关于申能集团财务有限公司的风险持续评估报告 根据上交所《上海证券交易所上市公司自律监管指引第 5 号 —交易与关联交易》的要求，申能股份有限公司（以下简称"公 司"）通过查验申能集团财务有限公司（以下简称"申能财务"） 的《营业执照》与《金融许可证》等资料，并审阅了包括资产负 债表、利润表、现金流量表等在内的申能财务的定期财务报告， 对其经营资质、业务和风险状况进行了评估，具体情况报告如下： 申能财务系经中国银行业监督管理委员会（因职责整合，现 为国家金融监督管理总局）批准的非银行金融机构。申能财务于 2007 年 7 月 17 日完成工商注册登记，社会统一信用代码证号为 91310000664329642R；金融许可证机构编码为 L0082H231000001。 截至目前，申能财务注册资本为人民币 20 亿元，其中：申能（集 团）有限公司出资人民币 12 亿元，占比 60%；申能股份有限公 司出资人民币 6 亿元，占比 30%；上海燃气（集团）有限公司出 资人民币 2 亿元，占比 10%。申能财务业务覆盖结算、存款、贷 款、外汇、投资等领域，是全国经营范围较为齐全的财务公司之 一。 申能股份有限公司 截至 ...

一、以全票同意，一致通过了《申能股份有限公司 2025 年半年 度报告》及其摘要。（具体内容详见同日披露的《申能股份有限公司 2025 年半年度报告》及其摘要） 董事会审计委员会事先对定期报告进行审议并一致通过。 二、经关联董事刘先军回避表决，10 名非关联董事一致同意： 证券代码：600642 股票简称：申能股份 公告编号：2025-037 申能股份有限公司 第十一届董事会第十六次会议决议公告 申能股份有限公司第十一届董事会第十六次会议于 2025 年 8 月 28 日以通讯方式召开。公司于 2025 年 8 月 18 日以法律规定方式通 知全体董事。会议应参加表决董事 11 名，实际参加表决董事 11 名。 会议符合《公司法》和《公司章程》有关规定，审议并通过了以下事 项： 申能股份有限公司董事会 2025 年 8 月 30 日 根据公司股权激励计划，结合 2024 年度公司层面业绩完成情况， 以及激励对象年度个人绩效评价，281 名首次授予激励对象总计 14,064,780 股第三个限售期限制性股票全部解除限售。授权公司经营 管理层具体办理限制性股票解除限售相关事宜。（具体内容详见同日 披露的《申能股份 ...

证券代码：600642 证券简称：申能股份 公告编号：2025-038 申能股份有限公司 关于A股限制性股票激励计划首次授予部分 第三个限售期及预留授予部分第二个限售期解除限售条件 成就的公告 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。 一、 本激励计划已履行的决策程序及实施情况 （一）本激励计划已履行的决策程序 1、2021年5月28日，公司召开第四十一次（2020年度）股东大会，审议通过《关于 <申能股份有限公司A股限制性股票激励计划（草案）>及其摘要的议案》、《关于制定 公司A股限制性股票激励计划<实施考核办法>与<实施管理办法>的议案》及《关于股东 1 公司 A 股限制性股票激励计划首次授予部分第三个限售期和预留授予部分第 二个限售期解除限售条件成就，符合解除限售条件的激励对象共283名，可 解除限售的限制性股票数量共计14,772,650股，约占公司当前总股本的 0.30% 。 本次 A 股限制性股票办理完解除限售手续后，在上市流通前，公司将发布相 关提示性公告，敬请投资者注意。 大会授权董事会办理A股限制性股票 ...

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Core Viewpoint - The company reported a decline in both revenue and net profit for the first half of 2025 compared to the same period last year [1] Financial Performance - The company's operating revenue for the first half of 2025 was 12.958 billion yuan, representing a year-on-year decrease of 5.28% [1] - The net profit for the same period was 2.077 billion yuan, showing a year-on-year decline of 5.23% [1] - Basic earnings per share were 0.417 yuan, which is a decrease of 6.71% year-on-year [1]

Core Insights - The stock price of Sheneng Co., Ltd. (600642) closed at 8.23 yuan on August 25, 2025, reflecting a 0.61% increase with a turnover rate of 0.51% and a trading volume of 246,700 hands, amounting to 202 million yuan in transaction value [1] Financial Performance - For the first quarter of 2025, Sheneng Co., Ltd. reported total operating revenue of 7.337 billion yuan, a year-on-year decrease of 9.09% - The net profit attributable to shareholders was 1.011 billion yuan, down 12.82% year-on-year - The non-recurring net profit was 871 million yuan, a decrease of 2.27% year-on-year - The current ratio stood at 1.125, the quick ratio at 1.091, and the debt-to-asset ratio at 53.15% [1] Investment and Business Activities - Sheneng Co., Ltd. has made investments in 64 enterprises and participated in 506 bidding projects - The company holds 43 trademark registrations and 22 patents, along with 7 administrative licenses [2]

