XCEP(SH:600505) Zhong Guo Zheng Quan Bao·2025-10-13 21:51Core Viewpoint - Sichuan Xichang Electric Power Co., Ltd. reported its operational data for the first three quarters of 2025, highlighting significant growth in net profit and operational efficiency due to increased sales and effective cost management [4][5][12]. Group 1: Operational Data - The company operates seven hydropower stations with an equity installed capacity of 122.9 MW, selling generated electricity within Liangshan Prefecture [1]. - 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 (company's equity capacity: 36 MW), selling electricity to State Grid Sichuan Electric Power Company [1][2]. - The company also holds 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 (company's equity capacity: approximately 122.6 MW), selling electricity to State Grid Sichuan Electric Power Company and State Grid Liangshan Power Supply Company [2][3]. Group 2: Financial Performance - The company expects a net profit attributable to shareholders of approximately 12.4 million yuan for the first three quarters of 2025, a 150.51% increase from 4.95 million yuan in the same period last year [5][7][10]. - The net profit after deducting non-recurring gains and losses is estimated to be around 11.2 million yuan [8]. - The increase in profit is attributed to a 9.93% year-on-year growth in electricity sales volume and a 6.53% increase in operating revenue, alongside a 33.28% reduction in financial expenses [12].