2024 年第一次临时股东大会文件 广西桂冠电力股份有限公司 2024 年第一次临时股东大会 文 件 汇 编 二○二四年十一月十五日 南 宁 2024 年第一次临时股东大会文件 - 1 - 一、2024 年第一次临时股东大会会议议程 二、股东大会议案文件 文件之一 议案 1：关于选举公司第十届董事会董事（非独立董事）的议案 文件之二 公司 2024 年第一次临时股东大会会议决议（草案） 2024 年第一次临时股东大会文件 会议时间：2024 年 11 月 15 日（星期五）上午 10:00 会议地点：广西南宁市民族大道 126 号龙滩大厦 2601 会议室 出席人员：公司股东及股东代表、董事、监事、高级管理人 员、见证律师等 主持人：董事长赵大斌先生 记录人：吴育双先生 会议议程： 一、第一项议程 主持人宣布广西桂冠电力股份有限公司 2024 年第一次临时股 东大会开始，宣读本次股东大会现场会议股东到会情况。 二、第二项议程 宣读议案： 议案 1：关于选举公司第十届董事会董事（非独立董事）的议案 三、第三项议程 请股东或股东代理人发言或提问。 四、第四项议程 大会现场表决。 1.组织计票、监票小组。 - 2 ...

证券代码：600236 证券简称：桂冠电力 公告编号：2024-036 广西桂冠电力股份有限公司 2024 年半年度权益分派实施公告 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。 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2024/10/21 | － | 2024/10/22 | 2024/10/22 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司 2024 年 5 月 17 日的 2023 年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 重要内容提示： 每股分配比例 A 股每股现金红利 0.085 元 3. 分配方案： 本次利润分配以方案实施前的公司总股本 7,882,377,802 股为基数，每股派发现金红利 0 ...

Financial Performance Forecast - The company expects a net profit attributable to shareholders of approximately 21.14-22.14 billion yuan for the first three quarters of 2024, an increase of about 9.77-10.77 billion yuan compared to the same period last year, representing a year-on-year growth of approximately 85.94%-94.73%[2] - Estimated operating revenue for the first three quarters of 2024 is approximately 73.04-74.04 billion yuan, an increase of about 12.07-13.07 billion yuan compared to the same period last year, reflecting a year-on-year growth of approximately 19.79%-21.43%[4] - The estimated net profit attributable to shareholders after deducting non-recurring gains and losses is approximately 21.03-22.03 billion yuan, an increase of about 9.54-10.54 billion yuan compared to the same period last year, indicating a year-on-year growth of approximately 82.95%-91.65%[4] - The net profit for the same period last year was 11.37 billion yuan, and the net profit after deducting non-recurring gains and losses was 11.50 billion yuan[5] - The company's earnings per share for the first three quarters of 2024 is expected to be approximately 0.2596-0.2723 yuan per share, an increase of about 0.1231-0.1358 yuan per share compared to the same period last year, representing a year-on-year growth of approximately 90.22%-99.51%[2] Factors Influencing Performance - The increase in net profit for the first three quarters of 2024 is primarily attributed to increased water inflow, leading to a rise in power generation compared to the previous year[6] - The company’s key power plants located in the Hongshui River basin experienced increased water inflow, contributing to the growth in power generation[6] Performance Forecast Validity - The company has no significant uncertainties that could affect the accuracy of this performance forecast[7] - The above forecast data is preliminary and has not been audited by a registered accounting firm; the specific and accurate operating data will be disclosed in the official third-quarter report for 2024[7] Investment Awareness - The company emphasizes the importance of rational investment and awareness of investment risks, with all information disclosed through designated media[7]

