Core Viewpoint - Leshan Electric Power Co., Ltd. is making significant progress in its transformation towards new energy projects, particularly with the successful integration of its virtual power plant into the Sichuan power load management system, enhancing its capabilities in power regulation and market participation [2][3]. Group 1: Virtual Power Plant Development - Leshan Electric Power has officially connected its virtual power plant to the Sichuan power load management center, marking a significant milestone in its operational capabilities [2]. - The virtual power plant project has a total capacity of 216.61 MW and an adjustable load capacity of 20 MW, integrating various commercial users, energy storage stations, and charging piles [2][3]. - The next phase involves the establishment of a power trading platform by its subsidiary, Sichuan Ledian New Energy Technology Co., Ltd., which is expected to enter formal operation after the public announcement period [2]. Group 2: Strategic Focus and Future Plans - The company aims to accelerate the large-scale application of virtual power plants through three core areas: new energy storage, intelligent operation and maintenance, and power trading, leveraging "computational power empowerment + ecological construction" [3]. - Leshan Electric Power is also focusing on building a provincial-level virtual power plant ecosystem to contribute to carbon neutrality goals and the construction of a new power system [3]. Group 3: Renewable Energy Projects - The company has completed the first "solar-charging integrated" demonstration project at a parking lot in Chengdu, which combines photovoltaic power generation with charging stations, marking a significant step in promoting green transportation [3]. - Leshan Electric Power has successfully won a bid for a 100 MW/200 MWh independent energy storage project in Xinjin District, showcasing its comprehensive capabilities in energy storage applications across various sectors [4]. - The independent energy storage project utilizes advanced electrochemical storage technology and is designed to enhance regional renewable energy consumption and grid stability [4].

Core Viewpoint - Leshan Electric Power has made significant advancements in its business operations, particularly in virtual power plants, energy storage, and solar energy projects, indicating a strong commitment to transforming its energy services and enhancing market competitiveness [1][2][3]. Group 1: Virtual Power Plant Developments - Leshan Electric Power has officially connected its virtual power plant to the new load management system of the Sichuan Provincial Power Load Management Center, marking a key milestone in its operational capabilities [1]. - The virtual power plant project has integrated various entities, including industrial and commercial users, energy storage stations, and charging piles, achieving a total capacity of 216.61 MW with a load adjustment capability of 20 MW [1]. Group 2: Energy Storage Projects - Leshan Electric Power's subsidiary, LeDian New Energy, has successfully won a bid for a 100 MW/200 MWh independent energy storage project, marking a breakthrough in external grid-side energy storage operations [2]. - The total operational capacity of LeDian New Energy's grid-side energy storage now stands at 200 MW, making it the largest in Sichuan Province [2]. Group 3: Solar Energy Initiatives - The company has completed the construction of its first "solar-charging integrated" demonstration project at a parking lot for Sichuan Electric Vehicle Co., which is designed to maximize green energy output [2]. - This solar project is expected to generate enough electricity to meet the charging needs of approximately 800 electric vehicles annually, reducing carbon dioxide emissions by nearly 130 tons each year [2]. Group 4: Strategic Development Plans - Leshan Electric Power has outlined a "33221" development strategy for 2024, focusing on new energy, new industries, and new platforms to strengthen and expand its operations [3]. - The company is actively pursuing transformation by expanding into new energy storage, virtual power plants, and innovative service sectors, with early investments beginning to yield positive results [3]. Group 5: Market Recognition and Financial Performance - The company's transformation strategy has gained recognition in the capital market, successfully raising nearly 200 million yuan through a private placement earlier this year [4]. - Since April, Leshan Electric Power's stock price has increased by 109.64%, with a maximum cumulative increase of 183.91% during this period [5]. Group 6: Future Outlook - In 2025, Leshan Electric Power plans to deepen its transformation efforts by enhancing energy storage collaboration across various sectors and accelerating project development throughout Sichuan Province [6]. - The company aims to strengthen its design, construction, and operation and maintenance supply chain in the energy sector [6].

