换肤

南京公用

i问董秘
企业号

000421

主营介绍

  • 主营业务:

    燃气销售、房地产开发及客运交通产业。

  • 产品类型:

    汽车营运、房产开发、汽车销售、旅游服务、燃气销售、燃气工程、新能源业务

  • 产品名称:

    汽车营运 、 房产开发 、 汽车销售 、 旅游服务 、 燃气销售 、 燃气工程 、 新能源业务

  • 经营范围:

    出租汽车服务;公共交通客运;机动车辆保险、意外伤害保险兼业代理;(汽车维修;卷烟、雪茄、烟丝零售;预包装食品零售;机动车驾驶员培训;兼业代理意外伤害保险、机动车辆保险);汽车配件、日用百货、日用杂品、文教用品、电子产品及配件、工艺美术品、金属材料、五金交电、建筑材料、化工产品、服装销售;机油、轮胎零售;汽车修理培训;鞋帽的生产、销售;物业管理;室内装璜;客车租赁服务;经济信息咨询服务;商务代理服务;二手车经纪服务;汽车票务代理;提供劳务;(上海大众品牌汽车销售及配套服务;设计、制作、代理报刊、印刷品、三维动画广告;代理发布车身、户外、馈赠品广告;自有房产租赁;停车场服务;停车场管理服务;食品添加剂销售;货运代理服务)。括号内项目仅限取得许可证的分支机构经营。(依法须经批准的项目,经相关部门批准后方可开展经营活动)许可项目:建设工程施工;住宅室内装饰装修;电气安装服务;建筑智能化系统设计(依法须经批准的项目,经相关部门批准后方可开展经营活动,具体经营项目以审批结果为准)一般项目:广告设计、代理;图文设计制作;办公服务;平面设计;数字内容制作服务(不含出版发行);广告制作;礼仪服务;摄像及视频制作服务;会议及展览服务;广告发布(非广播电台、电视台、报刊出版单位);交通及公共管理用标牌销售;组织文化艺术交流活动;企业形象策划;咨询策划服务;信息咨询服务(不含许可类信息咨询服务);交通及公共管理用金属标牌制造;园林绿化工程施工;汽车新车销售;新能源汽车整车销售(除依法须经批准的项目外,凭营业执照依法自主开展经营活动)

运营业务数据

最新公告日期:2026-08-24 
业务名称 2026-06-30 2025-12-31 2025-06-30 2024-12-31 2023-12-31
可售面积:主要项目销售情况(平方米) 13.86万 - 23.01万 - -
土地面积:主要项目开发情况(平方米) 7.21万 - 10.85万 - -
竣工面积:主要项目开发情况:累计竣工面积(平方米) 13.92万 - 18.58万 - -
结算面积:主要项目销售情况:累计结算面积(平方米) 12.39万 - 13.03万 - -
装机容量:分布式光伏(兆瓦) 44.52 - 34.00 - -
计容面积:主要项目开发情况:规划计容建筑面积(平方米) 13.80万 - 22.53万 - -
计容面积:主要项目销售情况:计容建筑面积(平方米) 13.80万 - 22.53万 - -
车辆数:在运出租汽车:巡网融合改造投放车辆(辆) 73.00 - - - -
车辆数:在运出租汽车:新能源电动车(辆) 1691.00 - 1832.00 - -
销售面积:主要项目销售情况:累计预售(销售)面积(平方米) 12.45万 - 21.15万 - -
车辆数:在运出租汽车(辆) 1722.00 - 1927.00 - -
车辆数:旅游客运产业:自有(辆) 140.00 - - - -
库存量:房地产开发(平方米) - 1.42万 - 3.32万 3.69万
库存量:汽车销售(台) - 0.00 - 60.00 102.00
库存量:燃气销售(立方米) - 3275.00万 - 3182.00万 4749.00万
电站数量:光伏电站(个) - 36.00 - - -
装机容量:充电站点(千瓦) - 16.35万 - - -
装机容量:光伏电站(兆瓦) - 37.69 - - -
运营量:充电站点(个) - 231.00 - - -
项目数量:在运营项目:分布式光伏(个) - - 31.00 - -

主营构成分析

报告期
报告期

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营业收入 X

单位(%) 单位(万元)
业务名称 营业收入(元) 收入比例 营业成本(元) 成本比例 主营利润(元) 利润比例 毛利率
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注:通常在中报、年报时披露 