股票代码：600236 股票简称：桂冠电力 编号:2024-035 1 | 板 | 块 | 2024 | 年前三季度发电量 | 2023 | 年前三季度发电量 | 同比 增减 | | --- | --- | --- | --- | --- | --- | --- | | | | | 亿千瓦时 | | 亿千瓦时 | % | | 光伏 | | | 7.95 | | 3.69 | 115.45 | | 合 | 计 | | 277.21 | | 218.62 | 26.80 | 特此公告。 广西桂冠电力股份有限公司 董事会 2024 年 10 月 11 日 2 广西桂冠电力股份有限公司 2024 年前三季度发电量完成情况公告 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个别及连带责任。 截至 2024 年 9 月 30 日，广西桂冠电力股份有限公司直属及控股 公司电厂累计完成发电量 277.21 亿千瓦时，同比增长 26.80%。其中： 水电 230.92 亿千瓦时，同比增长 38.41%；火电 22.72 亿千瓦时，同 比下降 34.32% ...

证券代码：600236 证券简称：桂冠电力 公告编号：2024-034 广西桂冠电力股份有限公司股东减持计划时间届满 暨减持股份结果公告 本公司董事会、全体董事及相关股东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。 重要内容提示： 大股东持股的基本情况 截至减持计划披露日 2024 年 6 月 14 日，广西桂冠电力股份有限公司（以下 简称"公司"）5%以上非第一大股东广西投资集团有限公司持有公司股份 1,758,250,835 股，占公司总股本的 22.3061%。上述股份为广西投资集团有限公 司在公司 IPO 之前投资、参与公司发行股份购买资产以及通过其他合法合规的方 式所取得。 截至本次减持计划实施前 2024 年 7 月 8 日，广西投资集团有限公司持有公 司股份 1,758,400,835 股（包含于 2024 年 6 月 18 日收回的转融通 150,000 股）， 占公司总股本的 22.3080%。 减持计划的实施结果情况 2024 年 6 月 14 日，公司披露了《关于持股 5%以上股东减持股份计划公告》 （公告编号：2024-0 ...

Investment Rating - The report maintains a "Buy" rating for the company [5] Core Views - The company reported significant improvements in hydropower performance and rapid growth in renewable energy [5] - The company achieved a revenue of 4.83 billion yuan in the first half of 2024, a year-on-year increase of 16.25%, and a net profit of 1.44 billion yuan, up 57.40% year-on-year [5] - The company plans to distribute a cash dividend of 0.85 yuan per 10 shares, amounting to 670 million yuan, which represents 46.61% of the net profit attributable to shareholders in the first half of 2024 [5] Summary by Sections Financial Performance - In the first half of 2024, the company generated a total electricity output of 175.79 billion kWh, a year-on-year increase of 19.48%, with hydropower output reaching 143.97 billion kWh, up 27.05% [5] - The gross profit from hydropower increased by 51.32% to 1.92 billion yuan, driven by improved water inflow and market conditions [5] - The company’s fire power generation decreased by 25.09% to 1.63 billion kWh due to favorable water conditions [5] Renewable Energy Growth - As of June 30, 2024, the company’s installed capacity for wind and solar power increased by 5.64 and 21.93 MW respectively, bringing the total to 848.1 MW and 883.8 MW [5] - The contribution of renewable energy to total generation capacity rose to 13.02%, with wind and solar power generation increasing by 14.87% and 97.75% respectively [5] Financial Structure and Cost Management - The company’s debt-to-asset ratio improved to 53.31%, a decrease of 2.05 percentage points from the end of 2023 [5] - The comprehensive financing cost rate fell to 2.6%, leading to a 3.46% reduction in financial expenses to 277 million yuan [5] Profit Forecast and Valuation - The company’s net profit forecasts for 2024, 2025, and 2026 are 3.045 billion yuan, 3.201 billion yuan, and 3.459 billion yuan respectively, with corresponding price-to-earnings ratios of 17, 17, and 15 [5]

