具有价值创造力的清洁能源服务商 证券代码：605090 证券简称：九丰能源 公告编号：2025-044 江西九丰能源股份有限公司 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。 重要内容提示： ? 被担保人名称：广东九丰能源集团有限公司（以下简称"九丰集团"）、东莞 市九丰能源有限公司（以下简称"东九能源"）、东莞市九丰天然气储运有限公司 （以下简称"九丰天然气"）、东莞市九丰化工有限公司（以下简称"九丰化工"）、 新加坡碳氢能源有限公司（以下简称"碳氢能源"）、香港怡丰天然气有限公司（以 下简称"香港怡丰"）、宁波良盈贸易有限公司（以下简称"宁波良盈"）、天津元 拓贸易有限公司（以下简称"天津元拓"），均为江西九丰能源股份有限公司（以下 简称"公司"、"上市公司"或"九丰能源"）合并报表范围内子公司。 ? 本次担保金额：合计人民币 335,000.00 万元。 ? 已实际为上述被担保人提供的担保金额：截至 2025 年 5 月 27 日，公司及子公 司为九丰集团、东九能源、九丰天然气、九丰化工、碳氢能源、香港怡丰、宁波良盈、 ...

Core Insights - The importance of promoting China's green investment under the Belt and Road Initiative (BRI) is emphasized, especially in the context of the current trade war and the U.S. withdrawal from climate change agreements [1] - Developing countries face a significant financing gap for sustainable development, estimated at approximately $4 trillion annually, with BRI countries needing over $10 trillion for green investments to meet climate goals by 2030 [1][2] - China's green investment in BRI countries is expected to create numerous projects, contributing to global green low-carbon transformation [1][2] Group 1: Investment Opportunities - BRI countries possess abundant natural resources for clean energy development, leading to an 868% increase in new energy consumption over the past 30 years, surpassing the global average [2] - Future investments in wind and solar energy projects are anticipated to grow significantly, supported by China's continuous innovation in photovoltaic technology [2] - Emerging sectors such as hydrogen energy, energy storage, and electric vehicles present important growth opportunities for Chinese enterprises [2] Group 2: Financing Constraints - Green investment can alleviate financing constraints for enterprises in BRI countries, with institutions like the Asian Infrastructure Investment Bank providing substantial support [3] - Favorable policies from BRI countries for Chinese enterprises can further ease financial pressures [3] Group 3: Challenges in Green Investment - The lack of unified green standards poses challenges for cross-border investments, complicating the investment landscape for BRI projects [4] - Many BRI countries have underdeveloped sustainable development concepts and face significant economic challenges, including power shortages [5] - Political instability in some BRI countries can introduce risks to green investments, affecting project continuity and increasing the likelihood of defaults [5][6] Group 4: Policy Recommendations - China should engage in the formulation of international green standards and enhance the institutional support for BRI green investments [7] - Optimizing project location decisions and considering the socio-political environment of host countries can mitigate investment risks [8] - Encouraging innovation within Chinese enterprises and establishing technology demonstration zones can facilitate the growth of green investments [8]

Group 1 - The third Chain Expo is set to take place in July, with a strong call for participation from American businesses, highlighting the event's significance amid global trade uncertainties [1] - The Chain Expo aims to address supply chain risks and enhance resilience through deep integration of global supply chains, promoting a collaborative development model [2][3] - The event will feature six major supply chains, including advanced manufacturing, clean energy, and digital technology, emphasizing international cooperation and new business models [2] Group 2 - The Chain Expo has become a crucial platform for businesses to connect and collaborate, with significant participation from ASEAN countries, indicating a focus on building a stable regional supply chain [4] - Since its inception, the Chain Expo has facilitated hundreds of cooperation agreements worth over 300 billion, demonstrating its effectiveness in enhancing business visibility and generating growth [4] - The upcoming expo will showcase innovative products and technologies, reinforcing the importance of open collaboration in driving industry trends and development [6][7]