主要客户及供应商

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前5大客户:共销售了3.08亿元,占营业收入的4.42%
  • 爱尔集新能源(南京)有限公司
  • 弓箭玻璃器皿(中国)有限公司
  • 南京电气绝缘子有限公司
  • 南京华新有色金属有限公司
  • 南京安居保障房建设发展有限公司
  • 其他
客户名称 销售额(元) 占比
爱尔集新能源(南京)有限公司
1.04亿 1.49%
弓箭玻璃器皿(中国)有限公司
8511.99万 1.22%
南京电气绝缘子有限公司
5462.54万 0.78%
南京华新有色金属有限公司
4608.43万 0.66%
南京安居保障房建设发展有限公司
1871.31万 0.27%
前5大供应商:共采购了24.35亿元,占总采购额的66.75%
  • 中国石油天然气股份有限公司江苏销售分公司
  • 江苏省天然气销售有限公司
  • 江苏建峰建设有限公司
  • 南京普鲁迪商贸有限公司
  • 港华国际能源贸易有限公司
  • 其他
供应商名称 采购额(元) 占比
中国石油天然气股份有限公司江苏销售分公司
15.96亿 43.75%
江苏省天然气销售有限公司
4.12亿 11.29%
江苏建峰建设有限公司
2.96亿 8.12%
南京普鲁迪商贸有限公司
1.09亿 2.98%
港华国际能源贸易有限公司
2208.31万 0.61%
前5大客户:共销售了3.36亿元,占营业收入的5.10%
  • 爱尔集新能源(南京)有限公司
  • 弓箭玻璃器皿(中国)有限公司
  • 南京电气绝缘子有限公司
  • 南京华新有色金属有限公司
  • 葛洲坝唯逸(南京)房地产开发有限公司
  • 其他
客户名称 销售额(元) 占比
爱尔集新能源(南京)有限公司
1.16亿 1.76%
弓箭玻璃器皿(中国)有限公司
1.01亿 1.54%
南京电气绝缘子有限公司
4657.26万 0.71%
南京华新有色金属有限公司
4473.26万 0.68%
葛洲坝唯逸(南京)房地产开发有限公司
2724.55万 0.41%
前5大供应商:共采购了26.97亿元,占总采购额的57.80%
  • 中国石油天然气股份有限公司江苏销售分公司
  • 江苏省天然气销售有限公司
  • 江苏建峰建设有限公司
  • 南通新华建筑集团有限公司
  • 江苏天迈新能源有限公司
  • 其他
供应商名称 采购额(元) 占比
中国石油天然气股份有限公司江苏销售分公司
15.77亿 33.80%
江苏省天然气销售有限公司
4.45亿 9.54%
江苏建峰建设有限公司
3.82亿 8.19%
南通新华建筑集团有限公司
1.48亿 3.18%
江苏天迈新能源有限公司
1.44亿 3.09%
前5大客户:共销售了3.26亿元,占营业收入的7.02%
  • 爱尔集新能源(南京)有限公司
  • 弓箭玻璃器皿(中国)有限公司
  • 南京电气绝缘子有限公司
  • 南京华新有色金属有限公司
  • 南京鼓楼医院
  • 其他
客户名称 销售额(元) 占比
爱尔集新能源(南京)有限公司
1.35亿 2.92%
弓箭玻璃器皿(中国)有限公司
8358.13万 1.80%
南京电气绝缘子有限公司
4490.57万 0.97%
南京华新有色金属有限公司
4184.96万 0.90%
南京鼓楼医院
1978.20万 0.43%
前5大供应商:共采购了19.31亿元,占总采购额的46.20%
  • 中国石油天然气股份有限公司江苏销售分公司
  • 江苏省天然气销售有限公司
  • 南京市土地矿产市场管理中心
  • 江苏建峰建设有限公司
  • 港华国际能源贸易有限公司
  • 其他
供应商名称 采购额(元) 占比
中国石油天然气股份有限公司江苏销售分公司
12.62亿 30.19%
江苏省天然气销售有限公司
2.97亿 7.10%
南京市土地矿产市场管理中心
1.84亿 4.40%
江苏建峰建设有限公司
1.09亿 2.60%
港华国际能源贸易有限公司
7981.43万 1.91%
前5大客户:共销售了3.46亿元,占营业收入的4.87%
  • 爱尔集新能源(南京)有限公司
  • 弓箭玻璃器皿(中国)有限公司
  • 南京电气绝缘子有限公司
  • 南京华新有色金属有限公司
  • 爱尔集新能源电池(南京)有限公司
  • 其他
客户名称 销售额(元) 占比
爱尔集新能源(南京)有限公司
1.29亿 1.81%
弓箭玻璃器皿(中国)有限公司
8174.28万 1.15%
南京电气绝缘子有限公司
4969.66万 0.70%
南京华新有色金属有限公司
4731.66万 0.67%
爱尔集新能源电池(南京)有限公司
3818.70万 0.54%
前5大供应商:共采购了53.42亿元,占总采购额的70.10%
  • 中国石油天然气股份有限公司天然气销售江苏
  • 国家金库南京市中心支库
  • 南京市财政局
  • 南京市土地矿产市场管理中心
  • 江苏省天然气销售有限公司
  • 其他
供应商名称 采购额(元) 占比
中国石油天然气股份有限公司天然气销售江苏
15.30亿 20.08%
国家金库南京市中心支库
13.95亿 18.31%
南京市财政局
10.71亿 14.05%
南京市土地矿产市场管理中心
7.08亿 9.29%
江苏省天然气销售有限公司
6.38亿 8.37%
前5大客户:共销售了1.98亿元,占营业收入的5.53%
  • 爱尔集新能源(南京)有限公司
  • 南京华新有色金属有限公司
  • 南京电气绝缘子有限公司
  • 安徽曜创华行商业地产顾问有限公司
  • 爱尔集新能源电池(南京)有限公司
  • 其他
客户名称 销售额(元) 占比
爱尔集新能源(南京)有限公司
6980.04万 1.95%
南京华新有色金属有限公司
3488.66万 0.97%
南京电气绝缘子有限公司
3427.85万 0.96%
安徽曜创华行商业地产顾问有限公司
3164.77万 0.88%
爱尔集新能源电池(南京)有限公司
2766.53万 0.77%
前5大供应商:共采购了28.12亿元,占总采购额的58.47%
  • 中国石油天然气股份有限公司天然气销售江苏
  • 南京市财政局
  • 江苏省天然气有限公司
  • 江苏建峰建设有限公司
  • 江苏省天然气销售有限公司
  • 其他
供应商名称 采购额(元) 占比
中国石油天然气股份有限公司天然气销售江苏
13.66亿 28.41%
南京市财政局
10.10亿 21.00%
江苏省天然气有限公司
1.70亿 3.53%
江苏建峰建设有限公司
1.46亿 3.04%
江苏省天然气销售有限公司
1.20亿 2.50%

