董事名單與其角色和職能 李來龍 高國勤 丁旭春 王劍鋒 寇堯洲 華 能 國 際 電 力 股 份 有 限 公 司 董 事 會（「董事會」）成 員 載 列 如 下： 執行董事 王 葵 （董 事 長） 劉安倉 非執行董 事 杜大明 周 奕 黨 英 張羨崇 – 1 – 獨立非執行董事 夏 清 賀 強 張麗英 張守文 李 進 曹 欣 中國‧北京 2025年12月24日 – 2 – 董事會設立4個 委 員 會。下 表 提 供 各 董 事 會 成 員 在 這 些 委 員 會 中 所 擔 任 的 職 位。 委員會 董 事 戰略委員會 審計委員會 提名委員會 薪酬與 考核委員會 王 葵 主任委員 劉安倉 委 員 委 員 杜大明 委 員 周 奕 李來龍 委 員 李 進 委 員 委 員 曹 欣 委 員 高國勤 委 員 丁旭春 委 員 王劍鋒 委 員 寇堯洲 夏 清 委 員 委 員 主任委員 賀 強 委 員 委 員 委 員 張麗英 委 員 委 員 委 員 張守文 委 員 委 員 主任委員 黨 英 主任委員 委 員 委 員 張羨崇 ...

2025年第二次臨時股東會決議 及 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。 董事會 成員變動 董事會欣然宣佈提呈至本公司於2025年12月23日召開的臨時股東會 上 的 所 有 決 議 案 均 已 獲 通 過。 茲提述(1)華 能 國 際 電 力 股 份 有 限 公 司（「本公司」或「公 司」）日 期 為2025年 11月28日 的 通 函（「通 函」）；(2)本公司日期為2025年11月28日 的2025年 第 二 次 臨 時 股 東 會（「臨時股東會」或「會 議」）通 知（「通 知」）。除另有界定者外， 本 公 告 所 用 詞 彙 與 通 函 及 通 知 所 界 定 者 具 有 相 同 涵 義。 本 公 司 董 事（「董 事」）會（「董事會」）欣 然 宣 佈，會 議 已 於2025年12月23日 在 中國北京市西城區復興門內大街6號華能大廈公司本部A102會 議 室 舉 ...

（文章来源：证券日报） 证券日报网讯 12月23日，华能国际发布公告称，公司12月23日召开2025年第二次临时股东会，审议通 过《关于聘任公司2026年度审计师的议案》等多项议案。 ...

证券代码：600011 证券简称：华能国际 公告编号：2025-071 华能国际电力股份有限公司 2025年第二次临时股东会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 12 月 23 日 (二)股东会召开的地点：北京市西城区复兴门内大街 6 号华能大厦 A102 会议室 | (三)出席会议的普通股股东及其持有股份情况： | | --- | | 1、出席会议的股东和代理人人数 | 695 | | --- | --- | | 其中：A 股股东人数 | 692 | | 境外上市外资股股东人数（H 股） | 3 | | 2、出席会议的股东所持有表决权的股份总数（股） | 9,740,182,620 | | 其中：A 股股东持有股份总数 | 8,269,285,214 | | 境外上市外资股股东持有股份总数（H 股） | 1,470,897,406 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | ...

2025 年第二次临时股东会召开的法律意见书 北京市海间律师事务所关于华能国际电力股份有限公司 见证律师: 下 量 中津宁 负 责 人:张继平 2025年12月23日 海问律师事务所 HAIWEN & PARTNERS Huan Central Road, Chaoyang District, Beijing 100020, China +86 10) 8560 6888 传真(Fax)· (+86 10) 8560 6999 www.haiwen-law com 北京 BEIJING ｜上海 SHANGHAI ｜深圳 SHENZHEN ｜香港 HONG KONG ｜成都 CHENGDU 致:华能国际电力股份有限公司 本所作为贵公司的常年法律顾问,应贵公司要求,根据《中华人民共和国证 券法》、《中华人民共和国公司法》(以下统称"有关法律")及《华能国际电力股份 有限公司章程》(以下称"公司章程")的规定,就贵公司于 2025 年 12 月 23 日召 开的 2025 年第二次临时股东会(以下称"本次会议")的召开出具本法律意见书。 本所律师根据《中华人民共和国证券法》的要求,按照律师行业公认的业务 标准、道德 ...

