Group 1 - The core viewpoint of the news is that Zhongtai Co., Ltd. has shown significant stock performance with a year-to-date increase of 61.36% and a recent 5-day increase of 5.33% [1] - As of September 17, the stock price reached 19.17 yuan per share, with a total market capitalization of 7.394 billion yuan [1] - The company operates primarily in deep cooling technology, with its main revenue sources being gas operations (49.43%), equipment sales (44.65%), and gas operations (5.84%) [1] Group 2 - As of June 30, the number of shareholders increased by 18.42% to 24,700, while the average circulating shares per person decreased by 15.55% to 14,943 shares [2] - For the first half of 2025, Zhongtai Co., Ltd. reported a revenue of 1.302 billion yuan, a year-on-year decrease of 4.79%, while the net profit attributable to shareholders increased by 9.14% to 135 million yuan [2] - The company has distributed a total of 356 million yuan in dividends since its A-share listing, with 172 million yuan distributed in the last three years [3] Group 3 - As of June 30, 2025, the second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 15.5753 million shares, an increase of 6.5483 million shares from the previous period [3] - The seventh-largest circulating shareholder is Xingquan Social Responsibility Mixed Fund, holding 3.3374 million shares, which is an increase of 1.5346 million shares from the previous period [3]

Market Overview - On September 16, the gas sector rose by 0.24% compared to the previous trading day, with Dazhong Public Utilities leading the gains [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Dazhong Public Utilities (600635) closed at 4.55, with a gain of 6.31% and a trading volume of 2.0605 million shares, amounting to a transaction value of 942 million [1] - Other notable performers included: - Guo Xin Energy (600617) at 2.96, up 2.78% [1] - Zhongtai Co., Ltd. (300435) at 18.77, up 2.74% [1] - Changchun Gas (600333) at 5.74, up 2.14% [1] - Tianhuan Energy (300332) at 5.74, up 1.41% [1] Fund Flow Analysis - The gas sector saw a net inflow of 4.4662 million in main funds, while retail funds experienced a net outflow of 23.5136 million [2] - Retail investors contributed a net inflow of 19.0473 million [2] Detailed Fund Flow for Selected Stocks - Dazhong Public Utilities had a main fund net inflow of 85.0897 million, with retail funds showing a net outflow of 81.1711 million [3] - Zhongtai Co., Ltd. recorded a main fund net inflow of 25.4885 million, while retail funds had a net outflow of 22.5006 million [3] - Guo Xin Energy experienced a main fund net inflow of 6.9542 million, with retail funds showing a net outflow of 5.1265 million [3]

Market Overview - On September 15, the gas sector declined by 0.23%, with Meinuo Energy leading the drop [1] - The Shanghai Composite Index closed at 3860.5, down 0.26%, while the Shenzhen Component Index closed at 13005.77, up 0.63% [1] Individual Stock Performance - Shengtong Energy (001331) saw a significant increase of 10.01%, closing at 13.85 with a trading volume of 179,500 shares and a turnover of 238 million yuan [1] - ST Jinwan (000669) rose by 3.98%, closing at 3.40 with a trading volume of 161,500 shares and a turnover of 54.49 million yuan [1] - Meinuo Energy (001299) experienced a decline of 3.23%, closing at 12.90 with a trading volume of 119,000 shares and a turnover of 157 million yuan [2] - Wanhou Energy (002700) fell by 3.04%, closing at 7.02 with a trading volume of 159,400 shares and a turnover of 112 million yuan [2] Capital Flow Analysis - The gas sector experienced a net outflow of 110 million yuan from institutional investors, while retail investors saw a net inflow of 69.9 million yuan [2] - Major stocks like Shengtong Energy had a net inflow of 73.84 million yuan from institutional investors, but also faced a net outflow of 47.48 million yuan from retail investors [3] - ST Jinwan had a net inflow of 8.38 million yuan from institutional investors, with a net outflow of 4.99 million yuan from retail investors [3]

