Core Insights - A new offshore wind power company has been established in Yancheng Binhai, formed by State Power Investment Corporation and Zhihai Offshore Wind Power Co., Ltd. [1] - The company has a registered capital of 500 million yuan and its business scope includes power generation, transmission, distribution, aquaculture, emerging energy technology research and development, and energy storage technology services [1] - The company is jointly owned by State Power Investment Corporation's Jiangsu Electric Power Co., Ltd. and New Power Era Energy Technology Co., Ltd. [1]

Financial Performance - Jinling Mining reported a net profit of 220 million yuan for the first three quarters, representing a year-on-year increase of 47.09% [1] - Northern Rare Earth expects a net profit of 1.51 billion to 1.57 billion yuan for the first three quarters, a year-on-year increase of 272.54% to 287.34% [2] - Chuanjinno anticipates a net profit of 290 million to 310 million yuan for the first three quarters, with a year-on-year growth of 162.56% to 180.66% [3] - Allwinner Technology expects a net profit of 260 million to 290 million yuan for the first three quarters, a year-on-year increase of 72.20% to 92.06% [15] - Youyan New Materials forecasts a net profit of 230 million to 260 million yuan for the first three quarters, a year-on-year growth of 101% to 127% [16] - Qianyuan Electric anticipates a net profit of 451 million to 531 million yuan for the first three quarters, representing a year-on-year increase of 70% to 100% [18] Corporate Actions - Aowei New Materials announced that its stock will resume trading on October 13 after a suspension due to unusual trading fluctuations [4] - Dongxin Co. plans to transfer 13.2675 million shares, accounting for 3.00% of the total share capital, through a pricing inquiry [5] - Xibei Securities announced the resignation of its fund manager due to retirement [6] - Aviation Control reported the resignation of its vice chairman due to job relocation [7] - BOE Technology Group announced the resignation of its vice chairman for personal reasons [9] - Standard Shares reported the resignation of its chairman due to work adjustments [10] - Kent Shares announced the resignation of its deputy general manager for personal reasons [10] Strategic Developments - Keda Li plans to establish a wholly-owned subsidiary in Hong Kong with an investment of up to 3 million HKD to enhance its international presence [13] - Jiekang Equipment completed the acquisition of 51% of Shandong Carbon Seeking's shares, which will be included in its consolidated financial statements [12] - China Energy Construction signed three total contracting projects for wind and solar power in Saudi Arabia, with a total contract value of approximately 19.554 billion yuan [14]

证券简称：上海电力 证券代码：600021 编号：临 2025-094 ◆公司关于购买 KES POWER LTD.持有的 K-ELECTRIC LIMITED 股份的重大资产 购买事项，已经 2025 年 9 月 9 日召开的公司第九届董事会第五次审议通过，同意公 司终止本次重大资产购买事项。上述事项尚需提交股东会审议。 ◆截至 2025 年 10 月 10 日，公司市净率为 3.43，公司所处行业指数"万得电 力公用事业"市净率为 1.82，公司市净率高于同行业平均水平，公司存在估值较高 风险。 上海电力股份有限公司 关于股票交易异常波动的公告 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法律责任。 重要内容提示 ◆上海电力股份有限公司（以下简称"本公司"或"公司"）股票于 2025 年 9 月 30 日、10 月 9 日和 10 月 10 日连续三个交易日收盘价格涨幅偏离值累计达 20%， 构成《上海证券交易所交易规则》规定的股票交易异常波动情况。 ◆经公司自查并向控股股东核实，截至本公告披露日，不存在涉及本公司的应 披露而未披 ...

