Performance Forecast - The company expects a significant decline in net profit for the reporting period, with estimated net profit ranging from 77.8 million to 103.8 million yuan, compared to 447.92 million yuan in the same period last year, indicating a decrease of 76.83% to 82.63% [1] - The estimated net profit after deducting non-recurring gains and losses is projected to be between 54.8 million and 80.8 million yuan, down from 437.93 million yuan year-on-year, reflecting a decline of 81.55% to 87.49% [1] - Basic earnings per share are expected to be between 0.0223 yuan and 0.0298 yuan, compared to 0.1629 yuan in the previous year [1] Communication with Auditors - The performance forecast data is based on preliminary calculations by the company's finance department and has not yet been audited by the accounting firm. However, the company has communicated with the auditors regarding the performance forecast, and there are no discrepancies between the company and the auditors on this matter [1] Reasons for Performance Change - The primary reasons for the decline in net profit are attributed to a decrease in the average selling price of electricity and a reduction in power generation compared to the previous year [1]

证券代码：000966 证券简称：长源电力 公告编号：2025-049 国家能源集团长源电力股份有限公司 2025 年半年度业绩预告 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、本期业绩预计情况 （一）业绩预告期间 2025 年 1 月 1 日–2025 年 6 月 30 日。 （二）业绩预告情况 | 项 目 | 本报告期 | | | 上年同期 | | | --- | --- | --- | --- | --- | --- | | 归属于上市公司 股东的净利润 | 盈利：7,780 | 万元–10,380 | 万元 | 盈利：44,792.14 | 万元 | | | 比上年同期下降：76.83%–82.63% | | | | | | 扣除非经常性损 益后的净利润 | 盈利：5,480 | 万元–8,080 | 万元 | 盈利：43,793.18 | 万元 | | | 比上年同期下降：81.55%–87.49% | | | | | | 基本每股收益 | 盈利：0.0223 | 元/股–0.0298 | 元/股 | 盈利：0.1629 元/股 | | 二、 ...

证券代码：000966 证券简称：长源电力 编号：2025-048 国家能源集团长源电力股份有限公司 关于谷城县盛康镇 50MW 农光互补光伏发电项目进展的 自愿性信息披露公告 一、对外投资概述 为促进公司绿色低碳转型发展，优化公司电源结构，增加新能源发电装机比 重，经履行公司内部投资决策程序，同意以公司全资子公司国能长源谷城新能源 有限公司（以下简称谷城新能源公司）为主体投资建设谷城县盛康镇 50MW 农光 互补光伏发电项目（以下简称盛康光伏项目）。盛康光伏项目规划装机容量 5 万 千瓦，静态总投资 25,660 万元，动态总投资 25,868 万元（项目具体情况详见公 司于 2023 年 4 月 26 日在《中国证券报》《证券时报》和巨潮资讯网上披露的《关 于全资子公司投资建设谷城县盛康镇 50MW 农光互补光伏发电项目的自愿性信 息披露公告》，公告编号：2023-041）。 二、投资标的进展情况 盛康光伏项目规划装机容量为 5 万千瓦，设计布置 19 个发电单元，光伏场 规划用地面积 1467 亩。截至 2025 年 5 月 31 日，盛康光伏项目光伏场实际有效 可用地面积 1387 亩，共布置 19 ...

国家能源集团长源电力股份有限公司 关于谷城县盛康镇 50MW 农光互补光伏发电项目进展的 自愿性信息披露公告 证券代码：000966 证券简称：长源电力 编号：2025-048 2025 年 7 月 7 日，公司履行内部决策程序审议通过了关于盛康光伏项目容量 调整的事项，同意调整盛康光伏项目的最终投产容量及总投资金额，项目规划装 机容量由 5 万千瓦调整为 4.7925 万千瓦，项目动态总投资由 25,868 万元调整为 21,602.58 万元。 特此公告。 国家能源集团长源电力股份有限公司董事会 2025 年 7 月 10 日 1 本公司及董事会全体成员保证信息披露的内容真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、对外投资概述 为促进公司绿色低碳转型发展，优化公司电源结构，增加新能源发电装机比 重，经履行公司内部投资决策程序，同意以公司全资子公司国能长源谷城新能源 有限公司（以下简称谷城新能源公司）为主体投资建设谷城县盛康镇 50MW 农光 互补光伏发电项目（以下简称盛康光伏项目）。盛康光伏项目规划装机容量 5 万 千瓦，静态总投资 25,660 万元，动态总投资 25,868 万元（项 ...

