证券日报网讯2月13日，佛燃能源（002911）发布公告称，公司无逾期担保贷款，无涉及诉讼的担保金 额及因担保而被判决败诉而应承担的损失金额。 ...

证券代码：002911 证券简称：佛燃能源 公告编号：2026-009 佛燃能源集团股份有限公司 关于为子公司提供担保的进展公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、担保情况概述 佛燃能源集团股份有限公司（以下简称"公司"）分别于 2025 年 3 月 21 日、2025 年 4 月 11 日召开的第六届董事会第十七次会议、2024 年年度股东大会 审议通过了《关于公司 2025 年度向子公司提供担保的议案》，其中同意公司为 全资子公司佛燃能源（海南）有限公司下属全资子公司新加坡华源能国际能源贸 易有限公司（以下简称"新加坡华源能"）提供总计不超过人民币(或等值外币） 100,000 万元的担保额度（不含新加坡华源能开展套期保值业务的担保额度）。 具体内容详见公司于 2025 年 3 月 22 日刊登在《证券时报》《中国证券报》《证 券日报》《上海证券报》和巨潮资讯网（http://www.cninfo.com.cn）上的《关 于 2025 年度向子公司提供担保的公告》（公告编号：2025-027）。 二、担保进展情况 近日，公司与交通银行股份有限 ...

证券之星消息，2月10日，深证国企股东回报R（470064）指数报收于2441.55点，跌0.46%，成交280.0 亿元，换手率0.99%。当日该指数成份股中，上涨的有14家，中原传媒以2.71%的涨幅领涨，下跌的有 33家，佛燃能源以2.76%的跌幅领跌。 深证国企股东回报R（470064）指数十大成份股详情如下： 资金流向方面，深证国企股东回报R（470064）指数成份股当日主力资金净流出合计17.76亿元，游资资 金净流入合计5.7亿元，散户资金净流入合计12.06亿元。成份股资金流向详情见下表： 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。 ...

Investment Rating - The report maintains an "Accumulate" rating for the gas industry [1] Core Views - The report highlights a warming trend in temperatures leading to a decline in gas prices in Europe and the US, while domestic gas prices remain stable [1][9] - It emphasizes the overall supply being relaxed, with domestic gas prices decreasing by 2.0% week-on-week [26] - The report suggests that the pricing mechanism is being rationalized, and demand is expected to increase [1] Price Tracking - As of February 6, 2026, the week-on-week changes in gas prices are as follows: US HH down 31.5%, European TTF down 11%, East Asia JKM down 3.6%, China LNG ex-factory down 2%, and China LNG CIF down 11.6% [9][10] - The report notes that the average gas consumption in Europe for the first ten months of 2025 was 349.5 billion cubic meters, a year-on-year increase of 4.6% [15] Supply and Demand Analysis - The report indicates that the US natural gas market price decreased by 31.5% week-on-week due to a high base, with storage levels at 28,230 billion cubic feet, a year-on-year increase of 9.8% [14] - In Europe, gas supply decreased by 5.2% week-on-week, with a notable drop in gas-fired power generation output by 10.9% week-on-week [15] - Domestic gas consumption for 2025 is projected to increase by 2.3% year-on-year to 433.2 billion cubic meters, attributed to warmer winter conditions affecting heating gas demand [26] Pricing Progress - The report states that 68% of cities have implemented residential pricing adjustments, with an average increase of 0.22 yuan per cubic meter [40] - The report anticipates continued pricing adjustments and improvements in profitability for city gas companies [40] Investment Recommendations - The report recommends focusing on companies that can optimize costs and benefit from the ongoing pricing adjustments, such as Xin'ao Energy, China Resources Gas, and Kunlun Energy [1] - It also suggests monitoring companies with quality long-term contracts and flexible scheduling capabilities, such as Jiufeng Energy and Xin'ao Co. [1] - The report highlights the importance of energy independence and recommends companies with gas production capabilities, such as Shouhua Gas [1]

