 29日，上市日期2021年1月19日，公司主营业务涉及 ...

费率方面，光伏ETF基金管理费率为0.50%，托管费率为0.10%。 消息面上，受需求超预期和库存加速去化的推动，碳酸锂价格近期连续上涨。自10月中旬以来，碳酸锂期货主力合约从72000元/吨一路上涨，目前报82280 元/吨。 中信证券研报认为，欧洲大储呈现加速增长态势，伴随欧洲负电价频发提升现货峰谷价差，多数国家储能项目收益率已提升至10%—15%，且西班牙大停电 后欧洲各国政府加大储能支持力度，2025年有望成为欧洲大储爆发拐点。从欧洲需求体量看，根据测算，2030年欧洲新增装机有望达到165GWh，2024— 2030年预计复合增速40%，对应市场空间1700亿元。拆分看，东欧储能项目短期有望快速爆发，西欧和南欧远期体量更大。研报认为国产厂商依托成本优 势，有望持续提升欧洲储能份额，看好布局欧洲储能业务的电芯、系统集成环节厂商。 截至2025年11月5日 10:21，中证光伏产业指数(931151)上涨0.61%，成分股特变电工(600089)上涨4.24%，钧达股份(002865)上涨2.43%，南网能源(003035)上 涨2.04%，天合光能(688599)上涨1.82%，阳光电源(300274 ...

分红方面，南网能源A股上市后累计派现2.01亿元。近三年，累计派现1.13亿元。 机构持仓方面，截止2025年9月30日，南网能源十大流通股东中，香港中央结算有限公司位居第七大流 通股东，持股1876.05万股，相比上期增加507.89万股。南方中证500ETF（510500）位居第八大流通股 东，持股1664.97万股，相比上期减少41.96万股。光伏ETF（515790）位居第九大流通股东，持股 1292.95万股，相比上期减少30.98万股。 责任编辑：小浪快报 资料显示，南方电网综合能源股份有限公司位于广东省广州市天河区华穗路6号，成立日期2010年12月 29日，上市日期2021年1月19日，公司主营业务涉及主要从事节能服务,为客户能源使用提供诊断、设 计、改造、综合能源项目投资及运营维护等一站式综合节能服务。主营业务收入构成为：工业节能业务 54.92%，建筑节能业务26.92%，综合资源利用业务14.70%，城市照明节能业务2.95%，节能咨询技术服 务业务0.38%，节能改造工程业务0.11%，其他业务0.03%。 南网能源所属申万行业为：公用事业-电力-电能综合服务。所属概念板块包括：绿色电 ...

Core Viewpoint - The company plans to raise up to 2 billion yuan through a private placement of A-shares to fund energy-saving and carbon reduction projects, as well as to supplement working capital and repay interest-bearing debts [1][2]. Fund Allocation - The total amount to be raised is 200 million yuan, with 160 million yuan allocated for energy-saving and carbon reduction projects and 40 million yuan for working capital and debt repayment [2]. - The estimated costs for the energy-saving and carbon reduction projects include 147.8 million yuan for engineering costs, 5.5 million yuan for supporting engineering costs, and 6.7 million yuan for other construction expenses [1]. Shareholder Participation - The controlling shareholder, Southern Power Grid, has agreed to subscribe for at least 41.26% of the total shares issued in this private placement, with a maximum investment of 1 billion yuan [2]. Financial Performance - The company reported total revenue of 2.629 billion yuan for the first three quarters of the year, representing a year-on-year increase of 15.37% [6]. - The net profit attributable to shareholders for the same period was 342 million yuan, a significant increase of 125.08% year-on-year [6]. - The company has experienced a steady rise in financial expenses over the past few years, with figures of 231 million yuan, 255 million yuan, 273 million yuan, and 234 million yuan for the years 2022 to 2025 [3]. Debt and Asset Management - The company's debt-to-asset ratio has been increasing, reaching 54.11% at the end of 2022 and projected to rise to 66.29% by September 2025 [2]. - The company plans to sell its 51% stake in the Hezhou Wind Power Project for no less than 160 million yuan as part of its strategic adjustment to optimize core business layout [3]. Regional Focus - The company's operations are primarily concentrated in the South China region, with revenue distribution in this area accounting for 70.11%, 68.81%, and 71.11% over the last three years [4].

Core Viewpoint - The company, Nanfang Energy, plans to raise up to 200 million yuan through a private placement of A-shares to fund energy-saving and carbon reduction projects, supplement working capital, and repay interest-bearing debts [1][2]. Fundraising Details - The total investment for the energy-saving and carbon reduction project is 160 million yuan, while 40 million yuan is allocated for working capital and debt repayment, totaling 200 million yuan [2]. - The shares will be issued at a price determined through a bidding process, with the price not lower than 80% of the average trading price over the previous 20 trading days [2][4]. Issuance Structure - The issuance will target up to 35 specific investors, including the controlling shareholder, Nanfang Electric Power, and other qualified institutional and individual investors [3][4]. - Nanfang Electric Power will participate in the issuance without engaging in the market bidding process, committing to accept the market results [4]. Shareholder Impact - The issuance will not change the control of the company, as the controlling shareholder and actual controller remain the same after the issuance [4]. Previous Fundraising - In a previous fundraising round in January 2021, the company raised approximately 1.06 billion yuan by issuing 757,575,757 shares at a price of 1.4 yuan per share, with a net amount of approximately 1.04 billion yuan after deducting fees [5].

