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Core Viewpoint - A lesser-known Sichuan company, Leshan Electric Power, with a market value of approximately 6.4 billion yuan, has attracted attention from four major international investment banks, indicating potential growth and investment interest in the company [1][3]. Group 1: Company Overview - Leshan Electric Power operates an independent power grid in Sichuan, covering the cities of Leshan and Meishan, and has a monopoly in its operational area [3]. - The company has 148 hydropower stations with a total installed capacity of 382,500 kilowatts as of the end of 2023 [3]. - Besides electricity, the company also provides natural gas and water supply services, operating under an integrated model known as "electricity, water, and gas" [3]. Group 2: Financial Performance - For the first three quarters of 2025, the company reported revenue of 2.399 billion yuan, a year-on-year increase of 3.27%, and a net profit of 72.832 million yuan, up 6.22% year-on-year [3]. - The company's stock price experienced significant volatility in 2025, starting around 6 yuan and peaking at approximately 18 yuan, reflecting a nearly 200% increase before stabilizing around 11 yuan [3][9]. - The company's asset-liability ratio is at a moderate level compared to industry peers, and its cash flow from operating activities was positive in the third quarter of 2025 [6]. Group 3: Market Position and Investment Interest - The company is seen as a small giant in the electric power sector, with a market capitalization significantly lower than larger firms like Yangtze Power and Huaneng Hydropower [6]. - Foreign investment institutions, including Goldman Sachs, UBS, Morgan Stanley, and JPMorgan Chase, have increased their holdings in the company, indicating confidence in its future prospects [1][4]. - The stock's trading volume has shown signs of fluctuation, with a consolidation pattern forming as the stock price stabilizes [8][11]. Group 4: Strategic Focus and Future Outlook - Leshan Electric Power is focusing on energy storage, being one of the largest operators in Sichuan, and is involved in projects that provide integrated solutions for commercial enterprises [6]. - The company is transitioning from a traditional utility provider to a comprehensive energy service provider, supported by provincial energy policies favoring new energy storage and green power consumption [6]. - The company has increased its R&D investments in smart grids, energy management, and energy storage technology integration [8].