四川西昌电力股份有限公司 第八届董事会第六十四次会议决议公告 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。 重要内容提示： 股票代码：600505 股票简称：西昌电力 编号：2025-057 补选佟如意为审计委员会委员，补选后的审计委员会委员为：何云、刘涤尘、 何真、张凌、佟如意，何云任主任委员。 一、董事会会议召开情况 四川西昌电力股份有限公司（以下简称"公司"）第八届董事会第六十四次会 议于2025年10月27日以通讯表决的方式召开，会议通知和会议资料已于10月17 日以电子邮件的方式向各位董事发出。会议由董事长张劲主持，应出席董事12 名，实际出席董事12名，分别是：张劲、朱国政、何云、刘涤尘、穆良平、何真、 张凌、杨晓玲、贾巴书土、冷继伟、佟如意、杨鹏。会议的召开符合《公司法》 和《公司章程》的有关规定。 二、董事会会议审议情况 （一）《2025年第三季度报告》 表决情况：12票同意，0票反对，0票弃权，通过本项议案。 本议案在提交董事会审议前，已经董事会审计委员会审议通过。详见公司同 日发布于《中国证券报》《上海证 ...

Revenue and Profit - Operating revenue for Q3 2025 reached CNY 420,014,573.58, an increase of 12.27% compared to the same period last year[4]. - Total profit for Q3 2025 decreased by 64.27% year-on-year to CNY 12,799,895.18, primarily due to increased purchasing costs[4][9]. - Net profit attributable to shareholders for Q3 2025 was CNY 9,117,869.30, down 70.08% year-on-year[4][9]. - The company achieved a 9.93% year-on-year increase in electricity sales volume, contributing to revenue growth[6]. - Total operating revenue for the first three quarters of 2025 reached ¥1,147,128,239.44, an increase of 9.05% compared to ¥1,052,025,338.35 in the same period of 2024[18]. - Operating profit for the first three quarters of 2025 was ¥19,827,449.19, compared to ¥9,378,590.21 in 2024, indicating a significant increase of 111.06%[18]. - Net profit for the first three quarters of 2025 was ¥3,805,373.58, a recovery from a net loss of ¥7,361,199.00 in the same period of 2024[19]. - The net profit for the first three quarters of 2025 was ¥63,492,050.15, representing a growth of 6.4% from ¥59,357,665.55 in the first three quarters of 2024[26]. Cash Flow - Cash flow from operating activities for the year-to-date period increased by 72.55% to CNY 355,180,514.73[4][9]. - Cash flow from operating activities for the first three quarters of 2025 was ¥355,180,514.73, an increase of 72.25% from ¥205,839,882.87 in 2024[21]. - Cash inflow from operating activities for the first three quarters of 2025 reached approximately ¥1.21 billion, an increase from ¥1.08 billion in the same period of 2024, representing a growth of about 11.3%[29]. - The net cash flow from operating activities for the first three quarters of 2025 was approximately ¥308.33 million, compared to ¥171.40 million in 2024, indicating a significant increase of approximately 80.2%[29]. - The cash inflow from sales of goods and services for the first three quarters of 2025 was approximately ¥1.13 billion, compared to ¥1.06 billion in 2024, marking an increase of about 6.7%[29]. Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,123,275,831.76, a decrease of 0.79% from the end of the previous year[5]. - The company’s equity attributable to shareholders increased by 0.60% year-on-year to CNY 1,219,832,505.69[5]. - As of September 30, 2025, the total assets of Sichuan Xichang Electric Power Co., Ltd. amounted to CNY 4,123,275,831.76, a slight decrease from CNY 4,156,220,454.56 at the end of 2024[14]. - The company's current assets increased to CNY 575,163,016.45 from CNY 490,761,342.59, representing a growth of approximately 17.2%[14]. - Total liabilities decreased slightly to CNY 2,766,115,057.78 from CNY 2,794,061,336.05, a reduction of about 1%[16]. - The company's total equity stood at CNY 1,357,160,773.98, down from CNY 1,362,159,118.51, indicating a decrease of approximately 0.4%[16]. - The non-current assets totaled CNY 3,548,112,815.31, down from CNY 3,665,459,111.97, reflecting a decrease of about 3.2%[15]. - The total assets as of September 30, 2025, amounted to ¥2,633,643,632.78, up from ¥2,560,543,593.58 at the end of 2024, indicating a growth of 2.85%[25]. - The total liabilities increased to ¥1,123,175,884.70 as of September 30, 2025, compared to ¥1,107,377,560.53 at the end of 2024, reflecting a rise of 1.43%[25]. Financial Expenses and Earnings - Financial expenses decreased by 33.28% year-on-year, reflecting effective cost control measures[6]. - The company reported a decrease in financial expenses from ¥48,464,895.79 in 2025 to ¥72,634,135.33 in 2024, indicating a reduction of 33.33%[18]. - The basic and diluted earnings per share for Q3 2025 were CNY 0.0250, a decrease of 70.10% compared to the same period last year[5][9]. - The basic earnings per share for the first three quarters of 2025 was ¥0.0339, compared to ¥0.0136 in 2024, marking an increase of 148.53%[19]. - The financial expenses decreased significantly to ¥2,761,223.48 from ¥25,351,642.53, a reduction of approximately 89.1%[26]. Employee Compensation - The company reported a significant increase in employee compensation payable, which rose to CNY 104,934,269.49 from CNY 54,023,936.52, an increase of about 94.5%[16]. - The cash outflow for employee compensation in the first three quarters of 2025 was approximately ¥137.51 million, slightly down from ¥142.97 million in 2024, indicating a decrease of about 3.2%[29].

