| 变更事项 | 变更前 | 变更后 | | --- | --- | --- | | 注册资本 | 人民币 742,023,734 元 | 人民币 858,601,922 元 | 除以上变更外，公司营业执照其他登记事项未发生变更。《广东长青（集团） 股份有限公司章程》相关条款已同步完成变更。 特此公告。 广东长青（集团）股份有限公司董事会 证券代码：002616 证券简称：长青集团 公告编号：2025-089 广东长青（集团）股份有限公司 关于公司完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 根据广东长青（集团）股份有限公司（以下简称"公司"）召开的2025年第四 次临时股东大会相关决议（公告编号：2025-084），公司于近日在中山市市场监督 管理局完成了注册资本的变更登记，并领取了新的《营业执照》，具体变更情况如 下： 2025年12月10日 ...

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [1][4][8]. Core Views - The report highlights the ongoing development of the Guangdong electricity market for 2026, with a total market scale of approximately 680 billion kilowatt-hours and an annual trading cap of 420 billion kilowatt-hours [2][15]. - The report discusses the approval of a significant asset swap by Electric Power Investment Corporation, which involves the acquisition of 100% equity in Electric Power Nuclear and the issuance of shares to raise funds for nuclear power projects [3][21][22]. - The report emphasizes the importance of carbon neutrality, recommending investments in the new energy industry chain and integrated energy management [24]. Summary by Sections Market Review - The Shanghai Composite Index rose by 1.28%, while the public utility index increased by 0.12%, and the environmental index fell by 0.15% [1][14]. - Within the electricity sector, thermal power decreased by 0.20%, hydropower increased by 0.66%, and new energy generation rose by 1.09% [1][27]. Important Events - The Guangdong electricity market for 2026 is set to have a trading scale of about 680 billion kilowatt-hours, with specific allocations for nuclear power units [2][15]. - The asset swap by Electric Power Investment Corporation has been approved, with a transaction value of 55.39 billion yuan for the acquisition of Electric Power Nuclear [3][21]. Investment Strategy - Recommendations include major thermal power companies like Huadian International and regional power companies with stable pricing like Shanghai Electric [4][24]. - The report suggests investing in leading new energy companies such as Longyuan Power and Three Gorges Energy, as well as high-dividend hydropower stocks like Yangtze Power [4][24]. Key Company Earnings Forecasts - Huadian International is rated "Outperform" with an expected EPS of 0.49 yuan for 2024 and 0.62 yuan for 2025 [8]. - Electric Power Investment Corporation is also rated "Outperform," with an expected EPS of 0.19 yuan for 2024 and 0.26 yuan for 2025 [8]. Environmental Sector Insights - The report notes that the waste incineration industry is maturing, with improved free cash flow, and suggests focusing on "utility-like investment opportunities" in the environmental sector [25]. - Recommendations include companies like China Science Instruments and Shandong High Energy Resources, which are expected to benefit from upcoming EU policies [25].

登录新浪财经APP 搜索【信披】查看更多考评等级 本次公司下属全资子公司内部股权转让不涉及关联交易，不构成重大资产重组。根据《深圳证券交易所 股票上市规则》《公司章程》《对外投资管理制度》的相关规定，本次股权转让事项已履行内部决策程 序，无须提交公司董事会、股东会审议。 本次创尔特热能工商变更登记信息如下： 关于全资子公司内部股权转让暨完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记载、误导性陈述或重大遗 漏。 基于公司经营管理需要，广东长青（集团）股份有限公司（以下简称"公司"）下属全资子公司名厨（香 港）有限公司（以下简称"名厨香港"）于近日将其持有的创尔特热能科技（中山）有限公司（以下简 称"创尔特热能"）5.3015%股权转让给公司，并在中山市市场监督管理局完成了创尔特热能的股东和市 场主体类型的变更登记。 本次转让前，公司直接持有创尔特热能94.6985%股权，通过名厨香港间接持有创尔特热能5.3015%股 权；本次转让完成后，公司直接持有创尔特热能100%股权。创尔特热能仍为公司的下属全资子公司， 公司合并报表范围不发生变化。 证券代码：002616 证 ...

长青集团公告称，下属全资子公司名厨香港近日将持有的创尔特热能5.3015%股权转让给公司，并完成 工商变更登记。转让前，公司直接和间接持有创尔特热能100%股权；转让后，公司直接持有其100%股 权，仍为全资子公司，合并报表范围不变。此次转让不涉及关联交易和重大资产重组，已履行内部决策 程序，无需提交董事会、股东会审议。 ...

