一、董事会会议召开情况 股票代码：600505 股票简称：西昌电力 编号：2025-041 四川西昌电力股份有限公司 第八届董事会第六十二次会议决议公告 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： 四川西昌电力股份有限公司（以下简称"公司"）第八届董事会第六十二次会 议于2025年8月26日在西昌市以现场结合视频通讯表决的方式召开，会议通知和 会议资料已于8月16日以电子邮件的方式向各位董事发出。会议由董事长张劲主 持，应出席董事11名，实际出席董事11名，分别是：张劲、朱国政、何云、刘涤 尘、穆良平、何真、张凌、谭书云、王锐、杨晓玲、贾巴书土。会议的召开符合 《公司法》和《公司章程》的有关规定。 二、董事会会议审议情况 （一）《2025年半年度报告》 表决情况：11票同意，0票反对，0票弃权，通过本项议案。 本议案在提交董事会审议前，已经董事会审计委员会审议通过。详见公司同 日发布于《中国证券报》《上海证券报》《证券日报》《证券时报》和上海证券 交易所网站（http://www.sse.com.cn）的《 ...

Group 1 - The board of directors of Sichuan Xichang Electric Power Co., Ltd. held its 62nd meeting on August 26, 2025, with all 11 directors present, and all resolutions were passed unanimously [1][2][3] - The 2025 semi-annual report was approved with 11 votes in favor, 0 against, and 0 abstentions [2] - The board approved the asset write-off and disposal for the first half of 2025 with the same voting results [2] - The board elected new members to the Strategic and ESG Committee and a non-independent director, both with unanimous approval [2] - A resolution to convene the second extraordinary general meeting of shareholders in 2025 was also passed unanimously [2][3] Group 2 - The meeting included reports on the company's operating conditions for the first half of 2025, the progress of the 100,000 kW photovoltaic project in Yanyuan County, and updates on the equity recovery work related to Huaxi Securities [3]

