证券代码: 600011 证券简称: 华能国际 公告编号: 2025-045 华能国际电力股份有限公司 第十一届监事会第八次会议决议公告 本公司监事会及全体监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。 1 二、同意《公司2025年半年度财务报告》 三、同意《公司2025年半年度报告》 监事会认为： 1、公司2025年半年度报告的编制和审议程序符合法律、法规、《公司章程》和公 司内部管理制度的各项规定； 2、公司2025年半年度报告的内容和格式符合中国证监会和证券交易所的各项规 定，所包括的信息从各个方面真实地反映出公司2025年上半年的经营管理和财务状况 等事项； 3、未发现参与公司2025年半年度报告编制和审议的人员有违反保密规定的行为。 以上决议于2025年7月29日在北京审议通过。 华能国际电力股份有限公司（"公司"）监事会，于2025年7月29日，在公司召开第 十一届监事会第八次会议，会议通知于2025年7月14日以书面形式发出。会议应出席的 监事6人，亲自出席和委托出席的监事6人。夏爱东监事、宋太纪监事因其他事务未能 亲自出席会议， ...

证券代码: 600011 证券简称: 华能国际 公告编号: 2025-044 华能国际电力股份有限公司 第十一届董事会第十四次会议决议公告 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。 华能国际电力股份有限公司（"公司"或"华能国际"）董事会，于2025年7月29日在公 司召开第十一届董事会第十四次会议（"会议"或"本次会议"），会议通知于2025年7月14 日以书面形式发出。会议应出席董事14人，亲自出席和委托出席的董事14人。李来龙董 事、曹欣董事因其他事务未能亲自出席会议，委托王葵董事长代为表决。丁旭春董事、 王剑锋董事因其他事务未能亲自出席会议，委托高国勤董事代为表决。公司监事、公司 高级管理人员和公司董事会秘书列席会议。本次会议的召开符合《中华人民共和国公司 法》和《公司章程》的有关规定。王葵董事长主持了本次会议。会议审议并一致通过了 以下决议： 一、关于增补公司董事的议案 同意提名刘安仓先生为公司第十一届董事会非独立董事候选人，并提请公司股东大 会审议。 董事会同意刘安仓先生担任董事会战略委员会、提名委员会委员， ...

Core Viewpoint - Huaneng International (600011.SH) reported a decline in revenue for the first half of 2025, but a significant increase in net profit attributed to effective fuel cost management and growth in renewable energy segments [1] Financial Performance - The company achieved operating revenue of 112.032 billion yuan, a year-on-year decrease of 5.70% [1] - Net profit attributable to shareholders was 9.262 billion yuan, reflecting a year-on-year increase of 24.26% [1] - The net profit excluding non-recurring gains and losses was 8.806 billion yuan, up 22.64% year-on-year [1] - Basic earnings per share stood at 0.50 yuan [1] Key Drivers of Performance - The increase in net profit was primarily due to the company's strategic management of fuel costs, taking advantage of the declining fuel prices by balancing long-term coal contracts with spot purchases [1] - The profit from the thermal power segment saw a year-on-year increase, contributing positively to overall profitability [1] - The renewable energy segment, particularly solar power, experienced steady growth, further enhancing the company's profit margins [1]

华能国际电力股份有限公司2025 年半年度报告 公司代码：600011 公司简称：华能国际 华能国际电力股份有限公司 2025 年半年度报告 1 / 274 华能国际电力股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 未出席董事情况 | 未出席董事职务 | 未出席董事姓名 | 未出席董事的原因说明 | 被委托人姓名 | | --- | --- | --- | --- | | 董事 | 李来龙 | 因其他事务未能亲自出 | 王葵 | | | | 席会议 | | | 董事 | 曹欣 | 因其他事务未能亲自出 | 王葵 | | | | 席会议 | | | 董事 | 丁旭春 | 因其他事务未能亲自出 | 高国勤 | | | | 席会议 | | | 董事 | 王剑锋 | 因其他事务未能亲自出 | 高国勤 | | | | 席会议 | | 三、 本半年度报告未经审计。 四、 公司负责人王葵、主管会计工作负责人文明刚及会计机构负责人（会计主管人员）周远晖 声 ...

