证券代码：600821 证券简称：金开新能 公告编号：2025-031 金开新能源股份有限公司 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。 金开新能源股份有限公司（以下简称"公司"）第十一届董事会第七次会议 通知于 2025 年 4 月 22 日以书面形式发出，会议于 2025 年 4 月 29 日以非现场 形式召开。应出席董事 9 人，实际出席董事 9 人。本次会议由董事长尤明杨先 生主持，公司监事、高级管理人员列席。本次会议的召开符合《中华人民共和 国公司法》《上海证券交易所股票上市规则》（等法律、法规和《金开新能源股 份有限公司章程》）的规定。会议审议并通过如下决议： 一、关于审议公司《2025 年第一季度报告》全文的议案 本议案已经审计委员会审议通过，并同意提交董事会审议。全体董事同意 本议案。具体详见公司于同日在上海证券交易所网站（http://www.sse.com.cn） 披露的《2025 年第一季度报告》。 表决结果：9 票同意、0 票反对、0 票弃权。 本次会议听取了公司 2025 年第一季度主要经营数据 ...

证券代码：600821 证券简称：金开新能 公告编号：2025-034 金开新能源股份有限公司 关于公司部分董事、监事、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 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： 为推进金开新能源股份有限公司（以下简称"公司"）"提质增效重回 报"行动方案，维护公司全体股东利益，公司部分董事、监事、高级管理人员及 核心骨干员工（以下简称"管理层"）共计 31 人，基于对公司未来发展前景的 坚定信心与价值认同，计划自 2025 年 5 月 6 日起 6 个月内以自有资金通过上海 证券交易所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（以 下简称"本次增持计划"）。本次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择机实施本次增持计划。 参与本次增持计划的公司管理层均已书面承诺将按照增持计划，在增持 期限内完成增持，并 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 853,330,421.15, representing a year-on-year increase of 1.20% compared to CNY 843,170,720.04 in the same period last year[4]. - The net profit attributable to shareholders decreased by 44.79% to CNY 120,371,754.23 from CNY 218,027,080.74 in the previous year[4]. - Basic and diluted earnings per share decreased by 45.45% to CNY 0.06 from CNY 0.11 in the previous year[4]. - Net profit for Q1 2025 decreased to CNY 126,840,978.05, down 44.41% from CNY 227,978,283.16 in Q1 2024[21]. - Earnings per share for Q1 2025 was CNY 0.06, compared to CNY 0.11 in Q1 2024[22]. - The company's net profit for Q1 2025 was -2,443,756.56 RMB, compared to -1,504,470.16 RMB in Q1 2024, indicating a decline in profitability[33]. - The total comprehensive income for Q1 2025 was -2,443,756.56 RMB, reflecting the same loss as the net profit[33]. Cash Flow - The net cash flow from operating activities was negative at CNY -213,058,362.20, a decline of 576.11% compared to CNY 44,749,881.09 in the same period last year[4]. - Cash generated from operating activities in Q1 2025 was CNY 1,080,002,288.06, significantly higher than CNY 748,979,046.16 in Q1 2024[24]. - The net cash inflow from operating activities was -213,058,362.20 RMB, a decrease from 44,749,881.09 RMB in the previous year[25]. - The net cash flow from operating activities for Q1 2025 was -1,385,773.32 RMB, an improvement from -1,812,134.69 RMB in Q1 2024[35]. - The company reported cash received from other operating activities of 23,649.25 RMB in Q1 2025, a decrease from 67,855.04 RMB in Q1 2024[35]. - The cash outflow for other operating activities in Q1 2025 was 557,237.52 RMB, down from 1,405,676.59 RMB in Q1 2024[35]. Assets and Liabilities - Total assets increased by 1.24% to CNY 40,567,869,502.40 from CNY 40,070,451,242.79 at the end of the previous year[5]. - The company's total current assets decreased from 10,256,220,772.92 RMB as of December 31, 2024, to 9,880,807,124.32 RMB as of March 31, 2025, representing a decline of approximately 3.67%[14][15]. - Total liabilities as of the latest reporting period amounted to CNY 30,454,441,948.28, an increase from CNY 30,080,889,108.42[17]. - Total equity increased to CNY 10,113,427,554.12 from CNY 9,989,562,134.37[17]. - Non-current liabilities totaled CNY 23,863,327,674.01, up from CNY 23,438,980,797.64[17]. - Current liabilities decreased slightly to CNY 6,591,114,274.27 from CNY 6,641,908,310.78[17]. - The total assets increased to 10,376,983,328.13 RMB from 9,868,783,826.21 RMB, reflecting a growth of approximately 5.16%[29][30]. - The total liabilities rose to 2,078,985,789.47 RMB from 1,568,342,530.99 RMB, indicating an increase of about 32.5%[30]. - The total equity decreased slightly to 8,297,997,538.66 RMB from 8,300,441,295.22 RMB[30]. Shareholder Information - The total number of common stock shareholders at the end of the reporting period is 63,497[10]. - The largest shareholder, Tianjin Jinkai Enterprise Management Co., Ltd., holds 247,128,727 shares, accounting for 12.37% of total shares[10]. Inventory and Borrowings - The company reported a significant increase in inventory, up 1,584.22%, primarily due to increased stockpiling[7]. - The company experienced a 114,698.40% increase in short-term borrowings, attributed to temporary borrowing for project turnover[7]. Expenses - Total operating costs for Q1 2025 rose to CNY 693,042,372.03, up 7.25% from CNY 645,890,347.98 in Q1 2024[20]. - Research and development expenses decreased by 34.93%, reflecting changes in project progress scheduling[8]. - The company reported a management expense of 2,085,883.20 RMB in Q1 2025, up from 1,568,005.51 RMB in Q1 2024[32]. - The company reported a significant increase in financial expenses, totaling CNY 201,035,444.49 in Q1 2025 compared to CNY 195,362,340.72 in Q1 2024[21]. Government Subsidies - The company received government subsidies amounting to CNY 6,453,000.00, which are closely related to its normal business operations[6]. Accounting Standards - The company has not yet adopted new accounting standards for the year 2025[36].

