证券代码：600642 证券简称：申能股份 公告编号：2025-028 申能股份有限公司 关于回购注销部分限制性股票及调整限制性股票回购价格 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： 申能股份有限公司（以下简称"公司"） 于 2025年7月18日召开第十一届董事会第 十四次会议，审议通过了《关于回购注销部分限制性股票及调整限制性股票回购价格的 议案》。根据公司第四十一次（2020年度）股东大会和第四十二次（2021年度）股东大 会的授权，公司拟将1名激励对象已获授但尚未解除限售的限制性股票合计15,300股进 行回购注销（以下简称"本次回购注销"）。现将相关事项公告如下： 一、本次限制性股票回购注销的决策程序和相关信息披露情况 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 大会授权董事会办理A股限制 ...

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一、以全票同意，一致通过增补陈涛为董事会战略委员会委员， 任期同本届董事会；调整后董事会战略委员会组成人员为：华士超（主 任委员）、刘炜、陈涛、邵君、秦海岩。 证券代码：600642 股票简称：申能股份 公告编号：2025-027 申能股份有限公司 第十一届董事会第十四次会议决议公告 申能股份有限公司第十一届董事会第十四次会议于 2025 年 7 月 18 日以通讯方式召开。公司于 2025 年 7 月 11 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： 三、以全票同意，一致通过刘先军不再担任公司董事会薪酬与考 核委员会委员职务，增补陈云波为董事会薪酬与考核委员会委员，任 期同本届董事会；调整后董事会薪酬与考核委员会组成人员为：吴柏 钧（主任委员）、陈云波、俞卫锋。 四、以全票同意，一致通过聘任陈皓莹为公司副总裁，任期同本 届董事会。陈皓莹的任职资格已事先经公司独立董事专门会议审议通 申能股份有限公司董事会 二、以全票同意，一致通过增补刘炜为董事会审计委员会委员， 任期同本届董事会；调整后董事会审 ...

Group 1 - Tiande Yu achieved a net profit of 1.52 billion yuan in the first half of 2025, a year-on-year increase of 50.89% [1] - Tiande Yu's operating income for the same period was 12.08 billion yuan, reflecting a growth of 43.35% year-on-year [1] - Fule New Materials plans to reduce its shareholding by up to 1.33%, amounting to 376.25 million shares, due to personal funding needs [1] - Jindi Co. signed an industrial project investment contract with a total investment of no less than 1.5 billion yuan [1] Group 2 - Tuo Xin Pharmaceutical intends to invest 10 million yuan in Jiangsu Jinsan Biotechnology, acquiring a 1.75% stake [1] - Pinming Technology expects a net profit of 28 million to 34 million yuan for the first half of 2025, a year-on-year increase of 231.79% to 302.89% [4] - Shuanglin Co. anticipates a net profit of 251 million to 310 million yuan, representing a growth of 1% to 25% year-on-year [7] Group 3 - Kangxino received approval for clinical trials of its trivalent poliovirus vaccine [8] - Bailian Co. signed a land storage compensation contract worth approximately 2 billion yuan [9] - Wukuang Development plans to issue short-term financing bonds and medium-term notes totaling up to 2 billion yuan each [10] Group 4 - Hengxin Life intends to invest 10 million yuan in a targeted equity investment [12] - Hengyin Technology expects a net profit of 13.5 million to 16.2 million yuan, marking a turnaround from losses [14] - *ST Jinglun anticipates a net loss of 19 million to 22 million yuan for the first half of 2025 [15] Group 5 - Baiyun Electric won a bid for a State Grid project worth 164 million yuan [16] - Zhejiang Energy completed a power generation of 788.48 billion kWh in the first half of 2025, a year-on-year increase of 4.48% [17] - Sheneng Co. reported a power generation of 259.51 billion kWh, a decrease of 1.7% year-on-year [19] Group 6 - Hengerd signed a strategic cooperation framework agreement with Tiangong International [21] - Baotai's application for the listing of Golimumab injection has been accepted by the FDA [23] - Yishitong received a government subsidy of 2 million yuan [24] Group 7 - Jinggong Steel signed a contract worth approximately 550 million yuan for the Jeddah Stadium project in Saudi Arabia [26] - Zhongwang Software received a government subsidy of 28 million yuan [27] - Rongxin Culture used idle funds of 100 million yuan to purchase financial products [29] Group 8 - Lingxiao Pump Industry invested 80 million yuan in financial products [31] - China Pacific Insurance reported a total original insurance premium income of 282 billion yuan from its subsidiaries [32] - Kema Technology expects a net profit of 165 million to 175 million yuan, a year-on-year increase of 18.59% to 25.77% [32] Group 9 - Qujiang Cultural Tourism anticipates a net loss of approximately 13 million to 16.9 million yuan [32] - Daoshi Technology expects a net profit of 220 million to 238 million yuan, a year-on-year increase of 98.77% to 115.03% [32] - Baicheng Medicine forecasts a net profit decline of 95.53% to 100% [33] Group 10 - Bertley plans to invest 198 million yuan to establish a partnership for investments in emerging fields [34] - China Merchants Highway announced the resignation of its chairman due to reaching retirement age [35] - Overseas Chinese Town A reported a 29% decrease in contract sales amount in June [36]

