南方电网综合能源股份有限公司 1、本次股东大会不存在否决提案的情形。 2、本次股东大会不涉及变更以往股东大会已通过的决议。 关于 2025 年第二次临时股东大会决议的公告 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。 证券代码：003035 证券简称：南网能源 公告编号：2025-040 特别提示： 一、会议召开和出席情况 现场会议召开时间：2025年8月8日（星期五）下午15:30； 网络投票时间：2025年8月8日（星期五），其中，通过深圳证券交易所交易 系统进行网络投票的具体时间为2025年8月8日（星期五）上午9:15-9:25、 9:30-11:30，下午13:00-15:00；通过深圳证券交易所互联网投票系统进行网络 投票的具体时间为2025年8月8日（星期五）上午9:15至下午15:00期间的任意时 间； 2、现场会议召开地点：广州市天河区华穗路6号楼会议室； 3、会议召开方式：采取现场投票和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：公司董事长宋新明先生； 1、会议召开时间 6、本次会议的召集、召开符合有关法律、行政 ...

南方电网综合能源股份有限公司 关于二届三十五次董事会会议决议的公告 证券代码：003035 证券简称：南网能源 公告编号：2025-041 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。 一、董事会会议召开情况 南方电网综合能源股份有限公司（以下简称"公司"）二届三十五次董事会 会议于 2025 年 7 月 29 日以电子邮件形式发出会议通知，于 2025 年 8 月 8 日（星 期五）下午 4:30 在广州市天河区华穗路 6 号楼会议室以现场的方式召开。 由于刘静萍董事的辞职报告已于 2025 年 8 月 7 日送达公司董事会并生效， 会议应出席董事 8 名，实际亲自出席董事 8 名。公司高级管理人员列席了会议， 董事长宋新明先生召集并主持本次会议。本次会议为临时董事会会议，会议参与 表决人数及召集、召开程序符合《中华人民共和国公司法》和《南方电网综合能 源股份有限公司章程》等有关规定。 表决结果：8 票同意、0 票反对、0 票弃权。 （三）审议通过《关于修订<南方电网综合能源股份有限公司董事会薪酬与 考核委员会议事规则>的议案》 具体内容详见 2025 年 ...

Core Viewpoint - The launch of the RWA registration platform in Hong Kong marks a significant step in the tokenization of real-world assets, facilitated by the Hong Kong Web3.0 Standardization Association, which aims to create a comprehensive service system for data, asset, and financialization of RWA assets [1][2]. Group 1: RWA Platform and Standards - The RWA registration platform will enable the tokenization process for real-world assets, with three key standards established: "RWA Tokenization Business Guidelines," "RWA Tokenization Technical Specifications," and "Blockchain-based Stablecoin Cross-border Payment Technical Specifications" [1][2]. Group 2: Green Energy and Carbon Neutrality - The green value of electricity is becoming increasingly important as the EU implements carbon border adjustment mechanisms and regulations affecting exports from China, indicating a shift towards green electricity reforms [2]. - The Gansu thermal power capacity value exceeding expectations reflects potential changes in electricity pricing, emphasizing the importance of "green electricity direct connection," "zero-carbon parks," and "household photovoltaic aggregation participation in trading" [2]. Group 3: Dynamic Revenue Sharing - RWA projects allow for real-time distribution of revenue based on the operational performance of underlying assets, such as charging stations, where investor returns are directly linked to usage rates [2]. Group 4: Profitability of Green Power Assets - The peak-valley price difference arbitrage is identified as the core revenue source for green power asset RWAs, providing a sustainable cash flow foundation [3]. - RWA technology enhances the revenue potential and efficiency of green power assets, transitioning from traditional asset management to a model that encourages global capital sharing [3]. Group 5: Investment Opportunities - The report suggests focusing on investment opportunities that integrate RWA with electricity trading, virtual power plants, and carbon assets, recommending investments in household photovoltaics, charging stations, and carbon assets [3]. - Specific companies highlighted for potential investment include Southern Power Grid Energy, GCL-Poly Energy, Longxin Group, Zhejiang Chint Electrics, and Linyang Energy [3].

