证券代码：600644 证券简称：乐山电力 公告编号：2025-024 乐山电力股份有限公司 第十届董事会第十八次临时会议决议公告 二、董事会会议审议情况 审议通过了《关于公司 2025 年第一季度报告的议案》 表决结果：同意 11 票，反对 0 票，弃权 0 票。 本议案在提交董事会审议前，已经 2025 年 4 月 28 日召开的公司第 十届董事会审计与风险管理委员会第二十二次会议审议通过。 特此公告。 乐山电力股份有限公司董事会 2025 年 4 月 30 日 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、董事会会议召开情况 乐山电力股份有限公司（简称"公司"）于 2025 年 4 月 24 日以电 子邮件方式向董事、监事和高级管理人员发出召开第十届董事会第十八 次临时会议的通知和会议资料。公司第十届董事会第十八次临时会议于 2025 年 4 月 29 日以通讯表决的方式召开，会议应参与表决董事 11 名， 实际参与表决董事 11 名。会议的召开符合《公司法》和公司《章程》 的规定。 全体董事以通讯 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 840,680,254.18, representing a year-on-year increase of 1.58% compared to CNY 827,637,318.11 in the same period last year[4] - The net profit attributable to shareholders was a loss of CNY 1,203,849.90, an improvement of 76.76% from a loss of CNY 5,179,957.23 in the previous year[4] - The basic earnings per share improved by 76.76%, resulting in a loss of CNY 0.0021 per share compared to a loss of CNY 0.0096 per share in the same period last year[4] - The company reported a net loss of RMB 198,064,896.88, slightly widening from a loss of RMB 196,861,046.98 in the previous period[15] - Total operating revenue for Q1 2025 was ¥840,680,254.18, a 1.26% increase from ¥827,637,318.11 in Q1 2024[19] - Net profit for Q1 2025 was -¥2,142,836.05, an improvement compared to -¥4,327,398.40 in Q1 2024, indicating a 50.5% reduction in losses[20] - The company reported a total profit for Q1 2025 of -¥1,870,943.00, compared to -¥1,539,424.37 in Q1 2024[19] Cash Flow and Liquidity - The net cash flow from operating activities improved by 35.07%, with a net outflow of CNY 143,699,249.00 compared to CNY 221,306,123.62 in the same period last year[4] - Operating cash flow for Q1 2025 was -¥143,699,249.00, an improvement from -¥221,306,123.62 in Q1 2024[22] - Cash and cash equivalents at the end of Q1 2025 totaled ¥438,303,805.00, significantly up from ¥97,975,164.40 at the end of Q1 2024[24] - The company's cash and cash equivalents increased to RMB 511,628,805.00 from RMB 301,938,840.68, representing a significant rise of about 69.4%[13] Assets and Liabilities - Total assets at the end of the reporting period were CNY 4,612,523,108.23, an increase of 4.83% from CNY 4,400,117,719.83 at the end of the previous year[5] - The total current liabilities increased to RMB 1,445,044,535.98 from RMB 1,407,773,396.80, showing a growth of about 2.6%[15] - The company’s total liabilities increased to RMB 2,309,403,361.29 from RMB 2,294,998,867.69, reflecting a growth of about 0.6%[15] - The company's short-term borrowings surged to RMB 529,630,000.00 from RMB 313,201,037.78, marking an increase of approximately 69.2%[14][15] Shareholder Equity - The equity attributable to shareholders increased by 10.80%, reaching CNY 2,040,870,782.97 compared to CNY 1,841,930,902.02 at the end of the previous year[5] - The total equity attributable to shareholders increased to RMB 2,040,870,782.97 from RMB 1,841,930,902.02, reflecting a growth of about 10.8%[15] - The company's capital reserve increased to RMB 1,556,059,267.47 from RMB 1,397,581,241.35, showing a significant rise of approximately 11.4%[15] Investment and Income - The company reported a significant increase in investment income by 64.17%, attributed to higher returns from associated companies[6] - The company received government subsidies amounting to CNY 1,185,998.31 during the reporting period, which positively impacted the financial results[6] - The company's long-term investments in equity rose to RMB 503,522,455.71 from RMB 496,309,792.47, indicating an increase of approximately 1.5%[14] Operational Efficiency - The company's management indicated ongoing efforts to improve operational efficiency and reduce costs in future quarters[21] - Total operating costs for Q1 2025 were ¥848,667,228.74, up from ¥833,218,169.92 in Q1 2024, reflecting a 1.67% increase[19] Shareholder Base - The number of ordinary shareholders at the end of the reporting period was 35,416, indicating a stable shareholder base[9]

