股票代码：600116 股票简称：三峡水利 编号：临 2025-064 号 重庆三峡水利电力（集团）股份有限公司 第十届董事会第三十四次会议决议公告 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（以下简称"公司"）第十届董事 会第三十四次会议通知及会议材料以网络传输的方式于 2025 年 11 月 25 日发出。 2025 年 12 月 2 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）《关于修订<公司章程>的议案》； 根据《公司法》《上市公司章程指引》《上市公司治理准则》《上海证券交易 所股票上市规则》等相关法律、法规和规范性文件的最新规定，为切实维护公司 股东、职工及债权人的合法权益，规范 ...

三峡水利 中新网宜昌11月25日电 (吕伦蛟)据中国能建葛洲坝一公司25日消息，三峡水利智慧展示馆项目主体结构 当日完成封顶，为后续展陈布设和智慧化系统安装奠定了坚实基础。 三峡水利智慧展示馆选址于湖北省宜昌市夷陵区太平溪镇，紧邻三峡大坝旅游区，总建筑面积近2万平 方米，主要建设内容包括综合展示馆主体、室内展陈工程及配套智能建筑弱电系统与室外附属工程。 智慧展示馆紧邻三峡大坝旅游区。吕伦蛟 摄 该展示馆引入前沿虚拟技术，搭配高清投影、智能交互等声光电设备，从三峡水利历史文化的数字化复 刻，到现代水利水电前沿科技的沉浸式互动，全方位构建起"可看、可感、可参与"的体验场景，让游客 能够直观感受三峡工程的建设历史与水利科技的发展脉络。 作为展示长江生态文明建设成果的核心窗口，三峡水利智慧展示馆将与三峡大坝旅游区形成高效联动， 有效延伸三峡旅游产业链条，带动周边餐饮、住宿、文创等相关产业实现品质升级，为区域旅游经济高 质量发展注入动力。(完) ...

Group 1 - The core viewpoint of the article highlights the growth trend in the number of bidding projects in China's hydropower industry from 2020 to 2025, with a projected total of 2,291 projects in 2024 and 2,640 projects in the first nine months of 2025 [2][4] - The main entities involved in bidding projects in the hydropower sector are other general enterprises and state-owned enterprises, with 6,464 projects (49%) attributed to general enterprises and 5,576 projects (42%) to state-owned enterprises as of September 2025 [4] - Yunnan Province is identified as the second-largest hydropower resource province in China, with a total hydropower resource capacity of 104 million kW and a potential installed capacity of 97.95 million kW, accounting for approximately 25% of the national total [7] Group 2 - The total water resources in Yunnan Province have shown fluctuations from 2017 to 2024, with a total of 176.039 billion cubic meters reported in 2024, reflecting a year-on-year increase of 17.2% [8] - As of the end of 2024, Yunnan Province's total installed capacity reached 15.188 million kW, with hydropower accounting for 8.36 million kW, representing 55% of the total capacity [11] - The hydropower generation figures for major companies in Yunnan include 6.698 billion kWh from Guotou Power and 6.173 billion kWh from Datang Power [11]

股票代码：600116 股票简称：三峡水利 编号：临 2025-063 号 重要内容提示： 重庆三峡水利电力（集团）股份有限公司 关于 2025 年度担保计划的进展公告 在重庆三峡水利电力（集团）股份有限公司（以下简称"公司"）2025 年度担保计划内，2025 年 10 月无新增担保。 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。 除上述 2025 年度担保计划外，根据公司 2024 年第一次临时股东大会审 议通过的《关于为重庆市科尔科克新材料有限公司提供担保的议案》，公司下 属全资子公司重庆涪陵聚龙电力有限公司（以下简称"聚龙电力"）于 2025 年 10 月为其持股 31.5%的参股公司重庆市科尔科克新材料有限公司（以下简称"科 尔科克公司"）按持股比例提供担保 1,134 万元。该担保事项不属于关联担保， 由科尔科克公司用其在建工程及土地使用权为聚龙电力的保证担保提供反担 保。 截至 2025 年 10 月 31 日，公司及子公司累计担保余额为 117,665.13 万 元，公司及子公司担保总额为 318,209.1 ...

