Core Viewpoint - Fuchun Environmental Protection (002479) reported strong financial performance for the first half of 2025, with significant increases in revenue and net profit compared to the previous year [1] Financial Performance - Total revenue for the first half of 2025 reached 2.496 billion yuan, a year-on-year increase of 13.07% [1] - Net profit attributable to shareholders was 186 million yuan, up 88.87% year-on-year [1] - In Q2 2025, total revenue was 1.373 billion yuan, reflecting a 13.26% increase year-on-year, while net profit for the quarter was 90.64 million yuan, up 13.79% [1] - The gross profit margin was 17.76%, down 2.85% year-on-year, while the net profit margin improved to 9.41%, an increase of 51.3% [1] - Total operating expenses (selling, administrative, and financial) amounted to 129 million yuan, accounting for 5.15% of revenue, a decrease of 28.62% year-on-year [1] Key Financial Ratios - Earnings per share (EPS) doubled to 0.22 yuan, a 100% increase year-on-year [1] - The company's net asset value per share increased by 5.03% to 4.81 yuan [1] - Operating cash flow per share rose by 5.23% to 0.43 yuan [1] Cash Flow and Debt Management - Cash flow from investment activities saw a significant increase of 76.44%, attributed to the receipt of equity transfer payments and compensation [2] - Cash flow from financing activities decreased by 53.83% due to reduced bank loans and financing scale [2] - The company’s cash and cash equivalents to current liabilities ratio stands at 28.1%, indicating a need for attention to cash flow status [2] Business Model and Operations - The company relies heavily on research and development for its performance, necessitating a thorough examination of the underlying drivers [2] - The company has established a total production capacity of 340 MW in its cogeneration business, with ongoing expansion projects expected to add 43 MW [3] - The company is exploring smart power plant technologies to enhance operational efficiency through advanced control systems and data analytics [3]

Core Viewpoint - Hangzhou Thermal Power (605011) reported a decline in revenue and net profit for the first half of 2025 compared to the same period in 2024, indicating challenges in its coal trading and energy sales segments [1][2]. Financial Performance Summary - Total revenue for the first half of 2025 was 1.515 billion yuan, a decrease of 9.69% year-on-year [1]. - Net profit attributable to shareholders was 110 million yuan, down 5.52% year-on-year [1]. - In Q2 2025, total revenue was 873 million yuan, a decline of 4.47% year-on-year, while net profit increased by 2.46% to 73.43 million yuan [1]. - The gross margin was 12.22%, a slight decrease of 0.16% year-on-year, while the net margin improved by 3.29% to 9.05% [1]. - Total operating expenses (selling, administrative, and financial) amounted to 63.046 million yuan, representing 4.16% of revenue, an increase of 33.08% year-on-year [1]. Key Financial Ratios - Earnings per share (EPS) decreased by 3.45% to 0.28 yuan, while the net asset per share increased by 6.31% to 5.94 yuan [1]. - Operating cash flow per share saw a significant increase of 144.02% to 0.62 yuan [1]. Changes in Financial Items - Accounts receivable increased significantly, with a ratio of accounts receivable to net profit reaching 87.59% [1][3]. - Other receivables surged by 698.69% due to undistributed dividends from affiliated companies [2]. - Inventory decreased by 36.42% due to reduced coal in transit [2]. - Construction in progress dropped by 94.13% as a subsidiary's projects were completed [2]. - Financial expenses rose by 30.37% due to decreased interest income [3]. Business Evaluation - The company's return on invested capital (ROIC) was 7.88%, indicating average capital returns, with a historical median ROIC of 10.29% since its listing [3].

序号股东名称持股比例1丹阳中鑫华海清洁能源有限公司100% 天眼查显示，近日，丹阳中鑫华海热力有限公司成立，法定代表人为张景琦，注册资本1000万人民币， 由丹阳中鑫华海清洁能源有限公司全资持股。 经营范围含热力生产和供应；供冷服务；陆地管道运输；工程管理服务；合同能源管理；节能管理服 务；技术服务、技术开发、技术咨询、技术交流、技术转让、技术推广（除依法须经批准的项目外，凭 营业执照依法自主开展经营活动） 企业名称丹阳中鑫华海热力有限公司法定代表人张景琦注册资本1000万人民币国标行业电力、热力、燃 气及水生产和供应业>电力、热力生产和供应业>电力生产地址丹阳市经济开发区贺家路10号企业类型 有限责任公司（自然人投资或控股的法人独资）营业期限2025-8-22至无固定期限登记机关丹阳市政务 服务管理办公室 来源：金融界 ...

每经AI快讯，8月22日，世茂能源(605028.SH)发布风险提示公告，根据中证指数有限公司网站发布的数 据，截至2025年8月22日，公司所属中上协行业分类"D44电力、热力生产和供应业"最新市盈率18.38， 市净率1.6，公司最新市盈率27.53，市净率3.6，公司市盈率、市净率明显高于行业平均水平。 ...

