特此公告。 证券代码：003035 证券简称：南网能源 公告编号：2024-048 南方电网综合能源股份有限公司 关于变更高级管理人员的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 南方电网综合能源股份有限公司（以下简称"公司"或"本公司"）董事会 于近日收到高级管理人员唐永胜先生和刘玉春先生的书面辞任报告。唐永胜先生 因工作调整，申请辞去公司副总经理职务，其辞去上述职务后仍将在公司系统内 任职；刘玉春先生因工作调整，申请辞去公司副总经理、总会计师职务，其辞去 上述职务后仍将在公司系统内任职。根据《中华人民共和国公司法》（以下简称 "《公司法》"）《深圳证券交易所上市公司自律监管指引第1号——主板上市 公司规范运作》和《公司章程》等相关规定，唐永胜先生和刘玉春先生的辞任报 告自送达董事会之日起生效。截至本公告披露日，唐永胜先生和刘玉春先生未持 有公司股份。董事会对唐永胜先生和刘玉春先生在任期间的勤勉工作和对公司发 展所做出的贡献表示衷心的感谢！ 综合考虑公司发展需要，根据《公司法》和《公司章程》等有关规定，经公 司董事会提名委员会审查，公司于2024年 ...

证券代码：003035 证券简称：南网能源 公告编号：2024-047 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 南方电网综合能源股份有限公司 关于二届二十六次董事会会议决议的公告 一、董事会会议召开情况 南方电网综合能源股份有限公司（以下简称"公司"）二届二十六次董事会 会议于 2024 年 10 月 31 日以电子邮件等形式发出会议通知，于 2024 年 11 月 8 日（星期五）在广州市天河区华穗路 6 号楼会议室以现场+视频方式召开。 会议应出席董事 9 名，实际出席董事 9 名，其中委托出席董事 1 名（董事杨 柏先生因其他工作安排未能亲自出席本次会议，委托董事赖炽森先生代为出席会 议并行使表决权）。公司监事及部分高级管理人员列席了会议，董事长宋新明先 生召集并主持本次会议。本次会议为临时董事会会议，会议参与表决人数及召集 程序符合《中华人民共和国公司法》和《南方电网综合能源股份有限公司章程》 等有关规定。 二、董事会会议审议情况 （一）审议通过《关于聘任南方电网综合能源股份有限公司副总经理的议 案》 公司第二届董事会提名委员会第七次会议已于 ...

Key Takeaways Industry and Company * **Industry**: Green energy services, specifically distributed solar photovoltaic (PV) systems and building energy efficiency. * **Company**: Nanning Energy, a leading green energy service provider in China, established in 2010 as a joint venture between the Southern Power Grid and the Guangdong Provincial Government. Core Views and Arguments * **Distributed Solar PV Projects**: Nanning Energy has implemented a 18.26 MW distributed PV project at the Guang'an An Distribution Market Reconstruction Project, utilizing a contract energy management model. The project covers an area of 180,000 square meters, equivalent to 23 standard football fields. The project is expected to save over 3 million yuan in electricity costs for the client annually. * **Business Model**: The project generates revenue through three channels: self-consumption at a price lower than the market electricity price, grid-connected electricity sales at the benchmark electricity price, and government subsidies of 0.15 yuan per kilowatt-hour for the first three years. * **Financial Performance**: The project has an internal rate of return (IRR) of approximately 13% and a payback period of 6 years. * **New Energy Development**: Nanning Energy is actively expanding its business in new energy fields such as wind power and building energy efficiency. The company has signed 50 investment intention agreements for distributed wind power projects and has several projects under construction or approval. * **Building Energy Efficiency**: The company has implemented numerous energy-saving projects in key areas such as hospitals, schools, and transportation. The company aims to expand its market share in the building energy efficiency sector by leveraging its technical expertise and project management experience. * **Strategic Transformation**: Nanning Energy plans to transform into a company that focuses on both assets and services. The company aims to expand its business in distributed PV, distributed wind power, and energy management services. The company also plans to explore new business opportunities in the emerging power system and the green electricity and carbon trading markets. Other Important Content * **Government Support**: The Chinese government has implemented various policies to promote the development of new energy and energy conservation. Nanning Energy is actively responding to these policies and leveraging government support to expand its business. * **Competitive Advantage**: Nanning Energy has several competitive advantages, including its rich project experience, comprehensive project management system, strong brand image, and financial and credit advantages. * **Challenges**: Nanning Energy faces challenges such as rising biomass fuel prices, limited project transformation conditions, and fierce competition in the distributed PV market. The company is actively addressing these challenges and seeking solutions to ensure sustainable development.

