Core Viewpoint - The company has approved a plan to issue 3 billion yuan in REITs backed by its power energy infrastructure assets, with the issuance to be registered on the Shanghai Stock Exchange [1][2]. Group 1 - The company’s board has confirmed that the announcement contains no false records, misleading statements, or significant omissions, and they bear legal responsibility for its authenticity, accuracy, and completeness [1]. - The company plans to issue the REITs in multiple phases, with a total issuance amount not exceeding 3 billion yuan for non-renewable asset-backed securities, and a total balance of 0 yuan for renewable asset-backed securities [2]. - The first issuance must be completed within 12 months from the date of the "No Objection Letter" issued by the Shanghai Stock Exchange [2]. Group 2 - The "No Objection Letter" is valid for 24 months from its issuance date, and the management must complete the issuance within this period according to the relevant documents submitted to the Shanghai Stock Exchange [2]. - The management is required to report any significant events that may affect the listing conditions, investment value, or decision-making regarding the asset-backed securities before each issuance [2]. - After each issuance, the management must promptly handle the listing procedures in accordance with the regulations of the Shanghai Stock Exchange [2].

三、自《无异议函》出具之日起至每期资产支持证券挂牌转让前，如发生可能影响当期资产支持证券挂 牌条件、投资价值、投资决策判断等重大事项或拟变更计划说明书相关内容，管理人应当及时向上海证 券交易所报告。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：安东 格隆汇12月17日丨特变电工(600089.SH)公布，近日，公司控股公司收到国信证券资产管理有限公司、 中信建投证券股份有限公司（以下统称"管理人"）转发的上海证券交易所《关于对特变电工-电力能源 基础设施投资1-5期资产支持专项计划资产支持证券挂牌转让无异议的函》(上证函[2025]4137号)（以下 简称"《无异议函》"）。现将相关事项公告如下: 一、特变电工-电力能源基础设施投资1-5期资产支持专项计划资产支持证券（以下简称"特变电工类 REITs"）符合上海证券交易所的挂牌转让条件，上海证券交易所对其挂牌转让无异议。 二、特变电工类REITs采取分期发行方式，其中，非续发型资产支持证券发行总额不超过30亿元，可续 发型资产支持证券各期存量余额合计0亿元。首期发行应当自《无异议函》出具之日起12个月内完成。 《无异议函》自出具之日起24个月内有 ...

特变电工股份有限公司 一、特变电工-电力能源基础设施投资 1-5 期资产支持专项计划资产支持证 券（以下简称"特变电工类 REITs"）符合上海证券交易所的挂牌转让条件，上 海证券交易所对其挂牌转让无异议。 二、特变电工类 REITs 采取分期发行方式，其中，非续发型资产支持证券发 行总额不超过 30 亿元，可续发型资产支持证券各期存量余额合计 0 亿元。首期 发行应当自《无异议函》出具之日起 12 个月内完成。《无异议函》自出具之日 起 24 个月内有效，管理人应在《无异议函》有效期内按照报送上海证券交易所 的相关文件完成发行。 三、自《无异议函》出具之日起至每期资产支持证券挂牌转让前，如发生可 能影响当期资产支持证券挂牌条件、投资价值、投资决策判断等重大事项或拟变 更计划说明书相关内容，管理人应当及时向上海证券交易所报告。 证券代码：600089 证券简称：特变电工 公告编号：临 2025-088 特变电工股份有限公司 收到资产支持证券挂牌转让无异议函的公告 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。 2025 年 1 ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 600089 | 特变电工 | -5.37 | 4.59 | -72347.84 | | 601012 | 隆基绿能 | -3.00 | 1.76 | -32928.26 | | 300118 | 东方日升 | -11.44 | 18.92 | -29778.61 | | 002407 | 多氟多 | -3.73 | 9.78 | -26392.20 | | 605358 | 立昂微 | -3.86 | 5.58 | -19346.91 | | 601700 | 风范股份 | -8.28 | 14.82 | -10332.20 | | 300724 | 捷佳伟创 | -2.97 | 3.93 | -9973.75 | | 601908 | 京运通 | -4.44 | 6.52 | -7576.08 | | 002083 | 孚日股份 | -5.22 | 14.22 | -6409.01 | | 300821 | 东岳硅材 | -5.39 | 3.43 ...