关于公司 2025 年第一季度主要经营数据的公告 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。 根据《上海证券交易所上市公司自律监管指引第 3 号行业信息披露：第九号 ——光伏》的相关规定，鉴于公司从事光伏电站运营业务，现将公司 2025 年第 一季度并表范围内新能源电站的主要经营数据情况公告如下： 证券代码：600821 证券简称：金开新能 公告编号：2025-035 金开新能源股份有限公司 2、结算电量因涉及会计收入暂估，与实际收入略有差异； 3、上网电价加权均价（含补贴）为上网结算电价与新能源发电相关国补、省补、竞价 补贴的综合平均结算电价； 4、因不同地域、不同类型项目公司的生产数据统计时间与电费结算过程中电量结算周 期存在差异，导致发电量及上网电量与结算电量之间存在差异。 特此公告。 金开新能源股份有限公司董事会 2025 年 4 月 30 日 | | | | | 第一季度上网 | 上 第一季度结算 | 网 电 价 加 | | --- | --- | --- | --- | --- | --- | --- | | ...

证券代码：600821 证券简称：金开新能 公告编号：2025-033 金开新能源股份有限公司 关于子公司 2025 年 4 月提供担保的公告 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。 重要内容提示: 被担保人及是否为上市公司关联人：担保人金开新能科技有限公司（以下简称 "金开有限"）为金开新能源股份有限公司（以下简称"公司"）的全资子公司，被担 保人社旗县杰卓风力发电有限公司（以下简称"被担保人"或"社旗杰卓"）为金开有 限的全资子公司（备注：公司已收购社旗杰卓 100%股权，并完成项目交割，后续将办理 工商变更手续）。上述担保不构成关联担保。 本次担保金额及已实际为其提供的担保余额：金开有限本次为被担保人办理的 融资租赁业务提供的担保金额不超过 25,000 万元。截至本公告披露日，担保人为被担 保人提供的担保余额为 0 万元（不含本次）。 本次担保是否有反担保：否。 一、担保情况概述 公司于 2024 年 4 月 11 日和 2024 年 5 月 6 日召开第十届董事会第四十六次会议、 2023 年年度股东大会审 ...

Market Performance - The Tianjin Free Trade Zone concept index declined by 3.22%, ranking among the top declines in concept sectors as of April 28 [1] - Within the sector, Tianbao Infrastructure hit the daily limit down, while other notable decliners included Jintou City Development and Tianjin Printers [1] - Only two stocks within the sector saw price increases, with Youfa Group rising by 2.78% and Tianjin Port by 0.22% [1] Capital Flow - The Tianjin Free Trade Zone concept experienced a net outflow of 78 million yuan from main funds, with nine stocks seeing net outflows [1] - The stock with the highest net outflow was Bohai Chemical, with a net outflow of 17.03 million yuan, followed by Ruipu Biology and HNA Technology with outflows of 16.13 million yuan and 14.13 million yuan respectively [1] - Conversely, the stocks with the highest net inflows included Guifaxiang, Jiuan Medical, and Youfa Group, with inflows of 3.25 million yuan, 2.40 million yuan, and 1.13 million yuan respectively [1][2] Stock Performance - The top decliners in the Tianjin Free Trade Zone concept included Bohai Chemical (-4.82%), Ruipu Biology (-1.30%), and HNA Technology (-3.73%) [1] - Notable gainers included Youfa Group (+2.78%) and Tianjin Port (+0.22%) [1] - The trading volume for Bohai Chemical was 6.29%, indicating significant trading activity despite the decline [1]

