证券代码：600905 证券简称：三峡能源 公告编号：2024-069 中国三峡新能源（集团）股份有限公司 关于召开 2024 年第二次临时股东大会的通知 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、 召开会议的基本情况 (一) 股东大会类型和届次 2024 年第二次临时股东大会 召开的日期时间：2024 年 12 月 12 日 10 点 00 分 召开地点：北京市通州区粮市街 2 号院成大中心 5 号楼 425 会议室 (五) 网络投票的系统、起止日期和投票时间。 股东大会召开日期：2024年12月12日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结 合的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自 2024 年 12 月 12 日 | 序号 | 议案名称 | 投票股东类型 | | --- | --- | ...

证券代码：600905 证券简称：三峡能源 公告编号：2024-070 根据《公司法》《公司章程》等有关规定，杨贵芳先生的辞职 报告自送达本公司董事会之日起生效。在公司聘任新的总会计师、 董事会秘书、总法律顾问、首席合规官前，将由董事长朱承军先生 代行董事会秘书职责，由总经理张龙先生代行总会计师职责，由副 总经理刘姿女士代行总法律顾问、首席合规官职责。公司将按相关 规定尽快完成选聘工作，并及时履行信息披露义务。 公司董事会对杨贵芳先生在任职期间为公司发展所作出的贡 献表示衷心感谢。 特此公告。 中国三峡新能源（集团）股份有限公司董事会 2024 年 11 月 27 日 中国三峡新能源（集团）股份有限公司 关于公司总会计师、董事会秘书、总法律 顾问兼首席合规官辞职并指定代行人员 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。 中国三峡新能源（集团）股份有限公司（以下简称公司）董事 会于2024年11月25日收到公司总会计师、董事会秘书、总法律顾问 兼首席合规官杨贵芳先生的书面辞职报告，由于工作调动，杨贵芳 先生辞去公司总 ...

证券代码：600905 证券简称：三峡能源 公告编号：2024-066 中国三峡新能源（集团）股份有限公司 第二届董事会第二十九次会议决议公告 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。 中国三峡新能源（集团）股份有限公司（以下简称公司）第 二届董事会第二十九次会议于 2024 年 11 月 26 日在北京以现场 并结合通讯方式召开，会议通知已于 2024 年 11 月 21 日以电子 邮件方式发出。本次会议应出席董事 7 名，现场及视频参会董事 6 名，王永海董事委托胡裔光董事出席会议并代为行使表决权。 公司部分监事、高级管理人员等列席了会议。会议的召集召开符 合《公司法》《公司章程》的有关规定，会议合法有效。会议由 朱承军董事长主持，以记名投票方式表决，形成决议如下： 一、审议通过《关于公司"十四五"发展规划中期评估暨修 编的议案》 本议案经战略与可持续发展委员会审议通过。 同意公司继续聘请大华会计师事务所（特殊普通合伙）为 2024 年度财务决算审计机构，审计费用为 310 万元（含税）。 具体内容详见公司同日披露的 ...

证券代码：600905 证券简称：三峡能源 公告编号：2024-067 中国三峡新能源（集团）股份有限公司 关于续聘 2024 年度财务决算审计机构 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： 拟聘任的会计师事务所名称：大华会计师事务所（特殊 普通合伙） 一、拟聘任会计师事务所的基本情况 （一）机构信息 机构名称：大华会计师事务所（特殊普通合伙） 成立日期：2012 年 2 月 9 日成立（由大华会计师事务所有 限公司转制为特殊普通合伙企业） 组织形式：特殊普通合伙 注册地址：北京市海淀区西四环中路 16 号院 7 号楼 1101 首席合伙人：梁春 截至 2023 年 12 月 31 日合伙人数量：270 人 截至 2023 年 12 月 31 日注册会计师人数：1471 人，其中： 签署过证券服务业务审计报告的注册会计师人数：1141 人 1 2023 年度上市公司年报审计收费总额：52,190.02 万元 本公司同行业上市公司审计客户数量：11 家 （二）投资者保护能力 大华会计师事务所（特殊普 ...

