Zhong Guo Jing Ying Bao·2025-10-29 23:28Core Insights - Zhejiang Energy Power (600023.SH) reported a decline in revenue and net profit for the first three quarters of 2025, with revenue at 58.814 billion yuan, down 11.29% year-on-year, and net profit at 6.230 billion yuan, down 6.96% year-on-year [2] Financial Performance - The decrease in performance is attributed to lower electricity sales prices compared to the same period last year and a decline in sales revenue from Zhonglai Co., Ltd. (300393.SZ) within the consolidated financial statements [2] - Zhonglai Co., Ltd. reported revenue of 3.898 billion yuan for the first three quarters of 2025, a decrease of 14.21% year-on-year, and a net loss of 0.398 billion yuan, down 31.06% year-on-year [2] Company Overview - Zhejiang Energy Power is the largest power generation company in Zhejiang Province, primarily engaged in thermal power, gas power, nuclear power, cogeneration, and integrated energy businesses [2] - The company gained control of Zhonglai Co., Ltd. in 2023, which focuses on photovoltaic auxiliary materials, high-efficiency batteries and components, and photovoltaic applications [2]