Core Viewpoint - The article discusses the recent performance of the A-share market, highlighting significant movements in various sectors, particularly the impact of Shanghai Electric's halted acquisition and the rebound in the AI and oil & gas sectors. Group 1: Market Overview - The three major indices in the A-share market experienced a slight increase, with the Shanghai Composite Index rising by 0.13%, the Shenzhen Component Index by 0.38%, and the ChiNext Index by 1.27% [2] - The total trading volume in the Shanghai and Shenzhen markets was 200.40 billion yuan, a decrease of 148.1 billion yuan compared to the previous day [2] - Over 2400 stocks in the market saw an increase in their prices [2] Group 2: Shanghai Electric - Shanghai Electric, which had seen a rise of over 120% in one month, faced a one-day limit down, closing at 20.79 yuan, a drop of 10% [4][5] - The company announced the termination of its acquisition of a 66.40% stake in Pakistan's KE Company, valued at nearly 2 billion USD, due to unmet conditions and changes in the business environment in Pakistan [8] - Despite the termination of the acquisition, it was stated that this would not have a significant adverse impact on the company's operations [8] - Shanghai Electric also approved investments in two renewable energy projects, with total investments not exceeding 3.78 billion yuan for the offshore photovoltaic project and 2.26 billion yuan for the wind power project [11][13] Group 3: AI Sector - The AI industry chain saw a rebound, with notable increases in cloud computing, computing power, chips, and optical modules [15] - Industrial Fulian, a leading company in the sector, reached its daily limit up, while other companies like Cambrian Technology also saw significant gains [15] - Oracle's strong performance in AI business, despite missing revenue expectations, led to a surge in its stock price by over 28% after announcing a substantial increase in unfulfilled revenue contracts [15][17] Group 4: Oil & Gas Sector - The oil and gas sector experienced a notable increase, with companies like Tongyuan Petroleum rising by 14.88% and Huai Oil shares hitting the daily limit [19][20] - The rise was attributed to significant breakthroughs in oil and gas exploration in China, as well as geopolitical tensions in the Middle East affecting oil prices [22]

上海电力一场自2016年发起的跨国并购，最终以放弃告终。 9月10日早盘，上海电力(600021)跳水跌停，截至发稿，该股报20.79元/股，跌停板上封单达18万手。至昨日收盘，该股年内已累计涨约160%。 上海电力9日晚间公告，9月9日，公司召开第九届董事会第五次会议，审议通过了《关于终止并核销巴基斯坦KE公司股权收购事项的议案》，同意公司终 止本次重大资产购买事项。 | | | 公司表示，本次交易从启动到终止，未对上市公司生产经营产生重大不利影响，未导致上市公司经营环境产生重大不利变化。 拟投资60亿元建设项目 此外，9月9日，上海电力同时发布公告称，公司召开第九届董事会第五次会议，会议审议并通过了关于上电绿能奉贤1号海上光伏项目和新疆臻元黑龙江 牡丹江40万千瓦风电项目的投资决策，两个项目的动态含税总投资分别不高于37.80亿元和22.61亿元。 其中，奉贤1号海上光伏项目位于上海市奉贤区海域，装机规模为50万千瓦，是上海市第一批海上光伏试点项目。由公司所属全资子公司上海电力绿色能 源有限公司以动态含税总投资不高于37.80亿元实施建设，资本金为计划总投资的20%，剩余部分以贷款形式解决。 黑龙江牡丹江 ...

上海电力(600021.SH)跌停，报20.79元，市值585.6亿元。该股近期持续上涨，至昨日收盘，该股年内已累计涨约160%。 此外，9月9日，上海电力同时发布公告称，公司召开第九届董事会第五次会议，会议审议并通过了关于上电绿能奉贤1号海上光伏项目和新疆臻元黑龙江牡 丹江40万千瓦风电项目的投资决策，两个项目的动态含税总投资分别不高于37.80亿元和22.61亿元。 消息上，上海电力昨日晚间发布公告称，公司召开第九届董事会第五次会议，审议通过了《关于终止并核销巴基斯坦KE公司股权收购事项的议案》，同意 公司终止本次重大资产购买事项。值得注意的是，上述重大资产收购事项自2016年起开始筹划推进，9年间，上海电力多次披露公告，对本次交易的相关事 宜进行说明。 ...