证券代码：003035 证券简称：南网能源 公告编号：2024-046 南方电网综合能源股份有限公司 关于2024年第三季度拟投资节能服务项目新增电力 相关设备装机容量的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 南方电网综合能源股份有限公司（以下简称"公司"）主要从事节能服务， 为客户能源使用提供诊断、设计、改造、综合能源项目投资及运营维护等一站式 综合节能服务。公司工业节能——分布式光伏节能业务及综合资源利用业务等涉 及《深圳证券交易所上市公司自律监管指引第3号——行业信息披露》（以下简 称《行业信息披露指引》）中规定的电力相关业务。 公司通过分布式光伏等方式提高客户清洁能源使用比例，通过开发分散式风 电、农光互补等项目推动资源综合利用，积极落实国家绿色发展、节能减排政策， 促进发展新质生产力。根据《行业信息披露指引》第五章的有关规定，现将2024 年第三季度公司通过决策审批拟开展的项目中涉及电力业务的有关情况公告如 下： 一、2024年第三季度拟新增电力相关业务情况 2024年第三季度，公司经决策拟开展的分布式光伏业务项目装机规模约 22.52 ...

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：003035 证券简称：南网能源 公告编号：2024-042 南方电网综合能源股份有限公司 关于二届二十五次董事会会议决议的公告 一、董事会会议召开情况 南方电网综合能源股份有限公司（以下简称"公司"）二届二十五次董事会 会议于 2024 年 10 月 14 日以电子邮件等形式发出会议通知，于 2024 年 10 月 25 日（星期五）在广州市天河区华穗路 6 号楼会议室以现场+视频方式召开。 会议应出席董事 9 名，实际出席董事 9 名，其中委托出席董事 2 名（董事赖 炽森先生和吕晖女士因其他工作安排未能亲自出席本次会议，分别委托董事杨柏 先生和庄学敏先生代为出席会议并行使表决权）。公司部分监事及高级管理人员 列席了会议，董事长宋新明先生召集并主持本次会议。本次会议为定期董事会会 议，会议参与表决人数及召集程序符合《中华人民共和国公司法》和《南方电网 综合能源股份有限公司章程》等有关规定。 二、董事会会议审议情况 （一）审议通过《关于<南方电网综合能源股份有限公司 2024 年第三季度 报告>的议案 ...

一、监事会会议召开情况 南方电网综合能源股份有限公司（以下简称"公司"）二届十二次监事会会 议于 2024 年 10 月 15 日以电子邮件等形式发出会议通知，于 2024 年 10 月 25 日（星期五）在广州市天河区华穗路 6 号楼会议室召开。 会议应出席监事 5 名，实际出席监事 5 名，其中委托出席监事 1 名（监事会 主席孙世奇先生因其他工作安排未能亲自出席本次会议，委托职工代表监事曹建 东先生代为出席并行使表决权），公司董事会秘书张恒阁先生列席了会议。经过 半数监事共同推举，由李葆冰先生召集并主持本次会议。本次会议参与表决人数 及召集程序符合《中华人民共和国公司法》和《南方电网综合能源股份有限公司 章程》等有关规定。 二、监事会会议审议情况 （一）审议通过《关于<南方电网综合能源股份有限公司 2024 年第三季度 报告>的议案》 经审核，监事会认为：董事会编制和审议公司《2024 年第三季度报告》的 程序符合法律、行政法规和中国证券监督管理委员会、深圳证券交易所等的规定， 报告内容真实、准确、完整地反映了公司的实际情况，不存在任何虚假记载、误 导性陈述或者重大遗漏。 证券代码：003035 证券简 ...