Core Viewpoint - The company has adjusted the planned installed capacity and total investment for its photovoltaic power generation project in Gucheng County, indicating a strategic shift in project execution [1] Group 1: Project Details - The planned installed capacity of the Gucheng County photovoltaic project has been revised from 50 MW to 47.9 MW [1] - The total investment for the project has been reduced from 259 million yuan to 216 million yuan [1] - As of May 31, 2025, the actual usable land area for the photovoltaic project is 1,387 acres, with 19 power generation units completed [1]

证券代码：000966 证券简称：长源电力 公告编号：2025-047 二、本次实施的利润分配方案 1. 本公司 2024 年年度权益分派方案为：以公司现有总股本 3,481,035,016 股为基数，向全体股东每 10 股派 0.72 元人民币现金（含税）。 国家能源集团长源电力股份有限公司 2024 年年度分红派息实施公告 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。 公司 2024 年年度权益分派方案已获 2025 年 5 月 29 日召开的 2024 年度股东 大会审议通过，现将权益分派事宜公告如下： 一、股东大会审议通过利润分配方案情况 1. 公司 2024 年度利润分配方案已获 2025 年 5 月 29 日召开的公司 2024 年 度股东大会审议通过，具体内容为：以 2024 年股本 3,481,035,016 股为基数，向 公司全体股东每 10 股派现金 0.72 元（含税），共计派发现金股利 250,634,521.15 元（含税）。本次不采用股票股利分配方式，亦不进行资本公积金转增股本。 2. 自 2024 年度利润分配方案披露至实施期间 ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the Chinese A-share market and its performance as of June 2025, highlighting improvements in market sentiment and liquidity leading to a rise in stock prices [1][4]. Core Insights and Arguments - **Market Performance**: Major indices such as the CSI 300, CSI 500, and CSI 1000 increased by 2.5%, 4.3%, and 5.5% respectively in June, while the Hang Seng Index rose by 3.4% [4]. - **Sector Returns**: - Information Technology led with a 9.7% increase YTD, driven by strong performance in tech hardware and AI-related stocks [2][6]. - Financials and Materials sectors also performed well, with increases of 7.3% and 6.9% respectively [2][6]. - Conversely, the Real Estate sector saw a decline of 1.0% YTD, reflecting ongoing challenges in the market [2][7]. - **Earnings Expectations**: By the end of June, the market's earnings expectations for the CSI 300 index for 2025 and 2026 remained stable at a year-on-year growth of 15.5% and 12.5% respectively [4][24]. - **Investment Trends**: There was a net outflow of $475 million from A-shares in the four weeks ending June 20, with the financial, industrial, and consumer sectors experiencing the most significant sell-offs [10][4]. Additional Important Insights - **Macroeconomic Indicators**: - Retail sales in May grew by 6.4%, supported by government policies, while fixed asset investment growth slowed to 2.9% [31][34]. - The trade surplus for May was reported at $103.2 billion, with exports increasing by 4.8% year-on-year [32][34]. - **Market Sentiment**: The report indicates a cautious sentiment regarding potential reforms from the upcoming political bureau meeting, with expectations for further financial market openings and industry policy adjustments [4][30]. - **Sector-Specific Challenges**: The daily consumer sector faced a decline of 3.4% due to regulatory measures affecting government officials and state-owned enterprise employees [7][6]. Conclusion - The Chinese A-share market is experiencing a mixed performance across sectors, with technology and finance leading gains while real estate and consumer sectors face challenges. Macroeconomic indicators suggest a cautious recovery, with potential for future reforms to stimulate growth.

Core Viewpoint - Longyuan Power's stock price has shown a slight increase, but the company faces challenges with declining electricity generation and profitability, prompting management to focus on improving operational efficiency and market performance [1][2]. Group 1: Financial Performance - As of July 4, 2025, Longyuan Power's stock closed at 4.69 yuan, up 1.3%, with a trading volume of 792,700 shares and a turnover of 373 million yuan [1]. - In Q1 2025, the company reported a significant loss primarily due to a decrease in both the average selling price and sales volume of electricity, with total generation of 8.461 billion kWh, down 11.72% year-on-year [1]. - In June 2025, the company completed electricity generation of 25.09 billion kWh, a year-on-year decrease of 23.58% [2]. Group 2: Generation Breakdown - In June 2025, thermal power generation was 20.77 billion kWh, down 28.85% year-on-year, while cumulative generation was 146.90 billion kWh, down 8.83% [2]. - Hydropower generation in June was 1.77 billion kWh, up 36.18% year-on-year, but cumulative generation was 5.64 billion kWh, down 33.89% [2]. - New energy generation reached 2.55 billion kWh in June, up 9.08% year-on-year, with cumulative generation of 14.61 billion kWh, up 15.61% [2]. Group 3: Management Response - The management is actively working on enhancing market performance, focusing on improving operational efficiency, cost control in fuel procurement, and financial management to boost profitability [1][2]. - The company is also committed to improving corporate governance, investor relations, and ESG capabilities as part of its market value management strategy [1].

