Jinlang Technology reported a remarkable increase in net profit for the first quarter of 2025, soaring by nearly 860% year-on-year. On April 28, the company announced its first-quarter report, revealing an operating revenue of 1.518 billion yuan, which represents an 8.65% increase compared to the previous year. The net profit attributable to shareholders reached 195 million yuan, showcasing an impressive growth of 859.78%. This surge is largely attributed to rising operating revenue and an improved gross profit margin. In the fourth quarter of 2024, Jinlang Technology recorded a net profit of 22.2826 million yuan, indicating a quarter-on-quarter increase of 773.79% for the first quarter of 2025. Analysts note that the strong performance in Q1 2025 highlights the company’s competitive advantage within the industry, with revenue growth and improved gross margins being key factors driving this positive trend. The significant quarter-on-quarter increase in net profit further emphasizes the company’s operational efficiency, instilling confidence among investors.
China Southern Power Grid Energy Storage announced on April 28 its plan to invest 8.035 billion yuan in the construction of the Xichou Pumped Storage Power Station in Yunnan. This facility is a key project outlined by the National Energy Administration within the province’s 14th Five-Year Plan, located in Xichou County, Wenshan Prefecture, with a planned capacity of 1.2 million kW. The project is expected to be fully operational in the early stages of the 16th Five-Year Plan. This strategic investment aligns with the national energy transition strategy, supports local economic growth, and promises long-term stable returns for China Southern Power Grid Energy Storage, demonstrating its proactive approach in the renewable energy sector.
China Energy Conservation Wind Power announced on April 28 its intention to repurchase shares worth between 100 million and 200 million yuan. The company plans to use its own funds and a special loan for stock repurchase to acquire shares through a centralized bidding process, with a maximum repurchase price set at 4.44 yuan per share. The repurchased shares will be utilized to reduce the company’s registered capital. This move aims to decrease the registered capital and may provide short-term support for the company’s stock price. It also reflects the company’s recognition of its own value and confidence in future development, potentially enhancing investor trust in its long-term growth.
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