Core Insights - Jiangsu New Energy (603693) has surpassed a total installed capacity of 100 million kilowatts, reaching 101 million kilowatts, making it the first province in the Yangtze River Delta region to achieve this milestone in renewable energy capacity [1] Group 1 - Jiangsu's installed renewable energy capacity contributes to the region's green energy transition [1]

Group 1 - The stock of Jiangsu New Energy has hit the daily limit up for three consecutive trading days, with a current price of 16.80 yuan and a trading volume of 4.8688 million shares, resulting in a total transaction amount of 81.7964 million yuan [2] - During the consecutive limit-up period, the stock has increased by 33.12%, with a cumulative turnover rate of 3.79% [2] - The latest total market capitalization of A-shares has reached 14.977 billion yuan [2] Group 2 - As of May 28, the margin trading balance for the stock is 110 million yuan, with a financing balance of 109 million yuan, which has increased by 8.41% compared to the previous trading day [2] - The stock has been listed on the Dragon and Tiger list due to a cumulative price deviation of 20% over three trading days, with net purchases from the Shanghai Stock Connect totaling 4.5435 million yuan [2] - The company's Q1 report shows total operating revenue of 574 million yuan, a year-on-year decrease of 13.85%, and a net profit of 164 million yuan, down 34.65% year-on-year [2]

Group 1 - Jiangsu New Energy has achieved a three-day consecutive rise in stock prices, indicating strong market performance [1] - Other companies in the power sector, such as Guangdong Electric A and Shenzhen Nanshan Electric A, have also reached their daily price limit, reflecting a broader positive trend in the industry [1] - According to the China Electricity Council's forecast, the national electricity consumption is expected to reach 10.4 trillion kilowatt-hours by 2025, representing a year-on-year growth of approximately 6% [1] Group 2 - The annual regulated maximum electricity load is projected to be around 1.55 billion kilowatts, highlighting the increasing demand for electricity in the coming years [1] - Several other power companies, including Jiangsu Guoxin, Three Gorges Water Conservancy, and Fujian Dong Power, have also seen their stock prices rise, indicating a collective upward movement in the sector [1]

Core Viewpoint - The stock of Jiangsu New Energy Development Co., Ltd. experienced an abnormal trading fluctuation, with a cumulative closing price increase exceeding 20% over two consecutive trading days on May 27 and May 28, 2025 [2][3]. Group 1: Stock Trading Abnormality - The company's stock price fluctuation is classified as abnormal trading behavior according to the Shanghai Stock Exchange trading rules [3]. - The company has confirmed that all significant matters that should be disclosed have been announced in accordance with the relevant regulations [2][5]. Group 2: Operational Performance - The company reported a revenue of 574 million yuan for the first quarter of 2025, representing a year-on-year decline of 13.85% [4]. - The net profit attributable to shareholders for the same period was 164 million yuan, down 34.65% year-on-year, primarily due to unfavorable wind conditions affecting wind power generation [9]. Group 3: Major Events and Information Disclosure - There are no undisclosed significant matters that could impact the company's stock trading, including major asset restructuring or significant transactions [5][10]. - The company has not identified any media reports or market rumors that require clarification or response [6]. Group 4: Management and Insider Trading - During the period of abnormal stock trading, there were no transactions involving the company's directors, supervisors, senior management, or controlling shareholders [7].

江苏省新能源开发股份有限公司（以下简称"公司"）股票于 2025 年 5 月 27 日、2025 年 5 月 28 日连续 2 个交易日内日收盘价格涨幅偏离值累计超过 20.00%，属于股票交易异常波动。 经公司自查，并书面函证公司控股股东江苏省国信集团有限公司，截至 本公告披露日，公司应披露的重大事项均已按照《上海证券交易所股票上市规则》 等规定进行了公告，不存在应披露而未披露的重大信息。 证券代码：603693 证券简称：江苏新能 公告编号：2025-020 江苏省新能源开发股份有限公司 股票交易异常波动公告 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： 经公司自查，并向公司控股股东书面函证核实，截至本公告披露日，公司及 公司控股股东不存在影响公司股票交易异常波动的重大事项，不存在涉及公司的 应披露而未披露的重大信息，包括但不限于重大资产重组、股份发行、重大交易 类事项、业务重组、股份回购、股权激励、破产重整、重大业务合作、引进战略 投资者等重大事项。 一、股票交易异常波动的具体情况 公司股票于2025年 ...

截至目前,本公司不存在影响你公司股票交易异常波动的重大事 项,不存在涉及你公司的应披露而未披露的重大信息,包括但不限于 重大资产重组、股份发行、重大交易类事项、业务重组、股份回购、 股权激励、破产重整、重大业务合作、引进战略投资者等重大事项。 本公司及一致行动人未在本次股票交易异常波动期间买卖你公 司股票。 关于江苏省新能源开发股份有限公司 特此回复。 股票交易异常波动征询函的回复 江苏省新能源开发股份有限公司: 本公司已收到《江苏省新能源开发股份有限公司关于股票交易异 常波动有关事项的征询函》,作为江苏省新能源开发股份有限公司的 控股股东,经认真核查,现就相关事项回复如下: ...

