7月10日，華電新能首次(ci)上市新股(gu)發(fa)行結果公告(gao)，網(wang)(wang)上投資(zi)者(zhe)(zhe)認購(gou)數量為(wei)21.86億股(gu)、認購(gou)金額為(wei)69.53億元，網(wang)(wang)上投資(zi)者(zhe)(zhe)棄(qi)購(gou)數量為(wei)823.09萬股(gu)，網(wang)(wang)上棄(qi)購(gou)率(lv)為(wei)0.375%。經核查確(que)認，共有419家網(wang)(wang)下(xia)投資(zi)者(zhe)(zhe)管理的(de)4883個有效報(bao)價(jia)網(wang)(wang)下(xia)申購(gou)，申購(gou)數量為(wei)101312500萬股(gu)，網(wang)(wang)下(xia)投資(zi)者(zhe)(zhe)全額認購(gou)。

另外根據公告，本次(ci)發行(xing)初始戰略(lve)配(pei)售(shou)發行(xing)數量為2484472107股(gu)(gu)，占(zhan)本次(ci)發行(xing)數量的50%（超額配(pei)售(shou)選(xuan)擇(ze)(ze)權(quan)行(xing)使(shi)前），約占(zhan)超額配(pei)售(shou)選(xuan)擇(ze)(ze)權(quan)全額行(xing)使(shi)后發行(xing)總股(gu)(gu)數的43.48%。

參與(yu)華電新能(neng)本次戰略(lve)配售的(de)共有(you)(you)(you)(you)18家(jia)(jia)投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)者，主要分為兩類(lei)。一類(lei)是與(yu)華電新能(neng)經營業(ye)務具(ju)有(you)(you)(you)(you)戰略(lve)合(he)作關系或(huo)長(chang)期合(he)作愿(yuan)景的(de)大(da)型企(qi)(qi)業(ye)或(huo)其(qi)下屬(shu)企(qi)(qi)業(ye)，包括中(zhong)國(guo)華電集團產(chan)(chan)融控股有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)、蜀(shu)道(dao)（四川）創(chuang)(chuang)新投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)發展(zhan)(zhan)有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)、國(guo)新發展(zhan)(zhan)投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)管(guan)理(li)有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)、北京(jing)誠通(tong)金(jin)控投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)、南方(fang)工業(ye)資(zi)(zi)(zi)(zi)產(chan)(chan)管(guan)理(li)有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)責任(ren)公(gong)(gong)司(si)(si)、中(zhong)船投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)發展(zhan)(zhan)有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)、福建(jian)省國(guo)有(you)(you)(you)(you)資(zi)(zi)(zi)(zi)產(chan)(chan)管(guan)理(li)有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)等14家(jia)(jia)。另一類(lei)是具(ju)有(you)(you)(you)(you)長(chang)期投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)意愿(yuan)的(de)大(da)型保(bao)險公(gong)(gong)司(si)(si)或(huo)其(qi)下屬(shu)企(qi)(qi)業(ye)、國(guo)家(jia)(jia)級大(da)型投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)基(ji)金(jin)或(huo)其(qi)下屬(shu)企(qi)(qi)業(ye)，包括中(zhong)國(guo)人壽(shou)保(bao)險股份(fen)(fen)(fen)有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)、中(zhong)國(guo)保(bao)險投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)基(ji)金(jin)（有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)合(he)伙）、中(zhong)央企(qi)(qi)業(ye)鄉(xiang)村產(chan)(chan)業(ye)投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)基(ji)金(jin)股份(fen)(fen)(fen)有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)以(yi)及國(guo)風投(tou)(tou)(tou)(tou)創(chuang)(chuang)新投(tou)(tou)(tou)(tou)資(zi)(zi)(zi)(zi)基(ji)金(jin)股份(fen)(fen)(fen)有(you)(you)(you)(you)限(xian)(xian)(xian)(xian)公(gong)(gong)司(si)(si)等。

根據華(hua)電(dian)新能(neng)上市招(zhao)股(gu)書，擬以每股(gu)3.18元(yuan)的(de)價格發行(xing)496894.4214萬(wan)(wan)(wan)股(gu)，募資總額將(jiang)達1580124.26萬(wan)(wan)(wan)元(yuan)。其中(zhong)計(ji)(ji)劃使用募集資金約180億元(yuan)，投建風(feng)力(li)光伏項(xiang)目合計(ji)(ji)1516.55萬(wan)(wan)(wan)千瓦，覆蓋(gai)全國23個(ge)省市自治(zhi)區。

