Group 1: ETF Performance and Liquidity - The New Energy ETF has a turnover rate of 1.64% with a transaction volume of 14.5887 million yuan as of June 27 [3] - Over the past year, the average daily transaction volume of the New Energy ETF is 35.6371 million yuan, with a recent weekly scale increase of 1.9363 million yuan [3] - The net value of the New Energy ETF has increased by 8.10% over the past year, with the highest monthly return since inception being 25.07% and the longest consecutive monthly increase being 2 months [3] Group 2: Valuation Metrics - The valuation of the index tracked by the New Energy ETF, the CSI New Energy Index, is at a historical low, with the latest price-to-book ratio (PB) at 2.05 times, which is lower than 86.85% of the time over the past five years [3] Group 3: Stock Performance - Notable stock performances include: - Contemporary Amperex Technology Co., Ltd. (宁德时代) with a rise of 0.26% [5] - Sungrow Power Supply Co., Ltd. (阳光电源) with an increase of 3.62% [5] - Longi Green Energy Technology Co., Ltd. (隆基绿能) with a rise of 2.68% [5] - The top ten weighted stocks in the CSI New Energy Index account for 44.89% of the index, including major players like Ningde Times and Sungrow [6] Group 4: Market Developments - The electricity spot market trial in Henan province is underway from June 19 to June 27, aiming to optimize resource allocation and improve price connections between long-term and spot electricity markets [5] - Xinjiang's new energy electricity price market reform is expected to lead to a lower price floor for incremental projects, with a high probability of approaching 0.150 yuan per kilowatt-hour [6]

证券代码：600905 证券简称：三峡能源 公告编号：2025-041 中国三峡新能源（集团）股份有限公司 2024年度股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 6 月 27 日 (二)股东大会召开的地点：北京市通州区粮市街 2 号院成大中心 5 号楼 425 会议 室 (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： | 1、出席会议的股东和代理人人数 | 5,197 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 20,271,837,675 | | 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（%） | 70.8344 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会的召集、召开形式和程序符合《公司法》《证券法》《中国三峡 新能源（集团）股份有限公司章程》《 ...

北京市中伦律师事务所 关于中国三峡新能源（集团）股份有限公司 2024 年度股东大会的 法律意见书 2025 年 6 月 法律意见书 北京市朝阳区金和东路 20 号院正大中心 3 号南塔 22-31 层 邮编：100020 22-31/F, South Tower of CP Center, 20 Jin He East Avenue, Chaoyang District, Beijing l00020, P.R. China 电话/Tel : +86 10 5957 2288 传真/Fax : +86 10 6568 1022/1838 www.zhonglun.com 北京市中伦律师事务所 关于中国三峡新能源（集团）股份有限公司 2024 年度股东大会的法律意见书 致：中国三峡新能源（集团）股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受中国三峡新能源（集团） 股份有限公司（以下简称"公司"）委托，指派本所律师对公司 2024 年度股东 大会（以下简称"本次股东大会"）的合法性进行见证并出具法律意见。 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"）、 中国证券监督管理委员会（ ...

Group 1 - The core point of the announcement is the change in accounting estimate regarding the functional currency of the wholly-owned overseas subsidiary, China Three Gorges New Energy (Hong Kong) Co., Ltd., from Hong Kong Dollar (HKD) to Euro (EUR) effective from July 1, 2025 [1] - The reason for the change is to better reflect the company's financial status and operating results, as the subsidiary primarily conducts its business transactions in Euro, and using HKD as the functional currency could lead to significant foreign exchange gains or losses due to currency fluctuations [1] - The change will not have a significant impact on the company's financial status and operating results for the year ending June 30, 2025, as it will be applied prospectively without retrospective adjustment [1] Group 2 - The audit committee reviewed and approved the proposal to change the functional currency, stating that it complies with the relevant accounting standards [1] - The board of directors also agreed to the change, emphasizing the need for an objective and fair representation of the company's financial condition and performance [1]

