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Mindong Electric Power: Earnings Forecast for the First Quarter of 2025
Fujian Mindong Electric Power (000993.SZ): Expected profit of 9 million to 13 million yuan in the first quarter, a turnaround from losses year-on-year.
On April 14, Gelonghui reported that Fujian Mindong Electric Power (000993.SZ) announced its performance forecast for the first quarter of 2025. From January to March, the company achieved a net income attributable to shareholders of the listed company between 9 million yuan and 13 million yuan, compared to a loss of 20.9606 million yuan in the same period last year; the net income excluding non-recurring gains and losses was between 3 million yuan and -7 million yuan, compared to a loss of 21.291 million yuan in the same period last year; basic EPS was between 0.02 yuan/share and 0.03 yuan/share. During the reporting period, precipitation in Ningde City increased compared to the same period last year, and hydropower generation and power sales increased compared to the same period last year.
Fujian Mindong Electric Power (000993.SZ): plans to invest in the establishment of Ningde Electric Investment Company.
On April 11, Gelonghui reported that Fujian Mindong Electric Power (000993.SZ) announced that the first temporary meeting of the ninth Board of Directors reviewed and approved the proposal to participate in the establishment of Ningde Electric Investment New Energy Co., Ltd. (with 9 votes in favor, 0 votes against, and 0 abstentions). The company agreed to invest 80 million yuan of its own funds, holding a 10% stake in partnership with State Power Investment Corporation Fujian Electric Power Co., Ltd. (hereinafter referred to as "SPIC Fujian") and Ningde Transportation Investment Group Co., Ltd. (hereinafter referred to as "Municipal Transportation Investment Group") to jointly establish Ningde Electric Investment New Energy Co., Ltd. (tentative name, referred to as "Ningde Electric Investment").
We Think That There Are More Issues For Fujian Mindong Electric Power Limited (SZSE:000993) Than Just Sluggish Earnings
Mindong Electric Power: 2024 Annual Report Summary
Mindong Electric Power: 2024 Annual Report
Improved Earnings Required Before Fujian Mindong Electric Power Limited Company (SZSE:000993) Stock's 25% Jump Looks Justified
