证券代码：600982 证券简称：宁波能源 公告编号：2025-068 债券代码:242520.SH 债券简称:GC甬能Y1 宁波能源集团股份有限公司关于2025年11月对外提供担保的进展公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 至公告披露日，公司对金通租赁的担保余额为93,422.55万元，占公司最近一期经审计净资产（归母所有 者权益）的比例为21.53%，担保金额及担保余额在2024年年度股东会授权范围内。 重要内容提示： ● 担保对象及基本情况 ■ ● 累计担保情况 ■ 一、担保情况概述 （一）担保的基本情况 近日，宁波能源集团股份有限公司（以下简称"宁波能源"或"公司"）签订担保协议，为宁波金通融资租 赁有限公司（以下简称"金通租赁"）提供合计44,390万元人民币的连带责任保证。 上述担保事项具体情况如下： ■ （二）内部决策程序 公司第八届董事会第二十七次会议及2024年年度股东会均审议通过了《关于公司年度担保预计的议 案》，具体详见公司2025年4月22日、2025年5月14日于上海证券交易所网站（w ...

Group 1 - The company will hold its third extraordinary general meeting of shareholders on December 22, 2025, at 14:30 in Taiyuan, Shanxi Province [2][10][44] - The voting method for the meeting will combine on-site and online voting through the Shanghai Stock Exchange's system [3][4][7] - Shareholders must register for the meeting between December 18 and 19, 2025, and can authorize a representative to attend [13][14] Group 2 - The company plans to repurchase its A-shares with a total amount between RMB 30 million and RMB 50 million [18][22] - The repurchase price will not exceed RMB 2.50 per share, which is 150% of the average trading price over the last 30 trading days prior to the board's decision [20][32] - The repurchased shares will be used for cancellation to reduce the company's registered capital [25][31] Group 3 - The repurchase will be funded by the company's own and self-raised funds [19][33] - The repurchase period will last for 12 months from the date of shareholder approval [28][42] - The company has no plans for share reductions by major shareholders in the next three to six months [22][35]

Core Viewpoint - The article discusses the economic stimulus plan introduced by Prime Minister Kishi Sanae, which is expected to weaken the yen and increase inflationary pressures in Japan. The combination of expansive fiscal policy and tight monetary policy may lead to risks of a reversal in carry trade, necessitating caution regarding the divergence in monetary policies between the Bank of Japan and the Federal Reserve [2][8]. Group 1: Economic Stimulus Plan - Kishi Sanae's economic stimulus plan amounts to 21.3 trillion yen (approximately 135 billion USD), slightly exceeding market expectations of 17 trillion yen. The fiscal deficit rate for Japan is projected to rise significantly in 2026 [3][9]. - The stimulus plan focuses on three main areas: 55% for inflation subsidies and social welfare (11.7 trillion yen), 34% for strategic industry investments (7.2 trillion yen), and 8% for defense and diplomacy (1.7 trillion yen) [3][15]. Group 2: Impact on GDP and Inflation - The expansive fiscal policy may raise Japan's GDP growth by 0.5 percentage points in 2026, which is lower than the contributions expected from the US (0.6 points) and Germany (0.63 points). The fiscal deficit rate is expected to increase by 1.77 percentage points in Japan, compared to 1.0 points in the US and 0.84 points in Germany [4][23]. - While the inflation subsidies may temporarily lower the overall CPI growth by 0.7 percentage points in early 2026, they could simultaneously increase core inflation pressures in the medium term due to rising real incomes and a weaker yen [4][29]. Group 3: Risks of Carry Trade Reversal - The combination of high inflation and a weak yen makes it difficult for Kishi's expansive fiscal policy to coexist with the Bank of Japan's loose monetary policy. Recent hawkish signals from the Bank of Japan suggest a potential shift towards interest rate hikes [5][35]. - The divergence between the yen and US dollar interest rates, with the yen reaching a low of 157.9 against the dollar while the US-Japan 2-year interest rate spread narrows to around 2.5%, indicates that the market has priced in risks associated with Japan's fiscal expansion [5][41]. - The current conditions suggest a potential for a reversal in carry trade, although the impact may be milder compared to August 2024. Factors such as net short positions in the yen, the degree of divergence between exchange rates and interest rates, volatility, and triggering conditions should be monitored [5][47].