Core Insights - The company reported a third-quarter revenue of 420 million yuan, representing a year-on-year increase of 12.27% [1] - The net profit for the third quarter was 9.12 million yuan, showing a significant decline of 70.08% [1] - For the first three quarters, the company achieved a revenue of 1.147 billion yuan, which is a year-on-year growth of 9.04% [1] - The net profit for the first three quarters was 12.36 million yuan, marking a substantial increase of 149.66% compared to the previous year [1]

Core Insights - A total of 123 companies have announced their performance forecasts for the first three quarters, with 96 companies expecting profit increases, representing 78.05% of the total [1] - The overall proportion of companies reporting positive forecasts is 85.37%, with 9 companies expecting profits and 11 and 3 companies forecasting profit declines and losses, respectively [1] - Among the companies expecting profit increases, 44 are projected to have net profit growth exceeding 100%, while 41 companies are expected to see growth between 50% and 100% [1] Company Performance - Xinda Co. is expected to have the highest net profit growth, with a median increase of 3009.81% for the first three quarters [2] - Chuangjiang New Material and Shuo Bei De are projected to have median net profit growth of 2150.09% and 1285.82%, ranking second and third, respectively [2] - The average increase in stock prices for companies expected to double their profits since July is 25.57%, outperforming the Shanghai Composite Index [2] Industry Insights - The sectors with the most companies expecting profit increases include electronics, basic chemicals, and non-ferrous metals, with 10, 7, and 5 companies, respectively [1] - The main board, ChiNext, and STAR Market have 28, 8, and 8 companies, respectively, that are expected to double their profits [1] Stock Performance - Among the stocks, Northern Rare Earth has seen the largest increase since July, with a cumulative rise of 99.80% [2] - In terms of capital flow, the stocks with significant net inflows in the past five days include Shengyi Electronics, Yahua Group, and Guangdong Mingzhu, with net inflows of 189.65 million, 105.79 million, and 66.45 million, respectively [2] - Conversely, Northern Rare Earth, Shenghe Resources, and Chuangjiang New Material experienced significant net outflows, with amounts of 2478.92 million, 881.76 million, and 771.45 million, respectively [2]

Core Points - Xichang Electric Power announced the election of Mr. Yang Peng as the employee director of the company's eighth board of directors, as per the notification received from the labor union committee on October 15, 2025 [1] Summary by Category - **Company Announcement** - Xichang Electric Power received a notification regarding the election results for the employee director position [1] - Mr. Yang Peng has been elected as the employee director [1]

四川西昌电力股份有限公司章程 （2025 年 10 月 16 日，2025 年第三次临时股东会审议批准） 第 1 页 共 50 页 第一章 总 则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组 织和行为，根据《中华人民共和国公司法》(以下简称《公司法》) 《中华人民共和国证券法》(以下简称《证券法》)《中国共产党章程》 （以下简称《党章》）和其他有关规定，制订本章程。 第二条 公司系依照《股份有限公司规范意见》和其他有关规定 成立的股份有限公司(以下简称"公司")。 公司经四川省体改委川体改（1994）183 号文批准，以定向募集 方式设立；在四川省凉山彝族自治州市场监督管理局注册登记，取得 营业执照，统一社会信用代码 91513400MA62H8UQ8Q。 第三条 公司根据《党章》的规定，设立中国共产党的组织，公 司党委发挥领导核心和政治核心作用，把方向、管大局、保落实，公 司建立党的工作机构，配备足够数量的党务工作人员，保障党组织工 作经费。 第四条 公司于 2002 年 2 月 19 日经中国证券监督管理委员会证 监发行字（2002）21 号文批准,首次向社会公众发行人民币普通股 5500 ...

