证券代码：601330 证券简称：绿色动力 公告编号：临 2025-061 转债代码：113054 转债简称：绿动转债 绿色动力环保集团股份有限公司 关于不向下修正"绿动转债"转股价格的公告 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： 截至2025年10月28日，绿色动力环保集团股份有限公司（以下简称"公 司"）A股股价已出现任意连续三十个交易日中至少十五个交易日的收盘价低于 当前转股价格的85%（即7.78元/股）的情形，已触发可转换公司债券（以下简称 "可转债"或"绿动转债"）转股价格向下修正条款。 经公司第五届董事会第十六次会议审议通过，公司董事会决定本次不向 下修正"绿动转债"转股价格，同时自董事会审议通过之日起未来12个月（2025 年10月28日至2026年10月27日）内，如公司A股股价再次触发"绿动转债"转股 价格向下修正条款，亦不提出向下修正方案。从2026年10月28日开始重新起算， 若公司A股股价再次触发"绿动转债"转股价格向下修正条款，届时公司董事会 将召开会议决定是否提出"绿动转债 ...

绿色动力公告，第三季度营收为8.98亿元，同比增长1.64%；净利润为2.49亿元，同比增长24.24%。前 三季度营收为25.82亿元，同比增长1.49%；净利润为6.26亿元，同比增长24.39%。 ...

Investment Rating - Maintain "Buy" rating for the environmental protection industry [1] Core Views - The Fourth Plenary Session emphasizes integrating green development into the modern industrial system, accelerating market-oriented resource allocation, and addressing local government debt as a key task for the 14th Five-Year Plan [9][10] - The report highlights significant growth in the environmental sector, particularly in clean energy, recycling resources, and waste management, driven by policy support and market reforms [12][14] Policy Tracking - The Fourth Plenary Session outlines the importance of green transformation as a systemic project across economic and social development, with specific measures to achieve carbon peak and neutrality goals [9][10] - Key initiatives include accelerating the construction of a dual control system for carbon emissions, promoting green low-carbon energy transformation, and enhancing the circular economy [10][11] Industry Trends - The environmental protection sector is witnessing a surge in new energy sanitation vehicle sales, with a year-on-year increase of 63.18% and a penetration rate rise of 6.29 percentage points to 17.40% [6][9] - The report notes improvements in the profitability of biodiesel production, with stable prices for waste cooking oil and rising net profits [12][14] Investment Recommendations - Focus on clean energy operations, particularly in green electricity and green hydrogen, with specific companies recommended for investment [12][14] - In the recycling sector, companies involved in biofuels and recycled plastics are highlighted as key investment opportunities [12][14] - The report suggests that market-oriented pricing reforms in waste and water management will enhance cash flow stability and profitability for companies in these sectors [13][14] Company Tracking - Longjing Environmental plans to raise 2 billion yuan through a private placement to enhance its capital structure and support growth in green electricity and energy storage [12][14] - The report indicates that companies in the solid waste sector are experiencing improved cash flow and dividend payouts, with notable increases in free cash flow and dividend ratios [19][20]

