Group 1 - The company achieved a total operating revenue of 23.517 billion yuan in 2024, representing a year-on-year increase of 20.09% [1] - The net profit attributable to shareholders reached 531 million yuan, up 181.59% year-on-year, while the non-recurring net profit surged by 5401.22% to 399 million yuan [1] - The significant performance improvement was primarily driven by the decline in coal prices, expansion of installed capacity, and advancement of renewable energy projects [1][4] Group 2 - The average procurement price of thermal coal was 822.02 yuan per ton, a decrease of 10.07% year-on-year, which contributed to the increase in gross profit margin [4] - The company completed a total electricity generation of 50.366 billion kilowatt-hours, marking a 27.79% increase year-on-year, largely due to the acquisition of additional power generation assets [4] - Despite the positive impact of lower coal prices, the average on-grid electricity price fell by 2.82% to 437.37 yuan per megawatt-hour, indicating potential pressure on profitability from market reforms [4][6] Group 3 - The company has made progress in its renewable energy transition, with 457,100 kilowatts of renewable capacity installed and 600,000 kilowatts under construction [5] - The proportion of renewable energy capacity to total installed capacity remains low at 3.74%, indicating a continued reliance on traditional thermal power [5] - The company is actively developing energy storage projects, including pilot projects and distributed energy storage initiatives [5] Group 4 - The net cash flow from operating activities was 3.771 billion yuan, reflecting a year-on-year increase of 75.25%, indicating strong cash flow health [6] - The company faces challenges from electricity price fluctuations due to ongoing market reforms, which may impact future performance [6] - The need to balance traditional thermal power advantages while accelerating the renewable energy transition is crucial for long-term competitiveness [6]

Core Viewpoint - Hebei Jiantou Energy Investment Co., Ltd. reported significant growth in revenue and net profit for 2024, driven by a decrease in coal prices and an increase in electricity demand, marking a successful turnaround for the company [2][3]. Financial Performance - In 2024, the company achieved operating revenue of 23.517 billion yuan, a year-on-year increase of 20.09% [3]. - The net profit attributable to shareholders reached 531 million yuan, up 181.59% year-on-year [3]. - The non-recurring net profit soared to 399 million yuan, reflecting a staggering growth of 5401.22% [3]. - The company plans to distribute a cash dividend of 1.3 yuan per 10 shares, totaling 235 million yuan, which represents 44.28% of the net profit attributable to shareholders [3]. Cost Structure and Profitability - The fuel cost for thermal power generation accounted for 71.77% of the company's operating costs, making coal price fluctuations critical to profitability [4]. - The average procurement price of coal was 822.02 yuan per ton, a decrease of 10.07% year-on-year, leading to significant cost savings [5]. - Despite a slight decrease in the average on-grid electricity price by 2.82% to 437.37 yuan per megawatt-hour, the company's revenue still grew by 20% due to expanded installed capacity [5]. Market Dynamics - The coal market saw a price drop, with the average price of 5500 kcal thermal coal at northern ports being 863 yuan per ton, down 11% year-on-year, easing the cost pressure on the coal power industry [5]. - The company procured 34.01 million tons of coal in 2024, benefiting from a favorable supply situation due to increased domestic production and imports [5]. Future Growth and Strategic Direction - The company is exploring opportunities in renewable energy, participating in wind and solar projects, and aims to optimize its business structure to reduce reliance on traditional thermal power [6][7]. - The 2025 national energy work conference emphasized the need for a new energy system, which aligns with the company's strategic focus on expanding its renewable energy portfolio [6]. - The company plans to enhance its project management and pursue new energy projects, including pumped storage and flexible resources [7]. Competitive Landscape - The company's future competitiveness will depend on its ability to integrate coal and electricity operations, accelerate the transition to renewable energy, and adapt to market fluctuations [8]. - The company holds a regional monopoly in coal power but must strategically position itself in the renewable energy sector to capitalize on future growth opportunities [8].

