证券代码：600905 证券简称：三峡能源 公告编号：2025-051 中国三峡新能源（集团）股份有限公司 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： ? 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 8 月 22 日 (二)股东大会召开的地点：北京市通州区粮市街 2 号院成大中心 5 号楼 425 会议 室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： 份总数的比例（%） 69.2172 (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 本次股东大会的召集、召开形式和程序符合《公司法》《证券法》 《中国三峡新能 源（集团）股份有限公司章程》《中国三峡新能源（集团）股份有限公司股东大 会议事规则》的有关规定，会议决议合法有效。本次会议由朱承军董事长主持。 (五)公司董事、监事和董事会秘书的出席情况 海、张坤杰、关献忠因公未能出席会议，独立董事王永海、杜至刚、胡裔光 因公未能出席会议； 会议； 员因公未能列席会议。 ...

北京市中伦律师事务所 关于中国三峡新能源（集团）股份有限公司 法律意见书 关于中国三峡新能源（集团）股份有限公司 致：中国三峡新能源（集团）股份有限公司 北京市中伦律师事务所（以下简称"本所"）接受中国三峡新能源（集团） 股份有限公司（以下简称"公司"）委托，指派本所律师对公司 2025 年第二次 临时股东大会（以下简称"本次股东大会"）的合法性进行见证并出具法律意见。 本法律意见书根据《中华人民共和国公司法》（以下简称"《公司法》"）、 中国证券监督管理委员会（以下简称"中国证监会"）《上市公司股东会规则》 （以下简称"《股东会规则》"）等现行有效的法律、法规、规范性文件以及《中 国三峡新能源（集团）股份有限公司章程》（以下简称"《公司章程》"）的规 定而出具。 为出具本法律意见书，本所律师审查了公司本次股东大会的有关文件和材料。 本所律师得到公司如下保证，即其已提供了本所律师认为出具本法律意见书所必 需的材料，所提供的原始材料、副本、复印件等材料、口头证言均符合真实、准 确、完整的要求，有关副本、复印件材料与正本原始材料一致。 在本法律意见书中，本所律师仅对本次股东大会的召集、召开程序、出席会 法律意见书 ...

证券之星消息，8月21日，国投电力（600886）融资买入2728.91万元，融资偿还2679.9万元，融资净买入49.01万元，融资余额6.74亿元，近3个交 易日已连续净买入累计930.98万元。 | 交易日 | 融资净买入(元) | 融资余额(元) | 占流通市值比 | | --- | --- | --- | --- | | 2025-08-21 | 49.01万 | 6.74亿 | 0.61% | | 2025-08-20 | 671.24万 | 6.73亿 | 0.62% | | 2025-08-19 | 210.73万 | 6.67亿 | 0.61% | | 2025-08-18 | 1025.44万 | 6.64亿 | 0.61% | | 2025-08-15 | 19.87万 | 6.5417 | 0.60% | 融券方面，当日融券卖出3.59万股，融券偿还1.91万股，融券净卖出1.68万股，融券余量35.5万股，近20个交易日中有11个交易日出现融券净卖 出。 | 交易日 | 融券冷卖出(股) | | 副学会重(股) | 融券余额(元) | | --- | --- | --- | --- ...

中国银河（601881）证券股份有限公司陶贻功,梁悠南,马敏近期对国电电力（600795）进行研究并发布了研究报告《国电电力2025年中报点评：扣 非盈利高增长，25-27年分红承诺超预期》，给予国电电力买入评级。 国电电力 核心观点 证券之星数据中心根据近三年发布的研报数据计算，华源证券刘晓宁研究员团队对该股研究较为深入，近三年预测准确度均值高达87.28%，其预 测2025年度归属净利润为盈利68.11亿，根据现价换算的预测PE为12.55。 | 报告日期 | 机构简称 研究员 | | 沂三年业绩 | 研报数 | 覆盖时长 | 2025预测 | 2026预测 | 2027预测 | 目标价 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | 预测准确度 | | | 净利润(元) | 净利润(元) | 净利润(元) | (70) | | 2025-08-20 | 国信证券 | 黄秀杰 | - | -- | - | 70.50 Z | 78.95 Z | 87.17 Z | | | 2025-08-20 | 东莞证券 | ...

