Core Viewpoint - Nanfang Energy (003035) expects a significant increase in net profit attributable to shareholders for the first three quarters of 2025, projecting a rise of 125.08% year-on-year to 342 million yuan [1] Summary by Relevant Categories Financial Performance - The company anticipates a net profit of 342 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 125.08% [1] - Operating revenue is expected to increase by 15.37% compared to the previous year [1] Business Operations - The main business of the company continues to perform well, showing stability and progress [1] - There has been a significant reduction in credit impairment losses, primarily due to the recognition of large impairment losses on receivables from biomass project subsidies in the same period last year [1] Asset Management - The comprehensive management of low-efficiency biomass assets has yielded notable results, with Yangshan Nandian Company being designated a bankruptcy administrator by the court, thus no longer included in the company's consolidated financial statements [1] - The reduction in income tax expenses has also contributed to the improved financial outlook [1]

Core Viewpoint - The company, Nanfang Energy, expects a significant increase in net profit for the first three quarters of 2023, driven by strong core business performance and reduced credit impairment losses [1] Financial Performance - The net profit attributable to shareholders is projected to be 342.36 million yuan, representing a year-on-year growth of 125.08% [1] - The net profit after deducting non-recurring gains and losses is expected to be 343.61 million yuan, reflecting a year-on-year increase of 134.96% [1] - Operating revenue is anticipated to rise by 15.37% compared to the previous year [1] Key Drivers of Growth - The main reasons for the profit increase include: - Continued strong performance in the company's core business [1] - A significant reduction in credit impairment losses, as the previous year saw large impairment losses related to biomass project subsidy receivables [1] - Effective management of low-efficiency biomass assets, with the bankruptcy management of Yangshan South Electric Company leading to its exclusion from the consolidated financial statements [1] - A substantial decrease in income tax expenses year-on-year [1]

Core Viewpoint - The company, Southern Power Grid Energy, announced an expected net profit attributable to shareholders of 342 million yuan for the first three quarters, representing a year-on-year increase of 125.08% [1] Financial Performance - The projected net profit for the first three quarters is 342 million yuan [1] - This reflects a significant year-on-year growth of 125.08% [1]

[2025 Q1-Q3 Performance Forecast](index=1&type=section&id=2025%20Q1-Q3%20Performance%20Forecast) Southern Power Grid Comprehensive Energy Co., Ltd. anticipates significant net profit growth for 2025 Q1-Q3, attributed to core business expansion, reduced credit impairment, and effective biomass asset restructuring [I. Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company forecasts significant positive net profit growth for 2025 Q1-Q3, detailing expected net profit attributable to shareholders and non-recurring net profit - The performance forecast period is from January 1, 2025, to September 30, 2025[3](index=3&type=chunk) - The estimated net profit is positive and shows an upward trend year-on-year[3](index=3&type=chunk) Key Financial Data for 2025 Q1-Q3 Performance Forecast | Item | Current Period (million CNY) | Prior Period (million CNY) | Year-on-Year Growth | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders | 342.36 | 152.10 | 125.08% | | Net Profit Excluding Non-recurring Items | 343.61 | 146.25 | 134.96% | | Basic Earnings Per Share (CNY/share) | 0.0904 | 0.0402 | - | [II. Communication with Accounting Firms](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firms) This performance forecast has not been pre-communicated with or pre-audited by any accounting firm or certified public accountant - This performance forecast has not been pre-communicated with accounting firms[5](index=5&type=chunk) - This performance forecast has not been pre-audited by a certified public accountant[5](index=5&type=chunk) [III. Explanation of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) The significant net profit growth in 2025 Q1-Q3 is primarily due to increased operating revenue, reduced credit impairment losses, and effective biomass asset restructuring - The company's main business continued to strengthen, leading to a **15.37% year-on-year increase in operating revenue**[6](index=6&type=chunk) - Credit impairment losses significantly decreased year-on-year, mainly due to the recognition of substantial impairment losses on biomass project subsidy receivables in the prior year[6](index=6&type=chunk) - Comprehensive governance of inefficient biomass assets yielded significant results, with Yangshan Nandian Company no longer consolidated due to court-appointed bankruptcy administration, leading to a substantial year-on-year decrease in income tax expenses[6](index=6&type=chunk) [IV. Risk Warning](index=1&type=section&id=IV.%20Risk%20Warning) Investors are cautioned that this preliminary performance forecast is unaudited, and final financial data will be subject to the 2025 Q3 report - This profitability forecast is a preliminary estimate by the company's financial department[7](index=7&type=chunk) - This performance forecast has not been audited by an accounting firm[7](index=7&type=chunk) - Detailed financial data and related changes will be presented in the company's 2025 Q3 report; investors should be aware of investment risks[8](index=8&type=chunk) [Special Announcement](index=2&type=section&id=Special%20Announcement) This announcement was issued by the Board of Directors of Southern Power Grid Comprehensive Energy Co., Ltd. on October 17, 2025 - The announcement was issued by the Board of Directors of Southern Power Grid Comprehensive Energy Co., Ltd[9](index=9&type=chunk) - The announcement date is October 17, 2025[9](index=9&type=chunk)