股票代码：600116 股票简称：三峡水利 编号：临 2025-062 号 重庆三峡水利电力（集团）股份有限公司 关于 2024 年度第一期中期票据付息安排的公告 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。 为保证重庆三峡水利电力(集团)股份有限公司（以下简称"公司"）2024 年度第一期中期票据付息工作的顺利进行，现将有关事宜公告如下。 一、本期债券基本情况 1.发行人：重庆三峡水利电力(集团)股份有限公司 2.债券名称：重庆三峡水利电力(集团)股份有限公司 2024 年度第一期中期 票据 3.债券简称：24 三峡水利 MTN001 4.债券代码：102484930.IB 12.利息支付日：2025 年 11 月 15 日（如遇法定节假日，则顺延至下一个工 作日） 13.本期应偿付利息金额：人民币 2,350 万元 14.主承销商：中国民生银行股份有限公司、中信建投证券股份有限公司、 招商银行股份有限公司、国泰君安证券股份有限公司 15.存续期管理机构：中国民生银行股份有限公司 5.发行金额：人民币 10 亿元 6.起息 ...

（原标题：三峡水利(600116.SH)：目前还没有为大型算力中心提供绿电的情况） 格隆汇10月31日丨三峡水利(600116.SH)在互动平台表示，公司目前还没有为大型算力中心提供绿电的 情况。 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Insights - The improvement in water conditions has alleviated performance pressure, with the comprehensive energy business outlining a long-term blueprint. The significant enhancement in hydropower generation due to improved water conditions in the southwestern region of China has led to a decrease in average power supply costs and an increase in profits. The company's net profit attributable to shareholders increased by 96.26% year-on-year in the third quarter [2][6]. Summary by Sections Financial Performance - In Q3 2025, the company achieved operating revenue of 2.714 billion yuan, a year-on-year decrease of 5.99%. The net profit attributable to shareholders was 303 million yuan, a year-on-year increase of 96.26%. For the first three quarters, the operating revenue was 7.611 billion yuan, down 6.06% year-on-year, with a net profit of 351 million yuan, down 8.53% year-on-year [6]. Hydropower Business - The changes in watershed water conditions significantly impact the proportion of self-generated low-cost electricity and high-cost purchased electricity, affecting the profitability of the sales business. The hydropower generation volume decreased by 5.98% year-on-year in the first three quarters, but the decline narrowed significantly from a 23.04% decrease in the first half of the year. The third quarter saw a year-on-year increase of 27.50% in generation volume [12]. Shareholder Returns - The company has implemented a shareholder return plan and a quality improvement and efficiency enhancement action plan. It plans to distribute dividends of 95 million yuan based on the profit situation for the first three quarters, which accounts for 27% of the net profit attributable to shareholders for the same period. The company has maintained a dividend payout ratio of over 50% from 2022 to 2024 [12]. Comprehensive Energy Services - The company is expanding its comprehensive energy services, with significant progress in various projects, including distributed photovoltaic and wind power projects. The completion of several projects is expected to be a crucial source of future growth, maintaining the company's growth attributes [12]. Earnings Forecast - The earnings per share (EPS) for 2025-2027 are projected to be 0.19 yuan, 0.28 yuan, and 0.34 yuan, respectively, with corresponding price-to-earnings (PE) ratios of 34.83 times, 23.94 times, and 19.74 times. The "Buy" rating is maintained based on these forecasts [12].

