Core Viewpoint - JuLeNeng Electric Power (Cangzhou) Co., Ltd. is involved in a lawsuit concerning a construction contract dispute, with the claim amounting to 194 million yuan [1][2]. Group 1: Lawsuit Details - The lawsuit is initiated by the plaintiff, the Eleventh Design and Research Institute of Information Industry, claiming a total of 137 million yuan in unpaid project fees, along with additional claims for other costs and interest [2]. - The project in question is the 110MW agricultural-solar complementary project, which began construction in November 2020 [1][2]. - The lawsuit arises from significant delays in construction progress, reduced project scale, and incomplete procedures, leading to disputes over project settlement [1]. Group 2: Company Background - JuLeNeng was established in May 2020 with a registered capital of 150 million yuan, focusing on solar and wind power generation [3]. - The company is primarily owned by Sichuan Shengtian New Energy Development Co., Ltd., which holds 99.93% of its shares, with major shareholders including Xin Zhu Co., Ltd. (51.6%), TCL Zhonghuan (26.8%), and Leshan Electric Power (21.6%) [3]. - Both Xin Zhu and Leshan Electric Power have indicated that the impact of the lawsuit on their current and future profits remains uncertain [3].

证券代码：600644 证券简称：乐山电力 公告编号：2025-053 乐山电力股份有限公司 关于参股公司涉及诉讼的公告 一、本次诉讼事项受理的基本情况 桔乐能于2025 年9月 22日收到河北省沧州市中级人民法院受理本案的《应 诉通知书》等案件材料，案号为（2025）冀 09 民初 51 号。本次诉讼事项受理 的基本情况如下： （一）诉讼各方当事人情况 1.原告：信息产业电子第十一设计研究院科技工程股份有限公司（以下简 称"十一科技"） 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： 1.案件所处的诉讼阶段：法院已受理。 2.上市公司所处的当事人地位：乐山电力股份有限公司（以下简称"公司"） 参股公司四川晟天新能源发展有限公司（以下简称"晟天新能源"，公司持股 21.60%）的控股子公司桔乐能电力（沧州）有限公司（以下简称"桔乐能"）为 被告。 3.涉案的金额：194,133,062.16 元（截至 2025 年 9 月 10 日）。 4.对上市公司损益产生的影响：本次案件尚未开庭审理，对公司本期利润 或期后 ...

Core Viewpoint - Leshan Electric Power's stock has experienced fluctuations, with a year-to-date increase of 85.13%, but recent declines in the short term indicate potential volatility in investor sentiment [1][2]. Financial Performance - For the first half of 2025, Leshan Electric Power reported revenue of 1.623 billion yuan, reflecting a year-on-year growth of 1.94% [2]. - The company's net profit attributable to shareholders was 7.9031 million yuan, showing a year-on-year decrease of 14.55% [2]. Stock Market Activity - As of September 18, the stock price was 11.33 yuan per share, with a market capitalization of 6.552 billion yuan [1]. - The stock has seen significant trading activity, with a turnover of 135 million yuan and a turnover rate of 2.04% on the same day [1]. - Year-to-date, the stock has appeared on the "Dragon and Tiger List" nine times, indicating notable trading interest [1]. Shareholder Information - As of June 30, the number of shareholders increased to 99,700, a rise of 181.60% compared to the previous period [2]. - The average number of circulating shares per shareholder decreased by 64.49% to 5,398 shares [2]. Business Segments - Leshan Electric Power's main business segments include electricity (72.54% of revenue), natural gas (15.30%), tap water (5.68%), emerging businesses (3.91%), and other supplementary services (2.56%) [1]. Dividend History - Since its A-share listing, Leshan Electric Power has distributed a total of 216 million yuan in dividends, with no dividends paid in the last three years [3].

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].