2025年09月12日，南网能源2025年半年度网上业绩说明会在全景网顺利举行。出席本次业绩说明会的人 员有董事长宋新明、总经理叶刚健、独立董事吕晖、总会计师卢宏彬、董事会秘书张恒阁。 根据全景数据后台统计，在今天的交流过程中，来自全国多个省、市地区的投资者共向上市公司提问27 个，公司嘉宾共回答问题27个，答复率100.00%，充分实现了上市公司与投资者的良好互动。 以下为业绩说明会问答实录： 1、问：公司在目前所处的行业是否有竞争力？ 回答： 尊敬的投资者，您好。 我国节能环保产业在经历了多年发展后，实现了由引进模仿逐步转向引 进再开发与集成的突破，目前正在创新、突破与颠覆传统节能环保产业的道路上不断发展，产业发展不 断升级。但目前来看，节能服务行业仍呈现"多而弱"、"小而散"的格局，并且中小企业为主、分布于不 同的行业领域，产业集中度低。 南网能源公司凭借丰富的项目经验、完整的项目建设及管理体系、良 好的品牌形象等综合优势，始终处于节能服务行业领先地位，并在医院、学校、通信、轨道交通等建筑 节能领域形成独特优势，成为了行业中少数能够为客户提供节能服务一揽子解决方案的大型综合能源服 务机构之一。未来，公司 ...

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company achieved a total revenue of 1.603 billion yuan in the first half of 2025, representing a year-on-year increase of 21.1%, and a net profit attributable to shareholders of 214 million yuan, up 4.5% year-on-year, which aligns with market expectations [7] - The company continues to steadily advance its two main businesses: industrial energy conservation and building energy conservation, with respective year-on-year revenue growth of 27.7% and 5.0% in the first half of 2025 [7] - The company is focusing on "deep decarbonization" and leveraging digital and intelligent technologies to create a new energy ecosystem that integrates energy production, storage, transportation, and consumption [7] - The company has upgraded its digital management platform, covering the entire lifecycle of project management, and has successfully managed over 1,100 projects and 2,902 users [7] - The report forecasts net profits attributable to shareholders of 477 million yuan, 557 million yuan, and 675 million yuan for 2025, 2026, and 2027 respectively, with corresponding P/E ratios of 38, 32, and 27 [7] Financial Summary - The total revenue forecast for 2025 is 3.576 billion yuan, with a year-on-year growth rate of 13.36% [1] - The projected net profit for 2025 is 477 million yuan, reflecting a significant year-on-year increase of 920.50% [1] - The earnings per share (EPS) for 2025 is estimated at 0.13 yuan, with a P/E ratio of 37.57 [1]