| 证券代码：601619 | 证券简称：嘉泽新能 | 公告编号：2025-107 | | --- | --- | --- | | 债券代码：113039 | 债券简称：嘉泽转债 | | 嘉泽新能源股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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 ●会议召开时间：2025 年 11 月 28 日（星期五）下午 16:00-17:00 ●会议召开地点：上海证券交易所上证路演中心（网址： http://roadshow.sseinfo.com/） （一）会议召开时间：2025 年 11 月 28 日（星期五）下午 16:00-17:00 （二）会议召开地点：上证路演中心 （三）会议召开方式：上证路演中心网络互动 三、参加人员 ●会议召开方式：上证路演中心网络互动 ●投资者可于 2025 年 11 月 21 日（星期五）至 11 月 27 日（星 期四）16：00 前登录上证路演中心网站首页点击"提问预征集"栏 目或通过公司邮箱 jzfdxxpl@jzfdjt ...

| 证券代码：601619 | 证券简称：嘉泽新能 | 公告编号：2025-106 | | --- | --- | --- | | 债券代码：113039 | 债券简称：嘉泽转债 | | 嘉泽新能源股份有限公司 | | □控股股东/实际控制人及其一致行动人 | | --- | --- | | | 5%以上大股东及其一致行动人 其他 | | 投资者及其一致行动人的身份 | □合并口径第一大股东及其一致行动人（仅适用 | | | 于无控股股东、实际控制人） | | | □其他______________（请注明） | （二）信息披露义务人信息 | 信息披露义 务人名称 | | 投资者身份 | 统一社会信用代码 | | --- | --- | --- | --- | | GLP | | | | | Renewable | □ | 控股股东/实控人 | □ _____________ | | Energy | □ | 控股股东/实控人的一致行动人 |  不适用 | | Investment | I  | 其他直接持股股东 | | | Limited | | | | 关于持股 5%以上股东 权益变动触及 1%刻度 ...

Core Viewpoint - The announcement details the early withdrawal and dissolution of the management of the Ningxia Ningbai Industrial Investment Fund (Limited Partnership) by the company, which has been approved by the board and shareholders [2][3]. Group 1 - The company's board and all directors confirm that the announcement contains no false records, misleading statements, or major omissions, and they bear legal responsibility for its authenticity, accuracy, and completeness [1]. - The management withdrawal of the fund has been officially registered, with the capital contribution changing from 2.1595 billion to 2.1585 billion yuan, and the fund's name has been updated to Ningxia Ningbai Energy Industry Partnership (Limited Partnership) [3]. - The business scope of the fund has been altered to include general projects such as enterprise management consulting, social and economic consulting services, energy-saving management services, and various technical services [3].

Group 1 - The core viewpoint of the news highlights the growth in electricity generation in Ningxia Hui Autonomous Region, with a total generation of 187.5 billion kWh in September 2025, representing a year-on-year increase of 3.7% [1] - From January to September 2025, the total electricity generation reached 1,795.7 billion kWh, showing a year-on-year growth of 4.7% [1] - The breakdown of electricity generation by type for January to September 2025 indicates that thermal power accounted for 1,289.9 billion kWh (71.8% of total generation) with a 1% increase year-on-year, while hydropower decreased by 9.7% to 12.9 billion kWh (0.7% of total) [1] - Wind power generation increased by 7.1% to 212.2 billion kWh (11.8% of total), and solar power generation saw a significant rise of 24.7% to 280.72 billion kWh (15.6% of total) [1] Group 2 - The report referenced is the "2026-2032 China Energy Industry Market Research Analysis and Investment Prospects Assessment Report" published by Zhiyan Consulting [1] - The statistical data in the report is based on large-scale industrial enterprises, defined as those with annual main business income of 20 million yuan or more [1] - Zhiyan Consulting is recognized as a leading industry consulting firm in China, providing comprehensive industry research reports, business plans, feasibility studies, and customized services [2]