原标题：潮涌海之南 "绿"动自贸港——中国华能助力高标准建设海南自贸港综述 日前，海南自由贸易港正式启动全岛封关。海南自由贸易港成形起势，是开放中国的生动缩影。在 这片热土上，中国华能作为最早扎根海南的发电央企，坚决贯彻党中央、国务院重大部署，贯彻能源安 全新战略，始终以"建设'三色'公司 服务能源强国"的使命担当，护航自贸港能源安全稳定供应，将澎湃 绿能化作自贸港产业升级的坚实保障，化作万家灯火的无限暖意。 积极服务海南经济社会高质量发展，中国华能在琼构建起集电力、热力、贸易、保险、证券、服务 等多元产业的综合发展格局，先后设立华能海南分公司、华能昌江核电公司等多家骨干企业，发起成立 国际能源交易中心，累计在琼投资超700亿元，目前发电总装机超542万千瓦，装机容量和市场份额全省 第一，年发电量约占全省统调三分之一。海南建省以来，中国华能在琼累计发电量占海南全社会用电量 超54%。 守望相助 筑牢能源安全"压舱石" "十四五"以来，中国华能立足国资央企新职责新使命，围绕集团公司"三六六"发展战略，将海南作 为战略要地、发展高地、投资重地，充分发挥央企"三个作用"，当好"三个排头兵"，深度融入海南"三 极一带 ...

Core Viewpoint - In 2025, the number of A-share listed companies controlled by seven major state-owned enterprises in the power sector will increase to 37, with an average of more than five companies per enterprise, following the listings of Huadian New Energy and Southern Network Digital on the Shanghai and Shenzhen stock exchanges [1] Group 1: Company Listings - The number of A-share listed companies controlled by major state-owned enterprises will rise to 37, with State Grid and China Huadian having the most at 7 each [1] - Southern Power Grid's number of listed companies increased to 4 with the listings of Southern Network Technology and Southern Network Digital [1] Group 2: Management Changes - In 2025, there will be significant management changes among the listed companies controlled by the two networks and five major power generation companies, with 131 high-level personnel changes reported across 30 listed companies [1] - Specifically, there were 12 changes in chairpersons and 8 changes in general managers among the listed companies [1] Group 3: Individual Company Changes - State Grid: 36 personnel changes across 7 listed companies, including chairperson and general manager adjustments in four companies [5] - China Huadian: 34 personnel changes across 6 listed companies, with significant changes in chairpersons and general managers in three companies [58] - China Huaneng: 24 personnel changes across 4 listed companies, with new general managers appointed in three companies [38] - National Energy Group: 20 personnel changes across 5 listed companies, including chairperson and general manager changes in three companies [86]

Investment Rating - The report maintains an investment rating of "Recommended" for the electric new and public utility sectors [2][5]. Core Insights - The 2025 China Photovoltaic Industry Annual Conference was held, focusing on high-quality development and innovation in the photovoltaic sector [4][25]. - The wind power sector is advancing with international projects, such as the BC-Wind offshore wind project in Poland, which has a planned capacity of 390MW [4][26]. - Significant progress has been made in solid-state battery technology, enhancing the performance and stability of lithium batteries [4][27]. - The share of non-fossil energy consumption in China is expected to exceed the target of 20% during the 14th Five-Year Plan period, with substantial investments in renewable energy projects [4][27]. Industry Summary Photovoltaic Sector - The photovoltaic industry is undergoing a transformation aimed at improving quality and efficiency, with a focus on technological innovation [4][25]. - The market is experiencing price adjustments in the supply chain, with recent increases in silicon material prices and expectations for further price stability [29][30]. - The average price for N-type battery cells has risen to 0.3 RMB per watt due to increased silver prices [32]. Wind Power Sector - The domestic wind power sector saw a significant increase in installed capacity, with 8.92GW added in October 2025, representing a year-on-year growth of 34% [40]. - The BC-Wind project in Poland marks a notable international expansion for companies like 大金重工, which is manufacturing foundational components for the project [26]. Lithium Battery Sector - Research teams from Tsinghua University have made advancements in solid-state lithium metal batteries, improving their performance under high current densities and low temperatures [4][27]. Public Utility Sector - The investment in energy projects is projected to reach 3.54 trillion RMB in 2025, reflecting an 11% year-on-year growth [27]. - The transition to green and low-carbon energy is accelerating, with expectations for renewable energy to constitute over 50% of total power generation capacity by 2030 [5][27]. Investment Recommendations - The report suggests focusing on leading companies in the photovoltaic sector such as 爱旭股份 and 隆基绿能, as well as key players in the wind power and lithium battery sectors [5][43].

