Core Viewpoint - The A-share market has seen a strong performance in the power sector, with several companies experiencing significant stock price increases [1] Company Performance - Meiyan Jixiang and Mindong Electric both reached the daily limit increase [1] - Leshan Electric surged by 8% [1] - Huayin Electric rose by 5% [1] - Datang Power and Shanghai Electric both increased by over 4% [1] - Guangzhou Development and Chuaneng Power both saw gains of over 3% [1]

Core Viewpoint - Chuaneng Power's stock price has shown fluctuations with a recent increase of 2.03%, while the company faces a decline in revenue and net profit year-on-year [1][2]. Group 1: Stock Performance - As of November 5, Chuaneng Power's stock price reached 12.04 CNY per share, with a trading volume of 3.38 billion CNY and a market capitalization of 22.228 billion CNY [1]. - The stock has increased by 14.56% year-to-date, but has seen a decline of 1.31% over the last five trading days [1]. - Over the past 20 days, the stock price has risen by 16.67%, and over the last 60 days, it has increased by 21.25% [1]. Group 2: Financial Performance - For the period from January to September 2025, Chuaneng Power reported a revenue of 2.095 billion CNY, a decrease of 7.98% year-on-year [2]. - The net profit attributable to shareholders was 347 million CNY, reflecting a significant decline of 44.83% compared to the previous year [2]. Group 3: Shareholder and Dividend Information - As of September 30, 2025, the number of shareholders decreased to 111,500, a reduction of 6.34% [2]. - The company has distributed a total of 1.153 billion CNY in dividends since its A-share listing, with 609 million CNY distributed over the last three years [3]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited is a new entrant, holding 18.6421 million shares [3].

华泰联合证券有限责任公司 关于四川能源发展集团有限责任公司 免于发出要约收购 四川省新能源动力股份有限公司 之 持续督导意见 财务顾问 （深圳市前海深港合作区南山街道桂湾五路128号前海深港基金小镇 B7栋401） 二〇二五年十一月 （一）关于本次收购情况概述 华泰联合证券有限责任公司（以下简称"华泰联合"或"本财务顾问"） 接受四川能源发展集团有限责任公司（以下简称"四川能源发展集团"或"收 购人"）委托，担任四川能源发展集团收购四川省新能源动力股份有限公司 （以下简称"川能动力"或"上市公司"）之财务顾问，根据《上市公司收购 管理办法》《上市公司并购重组财务顾问业务管理办法》等有关规定，持续督 导期自川能动力公告收购报告书之日起至收购完成后的12个月止（即从2025年3 月6日至收购完成后的12个月止）。 2025年10月28日，川能动力披露了2025年三季度报告。华泰联合作为本次 收购的财务顾问，出具了从2025年7月1日至2025年9月30日期间（以下简称"本 持续督导期"）的持续督导意见（以下简称"本意见"）。本意见所依据的文 件、书面资料等由收购人、四川化工集团有限责任公司（以下简称"化工集 团" ...

Core Viewpoint - Chuaneng Power (000155) is actively pursuing lithium mining opportunities in Sichuan province, particularly in Ganzi and Aba prefectures, in addition to its existing Li Jiagou lithium mine [1] Group 1 - The company’s controlling shareholder, Chuaneng Capital, holds exploration rights for the Li Jiagou North lithium mine [1] - The company plans to continuously track the progress of lithium mining resources that are set to be auctioned in the province [1] - The company aims to accelerate the acquisition of lithium mining resources within the province [1]

Core Viewpoint - Chuaneng Power (000155) announced that the Lijiagou lithium mine project is expected to reach its designed capacity by the end of August 2025, with a normal daily extraction of 4,200 tons of raw ore [1] Company Summary - Chuaneng Power's Lijiagou lithium mine project is on track to achieve its designed production capacity by August 2025 [1] - The project will enable the company to extract 4,200 tons of raw ore daily under normal conditions [1]

Core Viewpoint - The company stated that its lithium segment products are sold according to market principles, with prices fluctuating based on market conditions [1] Summary by Category - **Company Operations** - The company is actively engaging in the lithium market, indicating a flexible pricing strategy that aligns with market trends [1]

Core Viewpoint - The company confirmed that its lithium products are sold according to market principles, with prices adjusting in line with market trends as lithium prices recently surpassed 80,000 [2]. Company Summary - The company, Chuaneng Power (川能动力), responded to an investor inquiry regarding the pricing of its lithium carbonate products in light of rising lithium prices [2]. - The company stated that its lithium segment's products are sold based on market conditions, indicating a flexible pricing strategy [2]. Industry Summary - The lithium market is experiencing significant price increases, with recent prices exceeding 80,000, which may impact the overall dynamics of the lithium supply chain and pricing strategies across the industry [2].

