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。 黃朝全 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） 曹 欣 （非 執 行 董 事） 丁旭春 （非 執 行 董 事） 王劍鋒 （非 執 行 董 事） 公司秘書 中 國 • 北 京 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） 2025年5月30日 承董事會命 華能國際電力股份有限公司 债券代码：188200.SH 债券简称：21 华能 04 华能国 ...

EF001 截至二零二四年十二月三十一日止年度之末期股息所適用之代扣所得稅（包括股東類型 及適用的稅率）載列於下表。 除下表載列之外，若H股個人股東為與中國協議股息個人所得稅率低於10%的國家居民， 本公司將按照《國家稅務總局關於發佈<非居民納稅人享受協定待遇管理辦法>的公告》 的有關規定代為扣繳個人所得稅。若H股個人股東為與中國協議股息個人所得稅率高於 10%但低於20%的國家居民，本公司將按協議的實際稅率扣繳個人所得稅。 | | | 有關進一步詳情請見本公司二零二四年年度業績公告。 | | | --- | --- | --- | --- | | | | | 有關代預扣所得稅之更多補充 | | | 股東類型 | 稅率 | （如適用） | | | 非個人居民 | | | | | （非中國內地登記地址） | 10% | 本公司將按10%稅率代為扣繳H股 | | | | | 個人股東（香港居民、澳門居民或 | | | | | 其他與中國協議股息個人所得稅為 | | | | | 10%的國家居民）的個人所得稅。 | | | 非個人居民 | | | | | （非中國內地登記地址） | 20% | 若H股個人股東為與中 ...

5. 審 議 及 批 准《關 於 一 般 性 授 權 發 行 境 內 外 債 務 融 資 工 具 的 議 案》 （註二） 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通告的內 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 不對因本通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。 2024年年度股東大會通知 茲通告 華 能 國 際 電 力 股 份 有 限 公 司（「本公司」）謹 定 於2025年6月24日 上 午 九 時 正 在 中 華 人 民 共 和 國（「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會議室召開本公司2024年 年 度 股 東 大 會（「年度股東 大 會」或「股東大會」），屆 時 提 交 會 議 審 議 之 決 議 如 下： 普通決議 特別決議 – 1 – 1. 審 議 及 批 准《公 司2024年 度 董 事 會 工 作 報 告》 2. 審 議 及 批 准《公 司2024年 度 監 事 會 工 作 報 告》 3. 審 議 及 批 ...

此乃要件 請即處理 變更公司住所並修訂公司章程； 增補公司董事； 一般性授權發行境內外債務融資工具； 授予董事會增發公司股份一般性授權； 閣下如對本通函的任何方面或應採取的行動有任何疑問，應諮詢獨立專業意見。 閣下如已將名下全部華能國際電力股份有限公司股份售出或轉讓，應立即將本通函及，如適用， 委託代理人表格送交買方或承讓人或送交經手買賣或轉讓的銀行、持牌證券交易商或其他代 理商，以便轉交買主或承讓人。 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通函的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示概不就因本通函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。 及 年度股東大會通知 本公司擬定於2025年6月24日上午九時正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會議室舉行年度股東大會。年度股東大會的通知載於本通函第AGM-1至AGM-4頁。 股東大會適用之股東代表委任表格隨附於本通函，無論 閣下能否出席年度股東大會，應盡 快根據委託代理人表格上印備的指示填妥委託代理人表格，並於任何情況下不遲於該大會或 其任何續會指定舉行時間24小時前交回香 ...

