Core Viewpoint - The stock of Min Dong Power has shown significant growth this year, with a notable increase in both share price and trading volume, indicating strong investor interest and potential for further appreciation [1][2]. Group 1: Stock Performance - Min Dong Power's stock price has increased by 29.34% year-to-date, with a 5.06% rise in the last five trading days, 10.20% in the last 20 days, and 3.95% in the last 60 days [2]. - As of October 31, the stock was trading at 10.80 CNY per share, with a market capitalization of 4.946 billion CNY [1]. Group 2: Trading Activity - The net inflow of main funds was 13.2017 million CNY, with large orders accounting for 26.34% of total buying and 15.00% of total selling [1]. - The stock has appeared on the "Dragon and Tiger List" once this year, with a net purchase of 81.9862 million CNY on April 28 [2]. Group 3: Company Overview - Min Dong Power, established on December 30, 1998, and listed on July 31, 2000, is primarily engaged in electricity production and development, focusing on hydropower and wind power [2]. - The company's revenue composition includes 88.20% from electricity sales, 8.58% from real estate sales, and 3.22% from other sources [2]. Group 4: Financial Performance - For the period from January to September 2025, Min Dong Power reported a revenue of 490 million CNY, reflecting an 8.81% year-on-year growth, and a net profit attributable to shareholders of 151 million CNY, up 32.38% year-on-year [2]. - The company has distributed a total of 246 million CNY in dividends since its A-share listing, with 91.5903 million CNY distributed over the last three years [3]. Group 5: Shareholder Information - As of October 20, the number of shareholders increased to 40,400, with an average of 10,871 circulating shares per person, a decrease of 1.02% from the previous period [2]. - Hong Kong Central Clearing Limited is the fourth-largest circulating shareholder, holding 2.4865 million shares, an increase of 959,800 shares from the previous period [3].

Summary of Key Points Core Viewpoint - On October 29, Hangzhou Oxygen Plant Co., Ltd. disclosed an increase in shareholding, while 11 A-share listed companies announced plans for share reductions [1][2]. Group 1: Shareholding Increases - Hangzhou Oxygen Plant received a stake increase from CITIC Financial Assets, raising its holding to 5% [2]. Group 2: Shareholding Reductions - Greenfield Machinery: Shareholder Shao Yutian plans to reduce holdings by no more than 3% [2]. - Jianghua Micro: Shareholder Yin Fuhua intends to reduce holdings by no more than 3% [2]. - Jiuzhou Group: Shareholders plan to collectively reduce holdings by no more than 1.88% [2]. - Guorui Technology: Shareholder Gong Ruiliang plans to reduce holdings by no more than 3% [2]. - Kairun Co., Ltd.: Shareholder Li Zhongren plans to reduce holdings by no more than 1.70% [2]. - Yingjixin: Shareholder plans to transfer 2.9% of company shares through inquiry [2]. - Mindong Electric: Shareholder Provincial Investment Group intends to reduce holdings by no more than 1% [2]. - WuXi AppTec: Shareholders controlled by the actual controller plan to reduce holdings by no more than 2% [2]. - Zhongwei Company: A dedicated repurchase account plans to reduce holdings by no more than 0.33% [2]. - Jinhua Co., Ltd.: Plans to reduce no more than 746.54 million shares that have been repurchased [2]. - Hechuan Technology: Bosch China intends to reduce holdings by no more than 3% [2].

Core Viewpoint - Fujian Mindong Electric Power Co., Ltd. announced that its major shareholder, Fujian Investment Development Group Co., Ltd., plans to reduce its stake by up to 4.5795 million shares, representing 1% of the total share capital, due to its own operational needs [1][4]. Shareholder Holdings and Historical Reduction Overview - As of the announcement, Fujian Investment Development Group holds 267 million shares, accounting for 5.83% of the total share capital. Prior to this reduction plan, the group had already reduced its holdings by 3.41 million shares between July 7 and August 11, 2025, at prices ranging from 10.70 to 11.91 yuan per share [2]. Key Details of the Reduction Plan - The reduction plan includes a maximum of 4.5795 million shares, with the reduction period set from November 20, 2025, to February 13, 2026. The method of reduction will be through centralized bidding, and the price will be determined by market conditions. The plan is subject to adjustments in case of any changes in share capital [3]. Commitment Fulfillment and Market Impact Analysis - The group previously committed to not transferring shares acquired through a private placement for 36 months, which has been fulfilled. The current reduction does not violate any prior commitments. If the reduction is fully executed, the group's stake will decrease to approximately 4.83%, remaining below 5%. The company will monitor the impact of the reduction on short-term stock prices and will fulfill its disclosure obligations [4][5].