Core Viewpoint - The company, Delijia Transmission Technology (Jiangsu) Co., Ltd., is conducting its initial public offering (IPO) to enhance its market position and drive growth in the wind power transmission equipment sector, leveraging its strong R&D capabilities and established partnerships with leading firms in the industry [6][9][22]. Company Overview - Delijia was established in 2017 and specializes in the development, production, and service of wind power transmission equipment, covering the entire business chain from design to operation [6][12]. - The company has a comprehensive product range from 1.5MW to 22MW, with products designed for various harsh environmental conditions, achieving industry-leading performance in power density, transmission efficiency, and noise levels [6][12][30]. - As of 2024, Delijia holds a global market share of 10.36%, ranking third worldwide, and a 16.22% share in the Chinese market, ranking second [6][16]. R&D and Innovation - The company has a strong R&D foundation, with 63 authorized patents, including 24 invention patents, and has contributed to the drafting of several national and industry standards [7][13]. - Delijia's self-developed "10-12MW offshore large megawatt gearbox" was recognized as a significant technological equipment project by the National Energy Administration in 2021 [7][13]. Market Position and Partnerships - Delijia has established stable partnerships with major wind turbine manufacturers such as Goldwind, Envision Energy, and Mingyang Smart Energy, earning accolades like "Best Supplier" and "Strategic Partner" [7][15]. - The company’s products have received certifications from multiple authoritative institutions, enhancing its brand recognition in the industry [6][12]. Financial Performance - The company reported revenues of 3107.80 million yuan in 2022, 4441.82 million yuan in 2023, and projected 3715.34 million yuan in 2024, with net profits of 540.17 million yuan, 633.96 million yuan, and 533.79 million yuan respectively [20]. - The gross profit margin has remained stable, with rates of 23.10%, 23.66%, 25.29%, and 25.84% over the same period [18]. Industry Context - The wind power industry is experiencing rapid growth, driven by national policies supporting renewable energy and the "dual carbon" goals, with significant increases in wind turbine installation capacities projected for 2023 and 2024 [27][30]. - The global market for wind power gearboxes is expected to grow from approximately $58.27 billion in 2024 to $83.70 billion by 2030, indicating a robust demand for Delijia's products [30]. Future Strategy - The company aims to leverage its IPO to enhance R&D, expand market reach, and solidify its team, focusing on technological innovation and product updates to maintain competitive advantages [9][22]. - Delijia plans to invest in projects that will increase production capacity and align with the trend towards larger wind turbine capacities, particularly in offshore and international markets [36][37].

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不 對 因 本 公 告 全部或任何部分內容而產生或因依賴該等內容而引致的任何損失承擔任何責 任。 綠色動力環保集團股份有限公司 Dynagreen Environmental Protection Group Co., Ltd.* （於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司） （股 份 代 號：1330） 海外監管公告 本公告乃由綠色動力環保集團股份有限公司（「本公司」）根據香港聯合交易所 有限公司證券上市規則第13.10B條 作 出。 以下為本公司於上海證券交易所網站刊發之《關 於 實 施2025年中期權益分派時 「綠 動 轉 債」停 止 轉 股 的 提 示 性 公 告》，僅 供 參 閱。 二零二五年十月二十七日 於 本 公 告 日 期，執 行 董 事 為 成 蘇 寧 先 生 及 胡 聲 泳 先 生；非 執 行 董 事 為 趙 志 雄 先 生、胡 天 河 先 生、燕 春 旭 先 生 及 胡 勇 先 生；及 獨 ...

| 证券代码：601330 | 证券简称：绿色动力 | 公告编号：临 2025-058 | | --- | --- | --- | | 转债代码：113054 | 转债简称：绿动转债 | | 绿色动力环保集团股份有限公司 关于实施 2025 年中期权益分派时 "绿动转债"停止转股的提示性公告 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。 二、本次权益分派方案实施时停止转股的安排 | 证券代码 | 证券简称 | 停复牌类型 | 停牌起始日 | 停牌 | 停牌终止日 | 复牌日 | | --- | --- | --- | --- | --- | --- | --- | | | | | | 期间 | | | | 113054 | 绿动转债 | 可转债转股停 | 2025/10/31 | | | | | | | 牌 | | | | | 一、本次权益分派方案的基本情况 （一）公司 2025 年中期利润分配方案为：以实施权益分派股权登记日登记的 总股本为基数，向全体股东每股派发现金红利 0.1 元（含税）。在利润分配方案披 露之日起至实 ...

