证券之星消息，2025年8月18日韶能股份（000601）发布公告称华源证券研究所蔡思于2025年8月15日调 研我司。 具体内容如下： 以下内容就华源证券研究所的提问而形成。问：公司披露半年报后，目前业务板块经营情况如何？下半 年如何规划重点工作？ 除上述业务外，公司生物质能发电企业在上半年实现营业收入同比增长114.11%的基础上，将继续采取 有效措施，保持良好的发展势头；精密(智能)制造业务方面，公司在保持上半年良好经营局面的基础 上，将主要做好以下工作一是继续开发新业务，提高新能源汽车零部件业务的营收占比；二是抓住与重 点高校、行业企业联合开发机器人减速器的机遇，拓展新业务；三是持续开展降本增效工作，对标行业 先进水平，优化降本。 下半年具体的重点工作请自行查阅公司于2025年8月5日在巨潮资讯网披露的2025年半年度报告全文。总 之，公司将积极主动应对努力做好生产经营工作，采取多项有效措施，促使部分业务经营成果同比改善 或保持良好发展趋势。 问：公司生物质能发电业务应收账款进展如何？ 答：2024年，公司收到以前年度生物质发电业务应收账款的部分款，2024年末与2023年末相比生物质发 电应收账款余 ...

Group 1: Business Performance Overview - In the first half of the year, the company's overall performance declined due to reduced rainfall affecting hydropower and changes in foreign trade policies impacting paper tableware sales [2] - From July to mid-August, there was an improvement in business performance, particularly in hydropower and ecological paper tableware sectors, with significant revenue growth compared to June [2][3] - The biomass power generation segment achieved a revenue increase of 114.11% year-on-year in the first half of the year [3] Group 2: Future Plans and Strategies - The company plans to focus on three major initiatives: brand building, market expansion, and internationalization, while also working on cost reduction and efficiency improvement [2] - A new wholly-owned subsidiary, Guangdong Shaoneng Calculation and Electricity Integration Investment Co., Ltd., was established with a registered capital of 300 million yuan to engage in calculation and electricity integration business [5] - The company aims to develop a data center cluster project in Shaoguan, leveraging its experience in clean renewable energy to enhance profitability and support the growth of the computing power industry [5][6] Group 3: Accounts Receivable and Financial Management - By the end of 2024, the balance of accounts receivable from biomass power generation decreased by 31.56% compared to the end of 2023, with over 60 million yuan collected in early August 2025 [4] - The company is actively following up on accounts receivable to improve cash flow [4] Group 4: Project Development and Challenges - The calculation and electricity integration project is set to begin construction in 2026, with the first phase expected to be operational by the end of 2027, although specific timelines remain uncertain [6] - The project requires support from energy regulatory authorities and the power grid company, with some supportive documents already obtained [6]

据证券之星公开数据整理，近期韶能股份（000601）发布2025年中报。截至本报告期末，公司营业总收 入23.35亿元，同比上升6.95%，归母净利润9590.3万元，同比下降42.43%。按单季度数据看，第二季度 营业总收入12.27亿元，同比下降0.02%，第二季度归母净利润7774.0万元，同比下降45.45%。本报告期 韶能股份公司应收账款体量较大，当期应收账款占最新年报归母净利润比达2700.47%。 本次财报公布的各项数据指标表现一般。其中，毛利率16.02%，同比减27.73%，净利率4.55%，同比减 42.92%，销售费用、管理费用、财务费用总计2.4亿元，三费占营收比10.28%，同比减9.8%，每股净资 产3.79元，同比减8.0%，每股经营性现金流0.06元，同比减93.44%，每股收益0.09元，同比减41.18% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 21.83亿 | 23.35亿 | 6.95% | | 归母净利润(元) | 1.67亿 | 9590.3万 | -42.43 ...

（2）公司水电企业设备运行可靠性高，水能利用率高、营业利润率较高。 （3）公司水电站全部在2010年以前建成投产，随着运行时间的推移，贷款偿还 后利息负担越来越轻，有利于提升经营效益。 广东韶能集团股份有限公司 2025 年半年度报告全文 （4）根据《关于进一步做好新增可再生能源消费不纳入能源消费总量控制有关 工作的通知》规定，水电属于可再生能源，不纳入能源消费总量。 广东韶能集团股份有限公司 2025 年半年度报告全文 广东韶能集团股份有限公司 二○二五年半年度报告 GuangDong ShaoNeng Group Co., Ltd. 广东韶能集团股份有限公司 2025 年半年度报告全文 广东韶能集团股份有限公司 2025 年半年度报告全文 管理人员保证半年度报告内容的真实、准确、完整，不存在虚假记 载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 会计机构负责人欧阳旭春先生声明：保证 2025 年半年度报告中财 务报告真实、完整。 审计委员会委员、高级管理人员对半年度报告提出异议。 管理层讨论与分析中"公司可能面临的风险和应对措施"的相关内 容，关于对未来计划等前瞻性陈述，不构成公司对投资者的实质承 ...

Group 1: Business Performance and Financials - The company achieved a net profit of 76.70 million yuan in 2024, representing a year-on-year increase of 128.83% [5] - In Q1 2025, the net profit attributable to shareholders was 18.16 million yuan [5] - The asset-liability ratio at the end of 2024 was 63.61%, a decrease of 1.12 percentage points from the beginning of the year [3] Group 2: Investment Activities - The net cash outflow from investment activities in 2024 was -570 million yuan, an increase of 207 million yuan compared to the previous year [4] - Major investment projects included distributed photovoltaic power generation and the X3T new energy vehicle gear project, with a total investment of approximately 330 million yuan in 2024, expected to generate a combined annual net profit of about 28 million yuan [4] Group 3: Strategic Initiatives - The company is actively expanding its non-U.S. and domestic markets in the eco-friendly paper tableware business to counteract the impact of foreign trade policies [2] - In the precision (intelligent) manufacturing sector, the company plans to enhance its new energy vehicle parts business, aiming to increase revenue share and expedite production of new projects [5] - The company is committed to increasing R&D investment and developing digital, high-end, and green production lines to improve product specialization and innovation capabilities [5] Group 4: Future Outlook - The company is optimistic about the future development of its three main business segments, as detailed in the management discussion and analysis section of the 2024 annual report [5]