长江商报奔腾新闻记者 江楚雅 广东电力龙头粤电力A推进业务拓展。 为保障项目运营，粤电力A将为滨海湾能源公司提供不超过43亿元的运营保障支持。此外，公司还将与 广东粤电领航能源有限公司及中国康富国际租赁股份有限公司共同设立有限合伙企业，并作为有限合伙 人出资不超过9.5亿元。滨海湾能源公司则可向公司发放不超过13亿元的委托贷款。此次发行事项不构 成重大资产重组或关联交易，但仍需经有关部门批准。 值得注意的是，受行业周期性影响，公司业绩出现一定波动。2024年，公司实现营业总收入571.59亿 元，同比下降4.27%；归母净利润9.64亿元，同比下降1.07%；扣非净利润9.31亿元，同比下降14.86% 资料显示，粤电力主营火电、水电、新能源发电业务，是广东省能源集团（广东规模最大的能源企业） 旗下唯一的上市平台，实际控制人为广东省国资委。 粤电力A预计2025年上半年度归母净利润2800万元-3600万元，同比减少96.90%-96.01%，扣非净利润亏 损1500万元—2300万元。 在煤电方面，粤电力A目前在建煤电装机800万千瓦，其中2025年内预计投产约300—500万千瓦，其余 预计在2026年— ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000539、200539 证券简称：粤电力A、粤电力B 公告编号：2025-31 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 第十一届董事会第六次会议决议公告 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第六次会议于2025年7月22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：2025年8月5日 召开地点：广州市 召开方式：现场会议 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）。郑云鹏董事长、李方吉 董事、贺如新董事、陈延直董事、张汉玉独立董事、吴战篪独立董事、赵增立独立董事亲自出席了本次 会议，李葆冰董事委托郑云鹏董事长、张存生董事委托赵增立独立董事、才国伟独立董事委托吴战篪独 立董事出席并行使表决权。 4、会议主持人为公 ...

Group 1 - The company has approved the issuance of an energy infrastructure investment asset-backed special plan (similar to REITs) to revitalize existing assets and improve capital structure [1][2] - The issuance will involve a maximum scale of 3.801 billion yuan, with a term not exceeding 30 years, using the Dongguan Ningzhou site replacement power project as the underlying asset [1][3] - The company will subscribe to subordinate asset-backed securities up to 1 million yuan and provide operational support for the underlying asset [2][4] Group 2 - The underlying asset for this issuance is the Dongguan Ningzhou site replacement power project, with a total installed capacity of 2,484 MW [3] - The issuance aims to optimize the company's capital structure, reduce interest expenses, and lower the debt-to-asset ratio, contributing to sustainable development [4] - The project will not significantly impact the company's normal operations or harm the interests of shareholders, complying with relevant laws and regulations [4]

证券日报网讯 8月5日晚间，粤电力A发布公告称，公司第十一届董事会第六次会议审议通过了《关于向 湛江中粤能源有限公司增资的议案》等多项议案。 （文章来源：证券日报） ...

Core Viewpoint - The company aims to revitalize its existing assets, improve its capital structure, and ensure sustainable development through a series of financial maneuvers involving its subsidiary and asset-backed securities [1][2] Group 1: Asset Management and Financial Strategy - The company approved the issuance of an asset-backed special plan (similar to REITs) with a scale not exceeding 38.01 billion yuan, with a term of no more than 30 years, using the Dongguan Ningzhou site as the underlying asset [1] - The company will provide operational support and performance guarantees for its subsidiary, Guangdong Yue Electric Binhai Bay Energy Co., Ltd., not exceeding 4.3 billion yuan [1] - The company plans to invest up to 950 million yuan as a limited partner in a newly established limited partnership with Guangdong Yue Electric Linghang Energy Co., Ltd. and China Kangfu International Leasing Co., Ltd. [1] Group 2: Equity and Debt Structure Adjustments - The company will transfer 100% equity of Binhai Bay Energy Co., Ltd. to the limited partnership through a non-public agreement and adjust the subsidiary's equity and debt structure as needed [2] - The company will hold priority acquisition rights for the equity and debt of Binhai Bay Energy Co., Ltd., as well as for the priority asset-backed securities and limited partnership agreement shares [2] - After the issuance of the asset-backed securities, Binhai Bay Energy Co., Ltd. may issue entrusted loans to the company, not exceeding 1.3 billion yuan [2]