Investment Rating - The report maintains a positive outlook on the power and gas sectors, recommending various companies within these industries for investment [5][14]. Core Insights - The report highlights the competitive results of the electricity pricing mechanism in Shandong, indicating that wind power is favored over solar power, with wind power pricing at 0.319 CNY/kWh and solar at 0.225 CNY/kWh [9][10]. - A new pricing mechanism for nearby consumption of renewable energy has been established, clarifying economic responsibilities and allowing renewable projects to pay for supply reliability [12][13]. - Global gas prices are showing mixed trends, with European and Asian prices rising while U.S. prices are declining, reflecting varying supply and demand dynamics [15][20]. Summary by Sections 1. Electricity: Shandong Pricing Mechanism and New Renewable Energy Policies - Shandong's first competitive pricing results show wind power projects with a total capacity of 3.5911 GW and a mechanism electricity price of 0.319 CNY/kWh, while solar projects have a capacity of 1.265 GW and a price of 0.225 CNY/kWh [9][11]. - The new pricing mechanism for nearby consumption aims to enhance the utilization of renewable energy and reduce the pressure on the power system [12][13]. 2. Gas: Global Price Variations - As of September 12, U.S. Henry Hub spot prices are at $2.94/mmBtu, down 3.61% week-on-week, while European TTF prices are at €32.00/MWh, up 1.27% [15][16]. - The report notes that U.S. gas production remains high despite a slight decline, while European prices are influenced by supply constraints and increased heating demand due to cooler temperatures [15][20]. 3. Weekly Market Review - The gas sector outperformed the Shanghai and Shenzhen 300 index, while the public utilities, power, and environmental sectors underperformed [36]. 4. Company and Industry Dynamics - Recent announcements include the implementation of market-oriented pricing reforms for renewable energy in Jiangxi province, effective from October 2025 [40]. - The report also discusses various company announcements, including operational updates and financial instruments [43]. 5. Key Company Valuation Tables - The report provides valuation metrics for key companies in the public utility sector, highlighting buy and hold recommendations for several firms based on their earnings and price-to-earnings ratios [45][46].

每经AI快讯，中泰股份（SZ 300435，收盘价：18.43元）9月12日晚间发布公告称，公司第五届第十七 次董事会会议于2025年9月11日在杭州市富阳区东洲街道高尔夫路228号公司研发楼会议室以现场和通讯 的方式召开。会议审议了《关于控股孙公司拟与韩国合资公司开展原料气供应业务暨关联交易的议案》 等文件。 每经头条（nbdtoutiao）——一次自救，"奥特曼"竟埋下百亿元损失的"时间炸弹"，现在被引爆！有人 却在疯狂赚钱⋯⋯ 2024年1至12月份，中泰股份的营业收入构成为：燃气运营行业占比51.54%，深冷技术行业占比 42.58%，气体运营占比5.83%，其他占比0.05%。 （记者 张喜威） 截至发稿，中泰股份市值为71亿元。 ...

人民财讯9月12日电，中泰股份(300435)9月12日晚间公告，控股孙公司瑞尔泰拟与韩国合资公司浦项中 泰空气解决方案股份有限公司（简称"PZAS"）签订原料气供应合同，由PZAS向瑞尔泰采购精制氪氙氖 氦所需的原料气，预计2025年采购总额不超过5000万元。PZAS是公司持股57%的中泰赛能韩国有限公 司与浦项制铁的合资公司，中泰赛能持有PZAS24.9%的股份。 转自：证券时报 ...

Market Overview - The gas sector experienced a slight decline of 0.08% on September 12, with Shengtong Energy leading the drop [1] - The Shanghai Composite Index closed at 3883.69, up 0.22%, while the Shenzhen Component Index closed at 12996.38, up 0.13% [1] Individual Stock Performance - Notable gainers in the gas sector included: - Dazhong Public Utilities (600635) with a closing price of 4.35, up 2.11% and a trading volume of 654,000 shares, totaling 284 million yuan [1] - Xin'ao Co., Ltd. (600803) closed at 19.28, up 1.69% with a trading volume of 58,400 shares [1] - Conversely, Shengtong Energy (001331) led the declines with a closing price of 12.57, down 1.18% and a trading volume of 62,900 shares, totaling 79.36 million yuan [2] Capital Flow Analysis - The gas sector saw a net outflow of 63.66 million yuan from institutional investors, while retail investors contributed a net inflow of 49.89 million yuan [2] - The detailed capital flow for selected stocks showed: - Xin'ao Co., Ltd. had a net inflow of 18.15 million yuan from institutional investors [3] - Dazhong Public Utilities experienced a net outflow of 9.43 million yuan from institutional investors [3]

