证券日报网讯 长源电力（000966）9月1日在互动平台回答投资者提问时表示，目前公司生产经营情况 正常，不存在应披露而未披露的信息，公司若策划重大交易事项，将按规定及时履行审批和信息披露程 序，具体请以公司在指定媒体披露的信息为准。 ...

证券日报网讯 长源电力（000966）9月1日在互动平台回答投资者提问时表示，公司于2024年12月完成 了向特定对象发行股票项目，并成功引进了部分长期股东，长期股东的引进有利于优化公司股权结构， 进一步提升公司治理的稳定性。同时，公司将积极落实证监会和国资委部署，强化市值管理工作，充分 维护股东权益，增进长源电力的市场认同和价值实现。 ...

Group 1 - The core viewpoint of the articles indicates that the company is experiencing a decline in revenue and profitability in the first half of 2025, primarily due to increased competition from renewable energy sources and changes in electricity trading policies [1][2][4] - In 1H25, the company reported a revenue of 6.614 billion yuan, a year-on-year decrease of 16.76%, and a net profit attributable to shareholders of 94.82 million yuan, a year-on-year decrease of 78.83% [1] - The company's coal-fired power generation segment saw a net profit of 316 million yuan in 1H25, down 34.9% year-on-year, with a generation volume decrease of 8.8% to 14.69 billion kWh [2] Group 2 - The company’s photovoltaic power generation increased by 21.7% year-on-year to 1.26 billion kWh in 1H25, while wind power generation decreased by 12.1% to 201 million kWh [3] - The overall net profit from the company's renewable energy projects was negative 93 million yuan in 1H25, compared to a profit of 68 million yuan in the same period last year [3] - The company plans to start new renewable energy projects totaling 200,000 kW and expects to put into operation 300,000 kW in 2025 [3] Group 3 - The target price for the company's stock is set at 5.32 yuan, maintaining an "overweight" rating despite downward adjustments in capacity and profit expectations for 2025-2026 [4] - The company’s expected net profit for 2025 is revised down to 428 million yuan, a decrease of 66.8% from previous estimates [4] - The company is backed by the National Energy Group, which provides stability in coal supply contracts, contributing to a relatively strong profitability in coal-fired power generation [4]

Core Viewpoint - Longyuan Power (000966) is focusing on enhancing its market recognition and value realization through various strategies, including improving operational performance, increasing dividend ratios, and enhancing ESG capabilities [1]. Group 1: Company Performance - As of August 27, 2025, Longyuan Power's stock closed at 4.6 yuan, down 1.71%, with a turnover rate of 2.36%, a trading volume of 770,000 shares, and a transaction value of 361 million yuan [1]. - On the same day, the net outflow of main funds was 939.97 million yuan, while retail investors saw a net inflow of 1,491.02 million yuan [2]. Group 2: Strategic Initiatives - The company successfully introduced some long-term shareholders through a specific stock issuance project completed in December 2024 [1]. - Longyuan Power plans to focus on the transformation and upgrading of traditional industries, prioritize wind power development, and selectively develop solar energy to enhance core competitiveness and promote sustainable high-quality growth [1].

【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com 格隆汇8月26日｜A股开盘，沪指低开0.31%，深证成指低开0.34%，创业板指低开0.57%。盘面上，卫星 导航板块盘初活跃，开普云2连板，陕西华达20cm涨停，消息称相关部门近期将会发放卫星互联网牌 照；电力股普涨，湖南发展(000722)涨超5%，长源电力(000966)涨超4%；半导体板块调整，盛科通信跌 近8%，寒武纪、芯原股份跌超5%；白酒股普遍低开，酒鬼酒(000799)、古井贡酒(000596)跌超2%。(格 隆汇) (责任编辑：宋政 HN002) ...

Group 1 - The core viewpoint of the report indicates that Changyuan Power (000966.SZ) experienced a significant decline in both revenue and net profit for the first half of 2025, with revenue decreasing by 16.76% to 6.614 billion yuan and net profit dropping by 78.83% to 94.82 million yuan [1] - The company's net profit attributable to shareholders after deducting non-recurring gains and losses fell by 83.40% to 72.70 million yuan, with basic earnings per share reported at 0.0272 yuan [1] Group 2 - During the reporting period, the total power generation was 16.715 billion kilowatt-hours, reflecting a decrease of 8.30% year-on-year, with thermal power generation down by 8.83% to 14.690 billion kilowatt-hours, hydropower down by 33.89% to 0.564 billion kilowatt-hours, and wind power down by 12.11% to 0.201 billion kilowatt-hours [2] - In contrast, solar power generation increased by 21.70% to 1.260 billion kilowatt-hours [2] - The average on-grid electricity price (excluding tax) was 387.81 yuan per megawatt-hour, a decrease of 32.26 yuan per megawatt-hour compared to the previous year [2] - The decline in thermal power generation was primarily due to the rapid growth of installed capacity and generation from renewable energy sources within the province, as well as an increase in electricity purchases from outside the province, which squeezed the generation capacity of thermal power [2] - The decrease in hydropower generation was attributed to lower water inflow in the province during the first half of the year, while the reduction in wind power generation was linked to lower wind speeds compared to historical averages [2] - As of the end of June, the installed capacity of renewable energy sources grew by 28% year-on-year, and inter-provincial electricity imports increased by 45%, significantly impacting the generation space of existing power plants [2] - Changes in trading policies in Hubei province allowed centralized renewable energy to fully enter the market, replacing guaranteed consumption with medium- and long-term trading mechanisms, which introduced spot pricing linked to market supply and demand, affecting overall pricing [2]

