CHINT ELECTRICS(SH:601877) Jing Ji Guan Cha Wang·2025-09-01 13:03Core Viewpoint - Zhejiang Chint Electrics Co., Ltd. has decided to withdraw the application for the IPO of its subsidiary Chint Aneng Digital Energy (Zhejiang) Co., Ltd. on the Shanghai Stock Exchange, citing strong business performance and growth as the primary reasons for this decision [2][3] Group 1: Company Performance - Chint Aneng submitted its prospectus in 2023, aiming to issue no less than 271 million shares to raise 6 billion yuan, primarily for household photovoltaic projects [2] - As a leader in the household photovoltaic sector, Chint Aneng has built over 1.8 million power stations to date [2] - In the first half of 2025, Chint Aneng achieved a net profit exceeding 1.9 billion yuan, indicating robust financial health [2] Group 2: Strategic Implications - The withdrawal from the IPO may allow Chint Aneng greater flexibility in expanding its business, particularly in the commercial distributed photovoltaic market and emerging fields like virtual power plants and energy-as-a-service (EaaS) [3] - Chint Aneng's operational performance will continue to contribute to Chint Electrics' consolidated financial statements, providing stable returns to shareholders [3] - The household photovoltaic market is projected to grow, with the National Energy Administration estimating an additional 16 million kilowatts of installed capacity during the 14th Five-Year Plan, indicating a favorable market environment for Chint Aneng [3]