ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ ⁵ᶐ䐵俿侣᷿㘋敒⋺ ( 侣敒ℸ⼩侣䡪㻂↳媣℔梘㨣㊊ᶊ忪℈ 䨮ᴋᴬ敒㘡⋌枆䑛㊊ᶊ忪℈䨮ᶎᴬ敒㘡 壥敦敒㙣᷸ㄒ⬳ 䗺⁵ᶍ杻䖆 㯗⺍】壃ᵨ ᶎɃᶎᶖ 㘊 ☲♂澿ᴌ㱹ⴄ㱨ᴞ㒲∼揸⛐ᴯ峱 ⋹ᴌ㱹ᴯ⻅⠩⊨ ⭄ 䐷嫟澿 Ḣ䘡澿 徰丘澿 ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ 㯗⺍】壃ᵨ ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ ⁵ᶐ䐵俿侣᷿㘋敒⋺ $ 侣敒ℸ⼩侣䡪㻂↳媣℔梘㨣㊊ᶊ忪℈ 䨮ᴋᴬ敒㘡⋌枆䑛㊊ᶊ忪℈䨮ᶎᴬ敒㘡 壥敦敒㙣᷸ㄒ⬳䗺⁵ᶍ杻䖆 㯗⺍】壃ᵨ 僶澿䐵俿侣᷿㘋敒⋺ ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ澭ᷧᴍ䪂䣲Ĉ㘮ㅂĉ澮㊧⋙䐵俿侣᷿㘋敒⋺澭ᷧ ᴍ䪂䣲Ĉ⋺ĉㄘĈ䐵俿侣᷿ĉ澮䖆⣖ㅚ澱⬳䐵俿侣᷿㘋敒⋺ $ 侣敒ℸ⼩侣 䡪㻂↳媣℔澭ᷧᴍ䪂䣲Ĉ㘮㨣㻂↳媣℔ĉ澮䗺⁵ᶍ⪞㇇᷽ᴕ杻㯗⺍枀擰澱⬳梘 㨣㊊ᶊ忪℈䨮ᴋᴬ敒㘡⋌枆䑛㊊ᶊ忪℈䨮ᶎᴬ敒㘡壥敦敒㙣᷸ㄒ⬳澭ᷧᴍ 䪂䣲Ĉ㘮㨣壥敦敒ĉ澮㲋⋌䖆䗺⁵ᶍ杻⁹㯗⺍】壃ᵨȿ ᴼ⁹㘮㯗⺍】壃ᵨᵍ䗰䖆澱㘮ㅂẟ㉰ᴯ◿⺍ⴊ坎ᴜ媦䖆ᴜ↣㜉Ⱦ录⺹ 壆刅⎎⇦⇋⬿尥䯀䡠澱⫻⋺廝坎ᶈ⬿低嬅㛧澱㘮ㅂ⺍ⴊ㛧攇ᶈ⁸媦ᴼ⻇杽㛧攇 䖆㒉᷸澱⬳ᴐ㘮㨣壥敦敒㘋⁵䖆擰枚⌓⋺㘋⁵ᶼ⍚ᶈ嫤擰ㄘᴐᵍ廝坎ᶈ ⻇境䖆媪媼ȿ 㘮ㅂ᷇⬳⋺㘮㨣壥敦敒䖆㘋⁵ᴯ◿㯗⺍ ...

Core Viewpoint - The company plans to repurchase and cancel 15,300 restricted stocks due to the departure of one incentive object during the validity period of the stock incentive plan [1][3][4]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase is based on the company's stock incentive plan, which allows for the cancellation of stocks granted to an incentive object who has left the company [1][3]. Decision Procedures and Disclosure - The company held a shareholders' meeting on May 28, 2021, where it authorized the board to handle matters related to the stock incentive plan, including the repurchase and cancellation of restricted stocks [2]. - On July 18, 2025, the board approved the repurchase at a price of 1.68 yuan per share for the 15,300 restricted stocks [2]. Repurchase and Cancellation Details - The total number of restricted stocks to be repurchased is 15,300, which will reduce the company's total share capital from 4,894,094,676 shares to 4,894,079,376 shares [4]. - The repurchase is expected to be completed by September 10, 2025 [4]. Company Commitments and Legal Opinions - The company has confirmed that all information regarding the repurchase, including the object, number of shares, and cancellation date, is accurate and complete [5]. - A legal opinion from Shanghai Jintiancheng Law Firm confirms that the repurchase complies with relevant laws and regulations [5].

