Core Viewpoint - As of November 28, 2025, the number of shareholders for Jidian Co., Ltd. is reported to be 161,276 [2] Summary by Categories - **Company Information** - Jidian Co., Ltd. has confirmed through an interactive platform that it will have 161,276 shareholders by the specified date [2]

格隆汇11月27日丨吉电股份(000875.SZ)在互动平台表示，公司绿色甲醇工艺不涉及费托合成技术。 ...

吉电股份在互动平台表示，公司绿色甲醇工艺不涉及费托合成技术。 ...

Market Overview - The electricity sector experienced a slight decline of 0.07% compared to the previous trading day, with Lu Xiao Technology leading the losses [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index closed at 12907.83, up 1.02% [1] Stock Performance - Notable gainers in the electricity sector included: - Meiyan Jixiang (600868) with a closing price of 3.16, up 10.10% on a trading volume of 423,300 shares and a turnover of 134 million yuan [1] - Huami Environmental (600475) closed at 18.04, up 5.81% with a trading volume of 288,000 shares and a turnover of 518 million yuan [1] - Hengsheng Energy (605580) closed at 43.00, up 3.27% with a trading volume of 88,000 shares and a turnover of 375 million yuan [1] Fund Flow Analysis - The electricity sector saw a net outflow of 333 million yuan from institutional investors, while retail investors contributed a net inflow of 179 million yuan [2] - Key stocks with significant fund flows included: - Meiyan Jixiang (600868) with a net outflow of 88.72 million yuan from institutional investors [3] - Guotou Electric Power (600886) with a net inflow of 49.16 million yuan from institutional investors [3] - Baoneng New Energy (000690) with a net inflow of 39.87 million yuan from institutional investors [3]

证券代码：000875 证券简称：吉电股份公告编号：2025-098 吉林电力股份有限公司 关于召开2025年第六次临时股东会的提示性公告 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"）第十届董事会第三次会议决定于2025年12月2日采取现场投 票与网络投票相结合的表决方式召开公司2025年第六次临时股东会，详见2025年11月14日刊载于《中国 证券报》《上海证券报》《证券时报》和巨潮资讯网站（www.cninfo.com.cn）上的《关于召开2025年 第六次临时股东会的通知》（公告编号：2025-096），现将本次股东会的召开情况进一步提示如下： 一、召开会议的基本情况 1.股东会届次：公司2025年第六次临时股东会。 2.会议召集人：公司董事会。 登录新浪财经APP 搜索【信披】查看更多考评等级 2025年11月13日，公司第十届董事会第三次会议审议通过了《关于召开2025年第六次临时股东会的议 案》。 3.会议召开的合法、合规性：本次临时股东会召开符合有关法律、行政法规、部门规章、规范性文件和 公司章程的规定 ...

Core Viewpoint - The National Power Investment Corporation (国家电投) is accelerating capital operations through significant asset restructuring and IPOs of renewable energy assets, reflecting a trend towards asset securitization among state-owned enterprises [1][2][9]. Group 1: Asset Restructuring - Electric Power Investment Energy (电投能源) plans to acquire 100% equity of Baiyinhua Coal Power Co., Ltd. for 11.15 billion yuan, maintaining its core business focus [2]. - Electric Power Investment Capital Integration (电投产融) is revising its asset restructuring plan to acquire 100% equity of Electric Power Investment Nuclear (电投核能) for 55.39 billion yuan, while divesting its stake in the Capital Holding Company [2]. - Far East Environmental (远达环保) has completed acquisitions of 100% equity in Wuling Power Co., Ltd. and 64.93% in Guangxi Changzhou Hydropower Development Co., Ltd., expanding its business into hydropower and integrated renewable energy operations [4]. Group 2: IPOs of Renewable Energy Assets - Huadian New Energy (华电新能) raised 18 billion yuan through its IPO, with a total installed capacity of 82.14 million kilowatts, focusing on wind and solar power [6][7]. - China Resources New Energy (华润新能源) plans to raise 24.5 billion yuan through its IPO, with a focus on wind and solar power generation [6]. - China Electric Power Construction New Energy (电建新能) is also pursuing an IPO, aiming to raise 9 billion yuan, with a total installed capacity of 21.25 million kilowatts [7]. Group 3: Strategic Implications - The restructuring and IPO activities are part of a broader strategy to enhance the quality of state-owned enterprises and optimize asset structures, moving from traditional financing to strategic asset management [5][10]. - Analysts suggest that separating renewable energy assets into independent platforms can improve market valuation and attract investment due to their growth potential and alignment with national policies [8][11]. - The focus on renewable energy aligns with national goals for green transformation and carbon neutrality, making these assets more appealing to investors [8][11].