证券代码：003035 证券简称：南网能源 公告编号：2024-045 南方电网综合能源股份有限公司 关于拟续聘会计师事务所的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 特别提示： 南方电网综合能源股份有限公司（以下简称"南网能源""本公司"或"公 司"）本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的《国有 企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 一、拟续聘会计师事务所的基本情况 （一）机构信息 1、基本信息 会计师事务所名称：大信会计师事务所（特殊普通合伙） 成立日期：1985 年 11 月 2、业务信息 2023 年度，大信实现业务收入 15.89 亿元，其中审计业务收入 13.80 亿元、 证券业务收入 4.50 亿元。2023 年，大信为超过 10,000 家公司提供服务，其中 上市公司年报审计客户 204 家（含 H 股），主要分布于制造业，信息传输、软件 和信息技术服务业，电力、热力、燃气及水生产和供应业，科学研究和技术服务 业、水利、环境和公共设施管理业。本公司同行业上市公司审计客户 10 ...

Revenue and Profit - Revenue for the third quarter was RMB 954.89 million, a 7.01% increase year-over-year[2] - Net profit attributable to shareholders was RMB -52.48 million, a 134.39% decrease year-over-year[2] - Net profit attributable to parent company owners increased to 1,824,899,260.57 RMB, up from 1,707,265,719.03 RMB previously[16] - Net profit attributable to parent company shareholders reached RMB 152.10 million, compared to RMB 346.90 million in the same period last year[18] - Total operating revenue for the quarter was RMB 2,165.59 million, up from RMB 1,718.23 million year-over-year[19] - Basic earnings per share (EPS) for the quarter was RMB 0.04, compared to RMB 0.09 in the previous year[19] - Total comprehensive income for the quarter was RMB 168.07 million, down from RMB 398.68 million year-over-year[19] Assets and Liabilities - Total assets as of the end of the reporting period were RMB 19.99 billion, an 8.75% increase compared to the end of the previous year[2] - Total assets increased to 19,992,234,422.59 RMB, up from 18,382,912,070.83 RMB in the previous period[14] - Total liabilities rose to 12,244,955,086.11 RMB, compared to 10,960,268,756.62 RMB previously[16] - Total equity grew to 7,747,279,336.48 RMB, up from 7,422,643,314.21 RMB previously[16] - Fixed assets rose to 12,207,659,879.76 RMB, compared to 10,805,099,867.02 RMB in the prior period[14] Cash Flow - Operating cash flow for the first nine months was RMB 998.17 million, a 94.73% increase year-over-year[2] - Operating cash flow increased by 94.73% to 998,165,520.00 yuan in the first nine months of 2024, driven by improved accounts receivable collection and receipt of large renewable energy subsidies[8] - Net cash flow from financing activities decreased by 55.54% to 666,282,583.07 yuan in the first nine months of 2024, mainly due to reduced new bank loans and shareholder loans[9] - Cash flow from operating activities increased to RMB 998.17 million, compared to RMB 512.59 million in the previous year[20] - Cash flow from financing activities was RMB 666.28 million, down from RMB 1,498.72 million in the same period last year[21] - Investment activities resulted in a net cash outflow of RMB 1,479.87 million, compared to RMB 2,057.44 million in the previous year[20] - Cash and cash equivalents at the end of the quarter stood at RMB 1,119.94 million, up from RMB 737.25 million year-over-year[21] Borrowings and Loans - Short-term borrowings increased by 258.65% to RMB 575.33 million due to new bank loans for business needs[5] - Long-term borrowings increased by 37.47% to RMB 6.10 billion to support business expansion[6] - Long-term loans increased to 6,103,278,947.18 RMB, up from 4,439,634,358.23 RMB previously[15] Impairment and Losses - The company recognized an impairment loss of RMB 210 million due to the reduction in renewable energy subsidies for biomass projects[2] - Credit impairment losses increased by 543.11% to RMB -265.67 million due to the impairment of renewable energy subsidies[7] - Credit impairment losses widened to -265,665,766.37 RMB, compared to -41,309,802.41 RMB in the prior period[17] - Total assets impairment loss was RMB 104.68 million, compared to RMB 1,079.66 million in the same period last year[18] Shareholders and Equity - China Southern Power Grid holds 40.39% of the company's shares, making it the largest shareholder with 1,530,000,000 shares[10] - The top 10 shareholders collectively hold 77.52% of the company's shares, with the second-largest shareholder being Green Energy Mixed Reform Equity Investment Fund holding 16.42%[10] - The Agricultural Bank of China's CSI 500 ETF increased its holdings by 143.56% to 20,308,690 shares, representing 0.54% of total shares[12] Operating Costs and Expenses - Operating income reached 2,278,625,117.76 RMB, up from 2,195,587,258.77 RMB in the prior period[17] - Operating costs increased to 1,838,110,696.84 RMB, compared to 1,735,422,514.89 RMB previously[17] - R&D expenses grew to 4,856,205.22 RMB, up from 1,806,407.46 RMB in the prior period[17] Other Financial Metrics - Non-operating income increased by 564.73% to RMB 9.14 million due to compensation received from suppliers for underperforming photovoltaic components[7] - Monetary funds increased by 19.57% to 1,121,821,994.06 yuan as of September 30, 2024, compared to the beginning of the year[13] - Accounts receivable increased by 3.16% to 2,891,556,366.07 yuan as of September 30, 2024[13] - Prepayments increased by 55.70% to 131,182,110.06 yuan as of September 30, 2024[13] - Other receivables increased by 20.45% to 90,249,416.15 yuan as of September 30, 2024[13] - Inventory increased by 4.30% to 22,956,609.97 yuan as of September 30, 2024[13] - The company's third-quarter report was unaudited[22]

