，重点探讨 ALK/PEM/AEM制氢技术 市场发展现状，关键部材及制氢系统技术工艺创新、绿氢项目应用新趋势等话题，欢迎参与！ 业企业及光伏行业协会负责人作交流发言。 出，实现健康、可持续发展 。行业企业要大力弘扬企业家精神，锚定正确方向，致力技术创新，坚守质量安全底线，加强国际合作，进一步拓展光伏应用的深度和 2万亿元，约同比增长了8.36%，整体资产负债率为63.24%，同比增长2.65个百分点。若加上港股美股上市企业、光伏非上市企业、正在排队IPO的企业，以及大 超500亿元，3家企业总负债超千亿 。 扫码报名 | (1) | | 光伏企业总负债排行榜 (亿元) | | | --- | --- | --- | --- | | 排序 | 证券简称 | 总负债 | 同比増长 | | l | 三峡能源 | 2533.58 | 12.41% | | 2 | 通威股份 | 1510. 37 | 41.78% | | 3 | 特变电工 | 1212.92 | 12.98% | | 4 | 天合光能 | 932. 12 | -2.02% | | 5 | 正泰电器 | 930. 76 | 25.41% | | ર | ...

Core Viewpoint - The China Securities Index for Modern Energy of State-Owned Enterprises has shown mixed performance, with a slight increase recently but a year-to-date decline, reflecting the overall trends in the modern energy sector [1][2]. Group 1: Index Performance - The index closed at 1284.8 points, with a trading volume of 20.648 billion yuan [1]. - Over the past month, the index has increased by 1.23%, and over the last three months, it has risen by 1.36%, while it has decreased by 4.08% year-to-date [1]. Group 2: Index Composition - The index is composed of 50 listed companies involved in green energy, fossil energy, and energy transmission and distribution, reflecting the performance of modern energy theme companies [1]. - The top ten weighted companies in the index include: - Changjiang Electric Power (10.02%) - Guodian NARI Technology (7.44%) - China Nuclear Power (6.4%) - Three Gorges Energy (5.1%) - Aluminum Corporation of China (4.68%) - Guodian Power (3.71%) - China Power Construction (3.49%) - China Shenhua Energy (3.08%) - State Power Investment Corporation (3.01%) - China National Petroleum Corporation (2.97%) [1]. Group 3: Market and Sector Breakdown - The Shanghai Stock Exchange accounts for 81.96% of the index's holdings, while the Shenzhen Stock Exchange represents 18.04% [1]. - In terms of industry distribution, the index's sample shows: - Utilities: 44.88% - Industrials: 22.59% - Energy: 17.31% - Materials: 14.35% - Communication Services: 0.88% [2]. Group 4: Index Adjustment and Fund Tracking - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [2]. - Public funds tracking the index include: - Harvest CSI National New State-Owned Enterprises Modern Energy Link A - Harvest CSI National New State-Owned Enterprises Modern Energy Link C - ICBC CSI National New State-Owned Enterprises Modern Energy ETF - Bosera CSI National New State-Owned Enterprises Modern Energy ETF - Harvest CSI National New State-Owned Enterprises Modern Energy ETF [2].

Core Insights - In the first half of this year, the Three Gorges Hub has efficiently operated its navigation structures, achieving a cumulative cargo volume exceeding 80 million tons, thereby maximizing the shipping efficiency of the Yangtze River [1] Group 1: Operational Performance - The Three Gorges Ship Lock operated 5,206 times, facilitating 19,125 vessels with a cargo volume of 81.4 million tons [1] - The Three Gorges Ship Lift had 1,790 loaded operations, passing 1,810 vessels and accommodating over 280,000 passengers, with a cargo volume of 758,000 tons [1] - The combined operation of the Three Gorges Ship Lock and Ship Lift has effectively enhanced shipping efficiency [1] Group 2: Technical Specifications - The Three Gorges Ship Lock is recognized as the most complex inland ship lock globally, with the highest total head and inter-stage water head, designed for an annual throughput capacity of 100 million tons [1] - Since its opening to public vessels on June 18, 2003, the cumulative cargo volume through the lock has reached 2.24 billion tons, with annual cargo volumes consistently exceeding 100 million tons for 11 consecutive years and surpassing 150 million tons for the last three years, peaking at 168 million tons [1] Group 3: Economic Impact - The Three Gorges Ship Lift has facilitated over 1.8 million tourists since its trial operation on September 18, 2016, contributing to the high-quality development of the Yangtze River Economic Belt [1]

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。 ...