粤电力A(000539.SZ)发布公告，2026年2月11日，公司控股子公司广东粤电靖海发电有限公司投资建设 的惠来电厂5、6号机组扩建工程(2×1000MW)项目(以下简称"项目")6号机组通过168小时满负荷试运 行，顺利实现并网投产，正式投入商业运营。至此，项目两台1000MW超超临界二次再热燃煤发电机组 全面建成投产。 ...

Core Viewpoint - Guangdong Yuedian A (000539.SZ) announced the successful commissioning of the 6th unit of the Huizhou Power Plant expansion project, marking the completion of two 1000MW ultra-supercritical reheat coal-fired generating units [1] Group 1 - The 6th unit of the Huizhou Power Plant has completed a 168-hour full-load trial operation and has officially commenced commercial operations [1] - The project includes the construction of two 1000MW units, which are now fully operational [1]

| 公司债券代码：149418 | 公司债券简称：21粤电02 | | | | --- | --- | --- | --- | | 证券代码：000539、200539 公司债券代码：149711 | 证券简称：粤电力A、粤电力B 公司债券简称：21 03 | 粤电 | 公告编号：2026-12 | 广东电力发展股份有限公司 关于惠来电厂 5、6 号机组扩建工程（2× 1000MW）项目投产的自愿性信息披露公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误 导性陈述或重大遗漏。 2026 年 2 月 11 日，广东电力发展股份有限公司（以下简称"本公司"或"公 司"）控股子公司广东粤电靖海发电有限公司投资建设的惠来电厂 5、6 号机组扩 建工程（2×1000MW）项目（以下简称 "项目"）6 号机组通过 168 小时满负荷 试运行，顺利实现并网投产，正式投入商业运营。至此，项目两台 1000MW 超超临 界二次再热燃煤发电机组全面建成投产。 惠来电厂 5、6 号机组扩建工程（2×1000MW）项目位于揭阳市惠来县，规划 建设两台 1000MW 超超临界二次再热燃煤发电机组，项目总 ...

| 证券代码：000539、200539 | 证券简称：粤电力 | A、粤电力 | B | 公告编号：2026-11 | | --- | --- | --- | --- | --- | | 公司债券代码：149418 | 公司债券简称：21 | 粤电 02 | | | | 公司债券代码：149711 | 公司债券简称：21 | 粤电 03 | | | | | | 广东电力发展股份有限公司 | | | 第十一届董事会 2026 年第一次通讯会议 决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导 性陈述或重大遗漏。 一、董事会会议召开情况 1、发出会议通知的时间和方式 广东电力发展股份有限公司第十一届董事会 2026 年第一次通讯会议于 2026 年 1 月 26 日以电子邮件的方式发出会议通知。 2、召开会议的时间、地点和方式 董事会召开时间：2026 年 2 月 11 日 召开地点：广州市 召开方式：通讯表决 3、董事会出席情况 会议应到董事 10 名（其中独立董事 4 名），实到董事 10 名（其中独立董事 4 名）， 全体董事以通讯表决方式出席会议。 4、本次会议的召 ...

Core Viewpoint - The company is focusing on accelerating energy transition in line with the "carbon peak" and "carbon neutrality" goals, particularly emphasizing offshore wind power projects [1] Group 1 - The company is currently in the process of formulating its 14th Five-Year Plan [1] - Future developments will prioritize the optimization of the company's power generation structure and the transition to clean and low-carbon energy [1]

Group 1: Financial Performance - In 2025, the company's coal-fired power generation faced significant revenue pressure due to a sharp decline in on-grid electricity prices, despite a decrease in coal prices that positively impacted cost control [1] - The average gross profit margin for coal-fired units decreased year-on-year due to the adverse effects of falling electricity prices [1] Group 2: Coal Procurement Structure - The company procures coal through a joint venture, Guangdong Power Industry Fuel Co., Ltd., with a procurement structure of approximately 50% domestic coal and 50% imported coal in 2025, primarily sourcing imported coal from Indonesia [1] Group 3: 2026 Operational Outlook - The company anticipates continued operational pressure in 2026, with the average transaction price in the Guangdong electricity market expected to decline further; efforts will focus on controlling fuel procurement costs and optimizing electricity market trading strategies [1] Group 4: Construction and Investment Plans - As of the end of 2025, the company has 5 million kW of coal-fired power generation under construction, with 3 million kW expected to be operational in 2026 and the remainder in 2027; gas-fired projects are also in progress with specific capacities to be confirmed [2] Group 5: Renewable Energy Development - The company is currently drafting its 14th Five-Year Plan, focusing on accelerating energy transition in line with "carbon peak" and "carbon neutrality" goals, with a particular emphasis on offshore wind power and optimizing the power generation structure for cleaner and low-carbon energy [2]

北京天达共和律师事务所 关于广东电力发展股份有限公司 2026 年第一次临时股东会的 法律意见书 致：广东电力发展股份有限公司 北京天达共和律师事务所（以下简称"本所"）受广东电力发展 股份有限公司（以下简称"公司"）委托，指派张书杰律师和朱春容 律师（以下简称"经办律师"）参加了公司于2026年2月9日下午14:30 在广州市天河东路2号粤电广场南塔33楼会议室召开的公司2026年第 一次临时股东会（以下简称"本次股东会"）。 本所及经办律师根据《中华人民共和国公司法》（以下简称"《公 司法》"）、《中华人民共和国证券法》《上市公司股东会规则》及 《广东电力发展股份有限公司章程》的规定，对公司本次股东会的召 集人资格、召集和召开程序、出席会议人员的资格、临时提案的提出、 股东会的表决程序和表决结果等事宜进行审查和见证后出具本法律意 见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包 括但不限于： 1、公司现行有效的《公司章程》； 2、公司于2026年1月23日在深圳证券交易所网站公告的《广东电 力发展股份有限公司第十一届董事会第九次会议决议公告》； 1 3、公司于2026年1月23日在深圳证券 ...

