HANGZHOU COGENERATION GROUP: Chairman Liu Xiangjian resigns due to work adjustment

HANGZHOU COGENERATION GROUP announced that the company's board of directors recently received a written resignation letter from Chairman Liu Xiangjian. Due to work adjustments, Liu Xiangjian resigned from the positions of Chairman, Director, and Chairman and member of the Board's Strategic Committee. His resignation will take effect from the date it is delivered to the board of directors and is considered as simultaneously resigning from the position of legal representative. During the vacancy of the chairman, the company will have a director elected by more than half of the directors to preside over the board or shareholders' meeting. The company will complete the relevant work for the re-election of directors and the election of the chairman as soon as possible

The A-share power sector experienced unusual fluctuations, with Hangzhou Cables hitting the daily limit and HANGZHOU COGENERATION GROUP reaching the daily limit

HANGZHOU COGENERATION GROUP: Net profit of 110 million yuan in the first half of 2025, a year-on-year decrease of 5.52%

HANGZHOU COGENERATION GROUP announced that in the first half of 2025, operating revenue was 1.515 billion yuan, a year-on-year decrease of 9.69%. Net profit was 110 million yuan, a year-on-year decrease of 5.52%. The company plans to distribute a cash dividend of 0.06 yuan per share to all shareholders based on the total share capital registered on the equity distribution record date, with a total cash dividend distribution of 24.06 million yuan

The four major shareholders of HANGZHOU COGENERATION GROUP plan to reduce their holdings by a total of no more than 4.09% of the shares

HANGZHOU COGENERATION GROUP announced that four shareholders plan to reduce their holdings by a total of no more than 4.09% of the shares. Huashi Investment will reduce its holdings by no more than 5.997 million shares (accounting for 1.4989% of the total share capital) within 3 trading days after the announcement, through centralized bidding and block trading. Hangre No. 1, Hangre No. 2, and Hangre No. 3 will reduce their holdings by no more than 3.4615 million shares (accounting for 0.8652%), 3.6132 million shares (accounting for 0.9031%), and 3.2964 million shares (accounting for 0.8239%) respectively within 15 trading days after the announcement

HANGZHOU COGENERATION GROUP: Net profit of 36.8482 million yuan in the first quarter of 2025, a year-on-year decrease of 18.20%

HANGZHOU COGENERATION GROUP announced that its revenue for the first quarter of 2025 was 643 million yuan, a year-on-year decrease of 15.93%; net profit was 36.8482 million yuan, a year-on-year decrease of 18.20%