董事会经营评述

  一、报告期内公司从事的主要业务  (一)能源产业  公司能源产业形成多元协同的业务布局,核心涵盖两大板块:一是以天然气销售及配套延伸服务为核心的城市燃气业务;二是聚焦“光储充换”、售电、虚拟电厂核心赛道的新能源产业以及包含新能源动力电池回收、电池PACK组装生产的废旧锂电池综合利用产业。  1.燃气产业  2026年上半年,国内燃气行业步入存量转型、供需宽松、分化整合的关键阶段。行业上游气源供应持续充足,全球LNG市场进入宽松周期,国内燃气需求由传统地产驱动转向存量刚性需求支撑。随着顺价机制日趋完善,气源资源储备能力成为决定企业盈利质量的核心要素,行业彻底摆脱地产增量依赖,管网安全升级改造... 查看全部▼

  一、报告期内公司从事的主要业务
  (一)能源产业
  公司能源产业形成多元协同的业务布局,核心涵盖两大板块:一是以天然气销售及配套延伸服务为核心的城市燃气业务;二是聚焦“光储充换”、售电、虚拟电厂核心赛道的新能源产业以及包含新能源动力电池回收、电池PACK组装生产的废旧锂电池综合利用产业。
  1.燃气产业
  2026年上半年,国内燃气行业步入存量转型、供需宽松、分化整合的关键阶段。行业上游气源供应持续充足,全球LNG市场进入宽松周期,国内燃气需求由传统地产驱动转向存量刚性需求支撑。随着顺价机制日趋完善,气源资源储备能力成为决定企业盈利质量的核心要素,行业彻底摆脱地产增量依赖,管网安全升级改造、综合能源服务转型成为核心增长动能。同时,行业安全监管趋于常态化、标准化,市场化改革持续纵深推进。
  报告期内,公司深耕燃气安全保供与市场拓展两大核心工作,稳步推动业务高质量发展。一是筑牢安全保供底线,严格落实企业安全生产主体责任,全面开展燃气安全隐患排查整治,有序推进南京市老旧燃气管道更新改造工程。创新推行抄表、安检、运维及延伸服务一站式作业模式,推进“一次上门解决客户问题”,大幅提升客户服务效率与体验。依托滨江LNG储配站,保障扩能管道稳定运行,持续强化城市燃气应急保供能力与供应韧性。二是深耕市场拓展赛道,聚焦居民、工商用户及大型工业项目开发,积极探索燃气延伸服务新业态、新模式,加速推进综合能源项目合作与部署。
  2.新能源产业
  公司新能源产业紧扣国家“双碳”战略部署,践行国企能源转型责任,以绿色低碳发展为核心驱动力,锚定“城市级智慧新能源系统解决方案服务商”战略定位,深耕“光储充换”、售电、虚拟电厂核心赛道,着力实现“四个一”发展目标,即“一揽子”解决方案能力、“一体化”基础设施布局、“一张网”智慧管理覆盖、“一平台”虚拟电厂中枢,全面布局绿色低碳战略性新兴产业。
  (1)光伏及储能业务
  2026年上半年,新能源行业政策从“鼓励扩产”转向“控产能、提质效、强安全、促融合”。光伏领域出台组件分级强制标准,严格管控新增制造产能、取消出口退税政策,通过市场化手段淘汰低效落后产能;储能领域全国容量电价政策落地实施,行业彻底摆脱单一补贴依赖,市场化盈利机制持续完善,打开长期稳定增长空间。同时,储能安全国标、N型光伏效率准入门槛、动力电池回收管理等多项硬性标准全面落地执行,行业技术规范与安全管控体系全面升级。
  报告期内,公司光伏业务稳步推进项目开发与常态化运营。截至2026年6月末,公司在运光伏电站43个,总装机规模达44.52MW,持续夯实绿色能源供给基础,稳步扩大清洁能源供给规模。
  (2)充电业务
  2026年上半年,国内充电行业从“规模扩张”全面迈入“用户价值驱动”的高质量发展阶段,形成车主综合服务、运营商自营、互联网平台聚合、电网官方服务、车企专属生态五大成熟业务赛道。
  报告期内,公司充电业务多元布局,实现公交充电与社会充电协同发展。公交充电板块规模化优势持续巩固,截至2026年6月末,拥有在营公交充电站17个,配套充电终端238个,装机功率达25280千瓦,形成稳定的基础运营底盘。社会充电板块聚焦精品化、规模化、网络化发展,重点打造大型、超大型示范补能站点,持续完善南京市充电基础设施“一张网”布局。2026年2月,和平路超充补能综合生态站正式投运;启航大道1号跨境电子商务产业园光储充一体化枢纽场站项目加速建设、有序推进。截至2026年6月末,公司累计在线运营社会充电站点255个,配备充电终端3494个,总装机功率164968千瓦,旗下“柚子充”服务品牌影响力持续提升,城市公共充电服务保障能力显著增强。
  (3)换电业务
  2026年上半年,二轮车换电行业进入精细化、规范化运营新阶段,整体呈现规模稳步扩容、市场竞争转向服务体验、下沉市场加速渗透的发展格局。行业合规标准全面升级,《电动自行车换电柜安全技术规范》已步入落地通道,对柜体防火控温、故障断电等安全核心指标提出强制要求,并推动电池包尺寸与通信协议的兼容互认;多地已普遍实行换电企业备案管理与运营准入制度,强化对换电柜和电池投放、充换电、回收全链条的动态监管,已实施的《电动自行车安全技术规范》(GB17761-2024)持续深化执行,行业合规运营成本显著提升。同时,全国多地深化“电池禁入户、飞线充电整治”专项行动,推动个人用户从自主充电向标准化换电模式转换,换电市场需求持续释放。