证券代码：002616 证券简称：长青集团 公告编号：2025-088 | 变更事项 | 变更前 | 变更后 | | --- | --- | --- | | 股东名称 | 广东长青（集团）股份有限公司 | | | | （持股 94.6985%） | 广东长青（集团）股份有限公司 | | | 名厨（香港）有限公司 | （持股 100%） | | | （持股 5.3015%） | | 广东长青（集团）股份有限公司 关于全资子公司内部股权转让暨完成工商变更登记的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 基于公司经营管理需要，广东长青（集团）股份有限公司（以下简称"公司"） 下属全资子公司名厨（香港）有限公司（以下简称"名厨香港"）于近日将其持 有的创尔特热能科技（中山）有限公司（以下简称"创尔特热能"）5.3015%股权 转让给公司，并在中山市市场监督管理局完成了创尔特热能的股东和市场主体类 型的变更登记。 本次转让前，公司直接持有创尔特热能94.6985%股权，通过名厨香港间接持 有创尔特热能5.3015%股权；本次转让完成后，公司直接持有创尔特热能1 ...

广东长青（集团）股份有限公司 关于对外转让全资子公司股权暨完成工商变更登记的公告 证券代码：002616 证券简称：长青集团 公告编号：2025-087 （说明：由雄县热电投资建设的"雄县经济开发区热电联产项目"因不再符合 雄安新区最新规划的综合能源模式，公司于2021年报告期内决定终止该项目(详见 2022年1月13日披露的《关于雄县热电项目计提资产减值损失的公告》，公告编号： 2022-006)。自该项目终止至今，雄县热电依然存续，但未开展实质性业务。 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、交易概述 2、公司于2025年9月9日与湖南意格新材料有限公司（以下简称"意格新材"或 "甲方"）签订《股权转让协议》，将公司持有的雄县热电100%股权转让给意格新材。 双方协商后确定雄县热电截至评估基准日（2025年6月30日）100%股权作价为人民币 2,400.00万元。 根据《股权转让协议》相关约定，意格新材已向公司支付第一期股权转让款 （1224.00万元）和雄县热电欠公司及公司控股子公司的债务（30.00万元）。交易双 方于近日在雄县行政审批局 ...

证券代码：002616 证券简称：长青集团 公告编号：2025-086 广东长青（集团）股份有限公司 关于转让鱼台长青环保能源有限公司 100%股权的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 一、股权转让交易概述 广东长青（集团）股份有限公司（以下简称"公司"）与鱼台县人民政府管 理的鱼台县华兴新能源有限公司（以下简称"华兴新能源"）于 2025 年 2 月 18 日签署《关于鱼台长青环保能源有限公司之股权转（受）让协议》（以下简称"本 协议"），公司将全资子公司鱼台长青环保能源有限公司（以下简称 "鱼台环保"） 的 100%股权转让给华兴新能源（以下简称"本次交易"）。双方协商后确定鱼台 环保截止评估基准日 100%股权作价为人民币 29,300.00 万元，并约定由华兴新能 源按指定方式偿还鱼台环保对公司的借款人民币 10,839.85 万元。 本次交易已由公司第六届董事会第二十五次会议、第六届监事会第十八次 会议审批通过，华兴新能源已按本协议约定先后支付三笔股权转让款，交易双方 已于鱼台县行政审批服务局办理完成标的公司的股权过户手续。本次 ...

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental sectors [1][6][8]. Core Views - The report highlights a 7.9% year-on-year increase in national electricity market trading volume from January to October 2025, with significant growth in green electricity trading [2][15]. - The controlled nuclear fusion industry is experiencing accelerated capital expenditure, with a notable increase in project bidding activity [3][17]. - The report emphasizes the importance of policies supporting renewable energy development, predicting stable profitability for new energy generation [4][22]. Summary by Sections Market Review - The Shanghai Composite Index rose by 1.64%, while the public utility and environmental indices increased by 0.89% and 1.59%, respectively [1][14]. - Within the electricity sector, thermal power increased by 1.60%, while hydropower and new energy generation saw smaller gains [1][24]. Important Events - In October 2025, the national electricity market trading volume reached 563.8 billion kWh, marking a 15.6% increase year-on-year [2][15]. - The cumulative trading volume for the first ten months of 2025 was 5,492 billion kWh, accounting for 63.7% of total electricity consumption, up 1.5 percentage points from the previous year [2][15]. Specialized Research - The report details 35 public bidding projects in the controlled nuclear fusion sector from October to November 2025, with a total estimated contract value of 2.6 billion yuan [3][17]. - The bidding activity has significantly accelerated compared to previous months, indicating a growing interest and investment in this area [3][17]. Investment Strategy - Recommendations include major thermal power companies like Huadian International and Shanghai Electric, as well as leading new energy firms such as Longyuan Power and Three Gorges Energy [4][22]. - The report also suggests focusing on water and waste incineration sectors, which are entering a mature phase with improved cash flow [4][22]. Key Company Earnings Forecasts - The report provides earnings forecasts and investment ratings for various companies, all maintaining an "Outperform" rating, including Huadian International, Longyuan Power, and China Nuclear Power [8][22].

