国投电力控股股份有限公司 关于续聘会计师事务所的公告 证券代码：600886 证券简称：国投电力 公告编号：2025-060 1.基本信息 （6）截至 2024 年末，立信拥有合伙人 296 名，注册会计师 2,498 名，从业 人员总数 10,021 名。签署过证券服务业务审计报告的注册会计师 743 名。 （7）立信 2024 年度业务收入（经审计）47.48 亿元，其中，审计业务收入 为 36.72 亿元，证券业务收入为 15.05 亿元。 （8）2024 年度立信为 693 家上市公司提供年报审计服务，主要行业：制造 业、软件和信息技术服务业、科学研究和技术服务业、批发和零售业、建筑业、 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： 拟续聘的会计师事务所名称：立信会计师事务所（特殊普通合伙）（以下 简称立信）。 （一）机构信息 一、拟聘任会计师事务所的基本情况 1 （1）机构名称：立信会计师事务所（特殊普通合伙）。 （2）成立日期：2011 年 1 月 24 日。 （3）组织形式：特殊普通合伙企业。 ...

附件 国投电力控股股份有限公司 2025年第六次临时股东会 会议材料 2025 年 12 月 1 日 一、公司符合《证券法》《管理办法》关于公开发行公司债券的有关规定： 1、具备健全且运行良好的组织机构； 国投电力控股股份有限公司 2025 年第六次临时股东会现场会议议程 一、会议时间：2025 年 12 月 1 日（星期一）下午13: 30 二、会议地点：北京市西城区西直门南小街147号 207会议室 三、会议内容： （一）主持人致开幕词； （二）选举宣布监票人和计票人名单； （三）审议下列议案： 1.《关于公司符合面向专业投资者公开发行可续期公司债券条件 的议案》 2.《关于面向专业投资者公开发行可续期公司债券方案的议案》 3.《关于提请股东会授权公司董事会或董事会获授权人士全权办 理本次可续期公司债券相关事宜的议案》 4.《关于续聘会计师事务所的议案》 5.《董事会薪酬与考核委员会关于董事长 2024 年度薪酬的工作 报告》 （四）股东发言及回答股东提问； （五）股东审议表决； （六）清点表决票，宣布现场表决结果； （七）宣读股东会决议； （八）见证律师宣读法律意见书； （九）主持人致闭幕词。 国投电力 ...

证券代码：600886 证券简称：国投电力 公告编号：2025-061 国投电力控股股份有限公司 关于召开2025年第六次临时股东会的通知 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： 一、 召开会议的基本情况 召开的日期时间：2025 年 12 月 1 日 13 点 30 分 召开地点：北京市西城区西直门南小街 147 号楼 207 会议室 (五) 网络投票的系统、起止日期和投票时间 上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 1 日 至2025 年 12 月 1 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25，9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 二、 会议审议事项 本次股东会审议议案及投票股东类型 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | --- | | | | A 股股东 | | 非 ...

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、董事会会议召开情况 国投电力控股股份有限公司（以下简称公司）第十三届董事会第四次会议于 2025 年 11 月 3 日以邮件方式发出通知，2025 年 11 月 13 日以通讯方式召开。本 次会议应出席董事 9 人，实际出席董事 9 人，公司董事长郭绪元先生主持本次会 议。本次会议的召集和召开符合《公司法》和《公司章程》的有关规定。 证券代码：600886 证券简称：国投电力 公告编号：2025-059 国投电力控股股份有限公司 第十三届董事会第四次会议决议公告 二、董事会会议审议情况 1 1.发行规模、发行方式及票面金额 本次债券采取面向专业投资者公开发行的方式，发行规模不超过人民币 37 亿元（含 37 亿元），可采取一次发行或分期发行。具体发行规模、是否分期发行 及分期方式提请股东会授权董事会或董事会获授权人士，根据公司资金需求情况 和发行时市场情况，在上述范围内确定。 本次债券的票面金额为人民币 100 元。 （一）审议通过了《关于公司符合面向专业投资者公开发行可续期 ...

每经AI快讯，国投电力（SH 600886，收盘价：14.16元）11月13日晚间发布公告称，公司第十三届第四 次董事会会议于2025年11月13日以通讯方式召开。会议审议了《董事会薪酬与考核委员会关于董事长 2024年度薪酬的工作报告》等文件。 2024年1至12月份，国投电力的营业收入构成为：电力行业占比92.54%，其他行业占比6.96%，其他业 务占比0.5%。 截至发稿，国投电力市值为1133亿元。 （记者 王晓波） 每经头条（nbdtoutiao）——"银行直供房，不计成本卖！"有的半价出售，众多刚需还不知道！银行用 过的房很抢手，有人加价100万元抢拍 ...