Core Viewpoint - Shanghai Electric (600021) announced on October 10 that its production and operational activities are normal, and there are no undisclosed significant information [1] Group 1 - The company reported an abnormal fluctuation in stock trading and conducted a self-examination [1] - The significant asset purchase of K-Electric Limited shares from KES POWER LTD. was approved by the company's board on September 9, 2025, but the company has decided to terminate this acquisition [1] - The termination of the asset purchase will require approval from the shareholders' meeting [1]

Core Insights - A total of 86 stocks on the Shanghai, Shenzhen, and Beijing exchanges have experienced net inflows of main funds for five consecutive days or more as of October 10 [1] - The stock "寒武纪-U" has seen the longest streak of net inflows, with 32 consecutive days and a total net inflow of 4.377 billion [1] - "振德医疗" ranks second with 10 consecutive days of net inflows [1] Summary by Category Main Fund Inflows - "寒武纪-U" has the highest total net inflow amounting to 4.377 billion over 32 days, with a net inflow ratio of 0.72% and a cumulative increase of 33.52% [1] - "上海电力" follows with a net inflow of 1.521 billion over 6 days, achieving a cumulative increase of 32.91% [1] - "农业银行" and "万华化学" also show significant inflows, with net inflows of 1.078 billion and 540 million respectively over 6 and 7 days [1] Performance Metrics - "国电南自" has the highest net inflow ratio at 14.99% over 5 days, with a cumulative increase of 18.03% [1] - "振德医疗" has a cumulative increase of 40.10% over 10 days, indicating strong performance alongside its net inflow of 424 million [1] - Other notable stocks include "白银有色" with a cumulative increase of 35.11% and "东吴证券" with a 7.07% increase over 5 days [1]

Core Insights - The electricity sector experienced a rise of 0.71% on the previous trading day, with Lianmei Holdings leading the gains [1] - The Shanghai Composite Index closed at 3897.03, down 0.94%, while the Shenzhen Component Index closed at 13355.42, down 2.7% [1] Stock Performance - Lianmei Holdings (600167) closed at 9.35, up 10.00% with a trading volume of 889,900 shares and a transaction value of 808 million [1] - Shanghai Electric (600021) closed at 25.12, up 7.90% with a trading volume of 1,973,300 shares [1] - Huayin Power (600744) closed at 6.82, up 6.40% with a trading volume of 1,951,200 shares [1] - Other notable performers include Waneng Power (000543) up 5.09% and Guiguan Power (600236) up 4.77% [1] Capital Flow - The electricity sector saw a net outflow of 773 million from institutional investors and 445 million from retail investors, while retail investors had a net inflow of 1.218 billion [2][3] - Major stocks like Changjiang Electric (600900) and Lianmei Holdings (600167) experienced significant capital movements, with Lianmei Holdings seeing a net inflow of 1.33 billion from institutional investors [3]

Core Viewpoint - Shanghai Electric Power Co., Ltd. has announced the results of the first stock option incentive plan's second exercise period, indicating a significant participation rate and the issuance of new shares to incentivized employees [2][9]. Summary by Sections Stock Option Exercise Details - The number of stock options that can be exercised in the second exercise period is 4.8444 million shares, with an actual exercise period from June 29, 2025, to May 29, 2026 [2]. - As of September 30, 2025, a total of 4.4418 million shares have been exercised and registered, accounting for 91.69% of the available options for this period [2]. Listing and Trading Arrangements - The exercised shares will be credited to the stock accounts of the incentivized employees on the first trading day after the exercise date (T+1) and will be available for trading on the second trading day (T+2) [3][13]. Decision-Making Process and Disclosure - The decision-making process for the stock option plan involved multiple board meetings and independent opinions from directors, ensuring compliance with regulations and shareholder interests [4][5][6][7][8]. Basic Information on the Stock Option Exercise - A total of 105 individuals participated in the exercise and completed the share transfer registration [11]. - The exercise price for the stock options is set at 12.295 yuan per share [12]. Impact on Share Capital and Fund Utilization - The total number of shares listed for trading after the exercise is 4.4418 million, all of which are unrestricted shares [14]. - The funds raised from this exercise amount to 54,611,931 yuan, which will be used to supplement the company's working capital [15]. Financial Impact - The stock option exercise is not expected to have a significant impact on the company's financial status or operating results [15].

