Core Viewpoint - The company is advancing a significant asset restructuring plan, aiming to divest its financial business and integrate nuclear power assets, positioning itself as a nuclear power operation platform for the State Power Investment Corporation [1] Group 1: Investor Relations Activity - On September 15, 2025, the company participated in an online investor reception day, engaging with investors through a remote format [1] - Key personnel involved included board members and senior management, indicating a commitment to transparency and investor communication [1] Group 2: Asset Restructuring and Financial Impact - The company plans to enhance its asset quality and profitability through the injection of high-quality nuclear power assets, which is expected to significantly increase total assets, net assets, and operating income [1] - A performance compensation agreement is in place with the transaction counterparties to ensure financial targets are met post-restructuring [1] Group 3: Nuclear Power Assets and Competitive Advantage - The restructuring will allow the company to effectively manage and integrate nuclear power assets, leveraging advanced technologies such as AP1000 and CAP1000 [1] - The company currently operates two nuclear power units and has six joint venture units, with an equity installed capacity of 7.43 million kilowatts [1] Group 4: Strategic Goals and Shareholder Returns - The company is focused on sustainable development and has established a shareholder return plan for 2025-2027, reflecting its commitment to long-term value creation [1] - The restructuring aligns with national energy security goals, with nuclear power expected to account for approximately 10% of total power generation by 2035 [1] Group 5: Restructuring Process and Challenges - The company is working on refining its responses to the Shenzhen Stock Exchange's inquiries regarding the restructuring, indicating a structured approach to compliance [1] - The restructuring process is ongoing, with necessary approvals from regulatory bodies still required, ensuring adherence to legal and disclosure obligations [1] Group 6: Market Conditions and Stock Performance - The company acknowledges that its stock price is influenced by various factors and emphasizes the importance of investor awareness regarding potential risks [1] - The restructuring is progressing without plans for a trading suspension, with information to be disclosed as per regulatory requirements [1]

Group 1: Company Restructuring and Financial Impact - The company is currently advancing a major asset restructuring, aiming to integrate nuclear power assets into its operations, which is expected to significantly enhance its asset scale and business strength [2][5]. - Following the completion of the restructuring, the company will become a platform for integrating nuclear operation assets, which will improve key financial metrics such as total assets, net assets, and operating income [2][4]. - The restructuring includes a performance compensation agreement with the counterparty, ensuring commitments regarding performance and compensation arrangements [2][4]. Group 2: Nuclear Power Development and Market Position - The company is focusing on developing a clean, low-carbon energy system, with nuclear power being a crucial component due to its safety, economic efficiency, and low carbon emissions [5][7]. - By 2035, nuclear power is projected to account for approximately 10% of China's electricity generation, indicating significant growth potential in the sector [5][7]. - The company’s subsidiary, Electric Power Nuclear, has nearly ten years of experience in nuclear safety management and is equipped with advanced nuclear technologies such as AP1000 and CAP1000 [3][5]. Group 3: Investor Relations and Market Confidence - The company is committed to enhancing its investment value and has established a three-year shareholder dividend return plan, which is aligned with regulatory guidelines [4][6]. - The company emphasizes transparency in profit distribution decisions and aims to provide stable and scientific returns to investors [4][6]. - The restructuring process is ongoing, with the company actively addressing inquiries from the Shenzhen Stock Exchange and ensuring compliance with relevant regulations [9][11].