Core Insights - The "New Three-Year Action Plan" (2023-2025) is seen as a significant initiative for state-owned enterprise reform, distinguishing it from the previous "Old Three-Year Action" (2020-2022) [1] - The plan emphasizes the importance of state-owned enterprises in key sectors such as energy and resources, aiming to enhance national strategic security and improve capital allocation efficiency through market-oriented restructuring [1][2] - There are challenges in the asset securitization of electric power central enterprises, including unclear positioning of listed companies and potential competition among subsidiaries [1] Group 1: Asset Securitization Challenges - The complexity of asset nature is a significant barrier, as traditional power assets are heavy, have long cycles, slow returns, and high debt ratios, leading to valuation discounts in capital markets [2][3] - Regulatory and approval processes involve multiple agencies, making the asset restructuring and listing processes lengthy and complicated, particularly in the power sector affected by various regulations [2] - There is a mismatch in profitability and valuation, with investors favoring high-growth, predictable cash flow assets, while traditional power assets have limited growth potential [3] Group 2: Future Directions for Electric Power Central Enterprises - Electric power central enterprises should focus on expanding renewable and clean energy production, including wind, solar, pumped storage, and hydrogen energy [3] - Increased overseas projects in power and infrastructure can provide funding for acquisitions and project development, aligning with the national "going out" strategy [3] - Emphasis on integrating fundraising with national strategies such as "dual carbon," energy security, and modern power system construction is crucial for effective fund management and risk control [3]

证券代码：000875 证券简称：吉电股份 公告编号：2025-098 吉林电力股份有限公司 关于召开 2025 年第六次临时股东会的 提示性公告 一、召开会议的基本情况 1.股东会届次：公司 2025 年第六次临时股东会。 2.会议召集人：公司董事会。 2025 年 11 月 13 日，公司第十届董事会第三次会议审议通过了 《关于召开 2025 年第六次临时股东会的议案》。 3.会议召开的合法、合规性：本次临时股东会召开符合有关法律、 行政法规、部门规章、规范性文件和公司章程的规定。 4.会议召开日期和时间： （1）现场会议：2025年12月2日（星期二）下午14:00。 （2）网络投票时间为：2025 年 12 月 2 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 12 月 2 日 9:15 至 15:00 的任意时间。 5.会议召开方式： 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"）第十届董事会第三 次会议决定于 202 ...

Core Points - As of November 20, 2025, the number of shareholders for Jidian Co., Ltd. (stock code: 000875) is projected to be 165,291 [1]

债券简称:22 吉电 G1 债券简称:23 吉电 GCKV01 债券简称: 25 吉电 K1 债券代码:149848.SZ 债券代码:148530.SZ 债券代码: 524366.SZ 国泰海通证券股份有限公司 关于吉林电力股份有限公司 涉及拟变更公司会计师事务所的 临时受托管理事务报告 受托管理人 国泰海通证券股份有限公司 GUOTAI HAITONG SECURITIES CO., LTD. (住所:中国(上海)自由贸易试验区商城路 618 号) 二〇二五年十一月 重要声明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行 为准则》《吉林电力股份有限公司公开发行绿色公司债券之债券受托管理协议》 《吉林电力股份有限公司公开发行科技创新公司债券之债券受托管理协议》(以 下简称《受托管理协议》)等相关规定和约定、公开信息披露文件以及吉林电力 股份有限公司(以下简称公司、吉电股份或发行人)出具的相关说明文件以及提 供的相关资料等,由受托管理人国泰海通证券股份有限公司(以下简称国泰海通 证券)编制。 本报告不构成对投资者进行或不进行某项行为的推荐意见,投资者应对相关 事宜做出独立判断。 1 一、拟 ...