申能股份有限公司 证券代码：600642 股票简称：申能股份 公告编号：2025-026 申能股份有限公司 一、公司控股企业发电量情况 经统计，2025 年上半年公司控股发电企业完成发电量 259.51 亿 千瓦时，同比减少 1.7%。其中： 构影响。 电用天然气安排影响。 式发电完成 16.48 亿千瓦时，同比增加 13.4%，主要是公司新能源项 目装机规模同比增长。 上网电价均价 0.504 元/千瓦时（含税） ，参与市场交易电量 200.80 亿 千瓦时。 公司主要控股发电企业 2025 年上半年发电量情况 公司 装机容量 发电量 上网电 电源 持股 企业项目名称 （万千 （亿千 量（亿千 类型 比例 瓦） 瓦时） 瓦时） （%） 上海外高桥第三发电有限责任公司 40 2×100 50.44 48.88 上海外高桥第二发电有限责任公司（共同控 股） 上海吴泾第二发电有限责任公司 51 63+60 22.86 21.54 煤电 淮北申皖发电有限公司 51 2×66 27.05 25.65 淮北申能发电有限公司 100 135 18.51 17.65 申能吴忠热电有限责任公司 97.43 2×35 15.5 ...

证券代码：600642 股票简称：申能股份 公告编号：2025-026 申能股份有限公司 2025 年上半年控股发电量完成情况公告 一、公司控股企业发电量情况 经统计，2025 年上半年公司控股发电企业完成发电量 259.51 亿 千瓦时，同比减少 1.7%。其中： 1、煤电完成 178.70 亿千瓦时，同比减少 6.8%，主要是受发电结 构影响。 2、天然气发电完成 31.32 亿千瓦时，同比增加 3.5%，主要是发 电用天然气安排影响。 3、风力发电完成 33.01 亿千瓦时，同比增加 19.9%；光伏及分布 式发电完成 16.48 亿千瓦时，同比增加 13.4%，主要是公司新能源项 目装机规模同比增长。 2025 年上半年，公司控股发电企业上网电量 249.66 亿千瓦时， 上网电价均价 0.504 元/千瓦时（含税），参与市场交易电量 200.80 亿 千瓦时。 公司主要控股发电企业 2025 年上半年发电量情况 1 | | 上海外高桥第三发电有限责任公司 上海外高桥第二发电有限责任公司（共同控 | 40 | 2×100 | 50.44 | 48.88 | | --- | --- | --- | -- ...

Investment Rating - The report maintains an "Overweight" rating for the industry [4] Core Viewpoints - The issuance of renewable energy power consumption responsibility weights for 2025 mandates green electricity consumption in five major industries, which is expected to alleviate renewable energy consumption issues [3][11] - The assessment scope has expanded to include steel, cement, polysilicon, and data centers, enhancing the focus on energy-intensive industries [3][12] - The provincial assessment targets for renewable energy consumption responsibility weights will range from 24.2% to 70% in 2025, with 19 provinces aiming for over 30% [3][15] Summary by Sections Industry Trends - The electricity and public utilities index rose by 1.60% during the week, outperforming the CSI 300 index by 0.78 percentage points [5][55] - The report highlights that over half of the listed companies in the electricity and public utilities sector experienced stock price increases [55] Key Industry Insights - The coal price has rebounded to 627 CNY/ton [13] - The inflow and outflow of water at the Three Gorges Dam decreased by 17.86% and 24.19% year-on-year, respectively [31] - The price of silicon materials remained stable, while mainstream silicon wafer prices decreased slightly [39] Investment Recommendations - Focus on the electricity sector due to the high temperatures across the country and the upcoming performance period [3] - Recommended stocks include Huaneng International, Jiantou Energy, Huadian International, and Qingda Environmental Protection, which are expected to have resilient quarterly earnings [3] - Emphasis on undervalued green electricity operators, particularly in Hong Kong and wind power sectors, such as Xintian Green Energy and Longyuan Power [3][8]

