Core Viewpoint - The company announced a cash dividend distribution plan for the first three quarters of 2025, indicating a commitment to returning value to shareholders [2] Summary by Categories Dividend Distribution - The company will distribute a cash dividend of 0.21 yuan (including tax) for every 10 shares held [2] - The record date for the dividend is set for November 24, 2025, and the ex-dividend date is November 25, 2025 [2]

证券代码：000875 证券简称：吉电股份 公告编号：2025-097 3.本次实施分配方案距离董事会审议通过的时间未超过两个月。 4.自公司利润分配预案披露至实施期间，公司股本总额未发生变 化。 吉林电力股份有限公司 2025 年前三季度分红派息实施公告 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。 吉林电力股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开了第十届董事会第二次会议，审议通过了《公司 2025 年前 三季度利润分配预案》。现将分红派息相关情况公告如下： 一、股东会审议通过利润分配预案等情况 1.公司于 2025 年 5 月 20 日召开 2024 年度股东会，审议通过了 《公司 2025 年中期分红计划》，同意公司在 2025 年中期持续盈利、 累计未分配利润为正且满足现金分红条件的情况下，以不影响公司正 常经营和持续发展为前提，根据实际情况在 2025 年半年度报告、第 三季度报告披露后适当进行一次至两次中期分红，现金分红金额不超 过相应期间归属于上市公司股东的净利润的 10%。股东会同意授权董 事会根据股东会决议在 ...

Core Insights - The National Energy Administration has identified "expanding non-electric utilization of renewable energy" as a key focus for the 14th Five-Year Plan, emphasizing the development of integrated wind-solar hydrogen, ammonia, and methanol production [1] - The wind-solar hydrogen-ammonia-methanol integration model is seen as a transformative approach to convert unstable green electricity into green hydrogen, which can then be synthesized into storable and transportable green ammonia and methanol, addressing the issue of renewable energy intermittency [2] - As of October 2023, over 800 hydrogen-ammonia-methanol integration projects have been planned in China, with a total planned green hydrogen capacity of nearly 9 million tons per year, positioning China as a global leader in this sector [2] Industry Development - Most of the green hydrogen and methanol projects are concentrated in resource-rich regions such as Northwest, North, and Northeast China, with provinces like Inner Mongolia, Jilin, and Xinjiang actively promoting large-scale development [3] - Notable operational projects include the China Petroleum & Chemical Corporation's green hydrogen demonstration project in Xinjiang and the 100,000-ton green methanol project in Inner Mongolia, among others [3][4] - The industry is witnessing increasing participation from both state-owned enterprises and private companies, creating a competitive landscape [4] Challenges and Future Outlook - The green hydrogen and methanol industry faces challenges such as high production costs, insufficient technological integration, and a lack of standardized systems [6] - Industry experts emphasize the need to reduce investment costs and improve operational rates to enhance competitiveness [6] - Despite current challenges, the market potential for green methanol and ammonia is significant, particularly in the context of low-carbon development trends in shipping and aviation, suggesting a promising long-term outlook for the hydrogen-ammonia-methanol market [6]

Group 1 - Duopule plans to reduce its shareholding by no more than 1%, amounting to a maximum of 619,000 shares [1] - Lideman intends to acquire 70% of Xiansheng Xiangrui for 1.733 billion yuan, focusing on tuberculosis screening and diagnosis [2] - Huahuan Group is planning a change in control, leading to a temporary suspension of its stock [3] Group 2 - Dongbai Group clarifies it does not engage in duty-free business, maintaining normal operations [4][5] - Changsheng Bearing's actual controller plans to reduce holdings by up to 1.99%, equating to 5.94 million shares [6][7] - Jidian plans to invest 5.698 billion yuan in the Baicheng Phase II coal power project, a key initiative under the national "14th Five-Year Plan" [9][10] Group 3 - Baoneng New Energy reports completion of land-based works for the expansion of the Lufeng Qiaohai Bay Power Plant [11][12] - Changshu Bank proposes to appoint Lu Dingchang as the new president and chief compliance officer [13][14] - Kangqiang Electronics plans to reduce its shareholding by no more than 1%, totaling up to 3.7526 million shares [14] Group 4 - Jilin Chemical Fiber intends to reduce its holdings by up to 2%, equating to 49.1774 million shares [15][16] - CanSino's inhaled tuberculosis vaccine has commenced Phase I clinical trials in Indonesia [17][18] - ST Dongyi's stock has been suspended for review due to significant price fluctuations [19] Group 5 - ST Yatai plans to reduce its holdings by up to 1.98%, totaling 6.4 million shares [20] - Huaren Pharmaceutical intends to reduce its holdings by up to 3%, equating to 35.4663 million shares [21] - Jianglong Shipbuilding's controlling shareholder plans to reduce holdings by up to 2%, amounting to 7.5534 million shares [22] Group 6 - Borui Pharmaceutical's BGM1812 injection has received approval for clinical trials targeting overweight or obesity [23][24] - ST Zhongzhu announces the transfer of 10.38% of its shares, totaling approximately 403 million yuan [25][26] - Shenzhou Digital plans to establish an employee stock ownership plan with a maximum fundraising of 360 million yuan [27][28] Group 7 - Kaichuang Electric plans to establish a joint research center with Tsinghua University, focusing on embodied intelligence [29] - Daming City intends to acquire 19.43% of Baicaibang for 694 million yuan, specializing in communication solutions [29]