Core Points - Southern Power Grid Comprehensive Energy Co., Ltd. plans to issue A-shares to raise no more than 2 billion yuan for energy-saving and carbon reduction projects, working capital, and repaying interest-bearing debts [1][2] - The controlling shareholder, China Southern Power Grid Co., Ltd., intends to subscribe for at least 41.26% of the total shares issued, amounting to no more than 1 billion yuan [1] - The total number of A-shares to be issued will not exceed 1.136 billion shares, accounting for no more than 30% of the company's total share capital before the issuance [1] Financial Overview - The company will allocate 1.6 billion yuan of the raised funds for energy-saving and carbon reduction projects, including 1.478 billion yuan for engineering costs, 55 million yuan for supporting engineering costs, and 67 million yuan for other construction expenses [1] - An additional 400 million yuan will be used to supplement working capital and repay interest-bearing debts, aimed at optimizing the company's capital structure and enhancing sustainable development and profitability [1] - The company's debt-to-asset ratio has increased from 54.11% in 2022 to 66.29% by the end of September this year, indicating a rising financial risk [1] Strategic Intent - The issuance is a strategic choice to enhance operational strength and respond to national strategic emerging industry deployments, promoting high-quality development in the energy-saving and carbon reduction sector [2] - It aims to meet future funding needs for business transformation and upgrade, reduce financial risks, and safeguard the interests of all shareholders [2]

Group 1 - On November 1, a total of 13 companies in the A-share market announced plans related to private placements [1] - Among these, 5 companies disclosed private placement proposals, 3 proposals were approved by shareholders' meetings, 1 proposal was approved by the exchange, 1 proposal was approved by the CSRC, and 3 proposals were halted [1] - The latest disclosed private placement proposals include Shengxin Lithium Energy, Nanguang Energy, and Zhongyuan Co., with planned amounts not exceeding 3.2 billion yuan, 2.0 billion yuan, and 500 million yuan respectively [1]

Core Viewpoint - Nanfang Energy announced a plan to issue shares to specific investors, including its controlling shareholder, to raise up to 2 billion yuan for energy-saving projects and to supplement working capital and repay interest-bearing debts [1] Group 1: Share Issuance Details - The share issuance plan was approved by the company's board meeting held on October 31, 2025 [1] - The issuance will target no more than 35 specific investors, including the controlling shareholder, Nanfang Electric Power [1] - The number of shares to be issued will not exceed 30% of the company's total share capital prior to the issuance, amounting to approximately 1.136 billion shares [1] - The issuance price will be no less than 80% of the average trading price of the company's shares over the 20 trading days prior to the pricing date [1] Group 2: Fund Utilization - The total amount to be raised is capped at 2 billion yuan, with 1.6 billion yuan allocated for energy-saving and carbon reduction projects [1] - An additional 400 million yuan will be used to supplement working capital and repay interest-bearing debts [1] Group 3: Financial Performance - For the first half of 2025, Nanfang Energy's revenue composition was as follows: energy-saving services accounted for 85.27%, comprehensive resource utilization 14.7%, and others 0.03% [1] - As of the report date, Nanfang Energy's market capitalization stood at 18.7 billion yuan [1]

证券代码：003035 证券简称：南网能源 公告编号：2025-061 南方电网综合能源股份有限公司 关于公司与控股股东签署附条件生效的股份认购协 议暨关联交易的公告 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。 重要内容提示： 1、南方电网综合能源股份有限公司（以下简称"公司"、"南网能源"） 拟向包括公司控股股东中国南方电网有限责任公司（以下简称"南方电网"）在 内的不超过三十五名（含三十五名）符合中国证券监督管理委员会（以下简称"中 国证监会"）规定条件的特定对象发行不超过1,136,363,636 股A股股票（含本 数），且募集资金总额不超过人民币200,000万元（以下简称"本次发行"）。 南方电网拟以现金方式认购本次发行股票数量不低于本次发行股数的41.26%且 拟认购金额不超过人民币100,000万元（不含本数），并与公司签署《关于南方 电网综合能源股份有限公司向特定对象发行A股股票之附条件生效的股份认购协 议》（以下简称"《附条件生效的股份认购协议》"）。 2、根据《深圳证券交易所股票上市规则》，本次交易构成关联交易。 3、本次发行的相关议案 ...