Independent Power and Renewable Electricity Producers

SPIC GECL

SPIC GECL released FY2025 earnings on April 20 After-Market (BJT), actual revenue CNY 13.11 B (forecast CNY 13.01 B), actual EPS CNY 0.14 (forecast CNY 0.145)

SPIC GECL released FY2025 Q4 earnings on April 20 After-Market (BJT), actual revenue CNY 3.398 B, actual EPS CNY -0.0699

SPIC GECL released FY2026 Q1 earnings on April 20 During-Market BJT, actual revenue CNY 3.515 B, actual EPS CNY 0.08

SPIC GECL to Release FY2025 Earnings on April 21 After-Market (BJT), Forecast Revenue CNY 13.01 B, EPS CNY 0.145

SPIC GECL to Release FY2026 Q1 Earnings on April 21 During-Market BJT

JEP released FY2025 9 Months earnings on October 27 After-Market (BJT), actual revenue CNY 9.717 B, actual EPS CNY 0.2142

JEP released FY2025 Q3 earnings on October 27 After-Market (BJT), actual revenue CNY 3.148 B, actual EPS CNY 0.0157

JEP FY2025 Q3 Earnings Release Scheduled for October 28 After-Market BJT

JEP released FY2025 Semi-Annual earnings on August 21 After-Market (BJT), actual revenue CNY 6.569 B, actual EPS CNY 0.2

JEP released FY2025 Q2 earnings on August 21 After-Market (BJT), actual revenue CNY 2.808 B, actual EPS CNY 0.0285

JEP FY2025 Semi-Annual Earnings Release on August 22, 2025 (BJT)

Jidian Shares Receives Approval for 1508MW Wind Power Project

Jidian Shares and EDF China Sign Green Energy Cooperation Agreement

Jidian Power Confirms Green Hydrogen Project Intent Agreement

SGCC Innovation Investment Increases Holdings in Jidian Shares by 22.5221 million shares

Jidian Co., Ltd. ESG Rating Improved to BB

Jidian Shares Responds to Progress of Green Methyl Alcohol Innovation Demonstration Project

Jidian Power Subsidiary Plans to Invest 4.92 Billion Yuan in Methanol Innovation Demonstration Project

Shanghai Launches Sustainable Maritime Fuel Certification System

National Energy Administration Releases Pilot Notification for New Power System Construction

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SPIC plans to invest 200 billion yuan in 2026, a year-on-year increase of 17%. The company will implement cross-cyclical and counter-cyclical adjustment measures to actively implement the national deployment for expanding effective investment. The investment target for the first quarter is 23 billion yuan, a year-on-year increase of 35%

Wallstreetcn

GF CSI All Share Power Public Service ETF

SPIC

Bosera CSI All Share Electric Utilities ETF

SPICIFH

Penghua CSI All Share Utilities ETF

ChinaAMC Green Electricity ETF

SPIC: Actively Expanding Effective Investment, Planning to Invest 200 Billion Yuan Annually

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36Kr learned that the Aiqicha App shows that recently, State Power Investment Corporation Asset Management Co., Ltd. underwent a business change, with its registered capital increased from RMB 2 billion to RMB 8 billion, an increase of 300%. State Power Investment Corporation Asset Management Co., Ltd. was established in November 2016, with Feng Junjie as the legal representative. Its business scope includes external investment of self-owned funds, asset management, investment management, and more. Shareholder information indicates that the company is wholly owned by State Power Investment Corporation

36Kr

IMDTECL

The registered capital of State Power Investment Corporation Asset Management Company has increased to 8 billion yuan

36Kr learned that the Aiqicha App shows that recently, State Power Investment Corporation Asset Management Co., Ltd. underwent a business change, with its registered capital increased from 2 billion RMB to 8 billion RMB. State Power Investment Corporation Asset Management was established in November 2016, with Feng Junjie as the legal representative. Its business scope includes external investment with its own funds, asset management, investment management, and more. Shareholder information indicates that the company is wholly owned by State Power Investment Corporation

The registered capital of the asset management company under the State Power Investment Corporation has increased to 8 billion yuan

Fangzheng Securities released a research report indicating that the asset securitization expectations of State Power Investment Corporation will significantly boost the stock prices of related listed companies. It is expected that companies such as SPICYD, IMDTECL, and JEP will benefit from asset injections or mergers and acquisitions, with substantial potential for market value enhancement. State Power Investment Corporation plans to restructure its subsidiaries, with an overall asset securitization ratio of approximately 51.4%. In addition, the group's layout in the aluminum industry chain is also accelerating, which is expected to further drive up stock prices in the future

Zhitong

Fangzheng Securities: State Power Investment Corporation's reform enters deep water, seizing the dividends of asset securitization

On October 11th, JEP stated on the interactive platform that the green hydrogen energy industry is one of the dual tracks in the company's development layout

JEP: The green hydrogen-based energy industry is one of the dual tracks in the company's development layout

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The International Maritime Organization will submit the world's first net-zero emissions framework for the global shipping industry, with green methanol demand expected to increase from hundreds of thousands of tons to 30 million to 40 million tons over the next five years, a more than 100-fold increase, creating a new market worth over 100 billion yuan. A-share companies such as Goldwind, China Tianying, JEP, and Jiaze Renewables have already laid out plans in the green electricity to green methanol industry, with some companies already having orders

Goldwind

GOLDWIND

China Tianying

Jiaze Renewables

The demand for green methanol may increase a hundredfold in the next 5 years, with multiple listed companies already making forward-looking arrangements

JEP announced that the profit distribution plan for the first half of 2025 is as follows: based on the existing total share capital of 3.627 billion shares, a cash dividend of 0.2 yuan will be distributed for every 10 shares to all shareholders. The dividend rate is 9.9991%, and the expected dividend amount is 72.5454 million yuan. The equity registration date is September 17, 2025, and the ex-dividend date is September 18, 2025. The recipients of this dividend distribution are all shareholders registered with China Securities Depository and Clearing Corporation Limited Shenzhen Branch

JEP: A cash dividend of 0.2 yuan will be distributed for every 10 shares

JEP announced that in August 2025, the company's affiliated units received a total of RMB 913 million in national renewable energy subsidy funds. From January 1, 2025, to August 31, 2025, the company has cumulatively received subsidy funds of RMB 1.271 billion, an increase of 154.2% compared to the same period last year, accounting for 135.36% of the total subsidy funds received in 2024. The recovery of these funds will improve the company's cash flow, and the specific impact on the profit and loss for the year 2025 will be confirmed by the annual audit of the accountants

JEP: In August, accounts receivable subsidy funds amounted to 913 million yuan

JEP plans to hold a board meeting on August 20, 2025, to review the change of the company name from "Jilin Electric Power Co., Ltd." to "State Power Investment Corporation Green Energy Development Co., Ltd." The stock abbreviation will also be changed to "DianTou LvNeng." This move aims to better reflect the company's business layout and development direction in the new energy industry, as the existing name can no longer accurately represent it. The change requires approval from the market supervision and administration department, and the stock code "000875" will remain unchanged

JEP: Plans to change the company name to "State Power Investment Corporation Green Energy Development Co., Ltd."

JEP announced that in the first half of 2025, operating revenue was 6.569 billion yuan, a year-on-year decrease of 4.63%. Net profit was 726 million yuan, a year-on-year decrease of 33.72%. The company plans to distribute a cash dividend of 0.2 yuan for every 10 shares based on a total of 3.627 billion shares to all shareholders

JEP: Net profit of 726 million yuan in the first half of 2025, a year-on-year decrease of 33.72%

SPIC GECL(000875.SZ)