（原标题：131.01亿元资金今日流出电力设备股） 电力设备行业资金流出榜 | 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 300274 | 阳光电源 | -3.66 | 4.50 | -186891.30 | | 600151 | 航天机电 | 1.42 | 26.03 | -100718.96 | | 600089 | 特变电工 | -5.37 | 4.59 | -72347.84 | | 600577 | 精达股份 | -10.00 | 8.46 | -41985.28 | | 300750 | 宁德时代 | -1.84 | 0.45 | -37463.29 | | 601012 | 隆基绿能 | -3.00 | 1.76 | -32928.26 | | 002471 | 中超控股 | 5.65 | 50.28 | -32928.25 | | --- | --- | --- | --- | --- | | 300118 | 东方日升 | -11.44 | 18.92 | -29778.61 ...

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 近日，特变电工股份有限公司发布公告称，公司将于2025年12月29日召开2025年第六次临时股东大会， 会议采取现场与网络投票相结合方式，网络投票通过上海证券交易所系统进行。股权登记日为2025年12 月22日。本次会议将审议包括开展套期保值及远期外汇交易、2026年度日常关联交易、取消监事会、修 订公司章程及多项议事规则等七项议案。其中，修订公司章程为特别决议议案，关联股东需回避表决关 于2026年度日常关联交易的第二项议案。 截至2025年12月15日收盘，特变电工（600089）报收于23.27元，较前一交易日下跌2.27%，最新总市值 为1175.78亿元。该股当日开盘23.9元，最高24.29元，最低23.11元，成交额达71.37亿元，换手率为 5.97%。 最新公告列表 《特变电工股份有限公司章程》 《特变电工股份有限公司开展套期保值及远期外汇交易业务的公告》 《特变电工股份有限公司与新疆特变电工集团有限公司2026年度日常关联交易的公告》 《特变电工股份有限公司董事会战 ...

Market Overview - The Shanghai Composite Index fell by 0.55% on December 15, with 13 sectors rising, led by non-bank financials and retail, which increased by 1.59% and 1.49% respectively. The sectors that declined the most were electronics and communications, down by 2.42% and 1.89% respectively [2] Capital Flow Analysis - The main capital outflow from the two markets was 47.184 billion yuan, with 8 sectors experiencing net inflows. The defense and military industry had the largest net inflow of 2.287 billion yuan, rising by 0.83%, followed by the food and beverage sector, which saw a net inflow of 1.124 billion yuan and a daily increase of 0.67% [2] - A total of 23 sectors experienced net capital outflows, with the electronics sector leading with a net outflow of 16.331 billion yuan, followed by the power equipment sector with a net outflow of 5.919 billion yuan. Other sectors with significant outflows included non-ferrous metals, machinery, and communications [2] Power Equipment Sector Performance - The power equipment sector declined by 1.15%, with a total net capital outflow of 5.919 billion yuan. Out of 364 stocks in this sector, 132 rose, including 8 hitting the daily limit, while 227 fell, with 2 hitting the lower limit. There were 130 stocks with net capital inflows, with the highest inflow seen in Dongfang Risen, which had a net inflow of 529 million yuan [3] - The top stocks with net inflows in the power equipment sector included: - Dongfang Risen: +20.02%, 5.294 million yuan - Goldwind Technology: +3.06%, 2.986 million yuan - Defu Technology: +7.11%, 2.019 million yuan [4] Power Equipment Sector Capital Outflow - The stocks with the largest net capital outflows in the power equipment sector included: - Sunshine Power: -2.73%, -931.166 million yuan - TBEA: -2.27%, -697.270 million yuan - China Western Power: +5.73%, -450.990 million yuan [5]

