SCTE(SH:600674) Jing Ji Guan Cha Wang·2026-02-14 07:33Project Progress - The company announced that the first three units of the Yinjing Hydropower Station were put into operation in the first half of 2025, with the remaining units expected to be fully operational in 2026, which will further expand the company's hydropower business scale and enhance performance elasticity [1] Related Transactions - The company disclosed that it anticipates related party transactions for electricity sales between its controlling subsidiary and enterprises under its controlling shareholder in 2026, with each transaction amount not exceeding 800 million yuan, totaling no more than 2.4 billion yuan. The transaction prices will be determined through market price negotiations and will not affect the company's independence [2] Company Status - A new three-year dividend plan is expected to be announced in the first half of 2026, with specific details to be confirmed by official company announcements. Additionally, the company completed a board restructuring and executive appointments in December 2025, along with changes in accounting estimates, such as adjustments to the depreciation period for large hydropower station dam structures, which may impact future operations [3]