SEP(SH:600021) Chang Jiang Shang Bao·2025-10-13 00:11Core Viewpoint - Shanghai Electric's stock price has surged, reaching a nearly 10-year high, driven by strong performance and strategic investments in renewable energy projects [2][5][6]. Stock Performance - Shanghai Electric's stock price increased by over 20% in the last three trading days, closing at 25.12 CNY per share on October 10, marking a significant rise from 19.68 CNY [2][4]. - The stock has more than doubled since August 2025, with a cumulative increase of over 150% [3][4]. - The company’s market capitalization is currently 70.87 billion CNY [4]. Financial Performance - In the first half of 2025, Shanghai Electric reported a net profit of over 1.9 billion CNY, nearing the total profit for the entire year of 2024 [2][9]. - The net cash flow from operations reached 6.149 billion CNY, reflecting a year-on-year growth of 41.59% [2]. Investment and Strategic Initiatives - The company plans to invest over 6 billion CNY in two new renewable energy projects [2]. - Shanghai Electric is positioning itself as a key player in the international energy market, following the establishment of a new subsidiary under the State Power Investment Corporation [6]. Energy Composition - As of June 2025, Shanghai Electric's installed capacity reached 25.8013 million kW, with clean energy accounting for 61.83% of the total [7]. - The company has diversified its energy sources, including coal, gas, wind, and solar power, with significant investments in renewable energy [7]. Market Demand and Growth - The company has experienced steady growth in operating performance, with revenue projections of 42.402 billion CNY and 42.734 billion CNY for 2023 and 2024, respectively [8]. - The demand for electricity in Shanghai has surged, with residential electricity consumption increasing by over 30% year-on-year [9].