证券代码：003035 证券简称：南网能源 公告编号：2025-038 二、法院指定管理人情况 根据《深圳证券交易所股票上市规则》有关规定，现将有关进展情况公告如 下：近日，公司收到广东省清远市中级人民法院（以下简称"清远中院"）《广 东省清远市中级人民法院关于南方电网综合能源股份有限公司对阳山南电生物 质发电有限公司申请破产清算案摇珠结果的公告》[案号：(2025)粤 18 破申 3 号]，主要内容如下： 南方电网综合能源股份有限公司 关于孙公司申请破产的进展情况 暨指定破产管理人的公告 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。 一、孙公司破产清算事件概述 南方电网综合能源股份有限公司（以下简称"南网能源"或"公司"）已向 法院申请孙公司阳山南电生物质发电有限公司（以下简称"阳山南电公司"）破 产，具体情况详见公司于 2025 年 7 月 15 日披露的《关于孙公司申请破产的进展 公告》（公告编号：2025-032）。 清远中院摇珠选任广东国邦律师事务所为阳山南电公司破产清算案的一级 破产管理人。 三、对公司的影响及相关风险提示 1.广东国邦律师事务所 ...

Investment Rating - The report initiates coverage with a "Buy" rating for the company [4]. Core Views - The company is a leading energy-saving service provider, primarily focused on industrial and building energy efficiency, with a stable growth trajectory in its core business [1][14]. - The energy-saving industry is expected to experience significant growth, with the market size projected to reach approximately 1 trillion yuan by 2025 and 1.5 trillion yuan by 2035 [2][29]. - The company has a strong competitive advantage due to its extensive project experience and is actively pursuing business upgrades to enhance its service offerings [3][50]. Summary by Sections 1. Company Overview - The company specializes in energy-saving services, providing comprehensive solutions for energy diagnosis, design, renovation, and operation maintenance [14]. - It is backed by the Southern Power Grid, which holds about 40.4% of its shares [14]. 2. Industry Landscape - The energy-saving service industry is characterized by high capital intensity, strong policy guidance, and significant technological reliance [2]. - The industry is currently in a growth phase, with a projected market size of around 1 trillion yuan by 2025, driven by national policies and increasing energy efficiency awareness [29][31]. 3. Business Strategy and Competitive Advantage - The company has accumulated substantial project experience and maintains a strong market presence, particularly in the Southern region of China [3][50]. - It plans to invest over 3 billion yuan in external projects in 2025, with a consistent annual growth rate of over 20% in fixed assets since 2023 [3][50]. 4. Financial Performance and Forecast - The company achieved revenue of 3.2 billion yuan in 2024, a year-on-year increase of 5.6%, but reported a net loss due to underperforming biomass assets [1][20]. - Excluding the impact of low-efficiency assets, the net profit for 2024 would have been approximately 540 million yuan [20]. - Forecasted net profits for 2025, 2026, and 2027 are 480 million yuan, 590 million yuan, and 720 million yuan, respectively, with corresponding EPS of 0.13, 0.16, and 0.19 yuan [3][10].

Core Viewpoint - The company focuses on energy-saving services, primarily in industrial and building sectors, and is experiencing steady growth despite facing challenges from low-efficiency biomass assets [1][2] Group 1: Company Overview - The company is primarily engaged in energy-saving services, with a focus on industrial and building energy efficiency projects, adopting an investment-holding model for energy-saving renovation projects [1] - Southern Power Grid is the controlling shareholder, and the company is centered in South China while expanding its reach nationwide [1] - In 2024, the company achieved revenue of 3.2 billion yuan, a year-on-year increase of 5.6%, but reported a net loss due to the impact of low-efficiency biomass assets [1] Group 2: Financial Performance - Excluding the impact of biomass assets, the company's net profit for 2024 would have been 540 million yuan [1] - The company plans to gradually exit biomass-related projects, which is expected to lead to a significant recovery in performance [1] Group 3: Industry Outlook - The energy-saving industry has a clear development outlook, with leading enterprises holding first-mover advantages in industrial, building, and public facility energy-saving services [1][2] - The sector is characterized by capital intensity, strong policy guidance, high technological dependence, and stringent safety requirements [1] - According to estimates from the State Grid, the market size for energy-saving services is expected to reach around 1 trillion yuan by 2025 and approximately 1.5 trillion yuan by 2035 [1] Group 4: Competitive Advantage - The current supply side of energy-saving services is characterized by a "many but weak, small and scattered" structure, with leading companies likely to achieve sustained business growth [2] - The company has accumulated extensive project experience and a solid customer base over years in the energy-saving service industry, showcasing its first-mover advantages in brand influence, technology, talent, capital, and credit [2] - The company is transitioning from a primary focus on "investment holding" to a balanced approach of "investment holding + high-end services" and expanding from "comprehensive energy" to "comprehensive energy + energy-saving carbon reduction" [2] Group 5: Future Investment Plans - The company plans to invest over 3 billion yuan externally by 2025, maintaining a fixed asset growth rate of over 20% annually since 2023, while also experiencing a decline in financing costs [2] - With existing competitive advantages and the exploration of new business areas and downstream customers, the company's energy-saving business is expected to grow in line with industry trends [2] Group 6: Investment Recommendation - The company is expected to benefit from its first-mover advantage and business transformation in the energy-saving service industry [3] - Projected net profits for 2025-2027 are 480 million, 590 million, and 720 million yuan, with corresponding EPS of 0.13, 0.16, and 0.19 yuan, leading to PE ratios of 38, 31, and 25 times respectively [3]