Core Viewpoint - The State Power Investment Corporation (SPIC) has launched a demonstration project named "Tuqiang" for ultra-large floating offshore wind turbine foundation technology in Yangjiang, Guangdong, marking significant progress in the floating offshore wind power sector in China [1][2] Group 1: Project Overview - The demonstration project is located in the Yangjiang Sanshan Island offshore wind farm area, with water depths exceeding 50 meters, and is scheduled for completion and application verification by the end of 2026 [1] - The project aims to address the cost control challenges associated with floating wind power, which is crucial for the commercialization of deep-sea floating wind energy in China [1] Group 2: Technical Development - The project will focus on developing the first ultra-large foundation equipment suitable for 20 megawatt (MW) floating wind turbines, utilizing integrated design, simulation testing, and intelligent monitoring technologies [1] - The initiative aims to balance structural safety in complex marine environments with lightweight design and cost control by strictly managing the steel usage per megawatt and the cost per kilowatt [1] Group 3: Collaborative Efforts - Since its approval in December 2023, SPIC has formed a collaborative team with 10 entities, including Zhejiang University and Shanghai Jiao Tong University, to establish a comprehensive system for overcoming key bottlenecks in the industrialization of deep-sea floating wind power [2]

Core Insights - The integration of AI technology into the securities industry is accelerating, with a focus on utilizing large language models for investment decision-making and risk management [1][4] - The "Large Model Stable 50" index, launched by GaoHua Securities, has achieved a cumulative return of 23.2% since its inception, outperforming other indices [1][2] - The index primarily includes banking stocks, indicating a preference for stable, dividend-paying companies [2][6] Index Performance - The "Large Model Stable 50" index reached a point of 2007.24, with a monthly increase of 3.75% and a year-to-date increase of 16.8%, reflecting a historical annualized return of 20.5% [2] - The "Large Model New Quality Productivity" index, focusing on sectors like semiconductors and AI, has a year-to-date increase of 41.28% and a historical annualized return of 17.61% [2] - The top ten constituents of the "Large Model Stable 50" index are predominantly banks, with over 40% of the index's weight in the financial sector [2][3] Sector Focus - The "Large Model New Quality Productivity" index has a high concentration of technology stocks, with the top three constituents being New Yi Sheng, Hikvision, and Tianfu Communication [2][3] - The information technology sector comprises over half of the companies in the index, followed by communication services and industrial sectors [3] Investment Themes - The themes of dividends and growth are highlighted as significant for A-share investments, with a noted increase in the popularity of dividend-focused strategies over the past few years [6][7] - The integration of AI in investment strategies is expected to strengthen as the trend of index-based investing continues to grow [4][5] - The use of AI models for portfolio adjustments is based on comprehensive assessments of market data, fundamentals, and sentiment, ensuring a systematic approach to risk management [7]

- **Tracking indicators and their calculation** The report uses two indicators: the proportion of large buy order transaction amount and the proportion of net active buy transaction amount. The large buy order transaction amount proportion reflects the buying behavior of large funds. It is calculated by restoring transaction data into buy and sell orders based on transaction sequence numbers, filtering large orders by transaction volume, and computing the proportion of large buy order transaction amounts to the total daily transaction amount. The net active buy transaction amount proportion reflects investors' active buying behavior. It is calculated by identifying whether each transaction is an active buy or sell based on transaction markers, subtracting active sell amounts from active buy amounts, and computing the proportion of net active buy amounts to the total daily transaction amount[7] - **Individual stock tracking** The report provides rankings of stocks based on the 5-day average proportion of large buy order transaction amounts and net active buy transaction amounts. For example, the top-ranked stock for large buy order transaction amount proportion is "海陆重工" with a value of 93.0% and a time-series percentile of 100.0%. Similarly, the top-ranked stock for net active buy transaction amount proportion is "力聚热能" with a value of 21.2% and a time-series percentile of 100.0%[9][10] - **Broad-based index tracking** The report calculates the 5-day average proportions of large buy order transaction amounts and net active buy transaction amounts for major broad-based indices. For instance, the "上证指数" has a large buy order transaction amount proportion of 73.6% (percentile: 66.0%) and a net active buy transaction amount proportion of -4.1% (percentile: 99.6%)[11][12] - **Sector tracking** The report calculates the 5-day average proportions of large buy order transaction amounts and net active buy transaction amounts for various sectors. For example, the "石油石化" sector has a large buy order transaction amount proportion of 78.3% (percentile: 100.0%) and a net active buy transaction amount proportion of 5.0% (percentile: 27.0%)[13] - **ETF tracking** The report ranks ETFs based on the 5-day average proportions of large buy order transaction amounts and net active buy transaction amounts. For example, the top-ranked ETF for large buy order transaction amount proportion is "国泰上证 10 年期国债 ETF" with a value of 93.7% and a time-series percentile of 100.0%. Similarly, the top-ranked ETF for net active buy transaction amount proportion is "国泰上证 10 年期国债 ETF" with a value of 24.7% and a time-series percentile of 84.4%[15][16]

