申能股份(600642):大华会计师事务所（特殊普通合伙）关于申能股份有限公司向不特定对象发行可转换公司债券申请文件的审核问询函的回复
原标题:申能股份:大华会计师事务所（特殊普通合伙）关于申能股份有限公司向不特定对象发行可转换公司债券申请文件的审核问询函的回复 ???????? ?????? ???????????н???? ???????????????? ?????? ????[2026]0011000886? ????????? ?????? Da Hua Certified Public Accountants?Special General Partnership? 澳澳 澔澔???媢????漑???弛??漒澔 ??????塾???峮濄濉?敡濊??濄濅?澳濮濄濃濃濃濆濌濰澳澳 ?嫜漡濋濉澳澻濄濃澼澳濈濋濆濈澳濃濃濄濄澳??漡濋濉澳澻濄濃澼澳濈濋濆濈澳濃濃濃濉澳澳瀊瀊瀊瀊濁濷濴濻瀈濴激濶瀃濴濁濶瀂瀀澳澳 ????????(??????) ???????????у????????????? ????????????? ????[2026]0011000886? к??????? ????????????????н??????????? ??????????????к?к??????ǒ2025ǔ314?? ?л??“?????”???????????????л??“??”? “???”?“????”????亩????????????л? а??????? 1??(4)? ???????1???????????н?? 200,000з?? ??亩???“????????? 135з??仾?亩?”“?? 1# ?к??亩?”????????????????亩????亩? ????????????????2?“????????? 135з ??仾?亩?”??? 2????????????????↓?? ???“?? 1#?к??亩?”???????????????? ????3???亩???ф???亴??????? 15.68%? 8.34%???????????????????????????? ????????????亩??????????????亴?? ???????亴???????????亩?????????? ??????? ???????????????????????—??学? 7 ??? 5 ?????????????? 18 ??? 5 ???仈?4? ???????????? ?а? ????? 1??????????????????????????? ??????亩??????????л? ?1?????????? 135з??仾?亩? ????????? 135з??仾?亩???? 553,282.39з ?????????л? ???з?
???? 60,035.98з?????????????????? ???л? ???з?
??????? 357,664.07з??????????????? ???????????ㄉ???????????л? ???з?
?????亴? 10,847.39з??????仾???????? ? 6,505.49з???????????? 3,531.91з?? ????????? ?????????亩??? 110,000.00з????????? ?????????н?????????????? ?2??? 1#?к??亩? ?? 1#?к??亩???? 389,602.07з???????л? ???з?
???? 122,271.22з???????????к????ㄉ? ??????к?????????????????л? ???з?
????? 206,367.26з????????????????? ?к????ㄉ?????????????????????к? ???????????????????????????л? ???з?
????? 6,938.69з?????????? 1,800з???? ????????? 800з?????????? 4,315.69з??? ????????? ?????????亩??? 46,000.00з????????? ?????????н?????????????? 2?????亴?????????亴??????????? 亩?????????????????л? ?1?????????? 135з??仾?亩? ????????????????仾?亩????????? ????? ???з?
??ъ?? ?ъ??????????????=к???*к???? 1???亴? ????? 135з??仾????亩??????亩???亩? 仾?????? 1350MW?亴??к????? 291,600з kW·h? ???┑?????? 2160h?亴??? 0.22?/kW·h?????н ???? 0.1947?/kW·h? ??????=亴??к???? 291,600з kW·h*0.1947? /kW·h =56,774.52з??ок????????????????? ???????????? 2???? ????亩????????*亩???????ъ?а??? ??????????????亩?亴????????? 2160? ????? 10%???仾????ъ?????????????? ?????? 2025???亩????????仾?亩?????? ???? 2,296.8??????亩???????? 2,160???? ???????亩?亴?????亴?????っ?? 3????? ?????? 2025? 6? 24??????????????? ??к??????????????????????????? ???? 2025? 6? 1????????????亩?????? ????к??????亩??????????50%?????亩 ?к?????????????学ㄎ????ㄎ????? 0.15? /???—0.262?/???? ?????亩??? 0.22?/????????????а亴? ????к??????ㄎ????0.15?/???—0.262?/?? ?????????????? ??ъ???????????????????2022?? 2024 ???仾???亩?к???? 0.2003?/kW·h?н??????? ?亩??亴??? 0.1947?/kW·h?н????????ъ???? ?亴???????? ?????? ??亩?????????????????л? ???з?