Report Summary 1. Report Industry Investment Rating - Not provided in the given content 2. Core Viewpoints of the Report - The strategy is based on the research reports "Strategy Portfolio Report under Industry Rotation: Quantitative Analysis from the Perspective of Industry Style Continuity and Switching" (20241007) and "Research on the Overview and Allocation Methods of the Stock - type ETF Market: Taking the ETF Portfolio Based on the Industry Rotation Strategy as an Example" (20241013) to construct a strategy portfolio of industry and theme ETFs [2] - In the week of 20250811, the model recommends allocating sectors such as joint - stock banks, games, and semiconductors. In the next week, the strategy will newly hold products like Game ETF, Science and Technology Innovation Chip Design ETF, and Satellite ETF, and continue to hold products like Bank ETF, Financial Real Estate ETF, and Gold Stock ETF [2] - As of last weekend, some ETFs and the trading timing signals of the underlying indexes gave daily or weekly risk warnings [2] 3. Summary by Relevant Catalogs Performance Tracking - During the period from 20250804 to 20250808, the cumulative net return of the strategy was about 2.62%, and the excess return relative to the CSI 300 ETF was about 1.41% [3] - From October 14, 2024, to the present, the cumulative out - of - sample return of the strategy was about 7.08%, and the cumulative excess relative to the CSI 300 ETF was about - 0.79% [3] Future 1 - Week Recommended ETFs (20250811 - 20250815) | Fund Code | ETF Name | Holding Status | ETF Market Value (billion yuan) | Heavy - Positioned Shenwan II Industry and Weight | Weekly Timing Signal | Daily Timing Signal | | --- | --- | --- | --- | --- | --- | --- | | 512800 | Bank ETF | Continue to hold | 151.38 | Joint - stock banks (44.73%) | 1 | - 1 | | 159869 | Game ETF | Transfer in | 73.17 | Games (81.29%) | 1 | 1 | | 588780 | Science and Technology Innovation Chip Design ETF | Transfer in | 2.77 | Semiconductors (95.73%) | 1 | 1 | | 159940 | Financial Real Estate ETF | Continue to hold | 7.99 | Securities (29.12%) | 1 | - 1 | | 517520 | Gold Stock ETF | Continue to hold | 46.34 | Precious metals (41.51%) | 1 | 1 | | 510000 | Central Enterprise ETF | Continue to hold | 1.21 | State - owned large - scale banks (18.11%) | 1 | 1 | | 512690 | Wine ETF | Continue to hold | 152.39 | Baijiu (85.37%) | - 1 | - 1 | | 159206 | ZETF | Transfer in | 1.33 | Military electronics II (34.22%) | 1 | 1 | | 159786 | VRETF | Transfer in | 1.32 | Optoelectronics (26.64%) | 1 | 1 | | 159652 | Non - ferrous 50 ETF | Transfer in | 5.21 | Industrial metals (49.34%) | 1 | 1 | [9] Near 1 - Week ETF Holdings and Performance (20250804 - 20250808) | Fund Code | Current Holding Status | ETF Name | ETF Market Value (billion yuan) | Near 1 - Week Increase/Decrease (%) | | --- | --- | --- | --- | --- | | 562550 | - | Green Power ETF | 1.21 | 1.50 | | 512800 | Continue to hold | Bank ETF | 151.38 | 1.99 | | 512690 | Continue to hold | Wine ETF | 152.39 | 1.06 | | 159768 | - | Real Estate ETF | 6.13 | 2.14 | | 159940 | Continue to hold | Financial Real Estate ETF | 7.99 | 1.41 | | 515220 | Transfer out | Coal ETF | 80.20 | 3.78 | | 159996 | Transfer out | Home Appliance ETF | 12.72 | 2.55 | | 510060 | Continue to hold | Central Enterprise ETF | 1.21 | 1.42 | | 516550 | Transfer out | Agricultural ETF | 1.87 | 1.76 | | 517520 | Continue to hold | Gold Stock ETF | 46.34 | 8.91 | | - | ETF Portfolio Average Return | - | - | 2.62 | | 510300 | - | CSI 300 ETF | 3819.72 | 1.21 | | - | ETF Portfolio Excess Return | - | - | 1.41 | [10]

Core Viewpoint - China Three Gorges New Energy (Group) Co., Ltd. is actively engaging in strategic initiatives, including the issuance of public REITs based on its Dalian Zhuanghe III offshore wind power project, which aims to optimize its capital structure and enhance asset liquidity [4][8]. Group 1: Stock Performance - As of August 8, 2025, China Three Gorges New Energy's stock closed at 4.32 CNY, reflecting a 0.23% increase from the previous week [1]. - The stock reached a weekly high of 4.33 CNY and a low of 4.29 CNY during the same period [1]. - The company's current total market capitalization is 123.49 billion CNY, ranking 7th in the power sector and 118th among all A-shares [1]. Group 2: Board Resolutions - The company's board of directors held a meeting on August 6, 2025, where several resolutions were passed, including the approval of the issuance of public REITs based on the Dalian Zhuanghe III offshore wind power project [2][3]. - All resolutions received unanimous support from the board members present, with no votes against or abstentions [2][3]. Group 3: REITs Issuance - The company plans to issue public REITs with the Dalian Zhuanghe III offshore wind power project as the underlying asset, with the company intending to subscribe for 34% of the fund shares [4]. - This issuance is categorized as a related party transaction, as Three Gorges Capital Holdings Co., Ltd. will subscribe for 10% of the fund shares [4]. Group 4: Company Bylaws Revision - The company has revised its articles of association to comply with the latest laws and regulations, including changes to the company name, registered capital, and provisions regarding the controlling shareholder and actual controller [5]. - The revised articles will be submitted for approval at the upcoming shareholders' meeting [5]. Group 5: Upcoming Shareholders' Meeting - The company will hold its second extraordinary general meeting of 2025 on August 22, 2025, to discuss the revised articles of association and amendments to the rules of shareholder and board meetings [6].