需要注意的是，此次上海电力在宣布终止收购KE公司股权的同时，公司还披露了其在新能源领域的最 新投资计划。 公告显示，上海电力已审议通过了关于上电绿能奉贤1号海上光伏项目和新疆臻元黑龙江牡丹江40万千 瓦风电项目的投资决策，两个项目的动态含税总投资分别不高于37.80亿元和22.61 亿元，合计投资超60 亿元。 其中，奉贤1号海上光伏项目位于上海市奉贤区海域，装机规模为50万千瓦，是上海市第一批海上光伏 试点项目。 9月9日晚间，上海电力发布公告称，因交易对方未能达成交割先决条件，且巴基斯坦营商环境发生变 化，公司决定终止对KE公司部分股权的收购。 事实上，终止收购并非是上海电力一时兴起。在8月中旬，上海电力披露收购最新进展时，就曾表示， 鉴于本次交易条件一直未能落实且不再具备实施条件，公司正在组织相关方研究终止本次交易的相关事 宜，并履行内部相关流程。 据了解，标的KE公司是一家位于巴基斯坦的热电公司。而此次收购早在2016年8月就已启动。彼时，上 海电力计划以现金方式收购KES能源公司持有的KE公司183.36亿股，占KE公司总股本的66.40%；交易 涉及金额约17.70亿美元，并视KE公司经营情况给予 ...

从9月10日起，上海电力1.SH，股价23.1元，市值650.67亿元）不用再每30日披露一次重大资产购买交割进展公告了，此前，上海电力已连续8年发布相关 公告。 9月9日，上海电力发布《关于终止重大资产购买的公告》，宣布终止以现金收购KES POWER LTD.（以下简称"KES能源公司"）持有的K-ELECTRIC LIMITED（以下简称"KE公司"）66.40%股权的重大资产购买事项。 上海电力给出的理由是，鉴于交易对方始终未能达成交割先决条件及巴基斯坦营商环境变化导致本次交易不再符合公司国际化发展方向。 两大原因导致交易终止 从决策历程来看，上海电力此次终止重大资产购买并非临时决定，而是经过严谨的内部决策流程。 公告披露，自2017年3月21日至2025年8月20日，上海电力按照相关规定每30日披露一次《上海电力股份有限公司关于公司重大资产购买交割进展的公 告》，对实施进展及尚需开展的工作情况进行说明，并对本次交易因电价发生变化而影响标的公司盈利能力、交易条件一直未能落实从而存在终止风险、 正在组织相关方研究终止本次交易的相关事宜等事项进行提示。 8月19日，上海电力发布的最后一份关于公司重大资产购 ...

公告指出，奉贤1号海上光伏项目位于上海市奉贤区海域，装机规模为50万千瓦，总投资不高于37.80亿 元实施建设，资本金为计划总投资的20%，剩余部分以贷款形式解决。黑龙江牡丹江40万千瓦风电项 目，总投资不高于22.61亿元实施建设，资本金为计划总投资的20%，剩余部分以贷款形式解决。 2025年9月10日，上海电力(600021.SH)公告称，公司会议审议并通过了关于上电绿能奉贤1号海上光伏 项目和新疆臻元黑龙江牡丹江40万千瓦风电项目的投资决策，两个项目的动态含税总投资分别不高于 37.80亿元和22.61亿元。 ...

上海电力（600021）10日跳水跌停，截至发稿，该股报20.79元/股，跌停板上封单达18万手。至昨日收 盘，该股年内已累计涨约160%。 公司称，自筹划本次重大资产购买事项以来，公司严格按照相关法律、法规及规范性文件的规定，积极 推进本次重大资产购买所涉及的各项工作。鉴于交易对方始终未能达成交割先决条件及巴基斯坦营商环 境变化导致本次交易不再符合公司国际化发展方向，经审慎研究分析，为切实维护公司及全体股东利 益，公司决定终止本次重大资产购买事项。因KES能源公司未能满足《股份买卖协议》第4.1条规定的 先决条件，上海电力有权依据《股份买卖协议》第4.8条终止该协议。 公司表示，本次交易从启动到终止，未对上市公司生产经营产生重大不利影响，未导致上市公司经营环 境产生重大不利变化。同时，本次重大资产购买尚未达成交割先决条件，本次交易终止对上市公司未产 生实质性影响，不会对上市公司现有生产经营活动、财务状况造成重大不利影响，不存在损害上市公司 及中小股东利益的情形。 上海电力9日晚间公告，9月9日，公司召开第九届董事会第五次会议，审议通过了《关于终止并核销巴 基斯坦KE公司股权收购事项的议案》，同意公司终止本次 ...