HZD-4-DB-3-2025 华能国际电力股份有限公司董事会提名委员会工作细则 华能国际电力股份有限公司 董事会提名委员会工作细则 第一章 总则 第一条 为规范华能国际电力股份有限公司（简称"公 司"）董事及高级管理人员的选任，完善公司治理结构，根 据《中华人民共和国公司法》《上市公司治理准则》等有关 法律、法规和规范性文件、公司上市地监管规则的有关规 定及《华能国际电力股份有限公司章程》（简称"《公司章 程》"），结合公司实际，公司特设立董事会提名委员会（简 称"提名委员会"），并制定本工作细则。 第二条 提名委员会是董事会下设的专门委员会，主 要负责拟定公司董事、高级管理人员的选择标准和程序， 对董事、高级管理人员人选及其任职资格进行遴选、审核 以及有关法律、法规和规范性文件、公司上市地监管规则、 《公司章程》及其附件和本工作细则规定的其他职责，对 董事会负责。 第二章 人员组成 第三条 提名委员会由三至七名董事组成，独立董事 应占多数。 第四条 提名委员会委员由董事长、二分之一以上独 立董事或者全体董事的三分之一提名，并由董事会选举产 生。 1 HZD-4-DB-3-2025 华能国际电力股份有限公司 ...

Investment Rating - The report maintains a rating of "Buy" for the industry [3]. Core Viewpoints - The report indicates a significant drop in new installations of solar and wind power in June, suggesting that the supply-side pressure is easing, and green electricity is expected to experience a reversal [2][10]. - The increase in the proportion of renewable energy is expected to stimulate the demand for flexible power generation, benefiting coal-fired power plants and aiding in the absorption of renewable energy [2]. - The report emphasizes the importance of focusing on the power sector, particularly coal-fired power companies with resilient quarterly performance and leading firms in flexible coal-fired power transformation [2]. Summary by Sections Industry Overview - As of June 30, the total installed power generation capacity in the country reached 3.65 billion kilowatts, a year-on-year increase of 18.7%. Solar power capacity was 1.1 billion kilowatts, up 54.2%, and wind power capacity was 570 million kilowatts, up 22.7% [7][13]. - In June, new installations of solar and wind power dropped significantly, with solar power adding 14.36 GW and wind power adding 5.11 GW, down 78.56% and 21.21% respectively from May [7][13]. - The average utilization hours of power generation equipment decreased by 162 hours year-on-year to 1504 hours [7][13]. Electricity Demand - In June, the total electricity consumption increased by 5.4%, with the first, second, and third industries, as well as residential electricity consumption, showing growth rates of 8.7%, 2.4%, 7.1%, and 4.9% respectively [7][10]. - The third industry's electricity demand showed resilience, with internet and related services growing by 27.4% year-on-year [7][10]. Investment Recommendations - The report recommends focusing on coal-fired power companies such as Huaneng International, Huadian International, and Baoneng New Energy, as well as leading firms in flexible coal-fired power transformation like Qingda Environmental Protection [2]. - It also suggests prioritizing undervalued green electricity operators, particularly in the Hong Kong market, and companies with high stock project ratios and short-term revenue certainty [2]. Market Performance - The report notes that during the week of July 21-25, the Shanghai Composite Index rose by 1.67%, while the electricity and public utilities sector index fell by 0.03%, underperforming the broader market [55][56].

Core Viewpoint - China Huaneng is focusing on high-quality development through technological innovation and actively contributing to national energy security while promoting low-carbon transportation and energy solutions [1][3][8] Group 1: Technological Innovations - The company has deployed 100 electric unmanned mining trucks powered entirely by photovoltaic green electricity, capable of carrying 90 tons over 60 kilometers [1] - Huaneng's compressed air energy storage project can store 2.8 million kilowatt-hours of electricity, sufficient to charge approximately 100,000 electric vehicles [2] - A new carbon capture solution developed by Huaneng is expected to reduce CO2 capture costs by over 40% [3] Group 2: Renewable Energy Projects - Huaneng's 1 million kilowatt wind power project in Turpan has achieved full capacity grid connection, utilizing innovative "anti-wind hub" technology [1] - The company is developing a multi-energy complementary energy base in Longdong, with a planned renewable energy capacity of 6 million kilowatts [7] - Huaneng's offshore floating photovoltaic platform "Yellow Sea No. 1" is designed to withstand waves up to 10 meters high [2] Group 3: Traditional Industry Upgrades - Huaneng is implementing large-scale equipment upgrades, including a new high-efficiency coal-fired power unit that reduces coal consumption by over 190,000 tons annually [5][6] - The company is also upgrading wind turbines to increase capacity, with a project expected to boost annual electricity generation by 267% [6] Group 4: Energy Supply and Demand - In 2024, Huaneng's electricity generation is projected to exceed 850 billion kilowatt-hours, with coal production reaching 110 million tons [8] - The company is committed to ensuring energy supply amidst extreme weather and high demand, maintaining a focus on both traditional and emerging industries [8]