作為中(zhong)國華(hua)電集團下屬(shu)單位，華(hua)電新(xin)能(neng)(neng)的(de)(de)主營業務(wu)就是風(feng)力發(fa)電和(he)光伏發(fa)電。截至(zhi)2024年底，華(hua)電新(xin)能(neng)(neng)控股發(fa)電項(xiang)目(mu)裝機容(rong)量(liang)為6861.71萬(wan)千瓦，其中(zhong)風(feng)電3202.45萬(wan)千瓦，太陽(yang)能(neng)(neng)發(fa)電 3659.26萬(wan)千瓦。報告(gao)期末(mo)，其新(xin)能(neng)(neng)源裝機規(gui)模方面市占(zhan)率(lv)超(chao)(chao)過(guo)4%，其中(zhong)風(feng)電裝機規(gui)模市占(zhan)率(lv)超(chao)(chao)過(guo)6%，太陽(yang)能(neng)(neng)發(fa)電裝機規(gui)模市占(zhan)率(lv)超(chao)(chao)過(guo)4%。目(mu)前，華(hua)電新(xin)能(neng)(neng)儲備的(de)(de)已通(tong)過(guo)發(fa)改委(wei)備案的(de)(de)項(xiang)目(mu)裝機規(gui)模已超(chao)(chao)過(guo)132GW。

報告期內(nei)，華(hua)電新能營(ying)業收入分別為(wei)2,467,334.41 萬(wan)(wan)元、2,958,012.90 萬(wan)(wan)元和3,396,775.09萬(wan)(wan)元，其中風力發電營(ying)收占(zhan)(zhan)比(bi)為(wei)67.52%、光伏營(ying)收占(zhan)(zhan)比(bi)32.48%。

另外，華電(dian)(dian)(dian)(dian)(dian)新(xin)能(neng)也指出，市(shi)(shi)(shi)場(chang)化(hua)(hua)交(jiao)易(yi)(yi)導致平(ping)均(jun)售(shou)電(dian)(dian)(dian)(dian)(dian)單價(jia)波動和業(ye)績波動風(feng)險。在(zai)2022-2024年(nian)報(bao)告期內，華電(dian)(dian)(dian)(dian)(dian)新(xin)能(neng)營(ying)市(shi)(shi)(shi)場(chang)化(hua)(hua)交(jiao)易(yi)(yi)電(dian)(dian)(dian)(dian)(dian)量分別(bie)為 265.91 億千(qian)(qian)瓦時、409.82 億千(qian)(qian)瓦時及 543.05億千(qian)(qian)瓦時，占上(shang)網(wang)(wang)電(dian)(dian)(dian)(dian)(dian)量比(bi)例(li)分別(bie)為 51.60%、61.80%及 62.29%，市(shi)(shi)(shi)場(chang)化(hua)(hua)交(jiao)易(yi)(yi)電(dian)(dian)(dian)(dian)(dian)量占比(bi)有所上(shang)升。市(shi)(shi)(shi)場(chang)化(hua)(hua)交(jiao)易(yi)(yi)占比(bi)的(de)提升將對包(bao)括新(xin)能(neng)源發(fa)電(dian)(dian)(dian)(dian)(dian)企(qi)業(ye)未來的(de)上(shang)網(wang)(wang)電(dian)(dian)(dian)(dian)(dian)量和平(ping)價(jia)售(shou)電(dian)(dian)(dian)(dian)(dian)單價(jia)產生影(ying)響，華電(dian)(dian)(dian)(dian)(dian)新(xin)能(neng)表示，以其2022年(nian)度的(de)經營(ying)狀況(kuang)為基礎，假(jia)設上(shang)網(wang)(wang)電(dian)(dian)(dian)(dian)(dian)量及市(shi)(shi)(shi)場(chang)化(hua)(hua)交(jiao)易(yi)(yi)結(jie)算(suan)平(ping)均(jun)電(dian)(dian)(dian)(dian)(dian)價(jia)不變(bian)的(de)情形下(xia)，鑒于(yu)2022年(nian)度市(shi)(shi)(shi)場(chang)化(hua)(hua)電(dian)(dian)(dian)(dian)(dian)量交(jiao)易(yi)(yi)結(jie)算(suan)電(dian)(dian)(dian)(dian)(dian)價(jia)低(di)于(yu)燃(ran)煤發(fa)電(dian)(dian)(dian)(dian)(dian)基準電(dian)(dian)(dian)(dian)(dian)價(jia)，若市(shi)(shi)(shi)場(chang)化(hua)(hua)交(jiao)易(yi)(yi)上(shang)網(wang)(wang)電(dian)(dian)(dian)(dian)(dian)量占比(bi)上(shang)升10%，則公司整(zheng)體平(ping)均(jun)售(shou)電(dian)(dian)(dian)(dian)(dian)單價(jia)下(xia)降0.96%。

