XCEP(SH:600505) Shang Hai Zheng Quan Bao·2025-07-14 18:33Core Viewpoint - Sichuan Xichang Electric Power Co., Ltd. is expected to achieve a net profit of approximately 3.1 million yuan for the first half of 2025, marking a significant turnaround from a loss of 25.52 million yuan in the same period last year [2][5]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders of approximately 3.1 million yuan for the first half of 2025, an increase of about 28.62 million yuan compared to the previous year's loss of 25.52 million yuan [5][8]. - The net profit after deducting non-recurring gains and losses is expected to be around 3 million yuan [3][6]. - The performance period for this forecast is from January 1, 2025, to June 30, 2025 [4]. Operational Highlights - The company operates seven self-owned and controlled hydropower stations with a total installed capacity of 122.9 MW, all of which sell electricity within Liangshan Prefecture [15]. - The electricity generation volume increased by 22.63% year-on-year, primarily due to abundant water supply in the hydropower stations [16]. - The average purchase price of electricity (including tax) decreased by 11.38% year-on-year, influenced by the increase in electricity generation from the connected hydropower stations [16]. Key Drivers of Performance - The improvement in performance is attributed to quality enhancement and efficiency measures, effective reduction of non-productive expenses, and increased electricity sales [10]. - The electricity sales volume in the supply segment grew by 11.55% year-on-year [10].