Group 1 - The core point of the article is that Xichang Electric Power announced the approval of multiple proposals, including the election of a non-independent director at the 62nd meeting of its eighth board of directors [2] Group 2 - The announcement was made on the evening of August 26 [2] - The meeting focused on the election of a non-independent director among other proposals [2]

Core Viewpoint - Xichang Electric Power announced the approval of its 2025 semi-annual report during the 48th meeting of the eighth supervisory board [2] Group 1 - The announcement was made on the evening of August 26 [2] - The report was reviewed and approved by the supervisory board [2]

Group 1 - The company held its 62nd meeting of the 8th board of directors on August 26, 2025, using a combination of in-person and video communication for voting [1] - The meeting approved the proposal to supplement the non-independent directors of the 8th board, electing Leng Jiwei and Tong Ruyi as non-independent directors [1]

Group 1 - The company held its 48th meeting of the 8th Supervisory Board on August 26, 2025, with all 5 supervisors present, complying with legal regulations and company bylaws [1] - The meeting approved the "2025 Semi-Annual Report" with a unanimous vote of 5 in favor, 0 against, and 0 abstentions [1] - The Supervisory Board confirmed that the information disclosed in the report accurately reflects the company's operational management and financial status for the reporting period [1]

Meeting Information - The shareholders' meeting is scheduled for September 18, 2025, at 9:30 AM [1] - The meeting will be held at the company's office located at 66 Shengli Road, Xichang City, Sichuan Province [1] - Voting will be conducted through a combination of on-site and online methods using the Shanghai Stock Exchange's voting system [1] Voting Procedures - The online voting system will be available from 9:15 AM to 3:00 PM on the day of the meeting [1] - Shareholders can vote via the trading system or the internet voting platform [3] - Shareholders holding multiple accounts can aggregate their voting rights across all accounts [3][4] Meeting Attendance - Only shareholders registered by the close of trading on September 12, 2025, are eligible to attend the meeting [5] - Shareholders may appoint a proxy to attend and vote on their behalf [4][5] Registration Details - Registration for the meeting can be done through contact person Zheng Yuanyuan at 0834-3830167 [5] - Registration requires identification and proof of shareholding [5] Additional Information - Meeting materials will be published on the Shanghai Stock Exchange website [6] - Attendees are responsible for their own travel and accommodation expenses [6]

证券代码：600505 证券简称：西昌电力 公告编号：2025-044 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。 重要内容提示： 一、 召开会议的基本情况 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 18 日 9 点 30 分 召开地点：四川省西昌市胜利路 66 号公司办公大楼 6 楼会议室 股东会召开日期：2025年9月18日 本次股东会采用的网络投票系统：上海证券交易所股东大会网络投票系 统 (一)股东会类型和届次 2025年第二次临时股东会 (二)股东会召集人：董事会 (三)投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方 式 (五)网络投票的系统、起止日期和投票时间。 关于召开2025年第二次临时股东会的通知 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 18 日 至2025 年 9 月 18 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 ...

股票代码：600505 股票简称：西昌电力 编号：2025-042 四川西昌电力股份有限公司 第八届监事会第四十八次会议决议公告 本公司监事会及全体监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。 四川西昌电力股份有限公司（以下简称"公司"）第八届监事会第四十八次 会议于2025年8月26日以现场结合通讯表决的方式召开。本次会议应出席监事5 人，实际出席监事5人。会议的召开符合《公司法》等法律法规及公司《章程》 的有关规定。 会议审议通过了《2025年半年度报告》。 表决情况：5 票同意，0 票反对，0 票弃权。 监事会发表审核意见如下： 1、报告的编制和审议程序符合法律、法规及《公司章程》和公司内部管理 制度的各项规定； 2、报告的内容和格式符合中国证监会和上海证券交易所的各项规定，所披 露的信息真实、完整地反映了公司报告期的经营管理情况和财务状况； 3、在提出本意见前，公司监事会未发现参与《2025年半年度报告》编制和 审议的人员有违反保密规定的行为； 4、监事会全体成员保证《2025年半年度报告》所披露的信息真实、准确、 完整，承诺其中不存 ...

一、董事会会议召开情况 股票代码：600505 股票简称：西昌电力 编号：2025-041 四川西昌电力股份有限公司 第八届董事会第六十二次会议决议公告 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： 四川西昌电力股份有限公司（以下简称"公司"）第八届董事会第六十二次会 议于2025年8月26日在西昌市以现场结合视频通讯表决的方式召开，会议通知和 会议资料已于8月16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11名，实际出席董事11名，分别是：张劲、朱国政、何云、刘涤 尘、穆良平、何真、张凌、谭书云、王锐、杨晓玲、贾巴书土。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年半年度报告》 表决情况：11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》《上海证券报》《证券日报》《证券时报》和上海证券 交易所网站（http://www.sse.com.cn）的《 ...

