证券代码：600905 证券简称：三峡能源 公告编号：2025-049 中国三峡新能源（集团）股份有限公司 关于召开2025年第二次临时股东大会的通知 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 (一)股东大会类型和届次 2025年第二次临时股东大会 (二)股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 8 月 22 日 10 点 00 分 召开地点：北京市通州区粮市街 2 号院成大中心 5 号楼 425 会议室 股东大会召开日期：2025年8月22日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者的投 票，应按照《上海证券交易所上市公司自律监管指引第 1 号 — 规范运作》等有 关规定执行。 (七)涉及公开 ...

中国三峡新能源（集团）股份有限公司 第二届董事会独立董事专门会议 第六次会议决议 表决结果：同意 3 票，反对 0 票，弃权 0 票。 中国三峡新能源（集团）股份有限公司独立董事 胡裔光、王永海、杜至刚 中国三峡新能源（集团）股份有限公司（以下简称公司） 第二届董事会独立董事专门会议第六次会议于 2025 年 8 月 4 日 以现场会议并结合通讯方式在北京召开，会议通知已于 2025 年 8 月 1 日以电子邮件方式发出。本次会议应出席独立董事 3 名， 实际出席独立董事 3 名。本次会议的召集召开符合《公司法》 《公司章程》《独立董事工作制度》等有关规定，会议合法有效。 会议由独立董事专门会议召集人胡裔光主持，形成决议如下： 审议通过《关于以大连庄河Ⅲ海上风电项目为底层资产发 行公募 REITs 暨关联交易的议案》 全体独立董事一致认为，本次拟以大连庄河Ⅲ海上风电项 目为底层资产发行公募 REITs 暨关联交易的事项有助于公司盘 活存量资产，优化资本结构；基金份额认购的交易价格根据最 终市场询价结果确定，定价方式公允、合理。上述关联交易不 存在损害公司及全体股东，尤其是中小股东合法权益的情形， 同意将上述关 ...

本议案经独立董事专门会议审议通过。 关联董事朱承军、刘姿、蔡庸忠、关献忠回避表决。 证券代码：600905 证券简称：三峡能源 公告编号：2025-046 中国三峡新能源（集团）股份有限公司 第二届董事会第四十一次会议决议公告 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。 中国三峡新能源（集团）股份有限公司（以下简称公司）第 二届董事会第四十一次会议于 2025 年 8 月 6 日在北京以现场结 合通讯方式召开，会议通知已于 2025 年 7 月 31 日以电子邮件方 式发出。本次会议应出席董事 9 名，实际出席董事 9 名。公司部 分监事、高级管理人员等列席了会议。会议的召集召开符合《公 司法》《公司章程》的有关规定，会议合法有效。会议由朱承军 董事长主持，以记名投票方式表决，形成决议如下： 一、审议通过《关于以大连庄河Ⅲ海上风电项目为底层资产发 行公募 REITs 暨关联交易的议案》 具体内容详见公司同日披露的《中国三峡新能源（集团）股 份有限公司关于发行基础设施公募 REITs 暨关联交易的公告》 （公告编号：2025 ...

格隆汇8月6日丨三峡能源(600905.SH)公布，公司拟以全资子公司所属海上风电项目为底层资产发行基 础设施公募REITs。公司作为原始权益人拟认购34%基金份额，公司关联人三峡资本控股有限责任公司 （简称三峡资本）拟认购10%基金份额，实际认购金额均以公募基金最终募集金额为准，本事项构成关 联交易。庄河Ⅲ项目位于辽宁省大连市庄河市，总装机规模为298.8MW，于2020年11月全容量并网发 电。 ...

Core Viewpoint - Three Gorges Energy plans to issue public infrastructure REITs based on its wholly-owned offshore wind power projects, indicating a strategic move to enhance capital efficiency and investment in renewable energy [1] Group 1 - The company intends to subscribe for 34% of the fund shares as the original equity holder [1] - Three Gorges Capital Holding Co., Ltd., an affiliate of the company, plans to subscribe for 10% of the fund shares [1]