证券代码：000993 证券简称：闽东电力 公告编号：2025 临-33 福建闽东电力股份有限公司 关于 5%以上股东减持股份的预披露公告 股东福建省投资开发集团有限责任公司保证向本公司提供的信息内容真实、 准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 特别提示：持有本公司股份 26,701,565 股（占公司总股本比例 5.83%）的 股东福建省投资开发集团有限责任公司计划在 2025 年 11 月 20 日至 2026 年 2 月 13 日以集中竞价方式减持本公司股份 4,579,514 股（占公司总股本比例 1%）。 福建闽东电力股份有限公司（以下简称"公司"或"闽东电力"）于 2025 年 6 月 6 日收到公司 5%以上股东福建省投资开发集团有限责任公司（以下简称 "省投集团"）《关于计划减持闽东电力股份的告知函》。现将有关情况公告如 下： 一、股东的基本情况 1、股东的名称：福建省投资开发集团有限责任公司 2、省投集团持有闽东电力股份 26,701,565 股（占闽东电力总股本比例 5.83%），本次减持计划前，2025 年 ...

Core Viewpoint - Min Dong Power (000993.SZ) reported a year-on-year increase in revenue and net profit for the first three quarters of the year, indicating strong financial performance and growth potential [1] Financial Performance - The company's operating revenue for the first three quarters reached 490 million yuan, representing a year-on-year growth of 8.81% [1] - The net profit attributable to shareholders of the listed company was 151 million yuan, showing a year-on-year increase of 32.38% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 140 million yuan, reflecting a year-on-year growth of 24.91% [1]

第九届董事会第十次临时会议决议公告 本公司及其董事会全体成员保证公告内容的真实、准确、完整，没有虚假记 载、误导性陈述或者重大遗漏。 一、董事会会议召开情况 1、发出董事会会议通知的时间和方式。 本次会议的通知于 2025 年 10 月 24 日以电话、电子邮件和传真 的方式发出。 证券代码：000993 证券简称：闽东电力 公告编号：2025 董-15 福建闽东电力股份有限公司 4、本次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 1、审议《公司 2025 年第三季度报告》； 具体内容详见同日披露的公司《2025 年第三季度报告》（公告编 号：2025 临-32）。 表决情况：同意 9 票，反对 0 票，弃权 0 票； 表决结果：议案通过。 2、召开董事会会议的时间、地点和方式。 福建闽东电力股份有限公司（以下简称"公司"）第九届董事会 第十次临时会议于 2025 年 10 月 27 日以通讯表决的方式召开。 3、董事出席会议的情况 本次会议应当参与表决的董事 9 名，实际参与表决的董事 9 名， 名单如下： 黄建恩、许光汀、陈胜、王静、陈强、黄山草、温 ...

Group 1 - The core point of the article is that Mindong Electric Power (SZ 000993) held a temporary board meeting on October 27, 2025, to review the company's Q3 2025 report and other documents [1] - For the first half of 2025, the revenue composition of Mindong Electric Power was as follows: 89.7% from the production and supply of electricity, steam, and hot water; 8.93% from real estate; and 1.37% from other sources [1] - As of the report date, the market capitalization of Mindong Electric Power is 5 billion yuan [1] Group 2 - The A-share market has surpassed 4000 points, marking a significant resurgence after a decade of stagnation, with technology leading the market's transformation into a new "slow bull" pattern [1]

Company Performance - In the third quarter of 2025, the company reported revenue of approximately 490 million yuan, representing a year-on-year increase of 8.81% [1] - The net profit attributable to shareholders was approximately 151 million yuan, showing a year-on-year increase of 32.38% [1] - The basic earnings per share were 0.33 yuan, which is a year-on-year increase of 32% [1] Market Context - The company's market capitalization is currently 5 billion yuan [2] - The A-share market has surpassed 4000 points, indicating a significant market resurgence after a decade of stagnation, with a new "slow bull" market pattern emerging [2]