乐山电力股份有限公司 关于持股 5%以上股东权益变动的提示性公告 股东天津渤海信息产业结构调整股权投资基金有限公司保证向本公司提供的信 息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息一致。 重要内容提示 ● 本次权益变动为持股 5%以上股东天津渤海信息产业结构调整股权投资 基金有限公司（简称"渤海基金"）通过集中竞价方式减持乐山电力股份有限 公司（简称"公司"）股份，上述股份为渤海基金参与公司非公开发行股票而 取得，均为无限售条件流通股。本次权益变动后，渤海基金持有公司股份数量 由 58,899,498 股减少至 57,832,098 股，持股比例从 10.18%变动至 10.00%。 一、权益变动的基本情况 公司于 2025 年 6 月 30 日收到持股 5%以上股东渤海基金《关于减持乐山 电力股份触及 1%的告知函》和《简式权益变动报告书》，其于 2025 年 6 月 30 日通过集中竞价方式减持参与公司非公开发行股票而取得的股份，减持公司无 限售条件流通股 1,067,400 股，占公司总股本的 0.18%。其持有公司股份比 例由 ...

乐山电力股份有限公司 简式权益变动报告书 上市公司名称：乐山电力股份有限公司 股票上市地点：上海证券交易所 股票简称：乐山电力 股票代码：600644 信息披露义务人：天津渤海信息产业结构调整股权投资基金有限公司 住所：天津市河北区胜利路405-411号A区101室A 通讯地址：天津市和平区大理道115号 股份变动性质：股份减少 签署日期：2025年7月1日 1 信息披露义务人声明 一、本报告书系信息披露义务人依据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司收购管理办法》《公开发行证券的公司信息披露内容 与格式准则第15号——权益变动报告书》等相关法律、法规和规范性文件编制。 二、依据《中华人民共和国证券法》《上市公司收购管理办法》的规定，本 报告书已全面披露信息披露义务人在乐山电力股份有限公司中拥有权益的股份。 截至本报告书签署之日，除本报告书披露的持股信息外，信息披露义务人没有通 过任何其他方式在乐山电力股份有限公司拥有权益。 三、信息披露义务人签署本报告书已获得必要的授权和批准，其履行亦不违 反信息披露义务人章程或内部规则中的任何条款，或与之相冲突。 第二节 信息披露义务人介绍 四、本次 ...

2025.06. 25 本文字数：2088，阅读时长大约3分钟 作者 | 第一财经 王媛丽 半年不到的时间，累计上涨超过120%，股价创下十年新高，乐山电力（600644.SH）今年以来的走 势，将电力板块同期3.55%的涨幅，远远甩在了身后。 股价登顶的过程中，重要股东也在出手套现。该公司6月23日公告，持股5%以上股东天津渤海信息 产业基金（下称"天津渤海"）再度大幅减持901.35万股。今年以来，天津渤海已累计减持2057.07万 股。按照减持区间成交均价计算，天津渤海累计套现约2.88亿元。 股价虽然大幅飙高，但乐山电力主要业务持续承压。2024年，该公司净利润同比下滑7.11%，今年 一季度亏损120万元。而开展的储能相关新业务在营收中的占比仅有3.8%。但由于市场对其龙泉驿 储能电站夏季投产抱有预期，叠加四川新型储能政策催化，推动该股估值飙升至296倍（TTM），远 超行业均值的27倍。随着重要股东减持、定增参与浮盈高达140%的持股即将解禁，"转型故事"堆积 起来的高估值，还能维持多久也充满悬念。 大股东高位套现近3亿 根据乐山电力公告，天津渤海已于23日通过集合竞价方式减持901.35万股，占 ...