  报告期内,公司以公用宁换电公司为专业化运营主体,深耕城市二轮车换电网络布局,持续拓展全市优质核心点位。2026年3月末,顺利完成雨花台区电动二轮车换电“一张网”建设并正式投运;6月末,完成南京主城六区400个公共自行车站点全面踏勘,为下半年主城区换电网络规模化布局、精细化运营奠定坚实基础。
  (4)售电及虚拟电厂业务
  2026年上半年,售电行业彻底告别批零价差套利的粗放模式,在常态化强监管下出清低效存量产能,全面转向综合能源增值服务赛道。政策体系持续完善,国家能源局出台《电力零售市场基本规则》,补齐电力交易批零衔接、信息披露、履约风控全链条制度短板;3月《电力中长期市场基本规则》正式实施,全国全面推行“中长期交易+现货浮动定价”机制,多地要求60%-90%年度交易电量与现货价格联动,彻底终结全电量锁价的传统盈利模式。
  虚拟电厂行业步入规范化、规模化商用新阶段,国家标准落地定型。4月发布的《虚拟电厂技术导则》将于9月1日正式实施,统一行业接入、调度、结算、安全全流程技术规范。同时,虚拟电厂明确独立市场主体资质,可直接参与电力中长期交易、现货交易及辅助服务市场,无需电网中转对接;全国多个省份相继出台专项扶持政策,广东、山东、上海等地配套省市两级财政补贴,行业发展红利持续释放。
  报告期内,公司以能网云创公司为核心运营平台,售电与虚拟电厂业务实现市场拓展、能力输出双向突破。售电业务加速省外布局,有序推进上海、安徽、湖北三地售电资质申报筹备工作;2026年上半年新增3家电力零售用户,对应年度累计用电量1250万度。依托成熟的虚拟电厂与智慧售电运营体系,公司核心技术与运营能力实现跨省输出落地,南京新能源集团4月成功获得甘肃渭源200MW/800MWh独立储能运营托管服务项目,5月中标湖北荆州市荆开区虚拟电厂运营服务项目,开创了新兴业务模式并有效拓展了外省市场。
  (5)废旧锂电池综合利用业务
  2026年上半年,动力电池回收行业迈入高质量规范化发展的全新阶段。《新能源汽车废旧动力电池回收和综合利用管理暂行办法》生效并配套全国专项执法,有效遏制行业粗放无序发展乱象,全链条规范化管理体系全面落地。
  公司下属公用赣锋公司成立于2024年9月,主要业务涵盖资源循环利用服务技术咨询、新能源汽车废旧动力蓄电池回收及梯次利用(不含危险废物经营)、金属材料销售、金属废料和碎屑加工处理、资源再生利用技术研发、化工产品销售(不含许可类化工产品)、再生资源加工、电池销售。报告期内,退役锂电池综合利用项目仍在项目建设阶段,尚未正式投产运营。
  (二)房地产产业
  公司房地产业务坚守“严控风险、稳健经营、提质增效”核心方针,深耕南京本地精品低密住宅核心赛道,紧跟区域土地市场“减量提质”发展趋势,常态化跟踪南京主城及近郊优质低密度地块出让动态,开展实地踏勘与投资可行性研判。同步积极探索城市更新、产城融合、复合开发等新型投资模式,持续优化业务结构。
  2026年上半年,国内房地产行业整体呈现止跌回稳、稳步复苏、提质增效的发展态势,市场预期持续修复,行业正式告别规模扩张时代,迈入高质量发展新周期。政策端持续优化完善,3月国务院《政府工作报告》明确稳定房地产市场发展基调,政策重心从推动市场企稳转向构建长效发展机制,确立“因城施策、严控增量、盘活存量、优化供给”的核心思路。国家持续推进存量商品房盘活、保障性住房扩容、危旧房改造及高品质住宅建设工程,强化保交楼风险管控,重点保障初婚初育、多子女家庭住房改善需求,行业形成“存量盘活+品质升级”双主线发展格局。南京本地落地“宁六条”稳楼市政策,全面取消限购、限售限制,推出1%旧房换新贷款贴息、分层级人才房票补贴,放开公积金代际互助政策,延续二手房交易税费优惠,大幅降低住房置换成本,改善型购房需求成为市场核心支撑,二手房市场流通效率显著提升。
  报告期内,公司精准把握区域市场分化格局,动态优化在建、存量项目开发节奏与去化策略,各项经营工作有序推进、落地见效。新建低密改善类项目已办结全部前期审批手续,主体工程按计划高效施工,同步前置开展客群储备、品牌推广及营销筹备工作;已竣工项目圆满完成集中交付,持续夯实物业服务、工程维保工作,稳步推进项目清算收尾;存量尾盘项目通过多渠道整合营销,加速住宅、商铺、车位清盘去化,同步攻坚工程结算、品质整改等重点工作。
  (三)客运产业
  公司客运业务秉持“稳规模、优服务、促转型”的发展思路,统筹推进巡游出租车、旅游客运两大核心板块协同发展,加速车辆新能源替代升级,积极探索“巡网融合”运营模式,持续提升客运服务品质、安全运营水平与综合盈利能力。
  1.出租汽车运营
  2026年上半年,出租车行业处于监管改革落地、低效运力出清、电动化全面提速、供需结构调整的关键过渡期,整体呈现“网约车主导市场、巡游车承压经营、行业竞争内卷、政策托底增收”的发展特征。2月,国家七部门印发《2026年道路运输市场秩序整治工作方案》,实现巡游出租车与网约车统一准入标准、统一运价规则、统一抽成规范、统一处罚监管,行业监管全面一体化、标准化。当前出行市场运力趋于饱和,行业单车运营收益承压,新能源电动化转型成为巡游出租车企业提质降本、转型升级的核心刚需。2025年10月南京获批“巡网一体”试点城市,优质巡游出租车企业接入网约车平台,实现新旧业态同权、同价、同质服务,行业融合转型加速推进。截至2026年,南京近1.2万辆巡游出租车新能源渗透率已突破95%,绿色出行转型成效凸显。
