Core Points - The company has announced its third-quarter financial report, ensuring the accuracy and completeness of the information provided [2][3][9] - The company has decided to change part of its fundraising projects, reallocating funds from the "Lishui City Hangli Thermal Power Project" to the "Hubei Xiaochi Binjiang New District Combined Heat and Power Project (Phase I)" [6][8] Financial Data - The financial report for the third quarter is unaudited, and the main financial data and indicators are presented in RMB [3][7] - The company reported a cash dividend of 0.06 RMB per share, totaling 24,006,000 RMB based on a total share capital of 400,100,000 shares [10][12] Shareholder Information - The cash dividend distribution plan was approved at the third extraordinary general meeting of shareholders held on October 10, 2025 [10][12] - The company has outlined the tax implications for different types of shareholders regarding the cash dividend distribution [14][15][16]

Group 1 - The company announced a profit distribution plan for the first half of 2025, proposing a cash dividend of 0.06 yuan per share (tax included) for A-shares [2] - The record date for the dividend is set for November 6, 2025, and the ex-dividend date is November 7, 2025 [2]

Core Viewpoint - Hangzhou Thermal Power is a leading regional cogeneration enterprise with technological advantages in efficient cogeneration and multi-energy complementarity, listed on the Shanghai Stock Exchange since June 30, 2021 [1] Group 1: Business Performance - In Q3 2025, Hangzhou Thermal Power reported revenue of 2.306 billion yuan, ranking 5th among 18 companies in the industry, with the top company, Xiexin Nengke, generating 7.935 billion yuan [2] - The main business composition includes cogeneration business at 781 million yuan (51.54%), coal business at 684 million yuan (45.13%), and other revenues at 50.5174 million yuan (3.33%) [2] - The net profit for the same period was 182 million yuan, ranking 7th in the industry, with the top company achieving 893 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, the debt-to-asset ratio for Hangzhou Thermal Power was 30.39%, a slight decrease from 30.94% year-on-year, which is lower than the industry average of 43.74% [3] - The gross profit margin for Q3 2025 was 11.87%, up from 11.72% year-on-year, but still below the industry average of 22.05% [3] Group 3: Management and Shareholder Information - The controlling shareholder is Hangzhou Energy Group Co., Ltd., with the actual controller being the People's Government of Hangzhou [4] - The chairman, Li Bing, has a rich background in various positions, while the general manager, Yu Jun, has a salary of 170,800 yuan for 2024 [4] - As of September 30, 2025, the number of A-share shareholders increased by 5.34% to 28,900, with an average holding of 13,800 shares, a decrease of 5.07% [5]

Financial Performance - Total operating revenue for Q3 2025 was ¥791,389,144.19, a decrease of 13.88% compared to the same period last year[4] - Net profit attributable to shareholders was ¥34,859,859.52, down 33.38% year-on-year[4] - Basic and diluted earnings per share were both ¥0.08, representing a decline of 38.46% compared to the previous year[5] - Total operating revenue for the first three quarters of 2025 was approximately ¥2.31 billion, a decrease of 11.16% compared to ¥2.60 billion in the same period of 2024[19] - Net profit for the first three quarters of 2025 was approximately ¥182.11 million, a decrease of 13.14% compared to ¥209.54 million in 2024[20] - Basic and diluted earnings per share for the first three quarters of 2025 were both ¥0.36, compared to ¥0.42 in the same period of 2024[20] - The company reported a total profit of approximately ¥224.58 million for the first three quarters of 2025, a decrease of 9.31% from ¥247.65 million in 2024[19] Assets and Liabilities - Total assets increased by 5.28% to ¥4,292,384,452.33 compared to the end of the previous year[5] - As of September 30, 2025, the company's total assets amounted to RMB 4,292,384,452.33, an increase from RMB 4,077,183,993.01 at the end of 2024, reflecting a growth of approximately 5.3%[16] - The company's current assets totaled RMB 1,461,067,730.23, up from RMB 1,329,644,380.54, indicating an increase of about 9.9% year-over-year[14] - The total liabilities of the company were RMB 1,304,667,615.79, an increase from RMB 1,233,181,050.89, marking a rise of about 5.8%[16] - The company's total equity increased to RMB 2,987,716,836.54 from RMB 2,844,002,942.12, showing a growth of approximately 5.0%[16] Cash Flow - Cash flow from operating activities for the year-to-date decreased by 34.18% to ¥193,498,155.76[4] - Cash flow from operating activities for the first three quarters of 2025 was approximately ¥193.50 million, down 34.16% from ¥293.99 million in 2024[22] - Cash and cash equivalents at the end of the first three quarters of 2025 increased to approximately ¥892.65 million, compared to ¥655.92 million at the end of 2024[24] - Investment activities generated a net cash outflow of approximately ¥71.53 million in the first three quarters of 2025, an improvement from a net outflow of ¥288.63 million in 2024[22] - Financing activities generated a net cash inflow of approximately ¥29.70 million in the first three quarters of 2025, compared to a net outflow of ¥70.17 million in 2024[24] Expenses and Costs - Cash flow from operating activities for the year-to-date decreased by 34.18% to ¥193,498,155.76[4] - Total operating costs for the first three quarters of 2025 were approximately ¥2.17 billion, down 11.25% from ¥2.44 billion in 2024[19] - Research and development expenses for the first three quarters of 2025 were approximately ¥21.29 million, significantly lower than ¥55.84 million in 2024[19] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 28,942[10] - The largest shareholder, Hangzhou Energy Group Co., Ltd., holds 61.63% of the shares[11] Other Notable Information - Non-recurring gains and losses totaled ¥3,265,105.41 for the current period[7] - The company experienced increased labor costs and fluctuations in period expenses, impacting net profit[8] - The company's net profit for the first nine months of 2025 is yet to be disclosed, but the focus remains on improving operational efficiency and capital allocation[17] - The company has decided to redirect RMB 67,069,600 from the suspended "Lishui City Hangli Thermal Power Project" to the "Hubei Xiaochi Binjiang New Area Combined Heat and Power Project (Phase I)" to enhance fundraising efficiency[14] - The company's long-term equity investments decreased to RMB 234,258,985.83 from RMB 250,338,401.26, reflecting a decline of approximately 6.4%[15] - The company's inventory decreased to RMB 99,280,393.56 from RMB 129,646,629.29, indicating a reduction of about 23.5%[15] - The company plans to establish a dedicated fundraising account and has authorized the signing of a four-party supervision agreement to ensure proper fund management[14]

