XCEP(SH:600505) Shang Hai Zheng Quan Bao·2025-10-13 19:22Core Viewpoint - Sichuan Xichang Electric Power Co., Ltd. expects a significant increase in net profit for the first three quarters of 2025, projecting approximately 12.4 million yuan, which represents a growth of about 150.51% compared to the same period last year [2][5]. Financial Performance Summary - The company anticipates a net profit attributable to shareholders of approximately 12.4 million yuan for the first three quarters of 2025, compared to 4.95 million yuan in the same period last year [2][5]. - The expected net profit after deducting non-recurring gains and losses is about 11.2 million yuan [3][6]. - The earnings per share for the previous year was 0.0136 yuan [9]. Operational Highlights - The company has seven self-owned and controlled hydropower stations with a total installed capacity of 122.9 MW, all of which sell electricity within the Liangshan Prefecture [15]. - The company holds a 90% stake in Yanyuan Fengguang New Energy Co., Ltd., which operates the Tangniwan photovoltaic power station with an installed capacity of 40 MW [16]. - The company also has a 71.27% stake in Muli County Guzeng Hydropower Development Co., Ltd., which operates the Kangwu Hydropower Station with an installed capacity of 172 MW [17]. Reasons for Performance Change - The increase in performance is attributed to enhanced service quality leading to a 9.93% year-on-year increase in electricity sales volume and a 6.53% increase in revenue [10]. - Implementation of lean management practices has effectively reduced non-production expenses, resulting in a 33.28% decrease in financial costs [10]. - Favorable hydrological conditions in the river basin and a decrease of 2.63% in the average purchase price of electricity contributed positively to the performance [10].