Core Viewpoint - The stock of State Power Investment Corporation (电投产融) has experienced fluctuations, with a recent decline of 2.05%, while the company has shown an overall increase in stock price of 18.16% year-to-date [1][2]. Financial Performance - For the period from January to September 2025, the company reported a revenue of 3.65 billion yuan, a year-on-year decrease of 7.66%, and a net profit attributable to shareholders of 617 million yuan, down 19.20% year-on-year [2]. - Cumulative cash dividends since the company's A-share listing amount to 2.579 billion yuan, with 1.626 billion yuan distributed over the past three years [3]. Shareholder Information - As of September 30, 2025, the number of shareholders is 111,200, a decrease of 22.25% from the previous period, while the average circulating shares per person increased by 28.62% to 48,427 shares [2]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 26.486 million shares, an increase of 4.7503 million shares from the previous period [3]. Market Activity - The stock has been active in the market, appearing on the "龙虎榜" (a list of stocks with significant trading activity) four times this year, with the latest appearance on May 13, where it recorded a net purchase of 145 million yuan [1]. - The stock's trading volume on November 17 was 878 million yuan, with a turnover rate of 2.24% and a total market capitalization of 38.491 billion yuan [1].

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。 国家电投集团产融控股股份有限公司（简称公司）拟通 过资产置换和发行股份方式购买国电投核能有限公司 100% 股权，同时置出国家电投集团资本控股有限公司 100%股权， 并募集配套资金（简称本次交易）。 公司于 2025 年 6 月 13 日收到深圳证券交易所（简称深 交所）出具的《关于受理国家电投集团产融控股股份有限公 司发行股份购买资产并募集配套资金申请文件的通知》（深 证上审〔2025〕82 号），深交所依照相关规定对公司报送的 申请文件进行了核对，认为申请文件齐备，决定予以受理。 具体内容详见公司于 2025 年 6 月 17 日披露的《关于重大资 产置换及发行股份购买资产并募集配套资金暨关联交易申 请文件获得深圳证券交易所受理的公告》（公告编号： 2025-041）。 证券代码：000958 证券简称：电投产融 公告编号：2025-075 国家电投集团产融控股股份有限公司 关于收到深圳证券交易所恢复审核公司 重大资产置换及发行股份购买资产并募集 配套资金暨关联交易通知的公告 2025 年 11 月 13 ...

证券代码：000958 证券简称：电投产融 公告编号：2025-074 国家电投集团产融控股股份有限公司 2025年第五次临时股东大会决议公告 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。 特别提示： 1.本次股东大会无否决提案情形，全部议案表决通过。 2.本次股东大会不涉及变更以往股东大会通过决议。 一、会议召开情况 1.现场会议召开时间：2025年11月14日14:30。 2.网络投票日期与时间：通过深圳证券交易所交易系统 投票的时间为2025年11月14日9:15～9:25，9:30～11:30，1 3:00～15:00；通过深圳证券交易所互联网投票系统（http:// wltp.cninfo.com.cn）投票的时间为2025年11月14日9:15～1 5:00期间的任意时间。 3.现场会议召开地点：北京市西城区金融大街28号院3 号楼1701会议室。 4.召开方式：本次股东大会采取现场投票与网络投票相 - 1 - 结合的方式。 5.召集人：国家电投集团产融控股股份有限公司董事会 6.主持人：董事长冯俊杰女士 7.会议的召开符合《公司法》、证监会《上 ...

北京市中咨律师事务所 关于 国家电投集团产融控股股份有限公司 2025 年第五次临时股东大会的 法律意见书 2025年11 北京市西城区平安里西大街 26 邮编: 100034 6-8 层 电话:+86-10-66091188 传真:+86-10-66091616 网址：http://www.zhongzi.com.cn 2025年第五次临时股东大会的法律意见书 致:国家电投集团产融控股股份有限公司 北京市中咨律师事务所(以下简称"本所")接受国家电投集团产融控股股 份有限公司(以下简称"电投产融"或"公司")委托,指派贾向明律师、傅婧 律师(以下简称"承办律师")担任电投产融 2025 年第五次临时股东大会(以 下简称"本次股东大会")特别法律顾问,出席本次股东大会并出具法律意见书。 本法律意见书系根据《中华人民共和国公司法》(以下简称《公司法》)等 法律、规范性文件及《国家电投集团产融控股股份有限公司章程》(以下简称《公 司章程》)、《国家电投集团产融控股股份有限公司股东大会议事规则》(以下 简称《股东大会议事规则》),并结合公司《国家电投集团产融控股股份有限公 司关于召开2025年第五次临时股东大会的通 ...

Core Points - Electric Power Investment and Financing (SZ:000958) saw its stock price hit the daily limit, closing at 7.30 yuan, with an increase of 9.94% [1] - The company's total market capitalization reached 39.299 billion yuan [1]

Core Points - The Shanghai Composite Index is at 4017.68 points, above the six-month moving average, with a slight decline of 0.29% [1] - A total trading volume of A-shares reached 15648.48 billion yuan today [1] - 113 A-shares have surpassed the six-month moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - The top three stocks with the highest deviation rates from the six-month moving average are: - Electric Investment and Financing (9.07%) - Jie Rong Technology (7.54%) - Annie Shares (4.91%) [1] - Other stocks with smaller deviation rates that have just crossed the six-month line include: - Baoland, Zhongnong Lihua, and Subote [1] Trading Data - The trading performance of selected stocks includes: - Electric Investment and Financing: +9.94% with a turnover rate of 2.09% - Jie Rong Technology: +10.00% with a turnover rate of 8.20% - Annie Shares: +6.44% with a turnover rate of 18.47% [1] - Additional stocks with notable performance include: - Yahua Electronics: +6.29% - Zhonglu Shares: +7.08% - Jinlihua Electric: +4.81% [1]