Core Viewpoint - The China Securities Green Ecology Theme Index has shown a slight increase over the past month and three months, while it has experienced a minor decline year-to-date, reflecting the performance of companies involved in clean energy and ecological protection [2] Group 1: Index Performance - The China Securities Green Ecology Theme Index rose by 1.35% in the last month and 6.49% over the past three months, with a year-to-date decline of 0.05% [2] - The index is based on 50 listed companies involved in clean energy, electrification, hydrogen energy, resource efficiency, pollution control, environmental restoration, and ecological protection [2] Group 2: Index Composition - The index was established on December 31, 2015, with a base value of 1000.0 points [2] - The top ten weighted companies in the index are: CATL (15.36%), Yangtze Power (13.28%), Inovance Technology (5.76%), Sungrow Power (5.18%), LONGi Green Energy (4.48%), China National Nuclear Power (3.5%), TBEA (3.14%), Changan Automobile (2.97%), Sanhua Intelligent Control (2.87%), and Three Gorges Energy (2.86%) [2] - The index's holdings are primarily listed on the Shenzhen Stock Exchange (54.71%) and the Shanghai Stock Exchange (45.29%) [2] Group 3: Industry Breakdown - The industry composition of the index shows that industrials account for 58.13%, utilities for 26.22%, materials for 9.11%, consumer discretionary for 5.84%, and information technology for 0.70% [2] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - Weight factors are generally fixed until the next scheduled adjustment, with special circumstances allowing for temporary adjustments [3]

天眼查资料显示，三峡陆上新能源投资有限公司，成立于2022年，位于呼和浩特市，是一家以从事商务 服务业为主的企业。企业注册资本1000000万人民币。通过天眼查大数据分析，三峡陆上新能源投资有 限公司共对外投资了9家企业，参与招投标项目269次，专利信息32条，此外企业还拥有行政许可2个。 中国长江三峡集团有限公司，成立于1993年，位于武汉市，是一家以从事电力、热力生产和供应业为主 的企业。企业注册资本21150000万人民币。通过天眼查大数据分析，中国长江三峡集团有限公司共对外 投资了42家企业，参与招投标项目5000次，财产线索方面有商标信息96条，专利信息4875条，此外企业 还拥有行政许可59个。 金融界2025年8月6日消息，国家知识产权局信息显示，三峡陆上新能源投资有限公司、中国长江三峡集 团有限公司取得一项名为"一种季节性调节的槽式聚光集热系统"的专利，授权公告号CN223191851U， 申请日期为2024年09月。 专利摘要显示，本申请提供一种季节性调节的槽式聚光集热系统，涉及太阳能聚光集热技术领域。本申 请提供的季节性调节的槽式聚光集热系统，包括底座；支撑件，支撑件的一端为铰接端，与底座 ...

Market Overview - In July, the Shanghai and Shenzhen 300 Index increased by 3.54%, while the public utility index decreased by 0.77% and the environmental index increased by 2.10%. The relative returns for public utilities and environmental sectors were -4.32% and -1.94%, respectively [1][15][23]. - Among the sub-sectors, the environmental sector rose by 1.60%, with thermal power increasing by 1.21%, hydropower decreasing by 4.35%, and new energy generation rising by 0.80% [1][15][24]. Important Policies and Events - The Guangdong Provincial Development and Reform Commission announced adjustments to the capacity pricing for coal and gas power plants, effective from January 1, 2026, with coal power set at 165 yuan per kilowatt per year and gas power varying from 165 to 396 yuan depending on the type of gas used [2][16][17]. - The Ningxia Hui Autonomous Region proposed a market-oriented reform plan for new energy pricing, setting a benchmark price for coal-fired power at 0.2595 yuan per kilowatt-hour [2][17]. Sector Research - The National Development and Reform Commission and the National Energy Administration issued guidelines to improve the pricing mechanism for domestic natural gas pipeline transportation, aiming for a unified pricing model and a permitted return rate of approximately 5.7%, down from 8% [3][18][20]. - This new regulation is expected to lower transportation costs for natural gas, benefiting urban gas companies [3][20]. Investment Strategy - Public Utilities: Recommendations include large thermal power companies like Huadian International and Shanghai Electric, as coal and electricity prices are expected to decline [4][21]. - New Energy: Continued government support for new energy development is anticipated to stabilize profitability, with recommendations for leading companies such as Longyuan Power and Three Gorges Energy [4][21]. - Nuclear Power: Expected stable profitability due to growth in installed capacity and generation, with recommendations for China Nuclear Power and China General Nuclear Power [4][21]. - Hydropower: High-dividend hydropower stocks are highlighted for their defensive attributes, with Longjiang Power recommended [4][21]. - Gas: Recommendations include China Resources Gas and Jiufeng Energy, which have strong pricing power and strategic advantages [4][21]. Sector Performance - In July, the public utility sector ranked 30th among 31 sectors, while the environmental sector ranked 22nd [1][15][23]. - The performance of various sub-sectors showed mixed results, with water utilities and gas sectors generally performing better than thermal and hydropower sectors [1][15][24]. Key Company Earnings Forecasts - Huadian International (600027.SH): EPS forecast for 2024A at 0.46 yuan, PE ratio at 11.5 [9]. - Longyuan Power (001289.SZ): EPS forecast for 2024A at 0.75 yuan, PE ratio at 21.8 [9]. - China Nuclear Power (601985.SH): EPS forecast for 2024A at 0.46 yuan, PE ratio at 19.9 [9]. - Longjiang Power (600900.SH): EPS forecast for 2024A at 1.33 yuan, PE ratio at 21.0 [9].

