Core Insights - Qianyuan Power (002039.SZ) expects a net profit attributable to shareholders for the first three quarters of 2025 to be between 451.07 million yuan and 530.68 million yuan, representing a year-on-year growth of 70.00% to 100.00% [1] - The net profit after deducting non-recurring gains and losses is projected to be between 455.28 million yuan and 535.62 million yuan, also reflecting a year-on-year increase of 70.00% to 100.00% [1] Group 1 - The water inflow for the first three quarters of 2025 is 23.6% higher compared to the same period last year [2] - The total electricity generation for the first three quarters of 2025 is 792,386.65 million kWh, an increase of 50.09% from 527,951.78 million kWh in the same period last year [2] - The increase in electricity generation has led to higher electricity revenue and profit [2] Group 2 - Specific electricity generation figures for various power stations include: - Puding Hydropower Station: 27,985.45 million kWh - Yuziduo Hydropower Station: 62,595.06 million kWh - Yutang Hydropower Station: 16,421.24 million kWh - Qingxi Hydropower Station: 4,485.29 million kWh - Niudu Hydropower Station: 2,958.06 million kWh - Guangzhao Hydropower Station: 202,150.94 million kWh - Dongqing Hydropower Station: 244,343.15 million kWh - Mamaya Hydropower Station: 117,344.28 million kWh - Shannipo Hydropower Station: 59,161.92 million kWh [2] - The electricity generation from solar power stations includes: - Gangping Solar Power Station: 18,093.95 million kWh - Mamaya Solar Power Station: 18,134.20 million kWh - Dongqing Solar Power Station: 8,598.98 million kWh - Zhenning Bacao Phase I Solar Power Station: 10,114.13 million kWh [2]

Group 1 - The company Qianyuan Electric Power (SZ 002039) expects a net profit attributable to shareholders of approximately 451 million to 531 million yuan for the first three quarters of 2025, representing a year-on-year growth of 70% to 100% [1] - The basic earnings per share are projected to be between 1.055 yuan and 1.2412 yuan [1] - The primary reason for the performance change is attributed to a 23.6% increase in water inflow compared to the same period last year [1] Group 2 - For the first three quarters of 2025, the company's electricity generation is reported to be 792,386.65 million kWh, a 50.09% increase from 527,951.78 million kWh in the same period last year [1] - This increase in electricity generation has led to a rise in both electricity revenue and profit [1] - As of the report date, the market capitalization of Qianyuan Electric Power is 7.5 billion yuan [1] Group 3 - In the first half of 2025, the company's revenue composition shows that the electricity sector accounts for 99.61%, while other businesses contribute 0.39% [1]

每经AI快讯，10月10日，黔源电力(002039.SZ)公告称，黔源电力发布2025年前三季度业绩预告，预计 归属于上市公司股东的净利润为4.51亿元—5.31亿元，比上年同期增长70.00%—100.00%。报告期内， 公司来水较上年同期偏多23.6%，发电量同比增长50.09%，发电收入及利润增加，带动业绩大幅上升。 ...

Core Viewpoint - Qianyuan Power (002039) expects a significant increase in net profit for the first three quarters of 2025, projecting a range of 451 million to 531 million yuan, representing a year-on-year growth of 70% to 100% [1] Financial Performance - The company anticipates a 23.6% increase in water inflow for the first three quarters of 2025 compared to the same period last year [1] - Projected electricity generation for the first three quarters of 2025 is 7.924 billion kilowatt-hours, reflecting a year-on-year increase of 50.09%, which will contribute to higher revenue and profit from electricity generation [1]

[Performance Forecast Overview](index=1&type=section&id=Item%20I.%20Current%20Period%20Performance%20Forecast) The company released its Q1-Q3 2025 performance forecast, projecting significant year-over-year net profit growth [Performance Forecast Period](index=1&type=section&id=1.%20Performance%20Forecast%20Period) This section outlines the specific timeframe covered by the company's performance forecast - The performance forecast period is from January 1, 2025, to September 30, 2025[3](index=3&type=chunk) [Performance Forecast Details](index=1&type=section&id=2.%20Performance%20Forecast%20Details) The company anticipates substantial year-over-year growth in net profit and non-recurring net profit for the first three quarters of 2025 Key Financial Indicators for Q1-Q3 2025 Performance Forecast (Unit: 10,000 CNY) | Indicator | Estimated Range for Current Period | Same Period Last Year | Year-over-Year Growth Range | | :--- | :--- | :--- | :--- | | Net Profit Attributable to Shareholders of Listed Company | 45,107.47 — 53,067.61 | 26,533.80 | 70.00% — 100.00% | | Net Profit Excluding Non-recurring Gains and Losses | 45,527.57 — 53,561.84 | 26,780.92 | 70.00% — 100.00% | | Basic Earnings Per Share (CNY/share) | 1.0550 — 1.2412 | 0.6206 | - | [Communication with Accounting Firm](index=1&type=section&id=Item%20II.%20Communication%20with%20Accounting%20Firm) This performance forecast has not undergone an audit by an independent accounting firm - This performance forecast has not been audited by an accounting firm[6](index=6&type=chunk) [Explanation of Performance Change](index=1&type=section&id=Item%20III.%20Explanation%20of%20Performance%20Change) The significant increase in Q1-Q3 2025 performance is primarily attributed to abundant water inflow, leading to higher power generation and increased revenue - Water inflow in Q1-Q3 2025 was **23.6% higher** than the same period last year[7](index=7&type=chunk) Q1-Q3 2025 Power Generation Comparison (Unit: 10,000 kWh) | Indicator | Current Period | Same Period Last Year | Year-over-Year Growth | | :--- | :--- | :--- | :--- | | Total Power Generation | 792,386.65 | 527,951.78 | 50.09% | - Significant growth in power generation directly led to increased power generation revenue and profit[7](index=7&type=chunk) Q1-Q3 2025 Power Generation by Major Hydropower and Photovoltaic Power Stations (Unit: 10,000 kWh) | Power Station Type | Power Station Name | Power Generation | | :--- | :--- | :--- | | Hydropower Station | Puding Hydropower Station | 27,985.45 | | | Yinzidu Hydropower Station | 62,595.06 | | | Yutang Hydropower Station | 16,421.24 | | | Qingxi Hydropower Station | 4,485.29 | | | Niudu Hydropower Station | 2,958.06 | | | Guangzhao Hydropower Station | 202,150.94 | | | Dongqing Hydropower Station | 244,343.15 | | | Mamaya Hydropower Station | 117,344.28 | | | Shannipo Hydropower Station | 59,161.92 | | Photovoltaic Power Station | Guangzhao Photovoltaic Power Station (Gangping Photovoltaic Power Station) | 18,093.95 | | | Mamaya Photovoltaic Power Station (Yongxin Photovoltaic Power Station) | 18,134.20 | | | Dongqing Photovoltaic Power Station (Zhenliang Photovoltaic Power Station) | 8,598.98 | | | Zhenning Bacao Phase I Photovoltaic Power Station | 10,114.13 | [Other Relevant Information](index=2&type=section&id=Item%20IV.%20Other%20Relevant%20Information) This section clarifies that the performance forecast is a preliminary estimate and advises investors to exercise caution - The content of this performance forecast is a preliminary estimate by the company's finance department[9](index=9&type=chunk) - Specific financial data will be subject to the company's 2025 Q3 report[9](index=9&type=chunk) - Investors are reminded to be aware of investment risks[9](index=9&type=chunk)

