股票代码:003035 南方电网综合能源股份有限公司 CHINA SOUTHERN POWER GRID ENERGY EFFICIENCY & CLEAN ENERGY CO., LTD. 2025-012 2024 手机扫描二维码 登录官网ny.csg.cn 南方電網綜合能源股份有限公司 地址:廣東省廣州市天河區華穗路6號 電話: 020 - 38122705 傳真: 020 - 38122741 郵箱: nwnyzzb@csg.cn 網址: ny.csg.cn CHINA SOUTHERN POWER GRID ENERGY EFFICIENCY & CLEAN ENERGY CO., LTD. 2024 年度 報 告 南方電網綜合能源股份有限公司 第一节 重要提示、 目录和释义 PB 南方电网综合能源股份有限公司 二零二四年年度报告 1 目录 | | | 页次 | | --- | --- | --- | | 第一节 | 重要提示、目录和释义 | 1 | | 第二节 | 公司简介和主要财务指标 | 5 | | 第三节 | 管理层讨论与分析 | 12 | | 第四节 | 公司治理 | 65 | | 第五节 ...

南网能源: 首次公开发行前已发行股份上市流通提 示性公告 南方电网综合能源股份有限公司 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。 特别提示： 网能源公司"或"公司"）首次公开发行前已发行股份本次解除限售的 数量为 1,530,000,000股，占公司总股本的40.39%。 一、首次公开发行前已发行股份概况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准南方 电网综合能源股份有限公司首次公开发行股票的批复》（证监许可〔2020〕 圳证券交易所《关于南方电网综合能源股份有限公司人民币普通股股票上市的 通知》（深证上〔2021〕74号）同意，公司首次公开发行的人民币普通股股票 于2021年1月19日在深圳证券交易所上市交易。 公司首次公开发行股票前总股本为 3,030,303,030股；首次公开发行 股票后总股本为 3,787,878,787股。本次解除限售并申请上市流通的股份 数量为 1,530,000,000股，占公司总股本的40.39%。 证券代码：003035 证券简称：南网能源 公告编号：2025- 公司自上市之日至本公告披露日，未发生 ...

证券代码：003035 证券简称：南网能源 公告编号：2025- 008 一、首次公开发行前已发行股份概况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准南方 电网综合能源股份有限公司首次公开发行股票的批复》（证监许可〔2020〕 3623号）核准，公司首次公开发行人民币普通股（A股）757,575,757股；经深 圳证券交易所《关于南方电网综合能源股份有限公司人民币普通股股票上市的 通知》（深证上〔2021〕74号）同意，公司首次公开发行的人民币普通股股票 于2021年1月19日在深圳证券交易所上市交易。 公司首次公开发行股票前总股本为3,030,303,030股；首次公开发行 股票后总股本为3,787,878,787股。本次解除限售并申请上市流通的股份 数量为1,530,000,000股，占公司总股本的40.39%。 公司自上市之日至本公告披露日，未发生股份增发、回购注销及派发股票 股利或用资本公积金转增股本等导致公司股份变动的情形，公司总股本未发生 变动。 南方电网综合能源股份有限公司 首次公开发行前已发行股份上市流通提示性公告 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 ...

中信建投证券股份有限公司 关于南方电网综合能源股份有限公司 首次公开发行前已发行股份上市流通的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券"或"保荐机构"） 作为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"）首次 公开发行股票并上市的保荐机构，根据《证券发行上市保荐业务管理办法》《深 圳证券交易所上市公司自律监管指引第 13 号——保荐业务》《深圳证券交易所股 票上市规则》和《深圳证券交易所自律监管指引第 1 号—主板上市公司规范运 作》等有关规定，对南网能源首次公开发行前已发行股份上市流通事项进行了审 慎核查，具体情况如下： 一、首次公开发行前已发行股份概况 经中国证券监督管理委员会（以下简称"中国证监会"）《关于核准南方 电网综合能源股份有限公司首次公开发行股票的批复》（证监许可〔2020〕 3623号）核准，公司首次公开发行人民币普通股（A股）757,575,757股；经深 圳证券交易所《关于南方电网综合能源股份有限公司人民币普通股股票上市的 通知》（深证上〔2021〕74号）同意，公司首次公开发行的人民币普通股股票 于2021年1月19日在深圳证券交易所上市交易。 二、解 ...