Group 1 - The board of directors of Sichuan Xichang Electric Power Co., Ltd. held its 62nd meeting on August 26, 2025, with all 11 directors present, and all resolutions were passed unanimously [1][2][3] - The 2025 semi-annual report was approved with 11 votes in favor, 0 against, and 0 abstentions [2] - The board approved the asset write-off and disposal for the first half of 2025 with the same voting results [2] - The board elected new members to the Strategic and ESG Committee and a non-independent director, both with unanimous approval [2] - A resolution to convene the second extraordinary general meeting of shareholders in 2025 was also passed unanimously [2][3] Group 2 - The meeting included reports on the company's operating conditions for the first half of 2025, the progress of the 100,000 kW photovoltaic project in Yanyuan County, and updates on the equity recovery work related to Huaxi Securities [3]

Important Notice [Report Statement and Risk Disclosure](index=2&type=section&id=Report%20Statement%20and%20Risk%20Disclosure) The report confirms the accuracy of its unaudited financial content, discloses forward-looking statement risks, and directs to the Management Discussion and Analysis for detailed risks - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[3](index=3&type=chunk) - This semi-annual report is **unaudited**[5](index=5&type=chunk) - Forward-looking statements regarding future plans and development strategies do not constitute a substantive commitment to investors and carry investment risks[6](index=6&type=chunk) - The company has no particularly significant risks; specific risks are detailed in Section III, "Management Discussion and Analysis"[7](index=7&type=chunk) Section I Definitions [Common Terminology Definitions](index=4&type=section&id=Common%20Terminology%20Definitions) This section defines common terms used in the report, ensuring clear understanding of its content Common Terminology Definitions | Common Term | Definition | | :--- | :--- | | CSRC | China Securities Regulatory Commission | | SSE | Shanghai Stock Exchange | | Company, The Company | Sichuan Xichang Electric Power Co.,Ltd. | | State Grid Sichuan Electric Power | State Grid Sichuan Electric Power Company | | Sichuan Hydropower Group | Sichuan Hydropower Investment and Operation Group Co., Ltd. | | Liangshan Development Holding Company | Liangshan Prefecture Development (Holding) Group Co., Ltd. | | Guzeng Company | Muli County Guzeng Hydropower Development Co., Ltd. | | Fengguang Company | Yanyuan Fengguang New Energy Co., Ltd. | | "Articles of Association" | "Articles of Association of Sichuan Xichang Electric Power Co.,Ltd." | | Reporting Period | January-June 2025 | Section II Company Profile and Key Financial Indicators [Company Information and Contact Details](index=4&type=section&id=Company%20Information%20and%20Contact%20Details) This section provides the company's basic information, including its name, legal representative, and contact details for the Board Secretary and Securities Affairs Representative Company Basic Information | Indicator | Content | | :--- | :--- | | Chinese Name | 四川西昌电力股份有限公司 | | Chinese Abbreviation | 西昌电力 | | English Name | Sichuan Xichang Electric Power Co.,Ltd. | | English Abbreviation | XCEP | | Legal Representative | Zhang Jin | Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Yan Ke | No. 66 Shengli Road, Xichang City, Sichuan Province | 0834－3830167 | 0834－3830040 | xcdlgs@126.com | | Securities Affairs Representative | Zheng Yuanyuan | No. 66 Shengli Road, Xichang City, Sichuan Province | 0834－3830167 | 0834－3830040 | xcdlgs@126.com | [Changes in Basic Information and Information Disclosure](index=4&type=section&id=Changes%20in%20Basic%20Information%20and%20Information%20Disclosure) The company's registered and office addresses remained unchanged during the reporting period, with information disclosed through designated newspapers and the SSE website - The company's registered and office addresses are both No. 66 Shengli Road, Xichang City, Sichuan Province, with no changes during the reporting period[15](index=15&type=chunk) - Designated information disclosure newspapers include "Shanghai Securities News," "China Securities Journal," "Securities Daily," and "Securities Times," with the semi-annual report available on www.sse.com.cn[16](index=16&type=chunk) Company Stock Overview | Stock Type | Stock Exchange | Stock Abbreviation | Stock Code | | :--- | :--- | :--- | :--- | | A-share | Shanghai Stock Exchange | Xichang Electric Power | 600505 | [Company Key Accounting Data and Financial Indicators](index=5&type=section&id=Company%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company achieved a 7.26% increase in operating revenue, returned to profitability in total profit and net profit attributable to shareholders, and saw a 230.29% surge in net cash flow from operating activities Key Accounting Data (Jan-Jun 2025 vs. Prior Year Period) | Indicator | Current Reporting Period (Jan-Jun) | Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 727.11 million Yuan | 677.90 million Yuan | 7.26 | | Total Profit | 5.80 million Yuan | -26.30 million Yuan | Not Applicable | | Net Profit Attributable to Shareholders of the Listed Company | 3.24 million Yuan | -25.52 million