8月23日，京能电力（600578）披露2025年半年报。报告显示，上半年公司实现营业收入170.80亿元， 同比增长1.05%；实现归母净利润为19.49亿元，同比大幅增长116.63%；扣非净利润为19.50亿元，同样 大幅增长116.56%。每股收益0.28元。 京能电力是首都大型能源国有控股上市公司，主营业务覆盖火电、风电、光伏发电等多种业态，管理和 控股的发电企业分布于内蒙古、山西、河北、宁夏、河南、湖北等地，向京津唐电网、蒙西电网、山西 电网、豫北电网供电，经营业绩主要来源于发电及供热业务。 上半年，京能电力坚持基地式、规模化开发和集中、分布式开发并举，不断加大转型力度，提升转型质 量。紧紧抓住新能源市场化政策窗口期，科学安排工期，全力推进新能源项目建设。报告期内，在建新 能源装机规模达187.8万千瓦。 京能电力表示，2025年上半年，公司以"稳中求进，服务首都，提质增效，严控风险"为主线，坚守"抓 安全，控成本，转作风，促发展"思路，严格落实"四增四提""四控四降"工作要求，牢牢把握"抢、稳、 进、保"策略，夯实安全根基，全力抢电量、争电价、降煤价，深化成本管控，强化责任落实，安全生 产经营形 ...

中经记者 张英英 吴可仲 北京报道 8月18日，国电电力（600795.SH）发布2025年上半年"成绩单"。报告期内，国电电力实现营业收入 776.55亿元，同比下降9.52%；归属于上市公司股东的净利润为36.87亿元，同比下降45.11%；但归属于 上市公司股东的扣除非经常性损益的净利润（以下简称"扣非净利润"）达到34.10亿元，同比增长 56.12%。 国电电力方面表示，营业收入下降主要系售电单价同比下降，扣非净利润增长则主要源于上年同期转让 控股子公司国电建投内蒙古能源有限公司（以下简称"国电建投"）产生非经常性损益增加。 业内人士告诉《中国经营报》记者，今年以来，大多数发电集团整体利润仍保持增长，个别企业收入降 低但变化幅度不大，行业业绩相对稳定。不过，记者注意到，电力供需转向宽松，电力市场化改革加速 推进，国电电力的发电业务也面临量价下行的压力。 计划分红17.84亿元 国电电力是国家能源集团控股的核心电力上市公司和常规能源发电业务的整合平台，主要经营业务为电 力、热力生产及销售，产业涉及火电、水电、风电、光伏发电等领域。截至2025年6月末，公司资产总 额达5104.41亿元。 2025年上 ...

电投能源主营业务为煤炭开采、洗选加工及销售，同时涉及电力、热力生产和供应业务。公司所属行业 为煤炭行业，注册地位于内蒙古自治区。 电投能源8月22日股价报19.49元，较前一交易日下跌0.28元，跌幅1.42%。当日开盘价为19.77元，最高 触及19.78元，最低下探至19.42元，成交量为16.46万手，成交金额3.22亿元。 公司8月22日在投资者互动平台回应投资者提问时表示，近期没有新项目投产。这一回应是针对投资者 关于公司近期新项目投产情况及主要产能情况的询问。 8月22日主力资金净流出4410.32万元，占流通市值的0.1%。近五个交易日主力资金累计净流出2.2亿 元，占流通市值的0.5%。 风险提示：股市有风险，投资需谨慎。 ...

长源电力（000966）(000966.SZ)发布2025年半年度报告，该公司营业收入为66.14亿元，同比减少 16.76%。归属于上市公司股东的净利润为9482.21万元，同比减少78.83%。归属于上市公司股东的扣除 非经常性损益的净利润为7270.02万元，同比减少83.40%。基本每股收益为0.0272元。 报告期内，公司完成发电量167.15亿千瓦时，同比降低8.30%。其中，火电发电量146.90亿千瓦时，同 比降低8.83%;水电发电量5.64亿千瓦时，同比降低33.89%;风电发电量2.01亿千瓦时，同比降低12.11%; 光伏发电量12.60亿千瓦时，同比增长21.70%。完成售热量1098.89万吉焦，同比降低6.61%。不含税平 均上网电价387.81元/千千瓦时，同比减少32.26元/千千瓦时。火电发电量下降主要是因为省内新能源装 机及发电量快速增长，省外购电规模持续扩大，挤占了火电的发电空间。水电发电量下降的主要原因是 上半年省内来水偏枯。风电发电量下降的主要原因是风速较常年降低。上网电价下降的主要原因是湖北 省新能源装机规模持续扩张，省间外购电量急剧增加，湖北电力市场总体上呈现供 ...

