Core Viewpoint - The company reported stable revenue but a significant decline in profit due to various operational challenges, while continuing to focus on strategic development in the energy sector [1] Financial Performance - For the first half of 2025, the company achieved operating revenue of 4.896 billion yuan, which is approximately flat year-on-year [1] - The total profit amounted to 112 million yuan, with a net profit attributable to shareholders of 47.93 million yuan [1] Strategic Focus - The company aims to become a leading comprehensive energy listed company based on power distribution and sales, optimizing the electricity business environment [1] - It completed a record high power distribution volume of 6.802 billion kilowatt-hours during the reporting period [1] Operational Challenges - The decline in operating performance was attributed to factors such as reduced water inflow in the river basins of its hydropower stations, decreased investment income from affiliated enterprises, and tax payments from previous years [1] Development Initiatives - The company is committed to developing large projects and focusing on major users, with investments exceeding 1.277 billion yuan in integrated energy projects [1] - It is also working on enhancing its power generation capacity through multi-energy complementarity [1]

Core Viewpoint - The report highlights a significant decline in the company's financial performance for the first half of 2025, with a notable drop in revenue and net profit compared to the same period in the previous year, primarily due to reduced hydropower generation and increased tax liabilities [2][3][4]. Company Overview and Financial Indicators - The company, Chongqing Three Gorges Water Conservancy and Electric Power Co., Ltd., reported a total revenue of approximately 4.90 billion yuan, a decrease of 6.10% year-on-year [2]. - The total profit for the period was about 112.11 million yuan, down 60.36% from the previous year [2]. - The net profit attributable to shareholders was approximately 47.93 million yuan, reflecting a 79.07% decline compared to the same period last year [2]. - The company's total assets increased by 0.66% to approximately 25.37 billion yuan, while net assets attributable to shareholders slightly decreased by 0.11% [2]. Business Operations - The company's main business remains focused on electricity production and supply, with a total installed capacity of approximately 2.207 million kilowatts, including 750,000 kilowatts from hydropower [5][8]. - The company is actively expanding its comprehensive energy services, focusing on distributed energy stations and energy management contracts [4][5]. - The report indicates that the company achieved a historical high in electricity sales volume, despite the overall decline in profit [9]. Industry Context - The energy sector is experiencing a shift towards low-carbon development, with a growing emphasis on clean energy sources such as hydropower, wind, and solar [7][14]. - The national energy policy is promoting the integration of energy systems and the development of new energy markets, which aligns with the company's strategic focus on comprehensive energy services [7][8]. - The overall economic environment remains stable, with a GDP growth of 5.3% in the first half of 2025, supporting the demand for electricity [6].

Core Viewpoint - The report highlights a significant decline in the company's financial performance for the first half of 2025, with a notable drop in revenue and net profit, attributed to various operational challenges and external factors affecting water supply and energy production [4][6][10]. Financial Performance - Total assets at the end of the reporting period amounted to 25.37 billion RMB, a 0.66% increase from the previous year [6]. - Operating revenue was 4.90 billion RMB, down 6.10% from 5.21 billion RMB in the same period last year [6]. - Total profit decreased by 60.36% to 112.11 million RMB, while net profit attributable to shareholders fell by 83.49% to 34.66 million RMB [6][10]. - The net cash flow from operating activities was not specified, but the weighted average return on equity was also impacted by the profit decline [6]. Operational Highlights - The company achieved a record high in electricity sales volume, reaching 68.02 billion kWh, despite facing challenges due to reduced water inflow in the river basins [9][10]. - The company has been focusing on enhancing its energy supply capabilities and optimizing its electricity sales environment [9]. - Significant investments were made in various energy projects, including thermal power and renewable energy initiatives, to diversify energy sources and improve operational efficiency [10][11]. Shareholder Structure - Major shareholders include China Yangtze Power Co., Ltd. with a 15.59% stake, and several other state-owned entities, indicating a strong government influence in the company's ownership [2][4]. Strategic Initiatives - The company is committed to developing integrated energy solutions and expanding its market presence in key regions, with ongoing projects in thermal, solar, and wind energy [10][11]. - Efforts are being made to enhance management efficiency and compliance, with a focus on strategic planning and operational governance [11][12].

股票代码：600116 股票简称：三峡水利 编号：临 2025-041 号 表决结果：同意 13 票，回避 0 票，反对 0 票，弃权 0 票。 重庆三峡水利电力（集团）股份有限公司 第十届董事会第三十一次会议决议公告 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、 董事会会议召开情况 重庆三峡水利电力（集团）股份有限公司第十届董事会第三十一次会议通知 及会议材料以网络传输的方式于 2025 年 8 月 8 日发出。2025 年 8 月 20 日，会 议在重庆市渝北区金开大道 99 号升伟晶石公元 11 栋 4 楼会议室以现场结合通讯 方式召开，应到董事 13 人，亲自出席会议董事 13 人，公司全体监事和高级管理 人员列席了会议。会议的召开符合《公司法》和《公司章程》等有关规定，会议 由董事长谢俊主持。 二、董事会会议审议情况 会议审议通过了以下事项： （一）《公司"提质增效重回报"专项行动方案 2025 年半年度执行情况评 估报告》（详见 2025 年 8 月 22 日上海证券交易所网站）； （二）《公司 2025 ...