Group 1 - Shenjian Co., Ltd. reported a net profit of 33.65 million yuan for 2024, a year-on-year increase of 32.29%, with a proposed cash dividend of 0.5 yuan per 10 shares [1] - Jingce Electronics experienced a net loss of 97.60 million yuan in 2024, transitioning from profit to loss, despite a revenue increase of 5.59% to 2.565 billion yuan [1] - Jingwei Co., Ltd. reported a net profit of 35.54 million yuan for 2024, a decrease of 36.76%, with a proposed cash dividend of 1.00 yuan per 10 shares [1][2] Group 2 - Minsheng Health achieved a net profit of 91.83 million yuan in 2024, a year-on-year increase of 7.24%, with a proposed cash dividend of 1.00 yuan per 10 shares [2] - Zhongshe Co., Ltd. reported a net profit of 10.16 million yuan for 2024, a decline of 76.24%, with a proposed cash dividend of 0.2 yuan per 10 shares [3] - Keyuan Smart reported a net profit of 252 million yuan for 2024, a year-on-year increase of 56.64%, with a proposed cash dividend of 0.4 yuan per 10 shares [4] Group 3 - Beilu Pharmaceutical reported a net profit of 14.54 million yuan for Q1 2025, a year-on-year increase of 26.13%, with revenue of 283 million yuan [5] - Wangsu Technology achieved a net profit of 192 million yuan for Q1 2025, a year-on-year increase of 38.54%, with revenue of 1.235 billion yuan [6] - Keyuan Pharmaceutical reported a net profit of 23.08 million yuan for Q1 2025, a year-on-year increase of 7.25%, despite a revenue decline of 23.98% [7] Group 4 - Guangting Information reported a net profit of 24.03 million yuan for Q1 2025, turning from loss to profit, with revenue of 134 million yuan [9] - Zhaori Technology reported a net loss of 1.23 million yuan for Q1 2025, with revenue of 35.23 million yuan [11] - Huakai Yibai reported a net loss of 15.09 million yuan for Q1 2025, despite revenue growth of 35.08% to 2.292 billion yuan [13] Group 5 - Xinhongye reported a net profit of 34.43 million yuan for Q1 2025, a year-on-year increase of 20.43%, with revenue of 755 million yuan [15] - Huning Co., Ltd. reported a net profit of 3.61 million yuan for Q1 2025, a year-on-year decrease of 45.68%, with revenue of 64.51 million yuan [16] - Camel Co., Ltd. reported a net profit of 237 million yuan for Q1 2025, a year-on-year increase of 51.89%, with revenue of 4.136 billion yuan [17] Group 6 - Hengtong Co., Ltd. reported a net profit of 42.55 million yuan for Q1 2025, a year-on-year increase of 51.62%, with revenue of 313 million yuan [19] - Changqing Technology reported a net profit of 35.38 million yuan for Q1 2025, a year-on-year decrease of 23.80%, with revenue of 246 million yuan [21] - Libaba Co., Ltd. reported a net profit of 34.72 million yuan for Q1 2025, a year-on-year increase of 9.91%, with revenue of 419 million yuan [22] Group 7 - Shouxiangu reported a net profit of 58.37 million yuan for Q1 2025, a year-on-year decrease of 24.32%, with revenue of 171 million yuan [24] - Bojun Technology announced a stock issuance application accepted by the Shenzhen Stock Exchange [24] - Dayou Energy announced the full resumption of production at its Gengcun coal mine, with an annual production capacity of 3.6 million tons [25] Group 8 - Deyang Co., Ltd. successfully acquired land use rights for industrial land in Ningbo for 45.80 million yuan [27] - Tianyu Pharmaceutical's subsidiary received a drug registration certificate for an injectable product [29] - Xingwang Yuda signed a strategic cooperation agreement with the Jilin Province Bionic Robot Innovation Center [30] Group 9 - Lifang Pharmaceutical received approval for clinical trials of a new drug [32] - Zai Sheng Technology