以新能源高质量发展为引领，积极拓展新能源资源。依托华电能源（600726）虚拟电厂建设，华电泰安 片区积极落实沐光行动和驭风行动两个方案，按照整村汇流、非自然人户用等开发模式，拓展开发户用 光伏40MW。同时，发挥资金、资源优势，积极对接用电资源，推进源网荷储一体化、绿电产业园等项 目的实施，并重点对采煤沉陷区闲散用地、工业厂房等进行整合，重点完成海晶盐化光储一体化项目的 建设与运营。(华电山东新能源有限公司泰安片区) 合理利用有限资源，实现规模化发展。泰安肥城等地区属于村镇密集区域，项目用地、电网接入等资源 的紧缺限制了新能源产业规模化发展。华电泰安片区紧紧围绕在有限空间内如何发出最多绿电这个课 题，从前期风场建模到逐点现场优化，做了大量设计优化工作，对部分建设难度大的风机点位通过技术 攻关后成功回用。最终，原来设计规划为100MW的山地风电场区域成功拓展为150MW，每年新增发电 量9000万kWh。风场规模扩大，降低了风电场整体造价，创造了同时期风电开发标杆，同时提升了整体 运营经济效益。2023年，在虎门风电场区内规划设计50MW光伏项目，该项目依托原有山地风场道路布 置光伏场区，与风电场一体运维，共 ...

Group 1 - The establishment of Huadian (Qiqihar) New Integrated Energy Co., Ltd. has been officially registered with a capital of 10 million RMB, fully owned by Huadian Energy Co., Ltd. [1] - The legal representative of the new company is Li Changzhi, and it is classified under the electricity, heat, gas, and water production and supply industry [2] - The business scope includes power generation, transmission, and distribution, as well as research and development in emerging energy technologies, including wind and solar power services [2]

Core Viewpoint - Huadian Energy (600726) held an online investor communication meeting to enhance external understanding and market recognition of the company [1] Group 1: Company Overview - Huadian Energy became a listed company on the Shanghai Stock Exchange in 1996, recognized as the "first stock of domestic power assets" and dubbed the "cradle of China's thermal power industry" [1] - The company underwent a significant asset restructuring in 2022, incorporating high-quality coal assets and businesses [1] - Huadian Energy is the largest combined heat and power enterprise in Heilongjiang Province, with power generation capacity distributed across key load center cities such as Harbin, Qiqihar, Mudanjiang, and Jiamusi [1] Group 2: Strategic Initiatives - The company is optimizing its electricity and heat source structure, continuously increasing its market share [1] - Huadian Energy has implemented strategies such as upgrading old units and conducting renovations to further optimize its coal power generation structure, promoting energy conservation and emission reduction [1] - The company is also actively developing new energy projects, such as wind power, to enhance profitability and gradually form a supportive and complementary energy structure [1]

Core Viewpoint - Huadian Energy's stock has experienced fluctuations, with a recent decline of 2.02% and a year-to-date increase of 5.68%, indicating volatility in its market performance [1]. Financial Performance - For the period from January to September 2025, Huadian Energy reported a revenue of 11.775 billion, a year-on-year decrease of 11.25%, and a net profit attributable to shareholders of 267 million, down 40.99% compared to the previous year [2]. - Cumulative cash dividends since the company's A-share listing amount to 778 million, with no dividends distributed in the last three years [3]. Shareholder and Market Activity - As of September 30, 2025, the number of Huadian Energy shareholders decreased by 4.51% to 139,800, while the average number of circulating shares per person increased by 6.74% to 29,989 shares [2]. - The stock's trading activity shows a net outflow of 3.4297 million in principal funds, with significant selling pressure observed [1]. Business Overview - Huadian Energy, established on October 28, 1996, and listed on July 1, 1996, is primarily engaged in the sale of electricity (45.29% of revenue), coal (32.79%), and heat products (20.89%), with a minor contribution from engineering and other services [1]. - The company operates within the public utility sector, specifically in electricity generation, and is associated with various concepts such as low-cost energy, clean energy, and state-owned enterprise reform [1]. Institutional Holdings - As of September 30, 2025, notable institutional shareholders include Guotai Junan's Coal ETF, which increased its holdings by 27.2289 million shares, and other funds that have also adjusted their positions [3].