04 会员动态 国网上海电力： 圆满完成2025年国庆中秋"双节"保电任务 今年国庆中秋"双节"叠加，国网上海市电力公司提早部署、周密组织，圆满完成本次长假保电任务，确保了电网安全运行、服务保障有力，全市电力供应平稳有序，全市人民度过了安稳祥和的 节日期间，上海最高气温为35摄氏度，平均气温高于去年同期8摄氏度左右。受此影响，用电负荷有所上升，全市最高负荷在10月6日达到2943万千瓦，同比增长40.68%；节日期间累计用电量 点击查看保电详情 华东电力设计院有限公司： 淮南平圩电厂四期2×100万千瓦超超临界燃煤发电机组工程7号锅炉水压试验一次成功 近日，由中国能建中电工程华东院总承包的淮南平圩电厂四期2×100万千瓦超超临界燃煤发电机组工程传来捷报，7号锅炉水压试验一次成功，这标志着7号锅炉设备的主体安装工作已全面结束。 点击查看项目详情 中标甘肃-浙江±800千伏特高压直流输电工程越州±800千伏换流站电气安装（B包） 近日，上海送变电工程有限公司在±800千伏东平换流站成功送电后，接续中标国家"十四五"电力发展规划重点项目——甘肃-浙江±800千伏特高压直流输电工程越州±800千伏换流站电气安装（B ...

证券代码：600021 证券简称：上海电力 公告编号：2025-093 上海电力股份有限公司 关于首期股票期权激励计划 2025 年第三季度 自主行权结果暨股份变动的公告 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、准确性和完整性依法承担法律责任。 重要内容提示： 本次行权数量 上海电力股份有限公司（以下简称"公司"）首期股票期权激励计划（以下 简称"本激励计划"）首次授予部分股票期权第二个行权期可行权数量为 484.44 万份，实际可行权期为 2025 年 6 月 29 日-2026 年 5 月 29 日（行权日须为交易日）。 截至 2025 年 9 月 30 日，累计行权并完成股份过户登记数量为 444.18 万股，占 本期可行权数量的 91.69%。 本次行权股票上市流通时间： 2、2022 年 1 月 13 日，公司召开董事会 2022 年第一次临时会议，审议通过 了关于公司《首期股票期权激励计划（草案修订稿）》及其摘要的议案。公司独 立董事就激励计划有关事项发表了独立意见。同日，公司召开监事会 2022 年第 一次临时会议，审议通过了关于公司 ...

Market Overview - The Shanghai Composite Index rose by 1.32% on October 9, with 23 out of the 28 sectors experiencing gains. The top-performing sectors were non-ferrous metals and steel, with increases of 7.60% and 3.38% respectively. The utilities sector also saw a rise of 2.60%. Conversely, the media and real estate sectors faced declines of 1.43% and 1.39% respectively [1] Fund Flow Analysis - Throughout the day, the main funds in the two markets experienced a net outflow of 19.966 billion yuan. However, 12 sectors saw net inflows, with the non-ferrous metals sector leading with a net inflow of 5.361 billion yuan, followed by the construction and decoration sector, which had a daily increase of 2.17% and a net inflow of 1.868 billion yuan [1] Utilities Sector Performance - The utilities sector increased by 2.60% with a total net inflow of 1.349 billion yuan. Out of 131 stocks in this sector, 115 rose, including 2 that hit the daily limit, while 14 fell, with 1 hitting the lower limit. Notably, 69 stocks in this sector experienced net inflows, with 7 stocks seeing inflows exceeding 100 million yuan. Shanghai Electric led with a net inflow of 425 million yuan, followed by Yangtze Power and China Nuclear Power with inflows of 260 million yuan and 225 million yuan respectively [2] Utilities Sector Fund Inflow and Outflow - The top inflow stocks in the utilities sector included: - Shanghai Electric: +10.02%, 6.00% turnover, 425.25 million yuan inflow - Yangtze Power: +1.58%, 0.47% turnover, 260.23 million yuan inflow - China Nuclear Power: +4.59%, 1.63% turnover, 224.55 million yuan inflow [2] - The top outflow stocks in the utilities sector included: - Energy Saving Wind Power: +2.51%, 3.03% turnover, -108.28 million yuan outflow - Jilin Electric Power: +1.93%, 4.99% turnover, -69.70 million yuan outflow - Shenzhen Energy: +3.61%, 1.37% turnover, -65.39 million yuan outflow [4]