Group 1: Business Structure and Revenue Composition - The company's main business segments include industrial energy-saving services (approximately 50% of revenue), building energy-saving services (approximately 30% of revenue), urban lighting energy-saving services, and comprehensive resource utilization services [2] - The total scale of the South Network War New Fund is 5 billion yuan, with an initial subscription scale of 2 billion yuan, of which the company subscribes 100 million yuan, accounting for 5% of the initial subscription scale [2] Group 2: Impact of New Energy Market Entry - The company's existing projects are not significantly affected by the new energy pricing reform, as the average consumption rate of over 400 energy-saving and carbon-reduction projects remains high [3] - New projects may face competitive pressure due to declining grid connection prices, necessitating stricter cost control measures [3][4] Group 3: Asset Impairment and Management - The significant asset impairment in biomass projects is attributed to reduced renewable energy subsidies and ongoing losses due to fuel prices and cash flow shortages [5][6] - The company has made sufficient impairment provisions for projects facing bankruptcy, while other projects are expected to maintain sustainable operations without further large impairments in 2025 [6] Group 4: Strategic Transition - The company plans to shift its business structure from "investment holding" to a dual focus on "investment holding + high-end services" to mitigate risks and enhance market valuation [7][8] - This transition is driven by the urgent need for low-carbon, efficient energy solutions and the growing demand for comprehensive energy services [7][8]

证券代码：003035 证券简称：南网能源 公告编号：2025-007 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。 为了进一步优化业务布局，提升上市公司可持续发展能力，南方电网综合能 源股份有限公司（以下简称"南网能源公司"或"公司"）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 2024 年 12 月 21 日披露的《关于拟申请孙公司破产的公告》。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 二、其他相关情况 截至本公告披露日，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，公司尚未收到法院送达的书面文件；公司向广东 省清远市中级人民法院递交了阳山南电公司破产申请材料，目前仍处于立案审查 阶段。 | 账户名称 | 开户行 | 账号 | 账户性质 | 实际冻结金额 | | | --- | --- | --- | -- ...

Investment Rating - Buy (Maintained) [1] Core Views - The company is strategically exiting the biomass business to focus on its core energy-saving advantages, which is expected to improve resource allocation and enhance financial statement quality [7] - The company's 2024 performance is significantly impacted by impairments related to biomass assets, with a projected net profit loss of 400-800 million yuan, a year-on-year decrease of 112 87%-125 75% [7] - The company plans to focus on building energy efficiency and industrial energy efficiency in 2025, aiming to expand into multi-energy coordination and high-end services, strengthen energy-saving and carbon reduction core sectors, and pursue mergers and acquisitions to enhance value [7] Financial Performance and Projections - Revenue for 2022 was 2,888 million yuan, with a year-on-year growth of 10 29%, while 2023 revenue was 2,988 million yuan, growing by 3 46% [1] - Net profit attributable to the parent company in 2022 was 553 91 million yuan, increasing by 15 65%, but in 2023, it dropped to 310 74 million yuan, a decrease of 43 90% [1] - For 2024, the company expects a net profit loss of 59 15 million yuan, but forecasts a recovery to 371 43 million yuan in 2025 and 496 61 million yuan in 2026 [1] - The company's EPS for 2022 was 0 15 yuan per share, dropping to 0 08 yuan in 2023, and is expected to be -0 02 yuan in 2024, with a recovery to 0 10 yuan in 2025 and 0 13 yuan in 2026 [1] Strategic Adjustments - The company is exiting the biomass business due to challenges such as fuel shortages, price inversions, and cash flow issues, which have negatively impacted profitability and financial statement quality [7] - The company has applied for bankruptcy for its biomass subsidiaries, Naneng Changling and Yangshan Nandian, to optimize resource allocation and reduce losses [7] - The company plans to focus on energy-saving businesses, particularly in building and industrial energy efficiency, and aims to expand into multi-energy coordination and high-end services [7] Market Data - The closing price of the company's stock is 4 13 yuan, with a one-year low of 3 90 yuan and a high of 5 45 yuan [5] - The company's market capitalization is 15,643 94 million yuan, with a P/B ratio of 2 28 [5] - The company's total assets are projected to grow from 18,383 million yuan in 2023 to 23,390 million yuan in 2026 [8] Financial Ratios and Metrics - The company's gross margin is expected to improve from 33 26% in 2023 to 39 41% in 2026 [8] - The company's ROE is projected to recover from -0 84% in 2024 to 6 28% in 2026 [8] - The company's P/E ratio is expected to decrease from 50 34 in 2023 to 31 50 in 2026 [8]