乐山电力（600644）公告，2025年第一季度营收为8.41亿元，同比增长1.58%；净亏损120.38万元，去 年同期净亏损518万元。 ...

Group 1 - Major index companies have reduced the "authorization fees" for index products, including lowering annual basis point rates and expanding the range of index products without a quarterly minimum fee [1] - Several funds announced a temporary suspension of subscriptions before the May Day holiday, with resumption set for May 6, primarily affecting bond funds, money market funds, and interbank certificate index funds [1] - In April, 11 new fund products each exceeded 1 billion units in issuance, totaling 26.3 billion units, which accounted for 72% of the new fund issuance scale for the month [1] Group 2 - Notable fund manager Zhu Shaoxing increased his stake in Shengjian Medical, with his fund holding an additional 1.1035 million shares compared to the end of last year [2] - Zhang Kun's fund significantly increased its holdings in SF Holding, with 35 million shares representing a 0.7% stake as of the end of the first quarter [2] Group 3 - The ETF market experienced slight fluctuations, with the Shanghai Composite Index down 0.05% and the Shenzhen Component Index down 0.05%, while the ChiNext Index fell by 0.13% [2] - The automotive parts-related ETFs showed strength, with a peak increase of 1.96% [3] - Electric power stocks collectively adjusted, with Leshan Electric hitting the daily limit down, and related ETFs experiencing declines, with the highest drop at 2.23% [5] Group 4 - Analysts suggest that the electric power and public utility sectors are foundational industries with stable performance, recommending long-term investment in large hydroelectric and nuclear power companies [6] - A new fund, the GF SSE Sci-Tech Innovation Board 100 ETF, is set to launch, managed by Luo Guoqing, with a performance benchmark based on the SSE Sci-Tech Innovation Board 100 Index [7]

Market Overview - The three major A-share indices experienced slight declines, with the Shanghai Composite Index down 0.05%, the Shenzhen Component Index down 0.05%, and the ChiNext Index down 0.13%. The North Star 50 Index, however, rose by 1.24% [1] - The total market turnover was 1.0417 trillion yuan, a decrease of 35 billion yuan compared to the previous day, with over 3,500 stocks rising across the market [1] Sector Performance - The PEEK materials, beauty care, chemical products, humanoid robots, and agricultural machinery sectors saw the largest gains, while the electricity, insurance, liquor, port shipping, controllable nuclear fusion, and coal sectors experienced the most significant declines [2] - Notable stocks included PEEK materials concept stocks such as Juyuan Long (301131), Xinhang New Materials (301076), and Zhongxin Fluorine Materials (002915), which all hit the daily limit [2] - The beauty care sector saw strong afternoon performance with stocks like Marubi Biotechnology (603983) hitting the daily limit, while other notable gainers included Babi Co., Jinbo Biological, and Shanghai Jahwa (600315) [2] Stock Highlights - Step by Step (002251) and Maoye Commercial (600828) both achieved a "limit-up" performance in the afternoon, showcasing significant market interest [2] - The electricity sector faced a downturn, with stocks like Shaanxi Energy (000601), Leshan Electric Power (600644), and Xichang Electric Power (600505) hitting the daily limit down [2] - The liquor sector also lagged, with Yingjia Gongjiu (603198) hitting the daily limit down, and other major players like Yanghe Brewery (002304) and Gujing Gongjiu (000596) showing significant declines [2] Notable Trends - The "hot stock list" featured companies like Step by Step, Hongbaoli, and Maoye Commercial, with respective gains of 4.15%, 5.81%, and 10.02% [7] - The "strong wind direction list" highlighted sectors such as new energy vehicles, chemical products, and robotics, with multiple stocks hitting the daily limit [11][12][13] Economic Indicators - The People's Bank of China conducted a reverse repurchase operation of 340.5 billion yuan for a 7-day term at an interest rate of 1.50% to maintain liquidity in the banking system [32] - The Ministry of Commerce reported that China's service trade totaled 19,741.8 billion yuan in the first quarter, reflecting a year-on-year growth of 8.7% [33]