Investment Rating - The report provides a positive investment outlook for various sectors within the energy industry, particularly highlighting opportunities in hydropower, green energy, nuclear power, thermal power, and gas sectors [10][30]. Core Insights - The electricity market in the State Grid operating area has achieved near-complete coverage of the electricity spot market, with significant developments in provinces such as Shanxi, which has seen a 128.75% increase in new energy and clean energy installed capacity since the 14th Five-Year Plan [4][9]. - Natural gas prices have shown a divergent trend globally, with increases in Europe and the US, while prices in Asia remain stable due to ample supply [11][30]. Summary by Sections 1. Electricity - The State Grid has implemented a continuous settlement trial for the electricity spot market in Sichuan and Chongqing, marking a significant step towards full coverage [4][7]. - Shanxi's electricity spot market has recorded a total clearing volume of 156.23 billion kWh in the first half of 2025, with real-time average prices reflecting a "two peaks and one valley" pattern [9][10]. 2. Natural Gas - As of November 7, 2025, the Henry Hub spot price in the US reached $3.76/mmBtu, reflecting a weekly increase of 5.52%, while European prices also saw upward trends [11][12]. - The report notes that the LNG national ex-factory price in China is 4382 yuan/ton, with a slight weekly decrease of 0.57% [28][30]. 3. Investment Recommendations - Hydropower: Favorable conditions for winter and spring generation, recommending companies like Guotou Power and Chuan Investment Energy [10]. - Green Energy: Increased stability in returns for existing projects, suggesting attention to companies like New Energy and Longyuan Power [10]. - Nuclear Power: Long-term growth potential remains strong, with recommendations for China Nuclear Power and China General Nuclear Power [10]. - Thermal Power: Improved profitability due to lower fuel costs, recommending companies like Guodian Power and Huaneng International [10]. - Gas Sector: Favorable conditions for city gas companies, recommending Kunlun Energy and New Energy [30]. 4. Company and Industry Dynamics - As of September 2025, China's new energy storage capacity exceeded 100 million kW, accounting for over 40% of the global total [39]. - The report highlights the steady growth in electricity market transactions, with a total of 4.92 trillion kWh traded by September 2025, marking a 7.2% year-on-year increase [39].

Investment Rating - The report maintains a "Positive" outlook on the power and gas sectors, highlighting the full coverage of the electricity spot market in the State Grid operating area and the seasonal rise in gas prices in Europe and the US [1]. Core Insights - The electricity spot market in the State Grid operating area has achieved near-complete coverage, with 18 provincial-level markets in continuous settlement trial operation as of November 1, 2025. This includes the formal operation of inter-provincial markets and five provincial-level markets [4][8]. - In the gas sector, US Henry Hub spot prices rose to $3.76/mmBtu, reflecting a weekly increase of 5.52%, while European gas prices also saw increases due to seasonal demand [13][19]. Summary by Sections 1. Electricity - The State Grid operating area has nearly achieved full coverage of the electricity spot market, with significant developments in various provinces. As of November 1, 2025, the market has transitioned to continuous settlement trials in Sichuan and Chongqing [4][8]. - In Shanxi, the first province to fully implement the electricity spot market, the average spot price for electricity was recorded at 0.283 yuan/kWh, with a total of 156.23 billion kWh cleared in the first half of 2025 [10]. - The growth of renewable energy capacity in Shanxi has been substantial, with an increase of 128.75% since the 14th Five-Year Plan, leading to a significant impact on electricity pricing and market dynamics [10]. 2. Gas - The report notes a divergence in global gas prices, with US prices rising while Asian LNG prices remain stable due to ample supply. As of November 7, 2025, the Northeast Asia LNG spot price was $11.10/mmBtu, unchanged from the previous week [13][27]. - The report highlights the increase in US natural gas production and demand, with the Henry Hub futures price reaching $4.32/mmBtu, marking a 4.63% increase [14][19]. - Recommendations for investment in gas-related companies include those with integrated natural gas trading capabilities, such as Kunlun Energy and New Hope Energy, as well as city gas companies benefiting from cost reductions [31]. 3. Weekly Market Review - The report indicates that the electricity equipment, public utilities, environmental protection, and gas sectors outperformed the Shanghai and Shenzhen 300 index during the week of November 2 to November 9, 2025 [35]. 4. Company and Industry Dynamics - As of September 2025, China's new energy storage capacity exceeded 100 million kW, representing over 40% of the global total, with significant contributions from various regions [41]. - The report also notes that the National Energy Administration is actively promoting the construction of a unified national electricity market, with trading volumes and participants steadily increasing [41].