Core Viewpoint - The announcement indicates that Changyuan Power's wholly-owned subsidiary, Qingshan Company, has awarded the EPC project for deep treatment of desulfurization wastewater to Guoneng Water, with a bid amount of 36.700368 million yuan. This transaction is classified as a related party transaction and does not require board or shareholder approval, as it does not constitute a major asset restructuring [1] Group 1 - The core objective of the project is to achieve zero discharge of desulfurization wastewater for Qingshan Company [1] - Since the beginning of the year until the disclosure date, the company has engaged in related party transactions totaling approximately 362 million yuan [1] - In the past 12 months, the company has recorded related party transactions amounting to 60.3862 million yuan that did not meet the standards [1]

Core Viewpoint - The announcement highlights that Changyuan Power's wholly-owned subsidiary, Guoneng Changyuan Wuhan Qingshan Thermal Power Co., Ltd., has won a bid for an EPC project focused on deep treatment of desulfurization wastewater, amounting to 36.7 million yuan [1] Group 1: Project Details - The project aims to achieve zero discharge of desulfurization wastewater at Qingshan Company [1] - Guoneng Water Environmental Protection Co., Ltd., an affiliated party, is the winning bidder for this project, indicating it constitutes a related party transaction for the company [1] Group 2: Environmental Impact - The implementation of this project is expected to effectively address the negative impacts of desulfurization wastewater on the efficiency of the desulfurization system and the safe operation of equipment [1] - The project aligns with the company's goals for clean production and supports the transition towards a green and low-carbon development direction [1]

Group 1 - The core point of the article is that Changyuan Power (000966) reported a total of 99,284 shareholders as of January 9, 2026 [1]

Core Viewpoint - The company, Changyuan Electric Power, aims to enhance its core competitiveness and support national energy construction through sustainable development and capital market integration since its listing in 2000 [1] Group 1: Company Objectives - The company focuses on sustainable and healthy development, actively participating in the new energy system and power structure [1] - Future initiatives include upgrading traditional industries, prioritizing wind power development, and exploring new energy storage solutions [1] - The company is committed to improving shareholder returns and enhancing its market value management through better operational performance and increased dividend ratios [1] Group 2: Market Performance - As of January 9, 2026, the company's stock closed at 4.33 yuan, with a 0.23% increase, a turnover rate of 0.55%, and a trading volume of 178,800 shares, amounting to a transaction value of 77.42 million yuan [1] - On the same day, there was a net outflow of 16.96 million yuan from institutional investors, while retail investors saw a net inflow of 12.69 million yuan [1]

Core Viewpoint - The company emphasizes its commitment to sustainable development and enhancing core competitiveness through capital markets since its listing in 2000 [2] Group 1: Company Strategy - The company aims to integrate into the new energy system and new power system construction, focusing on the transformation and upgrading of traditional industries and the quality development of emerging industries [2] - The company plans to prioritize the development of wind power, selectively develop solar energy, and explore new energy storage solutions [2] - The company intends to consolidate and expand comprehensive energy services to enhance core competitiveness and promote sustainable high-quality development [2] Group 2: Value Management - The company will actively respond to the regulatory bodies' directives on market value management, focusing on improving operational performance, increasing dividend ratios, and enhancing the quality of information disclosure [2] - The company aims to improve ESG capabilities, investor relations management, and corporate governance to protect the rights and interests of investors and shareholders [2]

Core Viewpoint - Changyuan Power is accelerating its green transformation by investing in renewable energy projects, specifically a new 100MW wind power project in Hubei Province, which aligns with national policies for high-quality development of renewable energy [1][2]. Group 1: Project Details - Changyuan Power plans to establish a new project company in Songzi City to invest 572 million yuan in the construction of the 100MW wind power project [1]. - The project will install 16 wind turbines, each with a capacity of 6.25MW, and will include an 80MW/160MWh electrochemical energy storage station [1]. - The project is expected to have a static total investment of 562 million yuan and a dynamic total investment of 572 million yuan, with an expected internal rate of return on capital of 7.33% [1]. Group 2: Strategic Importance - The investment is part of a broader strategy to enhance the proportion of clean energy in the company's energy mix, optimize its power generation structure, and increase revenue and profit post-commissioning [2]. - The project aligns with national strategies for carbon neutrality and energy security, emphasizing the need for a new energy system and power structure [2]. Group 3: Performance Metrics - In 2025, Changyuan Power reported a total electricity generation of 23.80 billion kWh, a decrease of 40.54% year-on-year, with a 43.39% drop in thermal power generation and a 25.79% increase in hydropower generation [2]. - The cumulative electricity generation for the year was 344.40 billion kWh, reflecting a 14.12% year-on-year decline, with thermal power down 16.60% and hydropower up 19.18% [2]. - The company has been actively investing in renewable projects, with approximately 2.9 billion yuan raised for 10 solar projects, most of which are on track for completion by the end of 2025 [2].

Core Viewpoint - Changyuan Power (000966) emphasizes its commitment to a compensation management system that aligns with company performance and sustainable development, adhering to regulatory requirements [1] Group 1: Compensation Management - The company implements a salary management system that matches total wage expenses and employee salary growth with economic performance [1] - Annual performance is linked to the company's yearly operational results, ensuring that compensation reflects business success [1] - Specific details regarding employee compensation for the year 2025 will be disclosed in the company's designated media through the "2025 Annual Report" [1]

Core Insights - The company, Changyuan Power (000966.SZ), reported a significant decrease in electricity generation for the year 2025, with a total output of 2.38 billion kilowatt-hours, representing a year-on-year decline of 40.54% [1] Group 1: Electricity Generation Breakdown - Thermal power generation decreased by 43.39% year-on-year [1] - Hydropower generation increased by 25.79% year-on-year [1] - New energy generation saw a slight decline of 4.22% year-on-year [1] Group 2: Cumulative Electricity Generation - For the full year of 2025, the cumulative electricity generation reached 34.44 billion kilowatt-hours, down 14.12% compared to the previous year [1] - Cumulative thermal power generation fell by 16.60% year-on-year [1] - Cumulative hydropower generation increased by 19.18% year-on-year [1] - Cumulative new energy generation experienced a modest growth of 0.77% year-on-year [1]

公司2025年1-12月累计完成发电量344.40亿千瓦时，同比降低14.12%。其中火电累计发电量同比降低 16.60%，水电累计发电量同比增长19.18%，新能源累计发电量同比增长0.77%。 智通财经APP讯，长源电力(000966.SZ)公告，2025年12月，公司完成发电量23.80亿千瓦时，同比降低 40.54%。其中火电发电量同比降低43.39%，水电发电量同比增长25.79%，新能源发电量同比降低 4.22%。 ...

格隆汇1月5日丨长源电力(000966.SZ)公布，2025年12月，公司完成发电量23.80亿千瓦时，同比降低 40.54%。其中火电发电量同比降低43.39%，水电发电量同比增长25.79%，新能源发电量同比降低 4.22%。公司2025年1-12月累计完成发电量344.40亿千瓦时，同比降低14.12%。其中火电累计发电量同 比降低16.60%，水电累计发电量同比增长19.18%，新能源累计发电量同比增长0.77%。 ...