中新网天津12月11日电 题：建设三大中心，天津"十五五"打出"别样"金融牌 中新网记者 夏宾 杨子炀 在中国的金融版图上，天津从来都不是一个甘于平淡的角色。 随着《中共天津市委关于制定天津市国民经济和社会发展第十五个五年规划的建议》(下称《建议》)公 布，这座北方重镇未来五年的金融发展图景清晰浮现。《建议》将"深化金融体制改革"置于显著位置， 与其他城市定位大而全的金融中心不同，天津的"十五五"金融蓝图力拼特色，打出一张服务实体经济、 深耕细分领域的"别样"金融牌。 金融创新对接产业"深度协同" 金融是实体经济的血脉。"十五五"期间，如何让金融血脉更畅通地滋养制造业骨骼，是天津面临的核心 课题。 三大租赁中心力争"全球影响力" 如果说金融创新是天津的底色，那融资租赁无疑是其最亮眼的一抹金色。在《建议》中，天津为这一优 势产业设定了极具雄心的目标："加快建设具有全球影响力的飞机、船舶和出口离岸租赁中心"。 "具有全球影响力"这七个字，分量极重。这表明，在租赁领域，天津直接对标都柏林等世界级租赁中 心。 天津拥有发展这一产业的天然沃土。作为全国先进制造研发基地，天津在"十五五"期间将重点建设高端 装备产业集群， ...

证券代码：600930 证券简称：华电新能公告编号：2025-029 华电新能源集团股份有限公司 关于召开2025年第三次临时股东会的通知 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： 股东会召开日期：2025年12月22日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 一、召开会议的基本情况 （一）股东会类型和届次 2025年第三次临时股东会 召开的日期时间：2025年12月22日14点30分 召开地点：北京市西城区广安门内大街217号贵都大酒店会议区 （五）网络投票的系统、起止日期和投票时间 网络投票系统：上海证券交易所股东会网络投票系统 二、会议审议事项 本次股东会审议议案及投票股东类型 （二）股东会召集人：董事会 （三）投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合的方式 （四）现场会议召开的日期、时间和地点 上述议案已经公司第二届董事会第八次会议审议通过，公司将在2025年第三次临时股东会召开前，在上 海证券交易所网站（www.sse.com.cn）刊登有关会议资料 ...

Core Viewpoint - The announcements detail the resolutions passed by the supervisory board and board of directors of China Energy Construction Co., Ltd., including the approval of the Q3 2025 report and the extension of the non-competition commitment by the controlling shareholder until December 31, 2028 [2][6][19][23]. Group 1: Supervisory Board Meeting Resolutions - The supervisory board approved the Q3 2025 report with a unanimous vote of 3 in favor [4][3]. - The board also approved the extension of the controlling shareholder's non-competition commitment for an additional 3 years [6][7]. Group 2: Controlling Shareholder's Non-Competition Commitment - The non-competition commitment's deadline has been extended from December 31, 2025, to December 31, 2028, to address business overlaps between the company and its controlling shareholder [10][14]. - The company and its controlling shareholder have been exploring various solutions to resolve business overlaps, including equity transfers and business adjustments, but have faced challenges due to multiple factors [12][13]. Group 3: Impact on the Company - The extension of the non-competition commitment is not expected to adversely affect the company's current or future operations, nor will it harm the interests of shareholders, particularly minority shareholders [17][36]. - The company has also adjusted its 2025 investment plan, reducing the total planned investment from 135.4 billion to 131.1 billion [27]. Group 4: Related Transactions - The company plans to sign a framework agreement for commercial factoring services with Beijing Nengjian Guohua Commercial Factoring Co., Ltd., allowing for a maximum of 2 billion in non-recourse factoring services and 800 million in recourse factoring services for 2026 [30][34]. - This agreement aims to enhance supply chain financial management and improve the overall efficiency of the company's financial operations [31][36].

