特此公告。 南方电网综合能源股份有限公司 董事会 证券代码：003035 证券简称：南网能源 公告编号：2025-057 南方电网综合能源股份有限公司 关于向特定对象发行A股股票预案披露的提示性公告 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10月31日召 开公司二届三十八次董事会会议，审议通过了公司2025年度向特定对象发行A股 股 票 的 相 关 议 案 。 具 体 内 容 详 见 公 司 于 2025 年 11 月 1 日 在 巨 潮 资 讯 网 （http://www.cninfo.com.cn）披露的《南方电网综合能源股份有限公司2025 年度向特定对象发行A股股票预案》等文件。 本次预案的披露并不代表审批机关对于公司本次向特定对象发行A股股票相 关事项的实质性判断、确认、批准或注册，预案所述本次向特定对象发行A股股 票相关事项的生效和完成尚需公司股东会审议通过、深圳证券交易所审核通过并 取得中国证监会同意注册的批复，敬请广大投资者注意投资风险。 2025 年 11 月 1 日 ...

证券代码：003035 证券简称：南网能源 公告编号：2025-058 南方电网综合能源股份有限公司 关于 2025 年度向特定对象发行 A 股股票 摊薄即期回报和填补措施及相关主体承诺的公告 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。 假设 2025 年度、2026 年度扣除非经常性损益前后归属于上市公司股东的净 利润分别按以下三种情况进行测算：1）2025 年全年数据较 2025 年 1-6 月年化数 据增长 10%，2026 年全年数据较 2025 年全年数据增长 10%；2）2025 年全年数 据较 2025 年 1-6 月年化数据持平，2026 年全年数据较 2025 年全年数据持平；3） 2025 年全年数据较 2025 年 1-6 月年化数据下降 10%，2026 年全年数据较 2025 年全年数据下降 10%。该假设仅用于计算本次向特定对象发行股票摊薄即期回报 对主要财务指标的影响，不代表公司对未来经营情况及趋势的判断，亦不构成公 司的盈利预测，投资者不应据此进行投资决策，投资者据此进行投资决策造成损 失的，公司不承担赔偿责任； 根据《国务 ...

2025 年度向特定对象发行 A 股股票方案的论证分析报告 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"）是在 深圳证券交易所主板上市的公司。为了满足公司业务发展的需要，进一步增强资 本实力，公司根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司证券发行注册管理办法》和《南方电网综合能源股份有限公司章程》等相关 法律、行政法规及规范性文件的规定，拟向特定对象发行股票募集资金总额不超 过 200,000.00 万元（含本数）。 本报告中如无特别说明，相关用语具有与《南方电网综合能源股份有限公司 2025 年度向特定对象发行 A 股股票预案》中相同的含义。 一、本次发行的背景和目的 （一）本次向特定对象发行股票的背景 证券代码：003035 证券简称：南网能源 南方电网综合能源股份有限公司 2025 年度向特定对象发行 A 股股票 方案的论证分析报告 二〇二五年十月 南方电网综合能源股份有限公司 2 业布局中，节能环保位列首位，具有广阔的发展空间。 2、综合能源服务成为未来新型电力系统与新型能源体系的核心场景，产业 正步入快速增长的黄金期 新时代背景下，国家对能源领域的革新与发展给予 ...

南方电网综合能源股份 有限公司 前次募集资金使用情况 鉴证报告 大信专审字[2025]第 1-04955 号 大信会计师事务所(特殊普通合伙) WUYIGE CERTIFIED PUBLIC ACCOUNTANTS LLP. WUYIGE Certified Public Accountants.LLP 1 号 Room 2206 22/F. Xuevuan International Tower 2 层 2206 No.1 Zhichun Road, Haidian Dist. Beijing, China, 100083 前次募集资金使用情况鉴证报告 您可使用手机"扫一扫" 大信专审字[2025]第 1-04955 号 南方电网综合能源股份有限公司全体股东: 我们对南方电网综合能源股份有限公司(以下简称"贵公司")编制的《关于前次募集 资金使用情况的专项报告》（以下简称"前次募集资金使用情况专项报告"）进行了审核。 一、董事会的责任 按照中国证券监督管理委员会《监管规则适用指引 -- 发行类第7号》的规定编制前次募 集资金使用情况专项报告,并保证其内容真实、准确、完整,不存在虚假记载、误导性陈述 或重大遗 ...