Core Viewpoint - The stock of Sheneng Co., Ltd. (600642) has shown slight fluctuations in price and varying capital flows over the past few days, indicating mixed investor sentiment and potential areas for further analysis [1][2]. Capital Flow Summary - On August 6, 2025, Sheneng Co., Ltd. closed at 8.15 CNY, with a slight increase of 0.12%. The trading volume was 103,800 shares, resulting in a total transaction value of 84.55 million CNY [1]. - The capital flow data for August 6 shows a net inflow of 1.1566 million CNY from institutional investors, accounting for 1.37% of the total transaction value. Retail investors experienced a net outflow of 7.2973 million CNY, representing 8.63% of the total [1][2]. - Over the past five days, the stock has seen varying capital flows, with significant net inflows and outflows from both institutional and retail investors, indicating fluctuating market interest [2]. Financial Performance Summary - As of the first quarter of 2025, Sheneng Co., Ltd. reported a total revenue of 7.337 billion CNY, a year-on-year decrease of 9.09%. The net profit attributable to shareholders was 1.011 billion CNY, down 12.82% year-on-year [3]. - Key financial metrics include a total market capitalization of 39.887 billion CNY, a net asset value of 48.44 billion CNY, and a net profit margin of 17.23%. The company has a price-to-earnings ratio of 9.87 and a price-to-book ratio of 1.16, which are favorable compared to industry averages [3]. - The company's gross margin stands at 20.08%, which is lower than the industry average of 28.48%, indicating potential areas for operational improvement [3]. Institutional Ratings Summary - In the last 90 days, eight institutions have rated Sheneng Co., Ltd. with a "buy" recommendation, suggesting a positive outlook among analysts. The average target price set by these institutions is 9.95 CNY [4].

Strategy Overview - The report focuses on constructing a strategy portfolio based on industry and thematic ETFs, utilizing quantitative analysis from previous strategy reports [2]. Strategy Update - For the week of August 4, 2025, the model recommends increasing allocations to sectors such as electricity, joint-stock banks, and liquor, while continuing to hold real estate and agriculture ETFs [2]. - New additions include Green Power ETF, Bank ETF, and Liquor ETF, with ongoing holdings in Real Estate ETF and Agriculture ETF [2]. - As of the last weekend, some ETFs and index trading timing signals provided daily or weekly risk alerts [2]. Performance Tracking - From July 28 to August 1, 2025, the strategy recorded a cumulative net return of approximately -2.19%, with an excess return of about -0.53% compared to the CSI 300 ETF [2]. - Since October 14, 2024, the cumulative return of the strategy outside the sample period is approximately 4.34%, with an excess return of about -2.17% relative to the CSI 300 ETF [2].

Market Overview - The Shanghai Composite Index closed at 3628.53 points, above the five-day moving average, with a gain of 0.52% [1] - The total trading volume of A-shares reached 1,102.239 billion yuan [1] Stocks Breaking the Five-Day Moving Average - A total of 393 A-shares have surpassed the five-day moving average today [1] - Notable stocks with significant deviation rates include: - Shiyan Institute (设研院) with a deviation rate of 15.41% and a price increase of 20.00% [2] - *ST Tianwei (天微) with a deviation rate of 9.08% and a price increase of 12.33% [2] - Shenma Power (神马电力) with a deviation rate of 7.42% and a price increase of 10.01% [2] - Other stocks with smaller deviation rates include: - Caibai Co. (菜百股份) and Qicai Chemical (七彩化学), which have just crossed the five-day moving average [1] ETF Information - Green Power ETF (产品代码: 562550) tracks the China Securities Green Power Index and has seen a five-day decline of 1.80% [4] - The ETF has a price-to-earnings ratio of 17.13 times and a recent share increase of 3 million, totaling 1.3 billion shares [4]

Fundraising Overview - China National Nuclear Power Co., Ltd. has successfully raised a total of approximately RMB 13.99 billion by issuing 1,684,717,207 A-shares at a price of RMB 8.31 per share, after deducting issuance costs of RMB 2.35 million, resulting in a net amount of RMB 13.99 billion [1][2] - The raised funds have been deposited into a designated fundraising account, and a tripartite supervision agreement has been signed with the underwriter and the commercial banks involved [2][3] Fund Management and Supervision - The company has established special accounts for fundraising at China Construction Bank, Industrial and Commercial Bank of China, and Bank of China, with the aim of ensuring proper management and usage of the funds [2][3] - A four-party supervision agreement has been signed, which includes the company, its subsidiaries, the banks, and the underwriter, to ensure that the funds are not used for non-designated purposes [2][3] Compliance and Reporting - The agreement stipulates that the funds can only be used for the intended projects and must be reported to the underwriter monthly regarding the status of the funds and any cash management products [3][4] - The underwriter has the right to conduct on-site investigations and audits to ensure compliance with the agreement and proper usage of the funds [4][5]