Core Viewpoint - The company Meiyan Jixiang (600868.SH) is expected to report significant losses in 2025, with projected net profit attributable to shareholders ranging from -98 million to -80 million yuan, indicating a challenging financial outlook for the company [1] Financial Projections - The estimated net profit for 2025 is projected to be between -98 million and -80 million yuan, with the net profit after deducting non-recurring gains and losses expected to be between -100 million and -82 million yuan [1] - The anticipated operating revenue for 2025 is estimated to be between 350 million and 370 million yuan, while the revenue after excluding unrelated business income and income lacking commercial substance is projected to be between 330 million and 350 million yuan [1] Reasons for Performance Decline - The primary reasons for the expected performance decline include intensified competition in the geographic information industry leading to an overall decrease in gross margins, as well as lower-than-expected collection of accounts receivable resulting in credit impairment losses [1] - Additionally, the impairment of assets related to the shutdown and dismantling of the kiln and other main equipment at the company's subsidiary, Meizhou Meiyan Xuan Kiln Cement Co., Ltd., has contributed to the anticipated losses [1]

Core Viewpoint - The company Meiyanji Xiang (600868) is expected to report a net loss of 80 million to 98 million yuan for 2025, compared to a loss of 82.81 million yuan in the same period last year, primarily due to adverse economic conditions and increased competition in the geographic information industry [1] Group 1: Financial Performance - The projected net loss for 2025 is between 80 million and 98 million yuan [1] - The previous year's loss was recorded at 82.81 million yuan [1] Group 2: Industry Challenges - The geographic information industry is facing intensified competition, leading to an overall decline in gross margins [1] - The company is experiencing slower-than-expected collection of accounts receivable, necessitating additional provisions for credit impairment losses based on aging [1] Group 3: Asset Management - The company's subsidiary, Meizhou Meiyan Rotary Kiln Cement Co., Ltd., has shut down and dismantled its kiln and related main equipment, resulting in asset impairment provisions [1]

北京市建国门北大街 8 号华润大厦 20 层 邮编：100005 电话：(86-10)85191300 传真：(86-10)85191350 junhebj@junhe.com 北京市君合律师事务所 关于广东梅雁吉祥水电股份有限公司 2026 年第一次临时股东会的法律意见书 致：广东梅雁吉祥水电股份有限公司 北京市君合律师事务所受广东梅雁吉祥水电股份有限公司（以下简称"贵公 司"）的委托，根据《中华人民共和国公司法》（以下简称"《公司法》"）、《上 市公司股东会规则》（以下简称"《股东会规则》"）等法律、法规、规章及《广 东梅雁吉祥水电股份有限公司公司章程》（以下简称"《公司章程》"）的有关 规定，就贵公司 2026 年第一次临时股东会（以下简称"本次股东会"）有关事 宜出具本法律意见书。 本法律意见书仅就本次股东会的召集和召开程序是否符合中国有关法律、法 规和《公司章程》的规定，以及出席本次股东会人员的资格、召集人资格、会议 的表决程序和表决结果是否合法有效发表意见，并不对本次股东会所审议的议案 内容以及该等议案所表述的相关事实或数据的真实性、准确性、完整性或合法性 发表意见。 本法律意见书仅供见证本次股东 ...

证券代码：600868 证券简称：梅雁吉祥 公告编号：2026-005 广东梅雁吉祥水电股份有限公司 2026年第一次临时股东会决议公告 一、 会议召开和出席情况 | 1、出席会议的股东和代理人人数 | 1,277 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 219,140,883 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 12.1305 | 重要内容提示： 本次会议是否有否决议案：无 (四) 表决方式是否符合《公司法》及《公司章程》的规定，会议主持情况等。 本次会议由公司董事会召集，董事长张能勇先生主持。会议采用现场和网络 投票相结合的表决方式。本次会议的召集、召开符合《公司法》和《公司章程》 的有关规定。 (一) 股东会召开的时间：2026 年 1 月 16 日 (二) 股东会召开的地点：广东省梅州市梅江区华南大道 58 号公司会议室 (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： 二、 议案审议情况 审议结果：通过 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 ...

证券代码：600868 证券简称：梅雁吉祥 公告编号：2026-006 广东梅雁吉祥水电股份有限公司 2025 年年度业绩预亏公告 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、本期业绩预告情况 2、预计 2025 年年度实现营业收入 35,000 万元到 37,000 万 元，扣除与主营业务无关的业务收入和不具备商业实质的收入后 的营业收入为 33,000 万元到 35,000 万元。 3、本期业绩预告尚未经会计师事务所审计。 二、上年同期经营业绩和财务状况 （一）利润总额：-12,563.90 万元。归属于母公司所有者的 净利润：-8,281.85 万元。归属于母公司所有者的扣除非经常性损 益的净利润：-8,066.64 万元。 （二）每股收益：-0.0438 元。 （三）营业收入：35,728 万元。扣除与主营业务无关的业务 收入和不具备商业实质的收入后的营业收入：31,229 万元。 三、本期业绩预亏的主要原因 （一）业绩预告期间 2025 年 1 月 1 日至 2025 年 12 月 31 日 （二）业绩预告 ...

