格隆汇1月19日｜南网能源公告，2025年1月1日至12月31日，公司预计归属于上市公司股东的净利润为3 亿元-3.6亿元，上年同期亏损5812.58万元，实现扭亏为盈；扣非后净利润为3.07亿元-3.67亿元，上年同 期亏损1.05亿元；基本每股收益盈利0.0792元/股-0.0950元/股，上年同期亏损0.0153元/股。扭亏主因节 能业务收入稳定增长，生物质等低效资产治理成效显著，减值损失同比大减。具体财务数据以2025年年 报为准。 ...

南网能源公告称，2025年1月1日至12月31日，公司预计归属于上市公司股东的净利润为3亿元-3.6亿 元，上年同期亏损5812.58万元，实现扭亏为盈；扣非后净利润为3.07亿元-3.67亿元，上年同期亏损1.05 亿元；基本每股收益盈利0.0792元/股-0.0950元/股，上年同期亏损0.0153元/股。扭亏主因节能业务收入 稳定增长，生物质等低效资产治理成效显著，减值损失同比大减。具体财务数据以2025年年报为准。 ...

证券代码：003035 证券简称：南网能源 公告编号：2026-002 亏损 ☑ 扭亏为盈 同向上升 同向下降 | 项目 | | 本报告期 | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司股 东的净利润 | 盈利：30,000 | 万元–36,000 | 万元 | 亏损：5,812.58 | 万元 | | 扣除非经常性损益 后的净利润 | 盈利：30,700 | 万元–36,700 | 万元 | 亏损：10,521.64 | 万元 | | 基本每股收益 | 盈利：0.0792 | 元/股–0.0950 | 元/股 | 亏损：0.0153 | 元/股 | 二、与会计师事务所沟通情况 南方电网综合能源股份有限公司 关于 2025 年度业绩预告的公告 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、本期业绩预计情况 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日。 （二）业绩预告情况 四、其他相关说明 本次业绩预告的依据是公司财务部门对经营成果初步计算的 ...

Market Overview - The electricity sector increased by 1.3% compared to the previous trading day, with Baitong Energy leading the gains [1] - The Shanghai Composite Index closed at 4114.0, up 0.29%, while the Shenzhen Component Index closed at 14294.05, up 0.09% [1] Top Gainers in the Electricity Sector - Baitong Energy (001376) closed at 19.76, up 10.02% with a trading volume of 250,700 shares and a transaction value of 478 million [1] - Zhongmin Energy (600163) closed at 6.09, up 9.93% with a trading volume of 687,900 shares [1] - Luxiao Technology (002617) closed at 9.28, up 7.16% with a trading volume of 3,681,900 shares [1] - Haoling Power (600452) closed at 10.68, up 4.71% with a trading volume of 673,100 shares [1] - Huayin Power (600744) closed at 6.94, up 4.68% with a trading volume of 2,474,800 shares [1] Top Losers in the Electricity Sector - Shiwang Energy (605028) closed at 31.46, down 9.99% with a trading volume of 3,450 shares [2] - Hengsheng Energy (605580) closed at 24.97, down 7.04% with a trading volume of 210,600 shares [2] - Tuo Ri New Energy (002218) closed at 4.90, down 4.85% with a trading volume of 2,516,900 shares [2] Capital Flow Analysis - The electricity sector saw a net inflow of 181 million from main funds, while retail funds experienced a net inflow of 475 million [2] - Main funds showed a significant net outflow from several companies, including China Nuclear Power (601985) with a net outflow of 32.02 million [3] - Zhongmin Energy (600163) also experienced a net outflow of 44.80 million from main funds [3]

Group 1 - The core point of the article is that Nanguang Energy reported a total of 100,878 account holders in its combined ordinary and margin trading accounts as of January 10, 2026 [2]