  报告期内,公司积极响应行业改革与绿色转型要求,持续加大巡游出租车新能源更新置换与车辆发包力度,全力推进绿色出行体系建设。主动拥抱数字化业态,加速推进巡游车与网约车平台融合运营,实现新旧业态协同发展。截至2026年6月末,公司在运新能源出租车1691辆,占全部运营车辆的98%,其中完成巡网融合改造投放车辆73辆。同时,公司密切跟踪行业政策与市场变化,动态优化经营策略,有序开展换电型出租车市场调研、技术论证等前期筹备工作,提前布局行业新一轮转型机遇。
  2.旅游客运运营
  2026年上半年,依托国内文旅市场全面复苏、绿色交通转型提速的双重红利,旅游客运行业加速摆脱传统燃油运营模式,向绿色低碳化、服务精细化、业态多元化转型升级,行业市场需求稳步回暖、发展质量持续提升。
  报告期内,公司精准把握行业发展趋势,多维发力推动旅游客运业务提质扩容。一是紧跟文旅产业发展浪潮,持续优化车辆运力结构,动态迭代市场化经营策略,持续挖掘文旅客运增量市场;二是依托政府、高校、国企招投标准入优势,深耕通勤班车细分赛道,顺利完成多家企业通勤班车合约续签,成功中标多项高校、部队通勤服务新项目,以标准化运力、高品质服务建立长期稳定的合作体系,筑牢业务基本盘;三是加速投放新能源客运车辆,创新拓展经营业态,构建“景区接驳+通勤班车+停车运营”多业态协同发展格局,持续提升客运业务综合竞争力与抗风险能力。
  发展战略和未来一年经营计划
  1.优化产业发展结构,构建多元协同业务体系
  立足南京楼市市场分化格局,紧扣主城价值优势、远郊去化承压的行业特征,持续优化公司房地产业务布局与资产结构,着力构建主业稳固、存量激活、增量多元的稳健发展体系。
  一是聚焦主城深耕,夯实开发主业底盘。精准聚焦河西南、江心洲、鼓楼、江宁、南部新城等主城优质板块,坚持精品化、改善型开发路线,择优获取低密涉宅优质地块,重点打造改善洋房、四代宜居产品,持续提升住宅开发主业品质与市场竞争力。
  二是推进存量出清,提升资产经营效能。全面梳理低效资产、弱势业务及存量合作项目,有序开展低效劣势企业清理整治,分层分类推进存量项目股权退出,逐步剥离远郊增值乏力、盈利薄弱的存量资产。集中资源投向主城优质土储及重点在建项目,有效提升资产周转效率与整体盈利水平。
  三是拓展新兴业态,培育增长第二曲线。主动顺应城市更新发展趋势,积极拓展城市更新、低效用地复合开发等轻资产业务,对冲住宅行业周期性波动风险,全面构建“核心开发+存量盘活+城市更新”三位一体的多元协同业务格局。
  2.抓实全链条精准风控,筑牢国资稳健经营底线
  围绕项目合作、成本财务、存量回款全流程,建立闭环风控体系,严守国资经营安全底线,保障企业持续稳健经营。
  一是闭环管控合作项目风险。建立合作股东、施工单位、渠道合作方分级准入、动态考评、优胜劣汰机制,前置风险条款,在合作协议明确股权退出、债务分摊、风险隔离、违约责任等核心约定。常态化监控合作方资金状况、涉诉信息及信用资质,严防连带诉讼与系统性风险。完善交付全流程管控,推行分户查验、实景预开放、集中交付三级管理,搭建24小时客诉维修闭环机制,最大限度压降交付纠纷与业主维权风险。
  二是刚性管控成本财务红线。严格执行限额设计、工程签证月清月结、分阶段清标复盘等管理制度,严守目标成本底线,杜绝超预算、超支成本问题。统筹全局资金调度,有序压降存量贷款,持续优化融资结构,降低综合融资成本,夯实企业财务稳健基础。
  三是分类盘活存量加速回款。实行差异化存量去化策略,依托房票安置、以旧换新政策,通过自主销售、工抵包销双线推进尾盘住宅去化;通过业主优惠、工程款抵付等方式加快车位清库;对滞销商铺采取先租后售、运营托管、业态升级模式,全面提升存量资产利用率与资金回笼速度。
  3.创新转型经营模式,构建产服融一体化竞争优势
  坚持产品迭代、运营升级、布局优化三位一体转型,持续补齐经营短板,塑造市场化、专业化、精细化核心竞争优势。
  一是迭代产品服务体系,强化口碑营销能力。聚焦140㎡以上改善三四房、主城低密洋房核心赛道,全面落地绿色建筑、装配式建筑、BIM数字化建造及全屋智能配套,持续提升产品品质与项目溢价。标准化推行专属验房、透明结算、长效维保服务,搭建高端业主社群运营体系,依托优质服务沉淀市场口碑,实现老带新常态化拓客。
  二是推进智慧运营赋能,创新地产金融模式。联动科技企业搭建智慧社区数字化运营平台,运用物联网、大数据实现园区运维、物业服务、社区管理智能化管控,压降运营成本、提升管理效能。积极探索不动产基金合作模式,打造“开发建设+持有运营+资本退出”全周期经营体系,丰富租金、资产增值等多元收益来源,降低对住宅销售单一营收依赖。
  三是优化精准投资布局,缩小行业竞争差距。坚决规避远郊高库存、低去化风险区域,深耕主城及近郊优质小型低密地块,聚焦高周转、稳收益、高价值项目。常态化对标头部房企成熟管理经验,在产品研发、营销运营、存量管理、内部管控等方面持续优化体系、补齐短板,全方位提升企业市场化核心竞争力。
  向商品房承购人因银行抵押贷款提供担保
  截至报告期末,公司为商品房承购人因银行抵押贷款提供的阶段性担保余额为35,132.50万元。本报告期,公司未发生因承担阶段性担保责任而支付金额的情形。