Core Viewpoint - The major shareholder of Leshan Electric, Tianjin Bohai, has significantly reduced its stake, selling 9.0135 million shares, totaling 20.5707 million shares this year, cashing out approximately 288 million yuan, despite the company's stock price soaring over 120% this year, reaching a ten-year high [1][2][5]. Group 1: Shareholder Actions - Tianjin Bohai has reduced its holdings from 13.74% to 10.18%, becoming the fourth largest shareholder after the recent sell-off [2][4]. - The cumulative cash-out from the share reductions amounts to approximately 288 million yuan, with the latest reduction occurring on June 23 [2][3]. Group 2: Stock Performance - Leshan Electric's stock price has increased over 120% this year, significantly outperforming the electricity sector's average increase of 3.55% [1][2]. - The stock reached a ten-year high, with a price-to-earnings ratio (TTM) of 296, far exceeding the industry average of 27 [1][6]. Group 3: Business Performance and Challenges - Despite the stock price surge, Leshan Electric's core business is under pressure, with a projected net profit decline of 7.11% in 2024 and a loss of 1.2038 million yuan in Q1 [1][5]. - The company's traditional power business has seen a significant drop in gross margin, from 25.27% in 2020 to 12.87% in 2024, while new energy initiatives like storage have not yet provided substantial revenue [5][6]. Group 4: Strategic Initiatives - Leshan Electric is focusing on a strategic shift towards energy storage, with plans to integrate virtual power plants, photovoltaics, and storage into a comprehensive energy platform [2][5]. - The company has initiated a 100MW/200MWh electrochemical energy storage project in Longquanyuan, which is expected to generate significant annual revenue once operational [5][6].

证券代码：600644 证券简称：乐山电力 公告编号：2025-037 乐山电力股份有限公司 乐山电力股份有限公司（简称"公司"）于 2025 年 6 月 18 日以 电子邮件方式向董事、监事和高级管理人员发出召开公司第十届董事 会第十九次临时会议的通知和会议资料。公司第十届董事会第十九次 临时会议于 2025 年 6 月 23 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。 二、董事会会议审议情况 审议通过了《关于聘任公司副总经理的议案》 表决结果：同意 11 票，反对 0 票，弃权 0 票。 根据总经理邱永志提名，经董事会提名委员会审查，董事会决定 聘任张泽秋为公司副总经理。张泽秋简历附后。 第十届董事会第十九次临时会议决议公告 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： ?全体董事以通讯表决方式出席本次董事会会议。 ?无董事对本次董事会议案投反对票或弃权票。 ?本次董事会审议的议案获全票同意通过。 一、董事会会议召开 ...

证券代码：600644 证券简称：乐山电力 公告编号：2025-038 乐山电力股份有限公司 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。 二、权益变动触及 1%刻度的基本情况 关于持股 5%以上股东权益变动触及 1%刻度的 提示性公告 股东天津渤海信息产业结构调整股权投资基金有限公司保证向本公司提供的信 息真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会 ...

证券代码：600644 证券简称：乐山电力 公告编号：2025-037 乐山电力股份有限公司 第十届董事会第十九次临时会议决议公告 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： 全体董事以通讯表决方式出席本次董事会会议。 无董事对本次董事会议案投反对票或弃权票。 本次董事会审议的议案获全票同意通过。 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 6 月 18 日以 电子邮件方式向董事、监事和高级管理人员发出召开公司第十届董事 会第十九次临时会议的通知和会议资料。公司第十届董事会第十九次 临时会议于 2025 年 6 月 23 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。 二、董事会会议审议情况 审议通过了《关于聘任公司副总经理的议案》 表决结果：同意 11 票，反对 0 票，弃权 0 票。 根据总经理邱永志提名，经董事会提名委员会审查，董事会决定 聘任张泽秋为公司副总经理。张泽秋简历附后。 ...

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。 乐山电力股份有限公司（以下简称"公司"）董事会收到副总经 理吴英俊先生的书面辞职报告，吴英俊先生因工作调动原因，申请辞 去公司副总经理的职务。辞职后，吴英俊先生不在公司及子公司担任 任何职务。 | 姓名 | 离任职务 | 离任时间 | 原定任期到 | 离任原因 | 是否继续在上市 公司及其控股子 | 具体职务（如 | 是否存在未 履行完毕的 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 期日 | | | 适用） | | | | | | | | 公司任职 | | 公开承诺 | | 吴英俊 | 副总经理 | 2025.06.18 | 2025.05.22 | 工作调动 | 否 | 否 | 否 | 证券代码：600644 证券简称：乐山电力 公告编号：2025-036 乐山电力股份有限公司 关于副总经理离任的公告 一、提前离任的基本情况 公司于2025年5月21日在上海证券交易所网站（www.sse.com.cn ...