Group 1 - The green electricity ETF (Product Code: 562550) tracks the China Securities Green Power Index [2] - The ETF has experienced a 1.92% change in the last five days [2] - The current price-to-earnings ratio of the ETF is 17.21 times [2] Group 2 - The latest share count for the ETF is 140 million, with a reduction of 500,000 shares [2] - The net inflow of main funds into the ETF is 1.134 million yuan [2] - The valuation percentile of the ETF stands at 43.42% [3]

Core Viewpoint - The company plans to repurchase and cancel 15,300 restricted stocks due to the departure of one incentive target during the effective period of the stock incentive plan [1][2] Group 1: Repurchase and Cancellation Details - The repurchase is based on the company's A-share restricted stock incentive plan, which allows for the cancellation of stocks when an incentive target leaves [1] - The repurchase price is set at 1.68 yuan per share, and the total number of shares to be canceled is 15,300 [1] - Following the cancellation, the company's total share capital will decrease from 4,894,094,676 shares to 4,894,079,376 shares [1] Group 2: Decision Process and Legal Compliance - The board of directors was authorized by the shareholders' meeting to handle matters related to the stock incentive plan, including the repurchase and cancellation of restricted stocks [1] - The company has complied with all necessary legal procedures and disclosures, including obtaining a legal opinion from Shanghai Jintiancheng Law Firm confirming the legality of the repurchase [1][2] - The company assures that the repurchase will not adversely affect the stability of the management team or the company's financial performance [1]

证券代码：600642 证券简称：申能股份 公告编号：2025-040 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： 申能股份有限公司 回购注销原因： 股权激励限制性股票回购注销实施公告 根据申能股份有限公司（以下简称"公司"）A股限制性股票激励计划（以下简称 "本激励计划"或"本计划"）的相关规定，鉴于1名激励对象在本激励计划有效期内 离职，公司拟对其已获授但尚未解除限售的15,300股限制性股票进行回购注销。 2022年5月20日，公司召开第四十二次（2021年度）股东大会，审议通过了《关于 股东大会授权董事会及公司管理层办理股权激励计划中A股限制性股票相关事项的议 案》。股东大会授权公司经营管理层具体办理与本次激励计划中涉及的与回购注销相关 的全部事项，包括但不限于按照《公司法》及相关规定办理回购注销股份公告手续、公 司注册资本变更手续、修订公司章程、向中国证券登记结算有限责任公司上海分公司办 理限制性股票注销相关手续等。 2025年7月18日，公司召开第十一届董事会第十四次会议，审议通过了《关于回购 ...

ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ ⁵ᶐ䐵俿侣᷿㘋敒⋺ ( 侣敒ℸ⼩侣䡪㻂↳媣℔ 忪℈敒ℸ⼩侣䡪◠尯㯪搂⪠㒿䗺⁵ᶍ杻䖆 㯗⺍】壃ᵨ ᶎɃᶎᶖ ᵟ㘊 ☲♂澿ᴌ㱹ⴄ㱨ᴞ㒲∼揸⛐ᴯ峱 ⋹ᴌ㱹ᴯ⻅⠩⊨ ⭄ 䐷嫟澿 Ḣ䘡澿 ᴼ⁹㘮㯗⺍】壃ᵨᵍ䗰䖆澱㘮ㅂẟ㉰ᴯ◿⺍ⴊ坎ᴜ媦䖆ᴜ↣㜉Ⱦ录⺹ 壆刅⎎⇦⇋⬿尥䯀䡠澱⫻⋺廝坎ᶈ⬿低嬅㛧澱㘮ㅂ⺍ⴊ㛧攇ᶈ⁸媦ᴼ⻇杽㛧攇 䖆㒉᷸澱⬳ᴐ㘮㨣◠尯㯪搂㘋⁵䖆擰枚⌓⋺㘋⁵ᶼ⍚ᶈ嫤擰ㄘᴐᵍ廝坎ᶈ ⻇境䖆媪媼ȿ ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ澭ᷧᴍ䪂䣲³㘮ㅂ´澮㊧⋙䐵俿侣᷿㘋敒⋺澭ᷧᴍ 䪂䣲³⋺´ㄘ³䐵俿侣᷿´澮䖆⣖ㅚ澱⬳䐵俿侣᷿㘋敒⋺ $ 侣敒ℸ⼩侣䡪㻂↳媣 ℔澭ᷧᴍ䪂䣲³㘮㨣侣㙅㻂↳媣℔´澮䗺⁵ᶍ⪞㇇᷽ᴕ杻㯗⺍枀擰澱⬳㘮㨣侣㙅 㻂↳媣℔忪℈敒ℸ⼩侣䡪◠尯㯪搂澭ᷧᴍ䪂䣲³㘮㨣◠尯㯪搂´澮䖆⪠㒿㲋⋌䖆䗺 ⁵ᶍ杻⁹㯗⺍】壃ᵨȿ 徰丘澿 ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ 㯗⺍】壃ᵨ ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ ⁵ᶐ䐵俿侣᷿㘋敒⋺ $ 侣敒ℸ⼩侣䡪㻂↳媣℔ 忪℈敒ℸ⼩侣䡪◠尯㯪搂⪠㒿䗺⁵ᶍ杻䖆 僶澿䐵俿侣᷿㘋敒⋺ 㯗⺍】壃ᵨ Ⱦ㘮ㅂ⋓坪㯗⺍】壃ㅂẟ㉰䖆㔱㘮㯗⺍】壃ᵨ⁹㓧⅏䷑⋓䐡ㄘ⩚☪䖆 㘋⁵ᶍ⪠⎎㩥⸑枃ⴅ⪠㒿䖆㯗⺍Ⱦ㯗壆Ⱦ坎㑁壆䧢⎎⁸ᷘ壆 ...

Group 1 - The core point of the article is that Sheneng Co., Ltd. announced the approval of a proposal to issue convertible bonds to unspecified investors during its 47th shareholder meeting held on September 4, 2025 [1] Group 2 - The company held its second temporary shareholder meeting of 2025 on September 4 [1] - The proposal regarding the issuance of convertible bonds was among the key items discussed and approved during the meeting [1]

Investment Rating - The report maintains an "Accumulate" rating for the company [6] Core Views - The company's profitability improved significantly in Q2 due to cost reductions, with a notable increase in net profit growth compared to the previous quarter [1] - The company experienced a marginal improvement in power generation growth in Q2, with continued expansion in renewable energy capacity [2] - The profitability of coal-fired units has increased due to cost optimization, despite a decline in electricity prices [3] - The revenue from wind and solar power showed a mixed performance, with solar profitability being pressured by rising costs [4] - The company's net profit forecasts for 2025-2027 have been adjusted downward, but the fundamental outlook remains positive [4] Summary by Sections Financial Performance - In H1 2025, the company achieved revenue of 12.958 billion yuan, a year-on-year decrease of 5.28%, and a net profit of 2.077 billion yuan, down 5.23% year-on-year [1] - Q2 revenue was 5.620 billion yuan, a slight increase of 0.21% year-on-year, with net profit reaching 1.066 billion yuan, up 3.29% year-on-year [1] Power Generation - Total power generation in H1 2025 was 25.951 billion kWh, down 1.7% year-on-year, with coal, gas, wind, and solar generation showing varying performance [2] - In Q2, power generation was 11.525 billion kWh, up 6.1% year-on-year, with significant growth in wind and solar generation [2] Cost and Profitability - The average coal consumption for the company's coal-fired power plants was 282.5 grams/kWh, with a corresponding coal price of 841 yuan/ton, leading to a decrease in operating costs [3] - The gross margin for coal-fired units improved to 21.39%, an increase of 6.87 percentage points year-on-year [3] Revenue and Profit Forecasts - The company’s revenue and net profit forecasts for 2025-2027 have been revised to 4.018 billion yuan, 4.170 billion yuan, and 4.304 billion yuan respectively, with corresponding EPS of 0.82, 0.85, and 0.88 yuan [4][5]

证券代码：600642 证券简称：申能股份 公告编号：2025-039 申能股份有限公司 第四十七次（2025年第二次临时）股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 9 月 4 日 (二)股东会召开的地点：上海市徐汇区东安路 8 号青松城大酒店 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 993 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 3,298,261,907 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 67.3927 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，采取现场和网络投票相结合的方式召开，由公 司董事长华士超先生主持。现场会议采取记名投票表决的方式。本次会议的召集 ...

ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ ⁵ᶐ䐵俿侣᷿㘋敒⋺ 䨮◝≃ᴅ㨣澭 䨮ᶎ㨣ᴶ㓸澮侣ᴞḜ䖆 㯗⺍】壃ᵨ ☲♂澿ᴌ㱹ⴄ㱨ᴞ㒲∼揸⛐ᴯ峱 ⋹ᴌ㱹ᴯ⻅⠩⊨ ⭄ 䐷嫟澿 Ḣ䘡澿 徰丘澿 ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ 㯗⺍】壃ᵨ ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ ⁵ᶐ䐵俿侣᷿㘋敒⋺ 䨮◝≃ᴅ㨣澭 䨮ᶎ㨣ᴶ㓸澮侣ᴞḜ䖆 㯗⺍】壃ᵨ 僶澿䐵俿侣᷿㘋敒⋺ ᴌ㱹ⴄ搨⠫⛐⺍ⴊᶍ↣ㅂ澭ᷧᴍ䪂䣲³㘮ㅂ´澮㊧⋙䐵俿侣᷿㘋敒⋺澭ᷧᴍ 䪂䣲³⋺´澮⣖ㅚ澱⬳⋺⋮⸂䨮◝≃ᴅ㨣澭 䨮ᶎ㨣ᴶ㓸澮侣ᴞḜ澭ᷧ ᴍ䪂䣲³㘮㨣侣ᴞḜ´澮䖆㘋⁵ᶍ⪞澱㜻㉰Ɇᴯ≐ᶼ㬓⎎◿⋺㯗ɇ澭ᷧᴍ䪂䣲 Ɇ⋺㯗ɇ澮ȾɆᴌⴄ⋺侣ᴞḜ壆ℛɇ䩋㯗⺍Ⱦ㯗壆Ⱦ⁸ᷘ壆刅⼩㒉᷸⋌Ɇ䐵 俿侣᷿㘋敒⋺䧢䤍ɇ澭ᷧᴍ䪂䣲Ɇ⋺䧢䤍ɇ澮䖆㘋⁵壆⪜澱⁹㘮㯗⺍】壃 ᵨȿ ᴼ⁹㘮㯗⺍】壃ᵨ澱㘮ㅂ⋌㘮ㅂ⺍ⴊẟ㉰Ɇ⺍ⴊᶍ↣ㅂ᷐ᶍ嫃℺㯗⺍ᴜ↣ 䪣䌈↠㯗ɇ⎎Ɇ⺍ⴊᶍ↣ㅂ嫃℺㯗⺍ᴜ↣ㅩᴜ壆ℛ澭嫗坎澮ɇ䩋壆⪜澱ᴧ㜾⭧坎 ᶈ㯗⪜低尥澱彷⺬ᶈ⇦⇋⬿尥⎎嫜⪠ợ䐪⊡ℛ澱⫻㘮㨣侣ᴞḜㅂ㲋⋌䖆䗺⁵ᶍ杻 廝坎ᶈ⻇境䖆㜺㛧⎎榎嫃澱㜺㛧ᶈ㘮ㅂ媦ᴼ⁹嫧㯗⺍】壃ᵨㅂ昂䖆䗺⁵㒉᷸Ⱦ 屆㒛澱⋄↢ᶈ⋺㘮㨣侣ᴞḜ䖆弜媱Ḝ媰廉䤍ȿ㘮ㅂở嫃㘮㯗⺍】壃ᵨㅂ媦 ⪜䖆ᶍ⪠䘡⪠Ⱦ䝰Ⱦ⪎㑶 ...