Core Insights - The company, Jin Kai New Energy, reported receiving renewable energy subsidy funds totaling 939 million yuan for its power generation projects by August 2025 [1] - From January 1, 2025, to August 31, 2025, the company received a total of 1.214 billion yuan in renewable energy subsidies, representing a significant increase of 341.67% compared to the same period last year [1] - The national renewable energy subsidy funds amounted to 1.199 billion yuan, which is an increase of 340.47% year-on-year, accounting for 188.78% of the total national renewable energy subsidies received in 2024 [1]

Core Viewpoint - The company has received significant renewable energy subsidy funds, which will positively impact its cash flow and future operations of power plants [1] Group 1: Subsidy Funds Received - As of August 2025, the company's subsidiary power generation projects received a total of 939 million yuan in renewable energy subsidy funds, accounting for 188.78% of the total subsidies received in 2024 [1] - From January 1, 2025, to August 31, 2025, the company received 1.214 billion yuan in renewable energy subsidy funds, representing a 341.67% increase compared to the same period last year and accounting for 190.12% of the total subsidies received in 2024 [1] Group 2: Impact on Cash Flow - The recovery of the aforementioned subsidy funds is expected to improve the company's cash flow from power plants, leading to a positive impact on future operations [1]

证券代码：600821 证券简称：金开新能 公告编号：2025-066 一、本次交易概述 第十一届董事会第十次会议，审议通过《关于子公司增资扩股引入战略投资者 的议案》，同意公司的全资子公司金开新能科技有限公司（以下简称"金开有 限"）之全资子公司金开新能（北京）节能技术有限公司（以下简称"金开节 能"）增资扩股引入战略投资者农银金融资产投资有限公司（以下简称"农银投 资"）。本次交易事项无需履行公司股东会审议程序。农银投资拟以货币方式增 资金开节能不超过 12 亿元，交易完成后农银投资持有金开节能股权比例预计不 超过 49%。具体内容详见公司 2025 年 8 月 13 日披露的《关于子公司增资扩股 并引入战略投资者的公告》（公告编号：2025-057）。 二、本次交易进展情况 金开新能源股份有限公司 关于子公司金开新能(北京)节能技术有限公司 增资扩股并引入战略投资者的进展公告 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。 | 股东名称 | 本次交易前持股比例 | 本次交易后持股比例 | | --- | --- | -- ...

证券代码：600821 证券简称：金开新能 公告编号：2025-066 金开新能源股份有限公司 关于子公司金开新能(北京)节能技术有限公司 增资扩股并引入战略投资者的进展公告 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、本次交易概述 2025 年 8 月 12 日，金开新能源股份有限公司（以下简称"公司"）召开 第十一届董事会第十次会议，审议通过《关于子公司增资扩股引入战略投资者 的议案》，同意公司的全资子公司金开新能科技有限公司（以下简称"金开有 限"）之全资子公司金开新能（北京）节能技术有限公司（以下简称"金开节 能"）增资扩股引入战略投资者农银金融资产投资有限公司（以下简称"农银投 资"）。本次交易事项无需履行公司股东会审议程序。农银投资拟以货币方式增 资金开节能不超过 12 亿元，交易完成后农银投资持有金开节能股权比例预计不 超过 49%。具体内容详见公司 2025 年 8 月 13 日披露的《关于子公司增资扩股 并引入战略投资者的公告》（公告编号：2025-057）。 二、本次交易进展情况 金开节能、金开有限 ...

Meeting Details - The shareholders' meeting of Jinkai New Energy Co., Ltd. was held on August 28, 2025, at a designated location in Beijing [1] - The meeting was attended by shareholders representing 36.1449% of the total shares [1] - The voting method combined on-site and online voting, complying with the Company Law and Articles of Association [1] Voting Results - The non-cumulative voting proposal was approved with 93.5679% of A-share votes in favor, 2.4083% against, and 4.0238% abstaining [1] - Another proposal received 88.6859% approval from A-share votes, with 2.2783% against and 9.0358% abstaining [1] Legal Compliance - The meeting's procedures, qualifications of the conveners, attendees, and voting processes were verified by lawyers Zhao Jie and Xiong Jingkun, confirming compliance with relevant laws and regulations [1][2]