黔源电力公告，预计2025年前三季度净利润为4.51亿元，比上年同期的2.65亿元增长70%-100%。公司 2025年前三季度来水较上年同期偏多23.6%，发电量为79.24亿千瓦时，同比上升50.09%，使发电收入及 利润增加。 ...

Core Viewpoint - Qianyuan Power's shareholder count has decreased for the fifth consecutive period, indicating a potential trend in investor sentiment and ownership dynamics [2] Group 1: Shareholder Information - As of September 30, the number of shareholders for Qianyuan Power was 14,654, a decrease of 871 from the previous period (September 20), representing a decline of 5.61% [2] - This marks the fifth consecutive decline in the number of shareholders for the company [2] Group 2: Stock Performance - Qianyuan Power's closing price was 17.20 yuan, reflecting an increase of 2.20%, with a cumulative increase of 5.37% since the concentration of shares began [2] - The stock experienced six days of increases and two days of decreases during the reporting period [2] Group 3: Financial Performance - For the first half of the year, Qianyuan Power reported total revenue of 883 million yuan, representing a year-on-year growth of 1.23% [2] - The net profit for the same period was 127 million yuan, showing a year-on-year decline of 4.54% [2] - The basic earnings per share were 0.2974 yuan, with a weighted average return on equity of 3.20% [2]

Group 1 - The core viewpoint of the news is that Qianyuan Power's stock has shown positive performance, with a year-to-date increase of 14.64% and a recent rise of 6.07% over the last five trading days [1] - As of September 26, Qianyuan Power's stock price reached 17.31 CNY per share, with a market capitalization of 7.401 billion CNY [1] - The company primarily engages in hydropower generation, accounting for 87.60% of its revenue, followed by photovoltaic power generation at 12.01% [1] Group 2 - As of September 19, the number of Qianyuan Power shareholders decreased by 3.64% to 15,500, while the average circulating shares per person increased by 3.78% to 27,539 shares [2] - For the first half of 2025, Qianyuan Power reported a revenue of 883 million CNY, reflecting a year-on-year growth of 1.23%, while the net profit attributable to shareholders decreased by 4.54% to 127 million CNY [2] - Since its A-share listing, Qianyuan Power has distributed a total of 1.317 billion CNY in dividends, with 321 million CNY distributed over the past three years [2]

Core Insights - Qianyuan Power (002039) reported that as of September 19, 2025, the number of shareholders is 15,525 [1] Company Summary - Qianyuan Power has a total of 15,525 shareholders as of the specified date [1]

Group 1 - The core viewpoint of the news is the performance and financial status of Qianyuan Power, highlighting its stock price movements and financial results [1][2] - As of September 23, Qianyuan Power's stock price increased by 2.30% to 16.91 CNY per share, with a market capitalization of 7.23 billion CNY [1] - The company has seen a year-to-date stock price increase of 11.25%, with recent trading days showing gains of 3.87% over the last 5 days, 4.90% over the last 20 days, and 4.45% over the last 60 days [1] Group 2 - Qianyuan Power's main business involves electricity supply, with revenue composition being 87.60% from hydropower generation, 12.01% from photovoltaic power generation, and 0.39% from other sources [1] - As of September 19, the number of shareholders for Qianyuan Power was 15,500, a decrease of 3.64% from the previous period, while the average circulating shares per person increased by 3.78% to 27,539 shares [2] - For the first half of 2025, Qianyuan Power reported operating revenue of 883 million CNY, a year-on-year increase of 1.23%, while net profit attributable to shareholders decreased by 4.54% to 127 million CNY [2]