证券代码：600868 证券简称：梅雁吉祥 公告编号：2026-007 广东梅雁吉祥水电股份有限公司 关于全资子公司矿产资源储量评审备案的进展公告 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。 风险提示： 1、公司现有的采矿权许可证的开采深度为-60 米以上的范围，2012 年 5 月至 今处于停产状态。公司目前的技术人员还不够成熟，暂不具备自采的能力。公司未 来有可能采取自行开采、寻求合作或转让等方式进行处理，但目前处理方式存在不 确定性。 2、采矿权扩大范围批准时间的不确定性：公司对-60 米以下矿产资源尚未取得 采矿权，本次储量评审备案通过后仍需履行[采矿权变更/ 扩大/ 探转采]等审批程 序。[采矿权变更/ 扩大/ 探转采]等事项审批程序和取得批准文件的具体时间存在 不确定性。 3、资源勘探风险：矿产资源勘探具有复杂性和高风险性，实际开采过程中发 现的资源储量、品位可能与备案结果存在差异。 4、市场风险：银锑价格受宏观经济形势、行业周期、市场供需等多种因素影 响，价格波动可能对公司经营业绩产生影响。 5、环 ...

Core Viewpoint - The company announced that its wholly-owned subsidiary, Meiyan Mining, has received a response from the Ministry of Natural Resources, confirming the approval of mineral resource reserve assessment and filing [1] Group 1: Resource Assessment - The review indicates that the resource quantity for silver is between +150m to -395m, with proven, controlled, and inferred metal quantities of 16.4 tons, 265.1 tons, and 381.1 tons respectively [1] - For antimony, the controlled and inferred metal quantities are reported as 5543.4 tons and 15447.1 tons respectively [1] Group 2: Future Actions - Following the assessment approval, the company will proceed with the procedures for changing mining rights, although the timeline and handling of subsequent approvals remain uncertain [1] - The short-term impact on the company's financials and operations is not expected to be significant [1]

Market Overview - The electricity sector experienced a decline of 1.03% compared to the previous trading day, with TuoRi New Energy leading the drop [1] - The Shanghai Composite Index closed at 4116.94, up 0.08%, while the Shenzhen Component Index closed at 14255.12, up 0.7% [1] Stock Performance - Notable gainers in the electricity sector included: - MeiYan JiXiang (600868) with a closing price of 4.52, up 9.98% and a trading volume of 3.2084 million shares, totaling 1.391 billion yuan [1] - LuXiao Technology (002617) closed at 9.81, up 6.86% with a trading volume of 3.6169 million shares, totaling 3.433 billion yuan [1] - Significant decliners included: - TuoRi New Energy (002218) closed at 4.69, down 6.20% with a trading volume of 1.6187 million shares, totaling 767 million yuan [2] - QianYuan Electric Power (002039) closed at 18.60, down 5.49% with a trading volume of 174,100 shares, totaling 326 million yuan [2] Capital Flow - The electricity sector saw a net outflow of 9.52 billion yuan from major funds, while retail investors contributed a net inflow of 8.95 billion yuan [2] - The table of capital flow indicates that: - MeiYan JiXiang (600868) had a net inflow of 3.12 billion yuan from major funds, but a net outflow of 1.75 billion yuan from retail investors [3] - JingKe Technology (601778) experienced a net inflow of 1.59 billion yuan from major funds, with a net outflow of 9.41 million yuan from retail investors [3]

Group 1 - The core viewpoint of the news is that Meiyan Jixiang (stock code: sh600868) experienced a significant stock price increase, reaching a limit up of 4.52 yuan, with a rise of 9.98% and a total market capitalization of 8.58 billion yuan [1] Group 2 - The stock price surge is attributed to several factors, including the company's governance optimization, progress in mineral resources, and the water power concept [1] - The company has actively optimized its governance structure by completing a board of directors' reshuffle, establishing specialized committees, and adopting new performance models that comply with the new Company Law [1] - High executive compensation is now closely linked to performance, and measures have been taken to strengthen the protection of minority shareholders' rights, laying a solid foundation for the company's long-term development and enhancing market confidence [1] Group 3 - The company's wholly-owned subsidiary's antimony-silver mine reserve review has been accepted by the Ministry of Natural Resources, which, despite approval uncertainties, is expected to become a new growth point in the long term [1] - Meiyan Jixiang primarily focuses on hydropower, which is currently a market-favored concept, and the overall development of the hydropower industry has been supported by policies, attracting investor attention to hydropower stocks [1] Group 4 - On January 12, 2026, the company was included in the "Dragon and Tiger List," with a transaction amount of 886 million yuan, indicating significant buying interest from both retail and foreign investors [1] - The substantial inflow of funds has provided direct momentum for the stock price increase, reflecting market optimism towards the stock [1]

