Core Viewpoint - New天绿色能源 (00956) announced that its shareholder, Great Wall Life Insurance, increased its stake in the company by acquiring 1 million H-shares through the Hong Kong secondary market on September 23, 2025, bringing its total holdings to 210.4 million H-shares, which represents 5.0027% of the company's total issued shares [1] Summary by Relevant Categories - **Shareholder Activity** - Great Wall Life Insurance increased its holdings in New天绿色能源 by purchasing 1 million H-shares [1] - Following the acquisition, Great Wall Life Insurance now holds a total of 210.4 million H-shares [1] - **Ownership Structure** - The total shares held by Great Wall Life Insurance account for 5.0027% of New天绿色能源's total issued shares [1] - **Funding Source** - The funds used for the share acquisition were sourced from Great Wall Life Insurance's own funds, traditional accounts, and dividend account insurance liability reserves [1]

Core Viewpoint - The company New Times Green Energy (00956) has received a report indicating that its shareholder, Great Wall Life Insurance, has increased its stake in the company by acquiring 1 million H-shares through the Hong Kong secondary market [1] Group 1 - Great Wall Life Insurance's acquisition occurred on September 23, 2025, and after this transaction, it holds a total of 210.4 million H-shares, representing 5.0027% of the company's total issued shares [1] - The funds used for this acquisition came from Great Wall Life Insurance's own funds, traditional accounts, and dividend account insurance liability reserves [1]

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的內容概不負責，對其準確性或完 整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚賴該等內 容而引致的任何損失承擔任何責任。 本公告乃由新天綠色能源股份有限公司（「本公司」）根據《香港聯合交易所有限公司證券上市規則》第 13.10B條作出。 茲載列本公司於上海證券交易所網站刊發之《新天綠色能源股份有限公司關於股東持股比例達到5% 的權益變動提示性公告》及《新天綠色能源股份有限公司 式權益變動報告 》，僅供參閱。 承董事會命 新天綠色能源股份有限公司 CHINA SUNTIEN GREEN ENERGY CORPORATION LIMITED* 新天綠色能源股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00956） 海外監管公告 譚建鑫 執行董事及總裁 中國河北省石家莊市，2025年9月24日 於本公告日期，本公司非執行董事為曹欣博士、李連平博士、秦剛先生、張旭蕾博士、盧榮先 生及趙士毅先生；本公司執行董事為譚建鑫先生；以及本公司獨立非執行董事為周文港博士、 楊晶磊博士、陳奕斌先生及劉斌先生。 * 僅供識 ...

新天绿色能源股份有限公司 关于股东持股比例达到 5%的权益变动提示性公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：600956 证券简称：新天绿能 公告编号：2025-054 | 名称 | 长城人寿保险股份有限公司 | | --- | --- | | 统一社会信用代码 | 91110102634984232A | | 公司类型 | 其他股份有限公司（非上市） | | 法定代表人 | 白力 | | 注册资本 | 621,934.9482万元人民币 | | 注册地址 | 北京市西城区平安里西大街31号3层301 | 长城人寿基本情况如下： | 经营范围 | | | --- | --- | | | 人寿保险、健康保险、意外伤害保险等各类人身保险业务； 上述业务的再保险业务；国家法律、法规允许的保险资金运 | | | 用业务；经中国保监会批准的其他业务。（市场主体依法自 | | | 主选择经营项目，开展经营活动；依法须经批准的项目，经 | | | 相关部门批准后依批准的内容开展经营活动；不得从事国家 | | | 和本 ...

新天绿色能源股份有限公司 简式权益变动报告书 上市公司名称：新天绿色能源股份有限公司 股票上市地点：上海证券交易所 / 香港联合交易所 股票简称：新天绿能/新天绿色能源 股票代码：600956.SH / 00956.HK 信息披露义务人名称：长城人寿保险股份有限公司 信息披露义务人住所：北京市西城区平安里西大街 31 号 3 层 301 通讯地址：北京市西城区新街口北大街 3 号 4 层 401A、5 层 501-509、6 层 601-610 股份变动性质：股份增加、持股比例增加 简式权益变动报告书签署日期：二〇二五年九月二十三日 1 信息披露义务人声明 一、信息披露义务人依据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司收购管理办法》《公开发行证券的公司信息披露内容与格式准则 第 15 号—权益变动报告书》及其他相关的法律、法规编写本报告书。 二、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 五、信息披露义务人承诺本报告书不存在虚假记载、误导性陈述或重大遗漏， 并对其真实性、准确性、完整性承担个别和连带的法律责任。 ...

格隆汇9月24日丨新天绿能(600956.SH)公布，公司于2025年9月24日收到公司股东长城人寿发来的《简 式权益变动报告书》，长城人寿于2025年9月23日通过港股二级市场集中竞价交易方式增持公司H股100 万股。上述增持后，长城人寿合计持有公司H股210400,000股，占公司已发行股份总数的5.0027%，增 持公司股份的资金来源为长城人寿自有资金账户资金和传统账户、分红账户保险责任准备金。 ...