Core Viewpoint - The glass insulator market in China is experiencing rapid growth driven by the continuous development of the power infrastructure and the rise of smart grids and renewable energy, with the market size expected to reach 2.641 billion yuan in 2024, a 2.56% increase from 2023 [1][15]. Industry Overview - Insulators are essential components of power systems, providing electrical insulation and mechanical support, typically made from solid insulating materials like ceramics, glass, and composite materials [3]. - Glass insulators, made from tempered glass, are crucial for supporting wires and preventing current leakage, exhibiting excellent resistance to harsh conditions [5]. Market Demand and Supply - The total electricity consumption in China is projected to grow from 7,511 billion kWh in 2020 to 9,852 billion kWh in 2024, leading to increased demand for glass insulators due to accelerated grid construction [9]. - The production of glass insulators is expected to reach 282,500 tons in 2024, reflecting a 1.22% year-on-year increase, driven by significant energy projects [17]. Investment Trends - China's investment in power grid construction is projected to rise from 469.9 billion yuan in 2020 to 608.3 billion yuan in 2024, with a 19.80% increase in the first five months of 2025, indicating a growing demand for glass insulators [13]. Competitive Landscape - The glass insulator market is fragmented, with major players including well-known domestic power equipment manufacturers and specialized insulator manufacturers, leading to intense competition [19]. - Key companies in the industry include Jinlihua Electric, Nanjing Electric Group, Sediver Glass Insulators, and Shandong Ruitai Glass Insulators, among others [20]. Future Development Trends - The glass insulator market is expected to expand due to increasing global energy demands and the need for reliable and efficient power transmission systems, particularly in emerging markets [24]. - The industry's future will focus on green and low-carbon transformations, aligning with national carbon reduction goals, while enhancing international competitiveness through expanded global trade [24].

Investment Rating - The investment rating for the utility sector is "Positive" [2] Core Insights - The report highlights that the renewable energy power consumption responsibility weights for 2025 have been issued, indicating a focus on increasing the use of green electricity in various industries [5] - The LNG import volume in May 2025 decreased by 26.3% year-on-year, while domestic natural gas consumption showed a slight increase of 2.4% [5] - The report suggests that the power sector is expected to see profit improvement and value reassessment due to previous supply-demand tensions [5] Summary by Sections Market Performance - As of July 11, the utility sector rose by 1.1%, outperforming the broader market, with the electricity sector up by 1.10% and the gas sector up by 1.22% [4][12] - Key companies in the electricity sector showed varied performance, with notable increases for companies like Guikuan Electric and Guangdong Electric A [13] Electricity Industry Data Tracking - The price of thermal coal at Qinhuangdao Port (Q5500) increased by 8 CNY/ton week-on-week, reaching 624 CNY/ton [4][21] - Coal inventory at Qinhuangdao Port decreased to 5.6 million tons, down 100,000 tons week-on-week [26] - Daily coal consumption in inland provinces was reported at 3.55 million tons, a decrease of 95,000 tons/day week-on-week [28] Natural Gas Industry Data Tracking - The LNG ex-factory price index in Shanghai was reported at 4,460 CNY/ton, a year-on-year decrease of 1.13% but a week-on-week increase of 1.09% [48] - The European TTF spot price increased by 23.0% year-on-year, reaching 11.86 USD/MMBtu [53] - Domestic natural gas apparent consumption in May 2025 was 36.42 billion cubic meters, a year-on-year increase of 2.4% [5] Industry News - The National Development and Reform Commission and the National Energy Administration issued guidelines for renewable energy consumption responsibilities, emphasizing the use of green electricity in high-energy-consuming industries [5] - The largest medium and shallow coalbed methane field in China has surpassed a cumulative gas production of 20 billion cubic meters [5] Investment Recommendations - The report recommends focusing on national coal power leaders such as Guodian Power, Huaneng International, and Huadian International, as well as regional leaders in tight supply areas [5] - For natural gas, companies with low-cost long-term gas sources and receiving station assets are expected to benefit from market conditions [5]

Group 1 - The core index of the China Securities Index Shanghai State-owned Enterprises rose by 0.42% to 1378.21 points, with a trading volume of 16.32 billion yuan [1] - Over the past month, the index has increased by 1.59%, and over the past three months, it has risen by 3.10%, while it has decreased by 3.35% year-to-date [1] - The index reflects the performance of state-owned enterprises in Shanghai, selected based on profitability, growth potential, and shareholder return levels [1] Group 2 - The top ten weighted stocks in the index include China Pacific Insurance (8.4%), Guotai Junan Securities (6.05%), Shanghai Airport (5.7%), and others [1] - The index is composed entirely of stocks listed on the Shanghai Stock Exchange, with a sector breakdown showing finance at 29.42%, industry at 22.95%, and consumer discretionary at 11.71% [2] - The index samples are adjusted biannually, with changes implemented on the next trading day after the second Friday of June and December [2]