登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000720证券简称：新能泰山 公告编号：2026-006 山东新能泰山发电股份有限公司 2025年度业绩预告 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。 一、本期业绩预计情况 1.业绩预告期间：2025年1月1日-2025年12月31日 2.业绩预告情况：预计净利润为负值 ■ 公司已就业绩预告有关事项与会计师事务所进行了预沟通，公司与会计师事务所在本报告期业绩预告方 面不存在分歧。 本次业绩预告未经会计师事务所预审计。 三、业绩变动原因说明 报告期内，公司产业园建设项目出现减值迹象。为客观、审慎反映公司财务状况与资产价值，结合资产 减值测试结果，公司将对产业园建设项目计提相应的存货跌价准备。 四、风险提示及其他相关说明 1.本次业绩预告是公司财务部门初步测算的结果，业绩具体数据将在公司2025年年度报告中予以详细披 露。 2.公司指定信息披露媒体为《中国证券报》《证券时报》及巨潮资讯网站 （http://www.cninfo.com.cn）。公司提请广大投资者关注公司公开披露信息，注意投资风险。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：000692 证券简称：惠天热电 公告编号：2026-08 沈阳惠天热电股份有限公司 关于全资子公司诉讼事项的进展公告 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。 特别提示： 1.案件所处的诉讼阶段：执行阶段 2.公司所处的当事人地位：本公司的全资子公司沈阳佳汇物资商贸有限公司（以下简称"佳汇商贸"）为 被执行人 3.涉案的金额：9,933,523.40元 4.对上市公司损益产生的影响：2025年度公司已对该涉案金额全额计提了预计负债 一、诉讼事项的受理情况 2022年8月15日，包钢矿业有限责任公司（以下简称"包钢矿业"）因与佳汇商贸买卖合同纠纷事项向法 院提起诉讼。2023年8月25日包头市中级人民法院作出一审判决（（2023）内02民初26号），佳汇商贸 向包钢矿业支付货款176,852,569.60元及相应利息。2023年12月15日，双方签订《履行判决协议》，约 定佳汇商贸按照《履行判决协议》支付包钢矿业欠款。截至2025年8月29日，佳汇商贸已还清本金 176,852,569.60元， ...

本公司董事会及全体董事保证本公告内容不存在虚假记载、误导性陈述或重大遗漏，并对公告内容的真 实性、准确性、完整性承担法律责任。 重要内容提示： 1.大唐华银电力股份有限公司（以下简称"公司"）2025年度预计实现归属于上市公司股东的净利润为 7500万元到10500万元。 2.扣除非经常性损益事项后，公司2025年度实现归属于上市公司股东的净利润预计为12500万元到15500 万元。 3.本次业绩预告数据未经注册会计师审计。 二、上年同期业绩情况 （一）归属于上市公司股东的净利润：-11271.15万元，归属于上市公司股东的扣除非经常性损益后的 净利润：-21100.65万元。 （二）每股收益：-0.056元/股。 三、本期业绩预盈的主要原因 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 1.经财务部门初步测算，预计2025年度实现归属于上市公司股东的净利润为7500万元到10500万元，与 上年同期相比实现扭亏为盈。 2.预计2025年度实现归属于上市公司股东的扣除非经常性损益后的净利润为12500万元到15500万元。 大唐华银电力股份有限公 ...

Group 1 - The core focus of the recent policy package is to stimulate private investment, particularly through measures such as loan interest subsidies for small and micro enterprises, special guarantee plans for private investment, and risk-sharing mechanisms for private enterprise bonds [2] - The overall trend of private investment in China has shown a decline in growth and low performance since 2025, largely influenced by macroeconomic factors like the deep adjustment of the real estate market [2] - Despite the pressure on total private investment, there is a significant structural optimization, with a shift from traditional investment in real estate and general manufacturing to new technologies, new infrastructure, new services, and new livelihoods [2] Group 2 - Private investment is increasingly embracing new productive forces and modern industrial systems, with a 0.6% growth in manufacturing investment despite a 3.8% decline in overall fixed asset investment in 2025 [3] - Key sectors such as railway, shipbuilding, aerospace, and other transportation equipment manufacturing saw substantial investment growth, with increases of 17.5%, 12.3%, 11.7%, and 9.1% respectively [3] - The participation of private capital in infrastructure projects has deepened, with significant projects in transportation and energy being promoted to private investors, indicating that private capital is becoming a crucial force in construction [3] Group 3 - High-tech services and consumer sectors are emerging as new hotspots for private investment, with notable growth in information transmission and water management sectors, achieving increases of 28.4% and 16.9% respectively [4] - The structural transition in private investment is a result of precise macro policies and market opportunities, with various measures aimed at reducing barriers and enhancing the investment environment [4] - Recent policies, including the implementation of the Private Economy Promotion Law and measures to further promote private investment, have provided unprecedented support for private investment [4] Group 4 - To achieve high-quality development of private investment, deeper structural reforms are necessary, focusing on ensuring fair competition and innovative financial supply models [5] - The current market has seen a reduction in explicit barriers to entry, but hidden requirements and regulatory challenges still exist, necessitating a shift in policy focus to guarantee fair competition [5] - Innovations in financial supply and the establishment of profitable models are essential for overcoming obstacles faced by private capital, particularly in long-term investment projects [5]