Investment Rating - The report maintains a positive outlook on the power and gas sectors, indicating a "Buy" recommendation for several companies within these industries [3][4]. Core Insights - The second industry is the main driver of electricity consumption growth, with a notable increase in electricity demand due to seasonal factors and high temperatures in Q3 [4][9]. - Global gas prices are rebounding, and expectations of a cold winter may enhance gas sales growth [18][19]. - The report highlights various investment opportunities across different energy sectors, including hydropower, green energy, nuclear power, thermal power, and gas [16][40]. Summary by Sections 1. Electricity: Q3 Second Industry Drives National Electricity Consumption - In September, total electricity consumption reached 888.6 billion kWh, a year-on-year increase of 4.5% [10]. - The second industry contributed significantly to this growth, with a 5.1% increase in electricity consumption, accounting for 51% of the total growth [4][9]. - The cumulative electricity consumption from January to September was 7767.5 billion kWh, reflecting a 4.6% year-on-year growth [13]. 2. Gas: Global Gas Price Rebound and Cold Winter Expectations - As of October 24, the Henry Hub spot price was $3.21/mmBtu, showing a weekly increase of 13.96% [19][20]. - The report notes a seasonal demand increase and geopolitical factors supporting gas prices, particularly in Europe [25][37]. - The anticipated La Niña phenomenon may lead to colder winter conditions, potentially boosting gas consumption [37]. 3. Weekly Market Review - The report indicates that the power equipment sector outperformed the Shanghai and Shenzhen 300 index, while the public utility, gas, and environmental protection sectors lagged [42]. 4. Company and Industry Dynamics - The report discusses significant developments in the energy sector, including the launch of innovative products in wind energy and updates on national energy policies [50][51]. - It highlights the performance of major companies, such as Huadian International, which reported a decrease in electricity generation due to increased renewable energy capacity [57].

Core Points - The company reported its third-quarter operational data for 2025, highlighting key metrics in waste processing and energy generation [1][3] - The total waste processed by the company's subsidiaries in Q3 2025 was 3.7676 million tons, with electricity generation reaching 1,327.5431 million kWh [1] - Year-to-date figures show a total waste processed of 10.9219 million tons, a 2.00% increase year-on-year, and total electricity generation of 3,866.7228 million kWh, a 1.17% increase year-on-year [1] Operational Data Summary - Q3 2025 waste processed: 3.7676 million tons [1] - Q3 2025 electricity generated: 1,327.5431 million kWh [1] - Year-to-date waste processed: 10.9219 million tons, up 2.00% [1] - Year-to-date electricity generated: 3,866.7228 million kWh, up 1.17% [1] - Year-to-date grid electricity: 3,206.2897 million kWh, up 1.46% [1] - Year-to-date steam supply: 788,100 tons, up 111.91% [1]

Core Viewpoint - The company reported its operational performance for the third quarter and the first half of the fiscal year, highlighting growth in waste processing and energy generation metrics [1] Group 1: Third Quarter Performance - For the three months ending September 30, 2025, the company processed 3.7676 million tons of waste [1] - The electricity generated during this period was 1.328 billion kWh [1] - The grid-connected electricity amounted to 1.093 billion kWh, while steam supply reached 272,600 tons [1] Group 2: Half-Year Performance - For the six months ending June 30, 2025, the cumulative waste processed was 10.9219 million tons, representing a year-on-year increase of 2.00% [1] - The total electricity generated during this half-year was 3.867 billion kWh, with a year-on-year growth of 1.17% [1] - The cumulative grid-connected electricity was 3.206 billion kWh, showing a year-on-year increase of 1.46% [1] - The steam supply for the half-year reached 788,100 tons, marking a significant year-on-year increase of 111.91% [1]

Core Viewpoint - Green Power Environmental (01330) reported its operational performance for the third quarter and the first half of the fiscal year, highlighting increases in waste intake and energy generation metrics [1] Group 1: Third Quarter Performance - For the three months ending September 30, 2025, the company processed 3.7676 million tons of waste [1] - The total electricity generated during this period was 1.328 billion kWh [1] - The grid-connected electricity amounted to 1.093 billion kWh [1] - Steam supply reached 272,600 tons [1] Group 2: Half-Year Performance - For the six months ending June 30, 2025, the cumulative waste intake was 10.9219 million tons, representing a year-on-year increase of 2.00% [1] - The cumulative electricity generated was 3.867 billion kWh, with a year-on-year growth of 1.17% [1] - The cumulative grid-connected electricity was 3.206 billion kWh, showing a year-on-year increase of 1.46% [1] - The cumulative steam supply reached 788,100 tons, reflecting a significant year-on-year increase of 111.91% [1]