（原标题：长源电力：上半年净利润9482.21万元 同比下降78.83%） 人民财讯8月22日电，长源电力(000966)8月22日晚间披露2025年半年报，公司上半年实现营业收入66.14 亿元，同比下降16.76%；归母净利润为9482.21万元，同比下降78.83%。基本每股收益0.03元。报告期 内，公司完成发电量167.15亿千瓦时，同比降低8.30%。其中，火电发电量146.90亿千瓦时，同比降低 8.83%；水电发电量5.64亿千瓦时，同比降低33.89%；风电发电量2.01亿千瓦时，同比降低12.11%；光 伏发电量12.60亿千瓦时，同比增长21.70%。完成售热量1098.89万吉焦，同比降低6.61%。 ...

Core Viewpoint - Jilin Electric Power Co., Ltd. (吉电股份) is experiencing a slight increase in stock price, reflecting its position in the energy sector of Jilin Province, with a focus on various power generation methods [1] Company Summary - The latest stock price of Jilin Electric Power Co., Ltd. is 5.31 yuan, which is an increase of 0.03 yuan from the previous trading day [1] - The opening price for the day was 5.27 yuan, with a high of 5.31 yuan and a low of 5.26 yuan, indicating a stable trading range [1] - The trading volume for the day was 361,200 hands, and the total market capitalization stands at 19.261 billion yuan [1] - The company specializes in the production and sale of electricity and heat, operating in the power industry sector [1] - Jilin Electric Power Co., Ltd. is a significant energy enterprise in Jilin Province, involved in thermal, wind, and solar power generation [1] Financial Flow Summary - On August 20, the net outflow of main funds was 1.7164 million yuan, with a cumulative net outflow of 35.7953 million yuan over the past five trading days [1]

228.37 亿千瓦时，同比降低 3.52%，其中，火电上网电量 225.34 亿千瓦时，同比降低 4.06%，主要为 2025 年一季度全社会用电量 需求增速放缓，且供暖期气温较高，用电负荷降低，以及新能源 发电量占比提升等多重因素影响。公司发电业务平均上网结算电 价 438.95 元/兆瓦时（含税），同比下降 0.24 元/兆瓦时。公司控股 运营火力发电公司完成售热量 4,189.48 万吉焦，同比降低 2.18%。 公司控股运营发电公司上半年共采购电煤 1,532.47 万吨，平均综 合标煤单价 718.26 元/吨，同比降低 14.77%。 问：公司 2025 年上半年业绩增长的原因？ 答：2025 年上半年，煤炭市场供需整体较为宽松，价格中枢持续 下移。公司深化"集约化管住两端，专业化管控中间"的经营思 路，以市场为导向、以效益为中心组织生产经营，进一步加强电 热营销，优化燃料采购管理，同时公司采取多元化融资，合理调 整融资结构，优化存量债务利率，降低资金成本，多措并举提升 火电主业经营效益。 问：目前河北区域电力现货交易情况？ 答：河北南网从 2025 年 3 月 1 日开始电力现货市场连续结算试 ...

记者：衣韵潼 周倜然 编辑：刘卓 建投能源拟定增募资20亿元支持煤电项目发展 建投能源表示，西柏坡电厂四期工程项目建成后，不仅可以满足电力需求和供热需求，还能增强电网调峰能力，丰富电源结构，提高电 网稳定水平和抵御风险能力。公司拟通过本次募投项目持续扩大清洁高效的优质火电装机规模，充分发挥火电作为基础负荷的兜底保障 和灵活性调节作用。 据了解，建投能源是河北省国资委旗下上市主体，火电业务为营收主导。据该公司同日发布的半年报，建投能源上半年营收111.13亿 元，同比下降3.28%；盈利8.97亿元，同比增长157.96%。其中火力发电电量、热量销售占总营收的比重为97.10%。 财报显示，截至6月底，建投能源控股装机总计1245.65万千瓦，其中火电装机容量1177万千瓦，光伏装机容量68.65万千瓦。上半年，该 公司控股运营的14家火电公司共完成发电量242.69亿千瓦时、上网电量225.34亿千瓦时。得益于国内煤炭供应宽松、价格下行，建投能源 综合标煤单价同比降低124.51元/吨，推动净利润增长。 8月16日，河北建投能源投资股份有限公司（以下简称"建投能源"）公告，拟向不超过35名特定投资者发行A股股 ...

