Core Viewpoint - Zhejiang Chint Electrics Co., Ltd. has withdrawn its application for the IPO of its subsidiary Chint Aneng Digital Energy, citing strong business performance and growth as the primary reasons for this decision [1] Group 1: Company Performance - Chint Aneng has shown rapid growth, with over 1.8 million solar power stations built to date [1] - In the first half of 2023, Chint Aneng reported a net profit exceeding 1.9 billion yuan [1] - The decision to halt the IPO may be related to the net profit nearing the upper limit of the split-off listing rules [1] Group 2: Financial Implications - The withdrawal of the IPO application is not expected to have a significant adverse impact on Chint Electrics' overall financial condition and operational activities [1] - Chint Aneng's operating results will continue to be included in Chint Electrics' consolidated financial statements [1] Group 3: Market Reaction - The termination of the IPO has drawn market attention, but Chint Electrics has assured that Chint Aneng's business operations remain stable and are proceeding normally [1]

Core Viewpoint - The company has decided to terminate the plan for the spin-off listing of its subsidiary, Zhejiang Zhengtai Aneng Digital Energy Co., Ltd., on the Shanghai Stock Exchange due to favorable business development and performance growth, and this decision will not adversely affect the company's overall strategic planning or financial status [2][4]. Summary by Sections Spin-off Listing Background - On October 28, 2022, the company approved the plan for the spin-off listing of its subsidiary, Zhengtai Aneng, and authorized management to initiate preparatory work [4]. - On June 4, 2023, the company further approved the listing plan and sought shareholder authorization for related matters [4]. - On September 6, 2023, the company received notification from the Shanghai Stock Exchange regarding the acceptance of Zhengtai Aneng's IPO application [4]. Termination of Spin-off Listing - The company has actively advanced the spin-off listing process, including due diligence and compliance with legal requirements, but has now decided to terminate the listing plan after careful consideration of market conditions [2]. - The termination of the spin-off will not have a substantial impact on the company's operations or financial condition [2]. - Zhengtai Aneng had planned to issue no less than 10% of its total shares and aimed to raise 6 billion yuan, with a potential post-IPO valuation exceeding 60 billion yuan [2]. Financial Performance - In the first half of 2025, the company reported revenues of 14.798 billion yuan and a net profit of 1.901 billion yuan, with an added installed capacity of over 9 GW and a trading scale of over 3 GW [2]. - The company held an installed capacity of approximately 25 GW during the reporting period [2].

Core Viewpoint - Zhejiang Chint Electrics Co., Ltd. has withdrawn its application for the listing of its subsidiary Chint Aneng Digital Energy on the Shanghai Stock Exchange, citing strong business performance and growth as the primary reasons for this decision [2]. Group 1: Company Performance - Chint Aneng has shown rapid growth, with over 1.8 million solar power stations built to date, establishing itself as a leader in the household photovoltaic sector [2]. - In the first half of 2023, Chint Aneng reported a net profit exceeding 1.9 billion yuan [2]. Group 2: Financial Implications - The planned IPO aimed to raise 6 billion yuan, primarily for collaborative projects in household photovoltaic power stations [2]. - The decision to halt the IPO is not expected to have a significant adverse impact on Chint Electrics' overall financial condition or operational activities [2]. Group 3: Market Reactions - The termination of the spin-off listing has drawn market attention, but Chint Electrics has assured that Chint Aneng's operational status remains stable and that all business activities are proceeding normally [2].

Group 1 - The core point of the article is that Zhejiang Zhengtai Aneng Digital Energy Co., Ltd. (Zhengtai Aneng) has withdrawn its application for listing on the Shanghai Stock Exchange, citing strong business performance and rapid profit growth as reasons for this decision [1][2] - Zhengtai Aneng has built over 1.8 million solar power stations to date, focusing on the household photovoltaic sector [2] - The company reported a net profit of 1.901 billion yuan in the first half of the year, which accounts for 74.4% of the parent company Zhengtai Electric's net profit of 2.554 billion yuan during the same period, with a year-on-year profit growth of 49.80% [1] Group 2 - The decision to withdraw the listing application is also influenced by the tightening regulations on spin-off listings in the A-share market, particularly following the new "National Nine Articles" that impose stricter controls [1] - Zhengtai Electric had previously planned to issue no less than 271 million shares and raise 6 billion yuan for household photovoltaic station projects [2] - As of August 29, 20 A-share companies have updated their spin-off listing progress, with 5 companies having completed the process, 9 in progress, and 6 having terminated their applications [2]

