Mergers and Acquisitions - Ningbo Energy plans to acquire 40% equity stake in Ningbo Yongchuang Power Technology Co., Ltd. from Zhejiang Desheng New Energy Technology Co., Ltd. The acquisition will result in Ningbo Energy holding 100% equity in Yongchuang Power after completion [1] - Zhejiang Rongtai signed a letter of intent on June 25 to acquire a portion of shares from Guangdong Jinli Intelligent Transmission Technology Co., Ltd. and will increase its capital in Jinli Transmission, aiming to hold no less than 15% of the shares [2] Shareholding Changes - Fuzhou Energy Group and its concerted party plan to increase their holdings in Fuzhou Energy Co., Ltd. through various methods, with a total investment amount between 100 million and 200 million yuan [3] - Yingli Automotive's controlling shareholder plans to reduce its stake by up to 3%, which amounts to a maximum of 47.57 million shares [4] - The National Integrated Circuit Industry Investment Fund Phase II has reduced its stake in Sitaiwei by 0.65%, totaling 261,200 shares [5] Risk Matters - Chenzhou International received an administrative penalty of 970,000 yuan due to an electric shock incident during a project [6] - Qicai Chemical has been notified of a lawsuit involving an amount of 200 million yuan, currently in the second instance stage [7] - Hailian Jinhui confirmed that there are no violations of information disclosure regulations and that its operational situation remains normal [8]

一、行政处罚决定书主要内容 2024 年 12 月 9 日，郴州分公司郴州北湖 110kV 北两线更换架空 地线工程由湖南东江电力工程有限公司承包施工，承包方在施工过程 中，发生一起触电事故，导致 1 名施工人员伤亡。郴州市应急管理局、 国家能源局湖南监管办公室分别对该事故进行了调查核实，作出以下 处罚决定： （一）《行政处罚决定书》[（湘郴）应急罚〔2025〕37 号]主 要内容 郴州市应急管理局经调查核实，在此次事故中，郴州分公司违反 《中华人民共和国安全生产法》第四十一条第一款"生产经营单位应 当建立安全风险分级管控制度，按照安全风险分级采取相应的管控措 施"、第四十一条第二款"生产经营单位应当建立健全并落实生产安 全事故隐患排查治理制度，采取技术、管理措施，及时发现并消除事 故隐患"的规定，决定对郴州分公司作出人民币伍拾贰万元整罚款的 行政处罚。 证券代码：600969 证券简称：郴电国际 公告编号：2025-034 湖南郴电国际发展股份有限公司 关于公司收到《行政处罚决定书》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 ...

Core Viewpoint - Chenzhou Electric International has been fined a total of 970,000 yuan due to an electric shock incident during a project, with penalties imposed by local emergency management and energy regulatory authorities [1] Group 1: Incident Details - The company’s Chenzhou branch was fined 520,000 yuan by the Chenzhou Emergency Management Bureau and 450,000 yuan by the Hunan Regulatory Office of the National Energy Administration [1] - The total fine amounts to 970,000 yuan [1] Group 2: Company Response - The company has implemented corrective measures, including strengthening qualification reviews and establishing a safety risk grading control system to prevent similar incidents in the future [1] - The incident is not expected to have a significant impact on the company's production operations and financial status [1]

Core Points - Hunan Chendian International Development Co., Ltd. (Chendian International) faced a fine for subcontracting power construction projects to unqualified units and failing to implement safety risk control measures [2][3] - The company was fined 400,000 RMB and ordered to rectify the issues by the Hunan Energy Regulatory Office [2][3] - In addition, the company had to pay a total of 15.37 million RMB in taxes and penalties due to tax audits conducted by local tax authorities [3] Financial Performance - In 2024, Chendian International reported a revenue of 4.29 billion RMB, a 9.47% increase from 3.92 billion RMB in 2023 [4] - The net loss attributable to shareholders decreased from 61.70 million RMB in 2023 to 36.27 million RMB in 2024, reflecting a 41.21% improvement [4] - The company’s cash flow from operating activities significantly increased by 185.41%, reaching approximately 1.26 billion RMB in 2024 [4] Company Overview - Chendian International was established in December 2000 and is the first A-share listed company in Chenzhou, with a registered capital of approximately 370 million RMB [6][7] - The company operates in six main sectors: power supply, urban water supply, hydropower development, wastewater treatment, industrial gases, and new energy [6] - As of June 20, 2025, the company's stock price was 6.83 RMB, with a slight increase of 0.29% [8]