Core Insights - The company reported a net profit of 4.973 billion yuan in Q1 2025, representing a year-on-year increase of 8.19% [1][2] - The total electricity generated by the company's power plants in China was 106.633 billion kWh in Q1 2025, a decrease of 5.66% year-on-year [1][2] - The average settlement price for electricity was 488.19 yuan/MWh, down 1.96% compared to the previous year [1][2] - The proportion of market-based electricity transactions was 84.85%, a decline of 1.75 percentage points year-on-year [1][2] Coal Price Impact - The company benefits from declining coal prices, with the average coal price for Q1 2025 at 888 yuan/ton, down 9% year-on-year [3] - Fuel costs were reported at 259 yuan/MWh, a decrease of 10% year-on-year [3] - The coal machinery segment achieved a pre-tax profit of 3.982 billion yuan in Q1 2025, up 41% from 2.825 billion yuan in Q1 2024 [3] - Expectations for Q2 2025 indicate continued decline in coal costs, potentially increasing profit margins for thermal power generation [3] Renewable Energy Expansion - The company plans to add approximately 10 GW of new renewable energy capacity in 2025, with around 7 GW from solar energy [2][3] - By the end of 2024, the share of low-carbon clean energy capacity is expected to reach 35.82% [2][3] - In Q1 2025, the company added 903.7 MW of wind power and 1,531.66 MW of solar power, with respective year-on-year growth in electricity generation of 8.81% and 51.21% [2][3] - The pre-tax profits for the wind and solar segments were 2.252 billion yuan and 564 million yuan, reflecting a decrease of 6.7% and an increase of 52.6% year-on-year, respectively [2][3] Investment Rating - The company has been given a "Buy" rating with a target price of 6.12 HKD per share, indicating a potential upside of 24% based on a projected PE ratio of 7.5 times for 2025 [4]

证券代码: 600011 证券简称: 华能国际 公告编号:2025-030 特此公告。 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 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。 华能国际电力股份有限公司（"公司"）2023年年度股东大会于2024年6月25 日通过决议，同意公司自2023年年度股东大会批准时起至2024年年度股东大会结 束时止，一次或分次滚动发行本金余额不超过300亿元人民币的超短期融资券（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超短期融资券本 金余额不超过300亿元人民币）。 公司已于近日完成了华能国际电力股份有限公司2025年度第四期超短期融 资券（"本期债券"）的发行。本期债券发行额为30亿元人民币，期限为63天，单 位面值为100元人民币，发行利率为1.50%。 本期债券由杭州银行股份有限公司和中国民生银行股份有限公司为主承销 商组织承销团，通过簿记建档、集中配售的方式在全国银行间债券市场公开发行。 本期债券募集资金将用于补充公司营运资金、调整债务结构、偿还银行借款 ...

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 關於超短期融資券發行的公告 本 公 告 乃 根 據 香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則（「上市規則」）第 13.10B條 而 作 出。 華 能 國 際 電 力 股 份 有 限 公 司（「公 司」）2023年年度股東大會於2024年6月 25日 通 過 決 議，同 意 公 司 在 自2023年年度股東大會批准時起至2024年 年 度 股 東 大 會 結 束 時 止，一 次 或 分 次 滾 動 發 行 本 金 餘 額 不 超 過 人 民 幣300 億 元 的 超 短 期 融 資 券（即 在 前 述 授 權 期 限 內 的 任 一 時 點，公 司 發 行 的 處 於有效存續期內的超短期融資券本金餘額不超過人民幣300億 元）。 公司已於近日完成了華能國際電力股份有限公司2025年度第四期超短 期 ...

Core Viewpoint - The China Securities Index 300 Mainland Low Beta Index has shown significant growth, with a 5.72% increase over the past month, 7.58% over the past three months, and a year-to-date increase of 6.97% [1]. Group 1: Index Performance - The China Securities Index 300 Mainland Low Beta Index is currently at 3507.98 points [1]. - The index was established on December 30, 2005, with a base point of 1000.0 [1]. Group 2: Top Holdings - The top ten holdings of the index include: - Weilu Group (3.39%) - China Telecom (3.37%) - Shandong Gold (2.91%) - Jingtai Holdings (2.88%) - China Mobile (2.87%) - Zheshang Bank (2.77%) - China Merchants Port (2.65%) - Huaneng International Power (2.58%) - Qizhi Group (2.56%) - Zhaojin Mining (2.52%) [1]. Group 3: Sector Allocation - The sector allocation of the index is as follows: - Financials: 20.45% - Industrials: 17.74% - Energy: 14.05% - Communication Services: 12.89% - Utilities: 11.71% - Health Care: 7.92% - Materials: 7.21% - Consumer Discretionary: 5.67% - Consumer Staples: 1.67% - Information Technology: 0.67% [2]. Group 4: Index Adjustment - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December [2]. - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [2].