证券代码：605011 证券简称：杭州热电 公告编号：2025-054 杭州热电集团股份有限公司 2025年半年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.06元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/11/6 | － | 2025/11/7 | 2025/11/7 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 10 月 10 日的2025年第三次临时股东大会审 议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本400,100,000股为基数，每股派发现 金红利0.06元（含税）， ...

Group 1 - The company announced the election of Mr. Li Bing as the chairman of the third board of directors [2] - Mr. Li Bing will also serve as the chairman of the board's strategic committee [2]

证券代码：605011 证券简称：杭州热电 公告编号：2025-050 杭州热电集团股份有限公司 2025年第四次临时股东大会决议公告 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。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 10 月 17 日 (二)股东大会召开的地点：杭州市滨江区月明路 199 号趣链产业园 1 号楼 15 楼 会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 268 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 321,194,300 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 80.2785 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会由董事、总经理俞峻先生主持，会议采用现场投票与网络投票 相结合的表决方式进行表决。本次会议的召集、 ...

Group 1 - The company Hangzhou Thermal Power announced that its third board meeting will be held on October 17, 2025, via communication methods [1] - The meeting will review the proposal for the election of the company's chairman among other documents [1] Group 2 - Lin Yuan responded firmly to the market's losses, stating "I am still here!" and emphasized that he will continue to invest [1] - He maintains that liquor is a "pleasure demand" and expressed concerns about technology stocks, indicating they cause him sleepless nights [1]

Core Viewpoint - Hangzhou Thermal Power (605011.SH) has elected Mr. Li Bing as the chairman of the board for its third term, ensuring compliance with internal governance standards and expediting the election process [1] Group 1: Board Election - The board of directors unanimously approved the proposal to elect Mr. Li Bing as the chairman [1] - Mr. Li Bing will also serve as the chairman of the board's strategic committee [1] - His term will last from the date of approval until the end of the third board's term [1] Group 2: Legal Representation - Upon his election, Mr. Li Bing becomes the legal representative of the company [1] - The company will proceed with necessary business registration changes as per regulations [1]

关于设立募集资金专户并授权签订四方监管协议的 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。 证券代码：605011 证券简称：杭州热电 公告编号：2025-053 杭州热电集团股份有限公司 杭州热电集团股份有限公司董事会 2025 年 10 月 18 日 1 / 1 杭州热电集团股份有限公司（以下简称"公司"）于 2025 年 10 月 10 日召开 的 2025 年第三次临时股东大会审议通过了由公司第三届董事会第十一次会议审 议通过并提报的《关于变更部分募投项目暨向控股子公司实缴注册资本以实施募 投项目的议案》，为提高募集资金的使用效率，在充分考虑自身发展情况和项目 所处市场环境的基础上，公司中止首次公开发行的募集资金投资项目"丽水市杭 丽热电项目集中供热三期项目"，将该项目原计划投入的募集资金 6,706.96 万元 及专户产生的利息（具体金额以实际结转时项目专户资金余额为准）投入到"湖 北小池滨江新区热电联产项目（一期）"（以下简称"新项目"）。公司将向控股子 公司湖北滨江能源有限公司以实缴注册资本金的方式用于新 ...