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、本次股东会未出现否决提案的情形。 2、本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）召开时间： 证券代码：001896 证券简称：豫能控股 公告编号：临 2025-53 河南豫能控股股份有限公司 2025 年第四次临时股东会决议公告 （六）本次会议的召集、召开和表决程序符合有关法律、行政法规、部门规 章、规范性文件和《公司章程》的规定。 （七）股东及股东代理人参加本次股东会现场会议和网络投票表决的共计 603 人，代表股份 957,047,207 股，占公司有表决权股份总数的 62.7251%。其中 出席现场会议的股东及股东代理人 1 人，代表股份 943,700,684 股，占公司有表 决权股份总数的 61.8503%；参加网络投票的股东 602 人，代表股份 13,346,523 股，占公司有表决权股份总数 0.8747%。 现场会议召开时间为：2025 年 10 月 10 日 15:00 （八）出席会议的还有：独立董事叶建华，副总经理刘中显、郝笑辰，总会 1 计 ...

证券代码：001896 证券简称：豫能控股 公告编号：临 2025-54 河南豫能控股股份有限公司 第九届董事会第二十八次会议决议公告 为进一步聚焦煤炭贸易主业，集中优势资源发展核心主营业务，公司全资子 公司河南煤炭储配交易中心有限公司拟将其所持河南豫煤数字港科技有限公司 100%股权转让给河南投资集团工程管理有限公司，转让价格为 5,200.00 万元。 由于受让方河南投资集团工程管理有限公司系公司控股股东河南投资集团 有限公司的全资子公司，本次股权转让事项构成关联交易。 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 1.河南豫能控股股份有限公司（以下简称"公司"）第九届董事会第二十八 次会议召开通知于 2025 年 9 月 30 日以书面形式发出。 2.2025 年 10 月 10 日会议在郑州市农业路东 41 号投资大厦 A 座 2507 会议 室以现场结合通讯表决方式召开。 3.本次会议应出席会议董事 7 人，董事长余德忠，董事李军、王璞、贾伟东 和独立董事史建庄、叶建华、赵剑英共 7 人出席了会议。其中董事李军、王璞、 贾伟 ...

Core Insights - YN Holdings has seen a stock price increase of 6.23% on October 9, reaching 5.80 CNY per share, with a trading volume of 327 million CNY and a turnover rate of 3.82%, resulting in a total market capitalization of 8.85 billion CNY [1] - The stock has experienced a cumulative increase of 6.43% over the past three days [1] Company Overview - YN Holdings, established on November 25, 1997, and listed on January 22, 1998, is located in Zhengzhou, Henan Province [1] - The company's main business involves power generation, with revenue composition as follows: thermal power and heating (90.26%), coal sales and transportation (3.60%), wind power (2.51%), other (2.43%), and solar power (1.19%) [1] Shareholder Insights - Among the top ten circulating shareholders of YN Holdings, a fund under GF Fund ranks, specifically the GF CSI All-Share Power ETF (159611), which reduced its holdings by 347,200 shares, now holding 2.5458 million shares, accounting for 0.17% of circulating shares [2] - The ETF has generated a floating profit of approximately 865,600 CNY today and 840,100 CNY during the three-day stock price increase [2] Fund Manager Information - The fund manager of GF CSI All-Share Power ETF is Lu Zhiming, who has a cumulative tenure of 14 years and 133 days [3] - The fund's total asset size is 24.629 billion CNY, with the best return during the tenure being 119.61% and the worst being -63.28% [3]

河南豫能控股股份有限公司 关于 2025 年度主体信用评级结果的公告 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。 证券代码：001896 证券简称：豫能控股 公告编号：临 2025-52 特此公告。 河南豫能控股股份有限公司 董 事 会 2025 年 10 月 9 日 河南豫能控股股份有限公司（以下简称"公司"）委托信用评级机构中诚信 国际信用评级有限责任公司（以下简称"中诚信"）对公司 2025 年度主体信用 状况进行了评级。 中诚信在对公司生产经营状况、宏观经济和政策环境、行业发展情况进行综 合分析与评估的基础上，出具了《2025 年度河南豫能控股股份有限公司信用评 级报告》，评定公司主体信用等级为 AA+，评级展望为稳定，评级结果自 2025 年 9 月 29 日至 2026 年 9 月 29 日有效。 ...