從電(dian)(dian)源側儲能(neng)看，各(ge)省陸(lu)續出臺政策支持“風光水火(huo)儲一體(ti)化(hua)”多能(neng)互(hu)補模式，儲能(neng)配置(zhi)比例基本都在5％~20％之間，一般要(yao)求(qiu)儲能(neng)時長為2小(xiao)時，結(jie)合電(dian)(dian)網側和(he)用戶(hu)側儲能(neng)，將在消納新能(neng)源、削峰(feng)填谷、增強電(dian)(dian)網穩定性和(he)應急(ji)供電(dian)(dian)等發揮(hui)多重作(zuo)用。

華電(dian)新能本(ben)次發(fa)(fa)行并上市(shi)的募集資金扣除發(fa)(fa)行費(fei)用(yong)后，將投入風力(li)發(fa)(fa)電(dian)、太陽(yang)能發(fa)(fa)電(dian)項目建設。而募投項目將圍繞(rao)風光大基(ji)地、就地消納負(fu)荷中心、新型電(dian)力(li)系(xi)統協同(tong)發(fa)(fa)展(zhan)、綠色生態文明協同(tong)發(fa)(fa)展(zhan)四大領域布局(ju)，其中也有(you)儲能的應用(yong)。具(ju)體項目詳(xiang)情如下：

一是(shi)風光(guang)大基地(di)項目，圍(wei)繞國家提出(chu)的(de)(de)清(qing)潔能(neng)源基地(di)概念,堅(jian)持推進具有競爭力的(de)(de)基地(di)式規模化項目建設，發揮作為大型央企資金實力、技術經驗和市場聲譽等方面(mian)的(de)(de)優勢，推動風光(guang)大基地(di)項目。

二是就(jiu)(jiu)地消(xiao)(xiao)納(na)負(fu)荷(he)中(zhong)心項(xiang)目，充分發揮(hui)負(fu)荷(he)中(zhong)心就(jiu)(jiu)地生產就(jiu)(jiu)地消(xiao)(xiao)納(na)特色，積極(ji)探索光伏(fu)與其他產業的融合，布局光伏(fu)復(fu)合以及整縣光伏(fu)等就(jiu)(jiu)地消(xiao)(xiao)納(na)負(fu)荷(he)中(zhong)心項(xiang)目。

華電(dian)新能(neng)將在中東部負(fu)荷(he)中心(xin)及(ji)周邊地區開發(fa)建設(she)分散式風(feng)電(dian)和分布式光(guang)(guang)伏(fu)(fu)，共包含18個項目、總裝機量(liang)達3625.5MW，充(chong)分發(fa)揮(hui)負(fu)荷(he)中心(xin)就地生產就地消納特色，積極(ji)探索光(guang)(guang)伏(fu)(fu)與其他產業的融合，布局光(guang)(guang)伏(fu)(fu)復合以及(ji)整縣光(guang)(guang)伏(fu)(fu)等“就地消納負(fu)荷(he)中心(xin)項目”，項目平均資本金凈利潤率為11.24%，平均投(tou)資回收期（稅后）為13年。

三(san)是新(xin)型電(dian)(dian)力(li)系統協(xie)同(tong)發展項(xiang)(xiang)目，積極融入(ru)新(xin)型電(dian)(dian)力(li)系統建設，在風光資源較好位(wei)置(zhi)配套儲(chu)能可(ke)以(yi)調(diao)和新(xin)能源間歇性(xing)、波(bo)動性(xing)，華電(dian)(dian)新(xin)能將積極在甘肅(su)、貴州等地布局風光配儲(chu)“新(xin)型電(dian)(dian)力(li)系統協(xie)同(tong)發展項(xiang)(xiang)目”，項(xiang)(xiang)目平(ping)均資本(ben)金凈利潤率為(wei)11.30%，平(ping)均投資回(hui)收期（稅后）為(wei)12.86年。共包(bao)含22個項(xiang)(xiang)目、裝機量合計3052MW。

四是綠(lv)色生態文明協(xie)同發展(zhan)項目(mu)，通過板上發電和板下(xia)經(jing)濟、治(zhi)沙改(gai)土、礦山治(zhi)理、資源綜合利用(yong)等發展(zhan)模式(shi)，實現新(xin)能(neng)源發電、生態恢(hui)復、荒漠治(zhi)理多位一體模式(shi)，將(jiang)社會效(xiao)益融入經(jing)濟效(xiao)益，積極布局光伏治(zhi)沙、風電老舊改(gai)造、復雜地形山地風電等綠(lv)色生態文明協(xie)同發展(zhan)項目(mu)。根據計劃，華電新(xin)能(neng)將(jiang)開(kai)展(zhan)20個項目(mu)，總裝機量達(da)3238MW。項目(mu)平(ping)(ping)均資本金(jin)凈利潤率為(wei)9.86%，平(ping)(ping)均投資回收(shou)期(qi)（稅后）為(wei)12.80年。