Investment Rating - The investment rating for the utility sector is "Positive" [2] Core Insights - The report highlights the recent issuance of guidelines by the National Development and Reform Commission and the National Energy Administration aimed at establishing a unified national electricity market by 2030, with a target of 70% market-based trading by that year [5] - The European natural gas inventory has dropped to a low level due to extreme cold and supply disruptions, with the average daily net withdrawal in January 2025 reaching a five-year high [5] - The report suggests that the electricity sector is expected to see profit improvement and value reassessment following several rounds of supply-demand tensions [5] Summary by Sections Market Performance - As of February 13, the utility sector declined by 1.2%, underperforming the broader market, with the electricity sector down by 1.13% and the gas sector down by 2.27% [4][12] - The top-performing companies in the electricity sector included Zhongmin Energy and Huaneng International, while Nanshan Energy and Guikang Power saw significant declines [16] Electricity Industry Data Tracking - The price of thermal coal at Qinhuangdao Port increased by 19 CNY/ton week-on-week, reaching 712 CNY/ton as of February 13 [4][21] - Coal inventory at Qinhuangdao Port decreased to 5.45 million tons, down by 180,000 tons week-on-week [28] - Daily coal consumption in inland provinces was 3.148 million tons, down by 609,000 tons/day, with a usable days increase to 28.38 days [30] Natural Gas Industry Data Tracking - The LNG ex-factory price index in Shanghai was 3,759 CNY/ton, down 15.03% year-on-year and 5.20% week-on-week [56] - The EU natural gas supply for week 5 of 2026 was 6.19 billion cubic meters, up 13.4% year-on-year [62] - The average daily consumption of natural gas in the EU was estimated at 11.33 billion cubic meters, up 26.0% year-on-year [5] Key Industry News - The report discusses the establishment of a national electricity market system with specific reform tasks outlined for achieving a fully market-based electricity resource allocation by 2035 [5] - The report notes that the European natural gas inventory has fallen to 50.36%, significantly below the average levels of previous years, raising concerns about potential shortages [5] Investment Recommendations - For the electricity sector, the report recommends focusing on leading coal power companies such as Guodian Power and Huaneng International, as well as regional leaders in tight supply areas [5] - In the natural gas sector, companies with low-cost long-term gas sources and receiving station assets are expected to benefit from market conditions [5]

程金华辞去浙江浙能电力股份有限公司（以下简称"浙能电力"）独立董事等职务。 2月14日，浙能电力发布公告称，公司近日收到公司独立董事程金华的书面辞职报告， 程金华因连续担任公司独立董事即将满六年，申 请辞去公司独立董事、董事会审计与风险委员会委员、薪酬与考核委员会召集人职务 。 来源：上海证券交易所网站 End 欢迎分享给你的朋友！ 出品 | 中国能源报（c ne ne rgy） 责编丨李慧颖 | 姓名 | 高任职务 | 高任时间 | 第五届董事会 任期到期日 | 高任原因 | 是否继续在公 司及其控股子 | 具体 职务 | 是否存在 未履行完 单的公开 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | 公司任职 | | 承诺 | | | 独立董事、审 | | | | | | | | | 计与风险委员 | 公司股东会选举 | | 连续担任公 | | | | | 程令华 | 会委员、薪酬 | 产生新任独立董 | 2027年8月19日 | 司独立董事 | 否 | | 杏 | | | 与考核委员会 | 事后 | | 即将满六年 | | | ...

Group 1 - The fifth meeting of the fifth board of Zhejiang Zheneng Electric Power Co., Ltd. was held legally and effectively [2][3][4] - The meeting was conducted via communication on February 13, 2026 [3] - All 7 board members were present at the meeting [4] Group 2 - The board approved the proposal to recommend Meng Qiang as a candidate for the board of directors, which will be submitted to the shareholders' meeting [5][6] - The voting result for this proposal was unanimous with 7 votes in favor [7] - This proposal requires submission to the shareholders' meeting for approval [8] Group 3 - The board approved the proposal to recommend Zhang Zhanjiang as an independent director candidate, with his qualifications reviewed and approved by the Shanghai Stock Exchange [9][10] - The voting result for this proposal was also unanimous with 7 votes in favor [10] - This proposal also requires submission to the shareholders' meeting for approval [11] Group 4 - The board agreed to hold the first temporary shareholders' meeting of 2026, with details to be announced later [12] - The voting result for this proposal was unanimous with 7 votes in favor [13] Group 5 - Independent director Cheng Jinhua submitted a resignation report due to reaching the six-year term limit [17] - Cheng Jinhua's resignation will result in the number of independent directors falling below one-third of the board members, and the resignation will take effect after a new independent director is elected [18]

Core Viewpoint - Zhejiang Zheneng Power Co., Ltd. increased its shareholding in Zhonglai Co., Ltd. through centralized bidding, resulting in a change in the shareholder structure and the termination of the concerted action relationship with certain individuals and entities [1] Group 1 - Zhejiang Zheneng Power Co., Ltd. acquired an additional 520,000 shares, raising its total holdings from 105,745,704 shares to 106,265,704 shares [1] - The percentage of total share capital held by Zhejiang Zheneng Power increased from 9.70% to 9.75% following this transaction [1] - The concerted action relationship with Lin Jianwei, Zhang Yuzheng, and Suzhou Pule Investment Management Co., Ltd. has been dissolved as of February 13, 2026, when the voting rights delegation expires [1]

