Group 1 - Shanghai Electric announced that its ninth board meeting for 2025 was held via teleconference on October 20, 2025, where the proposal for the election of directors responsible for company affairs was reviewed [1] - The former Vice Minister of Finance, Zhu Guangyao, expressed optimism that China's economic growth rate is expected to maintain between 4.5% and 5% in the coming years, with renewable energy and artificial intelligence identified as significant driving forces [1]

Group 1 - The A-share market saw a rise in power stocks, with Shanghai Electric hitting the daily limit, Hunan Development increasing over 6%, and Yunnan Energy Holdings rising over 4% [1] - Notable performers include Jiangxi Energy and Hubei Energy, both increasing over 3% [1] Group 2 - Shanghai Electric (code: 600021) rose by 9.99%, with a total market value of 68.6 billion and a year-to-date increase of 173.72% [2] - Hunan Development (code: 000722) increased by 6.64%, with a market value of 6.034 billion and a year-to-date increase of 38.09% [2] - Yunnan Energy Holdings (code: 001896) rose by 4.43%, with a market value of 9.353 billion and a year-to-date increase of 47.71% [2] - Jiangxi Energy (code: 000899) increased by 3.96%, with a market value of 10.5 billion and a year-to-date increase of 28.25% [2] - Hubei Energy (code: 000883) rose by 3.86%, with a market value of 31.4 billion and a year-to-date decrease of 0.63% [2] - Guiguan Electric (code: 600236) increased by 3.51%, with a market value of 58.1 billion and a year-to-date increase of 11.01% [2]

Group 1 - The electric power sector experienced a significant upward movement, with Shanghai Electric hitting the daily limit increase [1] - Yunnan Energy Investment rose by over 7%, indicating strong market performance [1] - Other companies such as Hubei Energy, Hunan Development, and Yunnan Energy Holdings also saw gains, reflecting a positive trend in the industry [1]

Group 1 - Shanghai Electric Power's stock increased by 5.42%, reaching 23.32 CNY per share, with a trading volume of 1.194 billion CNY and a turnover rate of 1.85%, resulting in a total market capitalization of 65.79 billion CNY [1] - The company, established on June 4, 1998, and listed on October 29, 2003, is primarily engaged in power generation, heating, and electricity services, with revenue composition of 92.90% from electricity, 5.49% from heating, and 1.61% from other services [1] Group 2 - Southern Fund's Southern CSI 500 ETF (510500) is among the top ten circulating shareholders of Shanghai Electric Power, having increased its holdings by 2.9551 million shares to a total of 20.9028 million shares, representing 0.8% of circulating shares [2] - The Southern CSI 500 ETF has a current scale of 113.438 billion CNY and has achieved a year-to-date return of 25.22%, ranking 1830 out of 4218 in its category, with a one-year return of 27.01%, ranking 1640 out of 3868 [2] - The fund manager, Luo Wenjie, has a tenure of 12 years and 186 days, with the fund's total asset scale at 138.999 billion CNY, achieving a best return of 145.85% and a worst return of -47.6% during his management [2]

Group 1 - The board meeting of Shanghai Electric Power Co., Ltd. was held in accordance with relevant laws and regulations [2] - The meeting was notified and materials were sent electronically on October 15, 2025 [3] - The meeting took place on October 20, 2025, in a communication format [4] - All 12 directors attended the meeting, meeting the requirements of the Company Law and Articles of Association [5] Group 2 - The board approved the proposal to elect a director to manage company affairs [6] - The proposal received 12 votes in favor, with no votes against or abstentions [7] - Mr. Huang Chen was elected as the director managing company affairs and will serve as the legal representative of the company [8] Group 3 - The resolution of the board meeting will be filed for record [9] - The announcement was made by the board of Shanghai Electric Power Co., Ltd. on October 21, 2025 [10]

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。 一、董事会会议召开情况 （一）上海电力股份有限公司董事会 2025 年第九次临时会议的召开符合有 关法律、行政法规、部门规章、规范性文件和公司章程的规定。 （二）本次董事会会议通知和会议材料于 2025 年 10 月 15 日以电子方式发 出。 （三）本次董事会会议于 2025 年 10 月 20 日以通讯会议方式召开。 证券简称：上海电力 证券代码：600021 编号：临 2025-099 上海电力股份有限公司 董事会 2025 年第九次临时会议决议公告 （四）会议应到董事 12 名，实到董事 12 名，符合《公司法》和《公司章程》 规定。 二、董事会审议及决议情况 同意关于选举执行公司事务的董事的议案。 该议案 12 票同意，0 票反对，0 票弃权。 同意选举公司董事黄晨先生为执行公司事务的董事，并担任公司的法定代表 人。 三、备查文件 1.上海电力股份有限公司董事会 2025 年第九次临时会议决议 特此公告。 上海电力股份有限公司董事会 二〇二五年十月二十一日 1 ...

