CHINT ELECTRICS(SH:601877) Sou Hu Cai Jing·2025-09-01 13:50Core Viewpoint - The company has decided to terminate the plan for the spin-off listing of its subsidiary, Zhejiang Zhengtai Aneng Digital Energy Co., Ltd., on the Shanghai Stock Exchange due to favorable business development and performance growth, and this decision will not adversely affect the company's overall strategic planning or financial status [2][4]. Summary by Sections Spin-off Listing Background - On October 28, 2022, the company approved the plan for the spin-off listing of its subsidiary, Zhengtai Aneng, and authorized management to initiate preparatory work [4]. - On June 4, 2023, the company further approved the listing plan and sought shareholder authorization for related matters [4]. - On September 6, 2023, the company received notification from the Shanghai Stock Exchange regarding the acceptance of Zhengtai Aneng's IPO application [4]. Termination of Spin-off Listing - The company has actively advanced the spin-off listing process, including due diligence and compliance with legal requirements, but has now decided to terminate the listing plan after careful consideration of market conditions [2]. - The termination of the spin-off will not have a substantial impact on the company's operations or financial condition [2]. - Zhengtai Aneng had planned to issue no less than 10% of its total shares and aimed to raise 6 billion yuan, with a potential post-IPO valuation exceeding 60 billion yuan [2]. Financial Performance - In the first half of 2025, the company reported revenues of 14.798 billion yuan and a net profit of 1.901 billion yuan, with an added installed capacity of over 9 GW and a trading scale of over 3 GW [2]. - The company held an installed capacity of approximately 25 GW during the reporting period [2].