证券代码：300435 证券简称：中泰股份 公告编号：2025-038 二、备查文件 特此公告。 杭州中泰深冷技术股份有限公司 董事会认为本次关联交易是正常经营行为，公司控股孙公司——河北瑞尔泰 电子特气有限公司与韩国合资公司——浦项中泰空气解决方案股份有限公司的 原料气供应合同是双方在公平、平等、互利的基础上进行的，遵循了公平、公允 的原则，交易定价客观、合理，符合市场情况，不存在利益转移，不存在损害公 司及其他股东，特别是中、小股东和非关联股东利益的情况。审议程序合法、有 效，符合有关法律、法规和《公司章程》的规定。具体内容详见巨潮资讯网 （http://www.cninfo.com.cn/）。 本事项已经公司独立董事专门会议审议并取得了明确同意的意见。 关联董事唐伟回避表决。 表决结果：8票同意，1票回避表决，0票反对，0票弃权。 第五届董事会第十七次会议决议的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记 载、误导性陈述或重大遗漏。 杭州中泰深冷技术股份有限公司（以下简称"公司"）第五届董事会第十七 次会议于2025年9月11日在杭州市富阳区东洲街道高尔夫路228号公司研发 ...

PZAS 是公司持股 57%的中泰赛能韩国有限公司（ZHONGTAI SYNERGY KOREA CO.，LTD，以下简称"中泰赛能"）与 Posco Holdings Inc（浦项制铁，以 下简称"Posco"）的合资公司，中泰赛能持有 PZAS 24.90%的股份。PZAS 设三名 董事，其中一名董事由公司委派，且公司高管、董事唐伟担任 PZAS 的监事，PZAS 与公司构成关联方，瑞尔泰拟向 PZAS 开展原料气供应业务构成关联交易。 2025 年 9 月 10 日公司第五届董事会独立董事第七次专门会议及 2025 年 9 月 11 日公司第五届董事会第十七次会议、第五届监事会第十六次会议审议通过了《关于 控股孙公司拟与韩国合资公司开展原料气供应业务暨关联交易的议案》。关联董事 唐伟先生回避表决，其余 8 名非关联董事一致同意该项议案。本次关联交易不构成 《上市公司重大资产重组管理办法》规定的重大资产重组，符合中国证券监督管理 委员会和深圳证券交易所的有关规定，无需提交股东大会审议。 证券代码：300435 证券简称：中泰股份 公告编号：2025-040 杭州中泰深冷技术股份有限公司 关于控股孙公司拟与 ...

一、 审议通过《关于控股孙公司拟与韩国合资公司开展原料气供应业务暨 关联交易的议案》 杭州中泰深冷技术股份有限公司 第五届监事会第十六次会议决议的公告 本公司及监事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 杭州中泰深冷技术股份有限公司（以下简称"公司"）第五届监事会第十六 次会议于2025年9月11日在杭州市富阳区东洲街道高尔夫路228号公司研发楼会 议室以现场与通讯结合的方式召开，本次监事会会议经全体监事一致同意豁免会 议通知期限要求，与会的各位监事已知悉与所议事项相关的必要信息。本次会议 应出席监事3名，实际出席会议监事3名。本次会议由监事会主席高云先生主持， 会议的召开和表决程序符合《中华人民共和国公司法》和《公司章程》的有关规 定。经与会监事认真审议本次会议议案并表决，形成本次监事会决议如下： 证券代码：300435 证券简称：中泰股份 公告编号：2025-039 本次交易经监事会审核同意并发表如下审核意见：该交易是公司正常经营所 需。本次关联交易是在公平、平等、互利的基础上进行的，遵循了公平、公允的 原则，关联交易决策及表决程序符合法律、法规及《公司章程》 ...