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental protection sectors [5][7]. Core Views - The report highlights that coal and electricity prices are declining simultaneously, which is expected to maintain reasonable profitability for thermal power [22]. - Continuous government policies supporting renewable energy development are anticipated to lead to gradually stable profitability in renewable energy generation [22]. - The report emphasizes the importance of the new retail pricing mechanism in Sichuan's electricity market, which is expected to enhance the integration of commercial storage resources by virtual power plants [18][20]. Summary by Sections Market Review - The Shanghai Composite Index fell by 3.77%, while the public utility index dropped by 4.33% and the environmental index decreased by 6.02% [15][25]. - Within the electricity sector, thermal power declined by 4.68%, hydropower by 1.44%, and renewable energy generation by 5.67% [15][26]. Important Events - The Ministry of Finance has allocated the first batch of ecological and environmental protection funds for 2026, totaling 40 billion yuan for integrated protection projects, 153 billion yuan for ecological restoration of abandoned mines, and 136 billion yuan for marine ecological protection projects [16][17]. Investment Strategy - Recommendations include major thermal power companies like Huadian International and Shanghai Electric, as well as leading renewable energy firms such as Longyuan Power and Three Gorges Energy [3][22]. - The report suggests focusing on water and waste incineration sectors, which are entering maturity with improved free cash flow, and highlights investment opportunities in companies like China Everbright Environment and Zhongshan Public Utilities [23]. - The report also points out the potential in the domestic waste oil recycling industry due to the EU's SAF blending policy, recommending companies like Shangaohuaneng [23]. Key Company Earnings Forecasts - The report provides earnings forecasts for various companies, indicating a positive outlook for those in the public utility and environmental sectors [8].

Investment Rating - The report maintains an "Outperform" rating for the public utility and environmental protection sectors [5][7]. Core Views - The report highlights that coal and electricity prices are declining simultaneously, which is expected to maintain reasonable profitability for thermal power companies. Recommendations include major thermal power enterprises such as Huadian International and Shanghai Electric, which has relatively stable regional electricity prices [22]. - Continuous government policies supporting renewable energy development are anticipated to lead to gradually stable profitability in renewable energy generation. Recommended companies include leading national renewable energy firms Longyuan Power and Three Gorges Energy, as well as regional offshore wind power companies [22]. - The report suggests that the growth in installed capacity and electricity generation will offset the downward pressure on electricity prices, with nuclear power companies expected to maintain stable profitability. Recommended companies include China National Nuclear Power and China General Nuclear Power [22]. - The report emphasizes the defensive attributes of hydropower stocks in a global interest rate decline environment, recommending Longjiang Power, which combines stability and growth [22]. - The report identifies investment opportunities in the environmental sector, particularly in water and waste incineration industries, which are entering a mature phase with improved free cash flow [23]. Summary by Sections Market Review - The Shanghai Composite Index fell by 3.77%, with the public utility index down 4.33% and the environmental index down 6.02%. The relative performance of public utilities and environmental sectors ranked 10th and 23rd among 31 first-level industry classifications [15][25]. Important Events - The Ministry of Finance has allocated the first batch of ecological and environmental protection funds for 2026, totaling 40 billion yuan for integrated protection and restoration projects, 153 billion yuan for ecological restoration of abandoned mines, and 136 billion yuan for marine ecological protection projects [16]. Investment Strategy - The report recommends various companies across different sectors, including: - Thermal Power: Huadian International and Shanghai Electric - Renewable Energy: Longyuan Power, Three Gorges Energy, and regional offshore wind companies - Nuclear Power: China National Nuclear Power and China General Nuclear Power - Hydropower: Longjiang Power - Environmental: Guangda Environment and Zhongshan Public Utilities, focusing on mature sectors with improved cash flow [3][22][23]. Key Company Earnings Forecasts - The report provides earnings forecasts and investment ratings for several companies, all rated as "Outperform," including Huadian International, Longyuan Power, and Guangda Environment, among others [7][8].