Independent Power and Renewable Electricity Producers

HCIG Energy

HCIG Energy released FY2026 Q1 earnings on April 28 After-Market BJT, actual revenue CNY 6.264 B, actual EPS CNY 0.331

HCIG Energy released FY2025 Annual Earnings on April 28 After-Market (BJT), Actual Revenue: CNY 22.79 B (Forecast: CNY 22.91 B), Actual EPS: CNY 1.038 (Forecast: CNY 0.995)

HCIG Energy released FY2025 Q4 earnings on April 28 After-Market (BJT), actual revenue CNY 6.303 B, actual EPS CNY 0.1587

HCIG Energy FY2026 Q1 Earnings Release on April 29 After-Market BJT

HCIG Energy to Release FY2025 Earnings on April 29 After-Market (BJT), Forecast Revenue CNY 22.91 B, EPS CNY 0.995

JEI released FY2025 9 Months Earnings on October 30 After-Market BJT, actual revenue CNY 16.48 B, actual EPS CNY 0.8759

JEI released FY2025 Q3 earnings on October 30 After-Market (BJT), actual revenue CNY 5.369 B, actual EPS CNY 0.3799

JEI to Release FY2025 Q3 Earnings on October 31 After-Market (BJT)

JEI released FY2025 Q2 earnings on August 15 During-Market (BJT), actual revenue CNY 4.538 B, actual EPS CNY 0.2489

JEI released FY2025 Semi-Annual earnings on August 15 During-Market BJT, actual revenue CNY 11.11 B, actual EPS CNY 0.497

JEI to Release FY2025 Semi-Annual Earnings on August 16, 2025 (BJT)

Jian Tou Energy Storage (Yuanshi) New Energy Technology Co., Ltd. Established

Eastwu Securities: Jian 投 Energy Exceeds Expectations in First Half of 2025

Jian Tou Energy Expected Net Profit to Increase by 153.39% in the First Half of 2025

Jian 投 Energy Announces Q2 2025 Power Generation and Heating Data

Jian 投 Energy Secretary Replied to Inquiries on Energy Storage Strategy and R&D Expenses

Chairman Cao Xin Resigns and Nominee Qin Gang for New Director Candidate of Jian 投 Energy

Jian Tou Energy Maintains ESG Rating at BB, Ranking Drops to 21st

Jian 投 Energi expects surplus in 2025 coal supply and demand

Beijing-Tianjin-Hebei Power Companies Expected to Exceed Expectations in 2024

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The A-share green electricity concept continues to adjust, with China Nuclear Engineering and China Power Construction both hitting the daily limit down. Datang Power, CH ENERGY ENG, Jiaze Renewables, Jinko Power, HCIG Energy, and CECWPC have all seen declines of over 5%

Wallstreetcn

GF CSI All Share Power Public Service ETF

CECWPC

Datang Power

ChinaAMC Green Electricity ETF

CNEC

Penghua SSE STAR New Energy ETF

Jinko Power

CH ENERGY ENG

POWERCHINA Ltd

Jiaze Renewables

Bosera CSI All Share Electric Utilities ETF

DATANG POWER

JEI announced that in the third quarter of 2025, it achieved operating revenue of 5.369 billion yuan, a year-on-year decrease of 4.63%; the net profit attributable to shareholders of the listed company was 686 million yuan, a year-on-year increase of 430.11%; basic earnings per share were 0.38 yuan. In the first three quarters, it achieved operating revenue of 16.482 billion yuan, a year-on-year decrease of 3.73%; the net profit attributable to shareholders of the listed company was 1.583 billion yuan, a year-on-year increase of 231.79%

Zhitong

JEI: Net profit in the third quarter was 686 million yuan, an increase of 430.11% year-on-year

Recently, thermal power companies have successively released their third-quarter reports or performance forecasts for the first three quarters of 2025. The sector is showing signs of profit recovery driven by the dual factors of a year-on-year decline in thermal coal prices and an increase in electricity demand during the peak summer season. Among them, JEI expects a year-on-year increase in net profit of up to 231.75% for the first three quarters. Some industry insiders in the coal sector believe that the fourth quarter will see a game between the resilience of heating season demand and rising coal prices, which may become a key variable for the continued profitability of the thermal power industry

Coal prices have fallen while demand has risen, leading to a significant recovery in the profits of thermal power companies in the first three quarters

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The power sector rose, with Shanghai Electric hitting the daily limit, SHIMAO ENERGY up over 8%, and CSG Technology, JEI, and BJP also rising

SHIMAO ENERGY

CSG Technology

The power sector rises, and Shanghai Electric hits the daily limit

JEI expects that the net profit attributable to shareholders for the first three quarters of 2025 will reach 1.583 billion yuan, a year-on-year increase of 231.75%; the net profit after deducting non-recurring gains and losses will be 1.546 billion yuan, a year-on-year increase of 315.28%. The company stated that the reduction in costs of thermal power business and the decline in coal market prices are the main reasons for the increase in profits

With the reduction in costs for thermal power business, JEI expects its net profit attributable to shareholders in the first three quarters to increase by 231.75% year-on-year to 1.583 billion yuan

On the evening of September 4th, JEI announced that the company received a reply from its controlling shareholder, Hebei Construction Investment Group, agreeing to the plan for the company to issue no more than 231 million shares to no more than 35 specific targets through a bidding process

JEI: Approval from Hebei Construction Investment Group for issuing stocks to specific targets

As of August 22, 13 companies in the A-share thermal power sector have released their semi-annual reports for 2025, among which 6 companies reported a year-on-year increase in net profit, and 3 companies reduced their losses. 9 companies issued performance forecasts for the first half of the year. In response to industry transformation and the pressures of renewable energy development, the thermal power industry is accelerating technological upgrades and diversified layouts, such as JEI increasing its investment in new energy business and Zhejiang Zheneng Electric Power expanding into nuclear energy business

Thermal power companies diversify their layout to seek development

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The disclosure of A-share semi-annual reports is accelerating. According to Wind data, as of 5 PM on August 18, a total of 531 listed companies in the A-share market have disclosed their semi-annual reports for 2025, with 353 companies achieving a year-on-year growth in net profit attributable to shareholders, accounting for approximately 66.48%. Many leading listed companies have performed well. Some listed companies, represented by JEI and Huafa Properties, have exceeded expectations in their semi-annual report performance. From the perspective of dividends, among the listed companies that have released semi-annual reports, 101 companies have announced cash dividend plans

Huafa Properties

A-share semi-annual report performance differentiation: Over 60% of companies see net profit growth, with leading enterprises performing brilliantly

According to the Zhitong Finance APP, JEI has announced a plan for a private placement of shares in 2025, with the total amount of funds raised not exceeding 2 billion yuan (including the principal). The net proceeds from the fundraising, after deducting issuance costs, are intended to be invested in the Xibaipo Power Plant Phase IV project

JEI plans to raise no more than 2 billion yuan through a private placement of stocks

JEI released its semi-annual report for 2025, reporting an operating income of 11.113 billion yuan, a year-on-year decrease of 3.28%; net profit attributable to shareholders of 897 million yuan, a year-on-year increase of 157.96%; net profit excluding non-recurring gains and losses of 880 million yuan, a year-on-year increase of 182.50%; basic earnings per share of 0.497 yuan

JEI released its performance for the first half of the year, with a net profit attributable to the parent company of 897 million yuan, a year-on-year increase of 157.96%

HCIG Energy(000600.SZ)