智通财经APP讯，龙源电力(001289.SZ)披露2025年11月发电量数据，公司2025年11月按合并报表口径完 成发电量6,944,492兆瓦时，较2024年同期同比增长14.34%。本月风电发电量同比增长10.79%，光伏发 电量同比增长43.06%。 ...

智通财经APP讯，龙源电力(001289.SZ)披露2025年11月发电量数据，公司2025年11月按合并报表口径完 成发电量6,944,492兆瓦时，较2024年同期同比增长14.34%。本月风电发电量同比增长10.79%，光伏发 电量同比增长43.06%。 ...

证券代码：001289 证券简称：龙源电力 公告编号：2025-077 龙源电力集团股份有限公司 2 2025年11月发电量数据公告 | | | | | | | 年累计发 | | --- | --- | --- | --- | --- | --- | --- | | 业务板块及地区分布 | 2025 年 11 月 发电量 | 2024 年 11 月 发电量 | 11 月同比 变化率 | 2025 年 累计发电量 | 2024 年 累计发电量 | 电量 同比变化 | | | （兆瓦时） | （兆瓦时） | （%） | （兆瓦时） | （兆瓦时） | 率 | | | | | | | | （%） | | 山东 | 133,092 | 80,699 | 64.92 | 1,363,273 | 1,279,408 | 6.55 | | 天津 | 92,500 | 71,973 | 28.52 | 980,787 | 863,853 | 13.54 | | 山西 | 407,566 | 221,640 | 83.89 | 2,661,859 | 2,209,633 | 20.47 | | 宁夏 | 182,072 | 1 ...

证券代码：001289 证券简称：龙源电力 公告编号：2025-078 获得国务院国资委批复的公告 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假记载、误 导性陈述或者重大遗漏。 龙源电力集团股份有限公司（以下简称"公司"）第六届董事会 2025 年第 1 次会议审议通过了《关于公司本次向特定对象发行 A 股股票方案的议案》等议 案。详见本公司于 2025 年 10 月 30 日刊登在巨潮资讯网（www.cninfo.com.cn） 和在《中国证券报》《证券时报》《证券日报》《上海证券报》上披露的相关公 告。 近日，公司收到控股股东国家能源投资集团有限责任公司转发的国务院国有 资产监督管理委员会（以下简称"国务院国资委"）《国务院国资委关于龙源电 力集团股份有限公司非公开发行 A 股股份有关事项的批复》（国资产权〔2025〕 510 号），国务院国资委已原则同意公司非公开发行 A 股股份的总体方案。 公司本次向特定对象发行 A 股股票方案尚需经公司股东会审议通过，经深 圳证券交易所审核通过并经中国证券监督管理委员会同意注册后方可实施。公司 将根据该事项的进展情况，及时履行信息披露义务。 龙 ...

Investment Rating - The report maintains a positive outlook on the public utility and environmental sectors, particularly in electricity and natural gas [3][4]. Core Insights - The report highlights significant regional differences in mechanism electricity pricing, with recent auction results approaching upper limits across multiple provinces, indicating strong demand and government support for renewable energy projects [4][10]. - Natural gas prices in Europe continue to decline, while U.S. prices have reached a new high for 2023, driven by increased heating demand due to cold weather [14][21]. - The report emphasizes the importance of refined operational strategies for power stations, as profitability varies significantly across regions and projects [11][12]. Summary by Sections 1. Electricity - Recent mechanism electricity auction results show prices close to upper limits in regions like Hebei and Ningxia, with significant volumes of wind and solar energy being auctioned [8][9]. - The report notes that the differences in mechanism electricity pricing reflect local consumption capabilities and policy directions [10][11]. 2. Natural Gas - U.S. Henry Hub spot prices reached $5.19/mmBtu, a 12.91% increase week-on-week, while European gas prices, such as TTF and NBP, have seen declines of 5.57% and 9.96% respectively [14][15]. - The report indicates a 1.3% year-on-year decline in China's apparent natural gas consumption in October, with expectations for growth in Q4 due to seasonal heating demands [31][33]. 3. Investment Recommendations - Recommendations include investing in hydropower companies like Yangtze Power and Guodian Power, as well as coal-fired power companies such as Guodian Power and Inner Mongolia Huadian [12]. - For natural gas, the report suggests focusing on integrated companies like Kunlun Energy and New Hope Energy, which are expected to benefit from cost reductions and improved profitability [33][34].

Core Viewpoint - Longyuan Power has signed a framework agreement for a 353 MW renewable energy project with the government of Tieli City, Heilongjiang Province, indicating a strategic move towards expanding its renewable energy portfolio [2]. Company Overview - Longyuan Power Group Co., Ltd. is primarily engaged in wind and solar power generation, with its main products being electricity and heat [2]. - The company focuses on the design, development, construction, management, and operation of wind farms [2]. - As of September 30, the company reported a revenue of 22.22 billion yuan, a year-on-year decrease of 15.67%, and a net profit of 4.39 billion yuan, down 19.76% year-on-year [8]. Financial Performance - The company has distributed a total of 5.978 billion yuan in dividends since its A-share listing, with 4.746 billion yuan distributed over the past three years [9]. - As of September 30, the number of shareholders decreased by 16.42% to 34,200, with an average of 0 circulating shares per person [8]. Market Activity - On December 8, Longyuan Power's stock fell by 0.38%, with a trading volume of 66.65 million yuan and a market capitalization of 130.91 billion yuan [1]. - The stock's average trading cost is 16.73 yuan, with a current support level at 15.54 yuan, indicating potential for a rebound if it holds above this level [6]. Institutional Holdings - As of September 30, the top ten circulating shareholders include Hong Kong Central Clearing Limited and various ETFs, with some shareholders reducing their holdings [10].