Group 1 - The core point of the article is that Zhejiang Zheneng Power Co., Ltd. has increased its shareholding in Zhonglai Co., Ltd. by 520,000 shares, raising its total shareholding from 105,745,704 shares to 106,265,704 shares, which corresponds to an increase in ownership percentage from 9.70% to 9.75% of the total share capital [1] - The change in shareholding has been completed, and Zhejiang Zheneng Power remains the largest shareholder of Zhonglai Co., Ltd. [1] - The agreement of concerted action with Lin Jianwei, Zhang Yuzheng, and Suzhou Pule Investment Management Co., Ltd. has been terminated due to the expiration of voting rights entrusted on February 13, 2026 [1]

Core Viewpoint - Zhejiang Energy Power (600023.SH) announced the resignation of independent director Cheng Jinhua, who is stepping down after nearly six years in the role [1] Group 1 - The company received a written resignation report from independent director Cheng Jinhua [1] - Cheng Jinhua is resigning from his positions as independent director, member of the Board Audit and Risk Committee, and chairman of the Compensation and Assessment Committee [1]

浙江浙能电力股份有限公司 关于独立董事候选人任职资格的审查意见 根据《中华人民共和国公司法》(以下简称"《公司法》")《上市 公司独立董事管理办法》等法律法规及《浙江浙能电力股份有限公司 章程》等有关规定,浙江浙能电力股份有限公司第五届董事会独立董 事专门会议对独立董事候选人的任职资格进行了审核,发表审查意见 如下： 经审阅公司第五届董事会独立董事候选人张占江的个人履 历等 相关资料,其与公司控股股东、实际控制人、持有公司 5%以上股份 的股东及其他董事、高级管理人员之间不存在关联关系,不存在《公 司法》等法律法规及《公司章程》规定的不得担任上市公司独立董事 的情形,不存在被中国证监会确定为市场禁入者且尚在禁入期的情形, 也不存在被证券交易所公开认定不适合担任上市公司董事的情形,未 受过中国证监会、证券交易所及其他有关部门处罚和惩戒,不存在其 他违法违规情况,均符合有关法律、行政法规、部门规章、规范性文 件等关于独立董事的任职资格和要求。此外,独立董事候选人的教育 背景、专业水平、工作经历均能够胜任独立董事的职责要求。 因此,我们同意提名张占江为公司第五届董事会独立董事候选人, 并同意将该事项提交公司董事会审 ...

（一）《中华人民共和国公司法》关于董事任职资格的规定； （二）《中华人民共和国公务员法》关于公务员兼任职务的 规定（如适用）； （三）中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定； （四）中共中央纪委、中共中央组织部《关于规范中管干部 辞去公职或者退（离）休后担任上市公司、基金管理公司独立董 事、独立监事的通知》的规定（如适用）； 独立董事候选人声明与承诺 本人张占江，已充分了解并同意由提名人浙江省能源集团有 限公司提名为浙江浙能电力股份有限公司第五届董事会独立董 事候选人。本人公开声明，本人具备独立董事任职资格，保证不 存在任何影响本人担任浙江浙能电力股份有限公司独立董事独 立性的关系，具体声明并承诺如下： 一、本人具备上市公司运作的基本知识，熟悉相关法律、行 政法规、部门规章及其他规范性文件，具有 5 年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训 证明材料。 二、本人任职资格符合下列法律、行政法规和部门规章以及 公司规章的要求： （一）在上市公司或 ...

二、被提名人任职资格符合下列法律、行政法规和部门规章 的要求: (一)《中华人民共和国公司法》关于董事任职资格的规定; (二)《中华人民共和国公务员法》关于公务员兼任职务的 规定(如适用); 独立 语品名人声明与承诺 提名人浙江省能源集团有限公司,现提名张占江为浙江浙能 电力股份有限公司第五届董事会独立董事候选人,并已充分了解 被提名人职业、学历、职称、详细的工作经历、全部兼职、有无 重大失信等不良记录等情况。被提名人已同意出任浙江浙能电力 股份有限公司第五届董事会独立董事候选人(参见该独立董事候 选人声明)。提名人认为,被提名人具备独立董事任职资格,与 浙江浙能电力股份有限公司之间不存在任何影响其独立性的关 系,具体声明并承诺如下: 一、被提名人具备上市公司运作的基本知识,熟悉相关法律、 行政法规、规章及其他规范性文件,具有5年以上法律、经济、 会计、财务、管理或者其他履行独立董事职责所必需的工作经验。 被提名人已经参加培训并取得证券交易所认可的相关培训 证明材料。 (三)中国证监会《上市公司独立董事管理办法》、上海证 券交易所自律监管规则以及公司章程有关独立董事任职资格和 条件的相关规定; (四)中共中央 ...

证券代码：600023 证券简称：浙能电力 公告编号：2026-005 浙江浙能电力股份有限公司 关于独立董事离任的公告 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。 程金华辞职将导致公司独立董事人数少于董事会成员人数的三分之一，根据 《上市公司独立董事管理办法》《上海证券交易所股票上市规则》等相关规定， 程金华的辞职报告将在公司股东会选举产生新任独立董事后生效。在此之前，程 金华仍将继续履行独立董事及其在董事会各专门委员会中的相关职责。 特此公告。 浙江浙能电力股份有限公司董事会 2026 年 2 月 14 日 一、董事离任情况 浙江浙能电力股份有限公司（以下简称"公司"）近日收到公司独立董事程 金华的书面辞职报告，程金华因连续担任公司独立董事即将满六年，申请辞去公 司独立董事、董事会审计与风险委员会委员、薪酬与考核委员会召集人职务。 | 姓名 | 离任职务 | 离任时间 | 第五届董事会 | 离任原因 | 是否继续在公 司及其控股子 | 具体 | 是否存在 未履行完 | | --- | --- | --- | --- | ...