Sichuan Energy net profit up 17.3%, revenue climbs

Sichuan Energy Investment Development (HKEX: 1713) reported a net profit of RMB 401.2 million for the year ended December 31, 2024, a 17.3% increase year-over-year. Operating revenue rose 14.8% to RMB 4,775.6 million, fueled by a 6.8% surge in China's overall power consumption and a robust 11.2% increase in Yibin City, Sichuan Province. The company's general power supply business led growth, accounting for 83.8% of principal business revenue. Earnings per share reached RMB 0.37, up from RMB 0.32 in the previous year.