Market Overview - The electricity sector increased by 0.42% compared to the previous trading day, with Shanghai Electric leading the gains [1] - The Shanghai Composite Index closed at 3912.21, up 1.22%, while the Shenzhen Component Index closed at 13118.75, up 1.73% [1] Stock Performance - Shanghai Electric (600021) closed at 24.23, up 9.99% with a trading volume of 1.8894 million shares and a transaction value of 4.35 billion [1] - Other notable performers include: - Suihengyun A (000531) at 6.86, up 9.94% [1] - ST Yinda (300125) at 10.93, up 8.11% [1] - Shimao Energy (605028) at 27.43, up 6.90% [1] - Jiantou Energy (000600) at 8.83, up 5.12% [1] Fund Flow Analysis - The electricity sector saw a net inflow of 51.26 million from institutional investors, while retail investors contributed a net inflow of 101 million [2] - Notable net inflows from major stocks include: - Shanghai Electric with a net inflow of 441 million [3] - Huaneng International (600011) with a net inflow of 70.87 million [3] - Suihengyun A with a net inflow of 50.87 million [3] Declining Stocks - Some stocks in the electricity sector experienced declines, including: - Changqing Group (002616) down 3.99% to 6.25 [2] - Zhonglv Electric (000537) down 3.95% to 9.00 [2] - Huaguang Huaneng (600475) down 1.95% to 16.55 [2]

Group 1 - The A-share market showed strong performance, with the ChiNext Index rising over 2.00%, the Shanghai Composite Index increasing by 0.90%, and the Shenzhen Component Index up by 1.40% [1] - Sectors such as pharmaceuticals, robotics, electric power, and textiles led the gains, with nearly 3,900 stocks in the Shanghai, Shenzhen, and Beijing markets experiencing price increases [1] Group 2 - Notable stock performances included Shanghai Electric (code: 600021) with a rise of 9.99% and a total market capitalization of 68.4 billion, and Suihengda A (code: 000531) with a 9.94% increase and a market cap of 7.144 billion [2] - Other significant gainers included Shimao Energy (code: 605028) up by 7.44% with a market cap of 4.411 billion, and Jiantou Energy (code: 000600) which rose by 5.24% with a market cap of 16 billion [2] - Year-to-date performance showed Shanghai Electric with a 172.60% increase, while Jiantou Energy had a 58.93% rise [2]

Core Viewpoint - The A-share market has seen a significant rise in power stocks, with notable gains in companies such as Shanghai Electric and Suihengyun A, which hit the daily limit, indicating strong investor interest in the sector [1]. Group 1: Stock Performance - Shanghai Electric (600021) increased by 9.99%, with a total market capitalization of 68.4 billion and a year-to-date increase of 172.60% [2]. - Suihengyun A (000531) rose by 9.94%, with a market cap of 7.144 billion and a year-to-date increase of 20.71% [2]. - Shimao Energy (605028) saw a gain of 7.44%, with a market cap of 4.411 billion and a year-to-date increase of 70.48% [2]. - Jiantou Energy (000600) increased by 5.24%, with a market cap of 16 billion and a year-to-date increase of 58.93% [2]. - Ganeng Co. (000899) rose by 4.59%, with a market cap of 10.2 billion and a year-to-date increase of 24.92% [2]. - Jingneng Electric (600578) increased by 4.33%, with a market cap of 30.7 billion and a year-to-date increase of 33.44% [2].

Core Viewpoint - The A-share market has seen a significant rise in power stocks, indicating positive investor sentiment in the energy sector [1] Group 1: Company Performance - Shanghai Electric and Suihengyun A stocks reached the daily limit up [1] - Shimao Energy increased by over 7% [1] - Jiantou Energy rose by over 5% [1] - Ganneng Co. and Jingneng Power both saw increases of over 4% [1]

午后电力板块震荡拉升 上海电力、穗恒运A涨停，世茂能源、建投能源、赣能股份、京能电力跟涨。消 息面上，来自多家头部发电企业的最新运营数据表明，风电、光伏、水电、核电以及储能等清洁能源发 电量同比普遍实现两位数增长。 ...