Core Viewpoint - Zhejiang Chint Electrics Co., Ltd. has decided to withdraw the application for the IPO of its subsidiary Chint Aneng Digital Energy (Zhejiang) Co., Ltd. on the Shanghai Stock Exchange, citing strong business performance and growth as the primary reasons for this decision [2][3] Group 1: Company Performance - Chint Aneng submitted its prospectus in 2023, aiming to issue no less than 271 million shares to raise 6 billion yuan, primarily for household photovoltaic projects [2] - As a leader in the household photovoltaic sector, Chint Aneng has built over 1.8 million power stations to date [2] - In the first half of 2025, Chint Aneng achieved a net profit exceeding 1.9 billion yuan, indicating robust financial health [2] Group 2: Strategic Implications - The withdrawal from the IPO may allow Chint Aneng greater flexibility in expanding its business, particularly in the commercial distributed photovoltaic market and emerging fields like virtual power plants and energy-as-a-service (EaaS) [3] - Chint Aneng's operational performance will continue to contribute to Chint Electrics' consolidated financial statements, providing stable returns to shareholders [3] - The household photovoltaic market is projected to grow, with the National Energy Administration estimating an additional 16 million kilowatts of installed capacity during the 14th Five-Year Plan, indicating a favorable market environment for Chint Aneng [3]

Core Viewpoint - Chint Electric (601877.SH) has decided to voluntarily withdraw the application for its subsidiary Chint Aneng Digital Energy (Zhejiang) Co., Ltd. to list on the Shanghai Stock Exchange main board, based on the company's overall business development considerations and the strong performance of Chint Aneng [1] Group 1 - Chint Aneng achieved an operating income of approximately 14.798 billion yuan and a net profit of 1.901 billion yuan in the first half of 2025, indicating a rapid growth trend in performance [1] - The decision to withdraw the listing application is not expected to have a significant impact on the normal production and operation of Chint Electric and Chint Aneng, with all business segments progressing steadily [1]

Core Viewpoint - Chint Electric has decided to terminate the spin-off of Chint Aneng Digital Energy (Zhejiang) Co., Ltd. from its main board IPO application, citing strong business performance and growth as the reasons for this decision [2] Group 1: Company Decision - Chint Electric announced the withdrawal of the IPO application for Chint Aneng, which was originally intended to raise 6 billion yuan [2] - The termination of the spin-off will not have a substantial impact on Chint Electric's operations or financial status [2] Group 2: Business Performance - Chint Aneng's main business includes household photovoltaic power station cooperation, sales, system equipment sales, and after-sales operation and maintenance services [2] - For the first half of 2025, Chint Aneng is projected to achieve approximately 14.798 billion yuan in revenue and around 1.901 billion yuan in net profit [2]

Core Viewpoint - Chint Electric (601877.SH) announced the decision to terminate the plan for the spin-off listing of its subsidiary, Chint Aneng Digital Energy (Zhejiang) Co., Ltd., due to favorable business performance and market conditions [1] Group 1: Spin-off Plan - The company held the fourth meeting of the ninth board of directors and the third meeting of the ninth supervisory board on October 28, 2022, where it approved the proposal for the spin-off listing of Chint Aneng [1] - The management was authorized to initiate the preparatory work for the spin-off listing of Chint Aneng [1] - The company actively advanced the spin-off process, including conducting due diligence with intermediaries and adhering to legal and regulatory requirements [1] Group 2: Business Performance and Market Conditions - Chint Aneng has shown good business development and rapid performance growth, which influenced the company's decision-making [1] - After comprehensive consideration of the current market environment and thorough communication with relevant parties, the company decided to withdraw the application for the spin-off listing on the Shanghai Stock Exchange [1]

智通财经APP讯，正泰电器(601877.SH)发布公告，2022年10月28日，公司召开第九届董事会第四次会 议和第九届监事会第三次会议，审议通过了《关于筹划控股子公司分拆上市的议案》，同意公司控股子 公司正泰安能数字能源(浙江)股份有限公司(简称"正泰安能")筹划分拆上市事宜，并授权公司及正泰安 能管理层启动分拆正泰安能上市的前期筹备工作。 公司自筹划本次分拆上市以来，积极推进相关事宜，组织中介机构开展尽职调查等相关工作，并严格按 照相关法律法规和规范性文件的要求履行了决策程序和信息披露义务。鉴于正泰安能业务发展较好、业 绩增速快，为统筹安排公司业务发展，经公司综合判断当前市场环境等因素考虑，与相关各方充分沟通 及审慎论证后，公司决定终止分拆正泰安能至上交所主板上市，并撤回相关上市申请文件。 ...

Summary of Key Points Core Viewpoint - Zhejiang Chint Electrics (601877.SH) has been actively repurchasing its shares, indicating a commitment to enhancing shareholder value through buybacks [1] Group 1: Share Repurchase Details - As of August 2025, the company has repurchased a total of 4.2773 million shares through centralized bidding, which accounts for 0.20% of the total share capital [1] - The highest purchase price for the repurchased shares was 23.67 CNY per share, while the lowest was 22.78 CNY per share, with a total expenditure of 99.9954 million CNY (excluding transaction fees) [1] - By the end of August 2025, the cumulative repurchased shares reached 17.414 million, representing 0.81% of the total share capital, with a total payment of 399.9155 million CNY (excluding transaction fees) [1]