证券代码：000539、200539 证券简称：粤电力 A、粤电力 B 公告编号：2026-10 公司债券代码：149418 公司债券简称：21 粤电 02 公司债券代码：149711 公司债券简称：21 粤电 03 广东电力发展股份有限公司 2026 年第一次临时股东会决议公告 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。 特别提示： 本次股东会无否决提案的情形，未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 1、召开时间： 2、现场会议召开地点：广州市天河东路2号粤电广场南塔33楼会议室 3、召开方式：本次股东会采取现场投票及网络投票相结合的方式 4、召集人：公司董事会 5、主持人：公司董事长郑云鹏先生 6、会议应到董事10人（其中独立董事4人），实到董事10人（其中独立董事4 人），公司高级管理人员、部门部长、公司律师列席了本次会议。 7、本次会议的召开符合《公司法》、《深圳证券交易所股票上市规则》等有关 法律、行政法规、部门规章、规范性文件和公司《章程》的规定。 1 （1）现场会议召开时间：2026年2月9日（星期一）下午14:30 （2 ...

Core Viewpoint - The company, Guangdong Electric Power A (粤电力A), is experiencing a significant increase in renewable energy generation and has entered a "production explosion period" with multiple projects coming online, enhancing its market competitiveness and operational capacity [1][2][3]. Group 1: Project Developments - The Maoming Boge Power Plant's 4th unit, part of a 2×1000MW project, has officially commenced commercial operations, completing the construction of two supercritical coal-fired units [1][2]. - The total investment for the Maoming Boge Power Plant project is 7.484 billion yuan, with an expected annual generation capacity of 8.6 billion kilowatt-hours [2]. - The company has also recently completed the expansion of the Huilai Power Plant, with its 5th unit successfully entering commercial operation [3]. Group 2: Renewable Energy Growth - In 2025, the company's renewable energy generation (including wind, hydro, solar, and biomass) reached 10.946 billion kilowatt-hours, a year-on-year increase of approximately 24% from 8.823 billion kilowatt-hours [7]. - The company reported a total generation of 1277.82 billion kilowatt-hours in 2025, reflecting a 1.54% increase year-on-year [6][7]. Group 3: Capacity and Performance Metrics - As of the end of 2025, the company has a controllable installed capacity of 46.6831 million kilowatts, with coal power accounting for 52.34% of this capacity [7]. - The company plans to add 3 million kilowatts of coal power and 993.6 thousand kilowatts of solar power through self-construction and acquisitions in 2025 [8]. Group 4: Financial Performance - The company anticipates a net profit attributable to shareholders of between 577 million and 757 million yuan for 2025, representing a year-on-year decline of 21.45% to 40.12% [8]. - The decline in profit is attributed to intensified market competition and a significant drop in on-grid electricity prices, despite a decrease in fuel costs [8].

Group 1 - Chinese government emphasizes the implementation of policies to promote high-quality development and new growth points [2][39] - Local governments are urged to enhance service awareness and improve administrative efficiency to address business concerns [2][39] - The "14th Five-Year Plan" should focus on practical and systematic planning, avoiding overly ambitious projects [2][39] Group 2 - Recent incidents of Chinese enterprise personnel being detained in the US have raised concerns about the impact on business exchanges [3][40] - The Chinese government has expressed strong opposition to the US's actions and called for the cessation of such practices [3][40] Group 3 - The South Korean stock market experienced a significant drop, triggering temporary trading halts [5][42] - The KOSPI index fell by 5.26%, closing at 4949.67 points, after previously reaching a historic high [6][42][7] - The Indonesian stock market also faced turbulence, with the Jakarta Composite Index dropping by 4.88% [8][43] Group 4 - The domestic futures market saw a rare plunge, with 13 commodity futures hitting the limit down due to panic selling [9][44] - The decline was attributed to a combination of factors, including excessive leverage and market structure vulnerabilities [9][44] Group 5 - The National Investment Silver LOF fund announced a significant adjustment in its valuation method for silver futures contracts [10][45] - This adjustment aims to better reflect international market price fluctuations [10][45] Group 6 - The gaming industry reported record revenue per user, with several A-share companies expecting positive performance [17][52] - The humanoid robot industry is accelerating, with institutions actively researching companies with promising earnings [17][52] Group 7 - Shanghai Yizhong reported a net profit increase of 819.42% for 2025, driven by the inclusion of its core product in the national medical insurance directory [19][53] - The company plans to continue investing in R&D for innovative drugs [19][53] Group 8 - XGIMI Technology and Espressif Systems announced share buyback plans, with total amounts not less than 50 million yuan [20][54] - ST Kaiyuan may face delisting risk due to negative net assets projected for 2025 [21][55]