Core Viewpoint - The company plans to shut down low calorific value coal-fired power units and dissolve related subsidiaries due to non-compliance with energy consumption and environmental standards, resulting in continuous losses and unsustainable operations [2][4][6]. Summary by Sections Company Overview - Anhui Hengyuan Coal Power Co., Ltd. is announcing the shutdown of three subsidiaries: Hengli Electric Power, Xinyuan Thermal Power, and Chuangyuan Power, which operate low calorific value coal-fired power units [1][2]. Financial Performance of Subsidiaries - Hengli Electric Power: - Established in January 2003 with a capacity of 2×6MW - Total assets as of 2024: 10.68 million, net assets: 4.80 million, 2024 revenue: 40.09 million, net profit: -19.45 million [3] - Xinyuan Thermal Power: - Established in December 2005 with a capacity of 2×15MW - Total assets as of 2024: 196.38 million, net assets: 178.58 million, 2024 revenue: 42.42 million, net profit: -25.69 million [3] - Chuangyuan Power: - Established in October 2006 with a capacity of 2×12MW - Total assets as of 2024: 51.68 million, net assets: 37.30 million, 2024 revenue: 38.72 million, net profit: -58.59 million [3]. Reasons for Shutdown and Dissolution - The subsidiaries have been repeatedly listed for shutdown due to failure to meet energy consumption and environmental standards, leading to continuous losses and unsustainable operations [4][6]. - Specific energy consumption targets set by the Anhui Provincial Energy Bureau have not been met, with required reductions from 583.51g/kWh to 340g/kWh for Hengli Electric Power, 537.73g/kWh to 340g/kWh for Xinyuan Thermal Power, and 563.01g/kWh to 340g/kWh for Chuangyuan Power [6]. Decision-Making Process - The decision to shut down the power units and dissolve the subsidiaries was approved by the company's board on August 20, 2025 [7]. Impact on the Company - The shutdown of the subsidiaries is expected to reduce losses and improve the overall profitability of the company in the long term, with no significant short-term adverse effects on production and operations [7].