Core Viewpoint - Jilin Electric Power Co., Ltd. (吉电股份) has shown a stock price increase of 14.47% year-to-date, with a recent trading price of 5.98 CNY per share, reflecting a market capitalization of 21.69 billion CNY [1][2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 9.717 billion CNY, a year-on-year decrease of 4.42%, and a net profit attributable to shareholders of 783 million CNY, down 44.63% year-on-year [2]. - The company has distributed a total of 969 million CNY in dividends since its A-share listing, with 764 million CNY distributed over the last three years [3]. Shareholder Information - As of October 20, 2025, the number of shareholders is 146,000, a decrease of 0.93% from the previous period, with an average of 22,892 circulating shares per shareholder, an increase of 0.94% [2]. - Notable new shareholders include Hong Kong Central Clearing Limited, holding 43.9863 million shares, and a photovoltaic ETF, holding 24.7652 million shares [3]. Business Overview - The company, established on November 20, 1997, and listed on September 26, 2002, operates in various energy sectors, including wind, solar, hydro, thermal, and nuclear power, as well as energy supply and maintenance services [1]. - The revenue composition is as follows: coal power products (33.67%), photovoltaic products (29.55%), wind power products (23.40%), thermal products (10.86%), and operations and maintenance (2.52%) [1].

Core Viewpoint - The launch of the green methanol project in Jilin represents a significant step towards establishing a complete green liquid fuel industry chain in China, aligning with national strategies for energy transition and carbon neutrality [1][3][12]. Group 1: Project Overview - The project, led by State Power Investment Corporation's Jilin Electric Power Co., aims to create a full-chain green methanol demonstration project integrating green hydrogen production, fuel refueling, and ocean shipping [1][3]. - Upon completion, the project is expected to produce 197,200 tons of green methanol annually and reduce carbon dioxide emissions by approximately 300,000 tons per year [3]. Group 2: Importance of Green Methanol - Green methanol is crucial for decarbonizing the shipping industry due to its liquid state at room temperature and pressure, making it easy to store and transport, with significantly lower carbon footprints compared to traditional marine fuels [4]. - The project establishes a replicable model for local strategies involving "green hydrogen+" and addresses the challenge of integrating unstable wind energy into stable green liquid fuel production [4][12]. Group 3: Technological Innovations - The project employs a "cross-domain integration" approach, utilizing a coupling technology route of wind power to green hydrogen and biomass gasification to synthetic gas, enhancing system stability and economic efficiency [6][8]. - It features an integrated flexible regulation system that ensures seamless connection between renewable energy and chemical production, effectively addressing the volatility of renewable energy sources [8]. Group 4: Regional Benefits - The project is expected to create over 500 jobs during its construction and operation, stimulating the development of related industries such as biomass collection, equipment manufacturing, and technical services [10]. - It serves as a magnet for talent, attracting professionals back to Jilin from coastal regions, thereby contributing to the local economy and revitalization efforts [10]. Group 5: Strategic Significance - The project is a key component of the State Power Investment Corporation's "Hydrogen Zone Hyglobal" brand strategy, following the establishment of the world's largest single green ammonia project in Jilin [11]. - It represents a pioneering effort to couple Jilin's abundant wind and biomass resources to produce green methanol, opening up significant opportunities in the green energy market for shipping [12][14].

Core Insights - The Lishu Project, a green methanol demonstration project, has been launched in Jilin, marking the first comprehensive chain from green methanol production to fuel injection and ocean shipping in China [1][2] - The project is a collaboration between Jidian Co., COSCO Shipping, and Shanghai Port Group, establishing a new model for state-owned enterprises to build a green liquid fuel industry chain [1][2] - Green methanol is seen as an ideal alternative to traditional marine fuels due to its liquid state at normal temperature and pressure, ease of storage and transportation, and significantly reduced carbon footprint throughout its lifecycle [1][2] Project Details - The Lishu Project aims to produce 197,200 tons of green methanol annually and reduce carbon dioxide emissions by approximately 300,000 tons per year, contributing to the decarbonization of the shipping industry [2] - The project utilizes a coupling technology of wind power hydrogen production and biomass carbon sources, promoting flexible collaboration between new energy and chemical production [2] - The innovative "electric-hydrogen-chemical" integration approach addresses the volatility of renewable energy, enhancing the stability and economic efficiency of the system [2] Strategic Importance - The project represents a significant step in the green liquid fuel sector, leveraging Jilin's abundant wind and biomass resources to produce green methanol for ocean decarbonization [3] - It explores a new path for the synergy between new energy and traditional industries, as well as the role of agricultural resources in energy transition [3]

