Core Viewpoint - Both Penghui Energy and Chint Electric announced plans to issue H-shares and list on the Hong Kong Stock Exchange, aiming for international expansion and diversified financing needs, marking a significant trend in the new energy sector for the upcoming IPO wave in 2026 [1][2][3] Group 1: Penghui Energy - Penghui Energy plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange to enhance its global strategy and improve competitiveness in international markets [2] - The company reported a revenue of 7.581 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 34.23%, and a net profit attributable to shareholders of 115 million yuan, up 89.33% year-on-year [2] Group 2: Chint Electric - Chint Electric is also planning to issue H-shares and list on the Hong Kong Stock Exchange to support its business development and international strategy, aiming to broaden financing channels and enhance competitiveness [3] - For the first three quarters of 2025, Chint Electric achieved a revenue of 46.396 billion yuan, a slight decrease of 0.03% year-on-year, while net profit attributable to shareholders was 4.179 billion yuan, reflecting a year-on-year growth of 19.49% [3]

Group 1 - The core point of the article is that Chint Electric plans to issue H-shares and list on the Hong Kong Stock Exchange to support its internationalization strategy and diversify financing channels [1] - Chint Electric is currently in discussions with relevant intermediaries regarding the specifics of the H-share issuance and listing, with no changes to the controlling shareholder or actual controller expected [1] - The company operates mainly in the low-voltage electrical and renewable energy sectors, including distribution electrical equipment, photovoltaic power station development, household photovoltaics, inverters, and energy storage [2] Group 2 - For the first three quarters of 2025, Chint Electric reported revenue of 46.396 billion yuan, a slight decrease of 0.03% year-on-year, while net profit attributable to shareholders increased by 19.49% to 4.179 billion yuan [2] - As of the end of the third quarter of 2025, the net cash flow from operating activities was 15.252 billion yuan, while cash flow from investing activities was -4.07 billion yuan, and cash flow from financing activities was -9.779 billion yuan [2] - Chint Electric's overseas revenue reached 10.048 billion yuan in 2024, representing a year-on-year growth of 21.53%, accounting for approximately 15.6% of total revenue, indicating a significant expansion in overseas sales [2]

Group 1 - The stock price of JinkoSolar was reported at 3.31 yuan as of July 30, 2025, with a decline of 1.19% from the previous trading day [1] - The stock reached a high of 3.48 yuan and a low of 3.28 yuan during the trading session, with a volatility of 5.97% [1] - The trading volume for the day was 929,912 hands, with a total transaction value of 313 million yuan [1] Group 2 - JinkoSolar operates in the power industry, focusing on photovoltaic power station development, operation, and energy storage [1] - The company is primarily engaged in the green power market and is involved in energy storage-related businesses [1] - On July 30, the stock experienced a rapid decline of over 2% within the first five minutes of trading, followed by a period of consolidation [1] Group 3 - On July 30, the net inflow of main funds into JinkoSolar was 13.0958 million yuan, accounting for 0.11% of the circulating market value [1]