Core Insights - The article discusses the launch of a comprehensive zero-carbon solution by Southern Power Grid Comprehensive Energy Co., Ltd. (referred to as "Southern Energy") aimed at supporting various parks in achieving a replicable zero-carbon path from planning to operation and carbon asset development [2][3] - Southern Energy emphasizes its commitment to national green transformation and energy structure optimization, with a strategic focus on "lean investment and high-end services" to enhance its diversified business layout [2] - The zero-carbon product system includes six series of 40 products, addressing the urgent demand for carbon constraint and covering the entire chain from planning to carbon services [2][3] Product and Service Offerings - Southern Energy launched five core products centered around "calculate carbon - reduce carbon - manage carbon - facilitate carbon - carbon+" that encompass all aspects of energy integration and efficiency improvement [3] - The company has implemented over 1,550 energy-saving and carbon reduction projects, resulting in an annual carbon reduction of 2.64 million tons, showcasing its extensive experience and understanding of user needs [3] - The solutions have been validated by benchmark projects such as the Southern Power Grid production research base and Guangzhou Shipyard International Park, demonstrating adaptability to various scenarios [3] Collaboration and Future Plans - Southern Energy collaborates with partners in energy technology and architectural design to enhance its offerings, indicating a commitment to ecological cooperation [3] - The launch event, which combined offline and online participation, attracted nearly 200 attendees on-site and over 12,000 online viewers, highlighting the interest in zero-carbon initiatives [3]

Core Viewpoint - The company South Grid Energy aims to provide a comprehensive zero-carbon solution for various parks, focusing on planning, construction, operation, and carbon asset development, aligning with China's dual carbon goals [1][2] Group 1: Company Strategy and Offerings - South Grid Energy has developed a one-stop solution for zero-carbon parks, emphasizing a modular and standardized approach to its diverse business layout, which includes investment, services, and products [1] - The company has created a product system consisting of 6 series and 40 products, covering the entire process of zero-carbon implementation, focusing on five key areas: carbon calculation, reduction, management, ease of transition, and carbon enhancement [2] - The company has implemented over 1,550 energy-saving and carbon reduction projects, achieving an annual carbon reduction capacity of 2.64 million tons [2] Group 2: Industry Context and Collaboration - The current national policy is shifting from top-level design to practical implementation, with a focus on energy structure transformation, full-chain carbon reduction in key areas, and commercialization of technological innovations [1] - South Grid Energy is expanding its cooperation boundaries by offering various collaboration models such as BOT, BOO, EMC, and BT, and is forming localized service networks through its regional companies [3] - Successful case studies, such as the near-zero carbon demonstration at the State-owned Enterprise Headquarters and the zero-carbon factory by GAC Aion, showcase the adaptability and scalability of the company's solutions across different industries [3] Group 3: Future Directions - The company plans to optimize its product system and deepen cross-industry collaboration, aiming to make zero-carbon parks a necessity rather than an option, contributing to the green transition [4]

Core Viewpoint - The Southern Power Grid Comprehensive Energy Co., Ltd. (referred to as "Southern Energy Company") launched a one-stop overall solution for zero-carbon parks, aiming to provide a replicable path for various parks from planning, construction, operation to carbon asset development, in line with China's "dual carbon" goals [2][3]. Group 1: Zero-Carbon Parks as a Key Pathway - The current push for green transformation in China is driven by the "dual carbon" goals, with a focus on systemic energy structure reshaping, full-chain carbon reduction in key areas, and commercialization of technological innovations [3]. - Southern Energy Company emphasizes the urgency for enterprises to seek sustainable zero-carbon development pathways, extending its services from energy-saving to a full-chain approach including planning, design, construction, operation, and carbon services [3]. Group 2: Commercial Model for Zero-Carbon Parks - Southern Energy Company has developed a product system covering the entire process of zero-carbon implementation, showcasing five core products at the launch event [4]. - The core products include planning and design with BIM integration, multi-energy collaborative smart energy systems, deep energy-saving solutions, a comprehensive energy-carbon digital management platform, and integrated smart operation services [5]. Group 3: Successful Case Studies - The solutions have been validated through several benchmark projects, including the near-zero carbon demonstration at the Southern Power Grid headquarters and the energy efficiency benchmark in the shipbuilding industry [6]. - The successful cases demonstrate the adaptability and scalability of the solutions across various sectors, including office, industrial, and manufacturing [6]. Group 4: Collaborative Partnerships - Southern Energy Company collaborates with partners in energy technology, building design, new energy, storage, and digital solutions to advance zero-carbon park construction [7]. - The partnership with Huawei Cloud aims to combine expertise in energy management and digital platforms to create smarter and more efficient zero-carbon park solutions [7]. Group 5: Event Participation - The launch event attracted nearly 200 participants from government departments, power companies, industry associations, financial institutions, key clients, and media, with over 12,000 online views [8].