Meeting Overview - The shareholders' meeting was held on December 23, 2025, at the company's headquarters in Harbin, Heilongjiang Province [1] - The meeting was convened by the board of directors and utilized a combination of on-site and online voting, complying with the Company Law and the company's articles of association [1] Attendance - Out of 9 current directors, 8 attended the meeting, with one director absent due to work commitments [2] - The company secretary and some senior management personnel were also present [2] Agenda and Resolutions - The following proposals were reviewed and approved: 1. Revision of the company's profit distribution system [3] 2. Revision of the company's investment management regulations [3] 3. Proposal to provide entrusted loans to a controlling subsidiary [4] 4. Adjustment of the company's investment plan for 2025 [4] 5. Anticipated routine related-party transactions for 2026 [4] - All proposals were ordinary resolutions and passed with more than half of the valid voting shares [4] Voting and Related Transactions - Proposals 2 and 4 involved related-party transactions with the actual controller, China Huadian Corporation, and the controlling shareholder, Huadian Coal Industry Group Co., Ltd., which abstained from voting [4] - The voting results were separately counted for minority investors [4] Legal Verification - The meeting was witnessed by Heilongjiang Borun Law Firm, confirming that the convening and proceedings of the meeting complied with relevant laws and regulations [4]

证券代码：600726 900937 证券简称：华电能源 华电 B 股 公告编号：2025-051 华电能源股份有限公司 2025年第三次临时股东会决议公告 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： 1、公司在任董事9人，列席8人，董事魏宁因工作原因未列席会议； 2、董事会秘书付璐璐出席会议；公司部分高级管理人员列席会议。 二、 议案审议情况 (一) 非累积投票议案 本次会议是否有否决议案：无 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 366 | | --- | --- | | 其中：A 股股东人数 | 360 | | 境内上市外资股股东人数（B 股） | 6 | | 2、出席会议的股东所持有表决权的股份总数（股） | 6,508,811,341 | | 其中：A 股股东持有股份总数 | 6,508,723,441 | | 境内上市外资股股东持有股份总数(B 股) | 87,900 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | 82.3135 | (一) 股东会 ...

博润律师事务所 黑龙江博润律师事务所 关于华电能源股份有限公司 2025 年第三次临时股东会律师见证 法律意见书 地址:哈尔滨市香坊区红旗大街 227 号四通中心 13 层 电话:0451-82397555 2025 年 12 月 本所律师仅对本次股东会的召集和召开程序、本次股东会召集 人和出席会议人员的资格、本次股东会审议的议案、本次股东会的 表决程序和表决结果发表意见。本法律意见书仅供公司本次股东会 之目的使用。 根据相关法律法规及《公司章程》的有关规定,按照律师行业 公认的业务标准、道德规范及勤勉尽责精神,本所律师出席了本次 股东会,并对本次股东会的相关资料和事实进行了核查和验证,现 F 博润律师事务所 致:华电能源股份有限公司 黑龙江博润律师事务所 关于华电能源股份有限公司 2025 年第三次临时股东会律师见证之 法律意见书 根据华电能源股份有限公司(下称"公司")的委托,并依据《中 华人民共和国公司法》(下称"《公司法》")、《中华人民共和国 证券法》(下称"《证券法》")、《上市公司股东会规则》(下称"《股 东会规则》")等法律、行政法规、规范性文件以及《华电能源股份 有限公司章程》(下称"《公司 ...

