特此公告。 四川省新能源动力股份有限公司董事会 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 | 证券代码：000155 | 证券简称：川能动力 | | 公告编号：2025-057号 | | --- | --- | --- | --- | | 债券代码：148936 | 债券简称：24 | 川新能 GCV01 | | 为进一步加强与投资者的互动交流，四川省新能源动力股份有 限公司（以下简称"公司"）将参加由四川省上市公司协会、深圳 市全景网络有限公司联合举办的"四川辖区 2025 年投资者网上集 体接待日及半年度报告业绩说明会"活动，现将相关事项公告如下： 四川省新能源动力股份有限公司 关于参加四川辖区2025年投资者网上集体接待日及 半年度报告业绩说明会活动的公告 本次活动将采用网络远程的方式举行，投资者可登录"全景路 演"（https://rs.p5w.net）参与本次互动交流，活动时间为 2025 年 9 月 12 日（周五）14:00—17:00。届时公司高管将在线就公司 2024 年度及 2025 年半年度业绩、公司治理、发展战略、经营状况 和可持 ...

Core Viewpoint - Dongfang Electric (600875) reported a certain degree of growth in revenue and profit for the first half of 2025, but its performance in financial investments lagged behind its stable industrial operations [1] Financial Performance - The company experienced a year-on-year increase in both revenue and profit during the reporting period [1] - The financial investment performance was weaker compared to its operational stability [1] Investment Losses - Dongfang Electric faced unrealized losses on multiple stock investments, including a significant investment in Chuaneng Power (000155) [1] - The investment cost in Chuaneng Power was 1.158 billion yuan, with a book value of 856 million yuan at the end of the period [1] - Chuaneng Power executed capital operations in 2024, purchasing 20% equity of Chuaneng Wind Power from Dongfang Electric for 1.294 billion yuan, with a share issuance price of 14.84 yuan per share [1] - By the end of last year, the fair value change loss for this equity investment was 228 million yuan, with a book value of 991 million yuan [1] - As of September 4, the stock price of Chuaneng Power was 10.12 yuan per share, leading to a slight recovery in the market value of Dongfang Electric's holdings to 882 million yuan [1] Other Investments - The company also incurred unrealized losses on its investment in Nanfang Energy Storage (600995) [1] - In December 2022, Dongfang Electric's subsidiary invested 540 million yuan to subscribe for 42.5532 million shares in a private placement of Nanfang Energy Storage [1] - By the end of the first half, the book value of this investment was approximately 416 million yuan, but the stock price has since rebounded, reducing the unrealized loss [1]

债券代码： 148936.SZ 债券简称： 24 川新能 GCV01 发行人 四川省成都市青白江区团结路 311 号 债券受托管理人 中信证券股份有限公司 关于 四川省新能源动力股份有限公司控股股东权益 变动的进展 之 临时受托管理事务报告 广东省深圳市福田区中心三路 8 号卓越时代广场（二期）北座 签署日期：2025 年 9 月 四川省新能源动力股份有限公司（以下简称"发行人"）于 2025 年 8 月 28 日披露《四川省新能源动力股份有限公司关于公司控股股东权益变动的进展公告》 （公告编号：2025-045 号），中信证券股份有限公司（以下简称"中信证券"） 作为四川省新能源动力股份有限公司 2024 年面向专业投资者公开发行碳中和绿 色乡村振兴公司债券（第一期）（以下简称"24 川新能 GCV01"，债券代码： 148936.SZ）的债券受托管理人，持续密切关注对债券持有人权益有重大影响的 事项。根据《公司债券发行与交易管理办法（2023 年修订）》《深圳证券交易所公 司债券上市规则（2023 年修订）》《公司债券受托管理人执业行为准则》《深圳证 券交易所公司债券存续期监管业务指引第 2 号——临时报 ...

Summary of Key Points Core Viewpoint - On September 1, Chuaneng Power executed a block trade of 1.5 million shares, amounting to 15.09 million yuan, which represented 7.89% of the total trading volume for the day, with a transaction price of 10.06 yuan, reflecting a discount of 0.98% compared to the market closing price of 10.16 yuan [1]. Group 1: Transaction Details - The block trade involved 1.5 million shares of Chuaneng Power at a price of 10.06 yuan per share [2]. - The total transaction value was 15.09 million yuan [2]. - The trade was conducted by an institutional buyer through Shenwan Hongyuan Securities Co., Ltd. [2].

