Core Points - The company held its 2024 Annual General Meeting to discuss various proposals including the board report, financial statements, and profit distribution plan [1][4][14] - The company reported a total revenue of RMB 585 million for 2024, a decrease of 7.02% year-on-year, with total assets amounting to RMB 21.989 billion and net assets of RMB 8.053 billion [8][9] - The company processed 14.3824 million tons of municipal waste in 2024, representing a year-on-year increase of 6.96%, and generated 42.609 million MWh of electricity, up 9.42% [9][10] - The company plans to distribute a cash dividend of approximately RMB 279 million, which accounts for 47.64% of the net profit attributable to shareholders for 2024 [14][15] - The company aims to continue its digital transformation and technological innovation to enhance operational efficiency and management levels [10][11] Meeting Procedures - The meeting was scheduled for June 25, 2025, at 10:00 AM, and was presided over by the acting chairman, Cheng Suning [2][4] - Attendees included shareholders, board members, supervisors, senior management, and legal representatives [2][4] - Voting was conducted through a combination of on-site and online methods, with each share carrying one vote [2][4] Financial Performance - The company achieved a net profit of RMB 585 million for 2024, with retained earnings of RMB 1.512 billion as of December 31, 2024 [14][15] - The financial budget for 2025 includes management expenses capped at RMB 306.63 million [16] Board and Supervisory Reports - The board of directors held 12 meetings in 2024 and convened 4 shareholder meetings, adhering to governance standards [11][12] - The supervisory board conducted 8 meetings, ensuring compliance with legal and regulatory requirements [12][13] Compensation Plans - The company proposed that the remuneration for directors and supervisors in 2025 remain consistent with 2024 levels, with independent directors receiving annual fees of RMB 80,000 and HKD 120,000 for those residing in Hong Kong [17][19]

Investment Rating - The report maintains an "Accumulate" rating for the waste incineration sector [1] Core Insights - The report emphasizes analyzing waste incineration assets from a cash flow perspective, highlighting that improvements in asset quality are reflected in increased free cash flow and enhanced ROE. The marginal changes in cash flow represent variations in asset valuation within DCF models, supporting the potential for increased dividends [10][1] - The waste incineration sector is expected to see a steady increase in dividend potential due to declining capital expenditures and improved cash flow management, with projected dividends for 2024 showing significant increases across various companies [3][24] Summary by Sections Cash Flow Analysis - The waste incineration sector has experienced a decline in capital expenditures, leading to a positive trend in free cash flow. The operating cash flow net amount for 2024 is projected to be 15% higher than the previous year, reaching 157 billion [21][19] - Free cash flow is expected to increase significantly, from 27 billion in 2023 to 66 billion in 2024, indicating a robust capacity for dividend distribution [21][24] ROE and Profitability - The report notes a recovery in ROE and PB ratios, with 2024 ROE projected at 11.53%, a slight increase from 11.32% in 2023. This recovery is attributed to reduced capital expenditures and improved operational efficiency [2][40] - The waste incineration sector's total revenue for 2024 is estimated at 457 billion, with a 1% increase year-on-year, and a net profit of 88 billion, reflecting a 13% growth [30][35] Investment Recommendations - The report suggests that the solid waste sector has significant potential for increased dividends, with companies like Green Power and Hanlan Environment expected to raise their dividends substantially in 2024 [3][24] - The analysis indicates that several companies within the sector could achieve dividend potentials exceeding 100%, with specific companies identified for their strong dividend capabilities [15][14]

Group I - The report details the changes in the registered capital and issued shares of Green Power Environmental Group Co., Ltd. as of May 31, 2025 [1] - The total registered capital at the end of the month is RMB 1,393,453,043, with no changes in the registered shares for the Hong Kong listed securities [1] - The number of issued shares for the Hong Kong listed securities remains at 404,359,792, with no changes during the month [1] Group II - For the Shanghai Stock Exchange listed securities, the number of issued shares increased by 106, resulting in a total of 989,093,251 shares at the end of the month [1] - The report indicates that there were no stock options or warrants issued during the month [1] - The convertible bonds issued by the company have a conversion price adjusted from RMB 9.45 to RMB 9.35, effective from November 19, 2024 [1]

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年5月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 綠色動力環保集團股份有限公司（備註） 呈交日期: 2025年6月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 01330 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 404,359,792 | RMB | | 1 RMB | | 404,359,792 | | 增加 / 減少 (-) | | | 0 | | | RMB | | 0 | | 本月底結存 | | | 404,359,792 | RMB | | 1 RMB | | 404,359,792 | | 2. 股份分類 | 普通股 | 股份 ...

表决情况：9 票赞成，0 票弃权，0 票反对。 二、审议通过了《关于召开 2024 年年度股东大会的议案》。同意公司 2024 年年度股东大会于 2025 年 6 月 25 日在武汉绿色动力再生能源有限公司召开。详 见与本公告同日披露于上海证券交易所网站（www.sse.com.cn）的《关于召开 表决情况：9 票赞成，0 票弃权，0 票反对。 证券代码：601330 证券简称：绿色动力 公告编号：临 2025-030 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 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。 绿色动力环保集团股份有限公司（以下简称"公司"）第五届董事会第十一 次会议于2025年6月4日在公司会议室以现场会议结合通讯方式召开，会议通知于 名。本次会议由公司代理董事长成苏宁先生主持，公司监事与部分高级管理人员 列席本次会议。本次会议的召开符合《中华人民共和国公司法》等法律、法规、 规范性文件以及《绿色动力环保集团股份有限公司章程》的有关规定。经与会董 事充分审议并经过有效表决，本次会 ...

