Group 1 - The meeting held by the State-owned Assets Supervision and Administration Commission (SASAC) focused on understanding the economic operation of state-owned enterprises and addressing challenges such as stabilizing electricity and coal prices, and preventing "involution" competition [1] - Six central enterprises, including China Huadian, China Mobile, AVIC Group, China State Construction, China Coal Group, and Poly Group, provided insights into their economic performance and industry trends, along with suggestions for improvement [1] - SASAC will enhance the regular communication mechanism for the economic operation of state-owned enterprises and actively coordinate to resolve practical issues raised by these enterprises [1] Group 2 - Emphasis was placed on maintaining stable operations, targeting the "one increase, one stability, and four enhancements" goal, optimizing operational strategies, and focusing on cost reduction and efficiency improvement [2] - Investment structure optimization is crucial, with a focus on strengthening the industrial chain, infrastructure construction, and energy resource security, while promoting digital and green upgrades [2] - There is a strong commitment to resisting "involution" competition, promoting differentiated development, and fostering a healthy and sustainable industry ecosystem [2] - Risk prevention measures will be strengthened, including the establishment of a regular risk monitoring and early warning system [2]

EF001 | 代扣所得稅信息 | | | | | --- | --- | --- | --- | | | 宣派之股息所適用之代扣所得稅（包括股東類型及適用的稅率）載列於下表。 此外，(1)因本公司屬於外商投資企業，本公司此次向於相關記錄日名列本公司H股股東 | | | | | 名冊之外籍個人股東派發二零二五年度中期股息時，將向H股外籍個人股東全額派發二零 | | | | | 二五年度中期股息; (2)本公司對通過港股通投資於香港聯交所上市的本公司股份的內地企 | | | | | 業投資者不代扣股息紅利所得稅款，應納稅款由企業自行申報繳納。 | | | | | 對於因股東身份未能及時確定或不準確確定而引致任何申索或對於代扣稅款機制之任何 | | | | | 爭議，本公司概不負責。 | | | | | 有關進一步詳情請見本公司於2025年9月25日發佈的公告中"派發中期股息"部分。 | | | | | 有關代預扣所得稅之更多補充 | | | | | 股東類型 （如適用） | 稅率 | | | | （非中國內地登記地址） | | | | | 非居民企業 | | 任何以非個人股東名義，包括以香 | | | | 10 ...

Core Points - The company has announced the issuance of short-term financing bonds, with a total principal amount not exceeding 80 billion RMB, to meet its funding needs [1] - The fourth and fifth phases of short-term financing bonds have been successfully issued, with amounts of 1.5 billion RMB each [2] Group 1: Short-term Financing Bonds - The fourth phase of short-term financing bonds has an issuance amount of 1.5 billion RMB, a term of 100 days, and a coupon rate of 1.60% [2] - The fifth phase of short-term financing bonds also has an issuance amount of 1.5 billion RMB, a term of 66 days, and a coupon rate of 1.63% [2] - The funds raised from both phases are intended for repaying maturing debts and supplementing working capital [2] Group 2: Shareholder Meeting - The company held its second extraordinary general meeting on September 25, 2025, with no resolutions being rejected [4][5] - The meeting was chaired by the company's chairman, Liu Lei, and complied with relevant laws and regulations [6][8] - Key resolutions included the election of directors and the approval of the 2025 mid-term cash dividend plan [7] Group 3: Board Meeting Resolutions - The company's 27th board meeting was held on September 25, 2025, where several key appointments were approved [10] - Li Quancheng was elected as the vice chairman of the board, and Huang Kemen was appointed as a member of the audit committee [11][12] - The meeting's resolutions were passed unanimously with no votes against or abstentions [11][12][14]

Investment Rating - The report maintains a "Buy" rating for Huadian International (600027) [1] Core Views - The company's performance in Q2 2025 shows a year-on-year increase of 24% in net profit, driven by improvements in coal power performance and growth in investment income [1][4] - For H1 2025, the company reported a revenue of 599.5 billion yuan, a decrease of 9% year-on-year, while net profit attributable to shareholders increased by 13% to 39 billion yuan [4][6] - The report anticipates further improvement in coal power performance in the second half of 2025, leading to an adjusted revenue forecast of 1071 billion yuan for 2025 [4][7] Financial Performance Summary - In Q2 2025, the company achieved a revenue of 333.8 billion yuan, down 4.4% year-on-year, but net profit rose by 24.3% to 19.7 billion yuan [4] - The decline in revenue is attributed to a 6.5% decrease in power generation and a 1.4% drop in on-grid electricity prices [4] - Investment income for H1 2025 was 24.8 billion yuan, an increase of 11.8% year-on-year, with significant contributions from non-electric joint ventures [4][6] Earnings Forecast - The report projects revenues of 1071 billion yuan, 1041 billion yuan, and 1045 billion yuan for 2025, 2026, and 2027 respectively, with net profits of 71.2 billion yuan, 73.6 billion yuan, and 73.9 billion yuan [4][7] - The corresponding price-to-earnings (PE) ratios are expected to be 8 for the years 2025 to 2027 [4][7]

