PJRC(SH:600395) Zheng Quan Zhi Xing·2025-07-21 10:34Core Viewpoint - The company plans to increase its investment in its wholly-owned subsidiary, Panjiang New Energy Power (Panzhou) Co., Ltd., by 144 million yuan to support the construction of the Luoxi River Wind Farm project with a capacity of 120MW [1][2]. Group 1: Investment Overview - The investment amount is set at 144 million yuan, which is intended to meet the project capital requirement of at least 20% [1][2]. - The decision for the capital increase was approved unanimously by the company's board of directors during a meeting held on July 18, 2025 [1][2]. - The investment will be made through a non-public agreement as per the regulations of Guizhou Province [3]. Group 2: Company and Project Details - Panjiang New Energy Power (Panzhou) Co., Ltd. is a wholly-owned subsidiary of Guizhou Panjiang Jingu Coal Co., Ltd. [2]. - For the first three months of the year, the subsidiary reported a revenue of 13.4028 million yuan and a net profit of 1.3245 million yuan [2]. - The Luoxi River Wind Farm project has completed various necessary assessments and approvals, including environmental impact assessments and land use pre-examinations [2][3]. Group 3: Impact of the Investment - After the capital increase, the registered capital of the subsidiary will rise to 465 million yuan, with the company retaining 100% ownership [3][4]. - The investment is expected to accelerate project construction and promote the integration of traditional and renewable energy sources, contributing to the company's high-quality development [4].