法律意见书 关于中国南方电网公司 > 豁免要约收购的法律意见书 致:中国南方电网有限责任公司 1. 本法律意见书仅就本项目事宜发表意见; 2. 本法律意见书依据委托人提供的相关文件资料以 及出具目前的中国现行法律、法规和有关规定出具。委托 人及目标公司保证提供的文件资料真实、完整合法有效。 本所律师已根据相关法律、法规及规范性文件的规定及本 法律意见出具日前已经发生或者存在的事实,严格履行法 定职责及遵循勤勉尽责和诚实信用的原则,本法律意见书 不存在虚假记载、误导性陈述及重大遗漏; 3. 本法律意见书仅就贵司认购南网能源向特定对象 发行股票免于要约收购有关法律问题发表意见,对于本法 法律意见书 律意见中引用的文件、报告等内容,本所仅作引用,并不 意味着本所对这些数据、结论的真实性、准确性、合法性 做出任何明示或默示的判断和保证,且对于该等内容本所 并未开展调查。 4. 对于出具本法律意见书至关重要而又无法得到独 立证据支持的事实,本所依赖于网络公开查询、委托人等 单位出具的说明或证明文件。 广东君信经纶君厚律师事务所接受中国南方电网有 限责任公司(下称"南方电网公司"或"贵司"）委托, 指派本所律师就贵司认购 ...

Group 1 - The company, Nanfang Energy, plans to issue A-shares to raise a total of no more than 2 billion yuan for energy-saving and carbon reduction projects, as well as to supplement working capital and repay interest-bearing debts [1] - The controlling shareholder, Southern Power Grid, agrees to subscribe to the A-share issuance in cash, with a subscription ratio of no less than 41.26% of the total shares issued [1] - The maximum subscription amount by Southern Power Grid is capped at 1 billion yuan [1]

Core Viewpoint - The company plans to issue up to 1.136 billion A-shares to no more than 35 specific investors, raising a maximum of 2 billion yuan [1] Group 1: Share Issuance Details - The controlling shareholder, Southern Power Grid, intends to subscribe for no less than 41.26% of the issued shares, with a subscription amount not exceeding 1 billion yuan [1] - The pricing benchmark date for the issuance is set for the first day of the issuance period, with the price being no less than 80% of the average trading price of the company's shares over the previous 20 trading days [1] - This transaction constitutes a related party transaction and requires approval from the company's shareholders' meeting, Shenzhen Stock Exchange, and registration consent from the China Securities Regulatory Commission [1]

南网能源公告，公司于2025年10月31日召开董事会会议，审议通过了2025年度向特定对象发行A股股票 的相关议案。本次发行股票的预案及详细文件已于2025年11月1日在巨潮资讯网披露。预案的披露不构 成审批机关的实质性判断、确认、批准或注册，相关事项尚需公司股东会审议通过、深圳证券交易所审 核通过并取得中国证监会同意注册的批复。 ...

Core Insights - Nanfang Energy is a leading energy-saving service provider in China, focusing on comprehensive energy-saving services with a strong technical foundation and significant investment value [1] Group 1: Business Performance - For Q3 2025, Nanfang Energy reported revenue of 2.629 billion yuan, ranking 9th among 15 companies in the industry, with the industry leader, Guangdong Construction, generating 43.388 billion yuan [2] - The net profit for the same period was 397 million yuan, placing the company 6th in the industry, while the top performer, Hubei Energy, achieved a net profit of 2.524 billion yuan [2] - The company experienced a year-on-year revenue growth of 15.37% and a net profit increase of 125.07% for the first three quarters of 2025 [6] Group 2: Financial Ratios - As of Q3 2025, Nanfang Energy's debt-to-asset ratio was 66.29%, higher than the industry average of 57.35% [3] - The gross profit margin for Q3 2025 was 35.11%, which is above the industry average of 22.95% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 0.06% to 108,100, while the average number of circulating A-shares held per shareholder decreased by 0.06% to 35,000 [5] - The top circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with notable changes in their holdings [5] Group 4: Management Compensation - The chairman, Song Xinming, received a salary of 837,500 yuan in 2024, while the general manager, Ye Gangjian, earned 598,100 yuan [4]