梅雁吉祥公告称，预计2025年年度营收3.5 - 3.7亿元，扣除无关业务和不具备商业实质收入后为3.3 - 3.5 亿元；归属于母公司所有者的净利润为-9800万元到-8000万元，扣非后为-1亿元到-8200万元。上年同期 营收3.57亿元，净利润为-8281.85万元。本期预亏主要因地理信息业市场竞争加剧、毛利下降，应收账 款回款不及预期，以及子公司产能转让后相关资产计提减值。 ...

Group 1 - The power sector experienced a slight decline of 0.06% on the previous trading day, with New Zhonggang leading the losses [1] - The Shanghai Composite Index closed at 4112.6, down 0.33%, while the Shenzhen Component Index closed at 14306.73, up 0.41% [1] - Notable gainers in the power sector included Tuo Ri Xin Neng, which rose by 10.02% to a closing price of 5.60, and Bai Tong Energy, which increased by 10.01% to 17.70 [1] Group 2 - The power sector saw a net outflow of 275 million yuan from institutional funds, while retail investors contributed a net inflow of 435 million yuan [2] - The top individual stock performers in terms of net inflow included Mei Yan Ji Xiang with a net inflow of 216 million yuan, representing 15.50% of its trading volume [3] - Conversely, Tuo Ri Xin Neng experienced a net outflow of 5831.41 million yuan from speculative funds, indicating a negative sentiment among traders [3]

（文章来源：证券日报） 证券日报网讯 1月13日，梅雁吉祥在互动平台回答投资者提问时表示，截至2025年9月30日，公司股东 人数为202778户。 ...

广东梅雁吉祥水电股份有限公司 2026 年第一次临时股东会会议资料 广东梅雁吉祥水电股份有限公司 （600868） 2026 年第一次临时股东会会议资料 二O二六年一月 1 广东梅雁吉祥水电股份有限公司 2026 年第一次临时股东会会议资料 广东梅雁吉祥水电股份有限公司 2026年第一次临时股东会会议议程 一、会议时间 三、会议主持人：公司董事长张能勇先生 四、会议议程 （一）主持人宣布会议开始 （二）推选股东会监票人和计票人 （三）会议审议内容： 非累积投票议案 现场会议时间：2026 年 1 月 16 日 14 点 30 分 网络投票起止时间：自 2026 年 1 月 16 日 至 2026 年 1 月 16 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互 联网投票平台的投票时间为股东会召开当日的 9:15-15:00。 二、现场会议召开地点：广东省梅州市梅江区华南大道 58 号公司会议室 广东梅雁吉祥水电股份有限公司 2026 年第一次临时股东会会议资料 议案1： 1、《广东梅 ...

Market Overview - The electricity sector increased by 0.78% compared to the previous trading day, with Meiyan Jixiang leading the gains [1] - The Shanghai Composite Index closed at 4165.29, up 1.09%, while the Shenzhen Component Index closed at 14366.91, up 1.75% [1] Top Gainers in the Electricity Sector - Meiyan Jixiang (600868) closed at 3.91, up 10.14%, with a trading volume of 2.3341 million shares and a transaction value of 886 million [1] - YN Energy (001896) closed at 6.01, up 10.07%, with a trading volume of 406,100 shares and a transaction value of 240 million [1] - Huami Environmental (600475) closed at 23.53, up 10.00%, with a trading volume of 532,300 shares and a transaction value of 1.187 billion [1] - New Zhonggang (605162) closed at 10.18, up 9.58%, with a trading volume of 408,900 shares and a transaction value of 409 million [1] Top Losers in the Electricity Sector - Zilian Energy (001376) closed at 16.47, down 2.54%, with a trading volume of 231,900 shares and a transaction value of 381 million [2] - Xiangtong Co. (600226) closed at 5.69, down 2.40%, with a trading volume of 1.3013 million shares and a transaction value of 744 million [2] - New Zhuo Co. (002480) closed at 6.30, down 2.17%, with a trading volume of 162,800 shares and a transaction value of 103 million [2] Capital Flow in the Electricity Sector - The electricity sector saw a net inflow of 262 million from main funds, while retail funds experienced a net inflow of 110 million [2] - The main funds showed a significant net inflow in Meiyan Jixiang, amounting to 135 million, while retail funds had a net outflow of 10 million [3] - YN Energy had a net inflow of 88.23 million from main funds, with a notable net outflow of 36.79% from speculative funds [3]