Core Insights - The overall performance of the power industry is showing positive trends, with many thermal and hydropower companies experiencing significant profit increases, with net profits nearly doubling year-on-year [2] Group 1: Thermal Power Companies - Jiantou Energy (000600.SZ) expects a 231.75% year-on-year increase in net profit for the first three quarters, amounting to approximately 1.583 billion yuan [3][4] - Suihengyun A (000531.SZ) anticipates a net profit increase of 87.83% to 180.38%, with expected profits between 345 million and 515 million yuan [4][5] - The rise in profits for these companies is attributed to a decrease in coal prices, which has lowered operational costs for thermal power generation [4][5] Group 2: Hydropower Companies - Xichang Power (600505.SH) projects a net profit increase of approximately 150.51% year-on-year, with expected profits around 12.4 million yuan [7] - Qianyuan Power (002039.SZ) expects a net profit increase of 70% to 100%, with profits estimated between 451 million and 530 million yuan [7] - The performance improvement for hydropower companies is driven by increased water inflow and effective cost management, leading to higher sales and reduced financial expenses [7][8] Group 3: New Energy Companies - Zhonglv Electric (000537.SZ) reported a 95.41% increase in power generation but a decline in net profit by 0.44% to 23.35%, attributed to factors like limited power generation from existing projects and falling electricity prices [2][3] - The company is shifting its strategy from solar to wind energy while maintaining some solar projects, aiming for a capital return rate of 7% for new investments [3]

四川西昌电力股份有限公司章程 公司经四川省体改委川体改（1994）183 号文批准，以定向募集 方式设立；在四川省凉山彝族自治州市场监督管理局注册登记，取得 营业执照，统一社会信用代码 91513400MA62H8UQ8Q。 第三条 公司根据《党章》的规定，设立中国共产党的组织，公 司党委发挥领导核心和政治核心作用，把方向、管大局、保落实，公 司建立党的工作机构，配备足够数量的党务工作人员，保障党组织工 作经费。 第四条 公司于 2002 年 2 月 19 日经中国证券监督管理委员会证 监发行字（2002）21 号文批准,首次向社会公众发行人民币普通股 5500 万股,于 2002 年 5 月 30 日在上海证券交易所上市。 第五条 公司注册名称：四川西昌电力股份有限公司 （2025 年 10 月 16 日，2025 年第三次临时股东会审议批准） 第一章 总 则 第一条 为维护公司、股东和债权人的合法权益，规范公司的组 第 1 页 共 49 页 织和行为，根据《中华人民共和国公司法》(以下简称《公司法》)《中 华人民共和国证券法》(以下简称《证券法》)《中国共产党章程》（以 下简称《党章》）和其他有关规定，制 ...

四川西昌电力股份有限公司 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。 根据四川西昌电力股份有限公司（以下简称"公司"）章程，公司于2025年10月 15日收到工会委员会《关于公司第八届董事会职工董事选举结果的通知》，会议选举 杨鹏先生为公司职工董事，经2025年10月16日向股东会报告，杨鹏先生职工董事身份 生效，任期与公司第八届董事会任期一致。杨鹏先生简历附后。 证券代码：600505 证券简称：西昌电力 公告编号：2025-056 关于选举产生职工董事的公告 2025 年10月17日 附件：杨鹏先生简历 特此公告。 四川西昌电力股份有限公司董事会 杨鹏，男，汉族，1973 年 9 月出生，中共党员，硕士学历，高级工程师，2015 年 被评为凉山州国资系统 2014 年度优秀共产党员，2015 年获得四川省五一劳动奖章， 历任供电公司变电处继保班副班长、副处长、处长，电网运检部变电科科长、生技部 副主任、新能源部主任、盐源丰光公司总经理、基建部主任、副总工程师、总经理助 理等职务；现任电网运检部党总支书记、总经理助理兼电 ...

四川元航律师事务所 四川元航律师事务所 四川西昌电力股份有限公司 2025 年第三次临时股东会法律意见书 (一)经本所律师审查,本次股东会由公司董事会召集。公司董 事会依照《股东会规则》及《公司章程》的规定提前通知了公司各股 东,决定于 2025年10月16日召开本次股东会。公司董事会于 2025 年 09 月 17 日披露了《四川西昌电力股份有限公司关于召开 2025 年 第三次临时股东会的通知》(以下简称:《通知》,将本次股东会的会 议时间、会议地点、召开方式、审议事项、会议出席对象等内容通知 了各股东。 (二)经本所律师见证,本次股东会召开的实际时间、地点、方 式等与《通知》中所告知的一致。 致:四川西昌电力股份有限公司 四川元航律师事务所(以下简称:本所)受四川西昌电力股份有 限公司(以下简称:公司)的委托,指派马奇律师、吴星宇律师列席 了公司于 2025 年 10 月 16 日召开的 2025 年 第三次临时股东会（以下 简称:本次股东会),并依据《中华人民共和国公司法》(以下简称: 《公司法》)、《中华人民共和国证券法》(以下简称:《证券法》)、中 国证券监督管理委员会《上市公司股东会规则》(以下 ...