证券代码：600905 证券简称：三峡能源 公告编号：2025-040 中国三峡新能源（集团）股份有限公司 关于会计估计变更的公告 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： 本次会计估计变更采用未来适用法，无需追溯调整，拟自 2025 年 7 月 1 日起开始执行，本次变更不会对中国三峡新能源 （集团）股份有限公司（以下简称公司）2025 年 6 月 30 日及以 前年度财务状况和经营成果产生重大影响。 公司于2025年6月25日召开第二届董事会第三十九次会议， 审议通过了《关于境外子公司变更记账本位币的议案》。本次公 司会计估计变更事项无需提交股东大会审议，相关会计估计变更 的具体情况如下。 一、会计估计变更概述 （一）变更原因 公司全资境外子公司中国三峡新能源（香港）有限公司（以 下简称香港公司）主要从事投资与资产管理业务，以港币（HKD） 为记账本位币，日常业务收支以欧元为主。根据《企业会计准则 第19号——外币折算》的规定，对于企业发生的外币交易，应当 1 将外币金额折算为记账本位币金额。在汇率波 ...

中国三峡新能源（集团）股份有限公司第二届监事会第二十 一次会议于 2025 年 6 月 25 日以书面签署决议的方式召开，会议 通知已于 2025 年 6 月 20 日以电子邮件方式发出。本次会议应参 会表决监事 3 人，实际参会表决监事 3 人，本次会议的召集召开 符合《公司法》和《公司章程》的有关规定，会议合法有效。与 会监事以记名投票方式表决，形成决议如下： 审议通过《关于境外子公司变更记账本位币的议案》 证券代码：600905 证券简称：三峡能源 公告编号：2025-039 中国三峡新能源（集团）股份有限公司 第二届监事会第二十一次会议决议公告 本公司监事会及全体监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。 具体内容详见公司同日披露的《中国三峡新能源（集团）股 份有限公司关于会计估计变更的公告》（公告编号：2025-040）。 表决结果：同意 3 票，反对 0 票，弃权 0 票。 特此公告。 中国三峡新能源（集团）股份有限公司监事会 2025 年 6 月 25 日 监事会认为:中国三峡新能源（香港）有限公司变更记账本 位币，符合《企业 ...

证券代码：600905 证券简称：三峡能源 公告编号：2025-038 中国三峡新能源（集团）股份有限公司 第二届董事会第三十九次会议决议公告 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 二届董事会第三十九次会议于 2025 年 6 月 25 日在北京以现场结 合通讯方式召开，会议通知已于 2025 年 6 月 20 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 8 名，赵增海 董事委托杜至刚董事出席会议并代为行使表决权。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《关于营口燃气联合循环调峰发电项目投资决策 的议案》 同意通过公开交易方式收购三峡集团（营口）能源投资有限 公司 65%股权，并承接股东借款等有关债务，预计股权收购价格 不超过 5031.792 万元，关联交易金额不超过 11,220.852 万元。 ...

Group 1 - The Shanghai Composite Index opened lower but rose throughout the day, with the CSI 300 Utilities (secondary industry) index reported at 2669.83 points [1] - The CSI 300 Utilities index has decreased by 1.10% over the past month, increased by 5.80% over the past three months, and has declined by 1.36% year-to-date [1] - The CSI 300 index categorizes its 300 sample stocks into 11 primary industries, 35 secondary industries, over 90 tertiary industries, and more than 200 quaternary industries, providing a comprehensive analysis tool for investors [1] Group 2 - The top ten holdings in the CSI 300 Utilities index are: Changjiang Electric (49.31%), China Nuclear Power (10.16%), Three Gorges Energy (8.03%), Guodian Power (5.52%), State Power Investment (4.65%), Huaneng International (4.17%), Chuanwei Energy (4.09%), China General Nuclear Power (3.81%), Zhejiang Energy (2.82%), and Huadian International (2.5%) [1] - The market share of the CSI 300 Utilities index is dominated by the Shanghai Stock Exchange at 95.87%, while the Shenzhen Stock Exchange accounts for 4.13% [2] - In terms of industry composition, hydropower constitutes 60.36%, thermal power 15.01%, nuclear power 13.97%, wind power 8.36%, and gas power 2.31% of the index [2] Group 3 - The index samples are adjusted biannually, with adjustments implemented on the next trading day following the second Friday of June and December each year [2] - Weight factors are adjusted in accordance with the regular sample adjustments, which occur at the same time as the index sample adjustments [2] - Temporary adjustments to the index samples occur when the CSI 300 index undergoes changes, and special events affecting sample companies may also lead to corresponding adjustments in the CSI 300 industry index [2]

