广州发展集团股份有限公司发布2026年度日常关联交易公告

核心要点

• 公司预计2026年度与控股股东广州产业投资控股集团有限公司及其全资、控股子公司发生天然气销售、供热及节能服务等日常关联交易，预计总金额达3,979万元。
• 主要关联交易类别包括：销售天然气、供热、提供节能服务。2026年预计金额分别为2,206万元、307万元、1,466万元。
• 所有交易类别均为与广州产投及其控股子公司进行，关联交易占同类业务的100%。
• 交易定价依据公开、公正、公平原则。天然气销售按政府最高限价，供热和节能服务按市场价格协商。
• 2026年与上年实际发生金额对比：天然气销售、供热金额预计减少，节能服务金额预计增加。
• 上年度（2025年）实际关联交易金额总计3,834.79万元，部分类别与预计有较大差异，主要由于实际用气量、供热量和节能电量与预期不符。
• 公司董事会及独立董事均审议通过该类关联交易，认为交易公允，不损害公司及非关联股东利益，无需提交股东大会审议。
• 公告强调公司不会因关联交易对关联方产生依赖，不影响公司独立性。
• 广州产投财务情况良好，截至2025年9月30日，总资产1,797.42亿元，净资产661.34亿元，营业收入526.51亿元，净利润38.57亿元。
• 未来关联交易将持续发生，有利于提升公司绿色低碳能源业务市场占有率和竞争力，对公司财务状况和经营成果产生积极影响。

对股东及股价的影响

• 关联交易金额较大，且全部为与控股股东及其子公司发生，市场需关注交易的公允性与透明度。
• 公司强调交易不会损害非关联股东利益，也不会影响公司独立性，但如未来关联交易金额大幅波动或依赖性增加，可能对公司治理和股价产生影响。
• 若绿色低碳能源业务市场占有率提升，或节能服务金额增长超预期，有望推动公司业绩增长，利好股价。
• 公告强调关联交易遵循公开、公平原则，且控股股东财务状况良好，履约能力强，降低了履约风险。
• 由于天然气销售、供热、节能服务均为公司主营业务，且关联交易金额占同类业务100%，任何业务波动均会直接影响公司业绩表现。
• 本事项无需提交股东大会审议，表明董事会及独立董事对交易公允性有较高信心。
• 如后续相关政府政策变化（如天然气价格调整），则可能对公司业绩和股价产生重大影响。

公告详细内容

广州发展集团股份有限公司于2026年3月26日发布日常关联交易公告，预计2026年度将与控股股东广州产业投资控股集团有限公司及其全资、控股子公司发生天然气销售、供热及节能服务等日常关联交易，总金额预计为3,979万元。具体包括销售天然气2,206万元，供热307万元，节能服务1,466万元，均占同类业务100%。
2026年1-2月已发生关联交易金额373.89万元。与2025年实际发生金额对比，天然气销售和供热金额预计减少，节能服务预计增加，主要受实际用量变动影响。
公司董事会及6名非关联董事审议通过此事项，独立董事认为交易公允，不损害公司及中小股东利益。根据公司章程，该议案无需提交股东大会审议。
关联方广州产投财务状况良好，履约能力强。公司与关联方历史交易均正常履约。交易定价按政府最高限价及市场价格协商，双方将严格按合同约定履行权利义务。
本次关联交易有助于公司绿色低碳能源业务市场占有率和综合竞争力提升，预计今后将持续发生。公告强调交易不会损害公司利益，也不会影响公司独立性或形成依赖。

风险提示及免责声明

本公告仅为信息披露，不构成投资建议。关联交易金额较大，涉及公司主营业务，投资者应关注后续实际交易金额及相关政策变化对公司业绩和股价的影响。请投资者结合自身情况谨慎决策。

Guangzhou Development Group Co., Ltd. Announces 2026 Routine Related-Party Transactions

Key Points

• The company expects to conduct routine related-party transactions in 2026 with its controlling shareholder Guangzhou Industrial Investment Holding Group Co., Ltd. and its subsidiaries, involving sales of natural gas, heating, and energy-saving services, with an estimated total amount of RMB 39.79 million.
• Main transaction types: sale of natural gas (RMB 22.06 million), heating (RMB 3.07 million), energy-saving services (RMB 14.66 million); all transactions are with Guangzhou Industrial Investment and its subsidiaries, accounting for 100% of similar business.
• Pricing follows open, fair principles: natural gas sales according to government maximum price, heating and energy-saving services negotiated based on market prices.
• 2026 estimates vs. 2025 actuals: natural gas sales and heating expected to decrease, energy-saving services expected to increase, mainly due to changes in actual usage.
• 2025 actual related-party transaction total: RMB 38.35 million, with notable differences from estimates due to usage variations.
• Board and independent directors have reviewed and approved these related-party transactions, deeming them fair and not harmful to the interests of the company or non-related shareholders; no need for shareholder meeting approval.
• The company emphasizes independence: these transactions will not lead to dependence on related parties.
• Guangzhou Industrial Investment’s financial status is strong: total assets RMB 179.74 billion, net assets RMB 66.13 billion, revenue RMB 52.65 billion, net profit RMB 3.857 billion (as of Sept 2025).
• Routine related-party transactions are expected to continue, supporting growth in the company’s green, low-carbon energy business.

Shareholder Impact & Price Sensitivity

• Large transaction amounts, all with controlling shareholder/subsidiaries—market should monitor transparency and fairness.
• The company stresses no harm to minority shareholders, and no impact on independence. However, significant transaction fluctuations or increased dependency could affect governance and share price.
• If green energy business market share or energy-saving service revenue grows beyond expectations, it could boost company performance and share price.
• Transactions are priced fairly, controlling shareholder has strong financials and contract fulfillment ability, reducing risk.
• Since related-party transactions cover 100% of these core business areas, any business volatility will directly affect company results.
• No need for shareholder approval signals confidence in transaction fairness by the board and independent directors.
• Changes in government policy (e.g., natural gas pricing) could significantly impact performance and share price.

Announcement Details

Guangzhou Development Group Co., Ltd. issued an announcement on March 26, 2026, disclosing plans for routine related-party transactions with its controlling shareholder and subsidiaries in 2026. The estimated total is RMB 39.79 million, covering natural gas sales, heating, and energy-saving services—all representing 100% of similar business.
RMB 3.739 million in related-party transactions have already occurred in Jan-Feb 2026. Compared to 2025 actuals, estimates for natural gas sales and heating are lower, while energy-saving services are expected to be higher, reflecting changes in actual consumption.
The board and six non-related directors have approved these transactions; independent directors deem them fair and not detrimental to the company or minority shareholders. No shareholder meeting is required.
The controlling shareholder has robust financials and a track record of fulfilling contracts. Pricing follows government maximums and market negotiations. Transactions will be formalized as needed, strictly adhering to contract terms.
These transactions support the company’s market position and competitiveness in green low-carbon energy, expected to continue in the future. The company stresses no negative impact on interests or independence.

Risk Warning & Disclaimer

This announcement is for information disclosure only and does not constitute investment advice. Given the large transaction amounts and their impact on main business, investors should monitor actual transaction results and policy changes. Please evaluate risks carefully before making investment decisions.

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