Market Overview - The three major A-share indices showed mixed performance in the morning session, with the Shanghai Composite Index down 0.03%, the Shenzhen Component Index up 0.09%, and the ChiNext Index up 0.05% [1] - The total market turnover for the half-day was 657.5 billion yuan, a decrease of 71.1 billion yuan compared to the previous day [1] - Over 3,700 stocks in the market experienced an increase [1] Sector Performance - The PEEK materials, beauty care, chemical environmental protection, auto parts, and soybean sectors led the gains, while the electricity, insurance, liquor, precious metals, port shipping, and duty-free shop sectors saw declines [2] - PEEK materials stocks surged collectively, with companies like Juhua Long (301131), Xinhang New Materials (301076), and Zhongxin Fluorine Materials (002915) hitting the daily limit [2] - The chemical environmental protection sector also performed strongly, with United Chemical (301209) reaching a new historical high [2] - The electricity sector faced adjustments, with multiple stocks such as Shao Neng Co. (000601) and Leshan Electric Power (600644) hitting the daily limit down [2] Notable Stocks - Friend Group (601686) opened up 9.55% after reporting a 9680% year-on-year increase in net profit for the first quarter [20] - The stock of Step by Step High (002251) and others in the duty-free shop sector hit the daily limit down [2] Economic Indicators - In the first quarter of 2025, China's service trade totaled 19,741.8 billion yuan, reflecting a year-on-year growth of 8.7% [29] - The knowledge-intensive service trade maintained growth, with a total of 7,524.9 billion yuan, an increase of 2.6% [29] - Travel services showed the fastest growth, with imports and exports reaching 584.9 billion yuan, up 21.8% [29] Policy and Initiatives - The People's Bank of China conducted a 3,405 billion yuan reverse repurchase operation to maintain reasonable liquidity in the banking system [29] - The National Development and Reform Commission allocated 810 billion yuan in special long-term bonds to support the consumption of old goods [31]

Market Overview - The total trading volume of the Shanghai and Shenzhen stock markets exceeded 500 billion yuan, indicating strong market activity [1] - The A-share market opened slightly lower, with the Shanghai Composite Index down 0.07% and the Shenzhen Component Index up 0.03% [1] Sector Performance - The robotics sector showed significant strength, with related stocks experiencing sharp increases and some hitting the daily limit [6][12] - The chemical and chemical engineering sector also saw continuous gains, particularly in the PEEK materials segment, which performed strongly [14][15] - Electric power stocks faced a collective downturn, with several stocks hitting the daily limit down, including Shaoneng Co., Leshan Electric Power, and others [18] Notable Stocks - Stocks such as Aotuo Electronics, Yinbao Xingshan, and Tianqi Co. rapidly surged to their daily limit [12] - PEEK materials index rose by 8.73%, with a trading volume of 7.08 billion yuan, indicating strong investor interest [15] - Specific stocks like Fuheng New Materials and Jusa Long saw increases of over 20% [17] Investment Insights - According to Guojin Securities, the humanoid robot sector is entering a mass production phase, which is expected to benefit upstream core chemical new materials, including high-end engineering plastics like PEEK and others [17]