Important Notice [Report Statement and Risk Disclosure](index=2&type=section&id=Report%20Statement%20and%20Risk%20Disclosure) The report confirms the accuracy of its unaudited financial content, discloses forward-looking statement risks, and directs to the Management Discussion and Analysis for detailed risks - The company's Board of Directors, Supervisory Board, and senior management guarantee the truthfulness, accuracy, and completeness of the semi-annual report content[3](index=3&type=chunk) - This semi-annual report is **unaudited**[5](index=5&type=chunk) - Forward-looking statements regarding future plans and development strategies do not constitute a substantive commitment to investors and carry investment risks[6](index=6&type=chunk) - The company has no particularly significant risks; specific risks are detailed in Section III, "Management Discussion and Analysis"[7](index=7&type=chunk) Section I Definitions [Common Terminology Definitions](index=4&type=section&id=Common%20Terminology%20Definitions) This section defines common terms used in the report, ensuring clear understanding of its content Common Terminology Definitions | Common Term | Definition | | :--- | :--- | | CSRC | China Securities Regulatory Commission | | SSE | Shanghai Stock Exchange | | Company, The Company | Sichuan Xichang Electric Power Co.,Ltd. | | State Grid Sichuan Electric Power | State Grid Sichuan Electric Power Company | | Sichuan Hydropower Group | Sichuan Hydropower Investment and Operation Group Co., Ltd. | | Liangshan Development Holding Company | Liangshan Prefecture Development (Holding) Group Co., Ltd. | | Guzeng Company | Muli County Guzeng Hydropower Development Co., Ltd. | | Fengguang Company | Yanyuan Fengguang New Energy Co., Ltd. | | "Articles of Association" | "Articles of Association of Sichuan Xichang Electric Power Co.,Ltd." | | Reporting Period | January-June 2025 | Section II Company Profile and Key Financial Indicators [Company Information and Contact Details](index=4&type=section&id=Company%20Information%20and%20Contact%20Details) This section provides the company's basic information, including its name, legal representative, and contact details for the Board Secretary and Securities Affairs Representative Company Basic Information | Indicator | Content | | :--- | :--- | | Chinese Name | 四川西昌电力股份有限公司 | | Chinese Abbreviation | 西昌电力 | | English Name | Sichuan Xichang Electric Power Co.,Ltd. | | English Abbreviation | XCEP | | Legal Representative | Zhang Jin | Contact Information | Position | Name | Contact Address | Phone | Fax | Email | | :--- | :--- | :--- | :--- | :--- | :--- | | Board Secretary | Yan Ke | No. 66 Shengli Road, Xichang City, Sichuan Province | 0834－3830167 | 0834－3830040 | xcdlgs@126.com | | Securities Affairs Representative | Zheng Yuanyuan | No. 66 Shengli Road, Xichang City, Sichuan Province | 0834－3830167 | 0834－3830040 | xcdlgs@126.com | [Changes in Basic Information and Information Disclosure](index=4&type=section&id=Changes%20in%20Basic%20Information%20and%20Information%20Disclosure) The company's registered and office addresses remained unchanged during the reporting period, with information disclosed through designated newspapers and the SSE website - The company's registered and office addresses are both No. 66 Shengli Road, Xichang City, Sichuan Province, with no changes during the reporting period[15](index=15&type=chunk) - Designated information disclosure newspapers include "Shanghai Securities News," "China Securities Journal," "Securities Daily," and "Securities Times," with the semi-annual report available on www.sse.com.cn[16](index=16&type=chunk) Company Stock Overview | Stock Type | Stock Exchange | Stock Abbreviation | Stock Code | | :--- | :--- | :--- | :--- | | A-share | Shanghai Stock Exchange | Xichang Electric Power | 600505 | [Company Key Accounting Data and Financial Indicators](index=5&type=section&id=Company%20Key%20Accounting%20Data%20and%20Financial%20Indicators) During the reporting period, the company achieved a 7.26% increase in operating revenue, returned to profitability in total profit and net profit attributable to shareholders, and saw a 230.29% surge in net cash flow from operating activities Key Accounting Data (Jan-Jun 2025 vs. Prior Year Period) | Indicator | Current Reporting Period (Jan-Jun) | Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 727.11 million Yuan | 677.90 million Yuan | 7.26 | | Total Profit | 5.80 million Yuan | -26.30 million Yuan | Not Applicable | | Net Profit Attributable to Shareholders of the Listed Company | 3.24 million Yuan | -25.52 million Yuan | Not Applicable | | Net Cash Flow from Operating Activities | 216.72 million Yuan | 65.61 million Yuan | 230.29 | | Net Assets Attributable to Shareholders of the Listed Company (Period-end) | 1.21 billion Yuan | 1.21 billion Yuan | -0.11 | | Total Assets (Period-end) | 4.11 billion Yuan | 4.16 billion Yuan | -1.11 | Key Financial Indicators (Jan-Jun 2025 vs. Prior Year Period) | Indicator | Current Reporting Period (Jan-Jun) | Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (Yuan/share) | 0.0089 | -0.0700 | Not Applicable | | Diluted Earnings Per Share (Yuan/share) | 0.0089 | -0.0700 | Not Applicable | | Weighted Average Return on Net Assets (%) | 0.27 | -2.13 | Increased by 2.40 percentage points | - Performance changes are primarily due to quality and efficiency improvements, increased supply and sales promotion, reduced non-productive expenses, abundant water inflow for grid-connected power stations leading to a **16.27% increase in on-grid electricity**, a **11.28% decrease in average purchase price of external electricity**, and an **11.55% increase in electricity sales** in the supply chain[20](index=20&type=chunk) [Non-Recurring Gains and Losses](index=6&type=section&id=Non-Recurring%20Gains%20and%20Losses) During the reporting period, the company's total non-recurring gains and losses amounted to 68,194.13 Yuan, mainly from disposal of non-current assets, government grants, and other non-operating income and expenses Non-Recurring Gains and Losses Items and Amounts | Non-Recurring Gains and Losses Item | Amount (Yuan) | | :--- | :--- | | Gains and losses from disposal of non-current assets | -233,546.16 | | Government grants recognized in current profit or loss | 1,591,641.83 | | Other non-operating income and expenses apart from the above | -1,272,504.98 | | Less: Income tax impact | 14,896.78 | | Minority interest impact (after tax) | 2,499.78 | | **Total** | **68,194.13** | Section III Management Discussion and Analysis [Industry and Principal Business Overview](index=6&type=section&id=Industry%20and%20Principal%20Business%20Overview) In the first half of 2025, the national power industry maintained stable operations with significant green and low-carbon transformation, while the company, as a local integrated power enterprise, expanded its core business in hydropower, solar PV, and power engineering - In the first half of 2025, national electricity consumption reached **4.84 trillion kWh**, a **3.7% year-on-year increase**; power investment totaled **654.6 billion Yuan**, up **9.6%**; and installed power generation capacity reached **3.65 billion kW**, up **18.7%**[23](index=23&type=chunk) - The company, as the first A-share listed company in Liangshan Prefecture, operates as an integrated local power enterprise encompassing generation, transmission, distribution, and sales, with an on-grid installed capacity of **568.42 MW**[24](index=24&type=chunk) - The company's core businesses include hydropower generation, solar photovoltaic power generation, and power engineering design and installation[24](index=24&type=chunk) [Discussion and Analysis of Operations](index=7&type=section&id=Discussion%20and%20Analysis%20of%20Operations) In the first half of the year, the company achieved consecutive profitability for the first time in three years by focusing on safety, performance, power supply, and transformation, while actively exploring distributed photovoltaic projects - The company achieved consecutive profitability in the first and second quarters for the first time in nearly three years, with key operating indicators meeting mid-year targets[25](index=25&type=chunk) - The company achieved significant results in production safety, enhancing grid reliability, improving power supply services, corporate governance, and tackling operational performance challenges[26](index=26&type=chunk) - New energy business focuses on distributed photovoltaic projects, with the Luojiagou and Shenglicun distributed photovoltaic projects expected to be completed within the year[27](index=27&type=chunk) [Core Competitiveness Analysis](index=8&type=section&id=Core%20Competitiveness%20Analysis) The company's core competitiveness stems from its integrated power generation and supply model, clean energy advantages, extensive industry management experience, and increasingly standardized and efficient corporate governance, with no changes during the reporting period - The company's integrated power generation, transmission, distribution, and sales business model ensures a market advantage in regional power supply[28](index=28&type=chunk) - The company's power sources, hydropower and photovoltaic, are clean and renewable, offering long-term stable operational advantages and promising development prospects[28](index=28&type=chunk) - The company has accumulated extensive experience in power generation and supply operations and management, possessing a team of experienced managers and technical professionals[28](index=28&type=chunk) - The company strictly adheres to laws and regulations to improve corporate governance and continuously builds its internal control system, forming a standardized and efficient governance structure[28](index=28&type=chunk) - The company's core competitiveness remained unchanged during the reporting period[29](index=29&type=chunk

