Core Viewpoint - Dalian Thermal Power's stock has experienced a decline, with a 10.38% drop year-to-date and a 2.14% decrease on November 19, 2023, indicating potential challenges in the company's performance and market perception [1]. Financial Performance - For the period from January to September 2025, Dalian Thermal Power reported operating revenue of 380 million yuan, a year-on-year decrease of 6.32%. However, the net profit attributable to shareholders was -113 million yuan, showing a year-on-year increase of 3.28% [2]. - The company has cumulatively distributed 186 million yuan in dividends since its A-share listing, with no dividends paid in the last three years [3]. Shareholder Information - As of November 10, 2023, the number of shareholders for Dalian Thermal Power was 39,000, reflecting a decrease of 2.50% from the previous period. The average circulating shares per person increased by 2.56% to 10,374 shares [2]. - Notably, as of September 30, 2025, the second-largest circulating shareholder is the Nuoan Multi-Strategy Mixed A fund, holding 2.54 million shares, indicating new institutional interest [3]. Market Activity - On November 19, 2023, Dalian Thermal Power's stock price was 6.39 yuan per share, with a trading volume of 17.55 million yuan and a turnover rate of 0.67%. The total market capitalization stood at 2.585 billion yuan [1]. - The stock has seen a net outflow of 1.74 million yuan in principal funds, with large orders accounting for 5.26% of purchases and 15.16% of sales [1]. Business Overview - Dalian Thermal Power, established on September 1, 1993, and listed on July 16, 1996, is primarily engaged in combined heat and power generation and centralized heating. The main revenue sources are heat supply (44.24%), electricity (5.37%), and other business activities [1]. - The company is classified under the public utility sector, specifically in electricity and heat services, and is associated with concepts such as micro-cap stocks, small-cap stocks, and revitalization of Northeast China [1].

Core Viewpoint - Dalian Thermal Power's stock has experienced a decline of 8.84% year-to-date, with a recent drop of 2.11% on November 18, 2023, indicating potential challenges in the company's market performance [1]. Financial Performance - For the period from January to September 2025, Dalian Thermal Power reported operating revenue of 380 million yuan, a year-on-year decrease of 6.32%. The net profit attributable to shareholders was -113 million yuan, reflecting a year-on-year increase of 3.28% [2]. Shareholder Information - As of November 10, 2023, the number of shareholders for Dalian Thermal Power was 39,000, a decrease of 2.50% from the previous period. The average number of tradable shares per shareholder increased by 2.56% to 10,374 shares [2]. Dividend Distribution - Since its A-share listing, Dalian Thermal Power has distributed a total of 186 million yuan in dividends. However, there have been no dividend distributions in the past three years [3]. Institutional Holdings - As of September 30, 2025, the second-largest circulating shareholder of Dalian Thermal Power is the Nuoan Multi-Strategy Mixed A fund, holding 2.5439 million shares, indicating new institutional interest [3].