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。 嘉泽新能源股份有限公司（以下简称"公司"）三届三十七次董 事会、三届二十五次监事会及2024年第三次临时股东大会审议通过了 《关于宁夏宁柏产业投资基金（有限合伙）管理人提前退伙暨解散的 议案》，具体内容详见公司于2024年12月14日、2024年12月18日、2025 年10月21日在指定信息披露媒体上披露的《嘉泽新能源股份有限公司 关于宁夏宁柏产业投资基金（有限合伙）管理人提前退伙暨解散公告》 （公告编号：2024-092）、《嘉泽新能源股份有限公司关于宁夏宁柏产 业投资基金（有限合伙）管理人提前退伙暨解散事项补充说明的公告》 （公告编号：2024-095）、《嘉泽新能源股份有限公司关于宁夏宁柏产 业投资基金（有限合伙）管理人提前退伙暨解散事项的进展公告》（公 告编号：2025-095）。 | | | 嘉泽新能源股份有限公司 关于宁夏宁柏产业投资基金（有限合伙） 管理人提前退伙暨解散事项的进展公告 董 事 会 近日，宁夏宁柏产业投资基金（有限合伙）已完成了其管理人开 弦资本管理 ...

Market Overview - The electricity sector experienced a slight increase of 0.02% on the trading day, with TuoRi New Energy leading the gains [1] - The Shanghai Composite Index closed at 4002.76, down by 0.39%, while the Shenzhen Component Index closed at 13289.0, down by 1.03% [1] Top Gainers in the Electricity Sector - TuoRi New Energy (002218) closed at 4.35, up by 10.13% with a trading volume of 501,400 shares and a transaction value of 215 million [1] - Hengsheng Energy (605580) closed at 44.72, up by 10.01% with a trading volume of 157,700 shares and a transaction value of 671 million [1] - Huami Environmental Energy (600475) closed at 19.15, up by 9.99% with a trading volume of 357,800 shares and a transaction value of 662 million [1] - Yunnan Energy Investment (002053) closed at 13.54, up by 9.99% with a trading volume of 290,700 shares and a transaction value of 381 million [1] Top Losers in the Electricity Sector - Mindong Electric Power (000993) closed at 14.48, down by 5.30% with a trading volume of 1,052,300 shares and a transaction value of 1.621 billion [2] - Zhaoxin Co., Ltd. (002256) closed at 3.61, down by 3.22% with a trading volume of 3,035,200 shares and a transaction value of 1.102 billion [2] - Xinzhu Co., Ltd. (002480) closed at 6.84, down by 2.98% with a trading volume of 331,900 shares and a transaction value of 229 million [2] Capital Flow Analysis - The electricity sector saw a net outflow of 1.044 billion from institutional investors, while retail investors contributed a net inflow of 1.17 billion [2] - The capital flow for individual stocks indicates varying levels of institutional and retail participation, with some stocks experiencing significant net inflows from retail investors [3]

Market Overview - The electricity sector experienced a slight decline of 0.04% on the previous trading day, with Leshan Electric Power leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Notable gainers in the electricity sector included: - Zhaoxin Co., Ltd. (002256) with a closing price of 3.39, up 3.99% on a trading volume of 2.02 million shares and a transaction value of 685 million yuan [1] - Luxiao Technology (002617) closed at 9.06, up 3.07% with a transaction value of 148.9 million yuan [1] - Chuaneng Power (000155) closed at 12.67, up 2.76% with a transaction value of 892 million yuan [1] - Conversely, Leshan Electric Power (600644) saw a significant decline of 5.20%, closing at 11.85 with a transaction value of 954 million yuan [2] - Other notable decliners included: - Huami Environmental Energy (600475) down 4.49% [2] - Haoling Power (600452) down 2.54% [2] Capital Flow - The electricity sector experienced a net outflow of 1.461 billion yuan from main funds, while retail investors contributed a net inflow of 1.5 billion yuan [2] - Key stocks with significant capital flow included: - Luxiao Technology (002617) with a net inflow of 77.42 million yuan from main funds [3] - Zhaoxin Co., Ltd. (002256) with a net inflow of 69.06 million yuan [3] - Jiaze New Energy (601619) with a net inflow of 57.21 million yuan [3]