本报记者 杜雨萌 "新型储能容量电价以当地煤电容量电价为基础，根据其顶峰支撑能力按比例折算，折算比例与连续放 电小时数和系统最长净负荷高峰持续时段直接挂钩，真实反映储能对系统顶峰保障的实际贡献。"国家 电投集团经济技术研究咨询有限公司党总支副书记、总经理李鹏认为，通过这一安排，新型储能在容量 机制中的政策身份更加清晰、收益预期更加稳定。 相较抽水蓄能，新型储能的优势之一，在于可与电力系统"源—网—荷"各环节有效耦合、发挥功能。 在电力规划设计总院党委常委、副院长刘世宇看来，此次《通知》针对其中的电网侧独立新型储能明确 容量电价机制，可能有以下考虑：从商业模式来看，发电侧新型储能服务于特定电源，与相应电源联合 调度或统一参与电力市场，并分享市场收益；用户侧新型储能服务于特定用户，通过峰谷电价价差、降 低容（需）量电费等方式，实现成本回收、获得收益。而电网侧独立新型储能，主要服务于电力系统， 没有特定受益对象，通过参与电力现货市场和辅助服务市场以及容量电价获取收益。 在此背景下，《通知》对现行煤电、气电、抽水蓄能容量电价机制进行了完善，并首次在国家层面明确 建立电网侧独立新型储能容量电价机制。 一是煤电、气电。各 ...

证券简称：上海电力 证券代码：600021 编号：临2026-007 2. 公司2025年度实现归属于上市公司股东的扣除非经常性损益的净利润预计为23.50亿元到27.97亿元。 与上年同期（法定披露数据）相比，将增加4.55亿元到9.02亿元，同比增加24.03%到47.60%。 一、本期业绩预告情况 （一）业绩预告期间 2025年1月1日至2025年12月31日。 （二）业绩预告情况 上海电力股份有限公司 2025年年度业绩预告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 重要内容提示 1.公司预计2025年度实现归属于上市公司股东的净利润为25.11亿元到29.88亿元。与上年同期（法定披 露数据）相比，将增加4.65亿元到9.42亿元，同比增加22.71%到46.03%。 三、本期业绩变动的主要原因 （一）公司扎实开展提质增效工作，强化全要素挖潜，燃料成本、资金成本等持续下降。 （二）为客观反映公司资产状况和经营成果，确保会计信息真实可靠，公司按照《企业会计准则》和公 司财务制度的相关规定，对存在减值迹象的资产采取 ...

Core Viewpoint - The company, Datang International Power Generation Co., Ltd., expects a significant increase in net profit for the year 2025, projecting a net profit attributable to shareholders of approximately 6.8 billion to 7.8 billion RMB, representing a year-on-year increase of about 51% to 73% [2][4]. Group 1: Performance Forecast - The company anticipates a net profit attributable to shareholders of 6.8 billion to 7.8 billion RMB for 2025, an increase of 2.294 billion to 3.294 billion RMB compared to the previous year [4]. - The expected net profit, excluding non-recurring gains and losses, is projected to be between 7.2 billion and 8.2 billion RMB, reflecting a year-on-year increase of approximately 60% to 82% [2][4]. Group 2: Previous Year Performance - In the previous year, the net profit attributable to shareholders was 4.506 billion RMB, while the net profit after excluding non-recurring gains and losses was 4.504 billion RMB [6]. Group 3: Reasons for Performance Increase - The company has been implementing a "market-oriented, profit-centered" operational strategy, which has effectively enhanced operational performance [8]. - The decline in market coal prices has provided cost benefits, significantly improving the profitability of the core thermal power business [8]. - The company is advancing its green transition, with an increase in installed capacity for wind and solar energy, contributing positively to profit [8]. - Financial strategies, including optimizing debt structure and reducing financing costs, have further supported annual performance growth [8]. Group 4: Electricity Generation and Capacity - As of December 31, 2025, the company completed approximately 273.1092 billion kWh of electricity generation, a year-on-year increase of about 1.41% [13]. - The average on-grid electricity price was approximately 434.82 RMB per MWh, reflecting a year-on-year decrease of about 3.68% [13]. - The total installed capacity reached 86,192.081 MW, with significant contributions from coal-fired, hydro, wind, and solar power [14].

