Group 1: Market Overview - In Guizhou Province, hydropower accounts for approximately 20% of the total electricity generation, while thermal power constitutes the majority, and wind power is less than 1% [2] - The hydropower projects in Guizhou Province are nearly fully developed [3] Group 2: Company Development Plans - The company plans to continue focusing on hydropower generation, analyzing the internal trends of the power industry and regional economic characteristics [3] - The installed capacity of the Mamiya Hydropower Station is 558,000 kW, and the Shannipo Hydropower Station has an installed capacity of 185,500 kW, both expected to commence operations this year [3] Group 3: Pricing and Financials - The on-grid electricity price for Dongqing Hydropower Station is 0.3260 CNY/kWh, while Yutang and Qingxi Hydropower Stations have an on-grid price of 0.2724 CNY/kWh [4] - The company currently has no plans for a new share issuance [4] Group 4: Competitive Advantages - Since its listing, the company has focused on hydropower construction and development, accumulating rich experience in management and personnel [4] - The company benefits from support by its major shareholder, China Huadian Corporation [4]

Group 1: Company Performance and Projections - The estimated net profit for the year is projected to be between 250 million and 330 million CNY [3] - As of November 2015, the total electricity generation has reached 9.69 billion kWh [2] - The company does not have any plans for additional unit installations in 2016-2017 [3] Group 2: Operational Details - The company has recently put into operation the Shanni Slope (185.5 MW) and Mamaya Hydropower (558 MW) [3] - The average unit water resource cost is approximately 0.7 cents per kWh [3] - The electricity price for Mamaya Hydropower is set at 0.3526 CNY per kWh, while the price for Shanni Slope is yet to be determined [3] Group 3: Shareholding and Financing - Huadian Group and Wujiang Company hold a combined stake of 25.98% in the company [3] - Currently, there are no plans for asset injections [3] - The company has no immediate refinancing needs [3] Group 4: Market Position - Hydropower capacity in Guizhou Province accounts for approximately one-third of the total installed capacity [3] - The company has fully absorbed its electricity output and does not engage in direct electricity purchase business [3] Group 5: Financial Strategy - The company has initiated financing lease operations to optimize its short-term debt structure, effectively reducing financial costs [4]

证券代码：002039 证券简称：黔源电力 贵州黔源电力股份有限公司投资者关系活动记录表 编号：2016001 | --- | --- | --- | |-------------------|--------------------------------|-----------------------------------------------------| | | | | | 投资者关系 | 特定对象调研 | □ 分析师会议 | | 活动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名 | 中信建投证券股份有限公司：万炜 | | | 称及人员姓 | | | | 名 | | | | 时间 | 2016 年 06 月 24 | 日 | | 地点 | 黔源大厦办公室 | | | 上市公司接 | 证券事务代表：石海宏 | | | 待人员姓名 | | | | 投资者关系 | 1 、目前水位 ?2016 | 年预计发电量？ | | 活动主要内 容介绍 | 答：光照电站目 ...

证券代码：002039 证券简称：黔源电力 贵州黔源电力股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------|----------------------------------|------------------------------------------------------| | | | | | 投资者关系 | 特定对象调研 | □ 分析师会议 | | 活动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名 | 长沙明爵资产管理有限公司：张振华 | | | 称及人员姓 | | | | 名 | | | | 时间 | 2019 年 10 月 25 | 日 | | 地点 | 董箐电站 | | | 上市公司接 | 证券事务代表：石海宏 | | | 待人员姓名 | | | | 投资者关系 | 1 、董箐电站的一些基本情况？ | | | 活动主要内 容介绍 | 董箐电站装机容量为 | 880MW(4×220 ...

证券代码：002039 证券简称：黔源电力 贵州黔源电力股份有限公司投资者关系活动记录表 编号：2019001 | --- | --- | --- | |------------|------------------------------|----------------------------------------------| | | | | | 投资者关系 | 特定对象调研 | □ 分析师会议 | | 活动类别 | □ 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参与单位名 | 长江证券股份有限公司：金宁 | | | 称及人员姓 | 海通证券股份有限公司：张磊 | | | 名 | 民生证券股份有限公司：俞鹏程 | | | | | 海南旭日盛德资产管理有限公司：杜小东、刘相奎 | | 时间 | 2019 年 6 月 11 | 日—6 月 12 日 | | 地点 | 董箐电站、黔源大厦办公室 | | | 上市公司接 | 总经理：罗涛 | | | 待人员姓名 | 副总经理兼董事会秘书 ...

证券代码：002039 证券简称：黔源电力 贵州黔源电力股份有限公司投资者关系活动记录表 编号：2021-002 | --- | --- | --- | |------------|------------------------------|---------------------------------------------------------------------------------------------------------------------------| | | | | | 投资者关系 | □ 特定对象调研 | □ 分析师会议 | | 活动类别 | 媒体采访 | □ 业绩说明会 | | | □ 新闻发布会 | □ 路演活动 | | | □ 现场参观 | | | | □ 其他 | | | 参与单位名 | 证券日报：王鹤、汤韬滔 | | | 称及人员姓 | | | | 名 | | | | 时间 | 2021 年 1 月 27 日 | | | 地点 | 问题回复（非现场方式） | | | 上市公司接 | 副总经理兼董秘：杨焱 | | | 待人员姓名 | | | | 投资者关系 | ...

