证券代码：003035 证券简称：南网能源 公告编号：2025-024 南方电网综合能源股份有限公司 关于对外投资并设立合资公司的进展公告 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"）于 2025 年 5 月 26 日召开董事长专题会议审议通过了《审议终止广东省交通集团有限公司茂名地区 高速公路分布式光伏项目投资事项的议题》及《审议终止广东省交通集团有限公 司梅州地区高速公路分布式光伏项目投资事项的议题》，同意终止广东省交通集 团有限公司（以下简称"广东交通集团"）茂名和梅州地区高速公路分布式光伏 项目投资。根据《深圳证券交易所股票上市规则》《南方电网综合能源股份有限 公司章程》等规定，该事项无需提交公司董事会、股东大会审议。 护保障公司及投资者的利益，经审慎研究，公司决定终止以上项目投资。 三、终止对外投资事项对公司的影响 本次公司终止上述对外投资事项，是基于市场环境及项目具体实施情况综合 评估后，与各方协商一致的结果。上述项目尚未投入建设、运营，未产生实际效 益，对公司的生产经营不会造成重大不利影响，亦不 ...

Group 1: Financial Performance and Projections - The company experienced a significant decline in profit in 2024 due to the impact of biomass business, but in Q1 2025, overall operating performance showed a year-on-year growth [2] - The company predicts a positive outlook for 2025, driven by stable growth in core industrial and building energy-saving businesses, and a reduced impact from biomass operations [3] - In Q1 2025, the biomass project in Teng County achieved profitability, indicating effective management of loss-making assets [6] Group 2: Business Strategy and Transformation - The company is transitioning from a single "investment-driven" model to a dual "investment + service-driven" strategy, focusing on high-end services alongside investments [3][6] - A digital service company has been established to support the transition, enhancing operational efficiency and resource utilization [6] - The company is optimizing its organizational structure to improve management efficiency across the entire business chain from market development to customer service [6] Group 3: Market Opportunities and Challenges - The building energy-saving market is expected to grow significantly due to national policies promoting green buildings and energy efficiency [4][5] - The company is actively engaging in high-end energy-saving consulting services for government agencies, expanding its market reach [5] - The introduction of new policies regarding renewable energy pricing may lead to increased competition and pressure on project cost management [7] Group 4: Renewable Energy Subsidies - In 2024, the company received approximately CNY 289 million in renewable energy subsidies, with ongoing compliance and monitoring of subsidy eligibility for various projects [8]

证券代码：003035 证券简称：南网能源 公告编号：2025-023 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 阳山南电生物质发电有限公司（以下简称"阳山南电公司"）和广西南能昌菱清 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 4 月 4 日披露的《关于孙公司申请破产的进展公告》（公告编号：2025-016）， 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 1、阳山南电公司申请破产进展情况 二、其他情况 公司已向广东省高级人民法院对阳山南电公司的破产清算申请事项提出上 诉，广东省高级人民法院已受理上诉申请。 2、南能昌菱公司申请破产进展情况 广西壮族自治区防城港市中级人民法院已对公司申请南能昌菱公司破产案 件予以立案[（2025）桂 06 破申 2 号]，目前处于受理审查阶段。 公司于近日获悉，公司银行基本账户内部分资金 4,823.38 万元被冻结 ...

Group 1 - The stock price of Southern Power Grid Energy (003035) closed at 4.3 yuan on April 30, 2025, with no change, a turnover rate of 0.29%, a trading volume of 108,500 shares, and a transaction amount of 46.82 million yuan [1] - The company confirmed that in its energy cost management business model, it uses the gross method to recognize revenue, which aligns with the relevant accounting standards [2] - On April 30, the net outflow of main funds was 705,500 yuan, accounting for 1.51% of the total transaction amount [3][4] Group 2 - The fund flow on April 30 showed a net outflow of 135,400 yuan from speculative funds, accounting for 0.29% of the total transaction amount, while retail investors had a net inflow of 841,000 yuan, representing 1.8% of the total transaction amount [4]

Core Viewpoint - The company reported a stable growth in its business operations for the first quarter of 2025, with a revenue of 692.92 million yuan, representing a year-on-year increase of 20.35%, and a net profit attributable to shareholders of 91.34 million yuan, up by 1.65% [3][6]. Financial Performance - The company's revenue growth was driven by stable performance in its industrial energy-saving and building energy-saving sectors, with industrial energy-saving revenue reaching approximately 370.88 million yuan, a year-on-year increase of about 26.49%, and building energy-saving revenue at approximately 199.21 million yuan, up by about 13.73% [3][6]. - The net profit growth was lower than revenue growth due to differences in investment income and impairment losses compared to the same period last year [3][6]. Business Strategy and Developments - The company is accelerating its business transformation by establishing a digital services company focused on comprehensive energy digital operation and maintenance services, transitioning from a single "investment holding" model to a dual focus on "investment holding + high-end services" [3][6]. - The company has successfully turned the Tencounty Xinlongyuan biomass project profitable in the first quarter [3]. Shareholder Actions - The controlling shareholder, China Southern Power Grid Co., Ltd., plans to increase its stake in the company through its wholly-owned subsidiary, South Grid Capital Holdings Co., Ltd., with a planned investment of no less than 150 million yuan and no more than 300 million yuan within six months [6][7]. - As of April 28, 2025, South Grid Capital has acquired 9.7953 million shares, representing 0.26% of the total share capital, with a total investment of approximately 41.64 million yuan [7]. Asset Impairment - The company has decided to recognize an asset impairment provision totaling 14.77 million yuan for the first quarter of 2025, which will reduce the profit for the period by the same amount [25][26]. - The impairment provision includes receivables and contract assets, with specific amounts detailed for each category [26][28].

