Core Viewpoint - The report highlights the positive transformation and growth of Changshan Beiming, with significant revenue increase and strategic partnerships, despite current losses in net profit due to business restructuring [1][2]. Financial Performance - In the first half of 2025, the company achieved revenue of 3.722 billion yuan, a year-on-year increase of 30.77% [1]. - Net profit saw a substantial narrowing of 63.39% compared to the previous year, attributed to the divestment of the textile business and the introduction of new energy and smart industry sectors [1]. Strategic Partnerships - Changshan Beiming is a key strategic partner of Huawei, collaborating on the development of Huawei's Kunpeng and Ascend AI industries [1]. - The company received multiple awards from Huawei, including "Meritorious Partner Award" and "Best Service Award for Digital Transformation" [1]. Research and Development - The company invested 127 million yuan in R&D during the reporting period, marking a significant increase of 43.38% year-on-year [1]. - As of June 30, 2025, Changshan Beiming obtained 749 software copyrights, 32 invention patents, and 2 utility model patents [1]. Software and Information Technology Services - The software business has strengthened market competitiveness, with ongoing strategic collaborations with industry giants like Huawei and Hikvision [2]. - The company is actively advancing projects in digital government and digital economy, focusing on smart city initiatives across various provinces [2]. New Energy Development - As of June 30, 2025, Changshan Beiming has established 9 distributed photovoltaic projects with a total installed capacity of 13.5 MW [3]. - The company reported a photovoltaic revenue of 3.54 million yuan, a 105.8% increase from the previous year, and a net profit of 1.536 million yuan, up 89.6% [3]. Industry Outlook - The software and information technology service industry in China continues to show robust growth, with both revenue and profit experiencing double-digit increases [4]. - Changshan Beiming aims to focus on its core software business to enhance its market position [4].

（编辑 任世碧） 证券日报网讯 8月19日晚间，华电新能发布公告称，公司于2025年8月18日召开第二届董事会第三次会 议、第一届监事会第十二次会议，审议通过了《关于使用募集资金置换预先投入募投项目自筹资金的议 案》，同意公司使用全额行使超额配售选择权对应的募集资金235，252.84万元置换预先投入募投项目 的自筹资金。本次募集资金置换时间距离募集资金到账时间未超过6个月，符合相关法律法规的要求。 ...

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之內 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 不就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之 任 何 損 失 承 擔 任 何 責 任。 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲 載 列 在 深 圳 證 券 交 易 所 網 站（http://www.szse.cn）刊 登 的 龍 源 電 力 集 團 股 份有限公司2025年 半 年 度 報 告 摘 要（A股）、龍 源 電 力 集 團 股 份 有 限 公 司 2025年 半 年 度 報 告（A股）、龍 源 電 力 集 團 股 份 有 限 公 司2025年半年度財 務 報 告（A股），僅 供 參 考。 特 此 公 告。 承董事會命 龍源電力集團股份有限公司 China Longyuan Power Group Corporation Limited* 宮宇飛 董事長 龙源电力集团股份有限公司 2025 年半年度报告摘要 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了 ...

Core Insights - Longyuan Power (001289)(00916) reported a mid-year performance for 2025, with operating revenue of RMB 15.657 billion, a year-on-year increase of 3.1% [1] - The net profit attributable to equity holders was RMB 3.519 billion, a decline of 14.4% year-on-year, with earnings per share at RMB 0.42 [1] Revenue Breakdown - The wind power segment generated sales and other income of RMB 13.826 billion in the first half of 2025, a decrease of RMB 0.225 billion or 1.6% compared to RMB 14.051 billion in the same period of 2024, primarily due to a decline in average utilization hours and average grid tariff [1] - The solar power segment's sales and other income reached RMB 1.702 billion, an increase of RMB 0.674 billion or 65.6% from RMB 1.028 billion in the same period of 2024, driven by increased installed capacity and generation [1] Installed Capacity and Generation - In the first half of 2025, the group added 2,053.54 MW of new renewable energy installed capacity, including 986.95 MW of wind power and 1,096.59 MW of solar power, while reducing biomass power capacity by 30.00 MW [2] - As of June 30, 2025, the total installed capacity was 43,196.74 MW, comprising 31,395.72 MW of wind power, 11,794.92 MW of solar power, and 6.10 MW of other renewable energy [2] - The total generation for the first half of 2025 was 39,652,477 MWh, with wind power generation at 33,502,617 MWh, reflecting a year-on-year growth of 6.07%, and solar power generation at 6,146,915 MWh, up 71.37% year-on-year [2] Development Agreements - The group signed new development agreements totaling 1.24 GW in the first half of 2025, including 1.04 GW of wind power and 0.2 GW of energy storage, all located in resource-rich areas [2] - Cumulatively, the group obtained development indicators of 4.75 GW, with 2.98 GW for wind power and 1.77 GW for solar power [2]