Core Points - The company is planning to issue convertible bonds to unspecified investors, with a total fundraising target of up to RMB 2 billion [2][17][22] - The bond issuance is aimed at financing specific projects, including a wind power project in Xinjiang, with a total investment of approximately RMB 986.88 million [5][17] - The company has confirmed that it meets all regulatory requirements for issuing convertible bonds, including having a sound organizational structure and sufficient profit to cover interest payments [2][4][6] Group 1: Meeting Agenda - The shareholder meeting will take place on September 4, 2025, at 13:30, with a combination of on-site and online voting [1][2] - Key agenda items include the approval of the convertible bond issuance plan, feasibility analysis of fund usage, and the company's dividend return plan for the next three years [1][2][4] Group 2: Bond Issuance Details - The convertible bonds will have a face value of RMB 100 each and will be issued at par [8][22] - The bonds will have a maturity of six years, with interest paid annually [8][23] - The initial conversion price will be determined based on the average stock price over the 20 trading days prior to the announcement [10][22] Group 3: Fund Utilization - The net proceeds from the bond issuance will be allocated to specific projects, primarily the Xinjiang wind power project [5][17] - If the actual funds raised are less than the planned amount, the company will adjust the funding allocation based on project urgency [17][22] Group 4: Regulatory Compliance - The company has conducted a self-assessment and confirmed compliance with relevant laws and regulations for issuing convertible bonds [2][4] - The issuance plan is subject to approval from the Shanghai Stock Exchange and the China Securities Regulatory Commission [22]

第四十七次（2025 年第二次临时） 股东会文件 申能股份有限公司 二○二五年九月四日 申能股份第四十七次（2025 年第二次临时）股东会文件 文件目录 | 申能股份有限公司第四十七次（2025 年第二次临时）股东会议程.. 5 | | --- | | 关于公司符合向不特定对象发行可转换公司债券条件的议案 7 | | 关于公司向不特定对象发行可转换公司债券方案的议案 11 | | 关于公司向不特定对象发行可转换公司债券预案的议案 25 | | 关于公司向不特定对象发行可转换公司债券方案的论证分析报告的 | | 议案 64 | | 关于公司向不特定对象发行可转换公司债券募集资金使用可行性分 | | 析报告的议案 89 | | 关于公司向不特定对象发行可转换公司债券摊薄即期回报与填补回 | | 报措施及相关主体承诺的议案 106 | | 年）股东分红回报规划的议案 关于公司未来三年（2025 年-2027 117 | | 关于提请股东会授权董事会或其授权人士全权办理本次向不特定对 | | 象发行可转换公司债券相关事宜的议案 122 | | 关于制定《可转换公司债券持有人会议规则》的议案 125 | | 关于修订公 ...

Market Overview - The Shanghai Composite Index is at 3781.13 points, above the annual line, with a change of 0.40% [1] - The total trading volume of A-shares is 1,193.158 billion yuan [1] Stocks Breaking Annual Line - A total of 31 A-shares have surpassed the annual line today, with notable stocks including Meihua Medical, *ST Aowei, and Pianzaihuang, showing divergence rates of 14.13%, 2.94%, and 2.77% respectively [1] - Stocks with smaller divergence rates that have just crossed the annual line include China Wuyi, Huilun Crystal, and Zhuoshengwei [1] Top Stocks by Divergence Rate - Meihua Medical (301363) has a significant increase of 17.30% with a turnover rate of 23.04% and a divergence rate of 14.13% [1] - *ST Aowei (002231) increased by 3.12% with a turnover rate of 7.79% and a divergence rate of 2.94% [1] - Pianzaihuang (600436) rose by 3.70% with a turnover rate of 1.03% and a divergence rate of 2.77% [1] Additional Notable Stocks - Tongrentang (600085) increased by 1.93% with a divergence rate of 1.77% [1] - Maire Medical (300760) rose by 3.40% with a divergence rate of 1.53% [1] - Other stocks with minor divergence rates include Aima Technology (603529) and China Railway Construction (601186) with divergence rates of 1.06% and 0.96% respectively [1]

Investment Rating - The investment rating for the electricity industry is "Positive" [2] Core Viewpoints - The report highlights the implementation of the "136" policy in five regions, leading to significant differentiation in the support for existing and new energy projects [7][10] - Future outlook indicates a need for clarity on pricing mechanisms, which will impact investment enthusiasm in the renewable energy sector [10] Summary by Sections Monthly Special Commentary - Five regions have introduced connection mechanisms, showing clear differentiation in support for existing and new energy projects. Shanxi has a robust protection for existing projects, while Hainan offers moderate support with lower guarantees for new projects. Liaoning provides good protection for existing projects but less favorable terms for new projects. Gansu has limited support for existing projects, and Ningxia offers the least protection overall [8][11] Monthly Sector and Key Listed Company Performance - In July, the electricity and public utilities sector fell by 0.8%, underperforming the broader market, while the Shanghai and Shenzhen 300 index rose by 3.54% [12][15] Monthly Electricity Demand Analysis - In June 2025, total electricity consumption reached 867 billion kWh, with a year-on-year growth of 5.40%. The growth rate for the secondary industry improved, while residential electricity consumption continued to rise [18][20] Monthly Electricity Supply Analysis - National electricity generation in June 2025 increased by 1.70% year-on-year, with coal power generation growing by 1.10% and solar power generation surging by 28.70% [39][40] Monthly Electricity Market Data Analysis - The average purchase price of electricity in August was 384.25 RMB/MWh, reflecting a 1.18% increase month-on-month [39] Investment Recommendations - The report suggests that the electricity sector is poised for profit improvement and value reassessment, particularly as the supply-demand balance stabilizes and new energy installations continue to grow [10][11]