  二、核心竞争力分析
  (一)能源产业
  公司控股子公司南京港华特许经营区域覆盖江南主城玄武区、鼓楼区、秦淮区、建邺区、雨花台区、栖霞区及江宁区汤山部分区域,服务总面积约800平方公里;拥有天然气接收门站2座、天然气高中压调压站8座,LNG应急调峰储配站2座,有效增强城市燃气保供韧性;拥有覆盖经营区域内的完整高中低压管网系统,管网互联互通,输配调度能力较强;与中石化、中石油等上游气源供应商建立了长期稳定的合作关系,气源供应保障可靠;拥有燃气经营许可证、燃气燃烧器具安装维修建筑业企业资质证书、保险兼业代理、市政行业(城镇燃气工程)专业甲级工程设计资质证书等。
  公司全资子公司新能源集团聚焦光伏、储能、充电、换电、市场化售电、虚拟电厂聚合运营等核心业务,通过“投资+并购”等模式,积极布局绿色低碳战略性新兴产业。截至2026年6月底,实现在运营光伏电站超40座,累计装机容量约45兆瓦,在运营“柚子充”社会充电站超250座,在运营公交充电站17座,累计装机功率约19万千瓦,充电业务规模位居南京市第二,售电业务上半年交易量约2亿度,服务数十家大型工商业客户,积累了较为丰富的电力交易行业经验。2026年上半年,成功获得甘肃渭源200MW/800MWh独立储能电站运营托管服务项目及湖北荆州经开区192.8MW虚拟电厂运营服务项目两大跨省亿元级标杆项目,标志着公司具备同步承接多省份大型能源数字化项目的交付能力。2026年5月成功获评“2026中国充换电行业十大城投运营商品牌”“2026充换电行业TOP100运营商”两项荣誉。
  (二)房地产产业
  公司所属房地产开发主体均拥有所需的相应资质,秉承“建筑城市,建筑理想”的立业宗旨,借助上市公司的综合实力,通过统筹规划设计、全程质量控制,赢得了市场信誉,创建了和输出了“中北地产”品牌,已成为南京本土知名房地产开发企业。
  (三)客运产业
  1.出租汽车产业具备出租车营运相应的行业资质,行业规模保持江苏省及南京市领先位置,在运规模高于巡游出租车行业平均水平。截至报告期末,在运出租车共计1722辆,其中新能源出租车在运共计1691辆(占比98%),巡网融合车辆已投放73辆。
  2.旅游客运产业持有国家二级道路旅客运输资质、安全生产标准化一级资质,通过质量管理、环境管理、职业健康安全管理三标体系认证,持有省际包车运营牌照55张、市际包车运营牌照67张。自有营运车辆140台,2026年上半年新增15台新能源客车。独家运营中山陵景区接驳专线,覆盖全市51条通勤班线,积累大客流应急调度与文旅客运服务经验。客运主业与停车场运营业务互补,多元经营模式持续增强企业抗风险能力。
  (四)其他产业
  1.汽车服务产业取得了多品牌在南京地区对公业务经销商资质;修理厂具有一级资质并被长安新能源和比亚迪新能源品牌授权开展保养、维修业务。通过产业整合互动,已形成汽车销售、维修保养、保险代理及二手车交易等完整的汽车服务产业链。
  2.旅游服务产业是由国际航空运输协会(IATA)、国家民航总局特许经营的航空售票单位,政府采购机票授权服务商。现为国际航空协会成员,具备国际航空资格证书、国际机票销售上岗证书,以此提供专业、熟练的差旅购票服务。
  各产业以自身资源优势,通过多方面的互动、协同开展业务经营,在管理层面积累了丰富经验,为公司可持续的健康发展奠定坚实基础。

