金融界4月17日消息，A股三大指数收盘涨跌不一，中证1000公用事业指数 (1000公用，H30448)报 3151.51点。 数据统计显示，中证1000公用事业指数近一个月下跌0.62%，近三个月上涨3.49%，年至今下跌3.66%。 从指数持仓来看，中证1000公用事业指数十大权重分别为：吉电股份（6.89%）、金开新能 （5.33%）、林洋能源（5.24%）、涪陵电力（5.23%）、宝新能源（5.16%）、皖能电力（5.11%）、九 丰能源（4.79%）、洪城环境（4.68%）、晶科科技（4.51%）、中山公用（4.51%）。 从中证1000公用事业指数持仓的市场板块来看，上海证券交易所占比55.26%、深圳证券交易所占比 44.74%。 从中证1000公用事业指数持仓样本的行业来看，电力及电网占比72.26%、燃气占比15.98%、水务占比 10.17%、供热及其他占比1.59%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样本中剔除。样本公司发生收 购、合并、分拆等情形的处理，参照计算 ...

Investment Rating - The investment rating for the company is "Outperform the Market" [6][4][23] Core Views - The company has achieved revenue growth, with operating revenue expected to reach 3.612 billion yuan in 2024, an increase of 8.55%. However, the net profit attributable to the parent company is projected to remain flat at 803 million yuan, reflecting a minimal increase of 0.05% [8][4] - The growth in revenue is primarily driven by an increase in electricity sales, with total power generation expected to reach 7.905 billion kWh, up 11.63%, and electricity sales projected at 7.757 billion kWh, up 10.82% [8][13] - The decline in net profit growth compared to revenue growth is attributed to a decrease in electricity prices leading to a lower gross margin of 55.11%, down 1.88 percentage points year-on-year, and a significant increase in asset impairment losses, which are expected to reach 126 million yuan, up 72.60% year-on-year [8][17] Summary by Sections Financial Performance - In 2024, the company anticipates operating revenue of 3.612 billion yuan, with a year-on-year growth of 8.55%. The net profit attributable to the parent company is expected to be 803 million yuan, showing a slight increase of 0.05% [8][4] - The company’s gross margin is projected to decline to 55.11% due to falling electricity prices, while asset impairment losses are expected to rise significantly [8][17] Capacity Growth - The company is set to add a total of 1,073 MW of new grid-connected capacity in 2024, including 257 MW from wind power and 816 MW from solar power. The approved capacity will reach 7,468 MW, with grid-connected capacity at 5,554 MW, representing year-on-year growth of 16% and 24%, respectively [21][2] New Business Models - The company is actively exploring the "Green Electricity+" model, focusing on integrating renewable energy with high-energy-consuming industries such as coal chemical, electrolytic aluminum, and magnesium smelting. This strategy aims to create new growth drivers and enhance collaboration with high-value-added industries [22][3] Investment Recommendations - Due to the impact of declining electricity prices, the profit forecast for 2025-2027 has been adjusted, with expected net profits of 889 million yuan, 970 million yuan, and 1.06 billion yuan, reflecting growth rates of 10.4%, 9.9%, and 8.6%, respectively [4][23]

Investment Rating - The investment rating for the company is "Outperform the Market" [6][4] Core Viewpoints - The company has achieved revenue growth, with operating revenue reaching 3.612 billion yuan in 2024, an increase of 8.55%, while net profit attributable to shareholders remained stable at 803 million yuan, a slight increase of 0.05% [8][4] - The growth in revenue is primarily driven by an increase in electricity sales, with total power generation expected to reach 7.905 billion kWh in 2024, up 11.63%, and electricity sales projected at 7.757 billion kWh, up 10.82% [8][2] - The company's profit growth is hindered by a decline in electricity prices, leading to a decrease in gross margin to 55.11%, down 1.88 percentage points year-on-year, and a significant increase in asset impairment losses, which rose by 72.60% to 126 million yuan [8][2] Summary by Relevant Sections Financial Performance - In 2024, the company expects operating revenue of 3.612 billion yuan, with a year-on-year growth of 8.55%, and net profit of 803 million yuan, showing a minimal increase of 0.05% [8][4] - The projected net profits for 2025-2027 are 889 million yuan, 970 million yuan, and 1.06 billion yuan, respectively, with year-on-year growth rates of 10.4%, 9.9%, and 8.6% [4][23] - The company's earnings per share (EPS) for the same period are expected to be 0.44 yuan, 0.49 yuan, and 0.53 yuan, with corresponding price-to-earnings (PE) ratios of 12.6, 11.5, and 10.6 [4][23] Capacity and Growth - The company has added a total of 1,073 MW of new grid-connected capacity in 2024, including 257 MW from wind power and 816 MW from solar power, with total approved capacity reaching 7,468 MW, a year-on-year increase of 16% [2][21] - The company is actively exploring the "Green Electricity +" model, focusing on sectors such as coal chemical, electrolytic aluminum, and magnesium smelting, to support the transformation of high-energy-consuming industries [3][22] Market Position and Future Outlook - The release of document "No. 136" has facilitated the entry of renewable energy into the electricity market, which is expected to help maintain reasonable returns for renewable energy projects [2][21] - The company is also focusing on the integration of renewable energy with high-value-added industries, which is anticipated to create new growth momentum for its performance [3][22]