Core Viewpoint - Huaneng International's stock price remained stable at 7.03 CNY as of July 25, 2025, with a total market capitalization of 110.36 billion CNY, ranking 9th in the power sector and 139th in the A-share market [1]. Company Announcements - Huaneng International will hold a global investor conference call on July 30, 2025, to present its mid-year performance, featuring key executives including the chairman and independent directors [1]. - The company has completed the issuance of its first phase of corporate bonds for 2025, raising 2 billion CNY at an interest rate of 2.15%, with funds allocated for repaying bank loans and other debt obligations [1]. - Huaneng International has also issued its sixth phase of ultra-short-term financing bonds for 2025, amounting to 2 billion CNY with a maturity of 99 days and an interest rate of 1.43%, aimed at supplementing working capital and adjusting debt structure [2][3].

Core Viewpoint - The 2024 annual assessment results of central enterprises benchmarking against world-class enterprises in value creation have been released, with several energy and power central enterprises achieving an A rating, indicating strong performance in value creation initiatives [1][2][3][4]. Group 1: Company Performance - China Huaneng has received an A rating in the 2024 assessment, marking its second consecutive A rating since the implementation of the value creation assessment by the State-owned Assets Supervision and Administration Commission in 2023 [1][5]. - Harbin Electric Group has also been awarded an A rating for the second consecutive year, demonstrating its solid progress in becoming a world-class enterprise [1][6]. - Dongfang Electric Group achieved an A rating in the 2024 assessment, reflecting its commitment to enhancing core capabilities and competitiveness [2][7]. - China Energy Engineering Corporation received an A rating, showcasing its focus on value creation and operational stability [3][8]. - China Electrical Equipment has been rated A, emphasizing its efforts in value creation and sustainable development [4][9]. Group 2: Strategic Focus and Future Plans - China Huaneng aims to enhance its core functions and competitiveness while implementing a long-term value creation mechanism, aligning with national strategic goals [5]. - Harbin Electric Group plans to continue focusing on value creation and enhancing core capabilities, contributing to national modernization efforts [6]. - Dongfang Electric Group intends to optimize its value creation mechanisms and strengthen its position as a world-class equipment manufacturing group [7][8]. - China Energy Engineering Corporation will maintain its focus on value creation and enhance its core functions to achieve high-quality development [8]. - China Electrical Equipment is set to improve its value creation capabilities and strengthen its role in the new industrialization process [9].

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个别及连带责任。 证券代码: 600011 证券简称: 华能国际 公告编号:2025-043 华能国际电力股份有限公司 关于超短期融资券发行的公告 公司已于近日完成了华能国际电力股份有限公司2025年度第六期超短期融 资券（"本期债券"）的发行。本期债券发行额为20亿元人民币，期限为99天，单 位面值为100元人民币，发行利率为1.43%。 特此公告。 华能国际电力股份有限公司董事会 华能国际电力股份有限公司（"公司"）2024年年度股东大会于2025年6月24 日通过决议，同意公司自2024年年度股东大会批准时起至2025年年度股东大会结 束时止，在中国境内或境外一次或分次滚动发行本金余额不超过等值于1700亿元 人民币的境内外债务融资工具（即在前述授权期限内的任一时点，公司发行的处 于有效存续期内的境内外债务融资工具本金余额不超过1700亿元等值人民币）。 2025 年 7 月 24 日 本期债券由中国民生银行股份有限公司和渤海银行股份有限公司为主承销 商组织承销团，通过簿记建档、集中配 ...