Group 1: Economic Resilience and New Productive Forces - The conference in Guangzhou focused on the resilience of the Chinese economy and the concept of new productive forces, with participation from domestic and international entrepreneurs sharing their insights on China's economic development [1][4]. - Entrepreneurs emphasized the importance of traditional industries enhancing competitiveness and sustainable development, urging the adoption of new technologies and self-improvement [3][4]. Group 2: Insights from Chinese Entrepreneurs - Cao Dewang, founder of Fuyao Glass, highlighted that traditional manufacturing must maintain confidence and determination to navigate through changing times, noting that Fuyao Glass has become the world's largest automotive glass supplier with nearly 40% of the global market share [3][4]. - He also stressed the social responsibility of enterprises, stating that they should create value for the country and society, exemplified by his establishment of Fuyao University with a 10 billion yuan investment [3]. Group 3: Cultural and Tourism Development - Xie Tieniu, chairman of Zhengjia Group, discussed the essence of tourism as culture, advocating for projects that immerse international audiences in Chinese civilization, aligning with China's 14th Five-Year Plan to build a "tourism powerhouse" [4]. - He proposed a shift in the cultural tourism industry towards valuing cultural spirit and innovative experiences, moving away from reliance on natural scenery and historical sites [4]. Group 4: Foreign Perspectives on China's Economic Growth - Giovanni Di Giovanni, chairman of Eni China, noted that China's strategic decisions in cultivating new productive forces present dual opportunities for the energy sector, emphasizing the transition towards green innovation [5]. - He remarked on China's modernization process providing multinational companies with stable growth opportunities, supported by a large market and unique advantages in the new energy sector [5].

Group 1 - The core viewpoint of the articles highlights the increasing preference for high-dividend assets in the Hong Kong stock market, particularly in the context of low interest rates and economic uncertainty [1][3] - As of November 28, the Hong Kong Dividend Low Volatility ETF (520550) has seen a net inflow of over 34 million, marking a cumulative net inflow of over 840 million since the beginning of the year, with the latest scale reaching nearly 1.2 billion, achieving historical highs in both net inflow and share size [1][3] - The ETF employs a "high dividend + low volatility" dual-factor stock selection strategy, which includes a low management fee of 0.2%, enhancing cost efficiency for investors [3] Group 2 - The ETF's monthly dividend mechanism and T+0 trading feature further improve capital efficiency, making it an attractive option for large institutional investors, including insurance funds [3] - The portfolio structure focuses on mature industries such as finance and energy to provide a safety net, while implementing a 5% weight limit on individual stocks to achieve risk diversification and avoid "dividend traps" [3] - Retail investors can access the ETF through feeder funds (Class A: 024029/Class C: 024030) for investment opportunities [3]

Group 1 - The core viewpoint of the articles highlights the significant growth and potential of private investment in China, driven by relaxed market access and strengthened resource guarantees [1] - In the first ten months of this year, private investment in infrastructure has increased by 4.5% year-on-year, accounting for 22.6% of total infrastructure investment, which is a 1 percentage point increase compared to the same period last year [1] - Over 2,000 projects have attracted private capital participation, with a total investment exceeding 2.6 trillion yuan [1] Group 2 - Private investment is accelerating in new fields and sectors, with the highest private capital share in nuclear power projects in Guangdong reaching 20% [3] - In Henan, 5.3 billion yuan of every 10 billion yuan in private investment this year has been directed towards emerging industries [3] - The private investment in the automotive manufacturing, railway, shipbuilding, aerospace, and other transportation equipment manufacturing sectors has shown double-digit growth in the first ten months [3]

Core Viewpoint - The National Development and Reform Commission (NDRC) has released a notification to expand the scope of infrastructure Real Estate Investment Trusts (REITs) to activate existing assets and promote a virtuous investment cycle [2][5]. Summary by Relevant Sections Expansion of REITs - The NDRC aims to enhance the role of infrastructure REITs in revitalizing existing assets and facilitating investment cycles, in line with national policies for urban high-quality development and consumption stimulation [5][6]. Eligible Project Categories - The notification outlines 15 categories of projects eligible for application, including: 1. **Energy Infrastructure**: Projects in clean energy such as wind, solar, hydro, natural gas, biomass, and nuclear power, as well as energy storage and flexible coal power projects [9]. 2. **Transportation Infrastructure**: Includes toll roads, railways, airports, and ports [9]. 3. **Municipal Infrastructure**: Covers urban water supply, gas, heating projects, and parking facilities [10]. 4. **Ecological and Environmental Infrastructure**: Involves urban sewage and waste treatment facilities [10]. 5. **Logistics Infrastructure**: Warehousing services including general and specialized cold storage [10]. 6. **Park Infrastructure**: Facilities in free trade zones and national-level development zones [10]. 7. **New Infrastructure**: Projects related to data centers, AI, 5G, and smart city initiatives [10]. 8. **Rental Housing**: Projects for affordable and public rental housing in major cities [11]. 9. **Water Conservancy Facilities**: Projects with water supply and power generation functions [12]. 10. **Cultural and Tourism Infrastructure**: Projects related to national heritage and major tourist attractions [12]. 11. **Consumer Infrastructure**: Includes shopping centers, community commercial projects, and sports venues [12]. 12. **Commercial Office Facilities**: High-grade office buildings in major cities [13]. 13. **Elderly Care Facilities**: Registered elderly care projects [14]. 14. **Urban Renewal Facilities**: Projects for the renovation of old neighborhoods and factories [14]. 15. **Other Infrastructure Projects**: Projects aligned with national strategic and industrial policies [15]. Project Quality and Compliance - Projects must adhere to the guidelines set forth in previous notifications and should be selected based on quality, with a focus on risk awareness [6][7].

