SHIMAO ENERGY(SH:605028) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-04 08:36Core Viewpoint - The company reported a decline in financial performance for the first three quarters of 2025, with a focus on future industry development prospects in the context of global carbon neutrality and energy transition initiatives [2][4]. Financial Performance - For the first three quarters of 2025, the company achieved operating revenue of 234.99 million yuan, a year-on-year decrease of 12.38% - The net profit attributable to the parent company was 117.16 million yuan, down 5.89% year-on-year - The net profit after deducting non-recurring gains and losses was 78.53 million yuan, a significant decline of 29.51% year-on-year, primarily due to decreased demand from surrounding heating users and a drop in steam sales volume [2][4]. Industry Development Outlook - The company highlighted several key points regarding the future of the industry: 1. Promotion of clean and efficient coal utilization and acceleration of green and low-carbon energy transition 2. Development of new productive forces and transformation of renewable energy towards combined heat and power generation 3. Construction of a new power system to achieve clean and low-carbon energy transition [3][4]. Company Operations and Strategy - The company operates as a combined heat and power generation enterprise, primarily using municipal waste and coal as raw materials to provide industrial steam and electricity - The company emphasizes technological innovation and management model innovation to reduce costs and improve efficiency, aiming for high-quality development while ensuring safe and environmentally friendly production [5]. Shareholder Information - As of the end of the third quarter of 2025, the company had a total of 9,804 shareholders [4].