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。 重要内容提示： 证券代码：600505 证券简称：西昌电力 公告编号：2026-006 四川西昌电力股份有限公司 关于公司董事离任的公告 张凌先生离任，未导致公司董事会成员人数低于法定最低人数。根据《公司 法》《公司章程》及相关规定，张凌先生的辞职报告自送达董事会之日起生效， 其辞任不会对公司日常经营产生不利影响。 截至本公告披露日，张凌先生未持有公司股份，不存在应当履行而未履行的 承诺事项，并已按照公司相关规定做好交接工作。张凌先生在担任公司董事期间， 恪尽职守、勤勉尽责，公司及公司董事会对张凌先生在任职期间为公司发展所做 的贡献致以诚挚的敬意和衷心的感谢。 特此公告。 四川西昌电力股份有限公司董事会 2026 年 3 月 6 日 一、董事/高级管理人员离任情况 (一) 提前离任的基本情况 | 姓名 | 离任职务 | 离任时间 | | | 原定任期 到期日 | | | 离任原因 | 是否继续在上 市公司及其控 | 具体职务 | 是否存在 未履行完 | | --- | --- | ...

Investment Rating - The report maintains a "Buy" rating for the public utility sector, indicating an expected investment return exceeding 15% over the next 6-12 months compared to the market benchmark index [5][9]. Core Insights - The report highlights the competitive advantage of Chinese AI models in terms of cost, with output prices significantly lower than those of mainstream American models, providing a nearly 7-fold price advantage [2]. - The ongoing "East Data West Computing" initiative is expected to enhance the integration of clean energy and intelligent computing, further solidifying the cost advantages of Chinese models in the global market [3]. - Several power operators are actively developing "computing and electricity" collaborative businesses, aiming to create new growth avenues through investments in data centers and related infrastructure [4]. Summary by Sections Industry Overview - The report discusses the recent rise of Chinese open-source AI models, which have surpassed global usage metrics, indicating a strong domestic capability in AI technology [1]. Competitive Landscape - Chinese AI models are achieving comparable performance to international leaders at a fraction of the cost, with prices around 10-20 RMB per million tokens, compared to over 10 USD for U.S. models [2]. Market Trends - The report notes that the integration of clean energy and computing power is being accelerated by national policies, which are expected to enhance the competitiveness of Chinese models in the global market [3]. Company Developments - Key players in the power sector, such as JinKai New Energy and Longyuan Power, are making significant investments in data centers and distributed computing projects, positioning themselves to benefit from the "computing and electricity" synergy [4][8]. Investment Recommendations - The report suggests focusing on power operators that are engaged in "computing and electricity" initiatives and have favorable valuations, recommending specific companies such as Funiu Co., Gansu Energy, and JinKai New Energy for investment consideration [4].

Core Viewpoint - The A-share market has seen a strong performance in the power sector, with several stocks hitting the daily limit up and others showing significant gains [1] Group 1: Stock Performance - Companies such as Xiexin Energy Technology, Gan Energy, Henan Energy Holding, and Huayin Power have all reached the daily limit up of 10% [1] - Gansu Energy and Leshan Power have increased by over 7%, while Guang'an Aizhong has risen by over 6% [1] Group 2: Detailed Stock Data - Xiexin Energy Technology (002015) has a market cap of 23 billion and a year-to-date increase of 42.31% [2] - Gan Energy (000899) has a market cap of 14.3 billion and a year-to-date increase of 47.58% [2] - Henan Energy Holding (001896) has a market cap of 20.4 billion and a year-to-date increase of 156.54% [2] - Huayin Power (600744) has a market cap of 16.1 billion and a year-to-date increase of 35.03% [2] - Leshan Power (600644) has a market cap of 7.48 billion and a year-to-date increase of 32.72% [2] - Guang'an Aizhong (600979) has a market cap of 6.74 billion and a year-to-date increase of 21.64% [2] - Other notable companies include Mingxing Power, Electric Investment Green Energy, and Jinkong Power, all showing gains of over 4% [1][2]

2月27日，西昌电力涨5.05%，截至发稿，报15.59元/股，成交3.81亿元，换手率6.86%，总市值56.84亿 元。 声明：市场有风险，投资需谨慎。 本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本 文出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 从西昌电力十大流通股东角度 责任编辑：小浪快报 数据显示，西部利得基金旗下1只基金位居西昌电力十大流通股东。西部利得央企优选股票A （022164）三季度新进十大流通股东，持有股数47.06万股，占流通股的比例为0.13%。根据测算，今日 浮盈赚取约35.3万元。 西部利得央企优选股票A（022164）基金经理为盛丰衍。 截至发稿，盛丰衍累计任职时间9年98天，现任基金资产总规模68.08亿元，任职期间最佳基金回报 239.45%， 任职期间最差基金回报-24.88%。 资料显示，四川西昌电力股份有限公司位于四川省西昌市胜利路66号，成立日期1994年6月18日，上市 日期2002年5月30日，公司主营业务涉及生产、开发电力产品及发、供、用设备,发电、供电、电力 ...

