绿电ETF（159669）跟踪的是绿色电力指数（399438），该指数从沪深市场中选取涉及水电、风电、光 伏等清洁能源发电业务的上市公司证券作为指数样本，并涵盖部分具有低碳属性的火电和核电企业，以 综合反映政策支持下的绿色电力相关上市公司证券的整体表现，兼具行业成长性与市场防御性特征。 注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 国信证券指出，国家持续出台政策支持新能源发展，新能源发电盈利有望逐步趋于稳健。装机和发电量 增长对冲电价下行压力，预计核电公司盈利仍将维持稳定；全球降息背景下高分红的水电股防御属性凸 显。随着中国聚变能源有限公司正式启动、BEST装置首个关键部件杜瓦底座安装就位，我国聚变装置 建设有望迎来高峰期，多个装置计划开展前期设计及建设招标工作，聚变装置建设有望释放百亿量级市 场空间。 ...

Core Viewpoint - Huadian International (600027) has shown a positive trend in financing activities, with a net financing inflow of 377.05 million yuan on September 17, 2025, and a cumulative net inflow of 7796.38 million yuan over the past three trading days [1][2]. Financing Activities - On September 17, 2025, the financing buy-in was 3731.4 million yuan, while financing repayment was 3354.34 million yuan, resulting in a net financing inflow of 377.05 million yuan [1]. - The financing balance reached 6.18 billion yuan, with a 0.62% increase from the previous day [4]. - Over the last 20 trading days, there were 11 days with net financing inflows [1]. Margin Trading - On September 17, 2025, there were 5000 shares sold short, with 2300 shares repaid, leading to a net short sale of 2700 shares and a remaining short position of 31200 shares [3]. - The margin trading balance was reported at 6.18 billion yuan, reflecting a 0.62% increase from the previous day [4]. Market Performance - The financing balance on September 16, 2025, was 6.14 billion yuan, showing a significant increase of 4755.66 million yuan or 8.40% from the previous day [4]. - The financing balance on September 15, 2025, was 5.66 billion yuan, with a 4.77% increase from the previous day [4].

Group 1: Company Research - Jiasai Fund recently conducted research on five listed companies, including Shiji Information, which signed a significant operational contract with Amadeus to create a comprehensive technology platform for travel [1] - Juhua Materials plans to invest 68 billion KRW in acquiring SK Enpulse's blank mask business, with a direct or indirect investment ratio of no less than 95% [2] - China Nuclear Power has received over 2.8 billion CNY in new energy subsidies as of the end of August, expecting a total of about 4 billion CNY for the year [3] - XCMG Machinery's stock incentive plan includes ROE, net profit, and cash flow from operating activities as assessment indicators, aiming for over 40 billion CNY in revenue from the mining machinery sector by 2030 [4] - Lide Man's revenue is expected to decline by 14.80% in the first half of 2025 due to intensified industry competition and the implementation of centralized procurement policies [5] Group 2: Industry Insights - The collaboration between Shiji Information and Amadeus is expected to enhance customer confidence and benefit the annual recurring revenue (ARR) growth in 2026 [1] - Juhua Materials aims to address domestic "bottleneck" issues in core raw materials through its acquisition strategy [2] - China Nuclear Power is focusing on digital transformation and smart operations while maintaining a dividend payout ratio of over 35% despite capital pressures from 19 ongoing projects [3] - XCMG Machinery anticipates continued growth in overseas market exports, with domestic sales benefiting from policy incentives and the renewal cycle [4] - Lide Man is pursuing a cash acquisition of up to 70% of Xiansheng Xiangrui to expand its tuberculosis diagnosis and innovative vaccine business [5]

Group 1 - The net financing buy-in on September 11, 2025, was -1.84 million yuan, with a financing balance of 254 million yuan, accounting for 0.65% of the circulating market value [1] - The net selling of margin trading has been continuous, with a total of 16,500 shares sold over the last three trading days [1] - The margin trading balance decreased by 0.69% to 255 million yuan on September 11, 2025, compared to the previous day [3] Group 2 - The margin trading balance on September 10, 2025, was 257 million yuan, reflecting a decrease of 5.37 million yuan, or 2.05% [3] - The margin trading balance on September 9, 2025, was 262 million yuan, with a decrease of 8.64 million yuan, or 3.19% [3] - The margin trading balance on September 8, 2025, increased by 9.09 million yuan, or 3.48%, reaching 271 million yuan [3] Group 3 - The latest data shows that the green electricity ETF (product code: 562550) has a five-day change of 2.63% and a price-to-earnings ratio of 17.44 times [6] - The green electricity ETF has a total of 14 million shares, with a net inflow of 930,000 yuan in principal funds [6]