reported a net profit of 33.56 million yuan for Q1 2025, a year-on-year increase of 3.69%, with revenue of 324 million yuan [34] - Jinxin Technology reported a net profit of 319,920 yuan for Q1 2025, turning from loss to profit, with revenue of 563 million yuan [36] Group 10 - Huayin Electric reported a net profit of 75.67 million yuan for Q1 2025, a year-on-year increase of 894.61%, with revenue of 2.307 billion yuan [37] - Xinghua Co., Ltd. reported a net loss of 95.51 million yuan for Q1 2025, with revenue of 840 million yuan [38] - Heren Technology reported a net loss of 384,410 yuan for Q1 2025, with revenue of 78.40 million yuan [40] Group 11 - Fenda Technology reported a net profit of 40.45 million yuan for Q1 2025, a year-on-year increase of 84.07%, with revenue of 760 million yuan [41] - Tongda Co., Ltd. reported a net profit of 25.49 million yuan for 2024, a year-on-year decrease of 69.15%, with revenue of 6.201 billion yuan [43] - Zhonghe Holdings reported a net profit of 283 million yuan for 2024, a year-on-year decrease of 54.69%, with a proposed cash dividend of 0.3 yuan per 10 shares [44] Group 12 - Jiantou Energy reported a net profit of 531 million yuan for 2024, a year-on-year increase of 181.59%, with a proposed cash dividend of 1.3 yuan per 10 shares [44] - Guanghua Technology reported a net loss of 205 million yuan for 2024, with revenue of 2.589 billion yuan [45] - Huajin Technology reported a net profit of 29.26 billion yuan for 2024, a year-on-year increase of 8.1%, with a proposed cash dividend of 9 yuan per 10 shares [46] Group 13 - Yingke Medical reported a net profit of 1.465 billion yuan for 2024, a year-on-year increase of 282.63%, with a proposed cash dividend of 1.00 yuan per 10 shares [46] - Solar Energy reported a net profit of 1.225 billion yuan for 2024, a year-on-year decrease of 22.38%, with a proposed cash dividend of 0.56 yuan per 10 shares [46] - Dongfang Electric reported a net profit of 318 million yuan for 2024, a year-on-year decrease of 50.62%, with a proposed cash dividend of 0.32 yuan per 10 shares [47] Group 14 - Tianneng Heavy Industry reported a net loss of 262 million yuan for 2024, with revenue of 3.273 billion yuan [48] - Gangyan High-tech reported a net profit of 249 million yuan for 2024, a year-on-year decrease of 22.08%, with a proposed cash dividend of 1.00 yuan per 10 shares [48] - Shihua Machinery reported a net profit of 96.88 million yuan for 2024, a year-on-year increase of 5.35%, with revenue of 8.037 billion yuan [49] Group 15 - Gongtong Pharmaceutical reported a net loss of 27.59 million yuan for 2024, with revenue of 537 million yuan [51] - Zhongjing Electronics reported a net loss of 87.43 million yuan for 2024, with revenue of 2.932 billion yuan [53] - Yudai Development reported a net loss of 114 million yuan for 2024, with revenue of 388 million yuan [55] Group 16 - Zhenhua Technology reported a net profit of 970 million yuan for 2024, a year-on-year decrease of 63.83%, with a proposed cash dividend of 1.8 yuan per 10 shares [56] - Jierong Technology reported a net loss of 298 million yuan for 2024, with revenue of 1.357 billion yuan [58] - Changgao Electric New reported a net profit of 252 million yuan for 2024, a year-on-year increase of 45.66%, with a proposed cash dividend of 0.8 yuan per 10 shares [60] Group 17 - Shibao Detection announced a plan to acquire 81% of Zhonghuan Lianshu for 52.65 million yuan [61] - Jiangsu Boyun announced a plan to reduce its shareholding by up to 3% [62] - Jingfeng Mingyuan announced a plan to acquire 100% of Yichong Technology for 3.283 billion yuan [63]