  三、公司面临的风险和应对措施
  (一)能源产业
  1.城市燃气
  经营风险:当前国际能源供需格局复杂多变,国际油气价格波动频繁,燃气行业上游供应不确定性持续加大。国内油气主营企业气源采购价格持续上调,公司成本端承压显著;同时下游工业用户压降用气价格诉求强烈,进一步压缩主营业务利润空间,存在优质客户流失风险。受宏观经济波动、行业政策调整叠加影响,燃气行业传统经营模式承压,产业转型升级迫在眉睫。从区域经营来看,公司燃气特许经营范围集中于南京市主城区域,市场趋于饱和,外部拓展空间受限,用户增量增长乏力,存量深耕、提质增效成为核心经营重点,整体行业经营挑战持续加剧。
  应对措施:一是稳成本、畅传导。持续深化与上游气源供应商常态化沟通对接,实时跟踪国际、国内能源价格走势,多策并举压降综合采购成本。积极与地方政府价格主管部门沟通,全力推动区域上下游价格联动机制落地见效,实现气源成本合理、及时传导,有效对冲成本上涨压力。二是保安全、强运维。常态化开展燃气管网、场站设备巡检排查,有序推进老旧管网更新改造,消除设施安全隐患。健全完善应急指挥、处置、保障全链条体系,加强应急演练,全面提升突发险情处置能力。依托数字化、智能化技术赋能管网运维,持续提升燃气运行安全水平。三是拓业态、提韧性。稳固现有存量用户基本盘,深耕社区服务场景,落地客户服务进社区、“移动窗口”服务等便民举措,提升用户粘性。积极培育燃气延伸增值业务,挖掘新利润增长点。精准研判能源行业发展趋势,积极探索综合能源项目开发建设,激活企业内生增长动力,推动燃气主业高质量可持续发展,增强企业抗周期、抗风险能力。
  2.新能源产业
  (1)“光储充换”、售电、虚拟电厂业务
  经营风险:公司充换电、分布式光伏、工商业储能等新能源核心业务对优质屋顶场地、闲置土地、电网接入容量等核心资源依赖性强,受城市土地资源紧缺、电网扩容受限等要素制约,业务规模化拓展难度加大。同时电力市场化改革持续深化,行业盈利规则持续调整。自2025年5月新增并网光伏项目取消国网兜底电价,叠加南京新能源运营补贴持续退坡、省内峰谷电价价差收窄,储能传统套利模式收益大幅收缩。伴随电力现货交易全面落地、虚拟电厂及电力交易政策动态调整,行业盈利逻辑持续重构,不确定性显著增加。此外,充换电设备技术快速迭代、二轮出行换电行业监管持续收紧,市场波动加剧;虚拟电厂、智慧售电等新兴业态仍处于培育阶段,尚未形成成熟稳定的盈利模式,对公司项目投资研判、精细化运营、风险管控及复合型专业人才储备提出更高要求,新能源板块整体经营压力持续攀升。
  应对措施:公司坚持合规经营、提质增效、多元拓界的发展思路,稳步推动新能源各业务板块稳健扩量、转型升级。一是深耕场景、规模拓量。聚焦江浙沪皖优质区域,深挖分布式光伏高价值应用场景,审慎推进项目并购、新设主体等规模化布局,持续扩大光伏业务体量。优化充换电场站布局,深耕重卡物流充电细分赛道,升级“光储充+多元服务”业态,持续优化业务结构、提升经营效益。二是布局新赛道、对冲政策风险。主动布局构网型储能、风电等优质新能源赛道,积极拓展源网荷储一体化、绿电直连等新业态,构建多元收益体系,有效对冲电价政策调整带来的经营压力。持续优化售电交易策略,依托AI技术提升用电负荷预测精准度,加速虚拟电厂平台迭代升级,培育成熟市场化盈利模式。三是精细运营、夯实根基。推进新能源场站精细化、数字化运营,针对性开展低效站点提质增效工作,强化老旧设备运维管控,完善数字化运营管理体系。深化产业链战略合作,补齐新能源专业人才短板,全面提升市场化运营、投资风控、创新发展综合能力,筑牢新能源产业稳健发展基础。
  (2)废旧锂电池综合利用业务
  经营风险:2026年上半年项目处于建设期,渠道搭建、原料议价、成本管控暂存短板;投产初期工艺优化、人员磨合需周期,阶段性毛利率或低于行业成熟水平。新企业品牌认知度偏低,需加大市场推广与客户开发投入。暂未组建自有研发团队,技术迭代速度短期或落后于头部企业,自主研发能力培育尚需数年积累。
