Core Viewpoint - The report from Guojin Securities highlights the impact of high temperatures on electricity demand and the challenges faced by various sectors in the energy industry, particularly in the context of Q3 performance and the influence of policy changes on renewable energy [1] Group 1: Industry Performance - Thermal power sector shows a positive year-on-year growth in electricity generation due to lower water levels and a low base effect, with a net profit increase of 1.9% in Q2 2025 despite a decline in revenue [1][2] - The renewable energy sector is experiencing pressure on revenue and performance due to unfavorable wind resources, increased curtailment rates, and declining market electricity prices, leading to negative growth in both revenue and net profit in Q2 2025 [2][3] - Hydropower performance varies significantly across regions, with overall water levels being stable to abundant, resulting in a 10.6% year-on-year increase in net profit for the hydropower sector in the first half of 2025 [2][4] Group 2: Key Company Insights - In the thermal power sector, Datang Power achieved a revenue of 26.99 billion yuan in Q2 2025, a decrease of 2.13% year-on-year, while net profit rose by 31.8% [3] - For renewable energy, Three Gorges Energy added 2.181 million kilowatts of new installed capacity in the first half of 2025, with total electricity generation reaching 39.31 billion kilowatt-hours, an increase of 8.9% year-on-year, although the growth rate of electricity generation lagged behind the installed capacity growth [3] - In the nuclear power sector, China General Nuclear Power's electricity generation increased by 6.9% year-on-year in the first half of 2025, but revenue declined by 0.5% due to falling market prices [3]

Core Viewpoint - The largest "thermal power molten salt heat storage" project in China has been fully operational at the Suzhou Power Plant in Anhui, effectively addressing the dual challenges of heating and power generation in thermal power plants [1] Group 1 - The project represents a significant advancement in thermal power technology, enabling more efficient energy management [1] - The operationalization of this project marks a milestone in resolving the heating and power generation dilemma faced by thermal power plants [1]

来源：国资小新 西藏自治区成立60周年之际，国务院国资委新闻中心携手环球网、哔哩哔哩推出"视觉新国企 · 幸福 宝'藏'"主题活动，踏上雪域高原，实地探访央企在西藏建造的"大家伙们"——从青藏铁路到光伏风电， 从机场油库到示范村落……原来"世界屋脊"上的超级工程这么酷！第四期看中国华能的加娃光储电站如 何在西藏开启"阳光变现"计划。 阳光变绿电，绿电促发展，鼓了藏族同胞的"钱袋子"，家门口"阳光变现"可真香！ 去过西藏的、还没去但特别想去的，通通放下手里的活儿看过来，平均海拔4500米"世界屋脊"上惊现 6158亩"光伏蓝海"，（什么？你问这相当于多少个标准足球场？解：∵1亩≈666.67平方米∵一个标准足 球场面积≈7140平方米∴(⊙o⊙)我数学一般，麻烦帮我算一下（哭）） 一场"阳光变现计划"已在这里启动，主角就是西藏已建最大光储发电项目——中国华能加娃光储电站。 它是如何把西藏的阳光"变现"成了绿色"千瓦数"和民生"钱袋子"，往下看↓↓↓ 加娃光储电站装机25万千瓦，每年能从阳光里"薅"到超3.7亿度绿电，相当于每年可节约标准煤约11.15 万吨，减少二氧化碳排放约30.56万吨。 这里发出的绿电，可 ...

Group 1 - The independent director system plays a crucial role in promoting standardized operations of listed companies, protecting the legitimate rights and interests of small and medium investors, and fostering the healthy and stable development of the capital market [1] - In the A-share market, the highest remuneration for independent directors is 1.07 million yuan, while the lowest is 9,600 yuan, with 61 independent directors earning over 500,000 yuan and 6,545 earning less than 100,000 yuan [1] - Over 2,000 independent directors are aged 65 and above, including 23 who are over 80 years old, and more than 3,500 are aged between 60 and 69 [1] Group 2 - In 2024, He Qiang served as an independent director for three listed companies, receiving a total remuneration of 610,000 yuan, with specific amounts of 150,000 yuan from Jingwang Electronics, 160,000 yuan from Kaipu Cloud, and 300,000 yuan from Huaneng International [1] - He Qiang attended all board meetings and shareholder meetings for the companies he served, voting in favor of all resolutions without raising any objections or abstentions [3] - He Qiang holds multiple independent director positions, including at Huaneng International, Jingwang Electronics, Kaipu Cloud, Guoyuan Futures, China Minsheng Trust, and Yingda Fund, and has a notable academic and governmental background [3]

Group 1 - The independent director system plays a crucial role in promoting standardized operations of listed companies, protecting the legitimate rights and interests of small and medium investors, and fostering the healthy and stable development of the capital market [1] - In the A-share market, the highest remuneration for independent directors is 1.07 million yuan, with 217 independent directors not receiving any remuneration, while the lowest remuneration is 9,600 yuan. Additionally, 61 independent directors earn over 500,000 yuan, and 6,545 earn less than 100,000 yuan [1] - Over 2,000 independent directors are aged 65 and above, with 23 being over 80 years old, and more than 3,500 are aged between 60 and 69 [1] Group 2 - In 2024, He Qiang served as an independent director for three listed companies, receiving a total remuneration of 610,000 yuan, with specific amounts of 150,000 yuan from Jingwang Electronics, 160,000 yuan from Kaipu Cloud, and 300,000 yuan from Huaneng International [1] - He Qiang attended all board meetings and shareholder meetings for the companies he served, voting in favor of all resolutions without raising any objections or abstaining [3] - He Qiang holds multiple independent director positions, including at Huaneng International, Jingwang Electronics, Kaipu Cloud, Guoyuan Futures, China Minsheng Trust, and Yingda Fund, and has a notable academic and governmental background [3]