证券研究报告 建投能源 (000600 CH) 火电+新能源协同开发，多能互补完善资产结构 煤价利好释放，多能互补驱动高增 华泰研究 年报点评 2025 年 4 月 24 日│中国内地 发电 建投能源公布业绩：2024 年实现营收 235.17 亿元（yoy+20%），归母净利 5.31 亿元（yoy+182%），扣非净利 3.99 亿元（yoy+5401%），均和业绩快 报一致。公司预告 1Q25 归母净利 4.47 亿元（yoy+77%），高于华泰预测区 间（2.85~3.15 亿元），得益于煤价和资金成本下降。电量增长与煤价下降 抬升火电盈利能力，煤电装机规模有望持续扩大，多能互补完善资产结构。 公司 2024 年拟派息 0.13 元/股，占当期可供分配利润比例 94%；公司 2025-26 年计划派息不低于当期可供分配利润的 50%。维持"增持"评级。 电量增长与煤价下降抬升火电盈利能力 2024 年公司控股发电量 yoy+28%至 504 亿千瓦时，得益于装机容量增长 （yoy+19%）和利用小时数提升（yoy+2%）。2024 年公司平均结算电价 yoy-2.8%至 388 元/兆瓦时（不含税）， ...

| 代码 | 简称 | 今日涨跌幅（%） | 今日换手率（%） | 主力资金流量（万元） | | --- | --- | --- | --- | --- | | 000601 | 韶能股份 | 9.93 | 14.38 | 24239.40 | | 600310 | 广西能源 | 9.98 | 14.22 | 21205.56 | | 600505 | 西昌电力 | 9.97 | 15.62 | 17629.17 | | 600744 | 华银电力 | 10.00 | 3.80 | 14871.61 | | 600644 | 乐山电力 | 10.01 | 22.96 | 10936.78 | | 600969 | 郴电国际 | 9.95 | 11.30 | 9132.81 | | 000883 | 湖北能源 | 1.39 | 1.45 | 8923.37 | | 600900 | 长江电力 | 0.89 | 0.24 | 8257.50 | | 600979 | 广安爱众 | 5.34 | 11.65 | 7809.98 | | 000600 | 建投能源 | 4.78 | 12.90 | 5148.33 | ...

河北建投能源投资股份有限公司董事会 关于 2024 年对以前报告期披露的财务报表数据 由于同一控制下企业合并进行追溯调整的专项说明 一、公司财务报表数据进行追溯调整的原因 河北建投能源投资股份有限公司（以下简称"公司"）2024 年第三 次临时股东大会审议通过了《关于向控股股东购买建投国电准格尔旗能 源有限公司 50%股权暨关联交易的议案》，公司通过协议转让方式以现 金购买控股股东河北建投集团持有的建投国电准格尔旗能源有限公司 （以下简称"建投准能公司"）50%股权。2024 年 10 月 21 日，公司与 控股股东河北建投集团签署了《股权转让协议》，2024 年 12 月 23 日公 司支付了本次股权转让价款。根据公司与河北建投集团签署的《股权交 割确认书》，自 2024 年 12 月 31 日开始，公司实际控制建投准能公司， 将其纳入合并报表范围，因此以 2024 年 12 月 31 日为合并日。由于公司 与建投准能公司在合并前后均最终受河北建投集团控制且该控制并非暂 时性的，因此公司对建投准能公司的合并为同一控制下企业合并。 公司依据企业会计准则对同一控制下企业合并的规定，对比较报表 进行了调整。 根据 ...

会计师事务所名称：立信会计师事务所（特殊普通合伙） 注册地址：上海市黄浦区南京东路 61 号四楼 首席合伙人：朱建弟 2024 年末合伙人数量：296 人 2024 年末注册会计师人数：2,498 人 关于 2024 年度会计师事务所履职情况评估报告 河北建投能源投资股份有限公司（以下简称"公司"）聘请立信会 计师事务所（特殊普通合伙）（以下简称"立信事务所"）作为公司 2024 年度财务报表和内部控制审计机构。根据《国有企业、上市公司选聘会 计师事务所管理办法》，公司对立信事务所 2024 年度审计履职情况进行 评估，具体情况如下： 一、会计师事务所基本情况 （一）资质条件 1、前任会计师事务所情况及上年度审计意见 前任会计师事务所为利安达会计师事务所（特殊普通合伙），上年 度审计意见为标准无保留意见审计报告。 2024 年末签署过证券服务业务审计报告的注册会计师人数：743 人 2024 年度收入总额（经审计）：47.48 亿元 2024 年度审计业务收入（经审计）：36.72 亿元 2024 年度证券业务收入（经审计）：15.05 亿元 2024 年度上市公司审计客户家数：693 家 （二）聘任会计师事 ...