Core Viewpoint - Chuaneng Power, a significant player in the renewable energy sector in Sichuan, has shown mixed performance in terms of revenue and profitability compared to its peers in the industry [2][3]. Group 1: Company Overview - Chuaneng Power was established on October 20, 1997, and listed on the Shenzhen Stock Exchange on September 26, 2000, with its registered and office address in Chengdu, Sichuan [1]. - The company operates in the renewable energy sector, focusing on wind power, solar power, waste-to-energy, lithium mining, lithium salt processing, and environmental protection equipment sales [1]. Group 2: Financial Performance - For Q3 2025, Chuaneng Power reported revenue of 2.095 billion, ranking 8th among 14 companies in the industry, significantly lower than the top performer, Huadian New Energy, at 29.479 billion, and the second, Longyuan Power, at 22.221 billion [2]. - The net profit for the same period was 439 million, placing it 9th in the industry, with the leading company, Huadian New Energy, achieving 8.37 billion, and Longyuan Power at 5.179 billion [2]. Group 3: Financial Ratios - As of Q3 2025, Chuaneng Power's debt-to-asset ratio was 55.09%, lower than the industry average of 60.48%, although it increased from 50.23% in the same period last year [3]. - The gross profit margin for Q3 2025 was 43.72%, above the industry average of 42.94%, but down from 53.94% year-on-year [3]. Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 6.34% to 111,500, while the average number of circulating A-shares held per shareholder increased by 6.77% to 16,600 [5]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited entered as a new shareholder, holding 18.6421 million shares, while the Southern CSI 500 ETF held 16.0806 million shares, a decrease of 356,300 shares from the previous period [5]. Group 5: Management Compensation - The total compensation for General Manager Wan Peng was 659,100, reflecting an increase of 8,700 from the previous year [4].

债券代码:148936. SZ 债券简称:24 川新能 GCV01 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) 2025年付息公告 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。 重要内容提示: "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"本期债券") 将于 2025年11月4日开始支付自 2024年11月4日至 2025年11月 3日期间的利息。为保证本次付息工作的顺利进行,现将有关事宜公 告如下: 一、本期债券基本情况 发行主体:四川省新能源动力股份有限公司。 ● 债券简称:24 川新能 GCV01 ● 债券代码:148936. SZ ● 计息期间:2024年11月4日至2025年11月3日 ● 债权登记日:2025年11月3日 ● 债券付息日:2025年11月4日 债券代码:148936.SZ。 债券期限:本期债券期限为3年期。 发行规模:2.00 亿元。 债券利率:本期债券票面利率为 2.42%。 债券票面金额:100元。 ...

Core Viewpoint - Chuaneng Power's third-quarter report highlights significant growth driven by the large-scale production of lithium spodumene from the Lijiagou mine, resulting in a 28.52% year-on-year increase in revenue to 609 million yuan and a more than 12-fold increase in net profit to 41.48 million yuan [1] Financial Performance - In Q3, Chuaneng Power's revenue reached 609 million yuan, marking a 28.52% increase year-on-year [1] - The net profit attributable to shareholders surged over 12 times to 41.48 million yuan [1] Lithium Resource Development - The Lijiagou lithium spodumene mine achieved significant production milestones, with 635,500 tons of raw ore mined and 98,200 tons of raw ore sold from January to September 2025, alongside 83,700 tons of lithium concentrate sold, all showing substantial year-on-year growth [3] - By the end of August, the Lijiagou project had reached its designed capacity, producing 4,200 tons of raw ore daily [3] Market Dynamics - The price of battery-grade lithium carbonate has been on the rise, with a maximum increase of over 50% this year, driven by improved supply-demand fundamentals and positive market sentiment [1] - The domestic sales of new energy electric vehicles increased by 35% year-on-year in the first nine months of 2025, with an annual growth rate projected to exceed 30% [4] Strategic Initiatives - Chuaneng Power is advancing its integrated "mine-salt" strategy, which is expected to enhance profit margins by reducing lithium carbonate production costs as the project reaches full capacity [4] - The company is also progressing with six wind power projects and one solar project, with a total installed capacity of 970,800 kW and 800,000 kW respectively, while a new solar project is in the preparatory phase [5] Industry Outlook - The lithium battery sector is experiencing a robust supply-demand balance, with many leading manufacturers having orders booked into the next year [5] - The rapid growth of the new energy sector is transforming China's energy structure, shifting from resource dependence to technology reliance, and fostering sustainable growth in the green economy [5][6]