Core Viewpoint - The National Development and Reform Commission (NDRC) has released the "2025 Edition of the Industry Scope List for Real Estate Investment Trusts (REITs) in the Infrastructure Sector," which expands the scope of eligible projects to include various clean energy and infrastructure initiatives [1][2]. Group 1: Energy Infrastructure - The list includes clean energy projects such as wind power, solar power, hydropower, natural gas power, biomass power, and nuclear power [3]. - It also encompasses energy storage facilities, clean and low-carbon flexible coal-fired power projects, ultra-high voltage transmission projects, incremental distribution networks, microgrids, and charging infrastructure [3][4]. - Coal-fired power projects must meet specific conditions, such as having a minimum output of 30% of rated load under pure operation conditions or incorporating low-carbon fuels like biomass, hydrogen, or ammonia [3][4]. Group 2: Other Infrastructure Categories - Transportation infrastructure includes toll roads, railways, airports, and port projects [3]. - Municipal infrastructure covers urban water supply, gas supply, heating projects, and parking facilities [3]. - Ecological and environmental infrastructure includes urban sewage and waste treatment facilities, as well as solid waste recycling projects [3]. - Warehousing and logistics infrastructure is defined as facilities providing storage services for a fee, including general warehouses and specialized cold storage [4]. - New infrastructure projects include data centers, AI infrastructure, 5G, communication towers, IoT, industrial internet, broadband networks, smart transportation, smart energy, and smart city projects [4]. - Rental housing projects are specified for major cities, including affordable rental housing and public rental housing [4]. - Water conservancy projects with functions such as water supply and power generation are also included [5]. - Cultural tourism infrastructure encompasses natural cultural heritage sites and national AAAAA and AAAA level tourist attractions [5]. - Consumer infrastructure includes various commercial projects such as department stores, shopping centers, and community commercial projects [5].

近半年该股累计上榜龙虎榜5次，上榜次日股价平均涨2.62%，上榜后5日平均跌3.78%。 资金流向方面，今日该股主力资金净流出1626.62万元，其中，特大单净流出2481.26万元，大单资金净 流入854.65万元。近5日主力资金净流入2.14亿元。（数据宝） 滨海能源今日下跌9.92%，全天换手率23.44%，成交额9.35亿元，振幅11.08%。龙虎榜数据显示，机构 净卖出4057.66万元，营业部席位合计净买入5449.65万元。 深交所公开信息显示，当日该股因日跌幅偏离值达-10.95%上榜，机构专用席位净卖出4057.66万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交2.60亿元，其中，买入成交额为1.37亿 元，卖出成交额为1.23亿元，合计净买入1391.99万元。 具体来看，今日上榜的营业部中，共有3家机构专用席位现身，即卖一、卖三、卖四，合计买入金额 3372.84万元，卖出金额7430.50万元，合计净卖出4057.66万元。 （文章来源：证券时报网） 滨海能源12月1日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | ...

Core Viewpoint - The National Development and Reform Commission (NDRC) has issued the "Industry Scope List for Real Estate Investment Trusts (REITs) in the Infrastructure Sector (2025 Edition)", expanding the scope of projects eligible for REITs to include various clean energy and infrastructure projects [1][2]. Group 1: Project Categories - The eligible project categories include: 1. **Transportation Infrastructure**: Toll roads, railways, airports, and port projects [4]. 2. **Energy Infrastructure**: Clean energy projects such as wind, solar, hydro, natural gas, biomass, and nuclear power; energy storage facilities; and flexible, low-carbon coal power projects [4]. 3. **Municipal Infrastructure**: Urban water supply, gas, heating projects, and parking facilities [4]. 4. **Environmental Protection Infrastructure**: Urban sewage and waste treatment facilities, hazardous waste treatment, and solid waste recycling projects [4]. 5. **Warehouse and Logistics Infrastructure**: Warehouses providing storage services, including general and cold storage [4]. 6. **Park Infrastructure**: R&D platforms, industrial plants, and incubators located in free trade zones and national-level development zones [5][6]. 7. **New Infrastructure**: Data centers, AI infrastructure, 5G, communication towers, IoT, and smart city projects [6]. 8. **Rental Housing**: Affordable rental housing projects in major cities, public rental housing, and market-oriented rental housing for enterprises [7]. 9. **Water Conservancy Facilities**: Projects with water supply and power generation functions [7]. 10. **Cultural and Tourism Infrastructure**: Projects related to natural and cultural heritage, including tourism hotels within designated areas [7]. 11. **Consumer Infrastructure**: Urban commercial projects such as shopping centers, markets, and sports venues [7]. Group 2: Project Quality and Submission - Projects must adhere to strict quality standards and risk awareness during the application process, emphasizing the importance of high-quality project submissions [2]. - The NDRC will revise the list and project submission requirements as needed to better support the development of the real economy [2].