来源：金融界天眼查 天眼查工商信息显示，近日，中煤（平果）新能源有限公司成立，法定代表人为杜兴源，注册资本7000万人民币，经营范围包括发电技术服务、风力发电技 术服务、太阳能发电技术服务等。股东信息显示，该公司由中煤电力有限公司、广西梧州瑞风投资有限公司共同持股。 | | 皇公司 都在用的商业查询工具 | 查老板 查关系 查风险 | | | | | --- | --- | --- | --- | --- | --- | | | 田家中小企业发展千集金旗下机构 | 中煤(平果)新能源有限公司 | × 天眼一下 | 船 应用 · | 商务合作 : | | 基本信息 5 | 法律诉讼 | 经营风险 | 经营信息 | 公司发展 | 知 | | 工商信息 ● | | | | | | | 企业名称 | 中煤(平果)新能源有限公司 | | | | | | 法定代表人 | 杜 杜兴源 | 登记状态 2 | 存续 | | 天眼评分 2 | | | | 成立日期 | 2025-08-20 | | | | 统一社会信用代码 7 | 91451082MAETJ1DN6T | 注册资本 2 | 7000万人民币 | | 实缴资本 | ...

Core Viewpoint - Ningbo Shimao Energy Co., Ltd. experienced a significant stock price fluctuation, with a cumulative increase of 20% over three consecutive trading days, prompting a disclosure regarding abnormal trading conditions [2][4]. Group 1: Stock Trading Abnormalities - The company's stock price increased by a cumulative 20% from August 19 to August 21, 2025, which is classified as an abnormal trading situation according to the Shanghai Stock Exchange rules [2][4]. - The trading volume over the three days reached a turnover rate of 22.07%, exceeding the normal trading rate [2][4]. Group 2: Company Operations and Financial Performance - As of the announcement date, the company's main business operations and external environment have not undergone significant changes compared to previous disclosures [5]. - For the first quarter of 2025, the company reported a revenue of 77.27 million yuan, a year-on-year decrease of 16.14%, and a net profit of 21.85 million yuan, down 35.66% year-on-year, primarily due to a decline in heat sales and an increase in fixed asset depreciation [2][5]. Group 3: Market Position and Valuation - The company's price-to-earnings (P/E) ratio stands at 25.03 and the price-to-book (P/B) ratio at 3.27, both of which are higher than the industry averages of 18.37 for P/E and 1.6 for P/B [2][7].

Core Viewpoint - The company plans to distribute a cash dividend of 0.06 yuan per share (including tax) based on its total share capital as of June 30, 2025, amounting to a total of 24,006,000 yuan (including tax) [1][25][28]. Company Overview - The company has undergone internal adjustments, resulting in the resignation of Xu Jia as the secretary of the board and securities affairs representative, with Liu Xiangjian temporarily assuming these duties [1][2]. - The company held its third board meeting on August 20, 2025, where several key resolutions were passed [4][15]. Financial Data - As of June 30, 2025, the company's distributable profit available to shareholders was 440,355,889.88 yuan, with a net profit attributable to shareholders of 110,274,854.17 yuan [27][28]. - The proposed cash dividend distribution represents 21.77% of the net profit attributable to shareholders for the first half of 2025 [28]. Important Matters - The board and supervisory committee have approved the half-year report and the profit distribution proposal, which will be submitted for shareholder approval [8][21][30]. - The company has reported that it has used 40 million yuan of the raised funds for working capital and has allocated funds for specific projects, including the Zhejiang Anji Tianzi Lake thermal power project [35][37].

Group 1 - The company held its 10th meeting of the 11th Board of Directors on August 20, 2025, with all 9 directors present, and the meeting complied with relevant laws and regulations [2][3][4] - The Board of Directors elected Mr. Wang Jie as the Chairman of the 11th Board, with his term lasting until the end of the current board's term [3][8] - The election results were unanimous, with 9 votes in favor and no votes against or abstentions [4] Group 2 - The company completed the election of a non-independent director, Mr. Wang Jie, during the second extraordinary shareholders' meeting held on August 20, 2025 [7][8] - Mr. Wang Jie will also serve as the Chairman of the Strategic and Sustainable Development Committee, as well as a member of the Nomination Committee and the Compensation and Assessment Committee [7] - The company will update its legal representative to Mr. Wang Jie and will complete the necessary business registration changes [8] Group 3 - Mr. Wang Jie, born in 1973, is a senior engineer with a master's degree in business administration and has held various leadership positions in the energy sector [9]

Group 1 - The company will hold a half-year performance briefing on August 27, 2025, from 09:00 to 10:00 [2][5] - The briefing will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [2][3] - Investors can submit questions from August 20 to August 26, 2025, and the company will address common concerns during the briefing [2][4] Group 2 - The briefing aims to provide a comprehensive understanding of the company's operating results and financial status for the first half of 2025 [2][3] - Key personnel participating in the briefing include the General Manager, Independent Director, Board Secretary, and Financial Officer [4] - After the briefing, investors can access the main content and details of the event through the Shanghai Stock Exchange Roadshow Center [6][7]

（文章来源：证券日报） 证券日报网讯 8月20日晚间，大连热电发布公告称，公司2025年第二次临时股东会审议通过了《关于补 选公司第十一届董事会非独立董事的议案》。 ...