On September 11, the official website of the Shanghai Stock Exchange showed that the main board IPO application of China Electric Power Construction (China Electric Power Construction New Energy Group Co., Ltd.) Was accepted, and 9 billion yuan was to be raised for wind power, photovoltaic and other projects.
It is reported that Power Construction Xinneng was established in 2004, and the net profit attributable to the parent company from 2022 to 2024 is 1.77 billion yuan, 2.33 billion yuan and 2.59 billion yuan respectively; the revenue in the first quarter of 2025 is 2.66 billion yuan, and the net profit is 510 million yuan.
Among them , the proportion of photovoltaic business revenue rose from 15.47% to 28.94%, and dropped slightly to 28.38% in the first quarter of this year.
Recently, the power giant has sped up the listing of new energy assets: in March, the IPO application of China Resources New Energy on the main board of Shenzhen Stock Exchange was accepted, and it planned to raise 24.5 billion yuan; in July, Huadian New Energy landed on the main board of Shanghai Stock Exchange, and raised 18.1 billion yuan, becoming the largest IPO project in the year.
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