Independent Power and Renewable Electricity Producers

ZMNY

ZMNY released FY2026 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 463.33 M, actual EPS CNY 0.1

ZMNY released FY2025 Annual Earnings on April 28 After-Market (BJT), actual revenue CNY 1.607 B (forecast CNY 1.707 B), actual EPS CNY 0.27 (forecast CNY 0.3433)

ZMNY released FY2025 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 527.07 M, actual EPS CNY 0.0998

ZMNY FY2026 Q1 Earnings Release on April 30 After-Market (BJT)

ZMNY to Release FY2025 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 1.707 B, EPS CNY 0.3433

ZMNY released FY2025 9 Months Earnings on October 29 Pre-Market (BJT), actual revenue CNY 1.08 B, actual EPS CNY 0.1736

ZMNY released FY2025 Q3 earnings on October 29 Pre-Market (BJT), actual revenue CNY 286.09 M, actual EPS CNY 0.0064

ZMNY to Release FY2025 Q3 Earnings Report on October 30 Pre-Market BJT

ZMNY released FY2025 Semi-Annual earnings on August 27 Pre-Market (BJT), actual revenue CNY 794.11 M, actual EPS CNY 0.17

ZMNY released FY2025 Q2 earnings on August 27 Pre-Market (BJT), actual revenue CNY 280.26 M, actual EPS CNY 0.0352

ZMNY to Release FY2025 Semi-Annual Earnings on August 28, 2025 (BJT)

ZM Energy Reports Decline in Power Generation and Uptake in First Half of 2025

ZM Energy Responds to Questions on Hou Shi Power Plant Asset Injection

Huaxing Emerging Plans to Reduce Holdings in Zhongmin Energy Shares

Zhongmin Energy Reports Slump in 2024 Profits, But Strong Q1 2025 Performance

Zhongmin Energy Announces 18.10% YoY Net Profit Growth in Q1 2025

ZMNY released FY2025 Q1 earnings on April 29 After-Market (BJT), actual revenue CNY 513.85 M, actual EPS CNY 0.132

ZMNY released FY2024 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 645.71 M, actual EPS CNY 0.1272

ZMNY released FY2024 Annual Earnings on April 28 After-Market (BJT), actual revenue CNY 1.741 B (forecast CNY 1.769 B), actual EPS CNY 0.3422 (forecast CNY 0.3733)

ZM Energy's Offshore Wind Projects Show Strong Profitability

600163

600403

The three major A-share indices were slightly weak in the morning session, with the ChiNext Index down 0.5%. Domestic property stocks performed poorly, while coal and electricity stocks rose against the trend. The central parity rate of the RMB against the USD was adjusted up by 40 points, reported at 7.0754. The People's Bank of China conducted a 79.3 billion yuan seven-day reverse repurchase operation, net withdrawing 134 billion yuan. China's November services PMI fell to 52.1, and the composite PMI dropped to 51.2, indicating the weakest expansion rate in service activities in the past five months

AASTOCKS

DYEC

The three major A-share indices in Shanghai and Shenzhen are slightly weak, with the ChiNext falling by 0.5%. Domestic property stocks are subdued, while coal and electricity stocks rise against the trend

According to the Zhitong Finance APP, ZMNY disclosed the power generation completion status for the first three quarters of 2025. As of September 30, 2025, the company's various projects cumulatively completed a power generation of 1,921,766,400 kWh, an increase of 1.25% compared to 1,898,101,300 kWh in the same period last year; the cumulative on-grid electricity reached 1,865,198,200 kWh, an increase of 1.32% compared to 1,840,957,000 kWh in the same period last year

Zhitong

In the first three quarters, ZMNY's cumulative power generation increased by 1.25% year-on-year

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600956

00956

Guosheng Securities research report indicates that from January to July, the trading volume of green electricity increased by 42% year-on-year, and the trading of green certificates increased by 43% year-on-year. From January to July, the trading volume in the electricity market grew by 3.2% year-on-year, accounting for 61% of the total electricity consumption. It is recommended to invest in the undervalued green electricity sector, with a focus on undervalued Hong Kong stocks in green electricity and wind power operators, and to pay attention to China Suntien Green Energy, ZMNY, and FUNENG CO.,LTD

FUNENG CO.,LTD.

China Suntien Green Energy

CHINA SUNTIEN

Guosheng Securities: Recommend to layout undervalued green electricity sector, with a priority focus on undervalued Hong Kong stocks in green electricity and wind power operators

According to the Zhitong Finance APP, ZMNY disclosed its semi-annual report for 2025. During the reporting period, the company achieved revenue of 794 million yuan, a year-on-year decrease of 2.95%; net profit attributable to the parent company was 314 million yuan, a year-on-year decrease of 8.07%; net profit excluding non-recurring gains and losses was 302 million yuan, a year-on-year decrease of 7.05%; basic earnings per share were 0.17 yuan

ZMNY released its semi-annual performance, with a net profit attributable to the parent company of 314 million yuan, a year-on-year decrease of 8.07%

ZMNY announced that as of June 30, 2025, the total power generation of its projects reached 1.405 billion kilowatt-hours, a decrease of 0.89% compared to 1.418 billion kilowatt-hours in the same period last year; the total on-grid electricity reached 1.366 billion kilowatt-hours, a decrease of 0.71% compared to 1.376 billion kilowatt-hours in the same period last year

ZMNY: Power generation in the first half of 2025 decreased by 0.89% year-on-year

According to the Zhitong Finance APP, ZMNY announced that its shareholder Fujian Huaxing Emerging Venture Capital Co., Ltd. (referred to as "Huaxing Emerging") plans to reduce its holdings of the company's shares by no more than 5.3254 million shares through centralized bidding and block trading

ZMNY shareholder Huaxing Emerging plans to reduce holdings by no more than 5.3254 million shares

According to the Zhitong Finance APP, ZMNY released its first quarter report for 2025. The company's operating revenue in the first quarter was 514 million yuan, a year-on-year increase of 10.43%; the net profit attributable to shareholders of the listed company was 251 million yuan, a year-on-year increase of 18.10%; the net profit attributable to shareholders of the listed company after deducting non-recurring gains and losses was 245 million yuan, a year-on-year increase of 20.01%; basic earnings per share were 0.1320 yuan/share

ZMNY released its first-quarter performance, with a net profit attributable to the parent company of 251 million yuan, a year-on-year increase of 18.1%

According to the announcement released by ZMNY, as of March 31, 2025, the company's various projects have cumulatively completed a power generation of 898,804.8 MWh, an increase of 12.40% compared to 799,679.0 MWh in the same period last year; the cumulative on-grid electricity volume reached 876,192.5 MWh, an increase of 12.89% compared to 776,181.0 MWh in the same period last year

ZMNY's power generation in the first quarter increased by 12.4% year-on-year

ZMNY announced that the company's board of directors received the resignation letter from Vice General Manager Lin Binmu, who resigned from the position due to job changes. According to relevant regulations, the resignation letter takes effect from the date it is delivered to the company's board of directors

ZMNY: Vice President Lin Binmu resigns

According to the Zhitong Finance APP, ZMNY disclosed the completion of power generation for the year 2024. In 2024, the company's subsidiaries cumulatively completed a power generation of 3,008,004.1 MWh, an increase of 2.47% compared to the same period last year; the cumulative on-grid electricity reached 2,923,541.3 MWh, an increase of 2.83% compared to the same period last year

In 2024, ZMNY's subsidiaries' cumulative power generation increased by 2.47% year-on-year

ZMNY(600163.SH)