Investment Rating - The investment rating for the company is "Buy" with a maintained rating for the next six months [7][18]. Core Views - The company has implemented a "three curves" strategy, leading to continuous expansion of installed capacity [1]. - In 2024, the company achieved a revenue of 3.612 billion yuan, representing a year-on-year growth of 8.55%, and a net profit attributable to shareholders of 802 million yuan, with a slight increase of 0.05% year-on-year [1][3][4]. - The company plans to distribute a total cash dividend of 542 million yuan for 2024, which accounts for 67.51% of the net profit attributable to shareholders [1]. Summary by Sections Installed Capacity and Growth - In 2024, the company added 1.1 GW of new installed capacity, with a total of 1,073 MW connected to the grid, primarily in regions with strong power consumption capacity and favorable resource conditions [2]. - The cumulative approved installed capacity reached 7,468 MW, a year-on-year increase of 15.82%, while the grid-connected capacity reached 5,554 MW, up 23.97% year-on-year [2]. Revenue and Profitability - The company completed a total power generation of 79.05 billion kWh in 2024, with wind power contributing 35.60 billion kWh (up 11.79% year-on-year) and solar power contributing 42.97 billion kWh (up 9.72% year-on-year) [3]. - The overall revenue growth was driven by the increase in installed capacity, despite a decline in electricity prices due to the commissioning of new projects [3]. - The gross profit margin for renewable energy generation was 56.14%, a decrease of 0.70 percentage points year-on-year, with wind power at 65.55% (up 1.66 percentage points) and solar power at 49.62% (down 2.82 percentage points) [4]. Financial Forecasts - The profit forecasts for 2025-2027 have been adjusted downwards, with expected net profits of 910 million yuan, 1.06 billion yuan, and 1.18 billion yuan respectively [5]. - The projected price-to-earnings ratios for these years are 12, 11, and 10 times [5].

Investment Rating - The investment rating for the company is "Buy" with a target price indicating a potential return of over 20% within the next six months [7][18]. Core Views - The company has implemented a "three curves" strategy, leading to continuous expansion of installed capacity [1]. - In 2024, the company achieved a revenue of 3.612 billion yuan, representing a year-on-year growth of 8.55%, and a net profit attributable to shareholders of 802.72 million yuan, with a slight increase of 0.05% [1][3][4]. - The company plans to distribute a total cash dividend of 542 million yuan for 2024, which accounts for 67.51% of the net profit attributable to shareholders [1]. Summary by Sections Installed Capacity and Growth - In 2024, the company added 1.1 GW of new installed capacity, with a total of 1,073 MW connected to the grid, primarily in regions with strong power consumption capabilities [2]. - The cumulative approved installed capacity reached 7,468 MW, a year-on-year increase of 15.82%, while the grid-connected capacity reached 5,554 MW, up 23.97% [2]. Revenue and Profitability - The company generated a total electricity output of 79.05 billion kWh in 2024, with wind power contributing 35.60 billion kWh (up 11.79%) and solar power contributing 42.97 billion kWh (up 9.72%) [3]. - The overall gross margin for renewable energy generation was 56.14%, a decrease of 0.70 percentage points year-on-year, while the wind power margin increased to 65.55% [4]. Financial Forecasts - The profit forecasts for 2025-2027 have been adjusted downward, with expected net profits of 910 million yuan, 1.06 billion yuan, and 1.18 billion yuan respectively [5]. - The projected price-to-earnings ratios for 2025-2027 are 12, 11, and 10 times [5].

关于金开新能源股份有限公司 2024 年度会计估计变更事项的专项报告 自 2024 年 1 月 1 日至 2024 年 12 月 31 日止年度 毕马威华振会计师事务所 (特殊普通合伙) 中国北京 东长安街 1 号 东方广场毕马威大楼 8 层 邮政编码:100738 电话 +86 (10) 8508 5000 传真 +86 (10) 8518 5111 网址 kpmg.com/cn 关于金开新能源股份有限公司 2024 年度会计估计变更事项的专项报告 毕马威华振专字第 2502842 号 金开新能源股份有限公司董事会： 我们接受委托，对后附的《金开新能源股份有限公司（以下简称"贵公司"）2024 年度会计估计变更事项的说明》（以下简称"会计估计变更事项说明"）中所述的会计估 计变更事项执行了有限保证的鉴证业务。 一、管理层的责任 按照中华人民共和国财政部颁布的企业会计准则对会计估计变更事项进行确认、 计量，按照中国证券监督管理委员会和上海证券交易所的相关规定对会计估计变更事 项相关信息进行披露是贵公司管理层的责任，这种责任包括设计、执行、维护与编制 和对外披露会计估计变更事项说明相关的内部控制，以及保证会计估 ...

