公司于2026年2月11日召开第十一届董事会第十七次会议，审议通过《关于更换公司董事会秘书的议 案》，同意聘任文明刚先生为公司董事会秘书。该议案已经公司董事会提名委员会事先审议通过。 格隆汇2月11日丨华能国际(600011.SH)公布，公司副总经理、董事会秘书黄朝全先生因年龄原因，于近 日依据有关规定向公司董事会提交了书面辞职报告，申请辞去公司副总经理、董事会秘书职务。 ...

（记者 曾健辉） 每经头条（nbdtoutiao）——男子街头逃亡、剑客山间打斗……电影级中国视频大模型被称"地表最 强"，几十个提示字生成15秒视频可商业交付，影视股大涨！记者亲测 每经AI快讯，华能国际2月11日晚间发布公告称，华能国际电力股份有限公司副总经理、董事会秘书黄 朝全先生因年龄原因，申请辞去公司副总经理、董事会秘书职务。公司同意聘任文明刚先生为公司董事 会秘书。 ...

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： 一、释义 证券代码: 600011 证券简称: 华能国际 公告编号:2026-010 华能国际电力股份有限公司 关联交易公告 至本次交易为止，过去12个月内本公司与同一关联人（指华能集团及其控制的除 本公司之外的企业等交易主体）进行的除日常关联交易外的未达到披露标准的关联交 易累计共0次，总交易金额为0元。至本次交易为止，过去12个月内，本公司与同一关 联人（指华能集团及其控制的除本公司之外的企业等交易主体）发生的除日常关联交 易外的未经本公司股东会审议的关联交易总交易金额与本次交易累计计算达到3,000万 元以上，但未达到本公司最近一期经审计净资产绝对值5%以上。根据适用法律的相关 规定，本次放弃优先购买权事宜需获得本公司董事会审议，无需本公司股东会审议。 1 1、 "本公司"或"华能国际"指华能国际电力股份有限公司。 2、 "华能核电"指华能核电开发有限公司。 3、 "国家核电"指国家核电技术有限公司。 4、 "华能开发"指华能国际电力开发公司。 5、 "华能 ...

证券代码: 600011 证券简称: 华能国际 公告编号:2026-008 华能国际电力股份有限公司 关于董事会秘书变更的公告 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。 （一） 离任的基本情况 华能国际电力股份有限公司（"公司"）副总经理、董事会秘书黄朝全先生因年龄原 因，于近日依据有关规定向公司董事会提交了书面辞职报告，申请辞去公司副总经理、 董事会秘书职务。 | | | | | | 是否继续在上 | | 是否存在 | | --- | --- | --- | --- | --- | --- | --- | --- | | 姓名 | 离任职务 | 离任时间 | 原定任期 | 离任原因 | 市公司及其控 | 具体职务 | 未履行完 | | | | | 到期日 | | 股子公司任职 | （如适用） | 毕的公开 | | | | | | | | 《香港联 | 承诺 | | | | | | | | 合交易所 | | | | 公司副总 | | | | | 有限公司 | | | | | 2026年2月 | | | | 证券上市 | ...

证券代码: 600011 证券简称: 华能国际 公告编号: 2026-009 华能国际电力股份有限公司 关于向控股子公司提供可续期委托贷款的公告 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： 一、 本次交易概述 为落实国常会要求，实现减少火电机组亏损、能源保供安全和降低整体资产 负债率的目标，公司拟向山东公司和巢湖发电发放可续期委托贷款。2026 年 2 月 11 日，公司分别与山东公司和巢湖发电签署了《关于可续期委托贷款框架协 议》（"《框架协议》"），约定公司向山东公司提供 117.5 亿元人民币可续期委托 贷款，向巢湖发电提供 10 亿元人民币可续期委托贷款。前述贷款无固定期限， 具体以实际签署的可续期委托贷款协议为准，初始借款期限自放款日起算。贷款 用途为用于火电企业保供。前述利率为上游资金募集成本及相关税费等的合计数。 具体发放贷款时，公司再在《框架协议》确定的范围内分别与山东公司和巢湖发 电签署具体可续期委托贷款协议。 本次交易将不影响公司的正常业务开展及资金使用，不属于《上海证券交易 1 华能国 ...