Investment Rating - The industry investment rating is "Buy" [2] Core Insights - The thermal power sector shows strong performance with stable capacity pricing contributing to profitability [1] - The average earnings growth for 31 public utility companies is projected to increase by 28% year-on-year for 2025, with notable growth from thermal power companies [7] - The introduction of a new capacity pricing mechanism is expected to enhance revenue for thermal power plants, with an estimated increase of 0.016 CNY per kWh in 2026 compared to 2025 [17][21] - The shift towards capacity and auxiliary service revenues is redefining the profitability model for thermal power, moving away from traditional energy pricing [7] Summary by Sections 1. 2025 Earnings Forecast - 31 companies reported earnings forecasts, with significant growth from thermal power companies such as Jinkong Power (+446%), Jiantou Energy (+253%), and Jingneng Power (+104%) [15] - Water power companies like Qianyuan Power saw a nearly 175% increase, while leading hydropower company Yangtze Power maintained a steady 5% growth [15] 2. Capacity Pricing Mechanism - The new capacity pricing mechanism will raise the standard to at least 165 CNY per kW per year, with some provinces like Gansu and Yunnan increasing it to 330 CNY per kW per year [17][21] - The overall capacity compensation market is projected to reach 188 billion CNY in 2026, significantly boosting thermal power revenue [21] 3. Industry Trends - The report highlights a transition in the thermal power sector towards a model that emphasizes capacity and auxiliary services, which are becoming core profit sources [7] - The focus on market capitalization management and dividend commitments from companies like Guodian Power is expected to enhance the valuation of thermal power assets [7] 4. Recent Policy Developments - Recent announcements regarding local electricity pricing mechanisms indicate a trend towards more competitive pricing structures in the market [25][26] - The implementation of new trading rules in various provinces aims to stabilize and enhance the efficiency of electricity markets [25][26] 5. High-Frequency Data Tracking - Recent data shows stable coal prices at Qinhuangdao, with a slight decrease in inventory levels at northern ports [31] - The report notes fluctuations in natural gas prices, with domestic prices remaining higher than at the beginning of the year while international prices have shown volatility [31]

佛燃能源涨0.69%，报14.69元/股，股价再创新高，总市值突破190.73亿元，成交额达876.11万元。（AI 生成） ...

格隆汇2月4日丨佛燃能源(002911.SZ)涨1.47%，报14.470元，股价创历史新高，总市值187.88亿元。 ...

证券日报网讯2月3日，佛燃能源（002911）在互动平台回答投资者提问时表示，截至2026年1月30日， 公司的股东人数为1.7万余户。 ...

Investment Rating - The report maintains an "Overweight" rating for the public utilities and gas distribution sectors [5] Core Insights - The report predicts a moderate growth in China's manufacturing natural gas demand from 2026 to 2028, with an average annual growth rate of 2%. The demand will be characterized by significant structural differentiation, with emerging manufacturing sectors and automotive manufacturing showing the highest growth rates, while traditional high-energy-consuming industries will see a decline [10][20] - The transformation of the city gas industry from "resource distribution" to "comprehensive energy services" is highlighted as a key opportunity, driven by the optimization of customer structure, expansion of value-added services, and improved pricing efficiency [24][25] Summary by Sections Demand Side: Structural Differentiation as the Core Theme - In 2022, the manufacturing sector's natural gas consumption was 155 billion cubic meters, accounting for 8.56% of total energy consumption. The demand is expected to experience a "slow climb - deceleration - stabilization" process from 2023 to 2025, with traditional industries facing pressure while emerging industries continue to grow [2][10] - The report forecasts that from 2026 to 2028, the main sources of growth will be emerging manufacturing sectors such as integrated circuits and biomedicine, with an average annual growth rate of 4.8%, and automotive manufacturing, particularly in new energy vehicles, with a growth rate of 7.8% [21][22] City Gas Industry: Three Opportunities Against Three Challenges - The recovery of manufacturing natural gas demand will be a critical juncture for the city gas industry to shift from "scale expansion" to "quality improvement." This shift is expected to alleviate short-term profit pressures and support business structure reconstruction and core competitiveness enhancement [3][11] - Opportunities include an increase in high-value customers from emerging manufacturing sectors, which are expected to improve gas sales gross margins by 2-3 percentage points by 2028. Challenges include the loss of traditional customer demand, competition from alternative energy sources, and intensified regional competition [3][11] Differentiation from Market Views - The report emphasizes the quantification of demand differentiation trends across various sectors, highlighting the dual drivers of "policy support + industrial expansion" rather than a singular focus on environmental pressures. It also clarifies the boundaries and pace of alternative energy impacts on natural gas demand, indicating that the substitution effect from emerging industries is relatively weak [4][14] Investment Focus - The investment focus is on capturing structural dividends and realizing transformation capabilities, with a particular emphasis on three types of companies: national city gas leaders (Kunlun Energy, China Gas), regional leaders (Shenzhen Gas, Fuan Energy), and energy service platform companies (Xinao Gas) [12][24]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 001331 | 胜通能源 | 57.14 | 7.69% | 9.99万 | 5.54亿 | | 002259 | 升达林业 | 5.26 | 3.95% | 82.41万 | 4.15亿 | | 000669 | ST金鸡 | 3.10 | 2.31% | 13.57万 | 4131.82万 | | 002911 | 佛燃能源 | 14.07 | -0.42% | 12.78万 | 1.78亿 | | 603080 | 新疆火炬 | 24.79 | -0.52% | 3.17万 | 7807.59万 | | 605090 | 九丰能源 | 49.65 | -0.68% | 22.81万 | 11.37亿 | | 002700 | 万憬能源 | 7.17 | -0.83% | 5.78万 | 4118.04万 | | 603706 | 东方环宇 | 20.91 | -0.90% | 1.61万 | 3341.98万 | | 300435 | 中泰 ...