Group 1 - The establishment of Sanxia New Energy Power Generation (Shouguang) Co., Ltd. has been reported, with a registered capital of 10 million yuan [1] - The legal representative of the new company is Li Dawei, and its business scope includes power generation, transmission, and distribution [1] - The company is jointly held by Sanxia Energy and other stakeholders, indicating a collaborative investment approach [1]

证券代码：600905 证券简称：三峡能源 公告编号：2024-065 中国三峡新能源（集团）股份有限公司 关于 2024 年第三季度业绩说明会 召开情况的公告 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。 中国三峡新能源（集团）股份有限公司（以下简称公司）于 2024 年 11 月 7 日通过网络视频直播方式举办 2024 年第三季度 业绩说明会，现将召开情况公告如下： 一、基本情况 时间：2024 年 11 月 7 日 10:00-11:00 方式：网络视频直播 机构名称（排名不分先后）：中信证券、华泰证券、海通证 券、国泰君安证券、中信建投证券、银河证券、招商证券、长江 证券、天风证券、国联证券、兴业证券、华源证券、财通证券等。 公司参会人员：总会计师、董事会秘书、总法律顾问兼首席 合规官杨贵芳，证券事务代表王蓉及相关部门负责人。 二、交流的主要问题及公司回复概要 2．公司目前储备的新能源基地项目（包括最新的南疆基地 项目）具体的分布和规划？ 答：公司围绕国家能源战略和顶层规划，聚焦陆上大基地、 海上引领者两大重点，加 ...

Investment Rating - The investment rating for the company is "Accumulate" (maintained) [3] Core Views - The company's Q3 2024 performance exceeded expectations, driven by improved wind resources, with a year-on-year net profit growth of 15% [1][3] - The company reported a total power generation of 16.487 billion kWh in Q3 2024, representing a year-on-year increase of 38.05% [1] - The company plans to invest in a large-scale new energy base in Xinjiang with a total capacity of 21.5 GW, which includes 8.5 GW of solar, 4 GW of wind, 4 GW of thermal power, and 5 GW of energy storage [4] Summary by Sections Financial Performance - In Q3 2024, the company achieved an operating revenue of 6.701 billion yuan, a year-on-year increase of 19.97%, and a net profit attributable to shareholders of 1.055 billion yuan, a year-on-year increase of 14.69% [3] - The gross profit margin for Q3 was 48.5%, an increase of approximately 2 percentage points year-on-year [1] Investment Plans - The planned investment in the Xinjiang new energy base project totals 71.85 billion yuan, with a capital contribution of 25% [4] - The project is designed to integrate wind, solar, thermal, and energy storage, ensuring synchronized construction with the high-voltage direct current transmission project [4] Market Outlook - Recent favorable policies for green electricity are expected to enhance the value of renewable energy [4] - The report anticipates that administrative measures to stabilize electricity prices and enhance green certificate values will improve the return expectations for future renewable energy projects [4] Earnings Forecast - The forecast for net profit attributable to shareholders for 2024-2026 is 6.72 billion, 7.01 billion, and 7.32 billion yuan, with corresponding growth rates of -6.4%, 4.2%, and 4.5% [5] - The current stock price corresponds to a price-to-earnings ratio (P/E) of 21, 20, and 19 for the years 2024, 2025, and 2026 respectively [5]

Investment Rating - The report maintains a "Buy" rating for the company, with a target price reflecting a potential upside of over 20% within the next six months [5][13]. Core Insights - The company reported a revenue of 21.76 billion yuan for the first three quarters of 2024, representing a year-on-year growth of 12.81%. However, the net profit attributable to shareholders decreased by 6.31% to 5.09 billion yuan [1]. - In Q3 alone, the company achieved a revenue of 6.70 billion yuan, marking a 19.97% increase year-on-year, while the net profit attributable to shareholders rose by 14.69% to 1.06 billion yuan [1][3]. - The company's power generation increased significantly in Q3, with a total output of 16.49 billion kWh, a year-on-year growth of 38.05%, driven by the commissioning of new units [2]. Financial Performance - The gross margin for Q3 improved by 1.89 percentage points to 48.5%, despite a 15.73% increase in operating costs due to higher depreciation and operational expenses from new units [3]. - The company’s net profit margin for Q3 was 21.10%, an increase of 1.51 percentage points year-on-year [3]. - The company has a robust project pipeline, with a total planned installed capacity of 23.48 million kW as of June, including significant contributions from wind and solar projects [4]. Future Projections - The profit forecast for 2024-2026 has been adjusted downwards, with expected net profits of 7.20 billion, 8.20 billion, and 9.10 billion yuan respectively, corresponding to P/E ratios of 19, 17, and 15 [4].