Core Viewpoint - Chengdu Xinzhu Road & Bridge Machinery Co., Ltd. (hereinafter referred to as "Xinzhu Co.") is planning a significant asset restructuring and related transactions, which are expected to enhance its business focus on clean energy and optimize resource allocation in the Sichuan province [2][5][7]. Group 1: Asset Restructuring Details - Xinzhu Co. intends to resolve the industry competition issue with its controlling shareholder, Shudao Group, by acquiring 60% equity of Sichuan Shudao Clean Energy Group Co., Ltd. (hereinafter referred to as "Shudao Clean Energy") through a combination of share issuance and cash payment [3]. - The company will sell 100% equity of Sichuan Development Maglev Technology Co., Ltd. (hereinafter referred to as "Chuanfa Maglev") and 100% equity of Chengdu Xinzhu Transportation Technology Co., Ltd. (hereinafter referred to as "Xinzhu Transportation") to optimize its asset structure [3]. Group 2: Background and Ownership Changes - In March 2023, Shudao Group became the controlling shareholder of Xinzhu Co. after acquiring 8.6% and 15.9% of the company's shares from Sichuan Development (Holding) Co., Ltd. [4]. - As of May 2023, Shudao Group holds a total of 24.5% of Xinzhu Co.'s shares, while the actual controller remains the Sichuan Provincial State-owned Assets Supervision and Administration Commission [4]. Group 3: Business Focus and Financial Performance - Xinzhu Co. focuses on three main industries: public transportation components, rail transit, and new energy photovoltaic power generation, establishing a business model of "advanced manufacturing + photovoltaic power generation" [4]. - In 2024, Xinzhu Co. achieved revenue of approximately 2.483 billion yuan, with the photovoltaic power generation segment contributing about 647 million yuan, accounting for 26.05% of total revenue and a gross margin of 60.34% [4]. Group 4: Industry Implications and Future Outlook - The restructuring is expected to clarify and focus Xinzhu Co.'s business layout, allowing it to concentrate on developing clean energy, which is seen as a sector with significant growth potential [5][6]. - The establishment of Sichuan Energy Development Group aims to consolidate clean energy assets for better management and operational efficiency, promoting investment in clean energy projects and accelerating the development of the clean energy industry [7].

Core Viewpoint - New筑股份 is planning a significant asset restructuring to address competition issues with its controlling shareholder, 四川蜀道清洁能源集团有限公司, by acquiring a 60% stake in it and divesting certain subsidiaries [1][4][7]. Group 1: Asset Restructuring Details - New筑股份 intends to acquire 60% of 四川蜀道清洁 and sell 100% of 四川发展磁浮科技有限公司 and 新筑交通科技有限公司 [1][4]. - The restructuring aims to eliminate competition between New筑股份 and its controlling shareholder, while also focusing on strengthening its core businesses in轨道交通 and光伏发电 [4][10]. - 四川路桥, a listed company with a market value of 806.5 billion, is involved in the asset transfer process [1][4]. Group 2: Financial Overview - As of the end of 2024, 四川蜀道清洁 has total assets of 308 billion and reported revenue of 1.17 billion with a net profit of 62.34 million [4][8]. - New筑股份 reported total revenue of 2.483 billion last year, with a net loss of 409 million, where轨道交通业务 accounted for over 50% of total revenue [8][10]. - The revenue from the bridge component business, primarily handled by 新筑交科, was 429.9 million, representing 17.94% of New筑股份' total revenue [10]. Group 3: Business Segments - New筑股份 operates in three main business segments:轨道交通,光伏发电, and桥梁功能部件, with the latter being the focus of the divestiture [4][10]. - The company has four main subsidiaries, with two of them being targeted for divestiture in the restructuring plan [8][10]. - The restructuring reflects an internal business reorganization within蜀道集团, which recently became the controlling shareholder of New筑股份 [10][11].

Group 1 - Concerns are rising within one of Europe's largest asset management companies regarding the Republican Party's attempts to repeal key legislation supporting clean energy, which could jeopardize the U.S.'s status as a global investment destination [1][2] - Allianz Global Investors, managing approximately $650 billion in assets, indicates that the U.S. may no longer provide a reliable investment runway as it did a few months ago [1][2] - The House Republicans' recent tax reform bill aims to repeal several incentives from the 2022 Inflation Reduction Act (IRA), potentially disrupting investment strategies based on clean energy transition [1][6] Group 2 - The repeal of the IRA would signify a sharp reversal in U.S. clean technology policy, injecting significant regulatory and political risks into the market, which previously made the U.S. a preferred destination for clean technology capital [2][6] - The recent Republican bill is expected to increase the deficit by trillions, leading to a decline in the S&P 500 index and a rise in the 30-year U.S. Treasury yield to 5.1% [2] - European asset managers, such as Amundi SA, report that clients are reallocating assets away from the U.S. market due to concerns over governance and climate policy regression [5][6] Group 3 - The extreme volatility of U.S. policies is creating uncertainty that affects the entire financial system, while European policies are becoming more coordinated and predictable in addressing energy and resource challenges [5][6] - U.S. asset managers are beginning to allocate more capital to European projects due to the consistency of policies and fundamental demand in Europe [6] - The recent Republican tax and spending bill is viewed as a nightmare for U.S. clean energy advocates and defenders of the Biden-era IRA, with hopes resting on a more cautious Senate to amend the bill [6][9]

Core Viewpoint - The announcement highlights the successful full-capacity grid connection of a 250MW fish-solar complementary photovoltaic project by the subsidiary of the company, which is a significant step in the clean energy layout in the Tangshan Caofeidian area [1] Group 1: Project Details - The project consists of two parts: the 125MW fish-solar complementary guaranteed photovoltaic project and the 125MW fish-solar complementary market-oriented photovoltaic project [1] - The project is expected to positively impact the company's operating performance and enhance overall profit levels [1] Group 2: Clean Energy Capacity - The company has a total installed capacity of 500MW for clean energy projects that have been put into operation, which includes 250MW from onshore wind power and 250MW from photovoltaic power [1] - Future plans include the construction of an additional 950MW of onshore wind power [1]

