Core Points - Hubei Energy (000883.SZ) reported a total electricity generation of 3.138 billion kWh in September 2025, representing a year-on-year decrease of 21.18% [1] - Hydropower generation increased by 233.43% year-on-year, while thermal power generation decreased by 52.88%, and renewable energy generation decreased by 10.57% [1] - Cumulatively, the company achieved a total electricity generation of 32.954 billion kWh for the year, a year-on-year decrease of 2.54% [1] - Year-on-year changes in cumulative generation include a 20.63% decrease in hydropower, a 2.85% decrease in thermal power, and a 35.45% increase in renewable energy generation [1]

Core Viewpoint - Hubei Energy reported a significant decrease in total power generation for the year 2025, with a total of 31.38 billion kWh, reflecting a year-on-year decline of 21.18% [1] Summary by Category Power Generation Performance - The company's total power generation for the year reached 329.54 billion kWh, which is a decrease of 2.54% compared to the previous year [1] - Hydropower generation saw a year-on-year increase of 233.43% in the latest report, while thermal power generation decreased by 52.88% [1] - New energy generation experienced a decline of 10.57% year-on-year [1] Year-to-Date Performance - Year-to-date hydropower generation decreased by 20.63%, while thermal power generation saw a smaller decline of 2.85% [1] - In contrast, new energy generation increased by 35.45% year-on-year [1]

Core Insights - The company reported a total electricity generation of 3.138 billion kilowatt-hours (kWh) for September 2025, representing a year-on-year decrease of 21.18% [1] - Hydropower generation increased by 233.43% year-on-year, while thermal power generation decreased by 52.88% and renewable energy generation decreased by 10.57% [1] - Cumulatively, the company achieved a total electricity generation of 32.954 billion kWh for the year, reflecting a year-on-year decrease of 2.54% [1] - Within the cumulative figures, hydropower generation decreased by 20.63%, thermal power generation decreased by 2.85%, and renewable energy generation increased by 35.45% [1]

证券代码：000883 证券简称：湖北能源 公告编号：2025-064 湖北能源集团股份有限公司 关于 2025 年 9 月发电情况的自愿性信息披露公告 上述发电量数据系公司初步统计，公司发电量数据在月度之间可 能存在较大差异，其影响因素包括但不限于天气变化、来水情况、季 节因素、设备检修、安全检查等，最终数据请以公司披露的定期报告 为准。提醒投资者不宜以此数据简单推算公司业绩，并注意投资风险。 为便于投资者及时了解公司生产情况，现将湖北能源集团股份有 限公司（以下简称公司）2025年9月发电量情况公告如下： 2025年9月，公司完成发电量31.38亿千瓦时，同比减少21.18%。 其中水电发电量同比增加233.43%，火电发电量同比减少52.88%，新 能源发电量同比减少10.57%。 公司本年累计完成发电量329.54亿千瓦时，同比减少2.54%。其中 水电发电量同比减少20.63%，火电发电量同比减少2.85%，新能源发电 量同比增加35.45%。 公司2025年9月发电情况表 特此公告。 湖北能源集团股份有限公司董事会 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚 假记载、误导性陈 ...

Summary of Key Points Core Viewpoint - The signing of the "Deepening Cooperation Agreement" between Hubei Energy Group Co., Ltd. and the Xiangyang Municipal Government aims to leverage the strengths of both parties to ensure energy security and promote mutual development, with a planned investment of 26.7 billion yuan in clean energy projects during the 14th Five-Year Plan period [5][7]. Group 1: Agreement Overview - The agreement is a framework document that does not involve substantial transactions or constitute a major asset restructuring, thus not requiring board or shareholder approval [5]. - The cooperation is based on principles of mutual benefit and resource complementarity, establishing a long-term cooperation mechanism [7]. Group 2: Investment Plans - Hubei Energy plans to invest 10.8 billion yuan in the construction of the Nanzhang Zhangjiaping pumped storage power station, with a capacity of 1.8 million kilowatts, expected to optimize the power structure in Xiangyang [8]. - The second phase of the Yicheng Power Plant aims to enhance energy security in Xiangyang with a capacity of 2 million kilowatts [9]. - A new energy base project will add 2 million kilowatts of renewable energy capacity, focusing on multi-energy complementarity [10]. - Plans include creating zero-carbon logistics parks and community projects across various districts, promoting distributed energy solutions [11]. Group 3: Impact on the Company - The agreement is expected to strengthen the company's energy security capabilities in Hubei and aligns with its strategic development goals, with no significant impact on the company's financial status or operational results for 2025 [13].