Key Points - The stock of Renle will be delisted on July 4, 2025 [1] - Hualing Steel has been acquired by Xintai Life Insurance with a shareholding ratio of 5% [1] - Vanke A has applied for a loan of up to 6.249 billion yuan from Shenzhen Metro Group [1] - ST Yazhen has completed stock trading verification and will resume trading tomorrow [1] - Aerospace Chuangxin has regained procurement qualifications for military material engineering services [1] - Shangwei New Materials' controlling shareholder is planning a major event, and the stock will remain suspended [1] - Changling Hydraulic's actual controller is planning a change of control, and the stock will be suspended from tomorrow [1] - China Merchants Bank has been approved to establish China Merchants Financial Asset Investment Co., with a registered capital of 15 billion yuan [1] - Liugang Co. has experienced a potential irrational speculation risk with its stock [1] Operating Performance - Brothers Technology expects a net profit increase of 325% to 431.25% year-on-year for the first half of the year [1] - Huayin Power anticipates a net profit increase of 175 million to 215 million yuan year-on-year for the first half [1] - Xutian Salt Industry expects a net profit decrease of 76.34% to 80.29% year-on-year for the first half [1] - Juguang Technology expects a net loss of 42 million to 54 million yuan for the first half [1] - Beibu Gulf Port reported a cargo throughput of 31.1158 million tons in June, a year-on-year increase of 2.56% [1] - China Nuclear Power generated 115.104 billion kWh of electricity in the first half, a year-on-year increase of 15.92% [1] - Changyuan Power completed a power generation of 16.715 billion kWh in the first half, a year-on-year decrease of 8.3% [1] - Poly Developments signed contracts worth 29.011 billion yuan in June, a year-on-year decrease of 30.95% [1] Shareholding Changes - Jingye Da's actual controller plans to reduce holdings by no more than 3% [1] - Deyi Cultural Creation's actual controller Wu Tifang plans to reduce holdings by no more than 3% [1] - Caifu Trend's actual controller and chairman plan to reduce holdings by no more than 3% [1] - Annuo Qi's actual controller plans to reduce holdings by no more than 2% [1] - Suotong Development's actual controller and concerted actors plan to reduce holdings by no more than 2.21% [1] - Dingsheng Co.'s controlling shareholder plans to reduce holdings by no more than 1.71% [1] - Weitang Industrial's controlling shareholder plans to reduce holdings by no more than 1.95% [1] - Jinlong Automobile's Fujian Investment Group plans to reduce holdings by no more than 1% [1] - Wanye Enterprises' Guosheng Capital plans to reduce holdings by no more than 0.2% [1] - Zhonggang Luonai's Guoxin Shuangbai No.1 plans to reduce holdings by no more than 0.5% [1] - Funeng Technology's Shenzhen Anyan Investment plans to reduce holdings by no more than 1% [1] - Ankang Technology's Shenzhen High-tech Investment plans to reduce holdings by no more than 3% [1] - Donglai Technology plans to reduce no more than 1.2048 million repurchased shares [1] - Qujiang Cultural Tourism's controlling shareholder's 12 million shares are set to be auctioned [1] - Hesheng Silicon Industry's controlling shareholder plans to exchange no more than 1% of shares for ETF shares [1] Contract Awards - Boshi Co. signed an outsourcing service contract worth 109 million yuan with Guangxi Petrochemical [1] - Zhongyou Engineering's subsidiary signed a contract worth 294 million USD for the Atavi GMP pipeline project with Total Energy [1] - China Electric Power Construction's subsidiary signed a mining transportation project contract worth approximately 5.063 billion yuan [1] Other Developments - Xingxin New Materials plans to invest in a project with an annual output of 153,000 tons of polyolefin amine series products [4] - Haishun New Materials plans to acquire Sirewen Company to expand the application of electronic film materials in the semiconductor field [4] - Wankai New Materials is undergoing production reduction and maintenance, which is expected to significantly impact overall operating performance [4] - Donghu High-tech is participating in the establishment of the Donggao Frontier Phase II Fund to improve the development model of the park operation sector [4] - Jiete Biological plans to participate in the establishment of an industrial fund primarily investing in early and mid-stage biopharmaceutical projects [4] Asset Sales - Nord Shares plans to sell 70% equity of its wholly-owned subsidiary Jiangsu Lianxin for 70 million yuan [5]