?л? 1???? ??????????????亩??????仍?????? ????????仍? 1,108.66з????????????? 48.39 ????????? 0.12%? ???????????????????亩???????? ????? 0.08%??????亴???儈?????亴????? ???? 2????? ??????? ???з?
?ㄉ?????????????????亴??亴???? 1- 5? 1,000з?/????亩??????? 49.35???????? ??? 0.20%???? 6-10??亴????? 5,725з/?????? ?? 1.16%???? 11-15??亴????? 6,200з?????? 1.26%???? 16-20??亴????? 6,670з??????? 1.35%? ??к???????亩??????????л?
????学??亩???????? 3???? ?????? 493,511.87з??? 20??5%???????? ??????????? 23,441.81з?? ?????????????????????亩?????? ? 20?????????????????仾?亩??????? ???? 20?????? 5%? ??к?????о??к????学??亩?亴??а?? 4????? ?????????????????? 437,225.91з?у亩? ??????? 3.2%??≤???????仍????????? ??????????仍???????????亴??? 200з? ????? ??????????≤??亴????л??????≤?? ???????? ?? 2015? 6? 12???[2015]74???????????? ??仾?????????????? 2015? 7? 1?????? ????????仾?????????????????? 50%? ???????????仍????????仍? 50%?????? ??仍???????????亩?????????亩????? ?????????亩???? ??ъ??? ???ъ?????亩?????????????????? 亩???????????亩????а???????????? ????а???й????ъ???????????????? ъ??????г????????? 15%??????? 2030 ? ??????? 25%?????????????????ъ??? ???????????? 2020?? 23???? ????? ???к???????????亴??亴??亩?????? ????????? 15.68%??????????? 11.84??亩? ????????????? ?к????к???????????????亴????о ??к????学??亩?????????????????? ?2??? 1#?к??亩? ???????????????? 1#?к??亩?????? ??????亩????? ???з?
??ъ?? ?ъ??????????????=к???*к???? ??к?????????????[2025]17???????? к???а?“仾???”?к??亩?ㄎ???????????? 1#?к??亩???к???????亩????к? 2025??? ???????????к?????????????????? ??? 0.4155?/???? ?????к?????????????[2025]29????к ?????????к???????????亩???????? ??к??????о?????????????к?????? ?????????о???????????????????? ????????????????????儈????????? ????ъ????????????????????????? ??????2025? 6? 1?????????????亩???? ????????????????л???????≤????? ???????????????????????????? ?????亩??????????亩?????к????? 29??????????仍?????????????????? ????? 0.4155?/????? ??亩????????????????????????? ??????亩?????????????ъ????????? ?????????????????????????亴??亩? ???亴?????? 207.16???????????? 8.29?? ??????????? 1177.94?????к??????ㄉ?? ????????к?? 2025???????亩?????ㄎ?? ??????????????????????? 1290?????? ???亩??????????????ㄉ??????亩???? ???亴?????? ?к????????? 0.4155?/????????к??? ?亴??????????????亴???ъ?? 788,468.47з?? ????ъ?? 31,538.74з?? ?????? ?亩?????????????????л? ???з?
1???? ??????а????????????????????? 2%????? 7,022.39з??亩?????а????? 2???? ???????????????? 0.25%?亴???? 885.65 з?/?? 3?????? ???????????亴????????????? 2027.66з?/?? 4????? 亩?????? 40?/kW????????????????? ?????????????????? 1.2%???亴?????? ?? 3,262.49з?? ??????? 354,261.32з??????????????? ? 0.92%?????????????????????????? 2-6?? 0.2%?? 7-11? 0.5%?? 12-21?? 1%???????? ??????????????????? 0.4%? ????????亴??о???????????学????? ???儈??????? 5???? ??亴????? 354,261.32з?????????? 5%?? 20?????????俆??????????????????仍 ? 336,548.25з?? ???????????????????亩???????? ??? 20????о??к????学??亩?亴??а?? 6????? 亴?????亩???????? 31??????????? ?н????????????????仍? 76,536.58з???? ???? 3,061.46з????亴???????????????? ?л??????≤?? ??ъ??? ???ъ?????亩?????????????????? 亩???????????亩????а???????????? ????а???й????ъ???????????????? ъ??????г????????? 25%?????? ????? ???к???????????亴??亴??亩?????? ?????? 8.34%??????????? 14.93??亩???? ?????????? ?к?????к???????????????亴???? о??к????学??亩?????????????????? ?3???亩???????????????? ???亩??????????????????л? ???з?