Group 1: Shareholder Reductions - Dabeinong's actual controller plans to reduce holdings by no more than 1.99% [1] - Best Idea, JSR, and GPTMT intend to collectively reduce holdings by no more than 6% [1] - Yang Enguang from Guanzhong Ecological plans to reduce holdings by no more than 1.50% [1] - Jinan Hongdao New Energy intends to reduce holdings in Linuo Pharmaceutical Packaging by no more than 3.00% [1] - Yuxin Investment plans to reduce holdings in Yuma Technology by no more than 3% [1] - The actual controller's concerted action party in Redik plans to reduce holdings by no more than 2% [1] - The National Integrated Circuit Fund intends to reduce holdings in Zhongshen Port by no more than 3% [1] - Kaihong Investment plans to reduce holdings in Chunguang Technology by no more than 801,600 shares [1] - Ningxing Asset intends to reduce holdings in Yongxin Optical by no more than 1% [1] - Zhou Donglian plans to collectively reduce holdings in Xinjieneng by no more than 152,500 shares [1] - The actual controller and its concerted action party in Tianzheng Electric plan to reduce holdings by no more than 2.36% [1] - Chen Lirong, the actual controller of Baihehua, plans to reduce holdings by no more than 0.7% [1] - Wang Xiuyun and Liu Guoliang plan to collectively reduce holdings in Zhongyan Co., Ltd. by 1.9825% [1] Group 2: Other Corporate Actions - Shanghai Shenli has terminated a major asset purchase [1] - Boyuan Co., Ltd. has not yet achieved sales of iodide products in the solid-state application field [1]

Mergers and Acquisitions - Shanghai Electric announced the termination of the acquisition of K-Electric Limited, which involved purchasing 183.36 billion shares, accounting for 66.40% of the total issued share capital, with an original planned consideration of $1.77 billion [1] Shareholding Changes - Yongxin Optical's major shareholder, Ningxing Asset Management Co., Ltd., plans to reduce its stake by no more than 1%, equating to a maximum of 1.1094 million shares [2] - Tianzheng Electric's actual controller, along with associated parties, intends to reduce their holdings by a total of up to 2.36%, which includes a maximum of 1.194 million shares through centralized bidding and 6.879 million shares through block trading [3] - China Integrated Circuit Industry Investment Fund Co., Ltd., a shareholder with a 7.3747% stake in Zhongdian Port, plans to reduce its holdings by no more than 3% through centralized bidding or block trading [4] Company Operations - China National Gold Group's Inner Mongolia Mining Co., Ltd. has resumed production, and the suspension did not significantly impact the company's overall production operations and performance [5] - The actual controller of Juran Smart Home has changed from Wang Linpeng to Yang Fang due to the former's passing, with the new controller inheriting shares without affecting the company's operational stability and independence [6] Fundraising Activities - Guangxun Technology plans to issue no more than 242 million shares to specific investors, including its actual controller, China Information Communication Technology Group, with expected total fundraising not exceeding 3.5 billion yuan. The funds will be used for the construction of optical connection and high-speed optical transmission product production projects, as well as for research and development of high-speed optical interconnection and emerging optoelectronic technologies [7]

Core Viewpoint - Shanghai Electric has terminated the major asset acquisition of K-Electric Limited due to unmet closing conditions and changes in the business environment in Pakistan, marking the end of an 8-year disclosure requirement for the transaction [1][2][3]. Group 1: Termination Reasons - The termination of the acquisition was not a sudden decision but followed a rigorous internal decision-making process [2]. - The core reasons for termination include the failure to meet closing conditions and changes in the business environment in Pakistan [2][3]. - Since the initiation of the acquisition in 2016, KES Energy Company has consistently failed to meet the closing conditions outlined in the share purchase agreement [3]. Group 2: Impact on Company Operations - The termination of the acquisition is stated to have no significant adverse impact on the company's operations or financial status, as the closing conditions were never met [3]. - The company has maintained that the termination will not harm the interests of the company or its minority shareholders [3]. Group 3: Changes in Industry Environment - The energy structure in China has undergone significant changes, impacting the acquisition's viability [4]. - The domestic power industry is transitioning from traditional coal-based power to clean energy, with substantial government support for renewable energy sources [5][6]. - As of mid-2025, the company reported that clean energy accounted for 61.83% of its installed capacity, reflecting the broader industry trend towards green energy [6].