Company News - Guolin Technology plans to acquire 91.07% of Xinjiang Kailianjie Petrochemical Co., Ltd. for cash, which is expected to constitute a major asset restructuring. The funding will come from self-owned funds and bank loans [4][5] - Fulin Precision plans to jointly increase capital in its subsidiary Jiangxi Shenghua with CATL, with Fulin contributing 1 billion yuan and CATL contributing 2.563 billion yuan. This transaction is expected to constitute a major asset restructuring [6] - Baicheng Co., Ltd. intends to acquire 55% of Shanghai Canxi Engineering Equipment Co., Ltd. through a combination of share issuance and cash payment, which is not expected to constitute a major asset restructuring [7] - Diao Micro plans to acquire equity in Rongpai Semiconductor (Shanghai) Co., Ltd. through share issuance and cash payment, with the transaction's classification as a major asset restructuring yet to be determined [7] - Hubei Energy signed a cooperation agreement with Xiangyang City government to invest 26.7 billion yuan in clean energy projects during the 14th Five-Year Plan period [7] - Suochen Technology plans to acquire 60% of Likong Technology for 192 million yuan, which will become a secondary holding subsidiary post-transaction [8] - Sailis plans to purchase 10% of Shenzhen Yingwang Intelligent Technology Co., Ltd. from Huawei for 11.5 billion yuan, with all payments completed as of the announcement date [8] - Bohai Automobile intends to acquire multiple stakes in various companies through share issuance and cash payment, with a total transaction value of 2.728 billion yuan [9] - Hengwei Technology plans to acquire 75% of Shanghai Shuhang Information Technology Co., Ltd. through share issuance and cash payment, which is not expected to constitute a major asset restructuring [10] Industry News - The National Development and Reform Commission announced a new policy financial tool with a total scale of 500 billion yuan, aimed at supplementing project capital [2] - The Ministry of Water Resources reported that investment in water conservancy construction is expected to exceed 5.4 trillion yuan during the 14th Five-Year Plan, significantly higher than the previous plan [3] - The Ministry of Industry and Information Technology, along with other departments, released a work plan for the machinery industry, targeting an average annual revenue growth rate of around 3.5% from 2025 to 2026 [3]

Core Viewpoint - Hubei Energy (000883.SZ) has signed a cooperation agreement with the Xiangyang Municipal Government to enhance energy security and promote mutual development, planning to invest 26.7 billion yuan in clean energy projects during the 14th Five-Year Plan period [1] Group 1 - The cooperation agreement was signed on September 29, 2025, based on principles of equality, mutual benefit, and win-win cooperation [1] - The investment will focus on the clean energy sector and the upstream and downstream industrial chain in Xiangyang [1] - The planned investment includes the construction of multiple wind, solar, and energy storage projects [1]

Core Viewpoint - Hubei Energy (000883.SZ) has signed a cooperation agreement with the Xiangyang Municipal Government to enhance energy security and promote mutual development, with plans to invest 26.7 billion yuan in clean energy projects during the 14th Five-Year Plan period [1] Group 1 - The cooperation agreement was signed on September 29, 2025, based on principles of equality, mutual benefit, and win-win cooperation [1] - The investment plan includes the construction of multiple wind, solar, and energy storage projects, as well as comprehensive energy projects in Xiangyang [1] - The total planned investment for the clean energy and industrial chain in Xiangyang is 26.7 billion yuan [1]

Core Viewpoint - Hubei Energy (000883.SZ) signed a cooperation agreement with Xiangyang Municipal Government to invest 26.7 billion yuan in clean energy and related projects by September 29, 2025, aiming to enhance energy security and promote mutual development [1] Group 1: Investment Projects - The company plans to invest 10.8 billion yuan in the construction of the Nanzhang Zhangjiaping Pumped Storage Power Station, with a capacity of 1.8 million kilowatts, and aims to complete investment decisions by February 7, 2024 [1] - The second phase of the Yicheng Power Plant will be developed to achieve a capacity of 2 million kilowatts, enhancing energy security for Xiangyang [1] - A new renewable energy base with a capacity of 2 million kilowatts will be established, integrating various energy sources and promoting local industrial development through green electricity [1] Group 2: Zero Carbon Initiatives - The company plans to create zero-carbon logistics parks and communities in Xiangzhou District, Yicheng City, and Nanzhang County, focusing on distributed photovoltaic systems and comprehensive energy projects [2]

Group 1 - Yinglian Co., Ltd. expects a net profit of 34.5 million to 37.5 million yuan for the first three quarters of 2025, representing a year-on-year increase of 1531% to 1673% [1] - China CNR Corporation signed major contracts totaling approximately 54.34 billion yuan, accounting for 22% of its expected revenue for 2024 [1] - Shengmei Shanghai reported a total order amount of 9.072 billion yuan, a year-on-year increase of 34.1% [2] Group 2 - Fulian Precision plans to increase capital in its subsidiary Jiangxi Shenghua with a total investment of 35.63 billion yuan, which is expected to constitute a major asset restructuring [3] - Aimeike has obtained a drug registration certificate for Minoxidil topical solution, which is used for treating male pattern baldness [4] - Guolin Technology is planning to acquire 91.07% of Kailianjie’s equity for cash, which is expected to constitute a major asset restructuring [5] Group 3 - Baicheng Co. plans to purchase 55% of Shanghai Canxi Engineering Equipment Co. and will suspend trading of its stock starting September 30, 2025 [6][7] - Diaowei is planning to acquire equity in Rongpai Semiconductor and has suspended trading of its stock [8] - Xiatun New Energy signed a strategic cooperation framework agreement with Zhongwei Co. to establish a long-term partnership in the supply chain for solid-state lithium battery materials [9] Group 4 - Lingyi Zhi Manufacturing is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy [10] - Baicheng Pharmaceutical received clinical trial approval for its innovative drug BIOS-0623-Z4, which targets cancer pain treatment [11] - Weide Information announced a preliminary transfer price of 40.33 yuan per share, representing a 26% discount to its closing price [12] Group 5 - Huayou Cobalt's subsidiary signed contracts with LGES for the supply of 76,000 tons of ternary precursor materials and 88,000 tons of ternary cathode materials from 2026 to 2030 [13] - Hubei Energy signed a cooperation agreement with the Xiangyang Municipal Government to invest 26.7 billion yuan in clean energy projects [14]