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。 证券代码: 600011 证券简称: 华能国际 公告编号: 2026-007 华能国际电力股份有限公司 第十一届董事会第十七次会议决议公告 华能国际电力股份有限公司（"公司"或"华能国际"）董事会，于2026年2月11日以 通讯表决方式召开第十一届董事会第十七次会议（"会议"或"本次会议"），会议通知于 2026年2月7日以书面形式发出。本次会议的召开符合《中华人民共和国公司法》和公司 章程的有关规定。会议审议并一致通过了以下决议： 2.同意公司分别与山东公司和巢湖发电签署《可续期委托贷款框架协议》（"《框架 协议》"），并授权王葵董事长根据实际情况，以维护公司的最大利益为原则，对《框架 一、关于聘任公司副总经理的议案 同意聘任鲁新先生为公司副总经理。本议案已经公司董事会提名委员会审议通过。 鲁新先生的简历请见本公告附件1。 二、关于更换公司董事会秘书的议案 同意聘任文明刚先生为公司董事会秘书。本议案已经公司董事会提名委员会审议通 过。文明刚先生的简历请见本公告附件2。 详见同日 ...

华能国际公告称，公司拟向控股子公司山东公司和巢湖发电分别提供117.5亿元、10亿元可续期委托贷 款，用于火电企业保供。贷款无固定期限，利率为上游资金募集成本及相关税费合计数。该交易已获公 司第十一届董事会第十七次会议通过，尚需股东会审议。山东公司和巢湖发电分别由华能国际控股 80%、60%。本次提供财务资助后，公司提供财务资助总余额为151.5亿元，占最近一期经审计净资产的 11.03%，且无逾期未收回情形。 ...

Core Viewpoint - The company is actively responding to severe cold weather conditions by implementing multiple measures to ensure power generation, heating supply, and the well-being of residents, thereby reinforcing energy supply security [1]. Group 1: Emergency Response and Operations - The company has entered a "wartime" state in response to recent severe weather, enhancing frontline staffing and increasing inspection frequency in critical areas to ensure operational stability [2]. - A large heat storage tank, set to be operational by January 2026, has already supplied 15,000 GJ of heat, improving the heating system's regulation and emergency response capabilities [4]. - From November 15, 2025, to February 5, 2026, the company generated 22.9 billion kWh of electricity and supplied over 9.86 million GJ of heat, maintaining stable operations across all units [4]. Group 2: Technological Innovations - The company has developed an AI customer service system that integrates natural language processing and multi-turn dialogue understanding, significantly improving customer service efficiency and response times [5]. - Since its launch, the AI system has handled nearly 20,000 calls with an average response time of under 8 seconds, expanding service coverage threefold compared to previous methods [5]. Group 3: Renewable Energy Contributions - The company has focused on clean energy sectors, achieving a solar equipment utilization rate of 99.98% and a wind energy utilization rate of 98.36% by the end of January 2026, contributing to energy security during winter [9]. Group 4: Heating Supply Innovations - The company has implemented innovative heating solutions in Yantai, including turbine low vacuum heating modifications, which have doubled heating capacity and added 2 million square meters of heating capability [10]. - The company has designed and implemented low bypass heating technology, enhancing the flexibility of thermal power units while ensuring stable heating supply [10]. - The company’s heating area has reached 446 million square meters, with annual heating volume exceeding 100 million GJ, serving over one million direct heating users [12].

