证券之星消息，2月27日山东国企改革板块较上一交易日上涨1.17%，水发燃气领涨。当日上证指数报 收于4162.88，上涨0.39%。深证成指报收于14495.09，下跌0.06%。山东国企改革板块个股涨跌见下 表： 从资金流向上来看，当日山东国企改革板块主力资金净流出4.22亿元，游资资金净流出2.08亿元，散户 资金净流入6.3亿元。山东国企改革板块个股资金流向见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 ...

Group 1: Rare Earth and Tungsten Industry - The company is one of the six major rare earth groups in the country, having completed the integration of rare earth resources in Fujian Province [2] - The company possesses a complete tungsten industry chain, with significant competitive advantages in tungsten mining, smelting, powder, wire materials, and hard alloy deep processing [2] - The company is the first in China to develop and produce ITER filter tungsten probe components for nuclear fusion devices, capable of precision machining large-sized ITER-grade tungsten materials [2] Group 2: Data Center and AI Computing - The company is planning to acquire a stake in Xiantian Computing and aims to leverage it to acquire control of Zhengzhou Heying, which focuses on third-party large-scale data center operations [3] - The company is collaborating with Alibaba Cloud to jointly invest 15.8 billion yuan in building a cloud computing data center in Zhejiang [3] - The company has established a large data center in Xinjiang Hami, with a total computing power exceeding 80,000 P [3] Group 3: Power and Energy Sector - The company has acquired Honghe Power, a major thermal power plant in southern Yunnan, with a certified installed capacity of 1,300 MW [5] - The company is a leading player in the composite insulator market for high-voltage transmission lines, with a net profit growth of 177.52% year-on-year [5] - The company is expected to achieve a profit of 300 million to 360 million yuan by 2025, marking a turnaround from previous losses [5] Group 4: Semiconductor and AI Technology - The company has developed a low-code platform that integrates AI capabilities and has been applied in various sectors including power, aerospace, and manufacturing [4] - The company is a leading domestic player in crystal oscillators, with products applicable in optical communication and navigation systems [4] - The company has launched a series of AI products and is involved in the construction of AI computing centers across the country [4] Group 5: Renewable Energy and Materials - The company is a leader in the photovoltaic aluminum frame market, with a global market share exceeding 18% [5] - The company is investing 600 million yuan to build a project for producing 10,000 tons of iron phosphate battery precursor materials annually [8] - The company has established a comprehensive lithium battery supply chain, including mining, selection, and processing of lithium carbonate [8]

水发燃气、德龙汇能双双涨停，新奥股份、九丰能源、凯添燃气、长春燃气等跟涨。 ...

融券方面，水发燃气2月25日融券偿还0.00股，融券卖出0.00股，按当日收盘价计算，卖出金额0.00元； 融券余量0.00股，融券余额0.00元，低于近一年50%分位水平，处于较低位。 2月25日，水发燃气跌0.28%，成交额5678.16万元。两融数据显示，当日水发燃气获融资买入额845.73 万元，融资偿还561.56万元，融资净买入284.18万元。截至2月25日，水发燃气融资融券余额合计1.42亿 元。 融资方面，水发燃气当日融资买入845.73万元。当前融资余额1.42亿元，占流通市值的4.29%，融资余 额超过近一年70%分位水平，处于较高位。 分红方面，水发燃气A股上市后累计派现1.31亿元。近三年，累计派现7207.41万元。 机构持仓方面，截止2025年9月30日，水发燃气十大流通股东中，金元顺安元启灵活配置混合 （004685）位居第八大流通股东，持股213.11万股，为新进股东。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina ...

Core Viewpoint - Water Development Gas recently announced multiple capital operation and guarantee matters, while also disclosing a projected loss for 2025 [1][2] Recent Events - On February 13, 2026, Water Development Gas held a board meeting and approved a proposal to replace self-raised funds and issuance costs with raised funds, totaling 448 million yuan [2] - On the same day, the company completed a private placement of 95.60229 million shares at a price of 5.23 yuan per share, raising approximately 490 million yuan to repay interest-bearing debts [2] - On February 14, the company disclosed a guarantee announcement, providing a total guarantee of 802 million yuan for its controlling subsidiary, which accounts for 53.93% of the latest audited net assets, with no overdue guarantees [2] Stock Performance - As of the close on February 13, 2026, Water Development Gas's stock price was 6.94 yuan, down 1.98% for the day and a cumulative decline of 2.25% over the past five days [3] - The trading volume was 48.18 million yuan, with a turnover rate of 1.50% and a net outflow of 10.93 million yuan from main funds [3] - The technical analysis indicates the stock is in a fluctuation range, with a 20-day Bollinger Bands resistance at 7.26 yuan and support at 6.90 yuan [3] Financial Report Analysis - On January 20, 2026, the company released its 2025 annual performance forecast, expecting a net loss attributable to shareholders of 72 million to 108 million yuan, a shift from profit to loss year-on-year [4] - The loss is primarily due to a decline in LNG prices and weak urban gas demand, leading to decreased profitability in core business, along with a provision for litigation liabilities of 49.91 million yuan [4] - The 2025 mid-year report showed revenue of 1.189 billion yuan, a year-on-year decrease of 7.40%, with a net loss attributable to shareholders of 61.057 million yuan [4] - Despite improved operating cash flow, there are still risks related to declining gross margins and litigation uncertainties [4] Institutional Views - Institutional sentiment is neutral, with no recent rating adjustments [5] - As of February 11, 2026, the stock price is considered to be in a reasonable range based on fundamental dimensions, with a relatively weak competitive moat in the industry and average profitability, but good future revenue growth potential [5] - Institutional research frequency is low, and market attention is moderate [5]

