股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年10月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國水發興業能源集團有限公司 呈交日期: 2025年11月4日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00750 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 3,200,000,000 | USD | | 0.01 | USD | | 32,000,000 | | 增加 / 減少 (-) | | | | | | | USD | | | | 本月底結存 | | | 3,200,000,000 | USD | | 0.01 | USD | | 32,000,000 | 本月底法 ...

Core Viewpoint - The photovoltaic stocks have collectively risen, with significant increases observed across various companies, indicating a positive market sentiment in the solar energy sector [1]. Company Performance - Xinte Energy (01799) saw a price increase of 8.49%, reaching 8.560, with a trading volume of 236.99 million and a market capitalization of 12.241 billion [2]. - GCL-Poly Energy (03800) increased by 5.30% to 1.390, with a trading volume of 530 million and a market capitalization of 42.409 billion [2]. - GCL-New Energy (00451) rose by 4.41% to 0.710, with a trading volume of 549,400 and a market capitalization of 1.104 billion [2]. - Sunshine Energy (00757) increased by 4.08% to 0.102, with a trading volume of 16,400 and a market capitalization of 0.339 billion [2]. - Xinyi Solar (00968) saw a 2.73% increase to 3.760, with a trading volume of 10.1 million and a market capitalization of 34.393 billion [2]. - Other companies such as Kaisheng New Energy (01108), Xinyi Energy (03868), and Fuchai Glass (06865) also reported positive price movements ranging from 1.28% to 2.14% [2]. Industry Developments - According to a report by Shanghai Securities News, GCL Group's chairman, Zhu Gongshan, mentioned that 17 leading companies in the photovoltaic sector have signed agreements for joint capacity storage [2]. - Shenwan Hongyuan released a research report stating that polysilicon is a key focus for combating industry competition, and the establishment of a joint platform will accelerate supply-side reforms in polysilicon [2]. - The report also indicated that the ongoing efforts to combat competition are leading to noticeable recovery in industry prices and profitability, with expectations for price increases starting in Q3 2025 under a "not below cost sales" pricing regulation [2].

Group 1 - Hong Kong solar stocks experienced a significant rise, with New Special Energy leading the increase by over 8%, followed by GCL-Poly Energy with over 6% and Sunshine Energy, GCL New Energy with over 4% [1] - Sunshine Power's Q3 earnings exceeded expectations, reporting a net profit of 4.147 billion yuan, a year-on-year increase of 57.04% [1] - Ganfeng Lithium turned a profit in the first three quarters compared to the previous year, while TCL Zhonghuan reported a significant reduction in losses both year-on-year and quarter-on-quarter [1] Group 2 - The "14th Five-Year Plan" emphasizes the development of new energy storage and the establishment of market and pricing mechanisms suitable for the new energy system, which supports not only solar installations but also addresses the issue of renewable energy consumption [1] - The plan highlights the need for coal power transformation, development of pumped storage and new energy storage, and acceleration of smart grid construction, benefiting related industries such as energy storage and grid equipment [1] - Chinese manufacturers have a significant cost advantage in overseas markets due to the scale of energy storage cell and battery system production, allowing them to win large projects at lower Levelized Cost of Energy (LCOE) [1] Group 3 - According to the CESA Energy Storage Application Association database, the total scale of new overseas orders/cooperation for Chinese energy storage from January to September 2025 reached 214.7 GWh, a year-on-year increase of 131.75% [1]

Core Viewpoint - The company has successfully completed the issuance of its second phase of bonds, indicating a strategic move to optimize its debt structure and reduce financing costs [1] Group 1: Bond Issuance Details - The second phase of bonds has a total issuance size of RMB 200 million [1] - The bonds have a maturity period of five years with a coupon rate of 3.18% [1] - The company will have the option to adjust the coupon rate at the end of the third year, while bondholders will have the right to sell back the bonds [1] Group 2: Financial Strategy - The company aims to cover short-term debts with long-term bonds, which is part of its strategy to lower financing costs [1] - The focus is on replacing high-cost funds with low-cost financing to optimize the overall debt structure [1]

Core Viewpoint - The company has successfully completed the issuance of its first phase of non-public debt financing tools for 2025, with a total issuance scale of RMB 800 million [1] Group 1: Debt Issuance Details - The company registered and completed the issuance of the second phase of bonds on October 27, 2025, with a face value of RMB 200 million [1] - The bonds have a maturity period of five years and a coupon rate of 3.18% [1] - The company will have the option to adjust the coupon rate at the end of the third year, while bondholders will have the right to sell back the bonds [1] Group 2: Financial Strategy - The company aims to continuously cover short-term debts with long-term debts, replacing high-cost funds with low-cost funds to reduce financing costs and optimize its debt structure [1]