北京浩天律师事务所 关于南方电网综合能源股份有限公司 2025 年第一次临时股东大会之法律意见书 2、《南方电网综合能源股份有限公司股东大会议事规则》； 致：南方电网综合能源股份有限公司 北京浩天律师事务所（以下简称"本所"）受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"）委托，指派律师出席南网能源 2025 年第一次临时股东大 会（以下简称"本次股东大会"或"本次会议"），并就本次股东大会的召集、召开 程序、召集人和出席会议人员资格、表决程序、表决结果的有效性及合法性等事项发 表法律意见。 本所依据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共 和国证券法》（以下简称"《证券法》"）、《上市公司股东大会规则（2022 年修订）》 （以下简称"《股东大会规则》"）、《中国证券登记结算有限责任公司上市公司股东 大会网络投票业务实施细则》《深圳证券交易所上市公司自律监管指引第 1 号—主板 上市公司规范运作（2023 年 12 月修订）》及中华人民共和国其他相关法律、法规、规 章及规范性文件（以下简称"中国法律"）以及南网能源《公司章程》之规定，出具本 法律意见书。 为出具本法 ...

证券代码：003035 证券简称：南网能源 公告编号：2025-005 南方电网综合能源股份有限公司 关于 2025 年第一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。 特别提示： 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。 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； 6、本次会议的召集、召开符合有关法律、行政法规、部门规章、规范性文 件和公司章程等的规定。 （二）会议出席情况 一、会议召开和出席情况 （一）会议召开情况 1、会议召开时间 现场会议召开时间：2025年1月21日（星期二）下午15:30； 网络投票时间：2025年1月21日（星期二），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1月21日（星期二）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1月21日（星期二）上午9 ...

Core Viewpoints - China is steadily advancing the green and low-carbon transformation of its energy sector, optimizing industrial structure, and promoting carbon reduction, pollution reduction, green expansion, and economic growth, with the "dual carbon" goals becoming a green engine for high-quality economic development [1] - Southern Power Grid Energy (南网能源) is a leading company in the comprehensive energy sector, continuously expanding its energy-saving services and helping clients reduce carbon emissions by 10.29 million tons [1] - The company is accelerating the optimization of its core business layout, shifting from a focus on "investment and holding" to a dual focus on "investment and holding + high-end services," and expanding from "comprehensive energy" to "comprehensive energy + energy-saving and carbon reduction" [1] - Green and low-carbon development is driving the energy transition, creating opportunities in energy-saving retrofits and energy efficiency services [1] - The company has implemented over 1,550 energy-saving projects, covering 9.85 million square meters of building service area and managing 784 million kWh of electricity [1] Business Strategy and Optimization - The company is optimizing its asset structure, focusing on high-quality assets, enhancing high-end service capabilities, and building a technology-driven enterprise [1] - The company is addressing challenges in the biomass sector, such as fuel shortages and cash flow issues, by strategically clearing assets [2] - The financial strategy emphasizes improving investment returns, maintaining healthy cash flow, and enhancing overall operational quality and profitability [2] Technological Innovation and Digital Transformation - The company is accelerating digital transformation, investing in AI and standardized energy-saving systems, and building a digital foundation to support service and business model innovation [3] - The company aims to achieve breakthroughs in comprehensive energy technology and products, and to innovate business models to enhance its development capabilities [3] Market Value Management and Shareholder Returns - The company has established a market value management system, including equity incentives, employee stock ownership plans, mergers and acquisitions, share repurchases, and cash dividends, in response to regulatory guidance [3] - The company plans to complete an interim dividend distribution before the Spring Festival, demonstrating its commitment to shareholder returns [3] Industry and Market Influence - The company has a strong market influence and brand recognition in the energy-saving sector, supporting national initiatives such as the creation of energy-efficient government offices [2] - The company is promoting the large-scale, high-end, and high-quality development of its energy-saving business, extending services to carbon reduction and helping clients explore energy-saving and carbon-reduction potential [2]