香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 公 告 暫停辦理股份過戶登記 茲提述中國大唐集團新能源股份有限公司（「本公司」）日期為2025年10月 8日 及2025年10月14日 的 公 告，內 容 有 關 原 定 於2025年10月30日（星期四） 舉行的本公司2025年第三次臨時股東會（「臨時股東會」）將延期至本公司 將 予 通 知 的 較 後 日 期 舉 行，及 原 定 暫 停 辦 理 股 份 過 戶 登 記 期 間 將 相 應 予 以 取 消。 本公司 謹 此 宣 佈，臨時股東會將延期至2025年11月14日（星期五）舉 行。 為 確 定 有 權 出 席 臨 時 股 東 會 的 本 公 司 股 東 名 單，本 公 司 將 於2025年11月 10日（星 期 一）至2025年11月14日（星 期 五）（包 括 首 尾 兩 日 在 內）暫 停 辦 理 股 份 過 戶 登 記 ...

Core Viewpoint - The offshore wind power sector is experiencing significant growth, with companies like Daikin Heavy Industries and others in the Hong Kong and A-share markets showing impressive stock performance and market positioning. Group 1: Company Performance - Daikin Heavy Industries has seen its stock price increase by nearly 130% this year, leading the A-share wind power sector [2] - The company has established itself as a key player in the European offshore wind market, becoming a major supplier for various projects since entering the market in 2019 [5][6] - In the first half of 2025, Daikin Heavy Industries is projected to hold a market share of 29.1% in the European offshore wind foundation equipment sector, up from 18.5% in 2024 [6] Group 2: Financial Performance - Daikin Heavy Industries' revenue surged from 7.58 billion RMB in the same period last year to 22.43 billion RMB, resulting in a total revenue of 28.41 billion RMB for the first half of 2025, more than doubling year-on-year [6] - The company's net profit for the same period increased over twofold to 5.47 billion RMB [6] - The gross profit margin for overseas business reached 30.7%, significantly higher than the 18.7% margin for domestic operations [6] Group 3: Market Dynamics - The global offshore wind auction volume is expected to reach a record high of 56.3 GW in 2024, with Europe contributing 23.2 GW [8] - Daikin Heavy Industries has over 10 billion RMB in hand overseas orders, primarily focused on projects in the North Sea and the Baltic Sea [10] - The company is planning to establish a local production base in Europe to enhance service capabilities and mitigate trade risks [11] Group 4: Strategic Outlook - The upcoming "A+H" dual listing is anticipated to strengthen Daikin Heavy Industries' position in the global wind power equipment sector [12] - Despite geopolitical and trade uncertainties, the company's substantial order backlog and localization strategy provide a solid foundation for future growth [12]

Group 1 - Shanghai Ningquan Asset Management Co., Ltd. reduced its stake in Datang Renewable (01798) by 2.763 million shares at a price of HKD 2.71 per share, totaling approximately HKD 7.48773 million [1] - After the reduction, the latest number of shares held by Shanghai Ningquan is approximately 249 million, representing a holding percentage of 9.94% [1]

Core Viewpoint - Shanghai Ningquan Asset Management Co., Ltd. has reduced its stake in Datang Renewable Power Co., Ltd. by selling 2.763 million shares at a price of HKD 2.71 per share, totaling approximately HKD 7.48773 million, resulting in a new holding of about 249 million shares, representing a 9.94% ownership [1] Summary by Category - **Share Reduction**: Shanghai Ningquan Asset Management Co., Ltd. sold 2.763 million shares of Datang Renewable Power at HKD 2.71 per share [1] - **Total Amount**: The total amount from the share reduction was approximately HKD 7.48773 million [1] - **Current Holdings**: After the reduction, the latest number of shares held is approximately 249 million, with a holding percentage of 9.94% [1]

Key Points - NIO-SW (09866) rose over 4% as CEO Li Bin emphasized the necessity of achieving profitability in Q4 during an internal meeting on October 17 [1] - COSCO Shipping Energy (01138) increased over 4% due to successful capital increase enhancing future shipping capacity and strategic value in international shipping competition [1] - Datang New Energy (01798) fell over 4% despite a more than 10% increase in power generation in the first nine months, influenced by adjustments in VAT policies for wind power [1] - Laopuhuang Gold (06181) dropped over 6%, although it still recorded a cumulative increase of over 10% this month, with a price adjustment announcement set for October 26 [1] - Jitu Express-W (01519) rose over 3% as Q3 parcel volume exceeded market expectations, with anti-involution policies likely to restore company profits [1] - JD Health (06618) increased over 4% as institutions expect enhanced drug sales to benefit overall gross margin [1] - Derin Holdings (01709) rose over 3% after announcing plans to acquire 2,995 BM mining machines from Bitmain, strengthening its Bitcoin mining business [1] - Sanhua Intelligent Control (02050) increased over 6% after announcing an increase in the share repurchase price limit, with recent catalysts in the robotics sector [1] - Bilibili-W (09626) rose over 3% as Q3 advertising performance is expected to continue, with a new card game set to contribute additional revenue early next year [1] - Alibaba-W (09988) rose over 4% after partnering with Ant Group to acquire a 13-story commercial building in Causeway Bay for HKD 7.2 billion [2] US Market Highlights - CSX Transportation (CSX.US) rose 1.69% as CEO Steve Angel indicated a focus on strategic opportunities and reevaluating aspects of railroad operations [3] - Novo Nordisk (NVO.US) fell 3.07% and Eli Lilly (LLY.US) dropped 2.02% following Trump's comments on potential price reductions for the weight loss drug Ozempic [3] - American Lithium (LAC.US) fell 8.12% after JPMorgan downgraded its rating from "neutral" to "underweight," citing overvaluation concerns [3] - Ford Motor Company (F.US) rose 1.53% as the NHTSA announced a recall of nearly 625,000 vehicles due to safety issues [3] - ASE Technology Holding (ASX.US) continued to rise 1.11% with the expansion of its K18B advanced packaging plant expected to commence production in Q1 2028 [3] - NetEase (NTES.US) fell 0.26% after announcing the discontinuation of its mobile game "The Lord of the Rings: Rise to War" [3] - Oracle (ORCL.US) fell 6.93% as it projected a 35% gross margin for its AI infrastructure plans during the Oracle AI World conference [4] - Hims & Hers Health (HIMS.US) dropped 15.84% after launching affordable treatment options for perimenopausal and menopausal individuals [4] - Gold stocks generally declined, with Harmony Gold (HMY.US) down 8.86% and Kinross Gold (KGC.US) down 8.99%, amid a significant drop in spot gold prices [4]