Core Viewpoint - China Shenhua is planning to acquire assets from its controlling shareholder, China Energy Investment Corporation, involving 13 target companies across coal, pit coal power, coal chemical, and logistics sectors, which will enhance the asset scale and profitability of the listed company [1] Group 1: Transaction Details - The acquisition will be executed through the issuance of A-shares and cash payments, with a share price set at 30.38 yuan per share [1] - The total assets of the target companies are projected to reach 258.36 billion yuan, with a net asset value of 93.89 billion yuan by the end of 2024 [1] - The target companies are expected to generate a total operating revenue of 125.99 billion yuan and a net profit of 8.01 billion yuan in 2024 [1] Group 2: Financial Performance of Target Companies - Among the 13 companies, Guoyuan Power is expected to achieve a net profit of 2.79 billion yuan in 2024, leading in profitability [2] - Other notable profits include Shenyan Coal at 2.55 billion yuan, Wuhai Energy at 1.52 billion yuan, Xinjiang Energy at 0.76 billion yuan, and the Chemical Company at 0.67 billion yuan [2] Group 3: Resource Strategy and Integration - The acquisition will create geographical complementarity in coal resources and enhance the logistics assets to strengthen the "West Coal East Transport" channel [3] - The integration of coal mining, pit coal power, coal chemical, and logistics services will significantly increase resource reserves and core business capacity, optimizing the entire industry chain layout [3] - This strategic move aims to improve the company's ability to respond to seasonal and structural supply-demand fluctuations in key energy consumption areas, thereby reinforcing energy security [3]

Core Viewpoint - The report highlights that JianTou Energy (000600) benefits from its advantageous location and high growth in thermal power, with a buy rating given by Dongwu Securities based on the company's strong performance in the first half of 2025 and plans for a 2 billion yuan capital increase for the Xibaipo thermal power project [1][2]. Group 1: Financial Performance - In the first half of 2025, JianTou Energy achieved operating revenue of 11.113 billion yuan, a year-on-year decrease of 3.3% [1]. - The company reported a net profit attributable to shareholders of approximately 897 million yuan, reflecting a year-on-year increase of 158.0% [1]. - The net profit after deducting non-recurring items was about 880 million yuan, showing a year-on-year growth of 182.5% [1]. Group 2: Capital Increase and Project Development - JianTou Energy plans to raise up to 2 billion yuan through a private placement to no more than 35 investors, primarily for the construction of the Xibaipo Power Plant Phase IV project [1]. - The Xibaipo Power Plant Phase IV project will consist of two 660,000 kW ultra-supercritical coal-fired combined heat and power units, aimed at supplying power to the southern Hebei power grid and providing centralized heating to Shijiazhuang and surrounding towns [1]. Group 3: Business Segmentation and Growth - The thermal power business generated 10.112 billion yuan in revenue, accounting for 90.99% of total revenue, with electricity revenue at 8.778 billion yuan and heat revenue at 1.334 billion yuan [2]. - The company is actively expanding its renewable energy sector, with photovoltaic business revenue reaching 95.48 million yuan, a year-on-year increase of 90.69% [2]. - The report anticipates that the thermal power price and output in Hebei province will lead the industry over the next three years, with a projected tight supply trend [2]. Group 4: Profit Forecast and Investment Rating - The profit forecast for JianTou Energy is as follows: 1.34 billion yuan in 2025, 1.56 billion yuan in 2026, and 1.60 billion yuan in 2027, with year-on-year growth rates of 152.2%, 16.4%, and 2.3% respectively [2]. - The corresponding price-to-earnings ratios for 2025-2027 are projected to be 10, 9, and 8 times, maintaining a "buy" rating [2].