Investment Rating - The report assigns a "Buy" rating to Huaneng International, with a target price of HKD 6.12 per share, indicating a potential upside of 24% from the current price of HKD 4.93 [6][11]. Core Views - The company is expected to benefit from declining coal prices, leading to sustained growth in thermal power performance. In Q1 2025, the company reported a net profit of RMB 4.973 billion, an increase of 8.19% year-on-year, despite a 7.70% decline in revenue [3][4][8]. - The company plans to add approximately 10GW of new renewable energy capacity in 2025, with a focus on solar and wind energy, which is expected to enhance its low-carbon energy portfolio [5][10]. Summary by Sections Financial Performance - In Q1 2025, Huaneng International's total electricity generation was 106.633 billion kWh, a decrease of 5.66% year-on-year. The average settlement price for electricity was RMB 488.19 per MWh, down 1.96% year-on-year. The company's revenue for the quarter was RMB 60.335 billion, a decrease of 7.70% year-on-year, while net profit increased to RMB 4.973 billion [3][8]. Coal Price Impact - The report highlights that the company is benefiting from lower coal prices, with the average coal price for Q1 2025 at RMB 888 per ton, down 9% year-on-year. The fuel cost was RMB 259 per MWh, a decrease of 10% year-on-year. The coal segment achieved a pre-tax profit of RMB 3.982 billion, up 41% year-on-year [4][9]. Renewable Energy Expansion - Huaneng International's renewable energy capacity is projected to grow significantly, with plans for 10GW of new installations in 2025, including approximately 7GW from solar energy. The company’s renewable energy generation in Q1 2025 saw an increase of 8.81% for wind and 51.21% for solar compared to the previous year [5][10]. Valuation Metrics - The report provides a financial forecast for the company, projecting revenues of RMB 246.931 billion for 2025, with a net profit of RMB 11.693 billion, reflecting a growth rate of 14.8% year-on-year. The price-to-earnings ratio is expected to be 6.1 times at the current share price [7][14].

Group 1 - Sun Cable's shareholder plans to reduce its stake by up to 3% of the company's shares, amounting to 21.67 million shares, due to operational needs [1] - China Chemical's controlling shareholder has secured a loan commitment of up to 540 million yuan to support its share buyback plan, which aims to purchase between 300 million and 600 million yuan worth of shares within 12 months [1] Group 2 - Palm Holdings has initiated legal proceedings over a loan dispute involving over 149 million yuan, which represents 8.99% of the company's latest audited net assets [2] - Zhongtai Securities' application for a specific stock issuance has been accepted by the Shanghai Stock Exchange, pending further regulatory approval [4] Group 3 - Tongda Electric's stock has seen a significant increase of 30.01% over three consecutive trading days, raising concerns about potential market overheating and irrational speculation [5] - Huaneng International plans to apply for public REITs based on its Qingdao project, involving a transfer of project company shares and strategic participation from related parties [7] Group 4 - Longjian Shares' application for issuing convertible bonds has been approved by the Shanghai Stock Exchange, pending further registration approval from the China Securities Regulatory Commission [7] - Hehe Information is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its global capital operations [8] Group 5 - ST Huaxi has signed a significant overseas contract worth approximately 2.9 billion yuan for the reconstruction of a power plant in Iraq, although the contract's effectiveness is subject to certain conditions [9] - Zhongqi Shares has project approval for a chemical product but has not yet commenced production, indicating limited impact from recent industry incidents [11] Group 6 - Sino Medical's subsidiary has received a medical device registration certificate for a new stent product, marking a significant advancement in its product offerings [14] - *ST Longjin's stock is entering a delisting preparation period, with trading expected to last for 15 days [15] Group 7 - Chao Da Equipment has undergone a change in controlling shareholder, with a significant portion of shares transferred to Nanjing Youxu [15] - *ST Wan Fang plans to transfer a 68.88% stake in a subsidiary for 7.6 million yuan, ceasing its financial consolidation with the subsidiary [16] Group 8 - Zhejiang Construction's subsidiary has won a framework contract for a residential redevelopment project valued at approximately 1.2 billion yuan, expected to positively impact the company's performance [17] - China Gold's controlling shareholder plans to increase its stake in the company by investing between 168 million and 335 million yuan [18] Group 9 - Tianhong Shares' major shareholder intends to reduce its stake by up to 3%, amounting to 35.07 million shares, due to personal funding needs [18] - Lingdian Electric Control is planning to acquire a 98.43% stake in a company for 478 million yuan to consolidate resources in the automotive electronics sector [19] Group 10 - Tianyuan Pet is planning to acquire an 89.71% stake in a technology company, with funding to be raised through a share issuance [19] - Beijing Culture's major shareholder plans to reduce its stake by up to 3%, amounting to 21.48 million shares, due to operational funding needs [20]