Investment Rating - The report does not explicitly state an investment rating for the industry Core Views - The report highlights that in August 2025, the average daily power generation exceeded 30 billion kilowatt-hours for the first time, with a total industrial power generation of 936.3 billion kilowatt-hours, reflecting a year-on-year growth of 1.6% [4][7][53] - The report emphasizes the continuous improvement in the power generation structure, with significant contributions from clean energy sources such as wind and solar power, amidst ongoing dual carbon policies and the development of a new power system [8][9][12] Summary by Sections 1. Power Generation - In August 2025, the total power generation reached 936.3 billion kilowatt-hours, with a daily average of 30.2 billion kilowatt-hours, marking a 1.6% increase year-on-year [4][7] - The breakdown of power generation types shows that thermal power generation increased by 1.7%, nuclear power by 5.9%, wind power by 20.2%, and solar power by 15.9%, while hydropower decreased by 10.1% [9][12] - Wind power contributed the most to the increase in power generation, adding 12.4 billion kilowatt-hours compared to the same month last year [8][9] 2. Natural Gas - The report indicates a stable supply-demand balance in the natural gas market, with global gas prices experiencing slight fluctuations [18][19] - As of September 19, 2025, the Henry Hub spot price was $2.89/mmBtu, reflecting a weekly decrease of 1.80% [19][21] - The report suggests that the LNG prices in Northeast Asia remained stable at $11.50/mmBtu, with expectations of a further decline in prices as summer heat waves end [18][35] 3. Investment Analysis - Recommendations for investment include: - Hydropower: Favorable financial conditions due to interest rate cuts, with suggested companies being Guotou Power, Chuan Investment Energy, and Yangtze Power [16] - Green Energy: Increased stability in returns for renewable energy operators, with a focus on companies like Xintian Green Energy and Longyuan Power [16] - Nuclear Power: Continued approval of new units, with recommendations for China Nuclear Power and China General Nuclear Power [16] - Thermal Power: Improved profitability due to falling coal prices, with recommendations for Guodian Power and Huaneng International [16] - Gas Utilities: Favorable conditions for city gas companies, with recommendations for Kunlun Energy and New Hope Energy [40]

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating a favorable investment environment for these industries [4]. Core Insights - In August, the average daily power generation exceeded 30 billion kilowatt-hours for the first time, with total industrial power generation reaching 936.3 billion kilowatt-hours, a year-on-year increase of 1.6% [9][57]. - The report highlights the continued growth of thermal power and the significant contribution of renewable energy sources, particularly wind and solar power, to the overall power generation increase [10][11]. - Global gas prices are experiencing narrow fluctuations, with a stable supply-demand balance in the market, particularly in the U.S. and Europe [20][29]. Summary by Sections 1. Power Generation - In August, the total power generation was 936.3 billion kilowatt-hours, with a daily average of 30.2 billion kilowatt-hours, marking a 1.6% increase year-on-year [9][57]. - The breakdown of power generation types shows thermal power at 6,274 billion kilowatt-hours (up 1.7%), hydropower at 1,479 billion kilowatt-hours (down 10.1%), nuclear power at 645 billion kilowatt-hours (up 5.9%), wind power at 738 billion kilowatt-hours (up 20.2%), and solar power at 538 billion kilowatt-hours (up 15.9%) [11][58]. - The report emphasizes the strong growth of renewable energy, with wind and solar power showing significant year-on-year increases of 20.2% and 15.9%, respectively [10][11]. 2. Natural Gas - As of September 19, the Henry Hub spot price was $2.89/mmBtu, reflecting a weekly decrease of 1.80%, while the TTF spot price in Europe remained stable at €32.00/MWh [20][21]. - The report notes that U.S. natural gas production remains high, contributing to a stable supply-demand balance and low price fluctuations [23][29]. - The LNG ex-factory price in China was 4,019 yuan/ton, with a weekly decrease of 0.84%, indicating a softening market due to weak domestic demand [41][44]. 3. Investment Recommendations - For hydropower, the report recommends companies like Guotou Power, Chuan Investment Energy, and Yangtze Power due to stable growth and financial benefits from interest rate cuts [18]. - In the renewable energy sector, companies such as Xintian Green Energy and Funi Co. are highlighted for their stable returns and high profitability [18]. - The report suggests focusing on integrated natural gas traders like New Hope Energy and Shenzhen Gas, as well as city gas companies benefiting from cost reductions [44].

Group 1 - Wind power stocks in Hong Kong collectively rose, with Goldwind Technology increasing nearly 6%, Datang New Energy up nearly 4%, Longyuan Power rising over 3%, and Jingneng Clean Energy up 1.6% [1] - In October, 12 turbine manufacturers signed a self-discipline agreement, indicating a recovery in wind turbine bidding prices starting from Q4 2024 [1] - According to Guojin Securities, the average bidding price for domestic onshore wind turbines from January to July this year increased by over 9% compared to the full year of 2024, reaching 1552 RMB per kilowatt [1] Group 2 - The International Energy Agency reported a 60% increase in global electricity investment from 2015 to 2025 [1] - With more capital flowing into renewable energy, investments in wind and nuclear power are expected to reach $242 billion and $74 billion this year, representing growth of 69% and 64% compared to 2015 [1]

Group 1 - The core viewpoint of the article highlights a collective rise in Hong Kong wind power stocks, driven by a self-regulatory agreement among 12 turbine manufacturers to stabilize pricing in the industry starting from Q4 2023 [1] - The average bidding price for domestic onshore wind turbines has increased by over 9% compared to the projected average for 2024, reaching 1552 RMB per kilowatt [1] - The International Energy Agency reports a 60% increase in global electricity investment from 2015 to 2025, with wind and nuclear power investments expected to reach 242 billion USD and 74 billion USD respectively this year, marking growth of 69% and 64% since 2015 [1] Group 2 - Specific stock performance includes: Goldwind Technology up by 5.67% to 12.670 RMB, Datang New Energy up by 3.56% to 2.620 RMB, and Longyuan Power up by 3.11% to 7.960 RMB [1] - Other notable increases include Jingneng Clean Energy up by 1.59%, Xiehe New Energy up by 1.25%, and Xintian Green Energy up by 1.17% [1]