Group 1 - The core viewpoint of the article emphasizes that the quality of the company's core business is fundamental to investment value and an important aspect of market capitalization management [1] - The company is committed to strengthening corporate governance, improving operational efficiency, and maintaining sustainable profitability to enhance investment value through solid performance in its core business [1] - The company places a high priority on shareholder returns, with cumulative cash dividends since its listing amounting to 64.86% of the cumulative net profit attributable to shareholders during the same period, sharing development results with investors [1]

Core Viewpoint - Yongxing Co., Ltd. (601033.SH) announced that its shareholder, Guangzhou Urban Investment Co., Ltd., plans to reduce its stake in the company to meet its own funding needs, adhering to relevant laws and commitments [1] Summary by Categories - **Shareholder Actions** - Guangzhou Urban Investment Co., Ltd. intends to reduce its holdings by up to 9.375 million shares, which represents no more than 1.042% of the company's total share capital [1] - **Reduction Plan Details** - The reduction will be executed through centralized bidding and block trading methods, with the reduction period set for three months starting from 15 trading days after the announcement [1]

Core Viewpoint - The company Yongxing Co., Ltd. (601033.SH) announced that its shareholder Guangzhou Urban Investment Co., Ltd. plans to reduce its stake in the company through centralized bidding and block trading to meet its own funding needs [1] Summary by Category Shareholder Actions - Guangzhou Urban Investment Co., Ltd. intends to reduce its holdings by a total of up to 9.375 million shares, which represents no more than 1.042% of the company's total share capital [1] Timeline - The reduction period will commence 15 trading days after the announcement and will last for three months [1]

Group 1 - The core point of the article is that Yongxing Co., Ltd. (601033.SH) plans to reduce its shareholding through centralized bidding and block trading to meet its funding needs for business development [1] Group 2 - The total number of shares to be reduced is up to 9.375 million shares, which accounts for no more than 1.042% of the company's total share capital [1] - The reduction period is set for three months starting from 15 trading days after the announcement of this plan [1] - The number of shares to be reduced through centralized bidding will not exceed 9 million shares, representing no more than 1.00% of the company's total share capital [1] - The reduction price will be determined based on the market price at the time of the reduction [1]

证券代码：601033 证券简称：永兴股份 公告编号：2026-002 本公司董事会、全体董事及相关股东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： 股东持股的基本情况 截至本公告披露日，广州环投永兴集团股份有限公司（以下简称"公司"）股 东广州市城投投资有限公司（以下简称"城投投资公司"）持有公司无限售条件流 通股 37,500,000 股，占公司总股本的 4.17%，其股份来源为公司首次公开发行股 份前取得。 减持计划的主要内容 城投投资公司在遵守有关法律法规及承诺的前提下，为满足企业自身发展资 金需求，拟通过集中竞价及大宗交易的方式减持所持有的部分公司股票，减持数 量合计不超过 9,375,000 股，即不超过公司总股本的 1.042%，减持期间为本计划 披露之日起 15 个交易日后的 3 个月内，其中通过集中竞价减持股份总数不超过 9,000,000 股，即不超过公司总股本的 1.00%；减持价格根据减持时的市场价格确 定。 若在减持计划期间公司发生送股、资本公积金转增股本、配股等股本除权除 息事项，上述减持股份数量将相应 ...

每经AI快讯，1月9日，永兴股份（601033）(601033.SH)公告称，股东广州市城投投资有限公司计划减 持不超过937.5万股，即不超过公司总股本的1.042%，减持方式为集中竞价及大宗交易，其中集中竞价 减持不超过900万股，即不超过公司总股本的1.00%。减持原因为企业自身发展资金需求，减持期间为 2026年2月2日至2026年5月1日。 ...

永兴股份公告，持有3750万股占4.17%的股东广州市城投投资有限公司拟自公告披露之日起15个交易日 后的3个月内，通过集中竞价和大宗交易减持不超937.5万股，不超公司总股本1.042%，其中集中竞价方 式减持不超900万股，不超总股本1.00%；减持价格按减持时市场价格确定；若期间公司发生送股、资 本公积金转增股本、配股等事项，拟减持股份数量将相应调整。 ...

永兴股份公告称，股东广州市城投投资有限公司持有公司3750万股，占总股本4.17%，股份源于IPO前 取得。为满足自身发展资金需求，其拟在2026年2月2日至5月1日，通过集中竞价及大宗交易方式，减持 不超937.5万股，即不超总股本1.042%。其中，集中竞价减持不超900万股，即不超总股本1%，减持价 格根据市场价格确定。减持计划实施存在不确定性，但不会导致公司控制权变更，也不会影响公司治理 和经营。 ...

Core Viewpoint - The company is actively involved in waste incineration power generation projects in multiple regions within China and is exploring overseas business opportunities [1] Group 1: Domestic Operations - The company operates waste incineration power generation projects in Guangdong, Hunan, and Shanxi provinces [1] - The company has established a presence in various regions, indicating a diversified domestic operational strategy [1] Group 2: International Expansion - The company has set up overseas subsidiaries and is actively exploring related overseas business opportunities [1]

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating potential investment opportunities in these areas [1]. Core Insights - The 2026 long-term electricity prices are under pressure, with significant declines observed in transaction prices across various provinces, reflecting a shift in the power generation model from reliance on thermal power to a more diversified income structure [6][7]. - Natural gas consumption saw a year-on-year increase of 5.1% in November 2025, indicating a recovery in demand, particularly due to heating needs during the winter season [34]. - The report highlights the importance of optimizing the electricity market mechanism and restructuring the power generation mix as key future trends [7]. Summary by Sections 1. Electricity: 2026 Long-term Electricity Prices - The annual transaction results for 2026 show a total transaction volume of 2,724.81 billion kWh in Jiangsu, with a weighted average price of 344.19 yuan/MWh, down 16.55% from the previous year [6][8]. - Similar trends are observed in Guangdong and Anhui, with prices decreasing by 5.03% and 10.09% respectively [6][8]. - The report suggests that coastal provinces will face significant pricing pressure in 2026, as the role of thermal power shifts from being the main energy source to a regulatory support role [7]. 2. Gas: November Natural Gas Consumption - In November 2025, the apparent consumption of natural gas reached 362.8 billion m³, marking a 5.1% increase year-on-year, while the total consumption from January to November was 3,880 billion m³, a slight decline of 0.1% [34]. - The report notes that the increase in consumption is attributed to a low base from the previous year and a recovery in industrial gas demand [34]. - The report also highlights a favorable trend in natural gas pricing, with a decrease in costs due to lower international oil prices and improved supply conditions [36]. 3. Investment Analysis Recommendations - For thermal power, the report recommends companies with integrated coal and power operations, such as Guodian Power and Inner Mongolia Huadian, as well as those with significant large unit ratios like Datang Power and Huaneng International [10]. - In the hydropower sector, companies like Yangtze Power and Guotou Power are recommended due to their sufficient capacity and expected improvements in profit margins [10]. - The report suggests focusing on nuclear power companies like China Nuclear Power and China General Nuclear Power, which have stable cost structures and high utilization hours [10]. - For green energy, companies such as Xintian Green Energy and Longyuan Power are highlighted for their stable returns and increasing operational benefits from environmental value releases [10].