Group 1: Company Transformation and Strategy - The company's transformation is driven by China's "14th Five-Year" energy plan and the goal of achieving carbon neutrality by 2060, as proposed by President Xi Jinping at the 75th UN General Assembly [4] - As a clean energy company primarily focused on hydropower, all of Qianyuan Power's hydropower projects were operational by 2015, positioning the company to leverage the transition to high-quality economic development during the "14th Five-Year" period [4] - The company plans to develop photovoltaic projects in the Beipan River area to complement hydropower, enhancing efficiency and establishing a high-quality clean energy enterprise [4] Group 2: Collaboration with Local Governments - Qianyuan Power has established a solid cooperation foundation with the governments of Zhenning County and Guanling County, which are located in the Beipan River basin, an area with favorable solar resources [4] - The company has successfully completed three photovoltaic projects in these counties and aims to deepen cooperation based on a strategic framework agreement signed with the Guizhou provincial government [4] Group 3: Photovoltaic Project Insights - The estimated utilization hours for photovoltaic projects in Guizhou are around 1,000 hours, indicating a relatively good solar resource in the region [4] - The company is constructing the first river basin-level hydropower and photovoltaic complementary renewable energy base in the country, leveraging existing hydropower transmission channels and substations [5] Group 4: Financial Considerations and Market Factors - The investment return calculations for future grid parity projects are based on the decline in unit investment costs and other considerations, with a focus on technology advancement and cost reduction [5] - The impact of the "West-to-East Power Transmission" policy results in a reduction of 0.0276 CNY per kilowatt-hour on the approved grid price for electricity sent from Guizhou to Guangdong [5] - The water and fire power trading mechanism in Guizhou affects the electricity pricing, with a baseline electricity quantity of 2,710 hours for hydropower stations with an installed capacity of 50,000 kilowatts and above [5] Group 5: Capital Expenditure and Maintenance - Capital expenditures for maintenance and operation are determined based on equipment health and renewal cycles, with potential increases during the "14th Five-Year" period due to ecological flow requirements in the Yangtze and Pearl River basins [6] - The actual service life of equipment generally exceeds the depreciation period, which is directly related to the amount of electricity generated [6]

贵州黔源电力股份有限公司 2022 年第三季度报告 证券代码：002039 证券简称：黔源电力 公告编号：2022-039 贵州黔源电力股份有限公司 2022 年第三季度报告 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。 重要内容提示： 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、误导性陈述或重 大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信息的真实、准确、 完整。 3.第三季度报告是否经过审计 □是 否 1 贵州黔源电力股份有限公司 2022 年第三季度报告 会计政策变更的原因及会计差错更正的情况 一、主要财务数据 （一） 主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 是 □否 追溯调整或重述原因 会计政策变更 | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------- ...

贵州黔源电力股份有限公司 2022 年半年度报告全文 贵州黔源电力股份有限公司 2022 年半年度报告 2022-036 【2022 年 8 月 24 日】 1 贵州黔源电力股份有限公司 2022 年半年度报告全文 第一节 重要提示、目录和释义 公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容 的真实、准确、完整，不存在虚假记载、误导性陈述或者重大遗漏，并承担 个别和连带的法律责任。 公司负责人罗涛、主管会计工作负责人史志卫及会计机构负责人(会计主 管人员)曹华声明：保证本半年度报告中财务报告的真实、准确、完整。 所有董事均已出席了审议本报告的董事会会议。 本报告所涉及的未来计划、发展战略等前瞻性陈述不构成公司对投资者 的实质承诺，敬请投资者注意投资风险。 | --- | |-------------------------------------------------------------------| | | | 公司在本报告"第三节 管理层讨论与分析"中的"十、公司面临的风险 | | 和应对措施"部分，详细阐述了公司未来可能面临的主要风险及应对措施， | | 敬请广大投资者认真阅读相关 ...

贵州黔源电力股份有限公司 2022 年第一季度报告全文 证券代码：002039 证券简称：黔源电力 公告编号：2022-018 贵州黔源电力股份有限公司 2022 年第一季度报告 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。 重要内容提示: 1.董事会、监事会及董事、监事、高级管理人员保证季度报告的真实、准确、完整，不存在虚假记载、 误导性陈述或重大遗漏，并承担个别和连带的法律责任。 2.公司负责人、主管会计工作负责人及会计机构负责人(会计主管人员)声明：保证季度报告中财务信 息的真实、准确、完整。 3.第一季度报告是否经过审计 □ 是 √ 否 一、主要财务数据 (一)主要会计数据和财务指标 公司是否需追溯调整或重述以前年度会计数据 | --- | --- | --- | --- | |-----------------------------------------------------|-------------------|-------------------|---------------------------| | □ 是 √ 否 | 本报告 ...