另外，电力与储能的结合范式，可能会驱动电力估值提升。12月3日，中国燃气发布公告称，与惠州亿纬锂能（300014）股份有限 公司签订的战略合作协议。集团在工商业用户侧储能业务方面表现出强劲增长，截至2025年9月30日，已投运规模达到617.7兆瓦 时，累计签约装机容量已达1.2吉瓦时，主要项目分布在江苏、浙江及广东等地区。 此外，集团将利用人工智能技术提升电力交易的精准度，并通过虚拟电厂等创新模式整合分散式能源资源，拓宽电力新能源业务 的盈利渠道。与亿纬锂能的战略合作将聚焦于技术研发、项目开发与市场拓展以及绿色能源生态构建，双方计划在工商业储能、 移动储能等领域联合开发项目，并在未来三年内挖掘市场机会，推动新能源产业链高质量发展。 电力板块再度爆发！ 最近两年，电力板块兼顾着红利和算力双重属性，表现相当强势。今天，该板块再度爆发。早盘9点30分，惠天热电（000692）第 一笔交易将股价牢牢封死在涨停板。中闽能源（600163）、闽东电力（000993）双双一度涨停，恒盛能源（605580）、京能电力 （600578）、深南电A（000037）等跟涨。电力ETF早盘一度逆市上涨超过0.7%。 那么，电力板块 ...

Core Viewpoint - The electricity sector has shown strong performance recently, driven by dual attributes of dividends and computing power, with a notable surge in stock prices due to new policies and market dynamics [1][5]. Group 1: Market Performance - The electricity sector experienced a significant rally, with stocks like Huitian Thermal Power and Minjiang Energy hitting their daily limit up [1][2]. - The electricity ETF rose over 0.7% in early trading, indicating strong investor interest despite a generally weak market [1][2]. - Huitian Thermal Power was highlighted as the strongest stock in a weak market, closing at its limit up price [2]. Group 2: Policy and Regulatory Changes - The recent implementation of the 136 document, which promotes market-oriented pricing for renewable energy, is expected to enhance the profitability of electricity companies [5][6]. - Various regions are introducing policies for profit-sharing among electricity retailers, with notable differences in implementation across provinces [5][6]. - The new policies aim to stabilize electricity pricing expectations and reduce risks for electricity retailers, promoting a more balanced pricing mechanism [6]. Group 3: Industry Trends and Projections - Industrial electricity generation in October saw a year-on-year increase of 7.9%, with thermal power outperforming other energy sources [4]. - The integration of electricity and energy storage is anticipated to drive up electricity valuations, with significant growth in commercial energy storage projects [4]. - The electricity sector is expected to benefit from improved long-term pricing expectations and increased demand during the winter season, leading to a recovery in industry profitability [6].

Core Viewpoint - The power sector experienced significant stock price increases, with several companies reaching their daily limit up [1]. Group 1 - Companies such as Huitian Thermal Power, Zhongmin Energy, and Mindong Electric Power hit the daily limit up [1] - Other companies including Hengsheng Energy, Shenzhen Nanshan Electric Power, and Jingneng Power also saw their stock prices rise [1]

2025年10月11日（前次累计诉讼事项公告日）至今，公司及控股子公司无新增单笔超 过最近一期经审计净资产10%的诉讼案件；累计新增公司或控股子公司为被告案件48件， 诉讼金额合计1,883.40万元；累计新增公司或控股子公司为第三人案件1件，诉讼金额 39.09万元。上述累计新增涉诉案件共计49件，诉讼金额合计1,922.49万元。如下： | 诉讼(仲裁)基本情况 | | 诉讼金额（万元） | | 诉讼(仲裁)进展 | | --- | --- | --- | --- | --- | | 公司及控股子公司为被告：合同纠纷（涉及 | 34 | 件） | 1,854.11 公司支付 93.77 | 4 件一审结束（其中：1 件胜诉、3 件判决 万元）；30 件一审审理中。 | | 公司及控股子公司为被告：供暖相关（涉及 | 7 | 件） | 12.42 件一审审理中。 | 7 | | 公司及控股子公司为被告：其他（涉及 7 | 件） | | 16.87 | 1 件一审结束，公司胜诉；6 件一审审理中。 | | 公司及控股子公司为第三人：合同纠纷（涉及 | 1 | 件） | 39.09 件一审审理中。 | 1 | ...

Core Viewpoint - Huitian Thermal Power's stock price has shown fluctuations, with a recent increase of 2.19% and a year-to-date increase of 7.16%, despite a decline in the last five trading days [1][2]. Group 1: Stock Performance - As of November 25, Huitian Thermal Power's stock price reached 3.74 CNY per share, with a trading volume of 27.96 million CNY and a turnover rate of 1.42% [1]. - The company has experienced a net inflow of main funds amounting to 2.78 million CNY, with large orders accounting for 16.65% of purchases [1]. - Over the past 60 days, the stock has increased by 2.75%, while it has decreased by 5.56% in the last five trading days and 2.86% in the last 20 days [1]. Group 2: Financial Performance - For the period from January to September 2025, Huitian Thermal Power reported a revenue of 1.224 billion CNY, reflecting a year-on-year decrease of 0.40% [2]. - The company recorded a net profit attributable to shareholders of -317 million CNY, which represents a year-on-year increase of 30.37% [2]. - Cumulatively, the company has distributed 87.80 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [2]. Group 3: Company Overview - Huitian Thermal Power, established on December 28, 1993, is located in Shenyang, Liaoning Province, and was listed on February 27, 1997 [1]. - The company's main business involves providing heating and heating engineering services, with 96.35% of its revenue derived from heating and gas supply [1]. - The company is classified under the public utility sector, specifically in electricity and thermal services, and is associated with concepts such as low price, micro-cap stocks, and revitalization of Northeast China [1].