公司点评报告 · 公用事业行业 现金分红比例提升,积极探索绿电+业务 - 金开新能 2024 年年报点评 | | | 维持评级 Hilize 分析师 陶贻功 ☎：010-8092-7673 网: taoyigong_yj@chinastock.com.cn 分析师登记编码：S0130522030001 梁悠南 2025 年 04 月 10 日 1. 【银河环保公用】公司深度_金开新能:聚焦优质 风光资源,装机成长空间广阔 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中国银河证券股份有限公司免责声明 ☎: 010-8092-7656 网: liangyounan_yj@chinastock.com.cn 分析师登记编码：S0130523070002 研究助理:马敏 网: mamin_yj@chinastock.com.cn | 市场数据 | 2025-04-09 | | --- | --- | | 股票代码 | 600821 | | A 股收盘价(元) | 5.61 | | 上证指数 | 3,186.81 | | 总股本(万股) | 199,726 | | 实际流通 A 股(万 ...

Investment Rating - The report maintains a "Recommended" rating for the company [6] Core Views - The company achieved a revenue of 3.612 billion yuan in 2024, representing a year-on-year increase of 8.55% [4] - The net profit attributable to shareholders was 802.72 million yuan, with a slight increase of 0.05% year-on-year [4] - The company plans to distribute a cash dividend of 2 yuan per 10 shares, resulting in a cash dividend ratio of 49.02%, up from 43.28% in 2023 [4] - The company is actively exploring green electricity and related businesses, with a focus on high-energy applications such as computing and chemical industries [4] Financial Performance Summary - In 2024, the company reported a net investment income of 301 million yuan, a significant increase of 108% year-on-year [4] - The company’s total installed capacity reached 5.55 GW by the end of 2024, with wind power at 1.51 GW and solar power at 3.91 GW [4] - The average on-grid electricity price for wind power was 0.424 yuan/kWh, a decrease of 1.5% year-on-year, while for solar power it was 0.442 yuan/kWh, down 6.2% year-on-year [4] - The company’s gross profit margins for wind and solar power were 65.55% and 49.62%, respectively [4] Future Projections - The company is expected to achieve net profits of 923.14 million yuan, 1.134 billion yuan, and 1.377 billion yuan for the years 2025, 2026, and 2027, respectively [6] - Revenue growth rates are projected at 12.82% for 2025, 16.24% for 2026, and 14.89% for 2027 [5] - The company’s PE ratios are forecasted to be 12.14x, 9.87x, and 8.14x for the years 2025, 2026, and 2027, respectively [6]

证券代码：600821 证券简称：金开新能 公告编号：2025-027 金开新能源股份有限公司 关于控股股东增持计划进展的自愿性披露公告 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： 增持计划的基本情况：金开新能源股份有限公司（以下简称"公司"）控 股股东天津金开企业管理有限公司（以下简称"金开企管"）计划自 2024 年 11 月 12 日起 12 个月内以自有资金和自筹资金(包括股票增持专项贷款)通过上海证 券交易所系统采用集中竞价交易的方式增持公司股份，拟增持总金额不低于人民 币 2 亿元（含本数），不超过人民币 4 亿元（含本数），具体内容详见公司于 2024 年 11 月 12 日及 2025 年 1 月 7 日披露的《关于控股股东增持股份计划的公告》 （公告编号：2024-101）及《关于控股股东增持计划进展暨增持计划调整的公告》 （公告编号：2025-001）； 增持计划的实施情况：截至本公告披露日，金开企管累计增持公司股份 58,050,089 股，占公司总股本的 2.91%，累计增持金额为人 ...

中信建投证券股份有限公司 一、募集资金基本情况 （一）实际募集资金金额、资金到账时间 经中国证券监督管理委员会《关于核准金开新能源股份有限公司非公开发行 股票的批复》（证监许可[2022]1910 号）核准，公司于 2022 年 10 月 17 日起开始 向特定投资者发行人民币普通股 460,906,950 股，每股面值人民币 1.00 元，发行价 格 5.85 元/股，募集资金总额为人民币 2,696,305,657.50 元，扣除保荐承销费用（含 税）后的金额 2,674,131,517.90 元于 2022 年 10 月 26 日存入发行人在国家开发银 行天津市分行的 12000100000000000111 银行账户中。上述募集资金经毕马威华振 会计师事务所（特殊普通合伙）核对审验，出具了毕马威华振验字第 2201575 号验 资报告。 （二）募集资金使用金额及当前余额 2022年度非公开发行A股股票募集资金总额为人民币2,696,305,657.50元，扣除 保荐承销费用后的金额2,674,131,517.90元，自签订募集资金三方监管协议后，截至 2024年12月31日募集资金账户收支具体情况如下 ...