股票代码：600505 股票简称：西昌电力 编号：2025-043 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。 四川西昌电力股份有限公司（以下简称"公司"）第八届董事会第六十二次会 议于2025年8月26日以现场结合视频通讯表决的方式召开，会议审议通过了《关 于补选第八届董事会非独立董事的议案》。 1、关于补选第八届董事会非独立董事的议案 1.01 非独立董事候选人——冷继伟 表决情况：11票同意，0票反对，0票弃权，通过本项议案。 1.02 非独立董事候选人——佟如意 表决情况：11票同意，0票反对，0票弃权，通过本项议案。 本议案在提交董事会审议前，公司董事会提名委员会根据董事的任职条件， 对董事候选人员进行资格审查，审议通过该议案。 四川西昌电力股份有限公司 关于选举第八届董事会非独立董事的公告 特此公告。 四川西昌电力股份有限公司董事会 2025年8月27日 附件：非独立董事简历 冷继伟，男，汉族，1974年4月生，四川联合大学电力系统及其自动化专业 大专学历，四川省工商管理学院工商管理硕士学位，高级政工师。历任四 ...

重要内容提示： 一、董事离任情况 证券代码：600505 证券简称：西昌电力 公告编号：2025-045 四川西昌电力股份有限公司 关于公司董事辞职的公告 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。 (二) 离任对公司的影响 谭书云先生、王锐先生离任，未导致公司董事会成员人数低于法定最低人数。 根据《公司法》《公司章程》及相关规定，谭书云先生、王锐先生的辞职报告自 送达董事会之日起生效，其辞任不会对公司日常经营产生不利影响。截至本公告 (一) 提前离任的基本情况 姓名 离任职务 离任时间 原定任期 到期日 离任原因 是否继续在上 市公司及其控 股子公司任职 具体职务 （如适用） 是否存在 未履行完 毕的公开 承诺 谭书云 董事、审 计委员会 委员 2025 年 8 月 26 日 2027 年 10 月 29 日 工作调整 否 不适用 否 王锐 董事、战 略 与 ESG 委员会委 员 2025 年 8 月 26 日 2027 年 10 月 29 日 工作调整 否 不适用 否 披露日，谭书云先生、王锐先生未持有公司股份，不存在 ...