Financial Performance - The company's operating revenue for the third quarter reached ¥201,467,888.83, representing a year-on-year increase of 15.68%[5] - Net profit attributable to shareholders for the third quarter was ¥80,297,779.11, up 31.86% compared to the same period last year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥80,414,028.61, reflecting a 32.27% increase year-on-year[5] - Basic earnings per share for the third quarter were ¥0.18, a rise of 38.46% compared to the same quarter last year[5] - Net profit for the current period was ¥154,913,829.87, representing a 36.3% increase from ¥113,758,615.08 in the previous period[17] - Earnings per share (EPS) for the current period was ¥0.33, compared to ¥0.25 in the previous period, indicating a 32.0% increase[17] Cash Flow and Liquidity - The net cash flow from operating activities for the year-to-date period increased by 63.27% to ¥226,308,348.18[5] - Cash flow from operating activities generated a net amount of ¥226,308,348.18, significantly higher than ¥138,608,382.44 from the previous period, marking a growth of 63.1%[19] - Total cash and cash equivalents at the end of the period reached $472,255,805.33, up from $313,413,400.56 at the beginning of the period[20] - The cash and cash equivalents increased by $123,438,936.13 during the period[20] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥3,760,350,924.40, marking a 2.88% increase from the end of the previous year[5] - The total assets of Fujian Mindong Electric Power Co., Ltd. reached CNY 3,760,350,924.40 as of September 30, 2025, an increase from CNY 3,654,997,186.67 at the beginning of the period[14] - Current assets totaled CNY 1,205,215,382.18, up from CNY 877,644,309.45 at the start of the period, indicating a significant increase in liquidity[13] - Total liabilities decreased to CNY 1,044,959,329.05 from CNY 1,101,273,884.99, indicating a reduction in financial obligations[14] - The total liabilities and equity reached ¥3,760,350,924.40, compared to ¥3,654,997,186.67, reflecting an increase of 2.9%[15] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 40,036[9] - The largest shareholder, Ningde State-owned Assets Investment Management Co., Ltd., holds a 47.31% stake in the company[9] - The equity attributable to shareholders at the end of the reporting period was ¥2,664,113,722.87, up 6.31% from the previous year-end[5] - The total equity of the company was CNY 2,715,391,595.35, reflecting a stable capital structure despite fluctuations in assets and liabilities[14] Operational Highlights - The company reported a significant increase in sales revenue from electricity and real estate, contributing to the overall profit growth[8] - The company reported a decrease in inventory from CNY 223,658,122.46 to CNY 210,127,620.92, indicating improved inventory management[13] Other Financial Metrics - Total operating revenue for the current period reached ¥489,848,386.10, an increase of 8.8% compared to ¥450,172,159.35 in the previous period[16] - Total operating costs amounted to ¥351,544,431.24, up from ¥334,864,550.12, reflecting a growth of 5.0%[16] - Investment income for the current period was ¥21,400,452.53, up from ¥18,937,199.30, showing a growth of 7.7%[16] - The company reported a significant increase in tax expenses, which rose to ¥29,066,493.94 from ¥21,355,017.47, an increase of 36.3%[17] - Other income increased to ¥5,233,859.78 from ¥4,407,912.68, reflecting a growth of 18.7%[16] Financing Activities - Net cash flow from financing activities was -$25,844,637.99, compared to $123,238,168.65 in the previous period[20] - Cash inflow from financing activities totaled $21,661,855.52, while cash outflow amounted to $47,506,493.51[20] - The company paid $33,037,169.67 for debt repayment and $8,579,609.84 for dividends and interest payments[20] Governance and Compliance - The third quarter financial report was not audited[21] - The company is set to implement new accounting standards starting in 2025[21] - The board of directors is led by Chairman Huang Jian'en[22]

Core Insights - The company reported a third-quarter revenue of 201 million yuan, representing a year-on-year increase of 15.68% [1] - The net profit for the third quarter was 80.2978 million yuan, showing a year-on-year growth of 31.86% [1] - For the first three quarters, the total revenue reached 490 million yuan, which is an 8.81% increase compared to the same period last year [1] - The net profit for the first three quarters amounted to 151 million yuan, reflecting a year-on-year growth of 32.38% [1]