Zhongjin Electric will begin trading on September 29, 2025, in the Shanghai Stock Exchange, as announced on September 28, 2023, at 19:38. The Zhongjin Electric (002169) has confirmed its intention to start trading and is currently in the process of acquiring shares. This acquisition will involve a limited number of shares, specifically aimed at the Shanghai Electric Power segment.
Starting from September 29, 2025, the trading phase is expected to last no more than 10 trading days. Based on preliminary calculations from Zhongjin Electric, the expected trading volume may not significantly increase during this period, and it is anticipated that the market will not drive the stock price up significantly.
According to reports, Zhongjin Electric is a key player in the electric power sector, focusing on energy storage systems and advanced technologies such as EMS, BMS, and battery packs. The company aims to innovate and expand its capabilities in the energy sector.
On September 19, Zhongjin Electric released its operational summary, indicating that 18 companies have been engaged in discussions regarding the development of energy storage projects. The company is also in the process of implementing strategies for the construction and operation of energy storage stations.
The energy storage project includes various phases, with the first phase (200MW/400MWh) set to commence in 2024. Subsequent phases will also feature similar capacities aimed at enhancing energy efficiency and reliability.
In July, Guangdong Province announced a policy for the construction of energy storage stations, which may lead to an increase in the number of storage facilities in the region. The guidelines aim to ensure the sustainable development of the energy storage market while maintaining regulatory control over the number of projects.
Zhongjin Electric is also looking into expanding its network of energy storage stations and is collaborating with various stakeholders to enhance its service offerings. The company’s focus on innovation and efficiency is expected to play a crucial role in its future growth.
For further updates and in-depth analysis, please check the Zhongjin Electric financial reports.
Original article by NenPower, If reposted, please credit the source: https://nenpower.com/blog/smart-electric-to-launch-limited-quantity-power-purchase-program-starting-september-29/