证券代码：003035 证券简称：南网能源 公告编号：2025-022 南方电网综合能源股份有限公司 关于2025年一季度计提资产减值准备的公告 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。 南方电网综合能源股份有限公司（以下简称"公司"）于 2025 年 4 月 28 日 召开的二届三十一次董事会会议与二届十五次监事会会议审议通过了《关于南方 电网综合能源股份有限公司 2025 年一季度计提资产减值准备的议案》。根据《深 圳证券交易所股票上市规则》《南方电网综合能源股份有限公司章程》等有关规 定，现将具体情况公告如下： 一、本次计提资产减值准备情况概述 （一）本次计提资产减值准备的原因 根据《企业会计准则》《深圳证券交易所股票上市规则》及公司会计政策、 会计估计等相关规定，为真实、准确反映公司2025年1月1日至2025年3月31日的 财务状况、资产价值及经营成果，基于谨慎性原则，公司根据相关的政策要求， 对公司（含合并报表范围内子公司）的各类资产进行了全面检查和减值测试，判 断部分资产存在减值的迹象，需要计提减值准备。 （二）本次计提资产减值准备的资产范 ...

证券代码：003035 证券简称：南网能源 公告编号：2025-020 南方电网综合能源股份有限公司 关于二届十五次监事会会议决议的公告 本公司及监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、监事会会议召开情况 南方电网综合能源股份有限公司（以下简称"公司"）二届十五次监事会会 议于 2025 年 4 月 18 日以电子邮件等形式发出会议通知，于 2025 年 4 月 28 日（星 期一）下午在广州市天河区华穗路 6 号楼会议室以现场的方式召开。 会议应出席监事 5 名，实际出席现场会议监事 4 名，委托出席监事 1 名（监 事会主席孙世奇先生因公出差，委托监事曹建东先生代为出席并行使表决权）。 根据《南方电网综合能源股份有限公司章程》的规定，由过半数监事共同推举监 事曹建东先生召集和主持本次会议，公司董事会秘书张恒阁先生列席了会议。本 次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。 二、监事会会议审议情况 （一）审议通过《关于<南方电网综合能源股份有限公司 2025 年第一季度 报告>的议案》 ...

证券代码：003035 证券简称：南网能源 公告编号：2025-019 南方电网综合能源股份有限公司 关于二届三十一次董事会会议决议的公告 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。 表决结果：9 票同意、0 票反对、0 票弃权。 （二）审议通过《关于南方电网综合能源股份有限公司 2025 年一季度内部 审计工作报告的议案》 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"）二届三十一次董事 会会议于 2025 年 4 月 18 日以电子邮件形式发出会议通知，于 2025 年 4 月 28 日（星期一）下午 2:30 在广州市天河区华穗路 6 号楼会议室以现场的方式召 开。 会议应出席董事 9 名，实际出席董事 9 名。公司部分监事及高级管理人员 列席了会议，董事长宋新明先生召集并主持本次会议。本次会议为定期董事会 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。 公司二届董事会审计与风险委员会第二十二次会议已于 2025 年 4 月 22 日审 议通过本议案。 二 ...