证券研究报告 公用事业|电力 证券分析师 查浩 S1350524060004 zhahao@huayuanstock.com 刘晓宁 S1350523120003 liuxiaoning@huayuanstock.com 邹佩轩 S1350524070004 zoupeixuan01@huayuanstock.com 邓思平 S1350524070003 dengsiping@huayuanstock.com 市场表现： 2024 年 08 月 27 日 桂冠电力 (600236.SH) 买入（维持） ——来水改善提升业绩 继续实行年中分红 投资要点： ➢ 事件：公司发布 2024 年中报，上半年实现营业收入 48.3 亿元，同比增长 16.25%，实现归母 净利润 14.37 亿元，同比增长 57.4%，符合预期。 ➢ 二季度来水大幅改善，新能源发电量实现高增。受拉尼娜现象影响，红水河流域 2023 年降雨 持续偏少，公司 2023 年水电发电量同比减少 41.50%，为今年提供低基数，2024 年一季度 继续偏枯，水电发电量同比减少 7.38%。进入二季度后，我国南方地区降雨普遍改善，公司 上半年累计实现 ...

Financial Performance - The company achieved a net profit attributable to shareholders of CNY 1,437,452,961.85 for the first half of 2024, representing a 57.40% increase compared to the same period last year[4]. - Operating revenue for the first half of 2024 was CNY 4,830,153,508.10, up 16.25% from CNY 4,154,873,276.94 in the previous year[16]. - The net cash flow from operating activities was CNY 2,881,736,311.41, reflecting a 16.17% increase year-on-year[16]. - Basic earnings per share for the first half of 2024 were CNY 0.1769, a 59.51% increase from CNY 0.1109 in the same period last year[17]. - The company reported a net profit of approximately CNY 1.44 billion for the first half of 2024, with cumulative undistributed profits reaching CNY 5.76 billion by the end of June 2024[52]. - The total comprehensive income for the first half of 2024 is approximately CNY 1.64 billion, up from CNY 1.03 billion in the first half of 2023, reflecting a growth of 59.8%[124]. Asset and Liability Management - The company's total assets as of June 30, 2024, were CNY 48,446,060,455.47, a 2.47% increase from the end of the previous year[16]. - As of June 2024, the company's total assets were 48.446 billion yuan, with total liabilities of 25.828 billion yuan, resulting in a debt-to-asset ratio of 53.31%, a decrease of 2.05 percentage points from the beginning of the year[34]. - The net asset attributable to shareholders of the listed company increased by 7.93% to 19.757 billion yuan, with a net asset per share of 2.18 yuan[34]. - Total liabilities decreased to CNY 25,827,581,484.56 from CNY 26,174,613,978.70, a reduction of about 1.32%[120]. Revenue Generation and Cost Management - The company reported that there were no significant risks affecting its operations during the reporting period[6]. - The increase in net profit was attributed to the recovery of thermal power and an increase in hydropower generation compared to the previous year[17]. - The company successfully reduced operating costs by 5,367.19 million yuan through coal price control and energy consumption reduction measures[35]. - The company's comprehensive financing cost rate decreased to a record low of 2.6% in the first half of the year, contributing to a reduction in financial expenses by 3.46%[37]. Power Generation and Clean Energy Initiatives - In the first half of 2024, the company's total power generation reached 17.579 billion kWh, a year-on-year increase of 19.48%[32]. - Hydropower generation accounted for 14.397 billion kWh, up 27.05% year-on-year, while thermal power generation decreased by 25.09% to 1.627 billion kWh[32]. - The company emphasizes clean energy, with 90% of its installed capacity being from renewable sources, benefiting from national carbon neutrality policies[27]. - The company reported a significant increase in solar power generation, which rose by 97.75% to 396 million kWh in the first half of 2024[32]. Investment and Development Plans - The company plans to invest approximately ¥40.67 billion in five new renewable energy projects, with funding sourced from 20% equity and 80% bank loans[43]. - Research and development expenses rose by 52.66% to ¥80,833,267.00, reflecting increased investment in innovation[37]. Environmental and Social Responsibility - The company has implemented advanced pollution control measures, achieving ultra-low emissions standards for sulfur dioxide, nitrogen oxides, and particulate matter[55]. - The company donated 33.17 million yuan for targeted poverty alleviation in Dahu County in 2024, with 12 visits from leadership for oversight[63]. - The company conducted 38 educational training sessions, training 205 teachers in collaboration with Beijing Normal University as part of its educational support initiatives[64]. - The company actively participated in the "2024 World Environment Day" by engaging in fish stocking activities at its Longtan Hydropower Plant[61]. Shareholder and Capital Management - The company plans to distribute a cash dividend of CNY 0.85 per 10 shares, totaling CNY 670,002,113.17[4]. - The total number of ordinary shareholders as of the end of the reporting period is 40,601[85]. - The company has not disclosed any significant changes in its share capital structure during the reporting period[85]. - The company reported a profit distribution to shareholders amounting to CNY 1.58 billion for the first half of 2024, compared to CNY 1.38 billion in the same period last year, reflecting a year-on-year increase of approximately 14.5%[143]. Risk Management - The company faces risks including power policy changes, climate risks, coal price fluctuations, and market demand variability, which could impact profitability[47]. - The company has no non-operating fund occupation by controlling shareholders or related parties[5]. Corporate Governance - The company has appointed Xu Weiyou as the new Deputy General Manager as of April 23, 2024[51]. - The financial report was approved by the board of directors on August 23, 2024[147]. - The company has a continuous operation basis for its financial statements, with no significant doubts regarding its ability to continue operations[149].

