15倍大牛股，控股股东拟最高增持80亿

Core Viewpoint - Changjiang Electric Power has announced a share buyback plan by its controlling shareholder, China Three Gorges Group, with a maximum investment of 8 billion yuan, marking the sixth buyback since its listing [1][2]. Group 1: Share Buyback Plan - The controlling shareholder plans to increase its stake in Changjiang Electric Power through the secondary market within the next 12 months, with a minimum of 4 billion yuan and a maximum of 8 billion yuan [1]. - The buyback methods include centralized bidding and block trading, funded by the shareholder's own and self-raised funds [1]. - This is the sixth time the company has initiated a buyback since its IPO, with previous buybacks occurring in various years from 2006 to 2017 [1]. Group 2: Company Performance - Since its listing on November 18, 2003, Changjiang Electric Power has shown a long-term steady increase in stock price, with a cumulative increase of over 15 times [1]. - The company has recorded positive returns in most years since its IPO, with only slight declines in 2016 and 2022 [2]. - As of the latest data, the company's total market capitalization stands at 681.9 billion yuan, despite a year-to-date decline of 2.59% in stock price [2]. Group 3: Financial Performance - For the first half of 2025, the company reported a net profit attributable to shareholders of 12.984 billion yuan, a year-on-year increase of 14.22%, and total revenue of 36.587 billion yuan, up 5.02% year-on-year [4]. - The company has established a five-year dividend return plan, committing to a cash dividend of no less than 70% of the net profit attributable to shareholders for the years 2026 to 2030 [5].