Shangneng Electric plans to repurchase shares; Chuantou Energy reports a year-on-year profit growth in Q1
Daily Economic News – April 14, 2025
Oriental Sunrise: Major shareholder Lin Haifeng lifts part of share pledge
On April 13, Oriental Sunrise announced that it has received notification from its major shareholder Lin Haifeng regarding the lifting of the pledge on some of his shares. A total of 18.1366 million shares were released from the pledge, which accounts for 6.41% of his holdings and 1.59% of the company’s total share capital. As of the announcement date, Lin Haifeng has pledged a total of 84.65 million shares, which is 29.91% of his holdings and 7.43% of the company’s total shares. Currently, there is no risk of forced liquidation or transfer of the pledged shares.
Comment: The partial lifting of the pledge by Lin Haifeng indicates a stable financial situation, even though some shares remain pledged.
No.2 Shangneng Electric: Plans to repurchase shares worth between 36 million and 72 million yuan
On April 13, Shangneng Electric announced that it intends to repurchase part of its A-shares through centralized bidding using its own or self-raised funds, aimed at implementing an equity incentive plan in the future. The total repurchase amount will not be less than 36 million yuan and will not exceed 72 million yuan. The repurchase period will last for 12 months from the date the board of directors approves the repurchase plan.
Comment: This planned buyback illustrates the company’s recognition of its own value and confidence in future development. The total repurchase amount of no less than 36 million yuan demonstrates Shangneng Electric’s solid financial position. This action is expected to enhance market confidence and stabilize stock prices, which will be beneficial for the company’s long-term growth.
No.3 Chuantou Energy: Q1 net profit rises by 16.16%
On April 11, Chuantou Energy announced that for the first quarter of 2025, its operating revenue reached 364 million yuan, marking a 41.17% year-on-year increase, while the net profit attributable to shareholders amounted to 1.479 billion yuan, showing a growth of 16.16%. The main reasons for this growth include the commencement of power generation at the Yinjiang Hydropower Station and increased income from its subsidiaries. Meanwhile, the company’s total assets reached 67.504 billion yuan, a 3.77% increase since the beginning of the year.
Comment: Chuantou Energy’s impressive performance in Q1 2025, with both revenue and net profit achieving double-digit growth, is largely attributed to the launch of the Yinjiang Hydropower Station and higher earnings from subsidiaries. The increase in total assets reflects steady expansion of the company’s asset base. This growth in performance is likely to boost market confidence and drive stock prices up.
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