Core Viewpoint - Jiangsu Xineng (603693.SH) experienced significant stock price fluctuations, with a cumulative increase of over 20% in two consecutive trading days, indicating abnormal trading activity [1] Financial Performance - In Q1 2025, the company's net profit attributable to shareholders decreased by 34.65% year-on-year, primarily due to unfavorable wind conditions in Jiangsu, resulting in reduced wind power generation and lower revenue and profit compared to the same period last year [1] Future Performance Factors - The company's future performance is closely linked to various factors, including local wind speed, solar radiation intensity, and changes in industry policies. Significant changes in any of these factors could lead to performance volatility [1]

Market Overview - The A-share market experienced fluctuations with a focus on dividend stocks, particularly in the consumption, electricity, and banking sectors, which showed strength [1][4] - The Shanghai Composite Index fell by 0.18%, the Shenzhen Component Index dropped by 0.61%, and the ChiNext Index decreased by 0.68% [2] Sector Performance - The beverage manufacturing, chemical fiber, IP economy, and traditional Chinese medicine sectors performed well in the morning, while pesticide and solid-state battery stocks saw declines in the afternoon [4] - The consumption sector showed strong performance, with traditional consumption stocks like dairy, liquor, and pharmaceuticals, alongside new consumption concepts like cultivated diamonds and IP economy, all rising [4] - The grass herbicide sector saw a surge, with the Tonghuashun grass herbicide index rising over 6%, and several stocks hitting the daily limit [6][12] Grass Herbicide Sector - The latest price for glyphosate is reported at 23,297 yuan/ton, an increase of 100 yuan/ton from the previous week, indicating a slight upward trend from a historically low price range [12] - The demand for glyphosate is strong, with good inquiries from downstream and robust formulation orders, contributing to a bullish market atmosphere [12] Electricity Sector - The electricity sector saw a strong afternoon performance, with Leshan Electric hitting the daily limit and showing a year-to-date increase of over 170% [14][16] - The electricity index has risen approximately 12% since April 8, 2023, supported by seasonal demand due to the summer peak and declining coal prices, which positively impact profit margins for thermal power companies [18] - Analysts expect significant growth in the performance of thermal and hydropower companies in the second quarter and throughout the year, reversing earlier pessimistic expectations [18]

Group 1 - The National Green Power Index decreased by 0.32% as of May 27, 2025, with mixed performance among constituent stocks [1] - Jiangsu New Energy hit the daily limit up, while Leshan Power and Zhejiang New Energy rose by 6.03% and 4.42% respectively [1] - The Green Power ETF (159625) underwent a downward adjustment [1] Group 2 - The Green Power ETF had a turnover rate of 3.19% during the trading session, with a transaction volume of 10.9867 million yuan [3] - Over the past week, the average daily transaction volume of the Green Power ETF was 21.4205 million yuan [3] - The Green Power ETF's scale increased by 80.0735 million yuan over the past three months, ranking first among comparable funds [3] Group 3 - As of April 30, 2025, the top ten weighted stocks in the National Green Power Index accounted for 58.04% of the index, including major companies like China Yangtze Power and China Nuclear Power [3] - The State Council approved the "Manufacturing Industry Green Low-Carbon Development Action Plan (2025-2027)" on May 23, emphasizing the need for green technology innovation and application [3] Group 4 - According to Guojin Securities, the investment value of the power industry is highlighted by market reforms, defensive value, and a tight supply-demand balance [4] - The clean energy generation market has significant growth potential in the context of carbon neutrality, with increasing electricity consumption and a rising share of wind and solar power [4] - The transition to renewable energy generation and deepening market reforms are transforming cost and revenue structures for power plants, enhancing the long-term investment and allocation value of the green power sector [4] Group 5 - Investors can seize opportunities through the corresponding Green Power ETF linked fund (017057) [5]

证券代码：603693 证券简称：江苏新能 公告编号：2025-019 江苏省新能源开发股份有限公司 关于控股子公司与江苏国信扬州发电有限责任公司 签署补偿协议暨关联交易的公告 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： ? 为配合国信扬电 2×100 万千瓦三期扩建项目（以下简称"扬电三期项 目"）实施需要，江苏省新能源开发股份有限公司（以下简称"江苏新能"、"公 司"）控股子公司江苏新能昊扬新能源发展有限公司（以下简称"新能昊扬"） 拟移除移建部分布置在江苏国信扬州发电有限责任公司（以下简称"国信扬电"） 厂区的光伏项目，该事项对新能昊扬造成的损失由国信扬电向其进行补偿。本次 移除移建损失以评估结论为依据，金额为 47,020,015.69 元，由国信扬电以现金 方式补偿给新能昊扬；若无法按照协议约定完成 10MWp 移建并恢复发电的，国信 扬电按照差异容量以最高 400 万元/MWp 现金补偿给新能昊扬，该部分补偿金额 以实际发生的损失金额为准。 ? 国信扬电为公司关联法人，本次交易构成关联交易。 ? ...