Group 1 - Hunan Chendian International has signed strategic cooperation agreements with Energypool Resources Limited and Kafue Gorge Regional Training Centre to develop photovoltaic projects in Zambia, specifically a 50MW project in Choma and a 10MW solar park in Namalundu [1] - The company will hold 85% and 90% stakes in the respective projects, with a cooperation period of three years, utilizing both cash and technology for investment [1] - The demand for photovoltaic projects in Zambia is driven by the country's reliance on hydropower, which is vulnerable to drought, leading to energy shortages [2] Group 2 - Hunan Chendian International has experience in the photovoltaic sector, having completed multiple projects, which positions the company well for future expansions [2] - The company plans to increase the registered capital of its subsidiary, Hunan Chendian New Energy Development Co., Ltd., by 150 million yuan to enhance market competitiveness [2] - Other Chinese companies are also responding to Zambia's photovoltaic market needs, with significant projects being undertaken by China Power Construction Corporation and China National Materials Group [2] Group 3 - Photovoltaic projects can provide stable electricity for mining and agriculture in Zambia, which are critical sectors for the economy, and can also improve local infrastructure and attract foreign investment [3] - Compared to other energy sources, photovoltaic projects have shorter construction periods and can reduce transmission losses by providing localized power [3] - The success of photovoltaic projects in Zambia could serve as a model for other countries, showcasing the potential for international cooperation and technological innovation in renewable energy [3]

Recent Activities - Indonesia Discovery Program 2025: Healthcare is a three-day on-site visit program aimed at helping Chinese companies explore opportunities in the Indonesian healthcare market, scheduled for July 29-31 in Jakarta [2] Company Dynamics - TikTok's overseas monthly active users on mobile devices have surpassed 1 billion for the first time [3] - JD Logistics has reportedly recruited over 1,000 team members in Saudi Arabia [3] - AliExpress has launched a car sales business, initially offering Chinese electric vehicles in the Middle East [3] - Geek+ has received a listing notification from the China Securities Regulatory Commission, indicating plans to list in Hong Kong [4] - The European Central Bank President Christine Lagarde's visit to China signals potential expansion of autonomous driving services in Europe [4] - Trip.com has opened over 1,100 overseas positions across 75 cities in 23 countries, aiming for a significant increase in international revenue [5] - Ant Group's Ant Financial has initiated the application for a stablecoin license in Hong Kong [6] - XPeng Motors aims to introduce advanced driver assistance systems in Hong Kong [7] - Chery plans to use Hong Kong as a new starting point for international capital markets [7] - Leap Motor has officially entered the Hong Kong market and is planning localization in Europe and Southeast Asia [7] - Changan Automobile has established nine out of twenty planned overseas factories and is expanding into over 100 countries [8] - GAC plans to enter the Argentine market by the second half of 2025 [8] - TSMC's construction plans for new factories in Japan and Germany may be adjusted due to local market conditions [8] - TikTok is set to expand its investment in the UK to approximately £140 million, creating over 500 new jobs [9] - Transsion's TECNO has formed a strategic partnership with MCR Group to enter the Spanish market [9] - CnEnergy International has signed strategic cooperation agreements for solar projects in Zambia [9] Macro Policies & Industry Data - In the first five months of 2023, China's electric vehicle exports increased by 19%, and industrial robot exports surged by 55.4% [12] - China's trade with Africa has grown significantly, with an average annual growth rate of 14.2% since the establishment of the China-Africa Cooperation Forum [12] - In the first five months, China's automobile exports reached 2.49 million units, a year-on-year increase of 7.9% [13] - The Hong Kong government is actively seeking to attract more Chinese companies to list in Hong Kong [13] - The interconnectivity project between mainland China and Hong Kong's rapid payment systems is progressing smoothly [13] - The Yangtze River Delta region has seen significant growth in cross-border e-commerce and high-end equipment exports [14] Investment and Financing - Yige Cloud has completed a nearly 100 million yuan Pre-B round of financing to enhance its AI-driven enterprise office support platform [15] - Yinghan Power has secured several million yuan in Pre-A+ financing to develop new training devices for professional sports [15] - Liuxing Technology has completed several million yuan in Pre-A financing to advance its intelligent three-dimensional perception technology [15]