2025年上半年，该集团净新增新能源控股装机容量2,053.54兆瓦，其中新增风电控股装机容量986.95兆 瓦、光伏控股装机容量1,096.59兆瓦，减少生物质发电控股装机容量30.00兆瓦。截至2025年6月30日， 集团控股装机容量为43,196.74兆瓦，其中风电31,395.72兆瓦，光伏11,794.92兆瓦，其他可再生能源6.10 兆瓦。集团2025年累计完成发电量39,652,477兆瓦时，其中风电发电量33,502,617兆瓦时，同比增长 6.07%;光伏发电量6,146,915兆瓦时，同比上升71.37%。 2025年上半年，该集团新签订开发协议1.24吉瓦，其中风电1.04吉瓦、储能0.2吉瓦，均位于资源较好地 区。上半年累计取得开发指标4.75吉瓦，其中风电2.98吉瓦，光伏1.77吉瓦。 智通财经APP讯，龙源电力(00916)公布2025年中期业绩，持续经营收入人民币156.57亿元，同比增长 3.1%;公司权益持有人应占净利润人民币35.19亿元，同比下降14.4%;每股盈利人民币0.42元。 公告称，营业收入增长的主要原因为：(1)风电分部2025年上半年的销售电力及其他收入为 ...

龙源电力集团股份有限公司 2025 年半年度报告全文 龙源电力集团股份有限公司 龙源电力集团股份有限公司 2025 年半年度报告全文 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。 公司负责人宫宇飞、主管会计工作负责人杨文静及会计机构负责人(会计主管人员)刘 勇声明：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次半年报的董事会会议。 本报告涉及未来计划等前瞻性陈述，不构成本公司对投资者的实质承诺，请投资者注 意投资风险。 公司于 2025 年 8 月 19 日召开的第五届董事会 2025 年第 4 次会议，审议通过了《关 于公司 2025 年度中期利润分配方案的议案》，以 8,359,816,164 股为基数，拟向全体股 东每 10 股派发现金红利 1 元（含税），不送红股，不以公积金转增股本。 龙源电力集团股份有限公司 2025 年半年度报告全文 （一）载有公司负责人、主管会计工作负责人、会计机构负责人（会计主管人员）签名并 加盖公司公章的会计报表。 （二）报告期内在中国证监 ...

龙源电力集团股份有限公司 2025 年半年度报告摘要 证券代码：001289 证券简称：龙源电力 公告编号：2025-048 龙源电力集团股份有限公司 2025 年半年度报告摘要 一、重要提示 本半年度报告摘要来自半年度报告全文，为全面了解本公司的经营成果、财务状况及未来发展规划，投资者 应当到 证监会指定媒体仔细阅读半年度报告全文。 所有董事均已出席了审议本报告的董事会会议。 非标准审计意见提示 □适用 ?不适用 董事会审议的报告期利润分配预案或公积金转增股本预案 ?适用 □不适用 是否以公积金转增股本 □是 ?否 本公司董事会于 2025 年 8 月 19 日对中期利润分配方案作出决议，拟以本报告披露之日公司总股本 8,359,816,164 股为基数，向全体股东派发现金股息每股人民币 0.1000 元（税前），不送红股，不以公积金转增资本。本次 中期分红拟 派发现金股息总额为人民币 835,981,616.40 元（税前），约占公司以中国会计准则编制的 2025 年半年度合并 财务报表 二、公司基本情况 股票简称 龙源电力 股票代码 股票上市交易所 深圳证券交易所、香港联合交易所 联系人和联系方式 董事 ...

