Core Viewpoint - Guizhou Qianyuan Power Co., Ltd. held a Q3 2025 performance briefing to address investor concerns regarding operational management, financial optimization, information disclosure, and dividend policies [1] Group 1: Operational Management - The company reported a nearly 60% increase in power generation compared to the previous year, achieved through optimized scheduling and precise execution [2] - Investors inquired about water conservation measures and water level management, to which the company indicated that it would enhance information disclosure in line with operational arrangements [2] - The company explained that water level adjustments were necessary due to ongoing maintenance work to prevent flooding [2] Group 2: Financial Optimization - Financial cost control was a key focus, with the company acknowledging that its debt interest rate exceeded 4%, significantly higher than the 2% rates of peers like Yangtze Power and Huaneng Hydropower [3] - The company is implementing measures such as debt replacement, optimizing financing terms, and exploring low-cost channels to reduce costs, achieving a significant decrease in new financing rates in 2025 [3] - Technical upgrades are being carried out to ensure stable and safe system operations, involving various equipment and infrastructure improvements [3] Group 3: Investor Relations - Investors suggested the company resume monthly updates on power generation and water levels, as well as increase the dividend payout ratio, with some recommending a minimum of 80% of net profits [4] - The company acknowledged these suggestions but did not commit to specific changes in the dividend policy [4] - The company emphasized its commitment to enhancing information disclosure through regular performance briefings and responding to investor inquiries via the Shenzhen Stock Exchange's platform [4]