Core Viewpoint - Huaneng International's stock price increased by 5.11% to 7.4 yuan as of July 4, 2025, with a total market capitalization of 116.166 billion yuan, ranking 8th in the power sector and 122nd in the A-share market [1] Company Announcements - Huaneng International announced a cash dividend of 0.27 yuan per share (before tax) for the 2024 annual profit distribution, with the record date set for July 9, 2025, and the ex-dividend date on July 10, 2025 [1] - The total cash dividend distribution amounts to approximately 4.238 billion yuan (before tax), based on the company's total share capital of 15,698,093,359 shares [1] - Different tax policies apply to various shareholder categories, including a 10% withholding tax for QFII shareholders and Hong Kong investors, while other non-resident corporate shareholders are responsible for their own tax payments [1]

_ 136 _ 10 ___ 24Q4 行业月报 ·公用事业行业 2 行业月报 · 公用事业行业 可证券|CGS 一、行业要闻 1. 河南电力现货市场完成短周期结算试运行 6月 27日,河南电力现货市场完成短周期结算试运行,共计 112台煤电机组、390 座新能源场 站、127 家售电公司、12 座独立储能电站参与交易。这标志着河南电力市场化改革迈出关键一步。 中国银河证券|CGS 目录 Catalog | 一、 行业要闻 | | --- | | 二、 行业数据 … | | (一) 碳交易市场情况 | | (二） 电力行业相关数据………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………………… 7 | | 三、 太阳能单月装机创新高，火电发电量由降转增 | | 四、 开展新型电力系统建设试点，助力新能源消纳……………………………………………………………………………………………………………………………11 | | 五、 环保 ...

Group 1 - The core report from Brand Finance indicates that the total brand value of Chinese utility companies in 2025 has increased by 23.1% compared to 2024, accounting for 46.2% of the global brand value, ranking first worldwide [1][3] - State Grid's brand value has grown by 20.4%, reaching $85.63 billion, maintaining its position as the most valuable utility brand globally for the eighth consecutive year [3][4] - China Southern Power Grid, with a brand value of $8.98 billion, ranks fifth globally, marking its first entry into the utility sector [3][4] Group 2 - State Grid has a brand strength index (BSI) score of 92.6, rated AAA+, making it the only utility brand to achieve this highest rating [3][4] - China Southern Power Grid is actively expanding its international business, including acquiring shares in Peru's largest distribution company and engaging in cross-border electricity trade with neighboring countries [3][4] - Other notable Chinese brands on the list include Guodian Power (brand value down 1% to $3.67 billion), Huaneng International (brand value up 9.1% to $3.64 billion), and Sungrow Power (brand value up 5.3% to $3.53 billion), ranking 11th, 12th, and 13th respectively [4]

华能国际电力江苏能源开发有限公司，成立于2020年，位于南京市，是一家以从事电力、热力生产和供 应业为主的企业。企业注册资本1555340万人民币。通过天眼查大数据分析，华能国际电力江苏能源开 发有限公司共对外投资了71家企业，参与招投标项目2830次，专利信息811条，此外企业还拥有行政许 可17个。 华能海上风电科学技术研究有限公司，成立于2020年，位于盐城市，是一家以从事研究和试验发展为主 的企业。企业注册资本5000万人民币。通过天眼查大数据分析，华能海上风电科学技术研究有限公司参 与招投标项目16次，专利信息550条，此外企业还拥有行政许可14个。 来源：金融界 金融界2025年7月4日消息，国家知识产权局信息显示，盛东如东海上风力发电有限责任公司、中国华能 集团清洁能源技术研究院有限公司、华能国际电力江苏能源开发有限公司、华能海上风电科学技术研究 有限公司取得一项名为"一种阻尼池漂浮式风机及其减摇装置"的专利，授权公告号CN113815798B，申 请日期为2021年10月。 天眼查资料显示，盛东如东海上风力发电有限责任公司，成立于2014年，位于南通市，是一家以从事电 力、热力生产和供应业为主 ...

Core Points - The company announced a cash dividend of 0.27 RMB per share (before tax) for its A shares [1][2] - The total cash dividend distribution amounts to approximately 4.24 billion RMB (before tax) based on a total share capital of 15,698,093,359 shares [1] - The dividend distribution plan was approved at the annual general meeting held on June 24, 2025 [1] Dividend Distribution Details - The record date for the dividend is July 9, 2025, with the ex-dividend date and payment date both set for July 10, 2025 [1] - The company will directly distribute cash dividends to its major shareholders, including China Huaneng Group [1][2] - For individual shareholders and securities investment funds, the tax treatment varies based on the holding period of the shares, with specific tax rates applied [1] Taxation Information - For individual shareholders holding shares for less than one year, no personal income tax will be withheld at the time of dividend distribution, but tax will be calculated upon the sale of shares [1] - Qualified Foreign Institutional Investors (QFII) will have a withholding tax of 10%, resulting in a net dividend of 0.243 RMB per share [1] - Hong Kong investors will also face a 10% withholding tax, with similar provisions for tax treaty benefits applicable [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。 海外監管公告 本公告乃根據《香港聯合交易所有限公司證券上市規則》第13.10B條而作出。 承董事會命 華能國際電力股份有限公司 黃朝全 公司秘書 於 本 公 告 日，本 公 司 董 事 為： 王 葵 （執 行 董 事） 黃歷新 （執 行 董 事） 杜大明 （非 執 行 董 事） 周 奕 （非 執 行 董 事） 李來龍 （非 執 行 董 事） 李 進 （非 執 行 董 事） 曹 欣 （非 執 行 董 事） 高國勤 （非 執 行 董 事） 丁旭春 （非 執 行 董 事） 王劍鋒 （非 執 行 董 事） 中 國 • 北 京 2025年7月2日 夏 清 （獨 立 非 執 行 董 事） 賀 強 （獨 立 非 執 行 董 事） 張麗英 （獨 立 非 執 行 董 事） 張守文 （獨 立 非 執 行 董 事） 黨 英 （獨 立 非 執 行 董 事） 证 ...