Group 1 - The core point of the announcement is the resolution of the 2025 eighth extraordinary general meeting of shareholders of Shenyang Huitian Thermal Power Co., Ltd. [1] - The meeting was convened by the company's board of directors and chaired by Chairman Zheng Yun [4] - The meeting complied with relevant laws and regulations, including the Company Law of the People's Republic of China and the Shenzhen Stock Exchange listing rules [4] Group 2 - The meeting took place on November 24, 2025, with a combination of on-site voting and online voting [5][6] - The location of the on-site meeting was the company's headquarters in Shenyang [7] - There were no rejected resolutions or changes to previous resolutions during the meeting [2][3] Group 3 - Several proposals were approved during the meeting, including the change of accounting firm, the purchase of liability insurance for directors and senior management, and financial support for subsidiaries [8][9] - The legal opinion provided by Beijing Deheng (Shenyang) Law Firm confirmed the legality and validity of the meeting's procedures and resolutions [9]

沈阳惠天热电股份有限公司 2025 年第八次临时股东会决议公告 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。 特别提示： 1.本次股东会无否决议案的情况。 证券代码：000692 证券简称：惠天热电 公告编号：2025-92 2.本次股东会无变更前次股东会决议的情况。 一、会议召开和出席情况 （一）会议届次：2025年第八次临时股东会 （二）会议召集人：公司董事会 （三）会议主持人：董事长郑运 （四）会议召开的合法、合规性：本次会议的召集、召开符合《中华人民共和国公 司法》《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第1 号——主板上市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章 程》的有关规定。 （五）会议召开的日期、时间： 1.现场会议时间：2025年11月24日15:10 2.网络投票时间： 通过深圳证券交易所系统进行网络投票的具体时间为2025年11月24日9:15-9:25， 9:30-11:30，13:00-15:00；通过深圳证券交易所互联网投票系统投票的具体时间为2025 年11月24日9:15至15:0 ...

北京德恒（沈阳）律师事务所 2025 年第八次临时股东会的 法律意见 沈阳市沈河区青年大街 125 号企业广场 B 座 15A 电话：024-22813466 传真：024-81601909 邮编：110016 北京德恒（沈阳）律师事务所 关于沈阳惠天热电股份有限公司 2025 年第八次临时股东会的法律意见 北京德恒（沈阳）律师事务所 关于沈阳惠天热电股份有限公司 关于沈阳惠天热电股份有限公司 2025 年第八次临时股东会的 法律意见 德恒 10G20250090-00004 号 致：沈阳惠天热电股份有限公司 （二）董事会决议及相关股东会审议的议案； （三）公司分别于 2025 年 11 月 8 日及 2025 年 11 月 21 日在巨潮资讯网 （http://www.cninfo.com.cn）公布的《沈阳惠天热电股份有限公司关于召开 2025 年第八次临时股东会的通知》及《沈阳惠天热电股份有限公司关于召开 2025 年 第八次临时股东会通知的更正公告》（以下统称"《股东会的通知》"）； （四）公司本次会议现场参会股东到会登记记录及凭证资料； （五）公司本次会议股东表决情况凭证资料； 1 沈阳惠天热电股份 ...

Group 1 - The company announced that its wholly-owned subsidiary, Shenyang Jiahui Material Trading Co., Ltd., has been listed as an executed party by the court, with an execution amount of 23,197,592 yuan [1][2] - The execution was initiated by Baogang Mining Co., Ltd. due to a sales contract dispute, with a first-instance judgment requiring Jiahui Trading to pay 176,852,569.60 yuan plus interest [1][2] - Jiahui Trading has communicated with Baogang Mining regarding the execution application and plans to raise an objection once the court document is received [2][3] Group 2 - The listing of Jiahui Trading as an executed party may impact its ability to engage in government procurement, bidding, and qualification recognition [3] - The company is urging Jiahui Trading to communicate with relevant parties to resolve the execution case promptly [3]

Core Viewpoint - The company Huaitian Thermal Power (000692.SZ) announced that its wholly-owned subsidiary Shenyang Jiahui Material Trading Co., Ltd. has been listed as an executed party by the court, although no legal documents have been received from the court yet [1] Group 1 - The subsidiary Shenyang Jiahui Material Trading Co., Ltd. is involved in legal proceedings as it has been placed on the court's executed party list [1] - The company has not yet received any legal documents related to this matter from the court [1]