Core Viewpoint - The company plans to issue a new class of REITs based on the assets of Shijiazhuang Liangcun Thermal Power Co., with an expected issuance scale of no more than 1.74 billion yuan [1] Group 1: REITs Issuance - The new REITs issuance aims to ensure a smooth transition after the maturity of the previous asset-backed notes issued in November 2022, which totaled 1.77 billion yuan and will mature in November 2025 [2] - The transaction focuses on the continuity of the equity-debt structure of the underlying project company, Liangcun Thermal Power, which is jointly held by Dongfang Xinseng and the company's wholly-owned subsidiary, Dongfang Green Energy [2][3] Group 2: Financial Structure and Asset Quality - The underlying assets of the new REITs are centered on Dongfang Xinseng, which has total assets of 2.354 billion yuan and no liabilities, indicating strong asset quality and stable cash flow [4] - The valuation of the LP1 shares, which is 1.78 billion yuan, supports the issuance scale of no more than 1.74 billion yuan, with an assessed value increase of 26.48 million yuan, reflecting a 1.12% appreciation [4] Group 3: Strategic Objectives - The strategic purpose of the new issuance is to retain original equity financing channels and avoid adverse impacts on the company's debt ratio, as REITs are typically recognized as equity instruments rather than liabilities [4] - The issuance is expected to enhance the company's ability to manage existing assets efficiently and align with market demand for stable income assets [5]

Group 1 - The company held its 27th meeting of the 7th Board of Directors on September 12, 2025, with all 7 directors present, and the meeting was chaired by the Chairwoman Feng Junjie [2] - The Board approved a proposal to continue issuing REITs products based on the assets of Liangcun Thermal Power, with a vote of 7 in favor, 0 against, and 0 abstentions [3][8] - The proposal was discussed and recommended by the Strategic Investment Committee prior to the meeting, and the suggestions were adopted by the Board [4] Group 2 - The company plans to issue a new REITs product based on Liangcun Thermal Power, with an expected issuance scale of no more than 1.74 billion yuan, following the previous issuance of 1.77 billion yuan in November 2022 [8] - The transaction does not require shareholder approval and does not constitute a related party transaction or a major asset restructuring as per relevant regulations [8] - The project involves a transfer of LP1 shares between two trust management companies and is currently undergoing regulatory approval [10] Group 3 - The target entity for the transaction is Dongfang Xinseng (Hebei) Energy Partnership, with a registered capital of 2.35558 billion yuan and total assets of 2.354 billion yuan as of April 30, 2025 [11][12] - The partnership has no liabilities and reported a net profit of 18.29 million yuan for the first four months of 2025 [12] - The valuation of the partnership's net assets was assessed at 2.38026 billion yuan, reflecting an increase of 26.48 million yuan, or 1.12% [14] Group 4 - The purpose of the transaction is to maintain the original equity financing channel and avoid adverse impacts on the company's asset-liability ratio due to debt financing [14] - After the transaction, the company will retain control over the project and continue to consolidate Liangcun Thermal Power in its financial statements [14] - The implementation of the REITs product will not adversely affect the interests of the company or its shareholders [14]

Market Overview - The Shanghai Composite Index fell by 0.12% on September 12, with nine industries rising, led by non-ferrous metals and real estate, which increased by 1.96% and 1.51% respectively. The sectors with the largest declines were telecommunications and comprehensive, down by 2.13% and 1.95% respectively [1] - The non-bank financial sector dropped by 1.46%, with a net outflow of 81.38 billion yuan in main funds [1] Fund Flow Analysis - Throughout the day, the main funds experienced a net outflow of 53.64 billion yuan, with six industries seeing net inflows. The non-ferrous metals sector led with a net inflow of 2.168 billion yuan, followed by the construction and decoration sector, which had a daily increase of 0.96% and a net inflow of 721 million yuan [1] - In the non-bank financial sector, 83 stocks were tracked, with 11 rising and 70 falling. Among the stocks with net inflows, Zhongyin Securities topped the list with a net inflow of 57.6998 million yuan, followed by Electric Investment Capital and Guosheng Financial Holdings with inflows of 42.041 million yuan and 32.946 million yuan respectively [2] - The non-bank financial sector had 18 stocks with net outflows exceeding 100 million yuan, with Dongfang Caifu, CITIC Securities, and China Ping An leading the outflows at 1.188 billion yuan, 955 million yuan, and 729 million yuan respectively [2] Sector Performance - The non-bank financial sector's performance was characterized by significant outflows, with major stocks like Dongfang Caifu and CITIC Securities experiencing declines of 1.17% and 1.81% respectively, alongside substantial negative fund flows [2][3] - The detailed fund flow data for the non-bank financial sector indicates that many stocks faced significant outflows, with the top outflowing stocks including Dongfang Caifu, CITIC Securities, and China Ping An, all showing negative fund flow figures [2][3][4]