Core Viewpoint - The announcement by Southern Power Grid Energy indicates a significant shift in strategy, moving away from new investments in photovoltaic projects, reflecting broader changes in the solar energy market [1] Group 1: Company Strategy - Southern Power Grid Energy has decided not to add new photovoltaic projects, focusing instead on optimizing strategies in response to the full market entry of renewable energy [1] - This marks a 180-degree turn from the previous year when the company was actively promoting household photovoltaic business in Guangdong, Guangxi, and Hainan, expecting it to be a key growth driver [1] Group 2: Market Changes - The release of important documents like the "Distributed Photovoltaic Power Generation Development Management Measures" and the "136 Document" has reshaped the photovoltaic industry, particularly the development logic of distributed solar energy [2] - The implementation of these regulations has led to a new phase for distributed photovoltaic development, with expectations for new trends and dynamics [2] Group 3: Installation Trends - By the end of 2020, China's total installed wind power was 280 million kW, and photovoltaic power was 250 million kW, with distributed photovoltaic installations at only 78.31 million kW, accounting for 31% of total photovoltaic installations [3] - During the "14th Five-Year Plan" period (2021-2025), distributed photovoltaic installations surged, with 2024 alone adding 120 million kW, bringing the total to 370 million kW by the end of 2024, representing 42% of total photovoltaic installations [4] Group 4: Performance Decline - Since the introduction of new management regulations and the "136 Document," the growth of distributed photovoltaic installations has sharply declined, with significant drops in new installations reported in Q3 2025 [5][10] - The overall trend shows a rapid decrease in new installations across all types of photovoltaic systems, with expectations that the gap between distributed and centralized photovoltaic installations will widen [10] Group 5: Regional Development - The focus of distributed photovoltaic installations is shifting towards economically developed provinces such as Jiangsu, Guangdong, Anhui, Fujian, and Zhejiang, which have strong power consumption capabilities [11][12] - The new regulations have led to a regional shift in installations, with areas previously strong in distributed photovoltaic installations now seeing a decline [12] Group 6: New Business Models - The "136 Document" has prompted distributed photovoltaic systems to participate in the electricity spot market, increasing revenue uncertainty due to market price fluctuations [14] - To adapt, the industry is exploring new business models, including energy storage integration and virtual power plants, which are gaining policy support [15][16]

Core Viewpoint - The company emphasizes its adherence to the principle of prudence in accounting, particularly in assessing credit risks associated with its financial assets, including accounts receivable and other receivables [1] Group 1: Financial Asset Management - The company evaluates credit risks of its financial assets and makes provisions for credit impairment losses accordingly [1] - Provisions for bad debts are reflected in the financial statement under the "accounts receivable" item [1] Group 2: Specific Financial Impact - The credit impairment loss for the biomass company in 2024 amounts to 76,867,023.87 yuan, primarily due to the adjustment of accounts receivable provisions based on the reduction of renewable energy price subsidies for biomass power generation projects [1]

Group 1 - The core point of the article is that Nanguang Energy has reported a total of 101,433 account holders in its combined ordinary and margin trading accounts as of December 31, 2025 [2]

Core Viewpoint - The company Southern Power Grid Comprehensive Energy Co., Ltd. has applied for bankruptcy reorganization for its subsidiary Nanneng Changling Company after a previous bankruptcy liquidation application was rejected by the court, indicating ongoing financial distress and strategic shifts within the company [1][2]. Group 1: Bankruptcy and Financial Status - Nanneng Changling Company, a subsidiary of Southern Power Grid Comprehensive Energy, is in a state of production suspension and unable to repay its debts, prompting the reorganization application to protect the interests of the company and its shareholders [1]. - The court rejected the bankruptcy liquidation application on December 9, 2025, stating that the company did not sufficiently prove that Nanneng Changling's assets were inadequate to cover its debts [1]. - The company has faced cash flow shortages and operational difficulties due to rising fuel prices, supply shortages, and insufficient customer demand, leading to continuous losses [2]. Group 2: Strategic Adjustments - Southern Power Grid has decided to exit the biomass energy sector, which has significantly impacted its financial performance, with a reported 43.9% decline in net profit to 311 million CNY in 2023 [3]. - The company has established a leadership group to address losses and has announced that it will not make new investments in comprehensive resource utilization or renewable energy projects like solar power [3]. - For the first three quarters of 2025, the company reported a revenue of 262.88 million CNY, a year-on-year increase of 15.37%, and a net profit of 34.24 million CNY, reflecting a growth of 125.08% [3].

证券代码：003035 证券简称：南网能源 公告编号：2026-001 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"）前期向广西壮族自治 区防城港市中级人民法院（以下简称"防城港中院"）及广西壮族自治区高级人 民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 12 月 9 日披露的《关于孙公司申请破产的进 展公告》（公告编号：2025-068）。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 南能昌菱公司为公司下属子公司南方电网综合能源广西有限公司的控股子 公司，已处于停产状态，不能清偿到期债务，且明显缺乏清偿能力。经与南能昌 菱公司其他债权人及意向投资者沟通，南能昌菱公司主营业务尚有一定价值和市 场前景，具备重组的价值和可行性。因此，为保护公司及公司股东的合法权益， 公司作为债权人，于 2025 年 12 月 31 日向防城港中院申请南能昌菱公司破 ...