New Stock Offerings - The offer period for the acquisition of Shangwei New Materials (688585) is from September 29, 2025, to October 28, 2025[1] - The latest announcements for various stocks include BoRui Pharmaceutical (688166) and Nanxin Pharmaceutical (688189) on October 10, 2025[1] - Significant abnormal fluctuations were reported for Nanxin Pharmaceutical (688189) on October 10, 2025[1] Trading Alerts - A total of 30 stocks have trading alerts issued on October 20, 2025, including Anlikang (002940) and ST Baoying (002047)[1] - The trading alerts cover various sectors, indicating potential volatility in the market[1] - The latest announcements for stocks such as YD Holdings (000626) and ST Nanzhi (002305) were made on October 20, 2025[1]

证券简称：上海电力 证券代码：600021 编号：临 2025- 097 上海电力股份有限公司 2025 年度 第十二、十三期超短期融资券发行结果公告 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。 证券简称：上海电力 证券代码：600021 编号：临 2025- 097 | | | 本次两期超短期融资券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，其中25沪电力SCP012募集资金主要用于偿还到期债券，25沪电力SCP013募集 资金主要用于归还金融机构借款。 特此公告。 上海电力股份有限公司董事会 二〇二五年十月十六日 上海电力股份有限公司于2025年10月14日发行了2025年度第十二、十三期超短期 融资券，现将发行结果公告如下： | 债务融资工 | 上海电力股份有限公司2025年 | 债务融资工具 | 25沪电力SCP012 | | --- | --- | --- | --- | | 具名称 | 度第十二期超短期融资券 | 简称 | | | 代码 | 012582437 | 债务融资工具 期限 | 58日 ...

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、准确性和完整性依法承担法律责任。 证券代码：600021 证券简称：上海电力 公告编号：2025-098 上海电力股份有限公司 关于首期股票期权激励计划 限制行权期间的提示性公告 二〇二五年十月十六日 1 根据《上市公司股权激励管理办法》《上海电力股份有限公司首期股票期权 激励计划（草案二次修订稿）》及中国证券登记结算有限责任公司上海分公司关 于股票期权自主行权的相关规定，结合上海电力股份有限公司（以下简称"公司"） 2025 年三季度报告披露计划，现就首期股票期权激励计划限制行权时间公告如 下： 公司首期股票期权激励计划首次授予部分股票期权于 2025 年 6 月 29 日进入 第二个行权期，行权期有效期为 2025 年 6 月 29 日-2026 年 5 月 29 日，目前处于 自主行权阶段。 本次限制行权期为 2025 年 10 月 23 日至 2025 年 10 月 30 日，在此期间全部 激励对象将限制行权。 公司将按照有关规定及时向中国证券登记结算有限责任公司上海分公司申 请办理限制行权的相关事宜 ...

Core Insights - Shanghai Waigaogiao Power Generation Co., Ltd. has increased its registered capital from approximately 1.804 billion RMB to about 3.394 billion RMB, representing an increase of approximately 88% [1][2] Company Information - The company was established in May 1996 and is co-owned by Shanghai Electric (600021) and Sheneng Co., Ltd. (600642) [1][2] - The legal representative of the company is Wang Guodi [1][2] - The company operates in power generation, transmission, and distribution [1][2] Capital Changes - The registered capital change occurred on September 30, 2025, with an increase of 1.59025 billion RMB [2] - Shanghai Electric's subscribed capital increased by 811.032 million RMB, while Sheneng Co., Ltd.'s subscribed capital rose by 779.218 million RMB [2][3] Shareholding Structure - Shanghai Electric holds a 51% stake in the company, with a subscribed capital of 1.73099 billion RMB [3] - Sheneng Co., Ltd. owns a 48.9999% stake, with a subscribed capital of 1.66310 billion RMB [3]