Core Insights - The company reported a significant decline in revenue and net profit for the first half of 2025, indicating financial challenges [1][2] Financial Performance - The company's operating revenue was 6.614 billion yuan, a year-on-year decrease of 16.76% [1] - Net profit attributable to shareholders was 94.8221 million yuan, down 78.83% year-on-year [1] - The net profit excluding non-recurring gains and losses was 72.7002 million yuan, reflecting an 83.40% decrease year-on-year [1] - Basic earnings per share were 0.0272 yuan [1] Power Generation - Total power generation was 16.715 billion kWh, a decrease of 8.30% year-on-year [2] - Thermal power generation was 14.690 billion kWh, down 8.83% year-on-year [2] - Hydropower generation was 564 million kWh, a significant decline of 33.89% year-on-year [2] - Wind power generation was 201 million kWh, decreasing by 12.11% year-on-year [2] - Solar power generation increased to 1.260 billion kWh, showing a growth of 21.70% year-on-year [2] Heat Supply and Pricing - The total heat supply was 10.9889 million GJ, down 6.61% year-on-year [2] - The average on-grid electricity price (excluding tax) was 387.81 yuan per MWh, a decrease of 32.26 yuan per MWh year-on-year [2] Market Dynamics - The decline in thermal power generation was primarily due to rapid growth in installed capacity and generation from renewable energy sources, as well as increased electricity purchases from outside the province [2] - The drop in hydropower generation was attributed to lower water levels in the province during the first half of the year [2] - Wind power generation decreased due to lower wind speeds compared to historical averages [2] - The overall electricity market in Hubei province is experiencing an oversupply situation, influenced by a 28% year-on-year increase in renewable energy installed capacity and a 45% year-on-year increase in inter-provincial electricity imports [2] - Recent policy changes in Hubei province have allowed centralized renewable energy to enter the market, affecting overall pricing mechanisms [2]

Core Viewpoint - Changyuan Power reported a significant decline in both revenue and net profit for the first half of 2025, indicating challenges in the energy sector [1] Financial Performance - The company achieved an operating revenue of 6.614 billion yuan, a year-on-year decrease of 16.76% [1] - The net profit attributable to shareholders was 94.8221 million yuan, down 78.83% compared to the previous year [1] - Basic earnings per share were 0.03 yuan [1] Generation Capacity - Total electricity generation was 16.715 billion kWh, reflecting a decrease of 8.30% year-on-year [1] - Thermal power generation amounted to 14.690 billion kWh, down 8.83% [1] - Hydropower generation was 0.564 billion kWh, a decline of 33.89% [1] - Wind power generation reached 0.201 billion kWh, decreasing by 12.11% [1] - Photovoltaic power generation increased to 1.260 billion kWh, showing a growth of 21.70% [1] Heat Supply - The total heat supply was 10.9889 million GJ, which is a decrease of 6.61% year-on-year [1]

格隆汇8月22日｜长源电力公告，2025年上半年营业收入66.14亿元，同比下降16.76%。净利润9482.21 万元，同比下降78.83%。公司计划不派发现金红利，不送红股，不以公积金转增股本。 ...

证券代码：000966 证券简称：长源电力 公告编号：2025-057 国家能源集团长源电力股份有限公司 第十届董事会第三十五次会议决议公告 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。 一、董事会会议召开情况 公司第十届董事会第三十五次会议于 2025 年 8 月 21 日在湖北省武汉市洪山 区徐东大街 63 号国家能源大厦 2 楼会议室以现场结合网络视频方式召开。会议通 知于 2025 年 8 月 7 日以专人送达或邮件方式发出。会议应到董事 8 人，实到 8 人， 其中王冬董事、郑峰董事、汤湘希董事现场出席会议，刘晋冀董事、王娟董事、 李亮董事、王宗军董事、张红董事通过网络视频参加会议。会议由公司董事长王 冬先生主持，公司高级管理人员列席了会议。本次董事会会议的召开符合有关法 律、行政法规、部门规章、规范性文件和《公司章程》的规定。 二、董事会会议审议情况 会议经举手投票表决，作出以下决议： 1. 审议通过了《关于＜公司 2025 年半年度报告及摘要＞的议案》 公司董事会审计与风险委员会对该议案进行了审议，并发表了相关意见。 表决结果：8 票同意，0 ...