Shangneng Electric Plans to Buy Back Shares; ChuanTuo Energy Reports Year-on-Year Net Profit Growth in Q1
Date: April 14, 2025
1. Dongfang Risheng: Major Shareholder Lin Haifeng Lifts Partial Pledge on Shares
On April 13, Dongfang Risheng announced that it received notification from its major shareholder, Lin Haifeng, regarding the lifting of the pledge on part of his shares. A total of 18.1366 million shares were released from pledge, which accounts for 6.41% of his holdings and 1.59% of the company’s total shares. As of the announcement date, Lin Haifeng had a cumulative pledge of 84.65 million shares, representing 29.91% of his holdings and 7.43% of the company’s total shares. Currently, there are no risks of forced liquidation or transfer of the pledged shares.
Comment: The partial lifting of the pledge by Lin Haifeng indicates financial stability, as there are no risks associated with forced liquidation.
2. Shangneng Electric: Plans to Repurchase Shares Worth Between 36 million to 72 million Yuan
On April 13, Shangneng Electric announced its intention to repurchase a portion of its A-shares through centralized bidding, using its own funds or funds raised. The total amount for the buyback will be no less than 36 million yuan and no more than 72 million yuan. The repurchase period is set for 12 months from the date of the board’s approval of the share buyback plan.
Comment: Shangneng Electric’s plan to repurchase A-shares for an equity incentive program reflects the company’s recognition of its own value and confidence in its future development. The financial condition of the company appears solid, and this move is expected to enhance market confidence and stabilize stock prices, which will be beneficial for the company’s long-term growth.
3. ChuanTuo Energy: Reports a Year-on-Year Net Profit Increase of 16.16% in Q1
On April 11, ChuanTuo Energy reported that its operating revenue for the first quarter of 2025 reached 364 million yuan, marking a year-on-year increase of 41.17%. The net profit attributable to shareholders was 1.479 billion yuan, up 16.16% from the previous year. The primary contributors to this growth were the commissioning of the Yinjiang Hydropower Station and an increase in revenue from its subsidiaries. Additionally, the company’s total assets reached 67.504 billion yuan, reflecting a 3.77% increase since the beginning of the year.
Comment: ChuanTuo Energy’s impressive performance in Q1 2025, with double-digit growth in both revenue and net profit, can be attributed to the operations of the Yinjiang Hydropower Station and increased revenue from subsidiaries. The growth in total assets demonstrates a steady expansion of the company’s asset base, which is likely to boost market confidence and drive stock price appreciation.
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