Group 1 - The fourth extraordinary general meeting of shareholders was held on October 31, 2025, in Yinchuan, Ningxia [2] - All resolutions presented at the meeting were approved without any objections [2] - The meeting was legally convened and conducted in accordance with relevant laws and regulations [3] Group 2 - The company approved amendments to its articles of association and rules for shareholder meetings [4][5] - A capital increase of 109 million yuan was approved for its wholly-owned subsidiary, Liuzhou Rongshui Zehua New Energy Co., Ltd. [5] - The meeting was attended by all current directors and supervisors, ensuring full representation [3] Group 3 - The company provided guarantees for several subsidiaries to meet project financing needs and reduce financing costs [7][15] - The total amount of guarantees provided by the company reached 1,317.84 million yuan, accounting for 193.43% of the company's net assets as of the end of 2024 [15] - No overdue guarantees were reported, and all guarantees were within the authorized limits set by the board and shareholders [15]

Core Viewpoint - The company, Jiaze New Energy (601619), announced that it has no overdue guarantees [1] Group 1 - The announcement was made on the evening of October 31 [1] - The company confirmed its financial stability by stating there are no overdue guarantees [1]

Core Viewpoint - 嘉泽新能 is a leading player in the renewable energy sector, focusing on wind power generation, with significant operational and construction capacity, and is positioned for future growth through strategic projects and financial performance [1][5]. Group 1: Company Overview - 嘉泽新能 was established on April 16, 2010, and listed on the Shanghai Stock Exchange on July 20, 2017, with its headquarters in Ningxia [1]. - The company specializes in renewable energy generation, including the development, construction, and sale of renewable energy power stations, asset management, and renewable energy industry funds [1]. - 嘉泽新能 has a total installed wind power capacity of 2GW, with an additional 2GW under construction or planned [1]. Group 2: Financial Performance - For Q3 2025, 嘉泽新能 reported revenue of 1.864 billion yuan, ranking 10th among 14 companies in the industry, while the industry leader, 华电新能, reported revenue of 29.479 billion yuan [2]. - The net profit for the same period was 599 million yuan, placing 嘉泽新能 7th in the industry, with 华电新能 leading at 8.37 billion yuan [2]. - 嘉泽新能's gross profit margin for Q3 2025 was 57.62%, higher than the industry average of 42.94%, despite a decrease from the previous year's 61.89% [3]. Group 3: Shareholder and Market Activity - As of September 30, 2025, 嘉泽新能 had 97,600 A-share shareholders, an increase of 55.46% from the previous period, while the average number of shares held per shareholder decreased by 35.67% [5]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 2.2241 million shares [5]. Group 4: Management Compensation - The chairman, 陈波, received a salary of 1.2474 million yuan in 2024, a slight decrease from 1.2503 million yuan in 2023 [4]. - The general manager, 赵继伟, saw a salary increase to 1.7214 million yuan in 2024 from 1.7163 million yuan in 2023 [4]. Group 5: Future Outlook - 华源证券 forecasts 嘉泽新能's net profit attributable to shareholders for 2025-2027 to be 910 million, 1.02 billion, and 1.22 billion yuan, with year-on-year growth rates of 44.2%, 12.28%, and 19.48% respectively [5]. - The company is expected to benefit from a green chemical project with 宁夏嘉泽集团, projected to generate an annual output value of approximately 4.38 billion yuan [5]. - 嘉泽新能's focus on wind power operations and potential wind power REITs is anticipated to enhance short-term performance and improve cash flow [5].