证券代码：600969 证券简称：郴电国际 公告编号：2025-033 湖南郴电国际发展股份有限公司 关于签订战略合作协议的公告 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： 履约的不确定性:本次签署的《赞比亚 CHOMA 地区 50MW 光伏项目战略合 作协议》《赞比亚纳马伦杜太阳能公园 10MW 光伏项目战略合作协议》为双方基 于战略合作意愿订立的框架性文件，本次签订的战略合作协议所涉及的具体合作 事项需通过后续另行签订合资协议明确，合作事项及实际实施进展存在不确定性， 敬请广大投资者注意投资风险； 对公司当年业绩的影响:本次签订的战略合作协议不涉及具体金额，对公 司未来经营业绩的影响需视项目的推进和实施情况而定，本次合作不会导致公司 主营业务、经营范围发生变化，对公司独立性没有影响，不存在损害公司及股东 利益的情形。 一、框架协议签订的基本情况 2025 年 6 月 12 日，湖南郴电国际发展股份有限公司（以下简称 "公司"）分别与 Energypool Resources Limited（中文名赞比亚 ...

Core Viewpoint - The company has signed strategic cooperation agreements for solar projects in Zambia, indicating a commitment to renewable energy development in the region [1] Group 1: Agreements and Projects - The company signed two strategic cooperation agreements on June 12, 2025, for a 50MW solar project in the Choma region and a 10MW solar park in Namalundu, Zambia [1] - The agreements involve comprehensive collaboration on project preparation, financing, development, and management [1] Group 2: Ownership and Investment - The company will hold an 85% stake in the Choma project and a 90% stake in the Namalundu project, contributing cash and technology [1] - The cooperation period for both projects is set for three years [1] Group 3: Financial Impact - The agreements do not specify any financial amounts, and the impact on the company's future performance will depend on the progress and implementation of the projects [1]

Group 1 - The core business of Hunan Chendian International Development Co., Ltd. includes power supply, water supply, industrial gas, waste heat power generation, and hydropower development and investment [1] - As of the first quarter of 2025, the company reported a revenue of 1 billion yuan, a slight increase of 0.03% year-on-year, and a net profit of 10.84 million yuan, showing a significant increase of 1307.87% year-on-year [1] - The latest closing price of the company's stock is 7.48 yuan, with a market capitalization of 2.768 billion yuan and a price-to-book ratio of 0.78, marking a new low in 13 days [1] Group 2 - The company is among 9 institutions holding shares, with a total of 160.10 million shares valued at 1.061 billion yuan [1] - The average price-to-earnings (PE) ratio in the industry is 23.35, while the company's PE (TTM) is -105.66, indicating a significant underperformance compared to industry averages [2] - The company's sales gross margin stands at 5.89% [1]

Core Viewpoint - The company, Hunan Chendian International Development Co., Ltd., has recently held its annual shareholder meeting and performance briefing, discussing future plans, performance, and market management strategies [2][3][4]. Group 1: Stock Performance - As of May 23, 2025, the stock price of Chendian International closed at 7.36 yuan, down 0.41% from the previous week [1]. - The stock reached a peak price of 8.2 yuan on May 21, 2025, and a low of 7.35 yuan on May 23, 2025 [1]. - The current total market capitalization of Chendian International is 2.724 billion yuan, ranking 95th out of 102 in the power sector and 4346th out of 5148 in the A-share market [1]. Group 2: Annual Shareholder Meeting - The 2024 annual shareholder meeting was held on May 23, 2025, with 231 shareholders and proxies present, representing 159,349,871 shares, or 43.0616% of the total voting shares [3][4]. - The meeting approved multiple resolutions, including the 2024 annual board report, financial statements, profit distribution plan, and proposals for related party transactions and asset impairment provisions, all receiving over 98% approval [3][4]. - The meeting was conducted in compliance with legal regulations, with the presence of legal representatives from Hunan Tiandi Law Firm confirming its validity [4]. Group 3: Performance Briefing - A performance briefing for the 2024 fiscal year and the first quarter of 2025 was held on May 21, 2025, where company executives engaged with investors on various topics, including future planning and performance targets [2]. - A total of 13 questions were raised by investors during the briefing, reflecting their interest in the company's strategic direction and market performance [2].