Core Viewpoint - The A-share market has seen a strong performance in the power sector, with several stocks hitting the daily limit up and others showing significant gains [1] Group 1: Stock Performance - Companies such as Xiexin Energy Technology, Gan Energy, Henan Energy Holding, and Huayin Power all reached the daily limit up of 10% [1] - Gansu Energy and Leshan Power increased by over 7%, while Guang'an Aizhong rose by over 6% [1] - Other notable performers include Mingxing Power, Electric Investment Green Energy, Jinkong Power, and others, which all saw gains exceeding 4% [1] Group 2: Market Data - Xiexin Energy Technology (002015) had a market cap of 23 billion with a year-to-date increase of 42.31% [2] - Gan Energy (000899) reported a market cap of 14.3 billion and a year-to-date increase of 47.58% [2] - Henan Energy Holding (001896) had a market cap of 20.4 billion and a year-to-date increase of 156.54% [2] - Huayin Power (600744) had a market cap of 16.1 billion with a year-to-date increase of 35.03% [2] - Other companies like Leshan Power, Guang'an Aizhong, and Jinkong Power also showed significant market caps and year-to-date performance [2]

Core Viewpoint - The announcement details an arbitration case involving Sichuan Xichang Electric Power Co., Ltd.'s subsidiary, Muli County Guzeng Hydropower Development Co., Ltd., which is currently in the arbitration phase with a claim amount of approximately 457 million yuan [2][3][7]. Group 1: Arbitration Case Details - The arbitration has been accepted by the Liangshan Arbitration Committee, and a tribunal has not yet been formed [5]. - The applicant, China Water Resources and Hydropower Seventh Engineering Bureau Co., Ltd., is seeking confirmation of contract terms and additional payments related to construction disputes [2][3]. - The total claim amount of 457,016,681.21 yuan includes various components such as risk fees and VAT adjustments [3][4]. Group 2: Financial Impact on the Company - The arbitration is related to construction cost confirmations and is not expected to impact the company's profits for the year 2025, although future impacts remain uncertain [2][8]. - The company disputes the claim amount and is actively organizing legal analysis to address the situation [8]. - Even in a worst-case scenario, any financial obligations resulting from the arbitration would be considered part of the normal construction costs and would not constitute a one-time loss [8]. Group 3: Company Background - Muli County Guzeng Hydropower Development Co., Ltd. was established in 2011 with a registered capital of 432.18 million yuan and is primarily owned by Sichuan Xichang Electric Power Co., Ltd. [6]. - The Guzeng Hydropower Station has a total installed capacity of 172,000 kilowatts and is part of a larger hydropower development plan [6][7]. - The construction contract for the hydropower station was awarded to a consortium led by China Water Resources and Hydropower Seventh Engineering Bureau Co., Ltd. [6][7].

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。 重要内容提示： 证券代码：600505 证券简称：西昌电力 公告编号：2026-005 四川西昌电力股份有限公司 关于控股子公司收到应裁通知书的公告 涉案金额：申请人提出暂定 457,016,681.21 元（固增公司对此有异议，最 终金额需通过司法鉴定确定）。 是否对上市公司损益产生负面影响：本次仲裁事项涉及固增电站工程造价的 司法确认，对公司 2025 年度利润无影响，期后利润的影响尚具有不确定性，最 终实际影响需以仲裁裁决为准。 重要内容提示： 1 月 28 日，四川西昌电力股份有限公司控股子公司木里县固增水电开发有 限责任公司收到凉山仲裁委员会（以下简称"仲裁委员会"）发出的《凉山仲裁 委员会应裁通知书》(2026)凉仲案字第 15 号、中国水利水电第七工程局有限公 司（以下简称"水电七局"或"申请人"的《仲裁申请书》及附件。现将具体情 况公告如下： 一、本次仲裁的基本情况 （一）仲裁案件的当事人 案件所处的仲裁阶段：凉山仲裁委员会已受理，案件尚未仲裁。 申请人 ：中国水 ...

Group 1 - The company, Xichang Electric Power, announced an expected net profit attributable to the parent company of approximately 11.5 million yuan for the fiscal year 2025, representing a growth of about 38.72% compared to the previous year's profit of 8.29 million yuan [2]

报告期内，影响业绩变动的主要原因：一是开展精益管理提质增效，实施全面预算管理，"以收定支、 花钱问效"，有效压降非生产性开支，严控带息负债规模，财务费用同比下降19.88%；二是紧紧围绕客 户需求创新服务机制，通过大力提升优质服务，积极增供促销，供电环节售电量同比增长5.96%；三是 进一步强化发电运维管理，加强技术改造，科学调度运行，发电量自有和控股电站发电量同比增加 5.89%；四是深度参与电力市场化交易，且年度总体购售电量结构发生一定变化。以上原因综合叠加影 响所致。 格隆汇1月28日丨西昌电力(600505.SH)公布，经财务部门初步测算，预计公司2025年度实现归属于母公 司所有者的净利润约1150万元，较上年同期829万元增长约38.72%。归属于母公司所有者扣除非经常性 损益后的净利润约2250万元。 ...

Core Viewpoint - Xichang Electric Power (600505.SH) expects a net profit attributable to shareholders of approximately 11.5 million yuan for the year 2025, representing a year-on-year increase of about 38.72% from 8.29 million yuan in the previous year [1] Financial Performance - The net profit attributable to shareholders after deducting non-recurring gains and losses is expected to be around 22.5 million yuan [1] - Financial expenses decreased by 19.88% year-on-year due to effective cost control measures [1] Operational Improvements - The company implemented lean management and comprehensive budget management, focusing on "spending based on income" and evaluating expenditure effectiveness [1] - Sales volume in the electricity supply segment increased by 5.96% year-on-year through enhanced customer service and promotional efforts [1] Generation and Market Participation - The company strengthened its power generation operation and maintenance management, leading to a 5.89% year-on-year increase in power generation from its own and controlled power plants [1] - Active participation in electricity market transactions resulted in changes to the overall structure of annual electricity purchase and sale volumes [1]