Core Viewpoint - Several listed companies in the Shanghai and Shenzhen markets announced significant updates, including plans for H-share issuance, executive resignations, and financial performance reports. Group 1: Corporate Announcements - XGIMI Technology is planning to issue H-shares and apply for listing on the Hong Kong Stock Exchange, with details still under discussion [2] - China Merchants Bank's Vice President Wang Xiaoqing resigned for work-related reasons, effective August 4, 2025 [3] - *ST Huaron announced that its controlling shareholder is planning a change in control, leading to a temporary suspension of its stock [4] - *ST Yuancheng's independent director is under investigation for serious violations, but this will not impact the company's operations [6] Group 2: Financial Performance - CATL has repurchased 6.641 million shares for a total amount of 1.551 billion yuan, representing 0.1508% of its total A-share capital [5] - ChipLink Integrated reported a net loss of 170 million yuan in the first half of 2025, an improvement from a loss of 471 million yuan in the same period last year, with revenue increasing by 21.38% [13] - Liaoning Port's net profit for the first half of 2025 increased by 110.78% year-on-year, reaching 956 million yuan [14] - Howey Group expects a net profit increase of 39.43% to 49.67% for the first half of 2025, driven by growth in its image sensor products [15] Group 3: Market Reactions - Daying Electronics clarified that its electronic skin products currently have no customers or revenue, while it does have income from humanoid robot-related businesses [7] - Zhongma Transmission stated that its electric vehicle reducers do not involve robot-related businesses, despite market speculation [8] - Longyang Electronics reported that its HVLP copper foil products are still in the verification stage and have not generated revenue [9][10] Group 4: Regulatory Changes - Xichang Electric announced it will implement a low valley electricity price policy starting September 1, 2025, which is expected to reduce its net profit by approximately 5.55 million yuan [11] - Leshan Electric also plans to execute a low valley electricity price policy from September 1, 2025, with an estimated revenue reduction of about 16.6 million yuan [12] Group 5: Shareholding Changes - Nanjing Bank's shareholder Nanjing High-Tech increased its stake to 9% by acquiring 7.5077 million shares between July 24 and August 4, 2025 [16]