格隆汇8月5日丨粤电力Ａ(000539.SZ)公告称，公司第十一届董事会第六次会议审议通过了关于申报发 行能源基础设施投资资产支持专项计划(类REITs)的议案。公司将以全资子公司广东粤电滨海湾能源有 限公司持有的东莞宁洲厂址替代电源项目作为底层资产，发行规模不超过38.01亿元，期限不超过30年 的资产支持专项计划(类REITs)，并由公司认购次级资产支持证券，持有规模不超过100万元。此外，公 司作为运营保障机构将为滨海湾能源公司提供不超过43亿元的运营保障支持及履约支持。该发行事项无 需提交公司股东大会审议。 ...

证券代码：000539、200539 证券简称：粤电力A、粤电力B 公告编号：2025-29 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 关于2025年上半年发电量完成情况的 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。 二、截至 2025 年上半年装机容量情况 2025 年上半年，公司拥有可控装机容量 4,315.31 万千瓦，其中控股装机 4055.93 万千瓦，参股权益装机 259.38 万千瓦。其中：燃煤发电控股装机容量 2,001 万千瓦，占比 49.34%；气电控股装机容量 1,184.7 万千瓦，占比 29.21%；风电 控股装机容量 389.50 万千瓦，占比 9.60%；光伏控股装机容量 457.45 万千瓦， 1 占比 11.28%；水电控股装机容量 13.28 万千瓦；生物质控股装机容量 10 万千瓦； 上述风电、水电、光伏、生物质等可再生能源发电控股装机容量合计 870.23 万 千瓦，占比 21.46%。 此外，公司受托 ...

[Expected Performance for the Current Period](index=1&type=section&id=%E4%B8%80%E3%80%81%E6%9C%AC%E6%9C%9F%E4%B8%9A%E7%BB%A9%E9%A2%84%E8%AE%A1%E6%83%85%E5%86%B5) The company anticipates a significant decline in its 2025 first-half performance, with net profit attributable to shareholders projected to be RMB 28 million to RMB 36 million, and a non-recurring loss of RMB 15 million to RMB 23 million Key Financial Performance Indicators | Item | January 1 - June 30, 2025 | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Profit: RMB 28 million - RMB 36 million | Profit: RMB 902.94 million | | Year-over-Year Change | **Decrease: 96.90% - 96.01%** | - | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Loss: RMB 15 million - RMB 23 million | Profit: RMB 886.06 million | | Year-over-Year Change | **Decrease: 102.60% - 101.69%** | - | | **Basic Earnings Per Share** | Profit: RMB 0.0053/share - RMB 0.0069/share | Profit: RMB 0.1720/share | [Explanation of Performance Changes](index=1&type=section&id=%E4%B8%89%E3%80%81%E4%B8%9A%E7%BB%A9%E5%8F%98%E5%8A%A8%E5%8E%9F%E5%9B%A0%E8%AF%B4%E6%98%8E) The significant year-over-year decline in first-half 2025 performance is primarily due to falling electricity prices, which reduced average power generation gross margins as revenue decreased more than costs - The primary reason for the significant year-over-year decline in first-half performance is the substantial decrease in electricity prices due to market and policy factors, leading to a greater reduction in revenue than costs and a decline in average power generation business gross margin[5](index=5&type=chunk) - Despite the overall weak performance in the first half, the company achieved a quarter-over-quarter turnaround in Q2 2025, primarily driven by the gradual release of power generation capacity and increased contributions from new energy businesses[5](index=5&type=chunk) [Other Information](index=1&type=section&id=%E5%85%B6%E4%BB%96%E4%BF%A1%E6%81%AF) The company states this performance forecast is a preliminary estimate by the finance department, unaudited by an accounting firm, with final data to be disclosed in the 2025 semi-annual report, urging investor caution - This performance forecast has not been pre-audited by an accounting firm[4](index=4&type=chunk) - The company advises that this forecast is a preliminary estimate by the finance department, with specific data subject to the final semi-annual report disclosure, urging investors to be aware of risks[7](index=7&type=chunk)

