9月18日，乐山电力盘中下跌2.07%，截至13:47，报11.33元/股，成交1.35亿元，换手率2.04%，总市值 65.52亿元。 资料显示，乐山电力股份有限公司位于四川省乐山市市中区嘉定北路46号，成立日期1988年5月17日， 上市日期1993年4月26日，公司主营业务涉及电力、天然气、自来水、宾馆等。主营业务收入构成为： 电力业务72.54%，天然气业务15.30%，自来水业务5.68%，新兴业务3.91%，其他(补充)2.56%。 乐山电力所属申万行业为：公用事业-电力-电能综合服务。所属概念板块包括：水电概念、天然气、小 盘、污水处理、西部开发等。 截至6月30日，乐山电力股东户数9.97万，较上期增加181.60%；人均流通股5398股，较上期减少 64.49%。2025年1月-6月，乐山电力实现营业收入16.23亿元，同比增长1.94%；归母净利润790.31万元， 同比减少14.55%。 分红方面，乐山电力A股上市后累计派现2.16亿元。近三年，累计派现0.00元。 责任编辑：小浪快报 资金流向方面，主力资金净流出1856.46万元，特大单买入142.11万元，占比1.06%，卖出239 ...

Core Viewpoint - The announcement details a significant reduction in shareholding by a major shareholder of Leshan Electric Power Co., Ltd., which has triggered a 1% threshold in equity change [1][2]. Group 1: Shareholder Information - The major shareholder involved is Tianjin Bohai Information Industry Structural Adjustment Equity Investment Fund Co., Ltd., which holds over 5% of the company's shares [1]. - There are no associated parties or concerted actions with the shareholder [1]. Group 2: Equity Change Details - From July 8 to September 3, 2025, the shareholder reduced its holdings by a total of 6,151,917 shares, representing 1.06% of the total share capital [1]. - Specifically, on July 8, 5,500,017 shares were sold, reducing the shareholder's stake from 10.00% to 9.05% [1]. - On September 3, an additional 651,900 shares were sold, further decreasing the stake to 8.94% [1]. Group 3: Impact on Company Governance - The equity change is not expected to have a significant impact on the company's governance structure or its ongoing operations [1]. - There will be no change in the controlling shareholder or actual controller as a result of this equity change [1].

Core Viewpoint - Leshan Electric Power (600644.SH) announced a reduction in shareholding by a major shareholder, Tianjin Bohai Information Industry Structural Adjustment Equity Investment Fund Co., Ltd, which will impact the company's stock ownership structure [1] Group 1: Shareholding Changes - The shareholder plans to reduce its stake by a total of 6,151,917 shares, representing 1.06% of the company's total share capital [1] - On July 8, the shareholder reduced its holdings by 5,500,017 shares, which is 0.95% of the total share capital, decreasing its ownership from 10.00% to 9.05% [1] - On September 3, the shareholder further reduced its holdings by 651,900 shares, accounting for 0.11% of the total share capital, bringing its ownership down from 9.05% to 8.94% [1]

证券代码：600644 证券简称：乐山电力 公告编号：2025-052 重要内容提示： 权益变动方向 比例增加□ 比例减少☑ 权益变动前合计比例 10.00% 权益变动后合计比例 8.94% 本次变动是否违反已作出的承诺、意向、 计划 是□ 否☑ 是否触发强制要约收购义务 是□ 否☑ 一、信息披露义务人及一致行动人的基本信息 1.身份类别 □控股股东/实际控制人及其一致行动人 √其他 5%以上大股东及其一致行动人 □合并口径第一大股东及其一致行动人（仅适用于无控股 股东、实际控制人） □其他 （请注明） 投资者及其一致行动人的身份 2.信息披露义务人信息 | 信息披露义务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | | □ | 控股股东/实控人 | | | 天津渤海信息产业结构调 | □ | 控股股东/实控人的一致 | ☑ 91120105596143669U | | 整股权投资基金有限公司 | 行动人 | | □不适用 | | | ☑ | 其他直接持股股东 | | 上述信息披露义务人无一致行动人。 乐山电力股份有限公司 关于持股 5%以上股东权 ...