Key Points - The main focus of the article is on the significant outflow of capital from the top 20 stocks as of December 15, with notable amounts being withdrawn from various companies [1] Group 1: Capital Outflow - The largest capital outflow was observed in Changying Precision, with a total of 1.266 billion yuan [1] - Luxshare Precision followed closely with an outflow of 1.114 billion yuan [1] - Aerospace Development experienced a capital outflow of 916 million yuan [1] Group 2: Other Notable Companies - Sunshine Power saw an outflow of 870 million yuan [1] - Industrial Fulian had a capital outflow of 751 million yuan [1] - Zhongke Shuguang experienced an outflow of 658 million yuan [1] Group 3: Additional Companies - Sanhua Intelligent Control had an outflow of 570 million yuan [1] - Shenghong Technology saw a capital outflow of 546 million yuan [1] - Huagong Technology experienced an outflow of 510 million yuan [1] Group 4: Further Capital Movements - ZTE Corporation had a capital outflow of 497 million yuan [1] - TBEA saw an outflow of 475 million yuan [1] - Heertai experienced a capital outflow of 472 million yuan [1] Group 5: Remaining Companies - Aerospace Power had an outflow of 460 million yuan [1] - Moer Thread-U saw a capital outflow of 451 million yuan [1] - Yongding Co. experienced an outflow of 442 million yuan [1] Group 6: Final Companies - Bona Film Group had a capital outflow of 437 million yuan [1] - Huayou Cobalt experienced an outflow of 415 million yuan [1] - Changxin Bochuang saw an outflow of 415 million yuan [1] - Cambridge Technology had a capital outflow of 413 million yuan [1] - Zijin Mining experienced an outflow of 390 million yuan [1]

Group 1: 恒隆地产 (Hang Lung Properties) - The company focuses on core business districts to create high-end commercial benchmarks, primarily engaged in property leasing, with property sales and hotels as supplementary businesses, operating in mainland China and Hong Kong [12][10] - Revenue for 2024 is projected at HKD 11.2 billion, with a year-on-year increase of 9%, and a CAGR of 5% from 2011 to 2024 [12] - The company has a stable financial position with a dividend payout ratio of 80%, and aims to restore cash dividends in the future [12] Group 2: 特变电工 (TBEA) - TBEA is recognized as a leading integrated enterprise in power transmission and transformation equipment and the energy industry, benefiting from the shift of coal resource development to the western regions of China [11][2] - Revenue is expected to grow from CNY 102.1 billion in 2025 to CNY 128.5 billion in 2027, with year-on-year growth rates of 4.3%, 11.1%, and 13.3% respectively [11] - The company is positioned to benefit from the tightening of coal supply policies and the rebound in coal prices, with a focus on meeting local coal transformation and transportation needs [11][15] Group 3: 米诺地尔产品 (Minoxidil Products) - The company holds a leading market share in the Minoxidil segment, with a robust growth trajectory in revenue and profit, projecting a revenue increase from CNY 982 million in 2022 to approximately CNY 1.455 billion in 2024 [18][14] - The market for consumer healthcare is expanding, driven by increased health awareness and policy support, with the hair health management market expected to grow at a CAGR of 17.7% from 2018 to 2024 [18][14] - The company has maintained a dominant position in the Minoxidil market, with a market share of approximately 70.6% in 2024 [18][14]

Core Viewpoint - The company is a leading manufacturer in the power transmission and transformation sector and a high-quality producer of thermal coal in Xinjiang, with a diversified business model that includes coal production, thermal power generation, polysilicon production, and renewable energy project construction and operation [1][2]. Group 1: Business Overview - The company has approximately 12 billion tons of coal reserves, primarily non-caking coal, with a current approved production capacity of 74 million tons per year, which is expected to increase to 164 million tons per year after regulatory approvals [1]. - The company has established an integrated coal-electricity-silicon layout and is involved in coal transportation and electricity export from Xinjiang, as well as a coal-to-natural gas project with a capacity of 2 billion Nm³/year, which will connect to the West-to-East Gas Pipeline upon completion [1]. Group 2: Market Dynamics - The recent "anti-involution" and capacity checks by the National Energy Administration have led to a rebound in coal prices from their lows, benefiting the company due to its low mining costs and proximity to high-energy-consuming enterprises [2]. - The company operates four thermal power plants, with the Jun Dong pit power station directly supplied by coal, significantly reducing generation costs and maintaining stable profitability [2]. Group 3: Financial Projections - Revenue projections for the company from 2025 to 2027 are estimated at 102.11 billion, 113.43 billion, and 128.48 billion yuan, with year-on-year growth rates of 4.3%, 11.1%, and 13.3% respectively [3]. - The expected net profit attributable to the parent company for the same period is projected to be 6.51 billion, 7.82 billion, and 9.22 billion yuan, with growth rates of 57.4%, 20.1%, and 18% respectively [3]. - The estimated earnings per share for 2025 to 2027 are 1.29, 1.55, and 1.83 yuan, corresponding to price-to-earnings ratios of 18X, 15X, and 13X [3].