Core Viewpoint - The launch of the green methanol project in Jilin represents a significant step towards establishing a complete green liquid fuel industry chain in China, aligning with national goals for energy transition and carbon neutrality [1][2]. Group 1: Project Overview - The project, led by State Power Investment Corporation's Jilin Electric Power Co., aims to create a full-chain model for green methanol production, fuel supply, and ocean shipping [1]. - It is expected to produce 197,200 tons of green methanol annually and reduce carbon dioxide emissions by approximately 300,000 tons per year [1]. Group 2: Importance of Green Methanol - Green methanol is crucial for decarbonizing the shipping industry due to its ease of storage and transportation, as well as its low emissions profile [2]. - The project serves as a replicable model for local strategies involving "green hydrogen" and addresses the challenge of integrating renewable energy into maritime applications [2]. Group 3: Technological Innovations - The project employs a "wind power to green hydrogen + biomass gasification to synthesis gas" coupling technology, enhancing system stability and economic efficiency [3]. - It features a flexible regulation system that ensures continuous hydrogen supply, mitigating the impact of renewable energy fluctuations on chemical production [3][4]. Group 4: Regional Benefits - The project is expected to create over 500 jobs during its construction and operation, stimulating the development of related industries such as biomass collection, equipment manufacturing, and technical services [5]. - It aims to attract talent back to the region, contributing to local economic revitalization and supporting the "returning talent" strategy in Jilin [5]. Group 5: Strategic Significance - The project is a key component of the State Power Investment Corporation's "Hydrogen Zone Hyglobal" brand, marking an important step in the green liquid fuel sector [6]. - It leverages Jilin's abundant wind and biomass resources to produce green methanol, facilitating the decarbonization of maritime transport and promoting a collaborative development model between new energy and traditional industries [6].

Core Viewpoint - The project led by Jidian Co., in collaboration with COSCO Shipping and Shanghai Port Group, marks the establishment of China's first full-chain green methanol demonstration project, integrating green methanol production, fuel refueling, and ocean shipping [1] Group 1 - The project, named Jidian Co. Lishu Wind-Solar Coupled Green Hydrogen Biomass Green Methanol Project, commenced construction on October 30 in Siping, Jilin [1] - Upon completion, the project is expected to produce 197,200 tons of green methanol annually [1]

Core Viewpoint - The article discusses the launch of China's first comprehensive green methanol demonstration project, which integrates green methanol production, fuel refueling, and ocean shipping, marking a significant step towards sustainable energy solutions in the shipping industry [3][5]. Group 1: Project Overview - The project, led by State Power Investment Corporation Jilin Electric Power Co., in collaboration with COSCO Shipping and Shanghai Port Group, aims to create a full-chain green methanol production model [3]. - The project is expected to produce 197,200 tons of green methanol annually and reduce carbon dioxide emissions by approximately 300,000 tons per year [3]. Group 2: Technological Innovations - The project employs an innovative coupling technology of "wind power to green hydrogen + biomass gasification to syngas," which enhances system stability and economic efficiency by addressing the volatility of renewable energy [5]. - It integrates agricultural waste utilization with green energy production, utilizing straw as a raw material to create a complete chain from biomass resources to green fuel [5]. Group 3: System Operation and Coordination - The project features an integrated flexible regulation system that ensures seamless connection between renewable energy and chemical production, allowing for continuous hydrogen supply even during periods of low wind [6]. - By combining hydrogen technology with traditional chemical processes, the project stabilizes the synthesis process and ensures safe and stable operation of the entire system [6]. Group 4: Strategic Importance - The project represents a significant beginning for Jilin Electric Power in the green liquid fuel sector, leveraging the region's abundant wind and biomass resources to produce green methanol for decarbonizing shipping [6]. - It explores a new path for the synergy between new energy and traditional industries, as well as the role of agricultural resources in energy transition [6].

智通财经APP讯，吉电股份(000875.SZ)发布2025年三季度报告，前三季度，公司实现营业收入97.17亿 元，同比下降4.42%。归属于上市公司股东的净利润7.83亿元，同比下降44.63%。归属于上市公司股东 的扣除非经常性损益的净利润7.65亿元，同比下降42.26%。 ...

Core Viewpoint - Jilin Electric Power Co., Ltd. plans to issue a new asset-backed special plan (similar to REITs) to support its green low-carbon transformation and maintain financing scale, with a maximum issuance size of 2.7 billion yuan [1] Group 1 - The original asset-backed special plan issued in 2022 is set to mature in early 2026 [1] - The new plan will utilize the power generation assets of seven renewable energy projects, including Fuxin Tianfu Solar Power Co., Ltd. [1] - The expected term of the new asset-backed special plan is no more than 20 years [1]

Core Viewpoint - The company plans to issue a new asset-backed special plan (similar to REITs) by using the power generation assets held by seven renewable energy project companies, with a total issuance scale not exceeding 2.7 billion yuan [1] Group 1 - The company is applying to the Shenzhen Stock Exchange for the registration and issuance of the asset-backed special plan [1] - The underlying assets for this issuance will be the power generation assets from Fuxin Tianfu Solar Power Co., Ltd. and six other renewable energy project companies [1]

证券代码：000875 证券简称：吉电股份 公告编号：2025-086 吉林电力股份有限公司 关于以新能源发电资产开展类 REITs 续发 权益融资业务的公告 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、概述 1.吉林电力股份有限公司（以下简称"公司"）2022 年发行的国 家电投-吉电股份清洁能源绿色碳中和资产支持专项计划（类 REITs） （以下简称"原专项计划"）将于 2026 年初到期，为保持存量权益融 资规模，支持公司绿色低碳转型高质量发展，拟继续以阜新市天阜太 阳能发电有限公司等 7 个新能源项目公司所持发电资产作为底层资 产，向深圳证券交易所申请注册并发行新一期资产支持专项计划（类 REITs）（以下简称"新专项计划"）。 2.公司于 2025 年 10 月 27 日召开了第十届董事会第二次会议， 会议以 9 票同意，0 票反对，0 票弃权的表决结果审议通过了《关于 以新能源发电资产开展类 REITs 续发权益融资业务的议案》。 根据《深圳证券交易所股票上市规则》和公司《章程》的规定， 本次融资尚需提交股东会审议。 3.本次交易不构成关联 ...