??????????? 88,310.42з??ъ????? 24,296.01з ????????к????ъ??????????к???ъ?? ??亩??????亴?????????亩????? 36,903.74 з????? 2024????仍 555,214.03з?????????? ?? 6.65%??к???н??????? ????亩?????????????ф?????ъ??? ?????????亪??????к???ъ??亴??к??? ????????????? ????????????? ??????л????? 1???????????????????亩??????ウ ????????????亩????????????????? ????????亩??к??????学亩????????? 2???????????????????亩??????ウ ????????????亩???亴???? 3???????亩?ъ????????????????? ????????????????????亩???亴????? ???????? 4??о???????????????????????? ????????????????????????н????? ???????亴??????????????????????? фн????????????а????学亩????? 5??????????????? 2025? 6? 30????? ?????????????仈?“?????????????? ???”????????????????ъ????????? ????????????????ъ????????????? ?????????仍?????????????ь?????? ??а???????????????????????а??仍? ?????????????亩?к?????????????? ?????亩???????????? 4.4?????????? ???? ????? ????????? ?1????????????亩???亴????????? ????????????亴??????????? ?2??????????????????????亩??“? ???????? 135з??仾?亩?”“?? 1#?к??亩?”?? ??????н?????????????????????? ??н?????ъ??????ф?????????? ????????? 2? ???????1?????ъ???????????仾?? ??????学???ъ??????????????????? ????ъ??????? 11.92%?17.06%?19.55%? 22.45%? ?????????????????????????????2? ????????? 27,201.92з??156,725.34з??160,091.81з ?? 98,919.54з????????????? 21,908.45з?? 10,118.30з??46,119.65 з?? 22,908.43з??3???????? ??????? 1,504,606.99 з??????? 3,178,447.79з?? 4??????????????????? 797,930.16з?? 893,102.51з??995,110.81з?? 1,008,353.78з???? 1?? к?喴?????? 50%?5????????????????? ??????????????????? 2.71%?9.59%?9.98% ? 5.05%? ????????1????学?ъ?????????ㄎ?? ??????????????????????????????? о??ъ????????????????????ъ????? ??????????2??????????????????? ??????о??????????????????3???? ?а???????о????????????о??????? ??о????????????4?????????????? ?????喴???????????????????????? ????????????????????????5????? ??????????????????????????┑??н ??????????????? ???????????????????????? ?а? ????? 1????学?ъ?????????ㄎ?????????? ???????????????????????о??ъ??? ?????????????????ъ???????????? ? ?1????学?ъ?????????ㄎ????????? ????????????????????????о??ъ?? ????? ????????学?ъ?????????????л? ???з?
?????っ?????ъ?????????л???????? ?????仾??????ъ????????????????? ????ъ????????к???????????ъ???? ≤????????? ???学?ъ????????????????л? ???ъ? ??ъ??????к???????????????ъ?? ???????⒆???????ъ??????????ъ?о? ???ъ???????????л ???з?
?????????ъ????????????о⒆???? ?а????????ъ??????????о⒆??????? ъ??????????????????ъ?????≤???? ???????? 2022?????????儈???? 2023??? ???????????ъ????????л???????ъ? ???≤?????????????ъ???????????? ??????????⒆?????????????≤???? 儈?????????????? 2023???????????? ?? 2024???????????????????ъ????? ?????????????ъ??????? 2023??? 2022? ??????????????ъ???ъ????? ?????????????ъ?????????????? ?ъ?????????????っ?????≤???????к ????? 2022?????????儈???? 2023?????? ????????ъ????????л???????ъ???? ≤?? ???ъ? ??ъ??????к?????????⒆???????? ??ъ??????????????????ъ???????? ?????ъ?о????ъ???????????л? ???з?