Group 1: Green Energy ETFs - There are two ETFs named Green Energy ETF, one managed by Guotai Fund tracking the Guozheng Green Power Index, and the other managed by Huaxia Fund tracking the Zhongzheng Green Power Index [2][3] - The Guozheng Green Power Index consists of 50 stocks with an average market capitalization of approximately 533 billion, while the Zhongzheng Green Power Index also has 50 stocks with an average market capitalization of about 530 billion [2][3] - Both indices share 38 common stocks, with 12 unique stocks in each index [4] - The performance comparison shows that the Guozheng Green Power Index performed better in the past year, while the Zhongzheng Green Power Index has a significantly higher annualized return over the past five years [7] - The current valuation indicates that the Guozheng Green Power Index's TTM P/E ratio is above the historical 50th percentile, while the Zhongzheng Green Power Index's TTM P/E ratio is around the historical 35th percentile [8] Group 2: Energy ETFs - There are two ETFs named Energy ETF, one managed by Huitianfu Fund tracking the Zhongzheng Energy Index, and the other managed by ICBC Credit Suisse Fund tracking the Zhongzheng National New State-Owned Enterprises Modern Energy Index [11][12] - The Zhongzheng Energy Index consists of 25 stocks with an average market capitalization of approximately 279 billion, while the Zhongzheng National New State-Owned Enterprises Modern Energy Index has 50 stocks with an average market capitalization of about 345 billion [11][12] - The two indices share only 10 common stocks, with 15 unique stocks in the Zhongzheng Energy Index and 40 unique stocks in the Zhongzheng National New State-Owned Enterprises Modern Energy Index [13] - The performance comparison indicates that the Zhongzheng National New State-Owned Enterprises Modern Energy Index has shown greater gains over the past year, with a TTM P/E ratio above the historical 70th percentile, while the Zhongzheng Energy Index's TTM P/E ratio is below the historical 40th percentile [17][20]

Group 1 - The green electricity ETF (Product Code: 562550) tracks the China Securities Green Power Index [2] - The ETF has experienced a 1.92% change in the last five days [2] - The current price-to-earnings ratio of the ETF is 17.21 times [2] Group 2 - The latest share count for the ETF is 140 million, with a reduction of 500,000 shares [2] - The net inflow of main funds into the ETF is 1.134 million yuan [2] - The valuation percentile of the ETF stands at 43.42% [3]

Group 1 - The board of directors of Guotou Electric Power Holdings Co., Ltd. held its first meeting of the 13th session, with all 9 directors present, confirming compliance with relevant laws and regulations [1] - The board elected Guo Xuyuan as the chairman and Liu Guojun as the vice chairman, both serving terms consistent with the 13th board session [1] - The board approved the election of members for various specialized committees, including the Strategy Committee, Audit Committee, Compensation and Assessment Committee, Nomination Committee, and Environment, Social, and Governance Committee, with all votes in favor [1] - Yu Haomiao was appointed as the general manager, with the term starting from the date of the board resolution until the next board election [1] - The board also approved the appointment of senior management personnel, including the chief accountant, following the recommendations of the nomination committee [1] Group 2 - The Green Power ETF, tracking the China Securities Green Power Index, has seen a recent 5-day change of 1.92% and a price-to-earnings ratio of 17.21 times [3] - The latest share count for the Green Power ETF is 140 million, reflecting a decrease of 500,000 shares, with a net inflow of 1.134 million yuan in principal funds [3]

Group 1 - The green electricity ETF (Product Code: 562550) tracks the China Securities Green Power Index [2] - The ETF has experienced a 1.92% change in the last five days [2] - The current price-to-earnings ratio of the ETF is 17.21 times [2] Group 2 - The latest share count for the ETF is 140 million, with a reduction of 500,000 shares [2] - The net inflow of main funds into the ETF is 1.134 million yuan [2] - The valuation percentile of the ETF stands at 43.42% [3]

Group 1 - The company held a shareholders' meeting on September 5, 2025, with a total attendance representing 72.7628% of the voting shares [1] - The meeting was chaired by the company's chairman, Guo Xuyuan, and utilized a combination of on-site and online voting methods, complying with legal and regulatory requirements [1] - There were no rejected resolutions during the meeting, indicating unanimous support for the proposals presented [1] Group 2 - The legal representatives for the meeting were Shen Weipeng and Chu Lili, confirming that the meeting's procedures and voting results were legally valid [1] - The company reported no related shareholders that needed to abstain from voting, suggesting a clear voting process without conflicts of interest [1]

Group 1 - The board of directors of Huadian International Power Co., Ltd. held its 26th meeting on September 5, 2025, in Beijing, with all 12 directors present, ensuring the meeting's legality and effectiveness [1] - The board approved the nomination of Mr. Huang Kemeng as an independent director candidate, pending shareholder meeting approval, with his term starting from the approval date until the end of the current board's term [1][2] - The board also approved the proposal to convene a shareholder meeting and authorized the board secretary to issue the meeting notice [2] Group 2 - Mr. Huang Kemeng possesses the necessary qualifications and experience to serve as an independent director, with no legal or regulatory disqualifications [2] - The voting results for the proposals were unanimous, with 12 votes in favor and no votes against or abstaining [2] - The board approved the establishment of a power sales company in the Chongqing region [2]