Core Insights - The solar energy sector in the A-share market is experiencing significant growth, with multiple stocks reaching their daily limit up [1] - China is a major contributor to global electricity growth, with approximately three-quarters of new electricity supply coming from solar energy [1] - Elon Musk has highlighted solar power as potentially the largest energy source for human civilization to date [1] Company Performance - Top performing solar stocks include: - **拓日新能 (TuoRi New Energy)**: Increased by 10.05%, market cap of 6.811 billion [2] - **日出东方 (Rising Sun Oriental)**: Increased by 10.04%, market cap of 9 billion [2] - **锡装股份 (XiZhuang Co.)**: Increased by 10.01%, market cap of 6.583 billion [2] - **捷荣技术 (JieRong Technology)**: Increased by 10.00%, market cap of 4.798 billion [2] - **建业股份 (JianYe Co.)**: Increased by 10.00%, market cap of 5.525 billion [2] - **清源股份 (QingYuan Co.)**: Increased by 9.99%, market cap of 4.299 billion [2] - **国晟科技 (GuoSheng Technology)**: Increased by 9.96%, market cap of 5.581 billion [2] - **电投产融 (DianTou ChanRong)**: Increased by 9.94%, market cap of 39.3 billion [2] - **永泰能源 (YongTai Energy)**: Increased by 9.82%, market cap of 39.1 billion [2] - **弘元绿能 (HongYuan Green Energy)**: Increased by 9.23%, market cap of 26.1 billion [2] - **昱能科技 (YuNeng Technology)**: Increased by 9.08%, market cap of 10.5 billion [2] - **上能电气 (ShangNeng Electric)**: Increased by 9.05%, market cap of 24.5 billion [2] - **TCL中环 (TCL ZhongHuan)**: Increased by 7.88%, market cap of 45.9 billion [2] - **隆基绿能 (Longi Green Energy)**: Increased by 7.89%, market cap of 174.1 billion [2] - **时创能源 (ShiChuang Energy)**: Increased by 7.63%, market cap of 7.108 billion [2] Electricity Generation Trends - Data indicates a significant increase in electricity generation, with solar energy being a key driver in China compared to other sources [3]

Core Viewpoint - The company, Electric Power Investment and Financing (000958.SZ), is facing scrutiny from the Shenzhen Stock Exchange regarding a significant decline in the gross profit margin of its electricity sales business, which has raised concerns about its asset replacement and fundraising activities [1] Financial Performance - The gross profit margin for the company's main business, nuclear power, was reported at 42.30% for the fiscal year 2023 and is projected to decrease to 31.14% for 2024 [1] - Specifically, the gross profit margin for the electricity sales business was 42.55% in 2023 and is expected to drop to 31.47% in 2024 [1] Factors Influencing Profit Margins - The decline in the electricity sales gross profit margin is primarily attributed to the increased costs associated with the disposal of spent fuel from the Haiyang Nuclear Power Phase I project, which began commercial operations in October 2018 and January 2019 [1] - For the fiscal year 2024, the company anticipates that the spent fuel disposal fund will amount to 457.80 million yuan, which will account for 10.43% of the total costs in the electricity sales business [1]

北京中企华资产评估有限责任公司 关于深圳证券交易所《关于国家电投集团产融控股股份有限公司 重大资产置换及发行股份购买资产并募集配套资金申请的审核 问询函》所涉及问题的回复 深圳证券交易所于2025年6月25日出具《关于国家电投集团产融控股股份有 限公司重大资产置换及发行股份购买资产并募集配套资金申请的审核问询函》 （审核函〔2025〕130008号，以下简称"《审核函》"），北京中企华资产评估 有限责任公司（以下简称"评估机构"），对所涉及问题进行了认真分析与核查， 现就相关事项回复如下。 如无特殊说明，本回复中的词语或简称均与《重组报告书》中的"释义"所 定义的词语或简称具有相同的含义。本回复任何表格中若出现总数与表格所列数 值总和不符，如无特殊说明均系四舍五入所致。 1 问题 4、关于置入资产评估预测 申请文件显示：（1）本次交易对电投核能采取资产基础法评估结果作为评 估结论，评估值为 571.23 亿元，增值率 105.88%。（2）电投核能长期股权投资 评估值为 559.39 亿元，其中，对持有的控股子公司山东核电有限公司（以下简 称山东核电）股权采用收益法进行评估，评估值为 173.29 亿元；对持 ...

中信证券股份有限公司 1 如下： | 评估报告 | | 评估基准日 | | | | | 出具时间 | 评估结果（万 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | | 元） | | 原《置入资产评估报告》（中企华 评报字[2024]第 6668 号） | 2024 | 年 9 | 月 30 | 日 | 2025 | 年 2 | 月 | 5,712,251.37 | | 《置入资产评估报告》（中企华评 报字（2025）第 6566 号） | 2024 | 年 9 | 月 30 | 日 | 2025 | 年 9 | 月 | 5,539,371.08 | 二、业绩承诺调整情况 （一）调整前的业绩承诺 根据原《置入资产评估报告》（中企华评报字[2024]第 6668 号）相关盈利预 测情况，2025 年 3 月 11 日，电投产融与交易对方国家核电签署了《国家电投集 团产融控股股份有限公司与国家核电技术有限公司之业绩补偿协议》，相关约定 如下：如本次交易于 2025 年实施完毕，国家核电承诺，业绩承诺资产在 2025 ...