Investment Rating - The report maintains a "Buy" rating for the public utility sector, indicating an expected investment return exceeding 15% over the next 6-12 months [5]. Core Insights - The report highlights a significant decline in thermal coal prices, with specific price drops noted for various coal types at different ports. For instance, the price of 5500 kcal thermal coal at Qinhuangdao port decreased by 24 CNY/ton this week [2][10]. - The report also discusses the ongoing electricity market reforms, particularly in Guangdong, where the 2026 annual trading process has commenced, involving various trading methods [3][4]. - The renewable energy sector is expected to see valuation recovery due to new policies promoting green electricity consumption and accelerated subsidy distribution [4]. Summary by Sections Market Overview - The SW public utility sector saw a slight increase of 0.12% this week, ranking 17th among 31 SW sectors. In comparison, the CSI 300 index rose by 1.28% [26]. - Notable stock performances included Min Dong Power (+16.86%) and Zhong Min Energy (+12.62%), while Shanghai Electric saw a decline of -13.53% [32]. Coal and Electricity Pricing - Thermal coal prices have rapidly decreased, with specific reductions of 24 CNY/ton at Qinhuangdao, 20 CNY/ton at Fangchenggang, and 10 CNY/ton at Guangzhou [2][11]. - Average settlement prices for electricity in Guangdong increased to 354.64 CNY/MWh, reflecting a rise from the previous week [11]. Key Events - The report notes the release of competitive bidding results for renewable energy projects under the "136" document, with significant volumes and pricing established for solar and wind energy [3][9]. - The Guangdong Electricity Trading Center has initiated the 2026 annual trading process, which will occur in phases from December 5 to December 22 [3][4]. Sector Outlook - The renewable energy sector is anticipated to benefit from policy changes aimed at enhancing green electricity consumption, suggesting a potential for valuation recovery [4]. - The report recommends focusing on national thermal power operators like Huaneng International and Guodian Power, which are expected to maintain stable earnings despite market uncertainties [4].

Group 1 - The top three stocks with the highest short-selling ratios are New World Development Co. Ltd. (100.00%), China Resources Beer (100.00%), and AIA Group Ltd. (100.00%) [1][2] - The stocks with the highest short-selling amounts are Xiaomi Corporation (2.196 billion), Ping An Insurance (1.956 billion), and Alibaba Group (1.160 billion) [1][3] - The stocks with the highest deviation values are Bank of China (52.21%), China Mobile (41.86%), and Café de Coral Holdings (40.03%) [1][2] Group 2 - The top ten short-selling ratio rankings include New World Development Co. Ltd. (100.00%), China Resources Beer (100.00%), and AIA Group Ltd. (100.00%) [2] - The top ten short-selling amounts include Xiaomi Corporation (2.196 billion), Ping An Insurance (1.956 billion), and Alibaba Group (1.160 billion) [3] - The top ten deviation values include Bank of China (52.21%), China Mobile (41.86%), and Café de Coral Holdings (40.03%) [3]

证券之星消息，根据天眼查APP数据整理，近日，射阳龙源新能源有限公司成立，法定代表人为杜杰， 注册资本10000万元，经营范围包含：许可项目：发电业务、输电业务、供（配）电业务；建设工程施 工（除核电站建设经营、民用机场建设）；建设工程勘察；建设工程设计（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：风力发电技术服务；太阳 能发电技术服务；电气设备修理；海上风电相关系统研发；储能技术服务；新兴能源技术研发；工程管 理服务；海洋工程平台装备制造；租赁服务（不含许可类租赁服务）；船舶租赁；光伏发电设备租赁 （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）。天眼查APP股权穿透显示，该公司 由龙源电力、江苏长风海洋装备制造有限公司、国家能源集团江苏电力有限公司等共同持股。 来源：证券之星 数据来源：天眼查APP ...

来源：证券之星 证券之星消息，根据天眼查APP数据整理，近日，射阳龙源新能源有限公司成立，法定代表人为杜杰， 注册资本10000万元，经营范围包含：许可项目：发电业务、输电业务、供（配）电业务；建设工程施 工（除核电站建设经营、民用机场建设）；建设工程勘察；建设工程设计（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：风力发电技术服务；太阳 能发电技术服务；电气设备修理；海上风电相关系统研发；储能技术服务；新兴能源技术研发；工程管 理服务；海洋工程平台装备制造；租赁服务（不含许可类租赁服务）；船舶租赁；光伏发电设备租赁 （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）。天眼查APP股权穿透显示，该公司 由龙源电力、江苏长风海洋装备制造有限公司、国家能源集团江苏电力有限公司等共同持股。 数据来源：天眼查APP ...