Core Insights - The report highlights concerns regarding the independence of the Federal Reserve, particularly in light of political pressures, which may impact the macroeconomic narrative and the valuation of the US dollar [2] - The report provides a detailed analysis of various companies, focusing on their financial performance and strategic initiatives [3][4][5][6][7][8][10][11][12][17][19][20][22][24][25][26][27][28][30][31] Company Summaries - **Lihigh Food (300973 CH, Buy)**: The company reported revenue of 3.14 billion and net profit of 250 million for the first three quarters of 2025, showing year-on-year growth of 15.7% and 22.0% respectively. Despite pressure on gross margins due to rising palm oil prices, effective cost control has helped maintain profitability [3] - **Red Flag Chain (002697 CH, Accumulate)**: The company achieved revenue of 7.11 billion in the first three quarters of 2025, a year-on-year decrease of 8.5%. The net profit was 383 million, down 1.9% year-on-year. The company is focusing on internal management and cost reduction to improve profitability [4] - **Kanglong Chemical (300759 CH, Buy)**: The company reported revenue of 10.086 billion and adjusted net profit of 1.227 billion for the first three quarters of 2025, reflecting year-on-year growth of 14.4% and 10.8% respectively. The company has raised its revenue growth guidance for 2025 from 10-15% to 12-16% [5] - **Zhou Dasheng (002867 CH, Buy)**: The company reported revenue of 6.772 billion for the first three quarters of 2025, a decline of 37.3% year-on-year, while net profit increased by 3.1%. The growth in net profit is attributed to a higher proportion of high-margin products [6] - **Aimeike (300896 CH, Buy)**: The company reported revenue of 566 million in Q3 2025, down 21.3% year-on-year, with a net profit of 304 million, down 34.6%. The company is focusing on expanding its product pipeline and international market presence [7] - **Leixin Technology (688018 CH, Accumulate)**: The company achieved revenue of 1.912 billion in the first three quarters of 2025, a year-on-year increase of 30.97%. Despite a slight decline in Q3 revenue, the company is expanding its market presence in high-performance SoC [8] - **Zhongke Chuangda (300496 CH, Buy)**: The company reported revenue of 5.148 billion for the first three quarters of 2025, reflecting a year-on-year increase of 39.34%. The growth is driven by the AIOT sector [9] - **Yihua (301029 CH, Buy)**: The company reported revenue of 736 million in Q3 2025, up 17.52% year-on-year, with a net profit of 136 million, up 28.59%. The growth is attributed to the continued demand in lithium battery and automotive sectors [10] - **Huazhi Technology (688281 CH, Buy)**: The company reported revenue of 285 million in Q3 2025, a year-on-year increase of 12.85%. The company is focusing on its leading position in stealth materials [11] - **Chengdu Bank (601838 CH, Buy)**: The bank reported a net profit of 5.0% and revenue growth of 3.0% for the first nine months of 2025, indicating stable performance despite non-interest income fluctuations [12] - **Yun Tianhua (600096 CH, Buy)**: The company reported revenue of 12.6 billion in Q3 2025, a year-on-year decrease of 14%, but net profit increased by 24%. The company benefits from strong export demand for phosphate products [13] - **Funi Co., Ltd. (600483 CH, Buy)**: The company reported revenue of 3.666 billion in Q3 2025, down 4.04% year-on-year, but net profit increased by 11.53%. The company is focusing on its project reserves and renewable energy contributions [14] - **Hongcheng Environment (600461 CH, Buy)**: The company reported revenue of 1.738 billion in Q3 2025, up 2.41% year-on-year, with net profit of 324 million, reflecting stable operational performance [15] - **Op Lighting (603515 CH, Accumulate)**: The company reported revenue of 1.692 billion in Q3 2025, down 0.59% year-on-year, with net profit of 208 million, down 12.22%. The company is expected to recover as the housing market stabilizes [16] Industry Insights - The macroeconomic environment is influenced by political pressures on the Federal Reserve, which may affect market confidence and asset valuations [2] - The food and beverage sector is experiencing mixed performance, with some companies managing to maintain profitability through cost control and strategic initiatives [3][4][5][6] - The healthcare and pharmaceutical sectors are showing resilience, with companies reporting steady revenue growth and improved cash flow [7][8][9] - The technology sector, particularly in AI and IoT, is witnessing significant growth, driven by increased demand for advanced solutions [10][11][12] - The banking sector is showing stable performance, with banks managing to maintain profitability despite fluctuations in non-interest income [13][14] - The energy sector is focusing on renewable energy projects, with companies looking to expand their project reserves and improve operational efficiency [15][16]