Core Viewpoint - The company, established in 2006 and listed in 2014, is a leading player in the domestic wind power sector, possessing unique project acquisition capabilities and advantages across the entire industry chain, indicating high investment value [1] Group 1: Business Performance - In Q3 2025, the company's revenue reached 3.41 billion yuan, ranking 6th in the industry, with the top competitor, Huadian New Energy, generating 29.479 billion yuan [2] - The net profit for the same period was 780 million yuan, also ranking 6th, while the industry leader reported a net profit of 8.37 billion yuan [2] - The company's revenue decreased by 11% year-on-year, and the net profit dropped by 36% year-on-year [5] Group 2: Financial Health - As of Q3 2025, the company's debt-to-asset ratio was 58.69%, slightly up from 58.43% year-on-year, and below the industry average of 60.48% [3] - The gross profit margin for Q3 2025 was 42.80%, which is comparable to the industry average of 42.94% but down from 51.82% in the previous year [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 3.93% to 189,000, while the average number of shares held per shareholder increased by 3.51% to 31,400 [5] - The second-largest shareholder is Hong Kong Central Clearing Limited, holding 76.7314 million shares, an increase of 14.6966 million shares from the previous period [5] Group 4: Management Compensation - The chairman, Jiang Likai, received a salary of 1.1965 million yuan in 2024, an increase of 678,700 yuan from 2023 [4] - The general manager, Yang Zhongxu, earned 608,300 yuan in 2024 [4] Group 5: Future Outlook - Analysts predict the company's net profit for 2025 to be 1.21 billion yuan, with a decline of 9.0%, followed by growth in 2026 and 2027 [6] - The company is expected to benefit from the new round of renewable energy development goals and the potential recovery of wind power asset returns [6]

Core Insights - The company reported a revenue of 3.41 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 10.50% [1] - The net profit attributable to shareholders was 750 million yuan, down 36.45% year-on-year [1] - The net profit excluding non-recurring items was 723 million yuan, reflecting a year-on-year decrease of 37.34% [1] - The basic earnings per share stood at 0.116 yuan [1]

Core Insights - The company, China Energy Wind Power Co., Ltd. (referred to as "节能风电"), reported a decline in revenue and net profit for the first three quarters of 2025, with revenue at 3.41 billion yuan, down 10.5% year-on-year, and net profit at 750 million yuan, down 36.45% year-on-year [1] Financial Performance - Revenue for the first three quarters of 2025 was 3.41 billion yuan, reflecting a year-on-year decrease of 10.5% [1] - Net profit attributable to shareholders was 750 million yuan, showing a year-on-year decline of 36.45% [1] Operational Capacity - As of September 30, 2025, the company had a cumulative installed capacity of 6.26216 million kilowatts and an equity installed capacity of 6.02786 million kilowatts [1] - The operational installed capacity stood at 6.14216 million kilowatts [1] Project Development - The company has been actively expanding its project development pathways and increasing its wind power resource reserves [1] - By the end of the third quarter, the company added new registered and construction indicator project capacity of 1.23375 million kilowatts (including independent energy storage), which accounts for approximately 20.09% of the operational installed capacity as of the third quarter of 2025 [1]

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the third quarter, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved a revenue of 966 million yuan in the third quarter, representing a year-on-year decrease of 17.25% [1] - The net profit attributable to shareholders was 120 million yuan, down 60.95% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 115 million yuan, reflecting a year-on-year decline of 61.44% [1] - The basic earnings per share were reported at 0.018 yuan [1]

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the third quarter and the first three quarters of 2025, attributed to lower average electricity prices and increased wind power curtailment losses in certain regions [1] Financial Performance - Q3 2025 revenue was 966 million yuan, a year-on-year decrease of 17.25% (adjusted) [1] - Q3 2025 net profit was 120 million yuan, a year-on-year decrease of 60.95% (adjusted) [1] - Revenue for the first three quarters of 2025 was 3.41 billion yuan, a year-on-year decrease of 10.50% (adjusted) [1] - Net profit for the first three quarters of 2025 was 750 million yuan, a year-on-year decrease of 36.45% (adjusted) [1] Market Conditions - The decline in financial performance is linked to a decrease in average electricity prices and an increase in wind power curtailment losses in specific regions [1]

| 证券代码：601016 | 证券简称：节能风电 | | | 公告编号：2025-076 | | --- | --- | --- | --- | --- | | 转债代码：113051 | 转债简称：节能转债 | | | | | 债券代码：137801 | 债券简称：GC 风电01 | | | | | 债券代码：115102 | 债券简称：GC 风电 | | K1 | | | 债券代码：242007 | 债券简称：风电 | WK01 | | | | 债券代码：242008 | 债券简称：风电 | WK02 | | | | 债券代码：242932 | 债券简称：25 风电 | | K2 | | 中节能风力发电股份有限公司 第六届董事会第三次会议决议公告 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。 一、董事会会议召开情况 中节能风力发电股份有限公司（以下简称"公司"）第六届董事 会第三次会议于 2025 年 10 月 17 日以电子邮件的形式向全体董事送 达了会议通知及材料，于 2025 年 10 月 28 日以通讯表决方 ...

