Core Viewpoint - Xichang Electric Power (600505) announced plans to hold a semi-annual performance briefing on September 17, 2025, from 09:30 to 10:30 [1] Company Summary - The company is preparing for a performance explanation meeting to discuss its financial results for the first half of 2025 [1]

https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心视频直播和网络互动 投资者可于 2025 年 09 月 10 日 （星期三） 至 09 月 16 日 （星 期二）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 xcdlgs@126.com 进行提问。公司将在说明会上对投 资者普遍关注的问题进行回答。 四川西昌电力股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日发布公司 2025 年半年度报告，为便于广大投资者更全面深 入地了解公司 2025 年半年度经营成果、财务状况，公司计划于 2025 年 09 月 17 日 （星期三） 09:30-10:30 举行 2025 年半年度业绩说 明会，就投资者关心的问题进行交流。 证券代码：600505 证券简称：西昌电力 公告编号：2025-046 四川西昌电力股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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。 重要内容提示： 一、 说明会类型 ...

四川西昌电力股份有限公司 2025 年第二次临时股东会会议资料 600505 四川西昌电力股份有限公司 2025 年第二次临时股东会资料 2025 年 9 月 18 日 会议议程 600505 四川西昌电力股份有限公司 2025 年第二次临时股东会资料 会议时间：2025 年 9 月 18 日上午 9:30 目录 | 会议议程 1 | | | --- | --- | | 会议须知 2 | | | 审议议案： | | | 1、关于选举第八届董事会非独立董事的议案 | 3 | | 1.01 非独立董事候选人——冷继伟 | | | 1.02 非独立董事候选人——佟如意 | | | 附件：非独立董事简历 | 4 | 1 二、宣布会议开始 三、主持人报告出席股东人数及其代表的股份数 四、介绍议案 五、审议议案 六、股东发言 七、推选计票人、监票人 八、股东投票表决 九、统计表决票 十、宣读法律意见书 十一、签署股东会决议 十二、宣布会议结束 600505 四川西昌电力股份有限公司 2025 年第二次临时股东会资料 会议须知 一、本次股东会参会人员为持有本公司股份登记参会 的全体股东及股东代理人、公司董事、监事、高管人员 ...

Core Viewpoint - Xichang Electric's financial performance shows significant improvement in revenue and net profit for the first half of 2025 compared to the same period in 2024, despite rising short-term debt pressure and a low liquidity ratio [1][4]. Financial Performance Summary - Total operating revenue for the first half of 2025 reached 727 million yuan, a year-on-year increase of 7.26% [1]. - The net profit attributable to shareholders was 3.24 million yuan, marking a substantial year-on-year increase of 112.7% [1]. - The gross profit margin improved to 18.46%, up 23.68% from the previous year [1]. - The net profit margin turned positive at -0.71%, an improvement of 85.84% year-on-year [1]. - Total expenses (selling, administrative, and financial) amounted to 120 million yuan, accounting for 16.47% of revenue, a decrease of 7.75% [1]. Cash Flow and Debt Analysis - Operating cash flow per share increased significantly to 0.59 yuan, a rise of 230.29% year-on-year [1]. - The liquidity ratio was reported at 0.59, indicating short-term debt pressure [1][4]. - Interest-bearing liabilities decreased by 9.54% to 2.035 billion yuan [1]. Changes in Key Financial Items - Cash and cash equivalents increased by 15.29% to 235 million yuan due to higher electricity revenue [2]. - Inventory rose by 23.84% due to increased engineering projects [2]. - Short-term borrowings decreased by 40.01% as the company repaid loans [2]. - Management expenses increased by 24.56% due to salary structure adjustments [3]. Business Model and Market Position - The company's business model relies heavily on marketing-driven strategies, necessitating careful analysis of underlying drivers [4]. - Historical data indicates a weak return on invested capital (ROIC), with a median ROIC of 2.51% over the past decade [3]. - The company has experienced two years of losses since its listing, reflecting a fragile business model [3].

Group 1 - The company reported a revenue of 727 million yuan for the first half of 2025, representing a year-on-year growth of 7.26% [1] - The net profit attributable to shareholders was 3.24 million yuan, marking a turnaround from a loss to profit compared to the previous year [1] - The net profit after deducting non-recurring gains and losses was 3.17 million yuan, also indicating a recovery from a loss year-on-year [1] - The basic earnings per share stood at 0.0089 yuan [1]

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]