当全球能源革命浪潮初起之时，一家名为"能环宝"的企业悄然诞生。能环宝作为全球清洁能源综合解决 方案提供者，始终坚守"科技赋能绿色未来"的初心，在光伏电站、储能技术、智慧能源等领域持续深 耕，用九年光阴书写了一部从初创荣光到行业标杆的奋斗史诗。 从2017年到2024年，能环宝荣获的每一座奖杯都镌刻着其在清洁能源赛道上的执着追求，见证着这家企 业如何用技术创新践行行业生态，以卓越服务赢得市场口碑。 2017年，能环宝通过在清洁能源领域的创新探索和初步实践，荣获了中国政法大学"创新实践基地"称 号。这一荣誉如同破晓的曙光，照亮了能环宝在新能源赛道上的前行之路。同年，公司进行了商标注 册，标志着其立足于行业的决心，为后续的发展突破埋下伏笔。 2019年成为能环宝发展历程中的重要转折点。这一年，公司推出的智慧能源集控平台惊艳业界，通过整 合大数据、云计算、物联网等前沿技术，实现了对新能源电站项目的智能化管理。这一创举不仅荣获 2019年度"北极星杯"影响力光伏电站运维品牌，更奠定了能环宝在智慧能源领域的专业实力。同年，能 环宝还荣膺"中关村高新技术企业"称号，并获得了"中关村高新技术企业"的资质，这些荣誉不仅彰显了 ...

Core Viewpoint - Sichuan state-owned assets are actively promoting asset integration, with New筑股份 planning asset sales and share issuance to address competition issues with its controlling shareholder [1][2] Group 1: Asset Restructuring - New筑股份 announced a major asset restructuring plan involving the acquisition of 60% equity in 四川蜀道清洁能源集团有限公司 (蜀道清洁) and the sale of 100% equity in 四川发展磁浮科技有限公司 and 成都市新筑交通科技有限公司 [2][4] - The restructuring aims to resolve competition issues between蜀道清洁 and New筑股份, with the transaction expected to constitute a significant asset restructuring and related party transaction [2][4] - The company is currently in the planning stage of the transaction, which involves issuing shares to purchase assets and may include raising matching funds [1][2] Group 2: Financial Performance - In 2024, New筑股份 is projected to generate revenue of 2.483 billion yuan, with the photovoltaic power generation business contributing 647 million yuan, accounting for 26.05% of total revenue [2] - The photovoltaic business has a gross profit margin of 60.34%, indicating strong profitability in this segment [2] Group 3: Business Operations - New筑股份' photovoltaic power generation business is primarily conducted through its subsidiary, 晟天新能源, which has invested in 22 photovoltaic power stations with a total installed capacity of 1,958.52 MW [3] - As of the end of last year, 1,237.53 MW of this capacity was operational, while 720.99 MW was under construction [3] - The company’s photovoltaic stations are mainly located in regions such as Sichuan, Hunan, Hebei, Shanxi, Gansu, Tibet, and Yunnan, with a focus on centralized power generation [3] Group 4: Shareholder Dynamics -蜀道集团 became the controlling shareholder of New筑股份 after acquiring 24.5% of the shares from 四川发展, which previously held a significant stake [4] - The transfer of shares was completed in mid-May, and蜀道集团 has indicated plans to address the competitive situation through asset restructuring and business adjustments [4]

Core Viewpoint - Foping County in Hanzhong City, Shaanxi Province, is focusing on ecological protection, tourism development, and industrial transformation to achieve high-quality economic growth while enhancing environmental sustainability [1] Group 1: Ecological Protection Initiatives - Foping County is implementing integrated protection and systematic governance of mountains, waters, forests, fields, lakes, grasslands, and deserts, aiming to create a model for beautiful China [2] - The county has established a comprehensive management mechanism for ecological protection, addressing 32 issues identified by ecological environment inspections [2] - The forest coverage rate in the county has increased to 91.2%, with all historical mining sites undergoing ecological restoration [2][3] Group 2: Water and Air Quality Management - Foping County is advancing a three-year action plan for water management, achieving stable water quality at Class II or above [2] - The county aims for an air quality improvement rate of 98.6% by 2024 through pollution prevention measures and monitoring [2] Group 3: Biodiversity Conservation - A collaborative mechanism for biodiversity protection has been established, focusing on the conservation of species such as the giant panda, with successful breeding and rescue programs [3] Group 4: Economic Transformation and Development - Foping County is leveraging its natural resources to develop new productive forces and explore five pathways for realizing the value of ecological products [4] - The tourism sector is being enhanced through new business models, with an annual growth rate of over 22% in comprehensive tourism revenue [4] - The county is developing green energy projects, including pumped storage and photovoltaic power generation, to create a new energy system [4][5] Group 5: Aquaculture and Digital Economy - Foping County is expanding its cold-water fish farming industry, becoming the largest cold-water fish export county in Northwest China [5] - The county is enhancing its digital infrastructure and e-commerce capabilities, with a projected 16.57% increase in e-commerce transaction volume in 2024 [6]