Investment Rating - The report maintains a "Buy" rating for the company, expecting a relative increase of over 15% in stock price compared to the benchmark index within the next 6 to 12 months [4][8]. Core Views - The company reported a net profit of 5.32 billion yuan in H1 2025, a year-on-year increase of 20.51%, despite a revenue decline of 8.57% to 7.66 billion yuan [6]. - The company plans to distribute a mid-term cash dividend of 1.5 yuan per 10 shares, totaling approximately 156 million yuan, reflecting a commitment to shareholder returns [6]. - The company is undergoing expansion projects on the莞深高速 highway, with an investment of 8.63 billion yuan in H1 2025, which is expected to enhance future revenue streams [6]. Financial Performance Summary - For H1 2025, the company achieved operating revenue of 7.66 billion yuan, down 8.57% year-on-year, while net profit rose to 5.32 billion yuan, up 20.51% [6]. - The company’s cash flow from operating activities saw a significant increase of 332.74%, reaching 9.31 billion yuan [6]. - The company’s earnings per share (EPS) for H1 2025 was 0.5122 yuan, reflecting a year-on-year increase of 23.45% [6]. Revenue and Profit Forecast - The company’s projected net profits for 2025, 2026, and 2027 are 8.81 billion yuan, 8.93 billion yuan, and 9.31 billion yuan respectively, with corresponding EPS of 0.85 yuan, 0.86 yuan, and 0.90 yuan [6][7]. - The report anticipates a decline in revenue for 2024, followed by a slight recovery in subsequent years, with growth rates of -64% in 2024 and modest increases thereafter [4][7]. Valuation Metrics - The price-to-earnings (P/E) ratios for 2025, 2026, and 2027 are projected to be 13.6X, 13.5X, and 12.9X respectively, indicating a favorable valuation compared to historical performance [4][6]. - The company’s return on equity (ROE) is expected to be around 9% in 2025, gradually declining to 8% by 2027 [6][7].

Core Viewpoint - The company is preparing for its 2024 Annual General Meeting, where key proposals including financial reports and board reports will be discussed and voted on by shareholders [1][2][3] Group 1: Meeting Arrangements - The meeting will take place on June 17, 2025, at the Huabin International Hotel in Beijing, with both on-site and online voting options for shareholders [1] - Shareholders can choose either on-site or online voting, but not both, to ensure the integrity of the voting process [1] Group 2: Board and Supervisory Reports - The company has prepared its 2024 Board Report and Supervisory Report in compliance with the requirements of the Hong Kong Stock Exchange and Shanghai Stock Exchange, which will be presented for shareholder approval [1][2] - The Supervisory Board has conducted thorough oversight of the company's operations and financial reporting, ensuring compliance with relevant laws and regulations [2][3] Group 3: Financial Performance and Profit Distribution - The company reported a net profit of 5,669.855 million RMB for 2024, with a proposed dividend distribution of 0.21 RMB per share, totaling 2,147.788 million RMB [9][10] - The proposed dividend distribution represents 45.72% of the distributable net profit attributable to shareholders [9] Group 4: Related Party Transactions - Significant related party transactions include agreements with China Huadian Group, involving a total estimated amount of 811 million RMB for various services and financial arrangements [3][4][5] - The company has renewed financial service agreements with its financial subsidiary, setting a maximum annual credit limit of 45 billion RMB [4][5] Group 5: Independent Directors' Reports - The independent directors have actively participated in governance, ensuring compliance with laws and protecting the interests of minority shareholders [12][14] - They have reviewed and approved various proposals, including the appointment of directors and financial management plans, maintaining a focus on transparency and accountability [12][14][21]

Meeting Information - The annual shareholder meeting is scheduled for June 19, 2025 [1] - The meeting will utilize the Shanghai Stock Exchange's online voting system [1] - The meeting will be held at 14:00 at Huadian Development Building, Beijing [1] Voting Procedures - Voting will be conducted through both on-site and online methods [1][2] - Online voting will be available from 9:15 to 15:00 on the day of the meeting [2] - Specific voting procedures for margin trading and other accounts are outlined [2] Agenda Items - The meeting will review non-cumulative voting proposals, including agreements with Huadian Commercial Factoring (Tianjin) Co., Ltd. and Huaxin International Trust Co., Ltd. [2][3] - The proposals have been approved by the company's board and supervisory board [2][3] Attendance and Registration - Shareholders registered by the close of trading on June 11, 2025, are eligible to attend [5] - Proxy attendance is allowed with proper documentation [5] - Registration methods for attendees are specified, including options for remote shareholders [5] Additional Information - The company will provide a reminder service for shareholders to facilitate participation [4] - Voting rights will be calculated based on the total shares held across all accounts [5][6] - Contact information for inquiries is provided [7]