Core Viewpoint - Chuaneng Power's financial performance for the first half of 2025 shows significant declines in revenue and net profit compared to the previous year, indicating potential challenges in operational efficiency and market conditions [1]. Financial Performance - Total revenue for the first half of 2025 was 1.486 billion yuan, a decrease of 17.58% year-on-year [1]. - Net profit attributable to shareholders was 306 million yuan, down 51.7% year-on-year [1]. - In Q2 2025, total revenue was 650 million yuan, a decline of 18.79% year-on-year, with net profit of 69.18 million yuan, down 68.24% [1]. - Gross margin decreased to 47.3%, down 19.99% year-on-year, while net margin fell to 21.69%, a drop of 44.73% [1]. - Total expenses (selling, administrative, and financial) amounted to 242 million yuan, representing 16.31% of revenue, an increase of 26.2% year-on-year [1]. - Earnings per share decreased to 0.17 yuan, down 58.54% year-on-year [1]. Debt and Receivables - The company has a high level of accounts receivable, with accounts receivable amounting to 327.94% of net profit [1][2]. - Interest-bearing debt increased to 12.482 billion yuan, a rise of 24.49% year-on-year [1]. Business Overview - Chuaneng Power focuses on green energy, primarily in renewable energy generation and lithium battery businesses, including wind and solar power projects and lithium production [3]. - The company has a total installed capacity of approximately 1.45 million kilowatts in renewable energy, with plans for further expansion [4]. Future Plans - The company has 207.08 million kilowatts of wind and solar projects under construction, aiming for early revenue generation [4]. - The lithium mining project at Lijiagou is expected to begin trial operations in Q4 2024, with production ramp-up dependent on operational conditions [6]. Market Environment - The pricing of renewable energy is expected to undergo market reforms, which may impact future revenue [5]. - The policy environment for lithium resource development remains stable, but market prices will significantly influence sales [5].

Core Viewpoint - Sichuan New Energy Power Co., Ltd. plans to issue debt financing tools and corporate bonds to optimize its financing structure and reduce costs, with a total registration amount not exceeding RMB 45 billion [1][2][5] Debt Financing Tools Registration Summary - The company intends to register for the issuance of debt financing tools in the interbank bond market, with a total amount not exceeding RMB 25 billion, including short-term financing bills up to RMB 5 billion, medium-term notes up to RMB 10 billion, and perpetual notes [1][2] - The issuance period for short-term financing bills will not exceed 270 days, while medium-term notes can be issued for up to 5 years [1][2] - The funds raised will be used for project capital, project construction, repayment of interest-bearing debts, and supplementing working capital [2][3] Corporate Bonds Registration Summary - The company plans to register for the issuance of general corporate bonds, with a total amount not exceeding RMB 20 billion [2][3] - The issuance period for these bonds will also not exceed 5 years [2][3] - The funds raised will primarily be used for repaying interest-bearing debts, project investments, equity investments, and supplementing working capital [3] Authorization Matters - The board of directors will seek full authorization from the shareholders' meeting to manage the registration and issuance process, including determining specific issuance products and timing [3][4] - The authorization will remain valid until the completion of the related matters [4] Approval Process - The proposal for the registration and issuance of bonds must be approved by the shareholders' meeting before implementation [4][5] Impact of Bond Issuance - The bond issuance is expected to diversify financing channels, meet the company's ongoing funding needs, lower financing costs, and support sustainable development in the new energy sector [5]

证券代码：000155 证券简称：川能动力 公告编号：2025-050 号 债券代码：148936 债券简称：24 川新能 GCV01 四川省新能源动力股份有限公司 关于 2025 年度中期利润分配预案的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 一、审议程序 四川省新能源动力股份有限公司（以下简称"公司"或"川能动 力"）于 2025 年 8 月 27 日召开第九届董事会第九次会议和第九届监 事会第五次会议，审议通过了《关于公司 2025 年度中期利润分配预 案的议案》。根据《公司章程》的规定，该事项尚须提交公司 2025 年第 1 次临时股东会审议。 二、公司 2025 年中期利润分配预案的基本情况 公司合并报表 2025 年上半年归属于上市公司股东的净利润为 计提的盈余公积 49,334,229.59 元，截至 2025 年 6 月 30 日，公司合 并财务报表未分配利润为 1,358,739,847.52 元。母公司 2025 年上半年 实现净利润 493,342,295.89 元，加上年初未分配利润 38,859,832.01 元，扣除计提 ...