  应对措施:通过股东资源导入、专业技术团队赋能,借鉴成熟运营经验,推动项目从建设快速转向稳定生产,同步梳理优化全流程成本结构,稳步提升盈利水平。借助两大上市股东的品牌影响力与产业渠道资源,加快上下游客户拓展,压缩市场培育周期。投产初期借力赣锋锂业技术支持,逐步搭建自有内部研发团队。
  (二)房地产产业
  经营风险:当前房地产行业受宏观经济、信贷调控、财税及土地政策多重约束,市场整体处于深度调整周期,行业结构性分化态势持续加剧。房地产行业具备投资体量较大、开发周期较长、资金占用率高的特点,房价波动进一步放大经营不确定性。同时行业回款节奏放缓,存量资产去化难度加大,叠加信贷政策动态调整,项目资金沉淀严重、融资成本持续走高,阶段性现金流紧张风险突出,对公司项目运营及资金周转造成较大压力。
  应对措施:一是精准研判、优化投资布局。建立市场行情、行业政策常态化研判及量化监测机制,动态调整投资拿地、项目推盘、销售定价策略。规避远郊高库存、低去化风险区域,集中资源深耕主城优质低密地块。依托房票置换、工抵销售、渠道包销等多元方式,加速存量房源、闲置资产去化,盘活沉淀资金。二是创新模式、对冲周期波动。积极推行联合拿地、战略合作开发模式,分摊土地获取及项目建设成本,压降自有资金投入比例。大力布局城市更新、低效用地盘活等轻资产业务,优化业务结构,对冲住宅行业周期性波动风险。三是分类盘活、严控经营成本。针对住宅、车位、商业物业制定差异化盘活处置方案,对滞销商业物业推行先租后售、运营托管模式。专项攻坚合作项目债务化解工作,加快低效项目股权退出,快速回笼资金。实行项目全周期动态成本管控,压降开发贷融资成本。四是前置风控、规避合作风险。建立合作单位资信分级准入、动态考评机制,在合作协议中固化风险隔离、债务分摊、股权退出、违约追责等核心条款。常态化排查合作主体涉诉、失信、资金风险,前置化解法律及经营隐患,杜绝连带损失。
  (三)客运产业
  1.出租汽车运营
  经营风险:出租汽车行业监管政策持续优化调整,运价机制调整、网约车行业规范化监管等政策变动,对传统出租行业经营格局造成较大影响。同时自动驾驶、无人出租技术加速落地迭代,新业态逐步冲击传统出租运营模式,行业转型升级压力凸显。
  应对措施:一是紧盯政策导向。常态化跟踪行业监管、运价调整等政策动态,加强与行业主管部门沟通对接,依规合规开展经营,切实保障企业合法经营权益。二是深化平台合作。优化与主流网约车平台的合作模式,实现运力、客源、资源优势互补,盘活存量运力资源,提升运营效率。三是前瞻布局转型。持续跟踪自动驾驶、智慧出行行业新技术、新业态发展趋势,加强与科技企业、出行平台战略合作,积极探索传统出租业态转型升级路径。
  2.旅游客运运营
  经营风险:燃油价格持续波动上涨,老旧燃油客运车辆占比较高,燃油、维保刚性运营成本持续攀升。同时旅游客运行业市场主体增多,同质化竞争加剧,行业利润空间持续压缩,经营压力持续增大。
  应对措施:一是优化运力结构、压降运营成本。结合实际运营需求,分批次、分阶段更新新能源客运车辆,优化运力配置。依托公交场站资源,联动新能源企业搭建一体化充电配套体系,有效压降燃油消耗、车辆维保等刚性运营支出。二是深耕细分市场、强化优势竞争。依托企业客运资质优势,深耕研学出行、企业团建、景区接驳等增量细分赛道,拓展文旅跨界合作资源。以标准化、高品质客运服务稳固核心客源,放大差异化竞争优势。严格落实安全生产标准化一级资质及三体系认证管理要求,全面合规运营,全方位化解行业竞争及经营风险。 收起▲

产品价格

数据截至(20260914)
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20260914,5.79,2.83,-0.51546391752578,0,20260914
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