甘肃能源前三季度扣非净利润同比增超150% 持续加码新能源布局

Core Insights - Gansu Electric Power Investment Energy Co., Ltd. reported a revenue of 6.525 billion yuan for the first three quarters of 2025, a year-on-year increase of 0.64% [1] - The net profit attributable to shareholders reached 1.582 billion yuan, reflecting a year-on-year growth of 14.16% [1] - The net profit excluding non-recurring gains and losses saw a significant increase of 157.9%, amounting to 1.572 billion yuan [1] Financial Performance - In Q3 2025, the company achieved a revenue of 2.594 billion yuan, up 1.33% year-on-year [1] - The net profit for Q3 was 757 million yuan, representing an 11.34% increase compared to the same period last year [1] - The net profit excluding non-recurring gains and losses for Q3 was 749 million yuan, showing a substantial growth of 129.67% [1] - The net cash flow from operating activities improved to 4.214 billion yuan, a year-on-year increase of 44.73% [1] Strategic Developments - The acquisition of Changle Company, completed in 2024, contributed to the financial performance as it was included in the consolidated financial statements starting November 2024 [1] - The company has enhanced its power supply stability with the recent commissioning of two 1,000 MW coal-fired units at Changle Company [2] - Gansu Energy's total installed capacity has reached 9.5397 million kilowatts [2] Renewable Energy Initiatives - Gansu Energy is actively expanding its presence in the renewable energy sector, with over 6 million kilowatts of project capacity in reserve [2] - Approved projects include a 3 million kilowatt solar project and a 1 million kilowatt wind project, among others [2] - Ongoing projects include a 1.00025 million kilowatt new energy project in the Gansu Qingyang East Data West Computing Industrial Park [2]