Yuan | Not Applicable | | Net Cash Flow from Operating Activities | 216.72 million Yuan | 65.61 million Yuan | 230.29 | | Net Assets Attributable to Shareholders of the Listed Company (Period-end) | 1.21 billion Yuan | 1.21 billion Yuan | -0.11 | | Total Assets (Period-end) | 4.11 billion Yuan | 4.16 billion Yuan | -1.11 | Key Financial Indicators (Jan-Jun 2025 vs. Prior Year Period) | Indicator | Current Reporting Period (Jan-Jun) | Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/share) | 0.0089 | -0.0700 | Not Applicable | | Diluted Earnings Per Share (Yuan/share) | 0.0089 | -0.0700 | Not Applicable | | Weighted Average Return on Net Assets (%) | 0.27 | -2.13 | Increased by 2.40 percentage points | - Performance changes are primarily due to quality and efficiency improvements, increased supply and sales promotion, reduced non-productive expenses, abundant water inflow for grid-connected power stations leading to a **16.27% increase in on-grid electricity**, a **11.28% decrease in average purchase price of external electricity**, and an **11.55% increase in electricity sales** in the supply chain[20](index=20&type=chunk) [Non-Recurring Gains and Losses](index=6&type=section&id=Non-Recurring%20Gains%20and%20Losses) During the reporting period, the company's total non-recurring gains and losses amounted to 68,194.13 Yuan, mainly from disposal of non-current assets, government grants, and other non-operating income and expenses Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Amount (Yuan) | | :--- | :--- | | Gains and losses from disposal of non-current assets | -233,546.16 | | Government grants recognized in current profit or loss | 1,591,641.83 | | Other non-operating income and expenses apart from the above | -1,272,504.98 | | Less: Income tax impact | 14,896.78 | | Minority interest impact (after tax) | 2,499.78 | | **Total** | **68,194.13** | Section III Management Discussion and Analysis [Industry and Principal Business Overview](index=6&type=section&id=Industry%20and%20Principal%20Business%20Overview) In the first half of 2025, the national power industry maintained stable operations with significant green and low-carbon transformation, while the company, as a local integrated power enterprise, expanded its core business in hydropower, solar PV, and power engineering - In the first half of 2025, national electricity consumption reached **4.84 trillion kWh**, a **3.7% year-on-year increase**; power investment totaled **654.6 billion Yuan**, up **9.6%**; and installed power generation capacity reached **3.65 billion kW**, up **18.7%**[23](index=23&type=chunk) - The company, as the first A-share listed company in Liangshan Prefecture, operates as an integrated local power enterprise encompassing generation, transmission, distribution, and sales, with an on-grid installed capacity of **568.42 MW**[24](index=24&type=chunk) - The company's core businesses include hydropower generation, solar photovoltaic power generation, and power engineering design and installation[24](index=24&type=chunk) [Discussion and Analysis of Operations](index=7&type=section&id=Discussion%20and%20Analysis%20of%20Operations) In the first half of the year, the company achieved consecutive profitability for the first time in three years by focusing on safety, performance, power supply, and transformation, while actively exploring distributed photovoltaic projects - The company achieved consecutive profitability in the first and second quarters for the first time in nearly three years, with key operating indicators meeting mid-year targets[25](index=25&type=chunk) - The company achieved significant results in production safety, enhancing grid reliability, improving power supply services, corporate governance, and tackling operational performance challenges[26](index=26&type=chunk) - New energy business focuses on distributed photovoltaic projects, with the Luojiagou and Shenglicun distributed photovoltaic projects expected to be completed within the year[27](index=27&type=chunk) [Core Competitiveness Analysis](index=8&type=section&id=Core%20Competitiveness%20Analysis) The company's core competitiveness stems from its integrated power generation and supply model, clean energy advantages, extensive industry management experience, and increasingly standardized and efficient corporate governance, with no changes during the reporting period - The company's integrated power generation, transmission, distribution, and sales business model ensures a market advantage in regional power supply[28](index=28&type=chunk) - The company's power sources, hydropower and photovoltaic, are clean and renewable, offering long-term stable operational advantages and promising development prospects[28](index=28&type=chunk) - The company has accumulated extensive experience in power generation and supply operations and management, possessing a team of experienced managers and technical professionals[28](index=28&type=chunk) - The company strictly adheres to laws and regulations to improve corporate governance and continuously builds its internal control system, forming a standardized and efficient governance structure[28](index=28&type=chunk) - The company's core competitiveness remained unchanged during the reporting period[29](index=29&type=chunk