Core Points - Dongbai Group does not have duty-free operating qualifications and is not involved in the operation of duty-free goods [1] - Sanyuan Co., Ltd. launched a seasonal product, milk skin candy hawthorn, which has a very small revenue scale due to its short sales period [1] - Jidian Co., Ltd. plans to invest in the construction of a coal power project with a capacity of 2×660,000 kilowatts [1] - Anhui Construction's subsidiary won contracts totaling 1.753 billion yuan [1] - Guotai Group intends to acquire 100% equity of Beikuan Explosive for 110 million yuan [1] - Yongji Co., Ltd. has completed a buyback of 1.25% of its shares [1] - Changsheng Bearing's actual controller's concerted actor plans to reduce holdings by no more than 1.99% [1][2] - Lichung Group has received project designation from clients [1][2] - Hefei China may apply for a trading suspension if its stock price continues to rise abnormally [1][2]

Mergers and Acquisitions - Guotai Group announced the acquisition of 100% equity in Beijing Mining Technology Engineering Co., Ltd. for a transaction price of 110 million yuan. The transaction has been approved by the company's board of directors [1] - Kanda New Materials decided to terminate the planned acquisition of at least 51% equity in Beiyi Semiconductor due to unsatisfactory progress in due diligence and audit work, leading to a lack of consensus among the parties involved [2] Earnings Disclosure - SMIC reported a net profit of 1.517 billion yuan for the third quarter of 2025, representing a year-on-year increase of 43.1%. The company achieved a total revenue of 17.162 billion yuan for the same period, up 9.9%. For the first three quarters, total revenue reached 49.51 billion yuan, an 18.2% increase, with a net profit of 3.818 billion yuan, up 41.1% [3] Shareholding Changes - Aikesaibo announced that three shareholders plan to collectively reduce their holdings by no more than 3% of the company's total shares, amounting to a maximum of 346.16 million shares [4] - Haineng Industrial disclosed that shareholder Zhou Hongjun intends to reduce his holdings by no more than 3% of the company's total shares, equating to a maximum of 9.4029 million shares [5] - Changlian Technology reported that three shareholders plan to collectively reduce their holdings by no more than 4.37%, with individual reductions not exceeding specified amounts [6] Other Matters - Jidian Co., Ltd. announced that its wholly-owned subsidiary plans to invest in the construction of a coal-fired power project with a total investment of 5.698 billion yuan, expected to take 26 months to complete [7] - Hualan Group disclosed that its actual controllers are planning matters related to a change in control, which may lead to a change in the company's control and actual controllers [8]

Group 1: Company Performance - SMIC reported a revenue of 17.162 billion yuan in Q3 2025, a year-on-year increase of 9.9%, with a net profit of 1.51 billion yuan, up 43.1% year-on-year. For the first three quarters, revenue reached 49.51 billion yuan, growing 18.2%, and net profit was 3.81 billion yuan, an increase of 41.1% year-on-year [1] - BoRui Pharma's BGM1812 injection has received clinical trial approval for weight loss indications, with no similar targeted formulations approved globally [2] - Li Zhong Group's subsidiaries received project confirmations for aluminum alloy wheels from major international automotive manufacturers, with expected total sales of approximately 1.135 billion yuan [4] Group 2: Corporate Actions - Kanda New Materials announced the termination of the acquisition of equity in North One Semiconductor due to unmet progress expectations and lack of consensus among parties [3] - Lide Man plans to acquire 70% of Xiansheng Xiangrui for 1.733 billion yuan, aiming to enter the bioproducts industry [9] - Arctech's controlling shareholder CSIQ expects total revenue of 1.3 to 1.5 billion USD in Q4 2025, with a gross margin of 14% to 16% [6] Group 3: Market Activity - Taihe Technology's VC project phase two construction will be adjusted based on phase one market expansion, indicating some uncertainty [5] - Hezhong China has experienced significant stock price fluctuations, with a cumulative increase of 230.84% over 12 out of 13 trading days, leading to potential application for trading suspension if abnormal price increases continue [7][8]