Core Insights - The company reported a revenue of 7.611 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 6.06% [1] - The net profit attributable to shareholders was 351 million yuan, down 8.53% year-on-year [1] - The net profit excluding non-recurring items was 320 million yuan, reflecting a decrease of 7.87% compared to the previous year [1] - The basic earnings per share stood at 0.18 yuan [1]

Group 1 - Jinpan Technology reported a net profit of 486 million yuan for the first three quarters, a year-on-year increase of 20.27%, with total revenue of 5.194 billion yuan, up 8.25% [1] - Saisir announced the maximum price for its H-share issuance at 131.5 HKD per share, with the public offering starting on the same day and expected to end on October 31 [1] - Jinghua Laser plans to invest approximately 200 million yuan in a new project to produce 20,000 tons of UV laser platinum embossed anti-counterfeiting materials [2] Group 2 - Zhenyu Technology intends to invest 2.11 billion yuan in a project for robots and precision structural components, to be developed in three phases from 2025 to 2030 [3] - Qianyuan Power reported a net profit of 493 million yuan for the first three quarters, a year-on-year increase of 85.74%, with total revenue of 2.169 billion yuan, up 47.99% [4] - Haohua Energy's net profit decreased by 50.5% to 554 million yuan, with total revenue of 6.307 billion yuan, down 7.85% [7] Group 3 - Kangtai Biological's net profit fell by 86% to 49.16 million yuan, with total revenue of 2.063 billion yuan, up 2.24% [8] - Huafeng Aluminum reported a net profit of 896 million yuan for the first three quarters, a year-on-year increase of 3.24%, with total revenue of 9.109 billion yuan, up 18.63% [10] - Beiyuan Group's net profit decreased by 10.88% to 214 million yuan, with total revenue of 6.762 billion yuan, down 9.91% [12] Group 4 - Noying Co. reported a net profit of 450 million yuan for the first three quarters, a year-on-year decrease of 22.95%, with total revenue of 31.562 billion yuan, up 2.01% [14] - Chuanhua Zhili's net profit increased by 168.36% to 637 million yuan, despite a revenue decline of 2.74% to 18.84 billion yuan [16] - Jiangsu Sop's net profit decreased by 39.21% to 126 million yuan, with total revenue of 4.661 billion yuan, down 5.74% [18] Group 5 - Yiling Pharmaceutical's net profit increased by 80.33% to 1 billion yuan, with total revenue of 5.868 billion yuan, down 7.82% [20] - Hengwei Technology's net profit decreased by 50.16% to 39.01 million yuan, with total revenue of 739 million yuan, up 16.14% [22] - Gaode Infrared reported a net profit increase of 1058.95% to 582 million yuan, with total revenue of 3.068 billion yuan, up 69.27% [24] Group 6 - Sanxia Water reported a net profit decrease of 8.53% to 351 million yuan, with total revenue of 7.611 billion yuan, down 6.06% [26] - Junda Co. reported a net loss of 419 million yuan for the first three quarters, with total revenue of 5.682 billion yuan, down 30.72% [28] - Shanghai Energy's net profit decreased by 59.22% to 255 million yuan, with total revenue of 5.64 billion yuan, down 22.03% [30] Group 7 - Haizheng Biomaterials reported a net profit decrease of 85.34% to 490,570 yuan, with total revenue of 621 million yuan, down 5.74% [32] - Huisheng Lithium reported a net loss of 103 million yuan, with total revenue of 539 million yuan, up 62.29% [34] - Weicet Technology's net profit increased by 226.41% to 202 million yuan, with total revenue of 1.083 billion yuan, up 46.22% [36] Group 8 - Mengjie Co. reported a net profit increase of 28.69% to 26.52 million yuan, with total revenue of 1.099 billion yuan, down 7.97% [38] - Qingdao Beer terminated its acquisition of 100% equity in Jimo Yellow Wine due to unmet conditions [40] - Sifang Precision plans to issue H-shares and list on the Hong Kong Stock Exchange [42]

Core Viewpoint - The company reported a decline in both revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 7.611 billion yuan, representing a year-on-year decrease of 6.06% [1] - The net profit attributable to shareholders of the parent company was 351 million yuan, down 8.53% year-on-year [1] - The basic earnings per share stood at 0.18 yuan [1] Dividend Announcement - The company plans to distribute a cash dividend of 0.5 yuan (including tax) for every 10 shares to all shareholders [1]