公告称，收入减少主要是由于韩国项目的电价及发电量下降，以及于2025年3月出售一个中国热电联产 项目后发电量及蒸汽销售均下降所致。 中广核新能源(01811)发布截至2025年6月30日止六个月中期业绩，收入8.57亿美元，同比减少12.8%;权 益股东应占溢利1.64亿美元，同比减少10.86%;每股基本盈利3.81美仙。 ...

Group 1: Climate Change and Heat Waves - The normalization of heat waves is an undeniable fact, threatening human health, economic security, and ecological systems [3] - Human activities since the Industrial Revolution are the main drivers of extreme temperature changes globally, as confirmed by the IPCC's sixth assessment report [3] - In China, the average number of high-temperature days has increased by 25% over the past decade, with extreme heat events evolving into continuous compound disasters [3] Group 2: Economic Impacts of High Temperatures - Global warming has led to significant labor work hour and income losses due to extreme heat, with direct impacts on production systems, including industrial power cuts and increased logistics costs [4] - Historical data indicates that for every 1°C increase in temperature, tourist arrivals decrease by approximately 8.1%, leading to a 6% reduction in tourism revenue [4][6] - High temperatures are reshaping tourism consumption preferences from sightseeing to summer wellness experiences, a trend likely to become more pronounced [6] Group 3: Energy Sector Response - Extreme heat has increased electricity demand, prompting the need for a collaborative forecasting mechanism between climate and energy departments to manage peak loads effectively [8][9] - The pressure from high temperatures has accelerated the development of renewable energy sectors, particularly solar power, which aligns well with peak electricity demand during hot periods [10] - The integration of meteorological data with industrial data can help create predictive models for industry productivity and losses during extreme heat [7] Group 4: Adaptation Strategies - Coastal regions face challenges such as increased temperature control costs in high-end manufacturing, but can leverage digital technology to develop smart energy networks [12] - Agricultural sectors in arid regions should focus on promoting drought-resistant crops and efficient irrigation technologies to mitigate the impacts of extreme heat [13][18] - Successful international experiences, such as weather index insurance in Spain and drought-resistant crop programs in Cambodia, can provide valuable lessons for China's adaptation strategies [16][18]

Core Viewpoint - The report highlights the performance of the public utility and environmental sectors, noting a mixed performance with the Shanghai Composite Index rising by 2.37% while the public utility index fell by 0.55% and the environmental index increased by 1.72% [2] Market Review - The Shanghai Composite Index increased by 2.37% this week - The public utility index decreased by 0.55% - The environmental index rose by 1.72% - Relative weekly returns for the indices were -2.92% for public utilities and -0.65% for environmental sectors [2] Sector Performance - In the electricity sector: - Thermal power decreased by 1.55% - Hydropower fell by 1.26% - New energy generation dropped by 0.08% - In the water sector, there was a slight increase of 0.23% - The gas sector saw an increase of 1.75% [2] Important Events - Gansu Province's development and reform commission issued a plan for the market-oriented reform of new energy pricing, with a mechanism price set at 0.3078 yuan per kilowatt-hour for projects completed before June 1, 2025, and a total electricity scale of 154 billion kilowatt-hours [3] - Longyuan Power announced a shareholder dividend plan for 2026-2030, committing to distribute at least 70% of the net profit attributable to shareholders in cash dividends each year [3] Special Research - The report discusses the acceleration of the electricity spot market development, with several provinces transitioning to formal operations by 2025, which is expected to enhance the efficiency of electricity resource allocation [4] - The report outlines investment strategies in the public utility sector, recommending major thermal power companies and highlighting the potential for stable earnings in the nuclear power sector [5] Investment Strategy - Recommendations include: - Major thermal power companies like Huadian International and Shanghai Electric - Leading new energy companies such as Longyuan Power and Three Gorges Energy - Stable nuclear power operators like China National Nuclear Corporation and China General Nuclear Power Group - High-dividend water power stocks like Yangtze Power [5] - In the environmental sector, the report suggests focusing on mature industries like water and waste incineration, and highlights opportunities in the domestic scientific instrument market and the waste oil recycling industry [5]