Investment Rating - The report maintains an "Outperform the Market" rating for the company [3][21]. Core Views - The company's operating revenue increased, but net profit attributable to shareholders decreased due to declining investment income and asset impairment losses [1][6]. - The company is focusing on the "Green Electricity+" project, which is gradually being implemented, and aims to enhance the value of green electricity products [3][20]. - The company has seen a continuous growth in new energy generation capacity, with a total installed capacity of 5,913 MW as of June 2025, representing a year-on-year increase of 23.98% [2][19]. Financial Performance - In the first half of 2025, the company reported operating revenue of 1.922 billion yuan (+2.07%) and a net profit of 439 million yuan (-9.80%) [1][6]. - The second quarter of 2025 showed an operating revenue of 1.069 billion yuan (+2.77%) and a net profit of 319 million yuan (+18.53%) [1][6]. - The company's gross profit margin decreased to 56.17%, down 1.00 percentage point year-on-year, primarily due to falling electricity prices and increased curtailment rates [12][15]. Future Outlook - The company is expected to achieve net profits of 889 million yuan, 970 million yuan, and 1.06 billion yuan for the years 2025, 2026, and 2027, respectively, with growth rates of 10.4%, 9.9%, and 8.6% [3][21]. - The report forecasts earnings per share (EPS) of 0.44 yuan, 0.49 yuan, and 0.53 yuan for the same years, with corresponding price-to-earnings (PE) ratios of 12.6, 11.5, and 10.6 [3][21]. Business Development - The company is actively expanding its "Green Electricity+" business by collaborating with high-energy users and exploring integrated energy solutions [3][20]. - The "Electricity and Computing Synergy" business is progressing, with successful deployment of high-performance computing clusters [3][20].

证券代码：600821 证券简称：金开新能 公告编号：2025-065 金开新能源股份有限公司 关于公司部分董事、高级管理人员及 其他核心骨干员工自愿增持公司股份计划 暨落实"提质增效重回报"行动方案的进展公告 本公司董事会、全体董事及相关股东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： | 增持主体名称 | | | | 尤明杨 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 控股股东、实控人 | | | | | | ?是 | ?否 | | | 控 | 、实控人 | 股股东 | | 的 | 一致行 | 动人 | ?是 | ?否 | | 增持主体身份 | 直接持股 | | | 5%以上股东 | | | ?是 | ?否 | | | 董事、高级管理人员 | | | | | ?是 | ?否 | | | | ?其他：__________ | | | | | | | | | 增持前持股数量 | | 0股 | | | | | | | | 增持前持股比例 | ...

证券代码：600821 证券简称：金开新能 公告编号：2025-065 已披露增持计划情况：金开新能源股份有限公司（以下简称"公司"） 于 2025 年 4 月 30 日披露了《金开新能源股份有限公司关于公司部分 董事、高级管理人员及其他核心骨干员工自愿增持公司股份计划暨落 实"提质增效重回报"行动方案的公告》（公告编号：2025-034）， 公司部分董事、高级管理人员及核心骨干员工计划自 2025 年 5 月 6 日 起 6 个月内以自有资金通过上海证券交易系统允许的方式（包括但不 限于集中竞价、大宗交易）增持公司股份，拟增持合计不低于人民币 1,080 万元（含交易费用）的公司 A 股股份，增持计划不设价格区间， 将根据公司股票价格波动情况及资本市场整体趋势逐步实施增持计划。 增持计划的实施进展：截至 2025 年 8 月 29 日，相关增持主体合计增 持股份 1,465,800 股，增持金额 807.07 万元，本次增持计划尚未实施 完毕。 增持计划无法实施风险：本次增持计划可能存在因资本市场情况发生 变化、所需资金未能到位或目前尚无法预判的其他风险因素导致增持 计划的实施无法达到预期的风险。如增持计划 ...

证券日报网讯 8月28日晚间，金开新能发布公告称，公司2025年第二次临时股东会于2025年8月28日召 开，审议通过了《关于修订的议案》等。 （文章来源：证券日报） ...

证券代码：600821 证券简称：金开新能 公告编号：2025-064 金开新能源股份有限公司 2025年第二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： 本次会议是否有否决议案：无 (一) 非累积投票议案 1、 议案名称：关于修订《关联交易管理制度》的议案 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 816 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 721,909,548 | | 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 | | | 份总数的比例（%） | 36.1449 | (四) 表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次股东会采取现场投票与网络投票相结合的表决方式，均符合《公司法》 及《公司章程》的规定。本次股东会由公司董事会召集。公司董事长尤明杨先生 因工作原因无法现场出席主持会议，经公司过半数董事共同推举，由公司董事战 友先生主持本次股东会，符合《公司法》和《公司章程 ...