Investment Rating - The report maintains a "Buy" rating for several companies in the power and gas sectors, including China Power, Huaneng International, and Kunlun Energy, among others [49][51]. Core Insights - The adjustment of capacity prices for coal and gas power plants in Guangdong is expected to improve profitability for gas power plants significantly, with capacity prices increasing by 65% to 296% depending on the type of gas plant [4][10]. - The rapid development of renewable energy installations in Guangdong has increased the reliance on coal power for flexible peak regulation, with renewable energy capacity reaching 59.13 million kW by the end of 2024, accounting for 26.6% of the total installed capacity [9][10]. - The report highlights the geopolitical factors affecting natural gas prices, with European gas prices experiencing a slight increase due to renewed geopolitical tensions, while U.S. gas prices remain stable [13][20]. Summary by Sections 1. Power Sector - Guangdong has raised the capacity price for coal power plants to 165 RMB per kW per year starting January 1, 2026, and for gas power plants, prices will range from 165 to 396 RMB per kW per year starting August 1, 2025 [8][10]. - The increase in capacity prices is expected to provide annual revenue boosts of 1.72 billion RMB for Guangdong Power A and 350 million RMB for Guangzhou Development [11]. 2. Gas Sector - As of August 1, 2025, the Henry Hub spot price is $3.00/mmBtu, while the TTF spot price in Europe is €32.95/MWh, reflecting a week-on-week increase of 2.74% [13][14]. - The report notes that the domestic LNG price is 4388 RMB per ton, showing a week-on-week decrease of 1.06% [32]. 3. Market Review - The gas sector outperformed the Shanghai and Shenzhen 300 index, while the public utility, power, and environmental sectors lagged behind [39]. 4. Company and Industry Dynamics - The National Energy Administration has released guidelines to enhance the management of natural gas pipeline transportation prices, promoting transparency and optimizing resource allocation [37]. - The report discusses the performance of key companies, including Huaneng International and Inner Mongolia Huadian, with varying revenue and profit trends [44].

中新网湖北新闻8月4日电 (王璐 平丽娜)三峡工程是长江航运的重要枢纽。长江作为一条巨大的交通动 脉，其通畅与否，直接关系到沿江地区的经济发展和社会安定。三峡工程早在设计之初，就对航运方面 作了充分而科学的论证。三峡双线五级船闸、三峡升船机，是三峡枢纽工程的重要组成部分。作为世界 上连续级数最多、总水头和级间输水水头最高、技术最复杂的内河船闸，三峡双线五级船闸是长江大动 脉上的"要津"。 三峡双线五级船闸是全球最繁忙、技术最复杂的内河船闸。以2023年为例，当年三峡船闸运行11066闸 次，通过量1.69亿吨，创历史纪录。 船闸水头差113米，闸室、水位、阀门紧密耦合。船队过闸单程需操作500多道指令，涉及海量数据代 码。 船闸控制系统的核心组件是可编程逻辑控制器(PLC)。 三峡船闸 控制系统的可编程逻辑控制器(PLC)部分组件 (三峡工程博物馆供图) 啥是PLC？简单来说，它通过预先编写程序，给机器"定规矩"，让其自动运行。例如，智能家居可基于 PLC实现"如果天黑且有人经过，就开灯"。 "航运'要津'事关国计民生，一定要掌握在自己手中。"三峡集团所属流域管理中心枢纽管理部副主任专 业师朱华伟说。 为何要 ...