Xi Niu Cai Jing·2025-11-19 11:48Core Points - Longyuan Power announced the transfer of its entire 30% stake in United Power to State Energy Group New Energy for 1 yuan, resulting in Longyuan no longer holding any equity in United Power [1][3] - United Power has been in a long-term loss situation, with a net asset value of -7.137 billion yuan and a net profit of -574 million yuan for the first nine months of 2025 [3] - Longyuan Power has already written down the entire investment loss in 2023, so the 1 yuan transfer is not expected to significantly impact current profits [3] Group 1 - Longyuan Power is simultaneously increasing its investment in offshore wind power by establishing new subsidiaries with State Energy Jiangsu Electric and other partners, contributing a total of 153 million yuan [4][6] - The new subsidiaries will focus on developing and operating several offshore wind projects in Jiangsu, including a 150,000 kW project in Rudong and a 400,000 kW project in Dafeng [6] - The establishment of these subsidiaries is aimed at leveraging local resource advantages and enhancing expertise in the offshore wind sector, which is expected to have a positive long-term impact on the company's operations [6]