Group 1 - Weihai Guangtai reported a net profit of 83.32 million yuan for the first half of 2025, a year-on-year decrease of 22.41%, while total revenue reached 1.425 billion yuan, an increase of 10.91% [1] - Haowei Group expects a net profit increase of 39.43% to 49.67% for the first half of 2025, estimating a profit range of 1.906 billion to 2.046 billion yuan [1] - Tengda Construction won a bid for a project worth 118 million yuan, with a construction period of 500 calendar days [1] Group 2 - Shanda Power plans to use up to 520 million yuan of idle raised funds for cash management, investing in safe and liquid products with a term not exceeding 12 months [3] - Rundu Co., Ltd. received approval for the listing application of its chemical raw material drug, which is suitable for surgical treatment in adults and children over one month old [4] - Zhongyuan Qihua's subsidiary's clinical trial application for a drug aimed at treating pulmonary fibrosis has been accepted [4] Group 3 - Shanghai Xiba plans to establish a joint venture with Yuyuan Rare Earth, focusing on advanced materials for lithium-ion solid-state batteries, with a registered capital of 200 million yuan [6] - Aorite's senior management plans to reduce their holdings by up to 62,500 shares, accounting for 0.02% of the company's total equity [7] - Yipin Hong's subsidiary's clinical trial application for a new oral drug for endometriosis has been accepted [8] Group 4 - Haya Pharmaceutical plans to lease idle assets covering 22,671.39 square meters for a period of 10 years [9] - Southern Precision Engineering applied for a credit limit of 50 million yuan from a bank for operational purposes [11] - Jindawei's subsidiary established a joint venture with a registered capital of 5 million yuan, focusing on the sale of food additives and health products [12] Group 5 - Gaode Infrared signed a product order contract worth 307 million yuan, expected to account for 11.46% of the company's audited revenue for 2024 [13] - Xichang Electric will implement a low valley electricity price policy starting September 1, 2025, which is expected to reduce net profit by approximately 5.55 million yuan [14] - Huyou Pharmaceutical's first subject has been dosed in a Phase I clinical trial for a drug targeting advanced solid tumors [16] Group 6 - Chuanheng Co., Ltd. received a patent for a dust removal system in mining operations [17] - Spring Wind Power's application for issuing convertible bonds has been accepted by the Shanghai Stock Exchange [18] - Liuyao Group plans to repurchase shares worth between 100 million and 200 million yuan [19] Group 7 - Baiyun Electric has obtained a commitment letter for a stock repurchase loan of up to 18 million yuan [20] - Tonghe Pharmaceutical received a patent for a method of preparing an intermediate for a migraine treatment drug [21] - Tainkang's subsidiary's Phase II clinical trial for a drug for vitiligo has shown significant efficacy and safety [23] Group 8 - Yuhua Tian's secretary and deputy general manager resigned for personal reasons [24] - Heizhima's controlling shareholder is planning a change in control, leading to a temporary suspension of stock trading [25] - Keda Li's subsidiary completed a capital increase, raising its registered capital to 700 million yuan [26] Group 9 - Fangda Special Steel's shareholder plans to reduce holdings by up to 1% of the company's shares [28] - ST Pava's director is under investigation for alleged embezzlement, but the company's operations remain normal [29] - Jiachuan Video's controlling shareholder is planning a change in control, resulting in a temporary stock suspension [32] Group 10 - Danhua Technology will change its stock name to Jinmei Technology starting August 7, 2025, due to a relocation of its registered office [33] - Morning Wind Technology's shareholder plans to reduce holdings by up to 1% of the company's shares [34] - Leshan Electric will adjust residential gas prices starting September 1, 2025, which is expected to increase gross profit by approximately 2.7 million yuan [35] Group 11 - SAIC Motor reported a total vehicle sales of 337,500 units in July 2025, a year-on-year increase of 34.22%, with significant growth in new energy vehicle sales [36] - LIGONG Navigation's shareholders plan to reduce holdings by up to 3% of the company's shares [37] - United Imaging's employee stock ownership platform plans to reduce holdings by up to 1.62% of the company's shares [38] Group 12 - Beiqi Blue Valley's subsidiary reported a 6.38% decline in sales in July 2025 [39] - Watson Bio's clinical research application for an mRNA vaccine has been accepted [40]

证券代码：600505 证券简称：西昌电力 公告编号：2025-039 四川西昌电力股份有限公司 关于执行居民低谷时段电价政策的公告 四川省发展和改革委员会7月31日发布了《关于地方电网居民生活用电执行低谷 电价政策有关事项的通知》（川发改价格[2025]369 号），因目前公司正在开展西昌 市2025年火把节系列文旅活动的保电工作，影响计量设施升级改造进度，计划自2025 年9月1日起执行。现将本次电价政策的主要内容及对公司的影响公告如下： 一、本次电价政策的主要内容 该测算仅为初步测算数据，最终影响金额以公司 2025 年度经审计的年度财务报 告为准。 特此公告。 四川西昌电力股份有限公司董事会 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。 1.全省地方电网供区内执行"一户一表 "阶梯电价的居民用户执行低谷时段电价 政策，合表用户不执行低谷时段电价政策。 2."一户一表"居民用户在丰水期(6 月-10 月)低谷时段(23:00 至次日 07:00， 下同)用电价格按照 0.175 元/千瓦时执行；枯、平水期(11 月-次 ...