Group 1 - The core viewpoint of the article highlights the financial performance of Energy Saving Wind Power for the third quarter of 2023, indicating a decline in both revenue and net profit compared to the previous year [1] - The company's revenue for the first three quarters of 2025 is approximately 3.41 billion yuan, representing a year-on-year decrease of 10.5% [1] - The net profit attributable to shareholders of the listed company is about 750 million yuan, showing a year-on-year decline of 36.45% [1] - The basic earnings per share is reported at 0.116 yuan, which is a decrease of 36.61% year-on-year [1] - As of the report, the market capitalization of Energy Saving Wind Power stands at 20.3 billion yuan [1] Group 2 - The article also mentions a significant market development, noting that the A-share market has surpassed 4000 points, marking a resurgence after a decade of stagnation [1] - It indicates that the technology sector is reshaping the market, leading to the emergence of a "slow bull" market pattern [1]

选举委员的提案获得通过后，新任委员在董事会会议结束后立即就任。 中节能风力发电股份有限公司 董事会战略委员会工作细则 第一章 总 则 第一条 为适应中节能风力发电股份有限公司（以下简称"公司"）战略发展 需要，增强公司核心竞争力，确定公司发展规划，提高业务发展水平与能力，健 全投资决策程序，加强决策科学性，提高重大决策的效益和决策的质量，完善公 司治理结构，根据《中华人民共和国公司法》《中华人民共和国证券法》《上市 公司治理准则》《上海证券交易所股票上市规则》《中节能风力发电股份有限公 司章程》（以下简称"公司章程"）及其他有关规定，公司董事会设立战略委员会， 并制定本工作细则。 第二条 战略委员会是董事会按照公司章程设立的专门工作机构，主要负责 对公司长期发展战略和重大投资决策进行研究并提出建议。 第二章 人员组成 第三条 战略委员会成员由五名董事组成，其中至少有一名独立董事。 第四条 战略委员会委员由董事长、二分之一以上独立董事或全体董事三分 之一以上提名，并由董事会选举产生。 第五条 战略委员会设主席一名，主席由董事会任命，负责主持委员会工作。 第六条 战略委员会任期与董事会任期一致，委员任期届满，连选 ...

中节能风力发电股份有限公司经理层成员 业绩考核管理办法 第一章 总则 第一条 为维护所有者权益，落实国有资产保值增值责任， 建立有效的激励和约束机制，根据集团公司经营业绩考核有关 办法、经理层成员任期制和契约化管理办法，结合中节能风力 发电股份有限公司（以下简称风电公司）实际，制定本办法。 第二条 本办法所称经理层成员是指风电公司总经理、副总 经理、总会计师。 第三条 经理层成员业绩考核遵循以下原则： (一) 以资产保值增值、实现公司发展战略和落实董事会下 达的年度业绩指标为目标。 (二) 落实年度重点工作任务，建立层层落实的责任体系， 增强考核工作的科学性、针对性和公平性。 第六条 本办法适用于经理层成员任职期间业绩考核管理， 自任职之日起执行，至《聘任协议》终止之日终止。 第二章 考核职责 第七条 考核机构与职责 (一) 董事会 (三) 激励与约束机制相统一，经理层成员薪酬水平与风电 公司业绩考核结果相衔接，实现"业绩升，薪酬升，业绩降， 薪酬降"。 (四) 经营业绩考核指标及程序简单有效、操作性强。 第四条 风电公司党委研究讨论经理层业绩考核管理制度为 前置程序，充分发挥党委领导作用；经理层成员经营业绩 ...

中节能风力发电股份有限公司经理层成员 任期制和契约化管理办法 第一章 总则 第一条 为积极探索国有企业干部选任制度改革，有序推进 经理层成员契约化管理，完善中节能风力发电股份有限公司 （以下简称风电公司）经理层成员管理机制，根据党中央、国 务院国资委有关规定和中国节能环保集团有限公司（以下简称 集团公司）工作指引，按照风电公司章程，制定本办法。 第二条 本办法所称经理层成员是指风电公司总经理、副总 经理和总会计师。 第三条 实行契约化管理，主要是遵循市场规律，结合风电 公司特点和实际，对经理层成员实行聘任制，明确任职期限， 并通过签订《聘任协议》和《业绩考核责任书》，约定经理层 成员责任、权利、义务，实施聘期管理和目标考核，激发经理 层成员干事创业活力。 第四条 经理层成员契约化管理遵循以下原则： (一)坚持党管干部原则； (二)坚持公司治理规范原则； (三)坚持以业绩为导向的市场化管理原则； (四)坚持严管与厚爱结合、激励与约束并重原则。 第二章 职责权限 第 1 页 共 5 页 第五条 风电公司党委前置研究讨论经理层成员《聘任协 议》、《业绩考核责任书》主体内容、薪酬管理办法、业绩考 核办法，明确经理层成 ...