Core Viewpoint - On December 22, a total of 18 listed companies will have their restricted shares unlocked, with a total market value of approximately 102.97 billion yuan [1] Group 1: Unlocking Details - Walton Technology (Stock Code: 000920) will unlock 50.62 million shares from a private placement of A-shares [1] - China Hengtian Group (Stock Code: 600252) will unlock 2.36 million shares from equity incentive restrictions [1] - Huadian Energy (Stock Code: 600726) will unlock 4.73 billion shares from a private placement of A-shares [1] - AVIC Heavy Machinery (Stock Code: 600765) will unlock 2.68 million shares from equity incentive restrictions [1] - Nanjing Port (Stock Code: 002040) will unlock 151,800 shares from equity incentive restrictions [1] - Weichai Power (Stock Code: 000338) will unlock 23.48 million shares from equity incentive restrictions [1] - First Capital Securities (Stock Code: 601136) will unlock 2.25 billion shares from pre-issue share restrictions [1] - Anke Technology (Stock Code: 300370) will unlock 237 million shares from other restrictions [1] - Xinya Process (Stock Code: 002388) will unlock 346,550 shares from equity incentive restrictions [1] - Zhaoyi Innovation (Stock Code: 603986) will unlock 64,600 shares from equity incentive restrictions [1] - Ganli Pharmaceutical (Stock Code: 603087) will unlock 164,530 shares from equity incentive restrictions [1] - Yaxiang Co., Ltd. (Stock Code: 301220) will unlock 33.39 million shares with an extended lock-up period [1] - Mousse Co., Ltd. (Stock Code: 001323) will unlock 300 million shares with an extended lock-up period [1] - Sany Heavy Energy (Stock Code: 688349) will unlock 942 million shares [1] - Southern Power Technology (Stock Code: 688248) will unlock 336 million shares [1] - Jingwei Hengrun (Stock Code: 688326) will unlock 118,400 shares [1] - Kangwei Century (Stock Code: 688426) will unlock 434,200 shares [1] - Yuanjie Technology (Stock Code: 688498) will unlock 23.85 million shares [1]

Wind数据显示，周一（12月22日），共有19家公司限售股解禁，合计解禁量为75.4亿股，按最新收盘价 计算，合计解禁市值为785.43亿元。 从解禁市值来看，8家公司解禁市值超亿元。首创证券、源杰科技、华电能源解禁市值居前，解禁市值 分别为423.12亿元、147.17亿元、115.84亿元。 从解禁股数占总股本比例来看，7家公司解禁比例超10%。首创证券、华电能源、拉普拉斯解禁比例居 前，解禁比例分别为82.38%、59.79%、42.69%。 从解禁量来看，8家公司解禁股数超千万股。华电能源、首创证券、安控科技解禁量居前，解禁股数分 别为47.28亿股、22.52亿股、2.37亿股。 ...

Macro and Financial - Hainan Free Trade Port officially launched on December 18, with "zero tariff" items expanded to over 6,600 (accounting for 74% of all product categories), and processing value-added domestic sales exempt from tariffs [2] - Central Economic Work Conference emphasized stabilizing the real estate market from both supply and demand sides, encouraging the acquisition of existing housing for reasonable uses and promoting the transformation of real estate companies [3] - Private equity fund size reached a historical high of 22.09 trillion yuan by the end of November, growing from 19.91 trillion yuan at the beginning of the year, with an increase of over 2 trillion yuan [4] - Significant fluctuations in commodities: gold surpassed $4,310 per ounce, WTI crude oil fell to a low of $56.82 per barrel, and Bitcoin fluctuated between $86,000 and $88,000 [4] Capital Market - A-share listed companies' cash dividends reached 2.61 trillion yuan this year, surpassing the total for 2024 and setting a historical record [8] - Institutional research on North Exchange listed companies has significantly increased, with over 272 companies receiving various institutional surveys, covering more than 95% [8] - A-share market experienced a volume decline with all three major indices falling, while sectors like commercial aerospace and food and beverage saw gains [8] - Hong Kong stock market keywords for the year were "repair" and "differentiation," with liquidity recovery lifting market valuations and structural differentiation creating investment opportunities [9] Business Industry - The MUSA Developer Conference revealed key technological advancements in the domestic computing industry, including a new GPU architecture that enhances performance by 10 times [13] - The Ministry of Commerce announced anti-dumping duties on EU pork products starting December 17, 2025, for five years, prompting mixed reactions within the EU [13] - The first batch of L3-level conditional autonomous driving vehicles received approval for road testing in designated areas, indicating progress in the autonomous driving industry [13] - The retirement of 2G networks is causing functionality issues for early smart electric vehicles, affecting approximately 380 million electric bicycles in China [14]