Core Viewpoint - Chuaneng Power is accelerating its wind and solar business, with multiple projects under construction and a significant solar project recently receiving approval, indicating strong growth potential in the renewable energy sector [1][3]. Group 1: Project Development - Chuaneng Power has a total installed capacity of 1.29 million kilowatts for wind and solar projects, with 1.27 million kilowatts from wind and 23,900 kilowatts from solar as of the first half of 2025 [3][4]. - The company is currently constructing wind and solar projects with a combined capacity of 2.07 million kilowatts, which will increase the total installed capacity to approximately 3.4 million kilowatts upon completion [3][4]. - The recently approved 300,000-kilowatt solar power station project in Markang has a total investment of approximately 1.4 billion yuan, marking a significant step forward in the company's project pipeline [1][2]. Group 2: Financial Performance - In 2024, the revenue from wind and solar power generation is projected to be 1.638 billion yuan, with a gross margin of 71.03% [3]. - For the first half of 2025, the revenue from wind and solar power generation was 753 million yuan, with a gross margin of 67.58%, indicating strong profitability despite some operational challenges [3]. - The company anticipates a recovery in revenue and profit for the second half of 2025 as operational constraints are resolved [3]. Group 3: Market Position and Competitive Advantage - Chuaneng Power ranks among the top renewable energy companies in Sichuan province in terms of installed capacity [4]. - The company benefits from strong support from its parent company, Sichuan Energy Development Group, in resource acquisition and asset integration [4]. - With significant installed capacity and favorable policy support, Chuaneng Power possesses strong competitive capabilities in the renewable energy market [4].

2025年8月29日，川能动力(000155.SZ)发布2025年中报。 公司营业总收入为14.86亿元，在已披露的同业公司中排名第55，较去年同报告期营业总收入减少3.17亿 元，同比较去年同期下降17.58%。归母净利润为3.06亿元，在已披露的同业公司中排名第40，较去年同 报告期归母净利润减少3.28亿元，同比较去年同期下降51.70%。经营活动现金净流入为5.38亿元，在已 披露的同业公司中排名第40，较去年同报告期经营活动现金净流入减少2.21亿元，同比较去年同期下降 29.15%。 公司最新毛利率为47.30%，在已披露的同业公司中排名第15，较上季度毛利率减少4.89个百分点，较去 年同期毛利率减少11.82个百分点。最新ROE为2.89%，在已披露的同业公司中排名第54，较去年同期 ROE减少3.15个百分点。 公司摊薄每股收益为0.17元，在已披露的同业公司中排名第43，较去年同报告期摊薄每股收益减少0.24 元，同比较去年同期下降58.54%。 公司最新总资产周转率为0.06次，在已披露的同业公司中排名第74，较去年同期总资产周转率减少0.02 次，同比较去年同期下降26.76%。最新存 ...

Group 1 - The core viewpoint is that Chuaneng Power has achieved significant breakthroughs in its lithium battery business, with the Lijiagou spodumene mine project reaching its design capacity of processing 4,200 tons of ore per day and producing approximately 720 tons of concentrate daily, marking a new stage of efficient and stable production [1] - The annual production capacity of the Lijiagou mine is 1.05 million tons of raw ore and about 180,000 tons of concentrate, with potential for further increases in daily processing capacity up to 6,000 tons in the future [1] - The sales of new energy vehicles in China have surged, with a market share of 44.3% in new car sales in the first half of this year, leading to a significant recovery in the lithium battery industry's prosperity [1] Group 2 - The Lijiagou spodumene mine project is becoming a key force supporting the high-quality development of China's lithium battery industry, with an estimated annual revenue scale exceeding 900 million yuan from the lithium battery business [2] - The project has high-quality resource reserves, advanced environmental technology, and comprehensive industrial chain capabilities, indicating strong profitability and growth potential [2] - The lithium battery industry is experiencing a continuous recovery, with companies in the sector generally showing synchronized increases in revenue and profit, benefiting from new demand increments and technological innovations [2]