回购股份的基本情况 证券代码：600868 证券简称：梅雁吉祥 公告编号：2026-012 广东梅雁吉祥水电股份有限公司 出售回购股份的进展公告 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： 为维护公司价值及股东权益，广东梅雁吉祥水电股份有限公司（以下简称"公 司"）于 2024 年 6 月 27 日至 2024 年 9 月 27 日期间累计回购公司股份 23,879,700 股。本次回购的股份将于回购完成公告披露十二个月后采用集中竞价交易方式出 售，并在回购完成公告披露三年内完成出售，若公司未能在上述期限内完成出售， 未实施出售部分股份将履行相关程序予以注销。 出售计划的进展情况 公司于 2025 年 11 月 20 日披露《关于出售公司 2024 年已回购股份计划的公 告》（公告编号：2025-051），计划自 2025 年 12 月 12 日起至 2026 年 6 月 11 日期间，通过集中竞价方式出售上述已回购股份，计划出售数量不超过 23,879,700 股，占公司总股本的 1.26%。 ...

Investment Rating - The report suggests a "Buy" rating for several key stocks in the power sector, including Zheneng Power, Guodian Power, and Huaneng International, among others [8][9]. Core Insights - A total of 84 green electricity direct connection projects have been approved, with a total installed capacity of 32.59 million kilowatts, indicating further progress in collaborative electricity calculations [2][11]. - The green electricity direct connection will transition from pilot projects to large-scale promotion by 2026, with over 200 projects expected to be implemented, totaling more than 15 GW [2][11]. - The application scenarios for green electricity are diversifying, covering data center power supply, hydrogen and methanol production, and zero-carbon parks [3][12]. - The mechanism electricity price for March shows a maximum level of 10.52 cents per kilowatt-hour, with significant regional variations in costs [4][13]. Summary by Sections Industry Overview - The report highlights the performance of the power sector, with the CITIC Power and Utilities Index rising by 5.45%, outperforming the CSI 300 Index by 4.37 percentage points [6][64]. - The report notes that coal prices have risen to 742 yuan per ton, impacting thermal power generation costs [18]. Market Trends - In March, the proxy purchase electricity prices in 90% of regions decreased year-on-year, with significant drops in several areas, while some regions saw price increases [16][59]. - The carbon market trading price increased by 2.29% compared to the previous week, indicating a growing interest in carbon trading [59]. Investment Recommendations - The report recommends focusing on companies involved in collaborative electricity calculations and highlights specific stocks such as Fuling Power and Gansu Energy for potential investment [5][9]. - It also suggests paying attention to thermal power companies that are expected to benefit from regulatory changes and market dynamics [5][9]. Key Company Announcements - The report includes announcements from key companies, such as Jiangsu Power's cash dividend distribution and Gansu Energy's approval for a significant wind power project [74].

针对市场热议的"为何未在5元以上高位减持"这一问题，结合公开信息来看，梅雁吉祥选择此次4.12- 4.22元/股的减持价位区间，核心基于市场成交量、维护市场稳定等客观因素考量。经分析，若在5元/股 以上大额减持，不仅可能导致股价出现大幅波动，还可能影响实际减持成交均价。 本次减持的股份来源于公司此前为稳定股价实施的回购股份，不会影响公司核心业务运营与主业投入， 公司经营重心保持稳定。 资金用途清晰明确，全力保障2026年经营发展 近日，梅雁吉祥（600868.SH）发布回购股份减持公告，公告显示，公司此次减持1898万股，套现约 7906万元。减持股份源自2024年6月至9月期间的回购操作，根据公司此前披露的计划，计划自2025年12 月12日起至2026年6月11日期间，出售不超过2387.97万股的回购股份。2026年2月25日的首次出售，标 志着这一计划正式进入实施阶段。 据公告，本次减持严格遵循《上海证券交易所上市公司自律监管指引第7号——回购股份》等相关规 定，属于梅雁吉祥既定资本运营规划的有序推进。长期来看，减持所获资金将用于补充公司现金流，为 2026年企业经营运转及业务拓展提供支撑。 减持非看 ...