证券代码：600719 证券简称：大连热电 公告编号：临 2025-027 大连热电股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年第 会议召开时间：2025 年 11 月 25 日 （星期二） 09:00-10:00 会议召开地点：上海证券交易所上证路演中心（网址： 三季度的经营成果及财务指标的具体情况与投资者进行互动交流和 沟通，在信息披露允许的范围内就投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一）会议召开时间：2025年11月25日（星期二）09:00-10:00 （二） 会议召开地点：上证路演中心 重要内容提示： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 18 日 （星期二） 至 11 月 24 日 （星 期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 879,827,240, representing a year-on-year increase of 62.66%[5] - The total profit for the quarter was a loss of CNY 71,883,265, with a year-to-date loss of CNY 112,640,626[5] - The net profit attributable to shareholders for the quarter was a loss of CNY 71,883,265, and a year-to-date loss of CNY 112,572,405[5] - The basic and diluted earnings per share for the quarter were both CNY -0.178, compared to CNY -0.278 year-to-date[6] - The weighted average return on equity for the quarter was -21.82%, down from -32.48% year-to-date[6] - Total revenue for the first three quarters of 2025 was CNY 380.30 million, a decrease of 6.5% compared to CNY 405.96 million in the same period of 2024[19] - Operating profit for the first three quarters of 2025 was a loss of CNY 112.42 million, slightly improved from a loss of CNY 116.04 million in 2024[19] - Net profit for the first three quarters of 2025 was a loss of CNY 112.57 million, compared to a loss of CNY 116.39 million in 2024, indicating a 3.3% improvement[19] - The company’s basic and diluted earnings per share for the first three quarters of 2025 were both CNY -0.278, compared to CNY -0.288 in 2024, indicating a slight improvement[20] Cash Flow and Assets - The net cash flow from operating activities for the quarter was a negative CNY 22,151,403, with a year-to-date negative cash flow of CNY 223,511,920[6] - Cash flow from operating activities for the first three quarters of 2025 was a net outflow of CNY 223.51 million, an improvement from a net outflow of CNY 265.17 million in 2024[22] - The net cash flow from investing activities was -$27,019,382.75, compared to -$61,247,862.75 in the previous period, indicating a reduction in cash outflow[23] - Cash inflow from financing activities totaled $1,367,550,000.00, up from $766,660,000.00 in the prior period, reflecting increased borrowing[23] - The net cash flow from financing activities was $179,930,139.04, a decrease from $320,784,189.13 year-over-year[23] - The ending cash and cash equivalents balance was $15,017,198.20, down from $8,991,753.42 in the previous period[23] - The company experienced a net decrease in cash and cash equivalents of -$70,601,163.44, compared to -$5,629,266.41 previously[23] Assets and Liabilities - Total assets at the end of the quarter were CNY 2,480,941,075, a decrease of 8.70% from the end of the previous year[6] - Shareholder equity attributable to the company was CNY 294,607,176, down 26.88% from the previous year-end[6] - Total assets decreased to CNY 2.48 billion in 2025 from CNY 2.72 billion in 2024, reflecting a decline of 8.7%[17] - Total liabilities decreased to CNY 2.19 billion in 2025 from CNY 2.31 billion in 2024, a reduction of 5.5%[17] - Current assets totaled CNY 498.91 million in 2025, down from CNY 636.18 million in 2024, a decrease of 21.6%[17] - Current liabilities totaled CNY 1.55 billion in 2025, a decrease from CNY 1.68 billion in 2024, reflecting a decline of 7.9%[17] Inventory and Government Subsidies - The company reported a significant increase in inventory, which rose to CNY 126.67 million in 2025 from CNY 59.14 million in 2024, an increase of 114.1%[17] - The company received government subsidies amounting to CNY 399,328 in the current period, contributing to a total of CNY 1,197,985 year-to-date[8] Operational Preparedness - The company is preparing for the heating season by organizing key projects and equipment maintenance, while enhancing safety production supervision[13]

Core Viewpoint - Dalian Thermal Power reported a significant increase in third-quarter revenue but continued to face substantial net losses in both the third quarter and the first three quarters of the year [1] Financial Performance - The company's third-quarter revenue reached 879,800 yuan, representing a year-on-year increase of 62.66% [1] - For the first three quarters, total revenue was 380 million yuan, showing a year-on-year decline of 6.32% [1] - The net loss for the third quarter amounted to 71.883 million yuan [1] - Cumulatively, the net loss for the first three quarters was 113 million yuan [1]

Core Points - Dalian Thermal Power responded to investor inquiries on October 20, confirming that as of the end of May this year, its controlling shareholder, Dalian Clean Energy Group Co., Ltd., was adjusted to be managed as a secondary enterprise under the Dalian State-owned Assets Operation Company, with no changes to the controlling shareholder or actual controller of Dalian Thermal Power Co., Ltd. [1]