Group 1 - Shanghai Electric's stock increased by 5.31%, reaching a price of 23.20 CNY per share, with a trading volume of 2.601 billion CNY and a turnover rate of 4.12%, resulting in a total market capitalization of 65.452 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, having increased its holdings by 2.9551 million shares in the second quarter, totaling 20.9028 million shares, which represents 0.8% of circulating shares [2] - The estimated floating profit from this investment is approximately 24.4562 million CNY [2] - The Southern CSI 500 ETF was established on February 6, 2013, with a current scale of 113.438 billion CNY, yielding 27.41% year-to-date and ranking 1733 out of 4220 in its category [2] Group 3 - The fund manager of Southern CSI 500 ETF is Luo Wenjie, who has a cumulative tenure of 12 years and 180 days, managing assets totaling 138.999 billion CNY [3] - During his tenure, the best fund return achieved was 152.82%, while the worst return was -47.6% [3]

Group 1 - The power sector is experiencing an upward trend, with Shanghai Electric hitting the daily limit increase [1] - Shimao Energy has risen over 8%, indicating strong market performance [1] - Other companies such as Southern Power Technology, Jiantou Energy, and Beijing Energy are also seeing gains [1]

Group 1 - The core point of the announcement is that Shanghai Electric Power Co., Ltd. reported a total power generation of 601.70 billion kWh for the first three quarters of 2025, representing a year-on-year increase of 1.98% [2] - Coal power generation reached 393.13 billion kWh, showing a slight decline of 0.54% year-on-year, while gas power generation decreased by 14.93% to 61.78 billion kWh [2] - Renewable energy sources showed significant growth, with wind power generation increasing by 15.90% to 83.72 billion kWh and solar power generation rising by 26.43% to 63.07 billion kWh [2] Group 2 - The total grid electricity sold was 576.34 billion kWh, which is a 2.11% increase compared to the previous year, with an average grid electricity price of 0.58 yuan per kWh [2] - The company's market transaction settlement electricity volume for the first three quarters was 438.60 billion kWh, with 383.83 billion kWh from domestic market transactions and 54.77 billion kWh from inter-provincial transactions [2] - As of the end of September 2025, the company's installed capacity was 25.7792 million kW, with clean energy accounting for 61.80% of the total capacity [3]

Core Viewpoint - Shanghai Electric (600021.SH) reported an increase in consolidated power generation for the first nine months of 2025, driven by growth in clean energy generation capacity and output [1] Group 1: Power Generation Performance - The company achieved a consolidated power generation of 60.17 billion kilowatt-hours (kWh) from January to September 2025, representing a year-on-year increase of 1.98% [1] - Coal power generation amounted to 39.31 billion kWh during the same period, showing a slight decline of 0.5% year-on-year [1] Group 2: Market Transaction Volume - The total market transaction settlement volume for the company reached 43.86 billion kWh from January to September 2025 [1] - Within this, the intra-provincial market transaction settlement volume (including medium to long-term and spot transactions) was 38.38 billion kWh, while inter-provincial transaction settlement volume was 5.48 billion kWh [1] Group 3: Growth Drivers - The primary reason for the increase in power generation was the growth in clean energy generation capacity and output [1]

证券简称：上海电力 证券代码：600021 编号：2025-096 上海电力股份有限公司 2025 年前三季度发电量完成情况公告 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。 一、2025 年前三季度发电量完成情况 根据公司统计，2025 年 1-9 月，公司完成合并口径发电量 601.70 亿千瓦时， 同比上升 1.98%，其中煤电完成 393.13 亿千瓦时，同比下降 0.54%，气电完成 61.78 亿千瓦时，同比下降 14.93%，风电完成 83.72 亿千瓦时，同比上升 15.90%， 光伏发电完成 63.07 亿千瓦时，同比上升 26.43%；上网电量 576.34 亿千瓦时， 同比上升 2.11%；上网电价均价（含税）0.58 元/千瓦时。 2025 年 1-9 月，公司市场交易结算电量 438.60 亿千瓦时。其中省内市场化 交易结算电量（中长期、现货等）383.83 亿千瓦时，跨省区交易结算电量 54.77 亿千瓦时。 证券简称：上海电力 证券代码：600021 编号：2025-096 | 类型 | 公司/ ...