Core Viewpoint - Water Development Gas announced that as of the date of the announcement, the total external guarantees provided by the company and its controlling subsidiaries amount to RMB 81,237.68 million, which represents 54.60% of the company's most recent audited net assets [2] Group 1 - The total guarantees provided to controlling subsidiaries amount to RMB 80,237.68 million, accounting for 53.93% of the company's most recent audited net assets [2] - The company has not provided any guarantees to its controlling shareholders, actual controllers, or their related parties [2] - All guarantees mentioned are not overdue [2]

水发派思燃气股份有限公司 向特定对象发行股票发行情况报告书 证券代码：603318 证券简称：水发燃气 水发派思燃气股份有限公司 （注册地址：辽宁省大连经济技术开发区振鹏工业城 73#） 向特定对象发行股票 发行情况报告书 保荐人（主承销商） （山东省济南市高新区经十路 7000 号汉峪金融商务中心五区 3 号楼） 全体非董事高级管理人员签字： 二〇二六年二月 水发派思燃气股份有限公司 向特定对象发行股票发行情况报告书 发行人全体董事、高级管理人员声明 本公司全体董事、高级管理人员承诺本发行情况报告书的内容不存在虚假 记载、误导性陈述或重大遗漏，并对其真实性、准确性、完整性承担相应的法 律责任。 曾启富 张万青 于颖 水发派思燃气股份有限公司 年 月 日 2 全体董事签字： 朱先磊 闫凤蕾 李启明 穆鹍 张增军 黄加峰 朱仁奎 刘毅军 王华 | 发行人全体董事、高级管理人员声明 2 | | --- | | 目录 3 | | 释义 4 | | 第一节 本次发行的基本情况 5 | | 一、本次发行履行的相关程序 5 | | 二、本次发行概要 7 | | 三、本次发行对象的基本情况 8 | | 四、本次发行的相关机 ...

提示性公告 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 承担个别及连带责任。 水发派思燃气股份有限公司（以下简称"公司"）向特定对 象发行股票（以下简称"本次发行"）的发行承销总结相关文件 已经上海证券交易所备案通过，公司将依据相关规定尽快办理本 次发行新增股份的登记托管事宜。 本次发行的具体情况详见公司同日在上海证券交易所网站 （www.sse.com.cn）披露的《水发派思燃气股份有限公司向特定 对象发行股票发行情况报告书》及相关发行文件。 特此公告。 水发派思燃气股份有限公司董事会 2026 年 2 月 14 日 — 1 — 证券代码：603318 证券简称：水发燃气 公告编号：2026-009 水发派思燃气股份有限公司 关于向特定对象发行股票发行情况的 ...

关于水发派思燃气股份有限公司 以募集资金置换预先投入募投项目自筹资 金和已支付发行费用的鉴证报告 致同会计师事务所（特殊普通合伙） 目 录 以募集资金置换预先投入募投项目自筹资金和已支付发行费用 的鉴证报告 以募集资金置换预先投入募投项目自筹资金和已支付发行费用 的专项说明 1-3 致同会计师事务所（特殊普通合伙） 中国北京朝阳区建国门外大街 22 号 赛特广场 5 层邮编 100004 电话 +86 10 8566 5588 传真 +86 10 8566 5120 www.grantthornton.cn 关于水发派思燃气股份有限公司以募集资金置换预先投入 募投项目自筹资金和已支付发行费用的鉴证报告 致同专字（2026）第 210A000942 号 水发派思燃气股份有限公司董事会： 我们审核了后附的水发派思燃气股份有限公司（以下简称水发燃气公司） 截至 2026 年 02 月 13 日《以募集资金置换预先投入募投项目自筹资金和已支 付发行费用的专项说明》。按照中国证券监督管理委员会《上市公司募集资 金监管规则》及《上海证券交易所上市公司自律监管指引第 1 号—规范运作》 的要求编制《以募集资金置换预先投入募 ...

上海市锦天城律师事务所 关于水发派思燃气股份有限公司 2023 年度向特定对象发行股票 之 发行过程和认购对象合规性的 法律意见书 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于水发派思燃气股份有限公司 2023 年度向特定对象发行股票 之 发行过程和认购对象合规性的 法律意见书 致：水发派思燃气股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受水发派思燃气股份有限公 司（以下简称"公司"或"上市公司"、"发行人"、"水发燃气"）的委托，担任上市 公司 2023 年度向特定对象发行股票（以下简称"本次发行"）的专项法律顾问。 地址：上海市浦东新区银城中路 501 号上海中心大厦 9/11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 为出具本法律意见书，本所律师根据有关法律、行政法规、规范性文件的规 定和本所业务规则的要求，本着审慎性及重要性原则对本次发行的发行过程和认 购对象的合规性有关的文件资料和事实进行了核查和验证。 对本法律意见书，本所律师作出如下声明： 1、本所律师在工作过程中，已得到发行人的保证：即公司业已向本所律师 提供 ...