Core Viewpoint - The company, Guangdong Meiyan Jixiang Hydropower Co., Ltd., has initiated a share buyback program to enhance company value and protect shareholder interests, with plans to sell the repurchased shares within a specified timeframe [1]. Group 1: Share Buyback Details - The company repurchased a total of 23,879,700 shares from June 27, 2024, to September 27, 2024 [1]. - The repurchased shares will be sold through centralized bidding within twelve months after the completion announcement and must be sold within three years; unsold shares will be canceled [1]. Group 2: Sale Plan Progress - The company announced its plan to sell the repurchased shares on November 20, 2025, with the sale period set from December 12, 2025, to June 11, 2026, targeting a maximum sale of 23,879,700 shares, representing 1.26% of the total share capital [1]. Group 3: Sale Execution - On February 25, 2026, the company successfully sold 18,980,000 shares, approximately 1% of the total share capital, for a total amount of 79,060,108 yuan, with a price range of 4.12 to 4.22 yuan per share and an average price of 4.165 yuan per share [2]. - The sale aligns with the company's previously disclosed plan and complies with relevant regulations [2]. Group 4: Compliance and Regulations - The sale of repurchased shares must adhere to specific regulations, including price restrictions and volume limits, ensuring compliance with the Shanghai Stock Exchange's guidelines [3]. - The company confirmed that the sale will not lead to a change in control [3].

（文章来源：证券日报） 证券日报网讯 2月25日，梅雁吉祥发布公告称，2026年2月25日，公司通过集中竞价首次出售已回购股 份1898万股，约占总股本1%，成交金额79060108元，价格区间4.12元/股-4.22元/股。 ...

证券代码：600868 证券简称：梅雁吉祥 公告编号：2026-011 广东梅雁吉祥水电股份有限公司 首次出售回购股份的公告 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： 回购股份的基本情况 为维护公司价值及股东权益，广东梅雁吉祥水电股份有限公司（以下 简称"公司"）于 2024 年 6 月 27 日至 2024 年 9 月 27 日期间累计回购公 司股份 23,879,700 股。本次回购的股份将于回购完成公告披露十二个月后 采用集中竞价交易方式出售，并在回购完成公告披露三年内完成出售，若 公司未能在上述期限内完成出售，未实施出售部分股份将履行相关程序予 以注销。 出售计划的进展情况 公司于 2025 年 11 月 20 日披露《关于出售公司 2024 年已回购股份计 划的公告》（公告编号：2025-051），计划自 2025 年 12 月 12 日起至 2026 年 6 月 11 日期间，通过集中竞价方式出售上述已回购股份，计划出售数量 不超过 23,879,700 股。占公司总股本的 1.26 ...

格隆汇2月25日丨梅雁吉祥(600868.SH)公布，2026年2月25日，公司通过集中竞价方式首次出售已回购 股份，本次出售已回购股份数量为1898万股，约占公司总股本的1%，成交总额为7906.01万元(未扣除交 易费用、税金)，成交最高价为4.22元/股，最低价为4.12元/股，均价为4.165元/股。 ...

格隆汇2月25日丨梅雁吉祥(600868.SH)公布，2026年2月25日，公司通过集中竞价方式首次出售已回购 股份，本次出售已回购股份数量为1898万股，约占公司总股本的1%，成交总额为7906.01万元(未扣除交 易费用、税金)，成交最高价为4.22元/股，最低价为4.12元/股，均价为4.165元/股。 ...

Group 1 - The company has repurchased a total of 23,879,700 shares from June 27, 2024, to September 27, 2024, to maintain its value and protect shareholder interests [1] - The repurchased shares will be sold through centralized bidding within 12 months after the completion announcement and must be sold within three years; unsold shares will be canceled [1] - The company plans to sell the repurchased shares from December 12, 2025, to June 11, 2026, with a maximum sale of 23,879,700 shares, representing 1.26% of the total share capital [2] Group 2 - As of January 31, 2026, the company has not yet sold the repurchased shares [3] - The sale plan is consistent with previously disclosed plans and commitments, and there are no significant events like high transfers or mergers during the sale period [3] - The company must adhere to specific regulations regarding the sale, including price limits and volume restrictions [4] Group 3 - The sale plan does not pose a risk of changing the company's control [5] - The sale of repurchased shares complies with relevant laws and regulations, and the company will fulfill its disclosure obligations during the sale period [5]

Group 1 - The company appointed Ms. Liu Dongmei as the secretary of the board of directors, effective from the date her appointment was approved by the Shanghai Stock Exchange [1][2] - Prior to her official appointment, the duties of the board secretary were temporarily handled by the company's chairman, Mr. Zhang Nengyong [1] - Ms. Liu has completed the necessary training and obtained the required certification to fulfill her role [2] Group 2 - The company repurchased a total of 23,879,700 shares between June 27, 2024, and September 27, 2024, to maintain company value and protect shareholder interests [5] - The repurchased shares are planned to be sold through centralized bidding within twelve months after the completion announcement, and must be sold within three years [5][6] - As of January 31, 2026, the company has not yet sold any of the repurchased shares [7]