Group 1 - In 2025, the national electricity market transaction volume reached a record high of 6.64 trillion kilowatt-hours, representing a year-on-year increase of 7.4%, indicating the continuous release of market efficiency in resource allocation [1] - The proportion of market-based electricity transactions increased to 64% of total electricity consumption, up by 1.3 percentage points from the previous year, meaning that two-thirds of electricity was traded through market mechanisms [1] - The number of registered entities in the trading center exceeded 1 million, with cross-provincial and cross-regional transaction volume reaching 1.59 trillion kilowatt-hours, marking a historical peak [1] Group 2 - By the end of 2025, the prices of polysilicon and silicon wafers reached 53.86 yuan per kilogram and 1.329 yuan per piece, respectively, reflecting increases of 52% and 35.6% from their annual lows [2] - National energy investment exceeded 3.5 trillion yuan for the first time, with a year-on-year growth of nearly 11%, outpacing the growth rates of infrastructure and manufacturing by 12.9 and 10.1 percentage points, respectively [2] - New investments in green energy transition accelerated, with over 430 million kilowatts of new wind and solar capacity added, and total installed capacity surpassing 1.8 billion kilowatts [2] Group 3 - Private enterprises' investment in energy projects grew by 12.9% year-on-year, focusing on solar power, wind energy, and coal mining [3] - By the end of 2025, the installed capacity of new energy storage systems reached 136 million kilowatts, a more than 40-fold increase compared to the end of the 13th Five-Year Plan [3] - The average utilization hours of new energy storage systems reached 1,195 hours, an increase of nearly 300 hours from 2024 [3]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600863证券简称：内蒙华电公告编号：临2026-006 债券代码：240364债券简称：23蒙电Y2 内蒙古蒙电华能热电股份有限公司 2025年销售量完成情况公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 根据上海证券交易所《上市公司自律监管指引第3号一一行业信息披露》要求，现将内蒙古蒙电华能热 电股份有限公司（以下简称"公司"）2025年度主要经营数据公告如下： 一、电力 2.近期，公司全资子公司内蒙古北联电辉腾能源有限公司建设的察右中旗灵改配置新能源项目中全部15 万千瓦光伏已陆续并网发电。 3.上述数据为公司内部统计数据，可能与相关期间定期报告披露数据存在一定差异。 4.尾数差由四舍五入原因造成。 二、煤炭 公司2025年度煤炭产销量数据表： ■ 三、说明 2025年，公司发电量完成582.19亿千瓦时，较上年同期公告数据下降0.73%，较追溯调整后的上年同期 数据下降8.38%。公司上网电量完成540.75亿千瓦时，较上年同期公告数据下降0.41%， ...

Core Viewpoint - The establishment of a national-level merger and acquisition (M&A) fund is expected to drive China's industrial integration into a "strategic-led" new phase, shifting the core logic from spontaneous market integration to a dual-driven approach of national strategy and market efficiency [3][4]. Group 1: Characteristics of the National-Level M&A Fund - The national-level M&A fund will have six key characteristics: clearer strategic orientation, optimized resource allocation, more flexible investment methods, stronger risk control, enhanced innovation drive, and promotion of industry advantages [4][5]. - It will focus on critical areas such as key core technology breakthroughs, supply chain security, and the development of strategic emerging industries, thereby enhancing the overall competitiveness of the national industry [4][5]. Group 2: Collaboration with Regional Funds - The national-level M&A fund will work in conjunction with regional funds in areas like Beijing-Tianjin-Hebei, the Yangtze River Delta, and the Greater Bay Area, creating a synergistic system that promotes high-quality development [6][7]. - It will facilitate the flow of technology, talent, and capital across regions, forming a "research-development-transformation-industry" cross-regional chain [7]. Group 3: Investment Focus Areas - The fund will prioritize investments in three main dimensions: traditional pillar industries (e.g., steel, non-ferrous metals, construction materials), emerging technology industries (e.g., integrated circuits, renewable energy), and future industries (e.g., quantum computing, brain-machine interfaces) [8][9]. - Companies that align with these investment areas should possess digital transformation capabilities, core technologies, and clear equity structures to attract early-stage investment or acquisition [9]. Group 4: Avoiding Internal Competition - To prevent "involution" competition between the national-level M&A fund and local industry funds, it is crucial to strengthen top-level design, improve coordination mechanisms, and clarify functional positioning [10][11]. - Establishing a multi-level, complementary fund ecosystem will maximize capital aggregation and effectively support the construction of a modern industrial system [12].