Financial Performance - The company's operating revenue for Q1 2025 reached ¥692,918,407.74, representing a year-on-year increase of 20.35% compared to ¥575,766,774.58 in the same period last year[5]. - Net profit attributable to shareholders was ¥91,343,899.85, a slight increase of 1.65% from ¥89,865,532.23 in the previous year[5]. - The net cash flow from operating activities increased by 57.06%, amounting to ¥310,732,825.89, compared to ¥197,841,935.91 in the same period last year[5]. - Total operating revenue for the current period reached ¥692,918,407.74, an increase of 20.4% compared to ¥575,766,774.58 in the previous period[25]. - Net profit for the current period was ¥105,027,812.98, representing a 10.5% increase from ¥94,855,739.27 in the previous period[25]. - The net profit attributable to the parent company was ¥91,343,899.85, slightly up from ¥89,865,532.23 year-over-year[26]. - Cash flow from operating activities generated ¥719,357,004.97, compared to ¥673,026,026.75 in the previous period, reflecting a growth of 6.9%[28]. Assets and Liabilities - Total assets at the end of the reporting period were ¥21,199,661,258.12, up 2.06% from ¥20,771,416,254.52 at the end of the previous year[5]. - The total assets of the company as of March 31, 2025, amounted to CNY 21,199,661,258.12, an increase from CNY 20,771,416,254.52 at the beginning of the period[22]. - The company's cash and cash equivalents decreased to CNY 972,029,432.64 from CNY 1,195,065,360.01[22]. - The total current liabilities decreased from CNY 560,271,838.42 to CNY 425,311,782.88[22]. - Total liabilities increased to ¥13,695,409,645.82 from ¥13,379,322,469.23, marking a rise of 2.4%[23]. - Non-current liabilities totaled ¥9,009,857,613.67, up from ¥8,450,581,296.80, indicating a growth of 6.6%[23]. - The company's total equity reached ¥7,504,251,612.30, an increase from ¥7,392,093,785.29, reflecting a growth of 1.5%[23]. Cash Flow - The net cash inflow from operating activities was $310,732,825.89, an increase from $197,841,935.91 in the previous period, reflecting a growth of approximately 57%[29]. - Cash outflows from operating activities totaled $424,643,176.45, down from $487,668,061.71, indicating a reduction of about 13%[29]. - The net cash flow from investing activities was -$927,164,783.60, compared to -$383,975,901.31 previously, showing a significant increase in cash outflow[29]. - Cash inflows from financing activities amounted to $896,532,479.63, a decrease from $1,482,257,754.26, representing a decline of approximately 40%[29]. - The net cash flow from financing activities was $387,850,354.01, slightly down from $414,909,282.78, indicating a decrease of about 7%[30]. - The ending cash and cash equivalents balance was $953,880,160.11, down from $1,164,132,664.51, reflecting a decrease of approximately 18%[30]. - The company received $550,000,000.00 related to other financing activities, compared to $800,000,000.00 previously, indicating a decline of 31%[29]. Business Development - The industrial energy-saving business generated approximately ¥37,088,000 in revenue, reflecting a growth of about 26.49% year-on-year[5]. - The company established a digital service company to enhance its business transformation, focusing on digital operation and maintenance services[6]. - The company plans to continue expanding its business and enhancing its service offerings in line with its strategic goals for 2025[6]. - The company has a plan to transform from comprehensive energy to "comprehensive energy + energy conservation and carbon reduction"[19]. Inventory and Investments - The company reported a significant increase in inventory, up 97.29% to ¥33,651,576.09, primarily due to the recovery of biomass resource utilization projects[11]. - The company's long-term equity investments increased to CNY 719,552,644.24 from CNY 697,381,632.51[22]. - The company’s inventory increased to CNY 33,651,576.09 from CNY 17,056,780.41[22]. - The company’s fixed assets increased to CNY 13,314,371,123.43 from CNY 13,116,664,755.16[22]. - Investment income decreased by 58.70% to ¥11,701,581.02, attributed to the absence of significant gains from the previous year[14]. Research and Development - Research and development expenses for the current period were ¥2,351,655.31, compared to ¥1,168,512.27 in the previous period, showing a significant increase of 100.4%[25]. Shareholding - The company plans to increase its shareholding through its wholly-owned subsidiary, with a planned investment between CNY 150 million and CNY 300 million, representing up to 2% of the total share capital[19]. - As of April 28, 2025, the total shares held by the parent company and its subsidiary amounted to 153,979.53 million shares, accounting for 40.65% of the total share capital[20]. Earnings Per Share - The company reported a basic and diluted earnings per share of ¥0.02, consistent with the previous period[26].

Group 1 - The report highlights the release of Guangzhou's "Mergers and Acquisitions Ten Articles," aiming to promote industrial development through mergers and acquisitions, targeting at least 60 deals by 2027 [3][35][38] - In the recent period, eight companies disclosed significant restructuring events, maintaining the same level as the previous period, with an equal number of companies involved in changes of actual controllers [3][12] - The restructuring index fell by 5.68%, underperforming compared to the Shanghai Composite Index (-3.37%) and the CSI 300 (-4.21%), while slightly outperforming the CSI 1000 (-6.48%) [3][25][29] Group 2 - The report analyzes key merger cases, including the acquisition of New潮传媒 by 分众传媒, valued at 8.3 billion yuan, which aims to integrate high-end urban resources with community resources in lower-tier cities [4][12] - The acquisition of 映日科技 by 呈和科技, valued at 1.8 billion yuan, focuses on technological synergy in the high-performance sputtering target materials sector, enhancing competitiveness in the display industry [4][12] - 湖南发展 plans to acquire four hydropower companies, increasing its installed capacity to 778,000 kilowatts, aligning with national carbon neutrality goals and enhancing operational synergy [5][12] Group 3 - The report identifies investment opportunities based on the "12218" industrial map, including strategic industry clusters such as 广汽集团 and 冠昊生物, and modern service industries like 广电计量 and 山水比德 [6][12][35] - The report emphasizes the encouragement of mergers and acquisitions in the biopharmaceutical and sports sectors, with various government departments advocating for financial support for these initiatives [35][36][38] - The report outlines the strategic focus on integrating upstream and downstream assets in key industries, aiming for significant mergers and acquisitions to enhance technological capabilities and market competitiveness [38]