Investment Rating - The report maintains a strong investment rating for the public utility sector, emphasizing a focus on "dividend + growth" opportunities and an increased allocation towards solid waste management in the environmental sector [1][5]. Core Insights - The public utility sector's fund allocation stabilized and increased in Q4 2025, with a market value of approximately 144.54 billion yuan, accounting for 0.39% of total fund allocation, a slight increase of 0.02% from the previous quarter [5][18]. - The report highlights the importance of focusing on leading companies that possess both dividend attributes and growth potential, particularly in light of improved profitability expectations due to capacity and electricity price policies [5][23]. - The environmental sector is advised to concentrate on solid waste management operations and companies with marginal improvements or thematic flexibility, as the demand for green fuels continues to tighten [5][27]. Summary by Sections Public Utility Sector Dynamics - In February 2026, the average transaction price for electricity in Jiangsu was 312.80 yuan/MWh, a decrease of 3.67% month-on-month and 23.89% year-on-year. In Shanxi, the average price was 288.65 yuan/MWh, down 1.17% month-on-month and 10.95% year-on-year [2][41]. - The total national power generation in December 2025 was approximately 858.6 billion kWh, reflecting a year-on-year increase of 1.46% and a month-on-month increase of 10.19% [2][44]. Fund Holdings Overview - The top ten stocks in the public utility sector by fund holdings in Q4 2025 included Changjiang Electric Power, Huaneng International, and China Nuclear Power, with significant increases in holdings for Huaneng International and Changjiang Electric Power [5][23][24]. - In the environmental sector, the top ten stocks by fund holdings included Weiming Environmental and Huanlan Environment, with notable increases in holdings for Weiming Environmental and Dadi Ocean [5][27][28]. Price Tracking - The report tracks the price trends of various energy sources, noting that the CCI index for thermal coal was 696 yuan/ton as of February 4, 2026, reflecting a slight increase [7][29]. - The LNG ex-factory price index in China was reported at 3965 yuan/ton, showing a decrease of 1.98% [8][29].

Investment Rating - The report maintains a strong investment rating for the public utility sector, emphasizing a focus on "dividend + growth" opportunities and an increased allocation towards solid waste management in the environmental sector [1][5]. Core Insights - The public utility sector's fund allocation stabilized and increased in Q4 2025, with a market value of approximately 144.54 billion yuan, accounting for 0.39% of total fund allocation, a slight increase of 0.02% from the previous quarter [5][18]. - The report highlights the importance of focusing on leading companies that possess both dividend attributes and growth potential, particularly in light of improved profitability expectations due to capacity and electricity pricing policies [5][23]. - The environmental sector is advised to concentrate on solid waste management operations and companies with marginal improvements or thematic flexibility, as the demand for green fuels continues to tighten [5][27]. Summary by Sections 1. Fund Holdings Overview - In Q4 2025, the top ten stocks in the public utility sector by fund holdings included Changjiang Electric, Huaneng International, and China Nuclear Power, with significant increases in holdings for Huaneng International and Changjiang Electric [5][23][24]. 2. Weekly Review of the Sector - From February 2 to February 6, 2026, the public utility index rose by 0.16%, while the environmental index increased by 0.09%, contrasting with declines in the Shanghai Composite and ChiNext indices [5][29]. 3. Dynamics of the Public Utility Sector 3.1 Electricity Tracking - In February 2026, the average transaction price for electricity in Jiangsu was 312.80 yuan/MWh, down 3.67% month-on-month and 23.89% year-on-year. In Shanxi, the average price was 288.65 yuan/MWh, down 1.17% month-on-month and 10.95% year-on-year [5][41]. 3.2 Power Generation - The total power generation in December 2025 was approximately 858.6 billion kWh, a year-on-year increase of 1.46% and a month-on-month increase of 10.19% [5][44]. 4. Price and Inventory Tracking - The report notes an upward trend in thermal coal prices, with the CCI index at 696 yuan/ton as of February 4, 2026, reflecting a slight increase [5][7]. - Natural gas prices showed a decrease, with the LNG ex-factory price index at 3965 yuan/ton as of February 6, 2026, down 1.98% [5][8].