SCTE(SH:600674) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-04-08 23:04Core Viewpoint - Sichuan Chuantou Energy Co., Ltd. reported significant growth in electricity generation and announced a share buyback plan by its controlling shareholder, Sichuan Energy Development Group, reflecting confidence in the company's future stability and development [1][4]. Group 1: Electricity Generation Performance - In Q1 2025, the company's total electricity generation reached 960 million kWh, a year-on-year increase of 21.98% [1]. - The grid-connected electricity generation was 945 million kWh, marking a 22.73% increase compared to the previous year [1]. - Hydropower generation accounted for 906 million kWh, up 20.32% year-on-year, while grid-connected hydropower generation was 891 million kWh, increasing by 20.57% [1]. - Photovoltaic power generation reached 54 million kWh, showing a substantial growth of 74.19% year-on-year, with grid-connected photovoltaic generation also at 54 million kWh, reflecting the same percentage increase [1]. Group 2: Share Buyback Plan - The controlling shareholder, Sichuan Energy Development Group, plans to increase its stake in the company by investing between 500 million RMB and 1 billion RMB over the next 12 months [4][9]. - The buyback will be executed through open market transactions without a set price range, depending on stock price fluctuations and market trends [4][9]. - The funding for the buyback will come from the shareholder's own or self-raised funds [10]. - The controlling shareholder currently holds 2,440,810,525 shares, representing 50.07% of the company's total equity [5].