Core Viewpoint - The company has successfully completed the issuance of its second phase of bonds, indicating a strategic move to optimize its debt structure and reduce financing costs [1] Group 1: Bond Issuance Details - The second phase of bonds has a total issuance size of RMB 200 million [1] - The bonds have a maturity period of five years with a coupon rate of 3.18% [1] - The company will have the option to adjust the coupon rate at the end of the third year, while bondholders will have the right to sell back the bonds [1] Group 2: Financial Strategy - The company aims to cover short-term debts with long-term bonds, which is part of its strategy to replace high-cost funds with low-cost financing [1] - This approach is expected to lower overall financing costs and optimize the company's debt structure [1]

（於百慕達註冊成立之有限公司） （股份代號：750） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 China Shuifa Singyes Energy Holdings Limited 中國水發興業能源集團有限公司 本公告並不構成認購或購買任何債券或本公司其他證券的要約或邀請或招攬 或 誘 導 要 約 或 組 成 其 中 部 分，本 公 告 亦 不 擬 就 本 公 司 任 何 證 券 提 出 邀 請 要 約。 承董事會命 中國水發興業能源集團有限公司 副主席兼執行董事 完成發行 二零二五年第二期債務融資工具 茲 提 述 中 國 水 發 興 業 能 源 集 團 有 限 公 司（「本公司」）於 二 零 二 五 年 九 月 九 日 發 布 的 關 於 完 成 發 行 二 零 二 五 年 第 一 期 非 公 開 發 行 債 務 融 資 ...

Core Viewpoint - The company, Shuidafengye Energy, has agreed to acquire 100% equity of Guizhou Xingye Green Energy Technology Co., Ltd. for a total consideration of RMB 600 million, which includes cash payment and debt assumption, as a resolution to ongoing litigation [1][3]. Group 1: Acquisition Details - The acquisition involves a cash payment of RMB 216 million and the assumption of debts totaling RMB 384 million owed by the target company to the seller [1]. - The total consideration for the acquisition amounts to RMB 600 million [1]. Group 2: Target Company and Business Operations - Guizhou Xingye Green Energy Technology Co., Ltd. is primarily engaged in the maintenance management of photovoltaic power stations and electricity sales [1]. - The company has faced legal issues related to land use violations, resulting in the dismantling of a 100MW photovoltaic power station, which now operates at a reduced capacity of 65MW [2]. Group 3: Legal Context and Financial Implications - The litigation involves claims of approximately RMB 361 million from the seller, including losses from dismantling the power station and delayed electricity sales [2]. - The company anticipates significant compensation liabilities due to the litigation, particularly related to the dismantling losses of about RMB 253 million [3]. - The acquisition is viewed as a means to mitigate potential damages from the lawsuit and improve the company's credit rating by releasing assets currently under preservation orders [3]. Group 4: Strategic Benefits - The board believes that the acquisition will complement the company's existing business and enhance productivity and revenue sources [3]. - The company expects to achieve a pre-tax profit of approximately RMB 163 million upon completion of the acquisition, considering the debt waiver and the discounted acquisition price [3].

Group 1 - The company, Shui Fa Xing Ye Energy, announced the acquisition of 100% equity in Guizhou Xing Ye Green Energy Technology Co., Ltd. for a total cash consideration of RMB 216 million, along with assuming debts of RMB 384 million, resulting in a total acquisition cost of RMB 600 million [1] - The target company specializes in photovoltaic power station maintenance management and electricity sales in China [1] Group 2 - The company may face significant compensation liabilities in a lawsuit, particularly related to losses from dismantling power stations amounting to approximately RMB 253 million [2] - The acquisition is viewed as a means to resolve the EPC contract-related disputes, allowing the company to acquire the target equity and settle debts at a net amount of RMB 133 million after debt exemptions [2] - The board believes that the acquisition will complement the company's existing business, enhance productivity and scale, and expand revenue sources [2]

China Shuifa Singyes Energy Holdings Limited 中國水發興業能源集團有限公司 （於百慕達註冊成立之有限公司） （股份代號：750） 主要交易 收購目標公司100%股 權 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告之內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示 概 不 就 因 本 公 告 全 部 或 任 何 部 分 內 容 而 產 生 或 因 倚 賴 該 等 內 容 而 引 致 之 任 何 損 失 承 擔 任 何 責 任。 收購目標公司100%股 權 於 二 零 二 五 年 十 月 二 十 一 日（交 易 時 段 後），本 公 司、賣 方 與 目 標 公 司 訂 立 股 權 轉 讓 協 議，據 此(1)本公司同意收購而賣方同意出售目標公司合共100%股 權，現 金 代 價 為 人 民 幣216,025,300元；及(2)本公司同意承擔並以現金償還目 標 公 司 欠 付 賣 方 的 債 務，總 金 額 為 人 民 幣383,974,700元。故 此，收 購 事 項 的 總代價為人民幣600,000, ...