Core Viewpoint - Tianjin Bohai Information Industry Structural Adjustment Equity Investment Fund Co., Ltd. plans to reduce its stake in Leshan Electric Power by selling 7.4159 million shares, representing 1.28% of the total share capital, from October 31 to November 6, 2025 [1] Summary by Relevant Sections - Shareholding Change - The shareholder's ownership will decrease from 6.34% to 5.06% after the sale [1] - Impact on Company - The equity change does not violate any relevant commitments and will not have a significant impact on the company's governance or operations [1] - There will be no change in the controlling shareholder or actual controller as a result of this transaction [1]

Core Insights - The electricity sector experienced a rise of 0.87% on the previous trading day, with Min Dong Power leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Stock Performance - Min Dong Power (000993) closed at 14.12, with a significant increase of 9.97% and a trading volume of 262,700 shares, amounting to a transaction value of 371 million yuan [1] - Leshan Power (600644) saw a rise of 7.11%, closing at 12.50 with a trading volume of 1,187,900 shares, totaling 1.486 billion yuan [1] - Meiyan Jixiang (600868) increased by 6.33%, closing at 3.19 with a trading volume of 3,713,700 shares, amounting to 1.2 billion yuan [1] - Other notable performers include ST Lingda (300125) with a 5.48% increase, Huaguang Huaneng (600475) up 4.23%, and Datang Power (601991) up 4.07% [1] Capital Flow - The electricity sector saw a net inflow of 133 million yuan from institutional investors, while retail investors contributed a net inflow of 571 million yuan [2] - However, speculative funds experienced a net outflow of 704 million yuan [2] Individual Stock Capital Flow - Leshan Power (600644) had a net inflow of 200 million yuan from institutional investors, while it faced a net outflow of 105 million yuan from speculative funds [3] - Min Dong Power (000993) recorded a net inflow of 90.1 million yuan from institutional investors, with a net outflow of 56.2 million yuan from speculative funds [3] - Other stocks like China Nuclear Power (601985) and Guangzhou Development (600098) also showed varying capital flows, indicating mixed investor sentiment [3]

Core Insights - The A-share market has seen a strong performance in the power sector, with several stocks reaching their daily limit up, indicating positive investor sentiment and potential growth in this industry [1]. Company Performance - Meiyan Jixiang (600868) experienced a 10% increase, with a total market capitalization of 6.264 billion and a year-to-date increase of 33.06% [2]. - Mindong Electric Power (000993) rose by 9.97%, with a market cap of 6.466 billion and a year-to-date increase of 69.10% [2]. - Leshan Electric Power (600644) saw an 8.05% increase, with a market cap of 7.293 billion and a year-to-date increase of 106.05% [2]. - Huayin Electric Power (600744) increased by 5.07%, with a market cap of 14.3 billion and a year-to-date increase of 126.69% [2]. - Datang Power (601991) rose by 4.61%, with a market cap of 71.4 billion and a year-to-date increase of 37.83% [2]. - Shanghai Electric (600021) increased by 4.41%, with a market cap of 84.9 billion and a year-to-date increase of 238.53% [2]. - Guangzhou Development (600098) saw a 3.53% increase, with a market cap of 2.57 billion and a year-to-date increase of 19.05% [2]. - Chuaneng Power (000155) rose by 3.05%, with a market cap of 2.31 billion and a year-to-date increase of 18.83% [2].

Core Viewpoint - The A-share market has seen a strong performance in the power sector, with several companies experiencing significant stock price increases [1] Company Performance - Meiyan Jixiang and Mindong Electric both reached the daily limit increase [1] - Leshan Electric surged by 8% [1] - Huayin Electric rose by 5% [1] - Datang Power and Shanghai Electric both increased by over 4% [1] - Guangzhou Development and Chuaneng Power both saw gains of over 3% [1]

Group 1 - The power sector is experiencing a strong performance, with companies such as Leshan Electric Power and Mindong Electric Power hitting the daily limit up [1] - Datang Power, Huayin Electric Power, and Xichang Electric Power are also seeing gains alongside the leading companies [1]

（文章来源：证券日报） 证券日报网讯 11月5日晚间，乐山电力发布公告称，2025年11月5日，公司收到公司工会委员会《关于 公司第六届职工代表大会第九次会议选举结果及公示情况的通知》，经2025年10月27日召开的公司第六 届职工代表大会第九次会议审议，选举贾海燕为公司第十届董事会职工董事。 ...