Core Viewpoint - The new electricity pricing policy in Sichuan Province will lead to a decrease in the average selling price of residential electricity, impacting the company's operating performance in 2025 [1][2]. Summary by Relevant Sections Electricity Pricing Policy - The Sichuan Provincial Development and Reform Commission issued a notification on July 31 regarding the implementation of a low valley electricity price policy for residential users in local power grids, effective from September 1, 2025 [1]. - The policy includes a "one household, one meter" pricing structure for residential users, with low valley pricing applicable only to these users, while combined meter users will not benefit from the low valley pricing [1]. - During the abundant water period (June to October), the low valley electricity price will be set at 0.175 yuan per kilowatt-hour, while during the dry and normal water periods (November to May), it will be 0.2535 yuan per kilowatt-hour [1]. Impact on Company - The implementation of the new pricing policy is expected to lower the average selling price of residential electricity, which will have a negative impact on the company's operating performance in 2025 [2]. - Preliminary estimates suggest that the new pricing policy will reduce the company's net profit by approximately 5.55 million yuan in 2025 [2].

人民财讯8月4日电，西昌电力（600505）8月4日晚间公告，四川省发改委7月31日发布了《关于地方电 网居民生活用电执行低谷电价政策有关事项的通知》，因目前公司正在开展西昌市2025年火把节系列文 旅活动的保电工作，影响计量设施升级改造进度，计划自9月1日起执行。本次电价政策执行后，全年居 民生活用电类别销售均价将有所降低，对公司2025年经营业绩会造成一定影响。经初步测算，本次电价 政策执行预计减少2025年度净利润约555万元。 ...

Core Viewpoint - Sichuan Xichang Electric Power Co., Ltd. is expected to achieve a net profit of approximately 3.1 million yuan for the first half of 2025, marking a significant turnaround from a loss of 25.52 million yuan in the same period last year [2][5]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders of approximately 3.1 million yuan for the first half of 2025, an increase of about 28.62 million yuan compared to the previous year's loss of 25.52 million yuan [5][8]. - The net profit after deducting non-recurring gains and losses is expected to be around 3 million yuan [3][6]. - The performance period for this forecast is from January 1, 2025, to June 30, 2025 [4]. Operational Highlights - The company operates seven self-owned and controlled hydropower stations with a total installed capacity of 122.9 MW, all of which sell electricity within Liangshan Prefecture [15]. - The electricity generation volume increased by 22.63% year-on-year, primarily due to abundant water supply in the hydropower stations [16]. - The average purchase price of electricity (including tax) decreased by 11.38% year-on-year, influenced by the increase in electricity generation from the connected hydropower stations [16]. Key Drivers of Performance - The improvement in performance is attributed to quality enhancement and efficiency measures, effective reduction of non-productive expenses, and increased electricity sales [10]. - The electricity sales volume in the supply segment grew by 11.55% year-on-year [10].

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。 根据上海证券交易所《上海证券交易所上市公司自律监管指引第 3 号-行业 信息披露—第三号—电力》、《上海证券交易所上市公司自律监管指引第 3 号- 行业信息披露—第九号—光伏》要求，现将公司 2025 年半年度经营数据(未经 审计)公告如下： 证券代码：600505 证券简称：西昌电力 编号：2025-038 四川西昌电力股份有限公司 2025 年半年度经营数据公告 一、公司网内自有和控股水力发电站 7 座，权益装机容量 12.29 万千瓦， 生产的电量均在凉山州范围内销售。 | 项 目 | 2025年1-6月 | 2024年1-6月 | 增减变动幅度 | | --- | --- | --- | --- | | | | | （%） | | 1、发电量（万千瓦时）注1 | 23,408.04 | 19,087.91 | 22.63 | | 其中，分公司、控股子公司发电情况： | | | | | 发电分公司 | 14,716.69 | 12,974.99 | 13.42 | | 四川 ...

