CYPC(SH:600900) Cai Jing Wang·2025-08-23 09:59Core Viewpoint - China Three Gorges Group plans to increase its stake in Yangtze Power by investing between 4 billion to 8 billion yuan in the next 12 months through the secondary market [1][3]. Group 1: Shareholding and Stake Increase - Before the planned increase, China Three Gorges Group and its concerted parties hold a total of 12.865 billion shares, accounting for 52.58% of the total share capital, with China Three Gorges Group alone holding 10.474 billion shares, which is 42.81% of the total [1][3]. - The increase will be executed through methods such as centralized bidding and block trading, funded by the group's own and self-raised funds [1]. Group 2: Company Overview - Yangtze Power, established on September 29, 2002, and listed on the Shanghai Stock Exchange in November 2003, primarily engages in hydropower generation, investment financing, pumped storage, smart integrated energy, renewable energy, and power distribution [3][4]. - The company operates six cascade power stations, forming the world's largest clean energy corridor, which supports flood control, shipping, water replenishment, and ecological safety in the Yangtze River basin [3]. Group 3: Financial Performance - For the first half of 2025, Yangtze Power reported total operating revenue of 36.587 billion yuan, a year-on-year increase of 5.02%, and a net profit attributable to shareholders of 12.984 billion yuan, up 14.22% year-on-year, primarily due to increased power generation from its six cascade power stations [4]. - The company has announced a profit distribution plan for 2026-2030, proposing a cash dividend of no less than 70% of the net profit attributable to the parent company each year, contingent on profitability [4].