Group 1 - The stock of Datang New Energy in Hong Kong has dropped over 3%, specifically down 3.45% to HKD 2.52 [2] - The trading volume reached HKD 64.6341 million [2]

Core Points - Datang New Energy's stock dropped over 3%, currently at HKD 2.52 with a trading volume of HKD 64.6341 million [1] - The company reported a cumulative power generation of 25,890,603 MWh by September 30, 2025, an increase of 11.68% compared to 2024 [1] - Wind power generation reached 21,840,558 MWh, up 7.40% year-on-year, while solar power generation increased by 42.22% to 4,050,045 MWh [1] Policy Changes - The Ministry of Finance, General Administration of Customs, and State Taxation Administration announced the cancellation of the 50% VAT refund policy for onshore wind power effective November 1, 2023 [2] - From November 1, 2025, to December 31, 2027, a 50% VAT refund policy will be applied to offshore wind power products [2] - Analysts suggest that the removal of the VAT refund for onshore wind indicates its technological maturity and competitive cost, eliminating the need for special tax support [2]

Group 1 - The core viewpoint of the news is that Datang New Energy's stock has declined over 3% following the announcement of its power generation results and changes in tax policies affecting wind power [1] - As of September 30, 2025, Datang New Energy reported a cumulative power generation of 25,890,603 MWh, an increase of 11.68% compared to 2024 [1] - The wind power generation reached 21,840,558 MWh, reflecting a year-on-year increase of 7.40%, while solar power generation was 4,050,045 MWh, showing a significant increase of 42.22% compared to 2024 [1] Group 2 - The Ministry of Finance, General Administration of Customs, and State Taxation Administration announced the cancellation of the 50% VAT refund policy for onshore wind power starting November 1, 2023 [2] - From November 1, 2025, to December 31, 2027, a 50% VAT refund policy will be implemented for offshore wind power products, indicating a shift in tax incentives from onshore to offshore wind energy [2] - Analysts suggest that the removal of the tax incentive for onshore wind power indicates its technological maturity and competitive cost, reducing the need for special tax support [2]

Core Viewpoint - The offshore wind power sector is experiencing significant growth, with companies like Daikin Heavy Industries achieving remarkable stock performance and expanding their market presence in Europe, despite facing geopolitical and trade uncertainties. Group 1: Company Performance - Daikin Heavy Industries has seen its stock price increase by nearly 130% this year, leading the A-share wind power sector [2] - The company reported a dramatic revenue increase from 7.58 billion RMB to 22.43 billion RMB in the first half of 2025, resulting in overall revenue surpassing 28.41 billion RMB, more than doubling year-on-year [6] - The net profit for the same period grew over twofold to 5.47 billion RMB [6] Group 2: Market Position - Daikin Heavy Industries is the leading supplier of offshore wind power foundation equipment in Europe, with a market share increasing from 18.5% in 2024 to 29.1% in the first half of 2025 [5] - The company has successfully passed supplier qualification reviews for major offshore wind developers in Europe since entering the market in 2019, establishing itself as a key player [5] - The European offshore wind market is projected to contribute significantly to global capacity, with 23.2 GW expected from Europe in 2024 [8] Group 3: Strategic Developments - Daikin Heavy Industries is pursuing a dual listing in Hong Kong and aims to enhance its local service capabilities in Europe by establishing an overseas production base and multiple wind power service ports [12] - The company currently holds over 10 billion RMB in offshore orders, primarily focused on projects in the North Sea and the Baltic Sea [11] - The firm is adapting to potential geopolitical risks by localizing its operations in Europe to mitigate trade friction impacts [12]

Core Viewpoint - 大唐新能源 reported a decrease in power generation for September 2025 compared to 2024, with a notable decline in wind power generation but a significant increase in solar power generation [1] Group 1: Power Generation Performance - For September 2025, the total power generation was 2,365,190 MWh, a decrease of 0.25% year-on-year compared to 2024 [1] - Wind power generation for the same period was 1,856,940 MWh, reflecting a year-on-year decline of 11.42% [1] - Solar power generation reached 508,250 MWh, showing a substantial year-on-year increase of 84.91% [1] Group 2: Cumulative Power Generation - As of September 30, 2025, the cumulative power generation for the year was 25,890,603 MWh, representing an increase of 11.68% compared to 2024 [1] - Cumulative wind power generation amounted to 21,840,558 MWh, which is a year-on-year increase of 7.40% [1] - Cumulative solar power generation reached 4,050,045 MWh, marking a year-on-year increase of 42.22% [1]