证券日报网讯南网能源8月4日在互动平台回答投资者提问时表示，公司高度重视投资者回报，把市值管 理充分融入战略执行中，一是统筹开展持有资产的结构优化，及时处置低效资产，并优化提高资产运营 效率与管理效能；二是强化并购能力建设，推动实施高质量资产、股权并购整合，推动综合能源服务业 务补链、延链、强链；三是加大分红力度，择机推动股东增持、股份回购等提振市场信心举措。公司将 持续加强与市场沟通，充分听取市场意见，向广大投资者传递公司长期发展价值。 （文章来源：证券日报） ...

二、风险提示 证券代码：003035 证券简称：南网能源 公告编号：2025-037 南方电网综合能源股份有限公司 关于孙公司申请破产的进展公告 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。 南方电网综合能源股份有限公司（以下简称"公司"）已向法院申请孙公司 广西南能昌菱清洁能源有限公司（以下简称"南能昌菱公司"）破产，具体情况 详见公司于 2025 年 5 月 8 日披露的《关于孙公司申请破产的进展公告》（公告 编号：2025-023）。根据《深圳证券交易所股票上市规则》有关规定，现将有关 进展情况公告如下： 一、进展情况 近日，公司收到广西壮族自治区防城港市中级人民法院（以下简称"防城港 中院"）出具的《民事裁定书》[（2025）桂 06 破申 2 号]，防城港中院裁定不 予受理公司对南能昌菱公司的破产清算申请。公司计划向广西壮族自治区高级人 民法院提出上诉。 南能昌菱公司能否进入破产程序尚存在不确定性，且均不会对公司现有业务 的生产经营、财务状况或公司治理产生重大影响。公司将积极参与配合破产相关 工作并持续关注该事项的进展情况，同时依据国家相关法律法规 ...

Core Viewpoint - The announcement details the progress of the shareholding increase plan by the controlling shareholder and its concerted actions, indicating a significant investment commitment to South Network Energy [1][2]. Group 1: Shareholding Increase Plan - The controlling shareholder, China Southern Power Grid Co., Ltd., through its wholly-owned subsidiary, Southern Power Grid Capital Holdings Co., Ltd., plans to increase its shareholding in South Network Energy by investing between RMB 150 million and RMB 300 million within six months starting from April 9, 2025 [1][2]. - As of July 28, 2025, Southern Power Grid Capital has cumulatively acquired 24,268,600 shares, representing 0.64% of the total share capital, with a total investment of RMB 109,960,744.80, which is 73.31% of the lower limit of the planned investment [1][2][4]. Group 2: Shareholding Structure - Following the share increase, the total shares held by China Southern Power Grid and its concerted actions amount to 1,554,268,600 shares, accounting for 41.03% of the total share capital, marking a change that touches upon the 1% integer multiple [1][2][4]. - The increase in shareholding reflects the confidence of the controlling shareholder in the long-term investment value of the company and its transition towards "comprehensive energy + energy conservation and carbon reduction" [4][5]. Group 3: Compliance and Commitments - The controlling shareholder and its concerted actions have committed not to reduce their shareholding during the planned investment period and within the legally stipulated timeframe [5][6]. - The shareholding increase plan is being executed in accordance with relevant laws and regulations, including the Securities Law and the Management Measures for the Acquisition of Listed Companies [5][6].

证券代码：003035 证券简称：南网能源 公告编号：2025-036 南方电网综合能源股份有限公司 关于控股股东及其一致行动人增持计划的进展情况 暨权益变动触及 1%整数倍的公告 控股股东全资子公司南方电网资本控股有限公司保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 南方电网综合能源股份有限公司（以下简称"公司"或"南网能源"）于 2025 年 4 月 9 日在巨潮资讯网（http://www.cninfo.com.cn）上披露了《关于 控股股东全资子公司增持股份计划的公告》（公告编号：2025-018），公司控股 股东中国南方电网有限责任公司（以下简称"南方电网公司"）拟通过其全资子 公司南方电网资本控股有限公司（以下简称"南网资本"），自增持计划公告披 露之日 2025 年 4 月 9 日起 6 个月内，以不限于集中竞价交易、大宗交易等深圳 证券交易所允许的方式增持公司股份，增持金额为不低于人民币 1.5 亿元且不超 过 3 亿元，增持股份数量不超过公司总股本的 2%。 一、本次增持计划的实施进展 ...