Group 1 - The company will hold its annual general meeting on June 25, 2025, at 10:00 AM in Wuhan, Hubei Province [1][3] - The voting will be conducted through a combination of on-site and online voting systems provided by the Shanghai Stock Exchange [3][4] - Shareholders can vote via the trading system or the internet voting platform, with specific time slots for each method [1][4] Group 2 - The agenda includes the review of the 2024 salary execution for directors and supervisors, as well as the 2025 salary plan [2][6] - There are no related shareholders that need to abstain from voting on the proposals [2] - Shareholders must register to attend the meeting, and those who wish to appoint a proxy must provide necessary documentation [6][8] Group 3 - The record date for shareholders eligible to attend the meeting is June 18, 2025 [6] - The company will utilize a reminder service to ensure that minority investors are informed about the meeting and voting [4][5] - Voting rights for shareholders with multiple accounts will be aggregated across all accounts for the same class of shares [5]

证券代码：601330 证券简称：绿色动力 公告编号：临 2025-031 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 关于召开2024年年度股东大会的通知 一、 召开会议的基本情况 (一)股东大会类型和届次 2024年年度股东大会 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 6 月 25 日 10 点 00 分 召开地点：湖北省武汉市青山区（化学工业区）绿色大道 18 号武汉绿色动 股东大会召开日期：2025年6月25日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 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： 力再生能源有限公司办公楼三楼会议室 (五)网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 6 月 25 日 至2025 年 6 月 25 日 ...

证券代码：601330 证券简称：绿色动力 公告编号：临 2025-030 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 第五届董事会第十一次会议决议公告 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。 绿色动力环保集团股份有限公司（以下简称"公司"）第五届董事会第十一 次会议于2025年6月4日在公司会议室以现场会议结合通讯方式召开，会议通知于 2025年5月30日以电子邮件送达各位董事。会议应出席董事9名，实际出席董事9 名。本次会议由公司代理董事长成苏宁先生主持，公司监事与部分高级管理人员 列席本次会议。本次会议的召开符合《中华人民共和国公司法》等法律、法规、 规范性文件以及《绿色动力环保集团股份有限公司章程》的有关规定。经与会董 事充分审议并经过有效表决，本次会议审议通过了以下议案： 一、审议通过了《关于收购朔州项目公司部分股权的议案》。同意公司收购 中国能源建设集团山西电力建设有限公司拟挂牌转让的朔州绿动南山环境能源 有限公司（以下简称"朔州项目公司"）2%的股权。若收购成功，公司将持有朔 ...

Group 1 - Yunnan Energy Investment has won the development rights for three wind power projects, with a total installed capacity of 312.5 MW, which will enhance the company's renewable energy scale and market position [1] - The projects are located in Fuyuan County and Lijiang City, and their implementation requires government approval and related assessments [1] - The future operating performance of these projects may be influenced by national policies and industry conditions, indicating potential uncertainties [1] Group 2 - The first fixed-pile offshore photovoltaic project in China, the CGN Zhaoyuan 400 MW offshore photovoltaic project, has been fully operational, marking a significant breakthrough in the offshore photovoltaic sector [2] - The project, located in the Laizhou Bay sea area of Shandong, covers a total sea area of 512.7 hectares and is expected to generate nearly 700 million kWh annually, equivalent to reducing coal consumption by approximately 208,700 tons and cutting CO2 emissions by about 535,800 tons [2] - This achievement demonstrates China's innovation capabilities and technological progress in renewable energy, contributing to energy structure transformation and green development [2] Group 3 - A nationwide blackout in Portugal on April 28 may have caused economic losses exceeding 2 billion euros, with 99% of surveyed companies reporting impacts [3] - The survey revealed that 71% of companies were unable to operate normally due to the blackout, and 57% lacked emergency power systems, highlighting the vulnerability of Portugal's energy infrastructure [3] - The incident underscores the need for countries to strengthen energy infrastructure and emergency management to mitigate economic impacts from similar events [3]

Group 1 - The core viewpoint of the announcement is that the credit rating for Green Power Environmental Group Co., Ltd. remains unchanged at "AA+" with a stable outlook for both the company and its convertible bonds [1][2] - The previous tracking rating results indicated a credit rating of "AA+" and a stable outlook, which is consistent with the current rating [1][2] - The credit rating agency responsible for the assessment is China Chengxin International Credit Rating Co., Ltd., which conducted a comprehensive analysis of the company's operational status and industry conditions [2] Group 2 - The tracking rating report was disclosed on the same day as the announcement and is available on the Shanghai Stock Exchange website [2] - The company issued the convertible bonds on February 25, 2022, under the name "Green Power Convertible Bonds" [1] - The announcement emphasizes the legal responsibility of the board of directors for the accuracy and completeness of the information provided [1]