Investment Rating - The report maintains an "Outperform the Market" rating for the company [6][4][17]. Core Views - The company's revenue has increased due to growth in electricity generation, but net profit has declined due to falling electricity prices [1][8]. - The company is advancing its renewable energy projects, which are expected to drive future growth in installed capacity [3][17]. - The decline in net profit is attributed to several factors, including an increase in grid parity electricity and fluctuations in market transactions affecting overall electricity prices [1][8]. Summary by Sections Financial Performance - For the first three quarters of 2024, the company achieved revenue of 21.76 billion yuan (+12.81%) and a net profit of 5.09 billion yuan (-6.31%) [1][8]. - In Q3 2024, revenue reached 6.70 billion yuan (+19.97%) with a net profit of 1.06 billion yuan (+14.69%) [1][8]. - The decline in net profit is due to increased grid parity electricity, changes in electricity structure, and a 46.23% drop in investment income from associates [1][8]. Electricity Generation - In Q3 2024, total electricity generation was 16.49 billion kWh (+38.05%), with wind power generation at 9.18 billion kWh (+24.08%) and solar power generation at 6.78 billion kWh (+62.74%) [2][11]. - The company has seen significant growth in both onshore and offshore wind power generation [11]. Project Development - The company plans to invest in the Xinjiang Southern Taklamakan Desert renewable energy base project, which will include 8.5 million kW of solar and 4 million kW of wind capacity [3][17]. - The total investment for the Southern base project is estimated at 71.85 billion yuan, with a construction period of 3-4 years [3][17]. Profit Forecasts - The profit forecasts for 2024-2026 have been adjusted downwards due to the impact of declining electricity prices, with expected net profits of 7.00 billion yuan, 8.00 billion yuan, and 8.90 billion yuan respectively [4][17]. - The earnings per share (EPS) are projected to be 0.25 yuan, 0.28 yuan, and 0.31 yuan for the respective years [4][17].

Investment Rating - The report maintains a "Recommended" rating for the company [5]. Core Views - The company reported a revenue of 21.76 billion yuan for the first three quarters of 2024, representing a year-on-year increase of 12.81%. The net profit attributable to shareholders was 5.09 billion yuan, a decrease of 6.31% year-on-year [1]. - In Q3 2024, the company achieved a revenue of 6.70 billion yuan, up 19.97% year-on-year, with a net profit of 1.06 billion yuan, reflecting a year-on-year increase of 14.69% [1]. - The company plans to invest in a large-scale renewable energy project in Xinjiang, which includes 8.5 million kilowatts of solar power and 4 million kilowatts of wind power, with a total investment of 71.8 billion yuan [3]. Financial Performance Summary - For Q3 2024, the total power generation reached 16.49 billion kWh, a year-on-year increase of 38.05%. Wind power generation was 9.18 billion kWh, up 24.08%, and solar power generation was 6.78 billion kWh, up 62.74% [2]. - The average on-grid electricity price in Q3 2024 was 0.406 yuan per kWh, down 13.1% year-on-year, while the cost per kWh was 0.209 yuan, down 16.2%, leading to a gross margin increase of 1.89 percentage points to 48.50% [2]. - The company forecasts net profits of 7.20 billion yuan, 8.63 billion yuan, and 9.67 billion yuan for 2024, 2025, and 2026, respectively, with corresponding PE ratios of 18.29x, 15.26x, and 13.62x [3][4].