Market Overview - The market experienced a dull and slight fluctuation, with the Shanghai Composite Index down 0.07%, while the Shenzhen Component and ChiNext Index rose by 0.39% and 0.59% respectively, indicating a mixed performance overall [4] Real Estate Sector - The real estate sector showed initial strength with stocks like Nanguo Real Estate and Yucheng Development hitting the limit up, but faced significant pullbacks in the afternoon [3] E-commerce Sector - The cross-border e-commerce sector saw localized surges, with companies like Shengyibao and Xunxing Co. experiencing notable gains [3] Power Sector - The power sector demonstrated consistent strength, with multiple companies such as Huayin Power and Xichang Power achieving consecutive limit up days, and the thermal and hydropower segments rising by 2.66% and 3.83% respectively [20][21] Home Appliance Sector - The home appliance sector showed localized strength, with companies like Dongbei Group and Whirlpool achieving limit up. Whirlpool reported a net profit of 116 million yuan for Q1, a year-on-year increase of over 1000% [9][10] - The overall home appliance sector rose nearly 1% by the end of the day, driven by strong Q1 reports from Whirlpool and Kangsheng Co. [8][10] Semiconductor Sector - The semiconductor sector experienced a slight uptick following reports of certain tax exemptions for semiconductor imports, although the overall market sentiment appeared chaotic [17][18] Company-Specific Highlights - Tuowei Information reported a significant Q1 profit increase of 979.75% despite a net loss of 100 million yuan for the previous year, leading to a strong market reaction with the stock hitting the limit up [14] - Companies like Ganli Pharmaceutical and Xingfu Blue Sea also showed strong performance, contributing to the overall market dynamics [13]

Core Viewpoint - The green power sector has shown a positive performance with a 1.35% increase, ranking 7th among concept sectors, driven by significant gains in several stocks [1][2]. Group 1: Stock Performance - 211 stocks within the green power sector experienced gains, with notable performers including Jiuzhou Group, which hit a 20% limit up, and Huayin Power, Huadian Energy, and Dongbei Group also reaching their limit up [1]. - Other significant gainers included Tianfu Energy, Chengfa Environment, and Leshan Power, which rose by 9.13%, 8.33%, and 7.15% respectively [1]. - Conversely, stocks such as Xingguang Co., Shengyuan Environmental Protection, and Jinming Precision Machinery faced declines of 9.76%, 5.91%, and 5.70% respectively [1]. Group 2: Capital Inflow - The green power sector attracted a net inflow of 1.756 billion yuan, with 133 stocks receiving net inflows, and 10 stocks exceeding 100 million yuan in net inflow [2]. - Jiuzhou Group led the inflow with 388 million yuan, followed by Mingxing Power and Changyuan Power with inflows of 384 million yuan and 192 million yuan respectively [2]. - The top stocks by net inflow ratio included Dongbei Group, Huayin Power, and Huangshi Group, with net inflow ratios of 70.07%, 69.64%, and 44.50% respectively [3].

截至发稿，九洲集团、华银电力、华源电力等6股涨停，明星电力、郴电国际、湖南发展等涨幅居前。 4月25日，电力板块再度拉升，截至发稿，九洲集团、华银电力、华源电力等6股涨停，明星电力、郴电 国际、湖南发展等涨幅居前。 | 代码 | 名称 | 涨幅号 | 现价 | | --- | --- | --- | --- | | 300040 | 九洲集团 | +19.97% | 7.81 | | 600744 | 华银电力 | +10.13% | 4.24 | | 000966 | 长源电力 | +10.00% | 5.61 | | 600505 | 西昌电力 | 49.99% | 19.04 | | 000601 | 韶能股份 | +9.98% | 6.94 | | 600396 | 华电订能 | 49.85% | 3.01 | | 600644 | 乐山电力 | 49.02% | 14.02 | | 600869 | 椰电国际 | +7.93% | 8.72 | | 600101 | 明星电力 | +7.45% | 12.69 | | 000722 | 湖南发展 | 45.85% | 12.49 | | 600780 ...