GD Power prioritizes stability, green growth, and shareholder returns

GD Power Development (SSE:600795) has announced its commitment to maintaining energy security and pursuing green development while enhancing shareholder returns. The company's power generation capacity reached 111.70 million kilowatts by the end of 2024, with a mix of thermal, hydro, wind, and solar power. GD Power is focused on optimizing operations and maintaining stable fuel inventories and reservoir levels to ensure a reliable energy supply. The company is also focused on increasing shareholder returns through consistent cash dividends, evaluating interim dividend distributions, and formulating sustainable profit distribution policies. The controlling shareholder, National Energy Investment Group, increased its holdings in GD Power by 96,645,935 A-shares between October 2023 and October 2024, representing 0.54% of the company's total share capital, for a total of CNY39,918.57 million, signaling confidence in the company's future. GD Power is further committed to green energy transition and is actively developing renewable energy projects, including hydro and wind power, focusing on integrated "water-wind-solar-storage" projects.