Group 1 - The core viewpoint of the news is that Sichuan Xichang Electric Power Co., Ltd. has shown a positive growth trend in its financial performance for the first quarter of 2025, with significant increases in revenue and net profit [1] - As of August 25, 2025, the company's stock price closed at 14.38 yuan, reflecting a decrease of 0.62% [1] - The company's total operating revenue for Q1 2025 was 387 million yuan, representing a year-on-year growth of 7.25% [1] - The net profit attributable to shareholders for the same period was 1.36 million yuan, with a remarkable year-on-year increase of 111.08% [1] - The company's current ratio is 0.603, quick ratio is 0.574, and debt-to-asset ratio is 67.39% [1] Group 2 - Sichuan Xichang Electric Power Co., Ltd. was established in 1994 and is primarily engaged in the production and supply of electricity and heat [2] - The company has made investments in 14 enterprises and participated in 690 bidding projects [2] - The company holds 8 trademark registrations and has obtained 62 administrative licenses [2]

查中才先生离任，未导致公司董事会成员人数低于法定最低人数。根据《公 司法》《公司章程》及相关规定，查中才先生的辞职报告自送达董事会之日起生 效，其辞任不会对公司日常经营产生不利影响。截至本公告披露日，查中才先生 未持有公司股份，不存在应当履行而未履行的承诺事项，并已按照公司相关规定 做好交接工作。 查中才先生在担任公司董事期间，恪尽职守、勤勉尽责，公司及公司董事会 对查中才先生在任职期间为公司发展所做的贡献致以诚挚的敬意和衷心的感谢。 特此公告。 证券代码：600505 证券简称：西昌电力 公告编号：2025-040 四川西昌电力股份有限公司 关于公司董事离任的公告 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。 董事离任情况 | 姓名 | 离任职务 | 离任时间 | | 原定任期 到期日 | | 离任原因 | 是否继续在上 | 具体职务 | 是否存在 未履行完 毕的公开 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | ...

Core Viewpoint - Xichang Electric Power (600505) has seen a stock price increase of 2.63% this week, closing at 14.85 yuan, with a total market capitalization of 5.414 billion yuan. The company is set to implement a new low-tariff electricity pricing policy starting September 1, 2025, which is expected to reduce its net profit by approximately 5.55 million yuan for the year 2025 [1]. Company Announcements - Xichang Electric Power will execute a low-tariff electricity pricing policy for residential users starting September 1, 2025, as mandated by the Sichuan Provincial Development and Reform Commission [1]. - The low-tariff period is defined from 23:00 to 07:00 the next day, with rates set at 0.175 yuan per kilowatt-hour during the flood season (June to October) and 0.2535 yuan per kilowatt-hour during the dry and normal water periods (November to May) [1]. - The implementation of this policy is expected to lead to a decrease in the average selling price of residential electricity, with an estimated reduction in net profit of about 5.55 million yuan for the year 2025, pending final audited financial reports [1].

Group 1 - The national power load has reached a historical high, with the maximum load hitting 1.233 billion kilowatts, an increase of 53 million kilowatts compared to last year's peak of 1.180 billion kilowatts [1] - Companies in the power sector are actively working to ensure energy supply during the summer peak, with various projects underway to upgrade and enhance power grid infrastructure [1] - Sichuan Xichang Electric Power Co., Ltd. has strengthened its regional grid connections, enhancing power delivery capacity to meet the rising electricity demand [2] Group 2 - Shenzhen Zhaoneng New Energy Co., Ltd. is fully operational at its solar power stations in Anhui, contributing to regional power supply during peak demand [2] - The market is increasingly focused on power transmission, virtual power plants, and energy storage companies as summer peak electricity demand rises [2] - Shanghai Electric Power Co., Ltd. has seen its stock price reach a recent high, benefiting from its early involvement in virtual power plant services and energy management [3] Group 3 - Longxin Technology Group has connected millions of commercial electricity users and distributed solar power stations, facilitating electricity transactions during peak demand periods [3] - Experts predict that the demand for power transmission, seasonal adjustment, and energy storage will continue to grow, driving the development of related industries and increasing the share of renewable energy [3]

通过天眼查大数据分析，四川西昌电力股份有限公司共对外投资了14家企业，参与招投标项目675次， 知识产权方面有商标信息8条，此外企业还拥有行政许可64个。 来源：金融界 西昌电力最新一期业绩显示，截至2025一季报，公司营业总收入3.87亿元、同比增长7.25%，归属净利 润135.53万元，同比增长111.08%，扣非净利润86.65万元，同比增长108.64%，流动比率0.603、速动比 率0.574、资产负债率67.39%。 天眼查商业履历信息显示，四川西昌电力股份有限公司，成立于1994年，位于凉山彝族自治州，是一家 以从事电力、热力生产和供应业为主的企业。企业注册资本36456.75万人民币，实缴资本20179.85万人 民币。公司法定代表人为张劲。 金融界消息 截至2025年8月5日收盘，西昌电力（600505）报收于14.5元，下跌0.28%，换手率2.12%， 成交量7.72万手，成交金额1.12亿元。 资金流向方面，今日主力资金净流出1783.28万元，占比成交额15.97%。其中，超大单净流出1156.22万 元、占成交额10.35%，大单净流出627.06万元、占成交额5.61%，中单净 ...