Market Overview - The electricity sector experienced a decline of 0.19% on the trading day, with Lianmei Holdings leading the drop [1] - The Shanghai Composite Index closed at 3882.78, up 0.52%, while the Shenzhen Component Index closed at 13526.51, up 0.35% [1] Stock Performance - Notable gainers in the electricity sector included: - Hengtong Co., Ltd. (600226) with a closing price of 4.70, up 7.55% [1] - Shanghai Electric (600021) at 21.16, up 7.52% [1] - ST Yinda (300125) at 8.88, up 6.35% [1] - Lianmei Holdings (600167) was the biggest loser, closing at 9.05, down 9.95% [2] Trading Volume and Value - Hengtong Co., Ltd. had a trading volume of 1.477 million shares and a transaction value of 681 million yuan [1] - Shanghai Electric recorded a trading volume of 1.747 million shares with a transaction value of 359.5 million yuan [1] - Lianmei Holdings had a trading volume of 882,100 shares and a transaction value of 824 million yuan [2] Capital Flow - The electricity sector saw a net outflow of 984 million yuan from institutional investors, while retail investors contributed a net inflow of 735 million yuan [2] - The capital flow for key stocks showed: - Shanghai Electric had a net inflow of 395 million yuan from institutional investors [3] - ST Yinda experienced a net inflow of 19.5 million yuan from institutional investors [3]

Overview - Henan YN Holdings Co., Ltd. has announced the repurchase of 6.17% equity in Henan Coal Trading Center from the National Development Fund for 50 million yuan, making the trading center a wholly-owned subsidiary [2][3]. Progress - On August 28, 2025, a share transfer agreement was signed, and the company paid the agreed 50 million yuan for the equity repurchase [3]. - By September 28, 2025, the Henan Coal Trading Center completed its business registration changes and obtained the business license, officially becoming a wholly-owned subsidiary of the company [3]. Business License Details - The business license for Henan Coal Trading Center includes the following: - Company Name: Henan Coal Trading Center Co., Ltd. - Unified Social Credit Code: 9141060034949068XP - Type: Limited Liability Company (wholly owned by a legal entity) - Address: Henan Province, Hebi City, Heshan District, Hanlin Stream Industrial Park - Legal Representative: Zhou Tao - Registered Capital: 81.015 million yuan - Established Date: July 29, 2015 - Business Scope: Includes coal sales, domestic freight forwarding, general cargo warehousing, import and export of goods, and various sales related to renewable energy and machinery [4][5].

Group 1 - The company announced a board meeting scheduled for August 26, 2025, to approve the repurchase of a 6.17% stake in Henan Coal Storage and Distribution Trading Center Co., Ltd. from the National Development Fund [1] - The repurchase amount is set at 50 million yuan, and the transaction is to be completed by September 1, 2025 [1] - Following the completion of the repurchase, Henan Coal Storage and Distribution Trading Center will become a wholly-owned subsidiary of the company [1] Group 2 - On August 28, 2025, a share transfer agreement was signed between the National Development Fund, the company, and Henan Coal Storage and Distribution Trading Center [1] - The company has already paid the agreed repurchase amount of 50 million yuan to the National Development Fund [1] - The business registration change was completed on September 28, 2025, and the company received the electronic and paper business licenses from the market supervision administration [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。 一、情况概述 河南豫能控股股份有限公司（以下简称"公司""豫能控股"）于 2025 年 8 月 26 日召开第九届董事会第二十六次会议，会议审议通过了《关于回购国开 基金持有豫煤交易中心股权的议案》，同意根据 2015 年 9 月签订的《国开发展 基金投资合同》约定，公司于 2025 年 9 月 1 日前以 5,000 万元回购国开发展基 金有限公司持有的公司控股子公司河南煤炭储配交易中心有限公司（以下简称 "豫煤交易中心"）6.17%股权，回购后豫煤交易中心将成为公司全资子公司。 详见刊载于巨潮资讯网 http://www.cninfo.com.cn 和《证券时报》《上海证券报》 的《关于回购国开基金持有豫煤交易中心股权的公告》（公告编号：临 2025-44）。 证券代码：001896 证券简称：豫能控股 公告编号：临 2025-51 河南豫能控股股份有限公司 关于回购国开基金持有豫煤交易中心股权的进展公告 统一社会信用代码：9141060034949068XP 类型：有限责任公司（非自然人投资或控股的法人独资 ...