Core Viewpoint - Liaoning is leveraging the construction of a 131 million kilowatt offshore wind power project to transition from an old industrial base to a green economy, aligning with the "dual carbon" goals of China [2][3]. Group 1: Offshore Wind Power Development - The offshore wind power industry is becoming a key driver for economic growth and energy security globally, with China establishing a significant advantage in this sector [3]. - Liaoning has a vast marine resource base with over 50 million kilowatts of economically viable offshore wind energy, supported by a coastline of 2,290 kilometers [3][4]. - The province aims to develop two large offshore wind power bases, each exceeding 5 million kilowatts, contributing to a new production capacity worth over 1 trillion yuan [7]. Group 2: Economic Impact - The initiation of the 131 million kilowatt offshore wind power project is expected to attract nearly 1 trillion yuan in investments, generate an annual output value exceeding 100 billion yuan, and create over 100,000 jobs [4]. - The wind power industry is anticipated to become a significant force in driving the economic prosperity of Liaoning and establishing it as a maritime powerhouse [4][5]. Group 3: Industrial Transformation - The development of the offshore wind power sector is part of a broader strategy to upgrade traditional industries in Liaoning, which have historically relied on resource-intensive practices [5][6]. - Liaoning's industrial base includes over 150 enterprises in the wind power supply chain, with strengths in advanced equipment manufacturing [5]. - The province is focusing on green alternatives in traditional sectors like metallurgy and petrochemicals, while also fostering new industries such as hydrogen and ammonia production [6].

Group 1 - The core index of the China Mainland Enterprises Global Public Utilities Composite Index (CN Public Composite) is reported at 2593.80 points, with a recent decline of 2.72% over the past month, an increase of 2.15% over the past three months, and a year-to-date decrease of 1.15% [1] - The index is based on the classification of China Mainland Enterprises according to the China Securities Index industry classification standard, reflecting the overall performance of different industry securities [1] - The index has a base date of December 31, 2004, with a base point of 1000.0 [1] Group 2 - The top ten holdings of the CN Public Composite Index include: Changjiang Electric Power (22.5%), China Nuclear Power (4.68%), Three Gorges Energy (3.65%), Xin'ao Energy (2.75%), Guodian Power (2.52%), China Resources Power (2.14%), Guotou Power (2.14%), Huaneng International (1.95%), Chuan Investment Energy (1.88%), and Kunlun Energy (1.84%) [1] - The market segment distribution of the index shows that the Shanghai Stock Exchange accounts for 66.03%, the Hong Kong Stock Exchange for 18.03%, the Shenzhen Stock Exchange for 15.72%, and the Beijing Stock Exchange for 0.22% [2] - The industry composition of the index indicates that electricity and grid account for 76.17%, gas for 14.13%, water services for 5.52%, heating and others for 2.75%, and municipal sanitation for 1.43% [2] Group 3 - The index sample is adjusted every six months, with adjustments implemented on the next trading day after the second Friday of June and December each year [2] - In special circumstances, the index may undergo temporary adjustments, particularly when there are changes in the industry classification of sample companies or if a sample company is delisted [2] - Events such as mergers, acquisitions, spin-offs, and suspensions of sample companies are handled according to calculation and maintenance guidelines [2]