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].

◼ 事件：（1）4 月 16 日，南方电网控股上市公司举办 2024 年集体业绩说 明会， 会议以"共建新型电力系统生态 共促资本市场稳定发展"为主 题，南方电网公司与控股上市公司南网储能公司、南网能源公司、南网 科技公司同台发声，与投资者面对面沟通交流。 （2）南方电网基于对公司长期投资价值的信心，拟通过子公司南网资 本增持金额不低于 1.5 亿元不超过 3 亿元，占总股本不超过 2%，增持 完成将持有公司股本不超过 42.39%。 2025 年 04 月 20 日 证券研究报告·公司点评报告·电力 南网能源（003035） 大股东增持彰显信心，继续立足优势打造核 心竞争力 买入（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 2,988 | 3,155 | 3,576 | 3,985 | 4,500 | | 同比（%） | 3.46 | 5.58 | 13.36 | 11.44 | 12.90 | | 归母净利润（ ...

证券研究报告·公司点评报告·电力 南网能源（003035） 大股东增持彰显信心，继续立足优势打造核 心竞争力 买入（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 2,988 | 3,155 | 3,576 | 3,985 | 4,500 | | 同比（%） | 3.46 | 5.58 | 13.36 | 11.44 | 12.90 | | 归母净利润（百万元） | 310.74 | (58.13) | 476.93 | 556.51 | 674.85 | | 同比（%） | (43.90) | (118.71) | 920.50 | 16.69 | 21.26 | | EPS-最新摊薄（元/股） | 0.08 | (0.02) | 0.13 | 0.15 | 0.18 | | P/E（现价&最新摊薄） | 51.56 | (275.66) | 33.60 | 28.79 | 23.74 | [Table_Tag] [ ...

4月16日，南网能源公司在广州正式挂牌成立数字服务公司，打造覆盖咨询、设计、建设、运营、电力 交易服务、能碳服务等全品类多维度的高端综合能源服务平台，提供综合能源服务系统性解决方案和规 模化复制商业模式。 随着国家双碳战略推进，新型能源体系加快建设，能源结构快速的变化，新能源主体和源荷互动用户呈 现海量的爆炸式增长，对安全、优质、高效的运营和市场化交易以及多能互补集成优化、绿色低碳解决 方案等产生大量的需求，以低碳化、数字化、服务型为特征的综合能源服务新业态新模式不断涌现，前 景广阔。南网能源公司积极顺应综合能源行业发展规律趋势，立足提升核心竞争力和坚持长期价值主 义，今年初提出了向"多能协同+高端服务"拓展、经营"投资与服务双驱动"的战略布局。 据悉，南网能源公司是国内首个综合能源公司，也是综合能源"第一股"，成立十五年来深耕综合能源领 域，是全国领先的工业节能和建筑节能服务商。 基于电网背景以及长期的综合能源行业积累和技术储备，南网能源公司对分布式新能源主体、源荷互动 与节能降碳用户的服务需求有更深入透彻的理解。此次成立数字服务公司，南网能源公司旨在整合集成 其在全国24个省区持有的800多个节能和综合能 ...

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：2025-002 | 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 | | 活动参与人员 | 参与南方电网控股上市公司 2024 年度集体业绩说明会的广大 | | | 投资者 | | 时间 | 2025 年 4 月 16 日 | | 地点 | 全景网"投资者关系互动平台"（http://ir.p5w.net） | | 形式 | 视频与网络文字互动相结合 | | 上市公司接待人 | 董事长：宋新明 | | 员姓名 | 总经理：叶刚健 | | | 独立董事：庄学敏 | | | 总会计师：卢宏彬 | | | 董事会秘书：张恒阁 | | | 1.2024 年公司整体经营情况大概是怎样的？ 答：尊敬的投资者您好。2024 年，南网能源坚持退出非 | | | 优势领域，大力推进业务转型升级，受生物质业务相关影响， | | 交流内容及具体 | 公司业绩不及预期，但工业节能和建筑节能两大业务板块仍保 | | 回答记 ...