Group 1 - Shengde Xintai won a bid for a thermal power steel pipe project worth approximately 217 million yuan, accounting for 8.15% of its audited revenue for 2024 [1] - High-speed Electric's subsidiary won a project for the Shanghai-Nanjing-Hefei high-speed railway, with a bid amount of 71.76 million yuan [1] - Cangge Mining's subsidiary received a construction permit for a lithium-boron mining project, with a construction area of 106,900 square meters [2] Group 2 - China Electric Power Construction signed a mining transportation project contract in Guinea worth approximately 5.063 billion yuan, with a total duration of about 72 months [3] - Guobang Pharmaceutical's subsidiary completed the registration of an equity investment fund focusing on strategic emerging industries [4] - Deshi Co. obtained two invention patents related to oil and gas field development [5][26] Group 3 - Xue Tian Salt Industry expects a significant decrease in net profit for the first half of 2025, projecting a decline of 76.34% to 80.29% [6] - Rundu Co. received a drug registration certificate for moxifloxacin hydrochloride tablets, used for treating various bacterial infections [7] - China Nuclear Power reported a 15.65% increase in power generation in the first half of the year, with nuclear power generation up by 12.01% [8] Group 4 - Suqian Liansheng obtained two invention patents related to wastewater treatment methods [9] - Boshi Co. signed a 109 million yuan operation and maintenance service contract for solid product packaging [11] - *ST Sailong's subsidiary received a drug registration certificate for torasemide injection, used for various medical conditions [13] Group 5 - North Bay Port reported a 10.95% increase in cargo throughput for the first half of 2025, with container throughput also showing growth [14] - Kaiwei Te expects a revenue increase of 56.17% to 90.87% for the first half of 2025 [15] - Wankai New Materials plans to reduce production and conduct maintenance on 60,000 tons of PET capacity, affecting overall performance [16] Group 6 - Haiwang Bio's HW130 injection successfully completed Phase I clinical trials, showing good safety and tolerability [19] - Zhenai Meijia received a total of 22.8 million yuan in compensation for land acquisition, which will significantly impact its 2025 performance [20] - Changyuan Electric reported a 23.58% decrease in power generation in June, with a notable decline in thermal power generation [21] Group 7 - Shouxiangu's subsidiary completed the registration of two health food products [22] - Kailun Co. announced the resignation of its deputy general manager and board secretary [23] - Xibu Muye reported a 2.15% year-on-year increase in fresh milk production in June [24] Group 8 - Deshi Co. obtained two invention patents related to oil and gas field development [26] - Jingwei Huikai plans to acquire a 12.44% stake in Nuo Si Micro for 149 million yuan [27] - Electric Alloy completed the registration of its subsidiary in Mexico [29] Group 9 - Meinuohua expects a net profit increase of 142.84% to 174.52% for the first half of 2025 [30] - Guizhou Moutai repurchased approximately 3.38 million shares, accounting for 0.2692% of its total share capital [31][32] - Warner Pharmaceutical received approval for the listing application of a raw material drug for treating respiratory diseases [34] Group 10 - Yuan Dong Bio's independent director is under investigation for serious violations [35] - Dash Intelligent signed a contract for a smart project worth 11.88 million yuan [36] - Dayou Energy plans to transfer 586,500 tons of coal production capacity replacement indicators [37] Group 11 - Foton Motor reported a 150.96% increase in new energy vehicle sales in the first half of 2025 [39] - Renfu Pharmaceutical's shareholder plans to increase its stake by 1% to 2% [40] - Zongshen Power expects a net profit increase of 70% to 100% for the first half of 2025 [42] Group 12 - Yingboer plans to sell its wholly-owned subsidiary for 239 million yuan [44] - Changan Automobile reported a 1.59% increase in total vehicle sales in the first half of 2025 [46] - Fulian Precision signed a cooperation framework agreement with Sichuan Development Longmang [48] Group 13 - Nengte Technology plans to repurchase shares worth 300 million to 500 million yuan [50] - Longsoft Technology's controlling shareholder donated 3.43% of the company's shares [51] - Data Port's shareholders plan to reduce their holdings by up to 2% [52]