??а??2023??? 2022????????????????? ?????????????????????????????? ???????????????2023????????????? ?っ?? ?????????ъ?о????????ъ??????? ???????????????????????????н?? ??????????ъ??????????????????? ?к?儈?????ъ?????2024???????????ъ? ?????л━?????????????????ь????? ?????????????ъ?????????????? ?ъ?????????????≤?????っ?? ?????ъ? ???????????ъ???????????ъ???? ъ?????????ъ??????а??ф?????????? о??ъ??н??? ???????????ъ?????? 228,251.32з?? 282,027.40з??338,070.99з?? 172,915.63з???????? 32.84%?27.65%?24.61%? 16.83%?????????????л ?? ????ъ??к????????????????っ??? ??????????????????っ??????ъ???? ?????????????????????????????? ????????????????????ъ????????? ????????????ъ??????? ?????ъ? ??ъ??????к?????????⒆???????? ??????????ъ??????????? ?????????ъ?????????????????? ??????????????????????????ъ??? ?????а???????ъ???????????????? ????????? ???????????ъ??????ъ?? 464,933.12з?? 301,276.57з??283,648.60з?? 104,464.61з??????ъ? ????л?????? 2023?????????儈?????? ???????????ъ?????????????????? ??????ъ?????????????ъ??????ъ?? ???????≤???ф??っ?? ?仾?ъ? ??ъ??????⒆?????????????仾???ъ ???????????仾???ъ?????????о??ъ? ????????л? ???з?
??⒆?????а???????????仾????ъ???? ????????っ???????≤???????????? ??????仾????к??????????仾??????? ??? ?????ъ? ??ъ??????⒆?????????????????ъ ???????????????ъ?????????о??ъ? ????????л? ???з?
??ъ?????????????っ???? ??????????????о??ъ?????????? ?????????????к???????????????? ъ????о??ъ?????????л???? ?1?????????????ъ???????????? ? ???????????ъ???? ??????????????ъ?????学ъ?????? ?????ъ?? 464,933.12з??301,276.57з??283,648.60з ?? 104,464.61з?????ъ????????? 16.56%?10.58%? 9.60%? 8.08%? ?????????ъ?????????????????? ???????????????????ъ????????а? ??????ъ??????????????????????? ?????????????ъ???????????????? ????? ??????????????????????л? ???з?
1???????ъ?????? ?????ㄟ?????????????????????? ?“????-??”?“????-?????-?亩?仍”???“??? ?”? “????”?、??????傼??????“????-? ?”???“????-??”?????傼???????????? ?傼?????????????“????-??”???“????”? ??????????????仍????? ?????ㄟ???????????ъ????????? ??????????????????????????? “?? ??”???“??ъ???”?“????-?????-?亩?仍”?? ?“?ъ??”???“????-??”? 2???????ъ???????? ?ъ???к?????????????????????? ????????????????????????????ъ?? ????????????????仾????????????? ?????????????????????仾???????? ?????????????????????? ????ъ????? 14?——?????[2017]22???? й???? “?ъ?????????????????????? ?????????????????????????????? ъ????????????????????ъ???????? ???????????仍??????????ъ??????? ??亴??????????????仍???????仍???? ????????仍?????????????????仍??? ????????仍???????” ???ъ????????????????????????? ?????仾???????????????????????ъ ????? 2??????????????????????????о? ??????????????? ?1???????????????? ??????????????????????л? ???з?
?????????????????????????????? ?????????????????????????????? ????????????????????????????? ?? ??????????????? ???з?
?ъ??????????????????????????? ????? 1%?к???????л????????????? ?????? 5%?к? ???????????????????????????? ???????к??????л?????к??儈?????? ????????к?????????????к??儈???? ??????к?к?╅?????????????????? ?????ъ???ъ???????? ?????к????ъ?????????л? ???з?
??*????л??????????? ???????????????????? ???з?
?????????????????????????????? 2023?????仍????????? 51,551.57з??????? ????????????????っ?? ?????к??ъ???????????л? ???з?
??????????????????л? ???з?
10,118.30з??46,119.65з?? 22,908.43з????⌒?????? 2024?????????????仍????????????? ??????????????к????? ?????к?????????????????????? ????????????????????????????? ????????????????????????? ???????????????????????????? ??????????〖????????〖??й??????? ?????????????????????????????? ?????????????????????????????? ??????????????????????????? ???????????????к??? ETF???????? ???????????????????? 3??????а???????о????????????о ?????????о?????????? ?1?????????????????? ??????????????仍??? 1,085,445.30з?? 1,182,873.91з??1,395,602.09з?? 1,504,606.99з?????? 仍????? 12.07%?12.56%?13.73%? 14.37%??????л? ???з?
ъ????????????????????仾???????? ??ъ??????ъ??????????????ф????? ?????????????????????????????? ?? ???????????????а???????????? ?л? ???з?
 |