Core Viewpoint - Huadian International has completed the issuance of its 2025 fourth and fifth phases of ultra-short-term financing bonds, indicating the company's ongoing efforts to secure funding for its operations and projects [2] Group 1 - The company announced the completion of the issuance of ultra-short-term financing bonds [2] - The bonds are part of the company's financing strategy for the year 2025 [2] - This issuance reflects the company's approach to managing its financial resources effectively [2]

（原标题：华电国际电力股份(01071)：李泉城获选举为执行董事 黄克孟获选举为独立非执行董事） 智通财经APP讯，华电国际电力股份(01071)发布公告，李泉城先生获选举为执行董事，黄克孟先生获选举为独立非执行董事。 ...

EF001 立非執行董事）、沈翎（獨立非執行董事）、黃克孟（獨立非執行董事）。 第 2 頁 共 2 頁 v 1.1.1 第 1 頁 共 2 頁 v 1.1.1 EF001 | 代扣所得稅信息 | | | | | --- | --- | --- | --- | | | 宣派之股息所適用之代扣所得稅（包括股東類型及適用的稅率）載列於下表。 此外，(1)因本公司屬於外商投資企業，本公司此次向於相關記錄日名列本公司H股股東 | | | | | 名冊之外籍個人股東派發二零二五年度中期股息時，將向H股外籍個人股東全額派發二零 | | | | | 二五年度中期股息; (2)本公司對通過港股通投資於香港聯交所上市的本公司股份的內地企 | | | | | 業投資者不代扣股息紅利所得稅款，應納稅款由企業自行申報繳納。 | | | | | 對於因股東身份未能及時確定或不準確確定而引致任何申索或對於代扣稅款機制之任何 | | | | | 爭議，本公司概不負責。 | | | | | 有關進一步詳情請見本公司於2025年9月25日發佈的公告中"派發中期股息"部分。 | | | | | 有關代預扣所得稅之更多補充 | | | | | 股東 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 華電國際電力股份有限公司 Huadian Power International Corporation Limited* （在中華人民共和國（「中國」）註冊成立之中外合資股份有限公司） （股份代碼：1071） 海外監管公告 本公告乃華電國際電力股份有限公司（「本公司」）根據《香港聯合交易所有限公司證券 上市規則》第 13.10B 條而作出。 茲載列本公司在上海證券交易所網站刊登之《第十屆董事會第二十七次會議決議公告》 《關於超短期融資券發行的公告》，僅供參閱。 承董事會命 華電國際電力股份有限公司 秦介海 董事會秘書 於本公告日期，本公司董事會由下列董事組成： 劉雷（董事長、執行董事）、李泉城（副董事長、執行董事）、朱鵬（副董事長、非執行 董事）、趙偉（非執行董事）、曾慶華（非執行董事）、曹敏（非執行董事）、王曉渤（非 執行董事）、李國明（執行董事）、豐鎮平（獨立非執行董事）、王躍生（獨立非執行董 事 ...

华电国际（600027）电力股份(01071)发布公告，李泉城先生获选举为执行董事，黄克孟先生获选举为 独立非执行董事。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或 完整性亦不發表任何聲明，幷明確表示，概不對因本公告全部或任何部份內容而産生或因倚賴該等 內容而引致的任何損失承擔任何責任。 華電國際電力股份有限公司 Huadian Power International Corporation Limited* （在中華人民共和國（「中國」）註冊成立之中外合資股份有限公司） （股份代碼：1071） 公告 董事名單及其角色和職能 華電國際電力股份有限公司（「本公司」）董事會（「董事會」）成員載列如下： 執行董事： 曾慶華 劉雷（董事長） 李泉城 李國明 非執行董事： 朱鵬 趙偉 曹敏 王曉渤 獨立非執行董事： 豐鎮平 王躍生 沈翎 黄克孟 1 董事會設立四個委員會。下表提供各董事會成員在這些委員會中所擔任的職位。 | | 審計委員會 | 薪酬與考核委員 | 戰略委員會 | 提名委員會 | | --- | --- | --- | --- | --- | | | | 會 | | | | 劉雷 | | | 主席 | | | 李泉城 | | | | 成員 | | 朱鵬 | | | 成員 | | | ...