Company Announcements - 合富中国's stock price has significantly deviated from its fundamentals, with a cumulative increase of 230.84% over the past 13 trading days, leading to potential suspension for further investigation if abnormal price increases continue [1] - 摩尔线程 plans to conduct its initial public offering with a total of 70 million shares, representing 14.89% of the post-issue total share capital, with the initial inquiry date set for November 19 and subscription date for November 24 [2] - *ST东易's stock has risen by 241.59% since September 26, prompting a suspension for investigation starting November 14 [2] - 华蓝集团 is planning a change in company control, leading to a suspension of its stock from November 14 for up to 2 trading days [4] - 吉电股份 intends to invest 5.698 billion yuan in a coal power project with a total investment of 56.98 billion yuan, which is part of a national energy strategy [6] - 利德曼 plans to acquire 70% of 先声祥瑞 for 1.733 billion yuan, aiming to enter the bioproducts industry [6] - 佛塑科技 is collaborating with 紫金矿业 to establish a project company for a lithium sulfide pilot project with a total investment of 1.13 billion yuan [7] - 中芯国际 reported a 43% year-on-year increase in net profit for Q3, driven by increased wafer sales [8] Financing and Investments - 云南铜业 plans to increase its investment in 中铜国贸 by 640 million yuan to enhance its capital strength [11] - 德业股份 is preparing to issue H-shares and list on the Hong Kong Stock Exchange to expand its global presence [20] Shareholder Changes - 闽发铝业's second-largest shareholder, 黄天火, has reduced his stake by 938.15 million shares, representing 0.9995% of the total share capital [3] - 长联科技's shareholders plan to collectively reduce their holdings by up to 4.37% [14] Project Awards - 和顺电气 has been awarded a storage power supply service project by 中国石油集团, with a bid amount of approximately 40.003 million yuan [18] - 安徽建工's subsidiary has won two EPC projects with a total bid amount of 1.753 billion yuan [19]

Core Viewpoint - The company, Jilin Electric Power Co., Ltd. (吉电股份), is investing in a new coal power project to enhance its profitability and align with national energy strategies, with a total investment of 5.698 billion yuan and a construction period of 26 months [1] Investment Project Summary - The project involves the construction of a 2×66 MW coal-fired power plant, featuring advanced technology such as ultra-supercritical, once-reheated, and wet-cooled systems [1] - The power plant will include facilities for flue gas desulfurization, denitrification, and efficient dust removal, as well as provisions for carbon capture, utilization, and storage (CCUS) and ammonia co-firing [1] - The project is recognized as a key coal power supply initiative at both the national and provincial levels, included in the national "14th Five-Year Plan," and aligns with the country's energy strategy [1] Strategic Importance - The project is expected to enhance peak power support and system regulation capabilities, significantly improving the electricity supply security in Jilin Province [1] - It aims to optimize the regional electricity structure and strengthen the company's competitive position in the area, supporting a balanced growth strategy [1]

Core Viewpoint - The company announced plans to invest in a new coal power project, which aligns with national energy strategies and aims to enhance power supply security in Jilin Province [1] Investment Project Summary - The company’s wholly-owned subsidiary, Baicheng Jidian Hanhai Power Co., Ltd., plans to invest in the Baicheng Phase II 2×66 MW coal power project with a total investment of 5.698 billion yuan [1] - The project will feature two 66 MW ultra-supercritical, once-reheated, condensing wet-coal-fired generating units, equipped with advanced emission control technologies and provisions for carbon capture and utilization (CCUS) [1] - The construction period is estimated to be 26 months, with a capital contribution ratio of no less than 20% of the total investment [1] - The internal rate of return on capital is projected at 8.32%, while the post-tax internal rate of return on total investment is estimated at 4.69% [1] Strategic Importance - This project is recognized as a dual key coal power supply project by both the national and Jilin provincial governments, included in the national "14th Five-Year Plan" [1] - It is expected to enhance the power supply capacity in Jilin Province, optimize the regional power structure, and strengthen the company's competitive position [1] Risk Management and Market Position - The company acknowledges potential risks from the future implementation of the electricity spot market in Jilin Province and the rapid growth of renewable energy installations, which may reduce coal power utilization hours [2] - To mitigate these risks, the company plans to price coal power at a 10% discount to the provincial benchmark price and enhance regional marketing efforts to leverage synergies between coal and renewable energy [2] - The company has extensive experience in coal power plant construction and operation, with favorable logistics and resource availability in the Baicheng area [2] Renewable Energy Initiatives - The company has made significant investments in renewable energy, with a total clean energy installed capacity of 11.3509 million kW, accounting for 77.48% of its total installed capacity [2] - From January 1 to August 31, 2025, the company received 1.271 billion yuan in national renewable energy subsidies, a 154.2% increase compared to the same period last year [2]