Group 1 - The company is actively focusing on strategic layout and technological development in the nuclear energy sector [1] - The company has mastered advanced nuclear power technologies such as AP1000 and CAP1000 [1] - AP1000 is a third-generation nuclear power technology developed by Westinghouse Electric Company based on AP600 [1] Group 2 - CAP1000 is a third-generation passive pressurized water reactor technology with independent intellectual property rights, developed by China through the absorption and innovation of AP1000 technology [1] - The Shandong Haiyang Nuclear Power Project, controlled by the company, plans to construct six 1 million kilowatt nuclear power units [1] - Units 1 and 2 will adopt the AP1000 technology route, while units 3 to 6 will utilize the domestically designed and manufactured CAP1000 technology [1]

Group 1 - The company acknowledges that stock prices are influenced by various factors, including macroeconomic environment, overall capital market trends, industry cycle characteristics, company fundamentals, and market sentiment [1] - The company is currently progressing with a significant asset restructuring matter in an orderly manner [1] - The company emphasizes its commitment to strictly adhere to relevant regulations regarding information disclosure obligations [1]

证券代码：000958 证券简称：电投产融 公告编号：2025-056 国家电投集团产融控股股份有限公司 关于以良村热电资产开展类 REITs 续发业务的公告 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。 一、概述 1.2022 年 11 月，国家电投集团产融控股股份有限公司 （简称电投产融或公司）以石家庄良村热电有限公司（简 称良村热电或项目公司）作为标的资产在中国银行间市场 交易商协会（以下简称银行间市场）发行资产支持票据 （以下简称类 REITs），发行规模 17.70 亿元。该项目将于 2025 年 11 月到期。电投产融拟继续以良村热电作为标的 资产在银行间市场发行新一期类 REITs 产品，预计本次发行 规模不超过 17.40 亿元（发行规模最终以审核通过的发行 规模为准）。 2.董事会审议情况：2025 年 9 月 12 日，公司第七届董 事会第二十七次董事会会议以 7 票赞同，0 票反对，0 票弃 权，审议通过了《关于以良村热电资产开展类 REITs 续发业 务的议案》。 — 1 — 3.根据《深圳证券交易所股票上市规则》和《公司章程》 等相 ...

证券代码：000958 证券简称：电投产融 公告编号：2025-055 国家电投集团产融控股股份有限公司 第七届董事会第二十七次会议决议公告 详情见同日刊载于巨潮资讯网（www.cninfo.com.cn)的 — 1 — 《关于以良村热电资产开展类 REITs 续发业务的公告》。 三、备查文件 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。 一、董事会会议召开情况 国家电投集团产融控股股份有限公司（简称公司）于 2025 年 9 月 5 日以电子通讯方式发出第七届董事会第二十 七次会议通知，于 9 月 12 日以书面传签方式召开会议。会 议应出席董事 7 人，实际出席 7 人，董事长冯俊杰女士主 持会议。董秘出席会议，监事、有关高管及中层管理人员 列席会议。本次会议符合法律法规和公司《章程》有关规 定。 二、董事会会议审议情况 1.关于以良村热电资产开展类 REITs 续发业务的议案 经审议，本议案同意7票、反对0票、弃权0票，审议通 过本议案。 本议案已在会前提交战略投资委员会讨论研究，所提 建议均被董事会采纳。 2025年9月13日 — 2 — 1.第七届 ...

Core Viewpoint - The company, Electric Power Investment and Financing (000958), announced the issuance of asset-backed notes (similar to REITs) based on the Shijiazhuang Liangcun Thermal Power Co., Ltd. with a total issuance scale of 1.77 billion yuan, set to mature in November 2025 [1] Group 1 - The company plans to issue a new series of asset-backed notes based on Liangcun Thermal Power, with an expected issuance scale not exceeding 1.74 billion yuan [1]