（文章来源：每日经济新闻） 三峡水利（SH 600116，收盘价：6.8元）8月21日晚间发布半年度业绩报告称，2025年上半年营业收入 约48.96亿元，同比减少6.1%；归属于上市公司股东的净利润约4793万元，同比减少79.07%；基本每股 收益0.03元，同比减少75%。 ...

三峡水利（SH 600116，收盘价：6.8元）8月21日晚间发布公告称，公司第十届第三十一次董事会会议 于2025年8月20日在重庆市渝北区金开大道99号升伟晶石公元11栋4楼会议室以现场结合通讯方式召开。 会议审议了《公司"提质增效重回报"专项行动方案2025年半年度执行情况评估报告》等文件。 2024年1至12月份，三峡水利的营业收入构成为：电力行业占比67.39%，其他主营业务占比16.89%，综 合能源占比15.27%，其他业务占比0.45%。 （文章来源：每日经济新闻） ...

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the first half of 2025, primarily due to adverse water conditions affecting hydroelectric power generation and other operational challenges [1] Financial Performance - The company achieved operating revenue of 4.896 billion yuan, a year-on-year decrease of 6.1% [1] - The net profit attributable to shareholders was 47.9328 million yuan, down 79.07% year-on-year [1] - Basic earnings per share were reported at 0.03 yuan [1] Reasons for Performance Decline - The main reasons for the performance decline include: - Reduced hydroelectric power generation due to lower water inflow in the river basin [1] - Tax payments and penalties related to the 2021-2023 period for subsidiaries [1] - Decreased investment income from important equity investees due to their performance decline [1] - Reduced gains from asset disposals, including line relocations and substations [1] - Delayed receipt of rural power network loan repayment subsidy funds, leading to decreased other income [1]

格隆汇8月21日丨三峡水利(600116.SH)公布2025年半年度报告，报告期实现营业收入48.96亿元，同比下 降6.10%；归属于上市公司股东的净利润4793.28万元，同比下降79.07%；归属于上市公司股东的扣除非 经常性损益的净利润3465.9万元，同比下降83.49%；基本每股收益0.03元。 ...

股票代码：600116 股票简称：三峡水利 编号：临 2025-042 号 重庆三峡水利电力（集团）股份有限公司 关于"提质增效重回报"专项行动方案 2025 年半年度执行情况评估报告 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。 为深入贯彻落实党中央、国务院关于提高上市公司质量、保护投资者合法权 益的有关工作部署，积极响应上海证券交易所"提质增效重回报"专项行动倡议， 践行以"投资者为本"的上市公司发展理念，以实际行动切实提升公司发展质量、 增强投资者回报、提升投资者获得感，重庆三峡水利电力（集团）股份有限公司 （以下简称"公司"）结合公司战略发展规划和经营发展实际，编制并发布了 《"提质增效重回报"专项行动方案》，现将方案 2025 年半年度执行情况公告如 下： 一、聚焦主业创新发展，稳步提升规范运营质量 2025 年上半年，公司坚持以习近平新时代中国特色社会主义思想为指导， 全面贯彻落实党的二十大、二十届二中三中全会及中央经济工作会议精神，积极 践行国家能源转型发展战略，坚持依法合规经营，聚焦主责主业创新发展，补短 板 ...

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、董事会会议召开情况 重庆三峡水利电力（集团）股份有限公司第十届董事会第三十一次会议通知 及会议材料以网络传输的方式于 2025 年 8 月 8 日发出。2025 年 8 月 20 日，会 议在重庆市渝北区金开大道 99 号升伟晶石公元 11 栋 4 楼会议室以现场结合通讯 方式召开，应到董事 13 人，亲自出席会议董事 13 人，公司全体监事和高级管理 人员列席了会议。会议的召开符合《公司法》和《公司章程》等有关规定，会议 由董事长谢俊主持。 二、董事会会议审议情况 会议审议通过了以下事项： （一）《公司"提质增效重回报"专项行动方案 2025 年半年度执行情况评 估报告》（详见 2025 年 8 月 22 日上海证券交易所网站）； 股票代码：600116 股票简称：三峡水利 编号：临 2025-041 号 重庆三峡水利电力（集团）股份有限公司 第十届董事会第三十一次会议决议公告 表决结果：同意 13 票，回避 0 票，反对 0 票，弃权 0 票。 （二）《公司 2025 年 ...