Core Viewpoint - The company Meiyan Jixiang (600868.SH) is expected to report significant losses in 2025, with projected net profit attributable to shareholders ranging from -98 million to -80 million yuan, indicating a challenging financial outlook for the company [1] Financial Projections - The estimated net profit for 2025 is projected to be between -98 million and -80 million yuan, with the net profit after deducting non-recurring gains and losses expected to be between -100 million and -82 million yuan [1] - The anticipated operating revenue for 2025 is estimated to be between 350 million and 370 million yuan, while the revenue after excluding unrelated business income and income lacking commercial substance is projected to be between 330 million and 350 million yuan [1] Reasons for Performance Decline - The primary reasons for the expected performance decline include intensified competition in the geographic information industry leading to an overall decrease in gross margins, as well as lower-than-expected collection of accounts receivable resulting in credit impairment losses [1] - Additionally, the impairment of assets related to the shutdown and dismantling of the kiln and other main equipment at the company's subsidiary, Meizhou Meiyan Xuan Kiln Cement Co., Ltd., has contributed to the anticipated losses [1]

Core Viewpoint - The company Meiyanji Xiang (600868) is expected to report a net loss of 80 million to 98 million yuan for 2025, compared to a loss of 82.81 million yuan in the same period last year, primarily due to adverse economic conditions and increased competition in the geographic information industry [1] Group 1: Financial Performance - The projected net loss for 2025 is between 80 million and 98 million yuan [1] - The previous year's loss was recorded at 82.81 million yuan [1] Group 2: Industry Challenges - The geographic information industry is facing intensified competition, leading to an overall decline in gross margins [1] - The company is experiencing slower-than-expected collection of accounts receivable, necessitating additional provisions for credit impairment losses based on aging [1] Group 3: Asset Management - The company's subsidiary, Meizhou Meiyan Rotary Kiln Cement Co., Ltd., has shut down and dismantled its kiln and related main equipment, resulting in asset impairment provisions [1]

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10)85191300 传真：(86-10)85191350 junhebj@junhe.com 北京市君合律师事务所 关于广东梅雁吉祥水电股份有限公司 2026 年第一次临时股东会的法律意见书 致：广东梅雁吉祥水电股份有限公司 北京市君合律师事务所受广东梅雁吉祥水电股份有限公司（以下简称"贵公 司"）的委托，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上 市公司股东会规则》（以下简称"《股东会规则》"）等法律、法规、规章及《广 东梅雁吉祥水电股份有限公司公司章程》（以下简称"《公司章程》"）的有关 规定，就贵公司 2026 年第一次临时股东会（以下简称"本次股东会"）有关事 宜出具本法律意见书。 本法律意见书仅就本次股东会的召集和召开程序是否符合中国有关法律、法 规和《公司章程》的规定，以及出席本次股东会人员的资格、召集人资格、会议 的表决程序和表决结果是否合法有效发表意见，并不对本次股东会所审议的议案 内容以及该等议案所表述的相关事实或数据的真实性、准确性、完整性或合法性 发表意见。 本法律意见书仅供见证本次股东 ...

证券代码：600868 证券简称：梅雁吉祥 公告编号：2026-005 广东梅雁吉祥水电股份有限公司 2026年第一次临时股东会决议公告 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 1,277 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 219,140,883 | | 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（%） | 12.1305 | 重要内容提示： 本次会议是否有否决议案：无 (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集，董事长张能勇先生主持。会议采用现场和网络 投票相结合的表决方式。本次会议的召集、召开符合《公司法》和《公司章程》 的有关规定。 (一) 股东会召开的时间：2026 年 1 月 16 日 (二) 股东会召开的地点：广东省梅州市梅江区华南大道 58 号公司会议室 (三) 出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 二、 议案审议情况 审议结果：通过 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 ...

证券代码：600868 证券简称：梅雁吉祥 公告编号：2026-006 广东梅雁吉祥水电股份有限公司 2025 年年度业绩预亏公告 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、本期业绩预告情况 2、预计 2025 年年度实现营业收入 35,000 万元到 37,000 万 元，扣除与主营业务无关的业务收入和不具备商业实质的收入后 的营业收入为 33,000 万元到 35,000 万元。 3、本期业绩预告尚未经会计师事务所审计。 二、上年同期经营业绩和财务状况 （一）利润总额：-12,563.90 万元。归属于母公司所有者的 净利润：-8,281.85 万元。归属于母公司所有者的扣除非经常性损 益的净利润：-8,066.64 万元。 （二）每股收益：-0.0438 元。 （三）营业收入：35,728 万元。扣除与主营业务无关的业务 收入和不具备商业实质的收入后的营业收入：31,229 万元。 三、本期业绩预亏的主要原因 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日 （二）业绩预告 ...

梅雁吉祥公告称，预计2025年年度营收3.5 - 3.7亿元，扣除无关业务和不具备商业实质收入后为3.3 - 3.5 亿元；归属于母公司所有者的净利润为-9800万元到-8000万元，扣非后为-1亿元到-8200万元。上年同期 营收3.57亿元，净利润为-8281.85万元。本期预亏主要因地理信息业市场竞争加剧、毛利下降，应收账 款回款不及预期，以及子公司产能转让后相关资产计提减值。 ...