Core Viewpoint - YN Holdings has shown a mixed performance in stock price, with a year-to-date increase of 26.27% but a recent decline over the past 20 days, indicating volatility in investor sentiment [2]. Group 1: Stock Performance - As of September 26, YN Holdings' stock price increased by 2.14% to 5.24 CNY per share, with a trading volume of 41.47 million CNY and a turnover rate of 0.53%, resulting in a total market capitalization of 7.995 billion CNY [1]. - Year-to-date, YN Holdings' stock has risen by 26.27%, with a 1.75% increase over the last five trading days, a 5.59% decrease over the last 20 days, and a 6.94% increase over the last 60 days [2]. Group 2: Financial Performance - For the first half of 2025, YN Holdings reported operating revenue of 5.284 billion CNY, a year-on-year decrease of 13.90%, while net profit attributable to shareholders increased by 340.71% to 103 million CNY [2]. - The company has cumulatively distributed 447 million CNY in dividends since its A-share listing, with no dividends paid in the last three years [3]. Group 3: Shareholder Information - As of June 30, 2025, YN Holdings had 60,600 shareholders, a decrease of 2.85% from the previous period, with an average of 25,197 circulating shares per shareholder, an increase of 2.94% [2]. - The second-largest circulating shareholder is Hong Kong Central Clearing Limited, holding 8.2004 million shares, an increase of 789,700 shares from the previous period [3].

Core Insights - The recent auction results for renewable energy prices in Shandong Province have raised concerns among investors regarding the profitability of solar and wind projects, with solar prices dropping to 0.225 yuan/kWh and wind prices at 0.319 yuan/kWh, both significantly lower than expected [1][3][4] - The mechanism price is part of a new pricing system aimed at stabilizing revenue for renewable energy projects, but the low auction results indicate a potential shift in investment dynamics within the sector [1][2][3] Group 1: Auction Results and Market Reactions - The auction results revealed a mechanism price of 0.225 yuan/kWh for solar projects, with an 80% mechanism volume ratio, and 0.319 yuan/kWh for wind projects, with a 70% mechanism volume ratio, indicating a significant drop in expected returns [3][4] - Industry reactions to the low prices have been mixed, with some anticipating the price drop due to high competition among bidders, while others express disappointment as they had hoped for prices that would allow for profitability [3][4] - The mechanism price represents a 43% decrease for solar and a 19.2% decrease for wind compared to the benchmark coal price of 0.3949 yuan/kWh, highlighting the impact on new projects' profitability [4] Group 2: Policy Changes and Investment Dynamics - Recent policy changes from the National Development and Reform Commission and the National Energy Administration aim to accelerate the construction of the electricity spot market and promote new energy consumption, indicating a shift in investment models for renewable energy [2][5] - The low mechanism prices signal that the market may not require as many solar investors in the short term, suggesting a strategic shift towards wind energy projects [5] - The competitive landscape is changing, with many investors submitting low bids to secure project approvals, reflecting a challenging environment for maintaining profitability in solar energy investments [4][5] Group 3: Future Outlook and Strategic Adjustments - The current low mechanism prices may not become the norm, as the tight timeline for project approvals and the potential for even lower market prices could lead to greater losses for investors [5][6] - Industry experts suggest that to improve the situation, policies may need to allow for more flexible timelines and encourage companies to withdraw from unprofitable projects, which could fundamentally alter supply and demand dynamics [5][6] - The focus for future market development is expected to shift towards high-quality projects, with cost control becoming increasingly important for profitability in regions with less competitive solar markets [5][6]