Core Viewpoint - The company held its 2024 annual performance briefing on April 25, 2025, to communicate its operational results and financial status with investors, highlighting significant growth in the renewable energy sector and ongoing strategic collaborations [2][3]. Group 1: Industry Outlook - The renewable energy sector, particularly wind and solar power, achieved a milestone in 2024 with new installations reaching 356 GW, bringing total renewable capacity to 1.45 billion kilowatts, surpassing thermal power for the first time [4]. - The industry faces challenges during the transition period, including increased pressure on electricity consumption and declining prices due to market reforms and grid limitations [4]. Group 2: Financial Performance - As of December 31, 2024, the company reported total assets of 40.07 billion yuan, a year-on-year increase of 25.48%, and net assets attributable to shareholders of 9.30 billion yuan, up 3.93% [8]. - The company achieved an operating revenue of 3.61 billion yuan, reflecting an 8.55% increase, and a total profit of 1.07 billion yuan, which is a 9.66% growth [8]. Group 3: Strategic Collaborations - The company signed a strategic cooperation framework agreement with Zhongbei Communication Group, aiming for a total investment of 2 billion yuan over two years, with an expected annual cooperation amount of 1 billion yuan [5]. - The collaboration focuses on the development of a smart computing center project and commercial energy storage projects, leveraging the strengths of both companies [5]. Group 4: Future Projects and Plans - The company plans to accelerate the development of its supercomputing center project in Xinjiang and explore the integration of green electricity with coal chemical projects [11]. - As of the end of 2024, the company’s approved installed capacity reached 7,468 MW, with a grid-connected capacity of 5,554 MW, marking year-on-year growth of 16% and 24% respectively [10]. Group 5: Shareholder Engagement - The company has been actively repurchasing shares, with a total of 330 million yuan repurchased as of April 11, 2025, representing 2.91% of the total share capital [13]. - The company emphasizes the importance of maintaining investor confidence and stabilizing its stock price through proactive measures [13].

聚焦"绿电+算力"协同场景，开辟业绩增量新方向。在"绿电+算力"领域，下属全资子公司金开新能伊吾 数字科技有限公司与无问芯穹（北京）智能科技有限公司签署了人工智能算力技术服务合同。此次合作 标志着公司开始涉足新能源与智算中心一体化项目领域，是"算力+电力"融合发展模式的重要实践，将 为公司未来发展提供有力支撑；同时，公司也积极关注"绿电+高载能行业"及"绿电+煤化工"等领域的潜 在机会，稳步推进相关技术路径和业务模式，为未来布局奠定基础。 盈利预测、估值与评级：2025 年年度长协电价靴子落地，各地区电价均有不同程度下行；我们下调公 司2025E-2026E 归母净利润至9.01/11.08 亿元（前值为12.74/15.87 亿元），并新增27 年归母净利润预测 为12.29 亿元，折合 EPS 分别为0.45/0.55/0.62 元，对应PE 为12/10/9 倍。鉴于公司在手核准项目丰厚且 持续扩张业务蓝图，未来增长确定性强，维持"买入"评级。 事件：公司发布2024 年年报。2024 年公司实现营收36.12 亿元，同比+8.55%；归母净利润8.03 亿元， 同比+0.05%。24Q4 单季度，公司 ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating a strong growth outlook and potential for returns exceeding market benchmarks by more than 15% over the next 6-12 months [6]. Core Views - The company achieved a revenue of 3.612 billion yuan in 2024, reflecting a year-on-year increase of 8.55%, while the net profit attributable to shareholders was 803 million yuan, a slight increase of 0.05% [1][4]. - The company's power generation increased by 10.60% year-on-year to 7.905 billion kWh, with sales volume rising by 10.82% to 7.757 billion kWh [2]. - The company is expanding its green energy capacity, with a total installed capacity of 5.554 million kW by the end of 2024, a 24% increase year-on-year [3]. Summary by Sections Financial Performance - In Q4 2024, the company reported a revenue of 782 million yuan, a year-on-year increase of 5.75%, but a net profit of 56 million yuan, down 13.13% [1]. - The average on-grid electricity prices for wind and solar power decreased by 1.92% and 6.12% respectively, impacting overall profitability [2]. - The gross margin for 2024 decreased by 1.88 percentage points to 55.11% [2]. Capacity Expansion - The company’s installed capacity for solar and wind power reached 3.913 million kW and 1.514 million kW respectively, with significant year-on-year growth [3]. - The company has a robust pipeline of approved projects totaling 7.468 million kW, ensuring future growth in green energy capacity [3]. Strategic Initiatives - The company is exploring new business models by integrating green energy with computing power, marking its entry into the AI computing power service sector [3]. - The company is also looking into opportunities in high-energy-consuming industries and coal chemical sectors, laying the groundwork for future developments [3]. Profit Forecast and Valuation - The net profit estimates for 2025 and 2026 have been revised down to 901 million yuan and 1.108 billion yuan respectively, with a new estimate for 2027 at 1.229 billion yuan [4]. - The earnings per share (EPS) are projected to be 0.45, 0.55, and 0.62 yuan for 2025, 2026, and 2027 respectively, with corresponding price-to-earnings (P/E) ratios of 12, 10, and 9 [4].

Group 1 - The company plans to issue debt financing instruments not exceeding 3 billion yuan in the interbank market and Shanghai Stock Exchange [1] - The company received a registration notice from the Association for a total amount of 1.5 billion yuan for green debt financing tools, valid for 2 years [2] - The company has completed the issuance of the second phase of green medium-term notes for the year 2025, with the funds fully received on April 21, 2025 [2]