关于中国大唐集团财务有限公司 2024年 半年度风险持续浮生报告 注册地址:北京市西城区菜市口大街 1 号 13 层 1301、14 层 1401 - 财务公司的经营范围句括: (1) 吸收成员单位存款; (2) 办理成员单位贷款; 根据上海证券交易所《上海证券交易所上市公司自律监管 指引第 5号 -- 交易与关联交易》的要求,广西桂冠电力股份 有限公司(以下简称"本公司"或者"公司")查验了中国大 唐集团财务有限公司(以下简称"财务公司")的《金融许可 证》、《企业法人营业执照》等,取得并审阅了财务公司包括 资产负债表、利润表、现金流量表等在内的半年度财务报告, 对财务公司的经营资质、业务与风险状况进行了评估,具体情 况报告如下: 一、财务公司基本情况 财务公司根据中国银行业监督管理委员会深圳监管局《关 于中国大唐集团重组深圳经济特区经济发展财务公司有关问题 的批复》(深银监复〔2004〕250号)、中国银行业监督管理委 员会《关于大唐集团财务有限公司业务范围及变更营业场所的 批复》(银监复〔2005〕95号),于2005年5月10日正式成 立,2005年8月正式开业。财务公司是由中国大唐集团有限公 司控股 ...

股票代码：600236 股票简称：桂冠电力 编号： 2024-029 广西桂冠电力股份有限公司 第十届董事会第六次会议决议公告 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个别及连带责任。 重要内容提示： 董事邓慧敏因另有公务未能亲自出席本次会议，书面委托董事 蔡爽代为出席并代为行使表决权。 广西桂冠电力股份有限公司(以下简称"公司")第十届董事会第 六次会议于 2024 年 8 月 23 日上午 10:00 在广西南宁市民族大道 126 号龙滩大厦 2601 会议室以现场+视频表决方式召开。会议通知及文件 于 2024 年 8 月 13 日以电子邮件方式发出。 会议由董事长赵大斌先生主持，会议应出席董事 13 名，实际出 席董事 13 名。其中：现场参会董事 5 名，分别是赵大斌、施健升、 蔡爽、韦锡坚、林世权；视频表决董事 7 名：分别是莫宏胜、于凤武、 李香华、谢晓莹、潘斌、沈剑飞、周兵；董事邓慧敏（非独立董事） 因另有公务未能亲自出席本次会议，书面委托董事蔡爽代为出席并代 为行使表决权。公司部分监事、高级管理人员列席了会议。本 ...