Investment Rating - The report does not explicitly state an overall investment rating for the industry, but it provides specific recommendations for various sectors within the energy industry, indicating a positive outlook for certain companies and sectors [2][3]. Core Insights - The report highlights a slowdown in electricity generation growth in November 2025, with total generation at 779.2 billion kWh, a year-on-year increase of 2.7%. The growth was primarily driven by hydropower and wind power, while thermal power saw a decline [5][6]. - Natural gas prices in the U.S. and Europe have shown slight fluctuations, with U.S. Henry Hub spot prices at $3.58/mmBtu, reflecting a 12.1% weekly decline. Northeast Asia's LNG prices have also decreased, reaching $9.50/mmBtu, marking a 5% drop [18][19]. - The report emphasizes the increasing contribution of renewable energy sources, particularly wind and solar, to the overall electricity generation mix, with significant year-on-year growth rates [6][12]. Summary by Sections 1. Electricity Generation - November 2025 saw total electricity generation of 779.2 billion kWh, up 2.7% year-on-year. Thermal power generation decreased by 4.2% to 497.0 billion kWh, while hydropower increased by 17.1% to 96.7 billion kWh. Wind power grew by 22.0% to 104.6 billion kWh, and solar power rose by 23.4% to 41.2 billion kWh [5][7]. - From January to November 2025, total electricity generation reached 88,567 billion kWh, a 2.4% increase year-on-year, with significant contributions from hydropower, nuclear, wind, and solar energy [12][13]. 2. Natural Gas Market - As of December 19, 2025, U.S. Henry Hub spot prices were $3.58/mmBtu, down 12.1% from the previous week. European gas prices showed slight increases, with the Dutch TTF price at €28.10/MWh, up 2.0% [18][19]. - The report notes that the supply of natural gas remains high, with U.S. production at historical levels, contributing to the downward pressure on prices [18][19]. 3. Investment Recommendations - For thermal power, companies like Guodian Power and Inner Mongolia Huadian are recommended due to their integrated coal and power operations. For hydropower, companies such as Yangtze Power and State Power Investment Corporation are highlighted for their potential in the upcoming winter and spring [16][38]. - In the nuclear sector, China National Nuclear Power and China General Nuclear Power are suggested as key players due to their stable cost structures and growth potential [16][38]. - Renewable energy operators like Xinneng Green Energy and Longyuan Power are recommended as the market for green certificates and environmental values continues to grow [16][38].

Investment Rating - The report maintains a positive outlook on the power and environmental sectors, indicating a favorable investment environment [1]. Core Insights - The report highlights a slowdown in electricity generation growth in November, with a total generation of 779.2 billion kWh, a year-on-year increase of 2.7%. The contribution from hydropower and wind power is significant, while thermal power shows a decline [7][9]. - Natural gas prices in the US and Europe have shown slight fluctuations, with Northeast Asia's LNG prices continuing to decline, reaching $9.50/mmBtu, the lowest since May 2024 [21][34]. - The report suggests various investment opportunities across different sectors, including thermal power, hydropower, nuclear power, green energy, and gas companies, emphasizing the importance of diversified revenue streams [19][41]. Summary by Sections 1. Electricity: November Generation Growth Slows, Hydropower and Wind Power Contribute Incrementally - November electricity generation totaled 779.2 billion kWh, with thermal power decreasing by 4.2% year-on-year, while hydropower increased by 17.1%, nuclear power by 4.7%, wind power by 22.0%, and solar power by 23.4% [7][9]. - The overall growth rate of electricity generation has slowed compared to the previous month, with hydropower and wind power contributing significantly to the incremental generation [8][9]. 2. Natural Gas: Global Gas Prices Show Minor Fluctuations, Asian and US Prices Continue to Decline - As of December 19, the Henry Hub spot price in the US was $3.58/mmBtu, down 12.10% week-on-week, while the TTF spot price in Europe was €28.10/MWh, up 2.00% [21][22]. - The report notes that the LNG ex-factory price in China was 4030 yuan/ton, a decrease of 3.70% week-on-week, indicating a trend of declining costs in the natural gas sector [39]. 3. Weekly Market Review - The public utility and electricity sectors underperformed compared to the CSI 300 index, while the gas and environmental sectors outperformed [44]. 4. Company and Industry Dynamics - The report discusses various company announcements and industry developments, including stable coal production and increased oil production rates, as well as significant investments in energy projects [46][48].