专题：2024年度A股独立董事数据报告 炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 独立董事制度作为上市公司治理结构的重要一环，在促进公司规范运作、保护中小投资者合法权益、推 动资本市场健康稳定发展等方面发挥了积极作用。新浪财经《2024年度A股独董数据报告》显示，在A 股上万名独董中，最高报酬107万元，除217位独立董事未领取报酬外，最低报酬9600元，61位独董报酬 超50万，6545位独董报酬不足10万；65岁以上的超过2000人，其中超过80岁的有23人，60岁至69岁的超 过3500人。 2024年开普云共召开10次董事会会议、3次股东大会，贺强均按时出席上述会议。同时，对公司董事会 审议的各项议案均投以赞成票，没有提出异议的事项，也没有反对或弃权的情形。 2024年华能国际共召开8次董事会会议、1次股东大会，1次临时股东大会，贺强均按时出席上述会议。 同时，对公司董事会审议的各项议案均投以赞成票，没有提出异议的事项，也没有反对或弃权的情形。 资料显示，贺强，现任华能国际独立董事，中央财经大学金融学院教授，博导，深圳市景旺电子独立董 事，开普云独立董事，国元期货独立董 ...

and and on the more and with the person and personal program. 27 Home W 目錄 36 備查文件 | 37 | 獨立核數師報告 | | --- | --- | | 39 | 中期簡要合併資產負債表（未經審計） | | 42 | 中期簡要合併綜合收益表（未經審計） | | 45 | 中期簡要合併權益變動表（未經審計） | | 47 | 中期簡要合併現金流量表（未經審計） | | 50 | 未經審計的中期簡要合併財務資料 附註 | | 110 | 境內外財務報表差異調節表 | 華 能 國 際 電 力 股 份 有 限 公 司 T Huaneng Power International, Inc. 股份代號：902 2025 中 期 報 告 are and 增 添 動 明天 為 按照國際財務報告準則編製 2 二零二五年中期業績 2 上半年業務回顧 3 下半年業務展望 4 管理層討論與分析 19 股本結構 19 購買、出售或贖回股份 20 主要股東持股情況 21 在本公司股份及相關股份中的 重大權益與淡倉 22 董事、監事購買股份之權利 22 公眾持股 ...

華 能 國 際 電 力 股 份 有 限 公 司 T Huaneng Power International, Inc. 股份代號：902 2025 中 期 報 告 are and 增 添 動 明天 為 and and on the more and with the person and personal program. 27 Home W 目錄 36 備查文件 | 37 | 獨立核數師報告 | | --- | --- | | 39 | 中期簡要合併資產負債表（未經審計） | | 42 | 中期簡要合併綜合收益表（未經審計） | | 45 | 中期簡要合併權益變動表（未經審計） | | 47 | 中期簡要合併現金流量表（未經審計） | | 50 | 未經審計的中期簡要合併財務資料 附註 | | 110 | 境內外財務報表差異調節表 | 按照國際財務報告準則編製 2 二零二五年中期業績 2 上半年業務回顧 3 下半年業務展望 4 管理層討論與分析 19 股本結構 19 購買、出售或贖回股份 20 主要股東持股情況 21 在本公司股份及相關股份中的 重大權益與淡倉 22 董事、監事購買股份之權利 22 公眾持股 ...

Core Insights - The rapid advancement of digital technology is driving the development of the data industry, with an increasing number of companies emerging to explore data value [1][3] - Data is becoming an essential internal demand for enterprises, necessitating a shift towards data-driven management to enhance the efficiency of industrial chains [3][4] - There is a growing consensus across various sectors on the importance of activating data value, with nearly 500 digital technology companies established by central enterprises and about 66% of industry leaders having purchased data [3][4] Group 1 - The National Energy Investment Group is leveraging data to empower the entire industrial chain, focusing on coal, electricity, transportation, and chemicals to achieve high-quality intelligent development [3][4] - The company is developing industry-specific large models, such as the "Qingyuan" model for the power generation sector, which covers critical business areas like safety, environmental protection, and equipment maintenance [4] - The group is also utilizing high-quality data to support typical applications, including coal quality testing, energy meteorology integration, and smart chemical processes, aiming to create a new blueprint for data application [4]

8月23日，中国华能在青海省共和光伏园区建成投产全球首个5兆瓦商用级钙钛矿光伏实 证基地，标志着我国钙钛矿光伏技术从实验室阶段迈向规模化示范应用。 中国华能将进一步构建钙钛矿光伏"技术研发-技术服务-成果转化"体系，助力集团公司 新能源大基地建设，打造钙钛矿光伏科技攻关"国家队"，支撑国家光伏产业高质量发展。 【责任编辑：王少晨 】 项目采用先进光伏组件，将验证先进钙钛矿光伏在强紫外高辐照环境下的发电性能与可 靠性，支撑我国钙钛矿光伏技术迭代升级。 ...