乐山电力股份有限公司 关于选举职工董事的公告 证券代码：600644 证券简称：乐山电力 公告编号：2025-070 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。 贾海燕未持有本公司股份，与公司持股 5%以上股东、公司其他的董 事、高级管理人员之间不存在关联关系，未受过中国证监会及其他有关 部门的处罚和上海证券交易所惩戒，不存在《公司法》《公司章程》中 规定的不得担任公司董事的情形。贾海燕不属于失信被执行人。 2 2025 年 11 月 6 日 1 附：贾海燕简历 贾海燕，女，汉族，1979 年 8 月生，四川达州人，2000 年 8 月参 加工作，2005 年 12 月加入中国共产党。研究生学历，高级政工师、高 级工程师。曾任国网绵阳供电公司监察部（纪委办公室）主任、国网绵 阳供电公司党委组织部（人力资源部）主任等职务。2021 年 11 月至今 任乐山电力股份有限公司工会主席。2022 年 5 月至 2025 年 10 月任公司 第十届监事会职工监事。 根据《中华人民共和国公司法》、中国证监会《上市公司章程指引》 和《乐 ...

今年以来乐山电力已经9次登上龙虎榜，最近一次登上龙虎榜为5月23日，当日龙虎榜净买入-2122.13万 元；买入总计1.27亿元 ，占总成交额比7.55%；卖出总计1.48亿元 ，占总成交额比8.81%。 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： 电力分部71.45%，燃气分部14.85%，自来水分部4.78%，其他业务分部4.46%，新兴业务分部3.07%，宾 馆分部1.23%，疗休养分部0.17%。 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：小盘、节能环保、污水 处理、水电概念、绿色电力等。 11月4日，乐山电力盘中上涨2.06%，截至09:58，报11.38元/股，成交9050.54万元，换手率1.39%，总市 值65.81亿元。 资金流向方面，主力资金净流出193.35万元，特大单买入112.00万元，占比1.24%，卖出369.93万元，占 比4.09%；大单买入1632.38万元，占比18.04%，卖出1567.8 ...

Core Viewpoint - Leshan Electric Power's stock has shown significant volatility, with an 81.70% increase year-to-date, but a recent decline over the past 60 days indicates potential market fluctuations [1][2]. Group 1: Stock Performance - As of November 3, Leshan Electric Power's stock price reached 11.12 CNY per share, with a trading volume of 1.38 billion CNY and a market capitalization of 6.431 billion CNY [1]. - The stock has experienced a net outflow of 3.9477 million CNY from major funds, with large orders showing a buy of 20.1782 million CNY and a sell of 29.6092 million CNY [1]. - The stock has appeared on the "Dragon and Tiger List" nine times this year, with the most recent appearance on May 23, showing a net buy of -21.2213 million CNY [1]. Group 2: Company Overview - Leshan Electric Power, established on May 17, 1988, and listed on April 26, 1993, operates in the utility sector, focusing on electricity, natural gas, and water supply [2]. - The revenue breakdown shows that electricity accounts for 71.45%, gas for 14.85%, water supply for 4.78%, and other segments contribute the remaining [2]. - As of September 30, the number of shareholders decreased by 18.67% to 81,100, while the average circulating shares per person increased by 32.06% to 7,129 shares [2]. Group 3: Financial Performance - For the period from January to September 2025, Leshan Electric Power reported a revenue of 2.399 billion CNY, reflecting a year-on-year growth of 3.27%, and a net profit attributable to shareholders of 72.832 million CNY, up 6.22% [2]. - The company has distributed a total of 216 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3].

Core Viewpoint - Leshan Electric Power, established in 1988 and listed in 1993, is a significant comprehensive energy supplier in Sichuan, with core businesses including electricity, natural gas, and water supply, showcasing a full industry chain advantage in regional energy supply [1] Financial Performance - For Q3 2025, Leshan Electric Power reported a revenue of 2.399 billion, ranking 10th in the industry, significantly lower than the top player Guangdong Construction's 43.388 billion and second-ranked Hubei Energy's 13.521 billion, and below the industry average of 7.28 billion and median of 2.635 billion [2] - The company's net profit for the same period was 74.0706 million, ranking 13th in the industry, far below Hubei Energy's 2.524 billion and Funi's 2.419 billion, and also lower than the industry average of 693 million and median of 296 million [2] Financial Ratios - As of Q3 2025, Leshan Electric Power's debt-to-asset ratio was 49.02%, a decrease from 49.92% year-on-year, and lower than the industry average of 57.35%, indicating relatively low debt pressure [3] - The company's gross profit margin was 17.09%, up from 16.66% year-on-year, but still below the industry average of 22.95%, suggesting room for improvement in profitability [3] Management Compensation - The chairman of Leshan Electric Power, Liu Jiang, has a salary of 875,000 for 2024, while the general manager, Qiu Yongzhi, also receives the same amount, maintaining the previous year's level [4] Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 18.67% to 81,100, while the average number of circulating A-shares held per account increased by 32.07% to 7,129.64 [5]