2024 年度董事会工作报告 各位股东： 2024 年，河北建投能源投资股份有限公司（以下简称"公司"）董事 会严格遵守《公司法》《证券法》等法律法规、规范性文件及《公司章程》 《董事会议事规则》的各项规定，切实履行股东大会赋予的各项职责， 以公司高质量发展为核心，不断强化战略引领和风险防控，坚持规范运 作、科学决策，持续提升公司治理效能，充分维护全体股东的各项合法 权益。全体董事忠实守信、勤勉尽责，积极推动公司各项业务稳健发展。 现将 2024 年度董事会工作报告如下： 一、聚焦价值创造，稳步提升主业经营质效 2024 年，公司董事会带领管理层和全体员工围绕"打造一流综合能 源供应与服务商"的发展目标，深耕细作主责主业，经营效率和盈利能 力稳步提升，优质增量资产规模不断扩大，公司核心竞争力和价值创造 能力进一步增强。 运营管理水平不断提升。2024 年，公司安全生产运营平稳有序，高 质量完成迎峰度夏、迎峰度冬期间和"两会"等重要时段的电热保供任 务，10 家控股发电公司先后 16 次被评为电力保供先进企业，5 家控股发 电公司被评为重点行业环保绩效 A 级企业。坚持"集约化管两端，专业 化控中间"的管理思路 ...

为保证控股公司融资需求，降低融资成本，拓宽融资渠道，河北建 投能源投资股份有限公司（下称"公司"）拟与控股股东河北建设投资 集团有限责任公司（以下简称"河北建投集团"）控股孙公司汇海融资租 赁股份有限公司（以下简称"汇海公司"）签署《金融服务框架协议》。 | 证券代码：000600 | 证券简称：建投能源 | | | 公告编号：2025-23 | | --- | --- | --- | --- | --- | | 证券代码：149516 | 证券简称：21 | 建能 | 01 | | | 证券代码：149743 | 证券简称：21 | 建能 | 02 | | 河北建投能源投资股份有限公司 关于与汇海融资租赁股份有限公司签订 《金融服务框架协议》的公告 本公司及董事会全体成员保证公告内容的真实、准确和完整，没有虚假记载、 误导性陈述或者重大遗漏。 一、关联交易概述 1 二、关联方基本情况 汇海融资租赁股份有限公司是经中国商务部批准设立的非银行金融 机构，成立于 2015 年 8 月 27 日，注册资本人民币 6.5 亿元，由河北建 投能源投资股份有限公司 30.769%、燕山国际投资有限公司 23.077%、茂 ...

河北建投能源投资股份有限公司 未来三年股东回报规划（2024 年-2026 年） 为完善和健全公司利润分配的决策和监督机制，积极回报投资者， 引导投资者树立长期投资和理性投资理念，依照《上市公司监管指引第 3 号——上市公司现金分红（2025 年修订）》、《深圳证券交易所上市 公司自律监管指引第 1 号——主板上市公司运作规范》等文件要求及《公 司章程》的规定，在充分考虑公司实际经营情况及未来发展需要的基础 上，河北建投能源投资股份有限公司拟定了《未来三年股东回报规划 （2024 年-2026 年）》（以下简称"本规划"）。具体情况如下： 一、制定本规划的主要考虑因素 股东回报规划的制定着眼于公司长远、可持续的发展，充分重视对 投资者的合理回报，综合考虑公司发展战略和经营计划、发展所处阶 段、实际经营情况及股东意愿等因素，建立对投资者持续、稳定、科学 的回报规划与机制，保证利润分配政策的连续性和稳定性。 （一）利润分配的形式 公司可以采用现金、股票或者现金与股票相结合的方式分配股利。 公司优先采取现金分红的利润分配方式。在有条件的情况下，公司可以 进行中期利润分配。 （二）公司现金分红政策 除特殊情况外，公司 ...