Core Viewpoint - The commencement of the Yarlung Tsangpo River downstream hydropower project has significantly boosted the stock price of Shenzhen State-owned enterprise Shen Shui Gui Yuan, leading to a cumulative increase of 60% over three consecutive trading days [2][3]. Group 1: Project Overview - The Yarlung Tsangpo River downstream hydropower project, inaugurated on July 19, has a total investment of approximately 1.2 trillion yuan, aiming to construct five tiered power stations with an expected installed capacity of 60 to 81 million kilowatts and an annual power generation of 300 billion kilowatt-hours, equivalent to "recreating three Three Gorges" [3]. - The hydropower concept stocks surged collectively, with the Tonghuashun Yarlung Tsangpo hydropower concept index rising by 12.52% on the opening day following the announcement [3]. Group 2: Company Performance - Shen Shui Gui Yuan reported a total operating revenue of 855 million yuan for the year 2024, reflecting a year-on-year growth of 11.14%, and a net profit attributable to shareholders of 52.83 million yuan, which represents a substantial increase of 278.10% [4]. - However, in the first quarter of this year, the company experienced a decline in performance, with operating revenue of 96.52 million yuan, down 11.40% year-on-year, and a net loss attributable to shareholders of 29.46 million yuan, a decrease of 125.25% [4]. Group 3: Market Activity - During the stock price surge of Shen Shui Gui Yuan, institutional and speculative trading activities were prominent, with a net buying of 16.60 million yuan recorded on July 23, including 8.38 million yuan from institutions and 9.91 million yuan from notable speculative traders [6]. - The company confirmed that there were no undisclosed matters that could significantly impact its stock price, ensuring transparency in its trading activities [6].

Group 1 - The core point of the news is the significant impact of the Yarlung Tsangpo River downstream hydropower project on the stock price of Shenzhen State-owned enterprise Shen Shui Gui Yuan, which saw a 60% increase following the announcement of the project's commencement [2][5] - The Yarlung Tsangpo River downstream hydropower project has a total investment of approximately 1.2 trillion yuan, aiming to construct five cascade power stations with an installed capacity expected to reach 60 to 81 million kilowatts, generating an annual electricity output of 300 billion kilowatt-hours, equivalent to "recreating three Three Gorges" [2][5] - Shen Shui Gui Yuan's stock price hit a 20% limit up on July 21, and continued to rise for three consecutive days, becoming a market focus [5][6] Group 2 - Shen Shui Gui Yuan reported a total operating revenue of 855 million yuan for the year 2024, representing a year-on-year increase of 11.14%, while the net profit attributable to shareholders surged by 278.10% to 52.83 million yuan [5] - In the first quarter of this year, the company experienced a decline in performance, with operating revenue of 96.52 million yuan, a year-on-year decrease of 11.40%, and a net loss of 29.46 million yuan, down 125.25% [5] - The company has extensive experience in water resource surveying and design, and has established a subsidiary in Tibet to focus on water construction projects [5][6] Group 3 - Institutional and retail investors have been actively trading Shen Shui Gui Yuan's stock, with a net buying amount of 16.6 million yuan recorded on July 23 [6] - The company confirmed that there are no undisclosed matters that could significantly impact its stock price, ensuring transparency in its operations [7]