Investment Rating - The investment rating for the utility sector is "Positive" [2] Core Insights - The report highlights that the renewable energy power consumption responsibility weights for 2025 have been issued, indicating a focus on increasing the use of green electricity in various industries [5] - The LNG import volume in May 2025 decreased by 26.3% year-on-year, while domestic natural gas consumption showed a slight increase of 2.4% [5] - The report suggests that the power sector is expected to see profit improvement and value reassessment due to previous supply-demand tensions [5] Summary by Sections Market Performance - As of July 11, the utility sector rose by 1.1%, outperforming the broader market, with the electricity sector up by 1.10% and the gas sector up by 1.22% [4][12] - Key companies in the electricity sector showed varied performance, with notable increases for companies like Guikuan Electric and Guangdong Electric A [13] Electricity Industry Data Tracking - The price of thermal coal at Qinhuangdao Port (Q5500) increased by 8 CNY/ton week-on-week, reaching 624 CNY/ton [4][21] - Coal inventory at Qinhuangdao Port decreased to 5.6 million tons, down 100,000 tons week-on-week [26] - Daily coal consumption in inland provinces was reported at 3.55 million tons, a decrease of 95,000 tons/day week-on-week [28] Natural Gas Industry Data Tracking - The LNG ex-factory price index in Shanghai was reported at 4,460 CNY/ton, a year-on-year decrease of 1.13% but a week-on-week increase of 1.09% [48] - The European TTF spot price increased by 23.0% year-on-year, reaching 11.86 USD/MMBtu [53] - Domestic natural gas apparent consumption in May 2025 was 36.42 billion cubic meters, a year-on-year increase of 2.4% [5] Industry News - The National Development and Reform Commission and the National Energy Administration issued guidelines for renewable energy consumption responsibilities, emphasizing the use of green electricity in high-energy-consuming industries [5] - The largest medium and shallow coalbed methane field in China has surpassed a cumulative gas production of 20 billion cubic meters [5] Investment Recommendations - The report recommends focusing on national coal power leaders such as Guodian Power, Huaneng International, and Huadian International, as well as regional leaders in tight supply areas [5] - For natural gas, companies with low-cost long-term gas sources and receiving station assets are expected to benefit from market conditions [5]

Core Viewpoint - The supercritical power generation concept has seen a 2.20% increase, ranking 7th among concept sectors, with significant gains from several stocks within the sector [1][2]. Group 1: Stock Performance - 72 stocks within the supercritical power generation sector experienced gains, with Huayin Power, YN Energy, and Huadian Liaoning reaching the daily limit up [1]. - Notable stock performances include: - Guangdong Power A: +8.05% - Gan Energy: +7.45% - Jiantou Energy: +6.59% [1][5]. - The stocks with the largest declines include: - Shengde Xintai: -3.28% - ST Huaxi: -1.82% - Jiuli Special Materials: -1.59% [1][7]. Group 2: Capital Flow - The supercritical power generation sector attracted a net inflow of 544 million yuan, with 41 stocks receiving net inflows [2][3]. - The top stocks by net inflow include: - Rongfa Nuclear Power: 433.42 million yuan - Huadian International: 84.74 million yuan - Jingneng Power: 82.74 million yuan [2][3]. - The net inflow ratios for leading stocks are: - Inner Mongolia Huadian: 18.31% - Jingneng Power: 17.48% - Huadian Energy: 15.44% [3].