南方电网综合能源股份有限公司投资者关系活动记录表 编号：2024-014 | --- | --- | --- | |-----------------------|------------------------------|--------------------------------------------------------| | | | | | 投资者关系活动 | □特定对象调研 | □分析师会议 | | 类别 | □媒体采访 | □业绩说明会 | | | □新闻发布会 | □路演活动 | | | □现场参观 | | | | 其他（民生证券策略会） | | | 活动参与人员 | 参加民生证券策略会的投资者 | | | 时间 | 2024 年 10 月 17 日 | | | 地点 | 深圳 | | | 形式 | 现场会议 | | | 上市公司接待人 员姓名 | 董事会工作部：程国辉、任嫣然 | | | | | 1.请问南方电网会为公司带来哪些方面的支持？ | | | | 答：南方电网对公司的支持包括：一是南方电网的品牌形 | | | | 象为公司快速切入市场，获取客户信任奠定了良好基础。二是 | ...

Investment Rating - The report gives a "Recommend" rating for the company, with a target price of 4.55 yuan as of October 11, 2024 [2][37] Core Views - The company focuses on industrial energy conservation, building energy conservation, and urban lighting energy conservation, with stable overall performance [1] - Distributed photovoltaic power generation is the main growth driver, with revenue from this segment reaching 1.188 billion yuan in 2023, a 20.65% YoY increase [1] - The company has rich project experience in building energy conservation, with revenue from this segment reaching 904.53 million yuan in 2023, an 18.25% YoY increase [1] - The company is actively expanding into distributed wind power and load aggregation services, with 40+ signed investment agreements for distributed wind power projects and a capacity exceeding 6GW [1] Financial Forecasts - Revenue is expected to grow to 3.413 billion yuan in 2024, 4.034 billion yuan in 2025, and 4.769 billion yuan in 2026, with YoY growth rates of 14.2%, 18.2%, and 18.2% respectively [1][37] - Net profit attributable to the parent company is expected to reach 422 million yuan in 2024, 526 million yuan in 2025, and 634 million yuan in 2026, with YoY growth rates of 35.8%, 24.7%, and 20.6% respectively [1][37] - The PE ratio for 2024-2026 is estimated at 41x, 33x, and 27x respectively [1][37] Business Segments Industrial Energy Conservation - Distributed photovoltaic power generation is the main growth driver, with revenue reaching 1.188 billion yuan in 2023, a 20.65% YoY increase [1] - The company plans to invest 8 billion yuan in fixed assets in 2024, mainly in distributed photovoltaic and distributed wind power projects [1] Building Energy Conservation - The company has implemented nearly 50 key projects, including energy-saving services for hospitals, schools, and communication operators [1] - Revenue from building energy conservation services reached 904.53 million yuan in 2023, an 18.25% YoY increase [1] Comprehensive Energy Utilization - The company has signed over 40 investment agreements for distributed wind power projects, with a capacity exceeding 6GW [1] - The company has completed over 100 projects for photovoltaic and air conditioning load access to the distributed source-load aggregation platform, with a total capacity of over 180MW [1] Valuation Analysis - The company's PE ratio for 2024-2026 is estimated at 41x, 33x, and 27x respectively, compared to the average PE ratio of 32x, 24x, and 19x for comparable companies [37][36] - The company's valuation is considered reasonable given its project resources and regional advantages in southern China [37]