证券代码：003035 证券简称：南网能源 公告编号：2025-018 南方电网综合能源股份有限公司 关于控股股东全资子公司增持股份计划的公告 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： 南方电网综合能源股份有限公司（以下简称"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"）基于对公司长期投资价值的认可 以及公司从综合能源向"综合能源+节能降碳"转型发展的信心，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"），自本公告披露之 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、增持主体的基本情况 1.计划增持主体：南方电网资本控股有限公司 2.增持主体已持有本公司股份的数量、占公司总股本的比例：本次增持计划 实施前，控股股东南方电网公司持有公司 1,530,000,000 股，占公司已发行总股 本的 40.39%，南网资本未持有公司股 ...

证券代码：003035 证券简称：南网能源 公告编号：2025-017 南方电网综合能源股份有限公司（以下简称"公司"）已于 2025 年 3 月 29 日发布《2024 年年度报告》。为便于广大投资者更全面、更深入地了解公司 2024 年经营业绩和未来发展方向等内容，公司定于 2025 年 4 月 16 日（星期三）参加 中国南方电网有限责任公司控股上市公司 2024 年度集体业绩说明会，通过视频 与网络文字互动相结合的方式，与广大投资者进行互动交流。 一、会议主题及类型 本次业绩说明会将围绕国务院新"国九条"和国务院国资委加强央企控股上 市公司市值管理、提高上市工作质量工作部署，以"共建新型电力系统生态 共 促资本市场稳定发展"为主题，全方位展示公司在行业、业务、科研、技术等方 面的综合实力及发展规划、2024 年度生产经营业绩和未来的战略规划。 本次业绩说明会以视频与网络文字互动相结合的方式召开，公司将通过视频、 网络文字互动及云参观等形式，就 2024 年度的经营成果、财务指标、2025 年度 工作计划等内容与投资者进行互动交流和沟通，并在信息披露允许的范围内就投 资者关注的问题进行回答。 二、会议时 ...

南网能源（003035） 2024 年报点评：生物质减值落地，节能核心 业务增长稳定 买入（维持） | [Table_EPS] 盈利预测与估值 | 2023A | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业总收入（百万元） | 2,988 | 3,155 | 3,576 | 3,985 | 4,500 | | 同比（%） | 3.46 | 5.58 | 13.36 | 11.44 | 12.90 | | 归母净利润（百万元） | 310.74 | (58.13) | 476.93 | 556.51 | 674.85 | | 同比（%） | (43.90) | (118.71) | 920.50 | 16.69 | 21.26 | | EPS-最新摊薄（元/股） | 0.08 | (0.02) | 0.13 | 0.15 | 0.18 | | P/E（现价&最新摊薄） | 52.42 | (280.22) | 34.15 | 29.27 | 24.14 | [Table_Tag] [Table_Summar ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [1] Core Insights - The company reported a total revenue of 3.155 billion yuan in 2024, representing a year-on-year growth of 5.58%. However, the net profit attributable to shareholders was -58.13 million yuan, a decrease of 118.71% year-on-year [7] - The core business of industrial and building energy conservation showed stable growth, with industrial energy conservation revenue reaching 1.642 billion yuan, up 11.7% year-on-year, and building energy conservation revenue at 949 million yuan, up 4.89% year-on-year [7] - The company has decided to exit the biomass resource utilization business due to operational inefficiencies and is refocusing on its core energy-saving business, which is expected to enhance profitability [7] - The total installed capacity increased by 31.76% to 3.0846 million kilowatts, with sufficient project reserves for future growth [7] - The company’s operating cash flow improved by 38.62% to 1.428 billion yuan, indicating good cash flow management [7] - The profit forecast for 2025 and 2026 has been raised to 4.8 billion yuan and 5.6 billion yuan respectively, with a projected net profit of 6.7 billion yuan in 2027 [7] Financial Summary - In 2024, the company achieved a gross profit of 1.158 billion yuan, with a gross margin of 36.7%, an increase of 3.5 percentage points year-on-year [7] - The company’s total assets are projected to grow from 20.771 billion yuan in 2024 to 25.664 billion yuan by 2027 [8] - The debt-to-asset ratio is expected to remain stable around 64% over the forecast period [8] - The earnings per share (EPS) is projected to improve from -0.02 yuan in 2024 to 0.18 yuan in 2027 [8]