Core Viewpoint - The company reported its unaudited operating data for the first half of 2025, highlighting significant growth in electricity generation and changes in pricing structures due to favorable water conditions and market dynamics [1][2]. Group 1: Hydropower Generation - The company operates 7 hydropower stations with a total installed capacity of 122.9 MW, generating electricity primarily sold within Liangshan Prefecture [1]. - Electricity generation increased by 22.63% year-on-year, attributed to abundant water supply in the network [1]. - The average on-grid price for purchased electricity decreased by 11.38%, influenced by the growth in generation from network-connected stations [1]. Group 2: Solar Power Generation - The company holds a 90% stake in the Tangniwan photovoltaic power station, which has an installed capacity of 40 MW, generating electricity sold to the State Grid Sichuan Electric Power Company [1][2]. - The Tangniwan solar power station produced 1,067.31 MWh of electricity in the first half of 2025, with an on-grid price based on both grid settlement and subsidies [2]. - The average on-grid price for the solar power station is determined by provincial electricity market trading policies [2]. Group 3: Additional Hydropower Projects - The company also holds a 71.27% stake in the Muli County Guzeng Hydropower Development Co., which operates the Kangwu Hydropower Station with an installed capacity of 172 MW [1][2]. - The Kangwu Hydropower Station generated 10,648.26 MWh in the first half of 2025, with electricity sold to both the State Grid Sichuan Electric Power Company and the State Grid Liangshan Supply Company [2]. - The on-grid price for the hydropower station is set according to specific provincial policies and contracts, with a commercial operation period price of 0.2974 yuan per kWh [2].

[Core Performance Forecast Data](index=1&type=section&id=Core%20Performance%20Forecast%20Data) The company anticipates a turnaround to profitability in the first half of 2025, with net profit attributable to shareholders estimated at approximately 3.1 million yuan, a significant improvement from a 25.52 million yuan loss in the prior year period 2025 Semi-Annual Performance Forecast vs. Prior Year Period | Indicator | 2025 Semi-Annual (Estimated) | Prior Year Period | Change Amount | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Parent Company Shareholders | Approx. 3.1 million yuan | -25.52 million yuan | Increase of approx. 28.62 million yuan | | Net Profit After Deducting Non-Recurring Gains and Losses | Approx. 3 million yuan | -21.59 million yuan | Increase of approx. 24.59 million yuan | | Earnings Per Share | - | -0.0700 yuan | - | - This performance forecast has not been audited by a certified public accountant and represents preliminary data[7](index=7&type=chunk) [Analysis of Performance Changes](index=1&type=section&id=Analysis%20of%20Performance%20Changes) The company's return to profitability is primarily driven by a combination of internal efficiency improvements, favorable hydrological conditions leading to increased power generation and reduced purchase costs, and growth in end-user electricity sales - In terms of internal management, the company improved performance through **quality and efficiency enhancements**, **increased supply and sales promotion**, and **effective reduction of non-productive expenses**[11](index=11&type=chunk) - Power purchase costs significantly decreased due to abundant water inflow for grid-connected power stations, leading to a **16.27% year-on-year increase in grid-connected power generation** and an **11.28% year-on-year decrease in the average price of purchased electricity** (excluding tax)[11](index=11&type=chunk) - Electricity sales in the supply chain achieved **11.55% year-on-year growth**[11](index=11&type=chunk) [Risk Warning and Other Notes](index=2&type=section&id=Risk%20Warning%20and%20Other%20Notes) The company confirms no significant uncertainties affecting the accuracy of this preliminary performance forecast, but emphasizes that final financial data will be based on the officially released 2025 semi-annual report - The company confirms that there are currently no significant uncertainties affecting the accuracy of this performance forecast[12](index=12&type=chunk) - Investors should note that the above forecast data are preliminary calculations by the company's financial department, and the specific accurate financial data will be subject to the company's officially disclosed 2025 semi-annual report[13](index=13&type=chunk)

西昌电力（600505）公告，预计2025年半年度实现归属于母公司所有者的净利润约310万元左右，上年 同期为-2552万元；预计2025年半年度实现归属于母公司所有者的扣除非经常性损益的净利润约为300万 元左右，上年同期为-2159万元。 ...