Group 1 - Dalian Zhuanghai Huanhai Thermal Power Co., Ltd. announced a bidding information for a new heat exchange station and supporting pipeline project on September 19, 2025, with a budget of 1.3499 million yuan [1] - The project is identified as the 2025 No. 9394 (re-bid) cable procurement bidding announcement [1] - Dalian Zhuanghai Huanhai Thermal Power Co., Ltd. is a wholly-owned subsidiary of Dalian Thermal Power [1]

证券代码：600719 证券简称：大连热电 公告编号：临 2025-026 1.投资者提问：总经理，您好！贵公司在去年提出公司控股股东 大连洁净能源集团"一企一策"改革发展实施方案已获大连市委、市 政府批准并展开部署，不排除未来将符合条件的资产项目植入上市公 司的可能。请问目前进展如何？下一步有何具体措施？ 大连热电股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 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个别及连带责任。 为便于广大投资者更全面深入了解大连热电股份有限公司（以下 简称"公司"）2025 年半年度业绩和经营情况，公司于 2025 年 8 月 27 日上午 9:00-10:00 在上海证券交易所上证路演中心（网址：http: //roadshow.sseinfo.com/）召开了公司 2025 年半年度业绩说明会， 与投资者进行网络互动交流和沟通，在信息披露允许的范围内对投资 者关注的问题进行了回答和说明。现将有关事项公告如下： 一、本次说明会召开情况 公司已于 2025 年 8 月 20 日在上海证券交 ...

Core Viewpoint - Dalian Thermal Power reported a decrease in main operating revenue for the first half of 2025, while improving its main business profit, indicating a mixed performance amid challenges in the energy market [1][2]. Group 1: Financial Performance - In the first half of 2025, the company achieved main operating revenue of 378 million yuan, a decrease of 25.86 million yuan year-on-year [1]. - The main business profit was 70.34 million yuan, an increase of 44.55 million yuan year-on-year [1]. - The total profit was -40.75 million yuan, a reduction in loss of 670,000 yuan year-on-year, primarily due to an increase in asset impairment provision from 6% to 20% for the remaining Donghai relocation compensation [1]. Group 2: Operational Metrics - As of June 30, 2025, the company completed electricity sales of 99.38 million kWh, an increase of 14.58 million kWh year-on-year [2]. - Steam sales decreased by 1.6 million tons to 0.4 million tons, and high-temperature water sales dropped by 440,000 GJ [2]. - The area charged at the end of the period was 1,847 million square meters, an increase of 52,000 square meters year-on-year [2]. Group 3: Strategic Initiatives - The company plans to optimize production management, enhance raw material procurement, and explore market-oriented methods to improve profitability [3]. - Dalian Thermal Power is pursuing new profit growth points and aims to improve operational efficiency through various measures [3]. - The company is involved in strategic projects in the renewable energy sector, including a thermal storage power station and seawater hydrogen production, although future integration into the listed company remains under study [3].

Group 1 - The company held its 10th meeting of the 11th Board of Directors on August 20, 2025, with all 9 directors present, and the meeting complied with relevant laws and regulations [2][3][4] - The Board of Directors elected Mr. Wang Jie as the Chairman of the 11th Board, with his term lasting until the end of the current board's term [3][8] - The election results were unanimous, with 9 votes in favor and no votes against or abstentions [4] Group 2 - The company completed the election of a non-independent director, Mr. Wang Jie, during the second extraordinary shareholders' meeting held on August 20, 2025 [7][8] - Mr. Wang Jie will also serve as the Chairman of the Strategic and Sustainable Development Committee, as well as a member of the Nomination Committee and the Compensation and Assessment Committee [7] - The company will update its legal representative to Mr. Wang Jie and will complete the necessary business registration changes [8] Group 3 - Mr. Wang Jie, born in 1973, is a senior engineer with a master's degree in business administration and has held various leadership positions in the energy sector [9]