华能国际电力股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.27元人民币（含税） 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/9 | － | 2025/7/10 | 2025/7/10 | 证券代码：600011 证券简称：华能国际 公告编号：2025-036 三、 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/9 | － | 2025/7/10 | 2025/7/10 | 四、 分配实施办法 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 6 月 24 日的2024年年度股东大会审议通过。 二、 ...

Short Selling Ratios - Great Wall Motor-R (82333) and JD Health-R (86618) have the highest short selling ratios at 100.00% [1][2] - BYD Company-R (81211) follows with a short selling ratio of 86.11% [1][2] Short Selling Amounts - Xiaomi Group-W (01810) leads in short selling amount with 1.733 billion [2] - Meituan-W (03690) and Alibaba-SW (09988) follow with 901 million and 803 million respectively [1][2] Deviation Values - JD Health-R (86618) has the highest deviation value at 48.31% [1][2] - SF Holding (N23067) and Xiaomi Group-W (01810) also show significant deviation values of 47.35% and 36.04% respectively [1][2]

中能传媒：在上合组织框架下推动能源合作有何重要意义？ 李启钊：能源产业事关国计民生。近年来，我们通过持续加强与上合组织国家的合作，推动项目所在国 电站及其他基础设施建设，全面推进清洁能源供应，为所在国经济发展注入了强劲动力。 电力项目带来的积极影响直观且深远。对于当地民众而言，最直接的改变是电力供给的显著改善。在一 些经济发展相对滞后的国家，民众长期依赖烧柴、烧煤等传统方式满足日常用能需求，而我们的项目可 提供稳定且清洁的电力，极大程度改善当地民众的日常生活。 不仅如此，在项目的实施过程中，我们还实现了中国技术、管理体系、工艺体系等全方位的输出。凭借 先进技术和高效管理，项目电价在当地具有一定优势。一方面，我们让当地民众以更低的成本享受到了 电力带来的便利；另一方面，优质且实惠的电力将为产业发展创造良好条件，助力当地经济社会长远发 展。 对于我们自身而言，我认为，能源企业在境外发展要积极履行多重使命，包括助力合作国家加快工业 化、国际化进程，并助力其能源结构转型等等。目前，部分国家还长期依赖传统能源，而我们的能源企 业境外业务以水电、新能源等为主，这既推动了当地能源结构的优化升级，又可有效改善生态环境，可 以 ...

Investment Rating - The industry investment rating is maintained as "Increase" [4][3] Core Views - The "136 Document" catalyzes rapid growth in new energy this year, with accelerated electricity market reforms and the southern regional market starting continuous settlement, leading to more flexible electricity pricing reflecting supply and demand changes [3][10] - The cumulative installed capacity of solar power reached 1.08 billion kilowatts by the end of May, with a year-on-year increase of 56.9%, while the share of thermal power generation capacity decreased to approximately 40% [15][67] - The southern regional electricity market officially transitioned to continuous settlement, allowing for daily trading and better reflection of supply-demand dynamics [15][10] Summary by Sections Industry Overview - As of the end of May, the total installed power generation capacity in China reached 3.61 billion kilowatts, a year-on-year increase of 18.8% [15][67] - In the first five months of the year, solar power added 197.85 GW of new capacity, a year-on-year increase of 149.97%, while wind power added 46.28 GW, a year-on-year increase of 134.21% [15][67] Market Dynamics - The average daily trading volume in the southern regional electricity market is expected to reach 3.8 billion kilowatt-hours after the transition to continuous settlement [15][10] - The coal price rebounded to 620 yuan per ton, impacting the thermal power sector [11][3] Key Stocks - Recommended stocks include Huaneng International, Jingtou Energy, Huadian International, Sheneng Co., and Baoneng New Energy, focusing on those with flexible quarterly performance [3][7] - Emphasis on undervalued green electricity operators, particularly in Hong Kong stocks and wind power operators, such as Xintian Green Energy and Zhongmin Energy [3][7] Carbon Market - The national carbon market trading price increased by 4.83% this week, with a total trading volume of 6.68 billion tons and a cumulative trading amount of 458.99 billion yuan [52][69]