Core Viewpoint - The release of the "Zero Carbon Park Product Launch Conference" by Southern Power Grid Comprehensive Energy Co., Ltd. marks a significant step towards achieving China's "dual carbon" goals, providing a comprehensive solution for zero carbon parks from planning to operation and carbon asset development [1][2] Group 1: Zero Carbon Parks as a Key Pathway - The current push for green transformation in China is driven by the "dual carbon" goals, focusing on systemic energy structure reshaping, full-chain carbon reduction in key areas, and commercialization of technological innovations [2] - Companies are at a crossroads of "carbon constraints," seeking sustainable zero carbon development paths, with zero carbon parks being a crucial strategic pivot for Southern Power Grid [2] Group 2: Business Model for Zero Carbon Parks - Southern Power Grid has developed a product system covering the entire process of zero carbon implementation, showcasing five core products including planning design, multi-energy collaborative systems, deep energy-saving solutions, digital management platforms, and integrated operational services [3] - The company has implemented over 1,550 energy-saving and carbon reduction projects, achieving an annual carbon reduction capacity of 2.64 million tons, demonstrating its extensive market and service ecosystem [3] Group 3: Collaborative Efforts and Project Implementation - Southern Power Grid is expanding its cooperation boundaries by offering various collaboration models such as BOT, BOO, EMC, and BT, and is forming localized service networks through its specialized companies [4][5] - Successful case studies, such as the near-zero carbon demonstration at the State-owned Enterprise Headquarters and the zero carbon factory by GAC Aion, highlight the adaptability and scalability of the company's solutions across diverse sectors [5] Group 4: Commitment to Green Transformation - The launch event emphasized the commitment to building a zero carbon future through collaboration with partners in various fields, aiming to reduce costs and risks associated with zero carbon transformation [6] - The company plans to optimize its product system and deepen cross-industry cooperation, making zero carbon parks a necessity in the green transformation process [6]

Core Viewpoint - The announcement details the completion of a share buyback plan by the wholly-owned subsidiary of the controlling shareholder, South Grid Capital Holdings Co., Ltd., reflecting confidence in the long-term investment value of the company and its transition towards "comprehensive energy + energy conservation and carbon reduction" [3][6]. Summary by Sections 1. Buyback Plan Overview - The buyback plan was initiated by the controlling shareholder, China Southern Power Grid Co., Ltd., through its wholly-owned subsidiary, South Grid Capital, with a planned investment amount between RMB 150 million and RMB 300 million, aiming to acquire up to 2% of the company's total shares [3][6][8]. 2. Implementation Results - From April 9, 2025, to October 8, 2025, South Grid Capital acquired a total of 32,983,900 shares, representing 0.87% of the company's total share capital, with a total expenditure of RMB 151,215,504.80 (excluding transaction fees) [3][9][10]. 3. Shareholding Structure Post-Implementation - After the buyback, South Grid Capital and its concerted actions, including China Southern Power Grid Co., Ltd., hold a combined total of 1,562,983,900 shares, accounting for 41.26% of the company's total share capital [9][10]. 4. Compliance and Legal Opinions - The buyback plan complies with relevant laws and regulations, including the Company Law and Securities Law of the People's Republic of China, and does not affect the company's shareholding structure or control [9][11].

控股股东全资子公司南方电网资本控股有限公司保证向本公司提供的信息 内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示： 1、本次增持计划的主要内容：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"），自增持计划公告披露之日 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%。 2、本次增持计划的实施结果：2025 年 4 月 9 日至 2025 年 10 月 8 日期间， 南网资本通过深圳证券交易所交易系统以集中竞价交易方式累计增持公司股份 32,983,900 股，占公司总股本的比例为 0.87%，累计增持金额 151,215,504.80 元（不含 ...