Group 1 - The A-share market experienced a general decline in power stocks, with Huayin Power and Jinko Technology dropping over 6% [1] - Zhaoxin Co., Huaguang Huaneng fell more than 5%, while Meiyan Jixiang decreased by 4% [1] - Leshan Electric, Guang'an Aizhong, Jiawei New Energy, and Jidian Co. all saw a decline of 3% [1]

Core Insights - Leshan Electric Power reported a significant increase in shareholder accounts, reaching 99,730 as of June 30, 2025, an increase of 64,314 accounts or 181.6% compared to March 31, 2025 [1][2] - The average number of shares held per account decreased from 16,300 shares to 5,799 shares, with an average market value of 80,700 yuan per account [1][2] - The stock price of Leshan Electric Power increased by 109.64% from March 31, 2025, to June 30, 2025, coinciding with the increase in shareholder accounts [1][2] Company Performance - As of June 30, 2025, the average number of shareholder accounts in the electric power industry was 109,000, indicating that Leshan Electric Power's shareholder accounts are below the industry average [1] - The average market value of shares held by shareholders in the electric power A-share listed companies was 290,000 yuan, which is significantly higher than that of Leshan Electric Power [1] Capital Flow - During the period from March 31, 2025, to June 30, 2025, the net outflow of main funds from Leshan Electric Power was 1.074 billion yuan, while retail investors saw a net inflow of 2.344 billion yuan [2] - The stock appeared on the trading leaderboard 10 times during this period, indicating notable trading activity [2] - Over the last three months, there was a net outflow of 55.29 million yuan in financing, with a decrease in financing balance, while there was no net inflow in short selling [2]

Core Insights - Leshan Electric Power reported a revenue of 1.623 billion yuan for the first half of 2025, representing a year-on-year growth of 1.94% [1] - The net profit attributable to shareholders was 7.9031 million yuan, with a non-recurring net profit of 6.27 million yuan, showing a significant increase of 66.35% year-on-year [1] Traditional Business Performance - The company achieved a power generation of 24,575 million kWh and a sales volume of 228,743 million kWh during the reporting period [1] - Gas sales reached 9,190 million cubic meters, while water sales amounted to 3,084 million cubic meters, indicating stable performance across various business segments [1] Emerging Business Developments - The company successfully launched the 100MW/200MWh electrochemical energy storage project in Longquanyi District in July 2025, which is now undergoing network testing before commercial operation [2] - The company’s subsidiary, LeDian New Energy, won a bid for a 100MW/200MWh independent energy storage project in Chengdu, with a total of 8 user-side projects and 4 district-side projects currently in operation [2] - A "solar charging integration" demonstration project was completed in May 2025, featuring a total photovoltaic area of 1,469 square meters and an installed capacity of 205.7 kW, expected to generate approximately 160,000 kWh annually [2] Virtual Power Plant and Financial Adjustments - Leshan Electric Power's virtual power plant was integrated into the new load management system in June 2025, becoming the first in Leshan and one of the first in the province [3] - The platform has successfully aggregated a capacity of 526,200 kVA and an adjustable capacity of 142,500 kW from various entities [3] - The company plans to use surplus reserves and capital reserves to offset accumulated losses due to historical bankruptcies of subsidiaries, aiming to improve financial conditions and enhance investor returns [3]

Core Viewpoint - The company plans to use its capital reserve to offset accumulated losses, aiming to improve its financial condition and enhance investor returns [4][5][34]. Company Overview - The company, Leshan Electric Power Co., Ltd., reported a negative retained earnings of CNY 531,917,431.97 as of December 31, 2024, primarily due to the bankruptcy of its former subsidiaries [4][5]. - The company will not distribute profits or increase capital reserves in 2025 [1]. Financial Data - As of the end of the reporting period, the company had a surplus reserve of CNY 123,023,162.30 and a capital reserve of CNY 1,378,055,899.65 [4][5]. - The total amount to be used for offsetting losses is CNY 531,917,431.97, which includes the surplus reserve and part of the capital reserve [5]. Important Matters - The board of directors and the supervisory board have approved the proposal to use the capital reserve to offset losses, which will require shareholder approval [7][34]. - The company has reported that it will not change its fundraising projects [15]. Fundraising and Usage - The company raised CNY 199,999,996.59 through a simplified procedure for issuing A-shares, with a net amount of CNY 198,133,651.71 after deducting issuance costs [9][10]. - As of June 30, 2025, the company has used CNY 29,291,740.10 of the raised funds, leaving a balance of CNY 169,322,544.79 [10][14]. Management of Funds - The company has established a three-party supervision agreement for the management of raised funds, ensuring compliance with regulatory requirements [11].

Core Viewpoint - Leshan Electric Power (SH 600644) reported a slight increase in revenue for the first half of 2025, but a decline in net profit and earnings per share, indicating potential challenges in profitability despite revenue growth [1]. Financial Performance - The company's revenue for the first half of 2025 was approximately 1.623 billion yuan, representing a year-on-year increase of 1.94% [1]. - The net profit attributable to shareholders was around 7.9 million yuan, showing a year-on-year decrease of 14.55% [1]. - Basic earnings per share were 0.014 yuan, which is a decline of 18.6% compared to the previous year [1].

Group 1 - The company reported a revenue of 1.623 billion yuan for the first half of the year, representing a year-on-year increase of 1.94% [1] - The net profit attributable to shareholders of the listed company was 7.9031 million yuan, showing a year-on-year decline of 14.55% [1] - The basic earnings per share were 0.014 yuan per share [1]