Sichuan Chuantou Energy redeems wealth products, updates investors

Sichuan Chuantou Energy Company Limited has announced the maturity and redemption of wealth management products totaling 170,400 yuan that were purchased with idle raised funds, yielding a total actual profit of 2,427.78 yuan. These investments, from Industrial and Commercial Bank of China and Bank of Communications, had an annualized return rate ranging from 1.05% to 2.35%. The company previously approved the use of up to 1.5 bn yuan in idle funds for wealth management, with a maximum single-day investment of 1.42 bn yuan within the authorized period.

This announcement follows the company's semi-annual earnings conference held on October 21, 2025, where chairman Wu Xiaoxi and other executives discussed the 2025 half-year operating results and financial condition with investors. Key topics included the impact of new electricity spot market policies in Sichuan on hydropower, profitability of new photovoltaic projects, and the operational status and profitability of the Jinshajiang Yinjiang Hydropower Station.

The company affirmed its commitment to optimizing asset structure, controlling costs, and enhancing profitability for long-term sustainable development, while also confirming its support for major clean energy base projects within the Dadu River and Yalong River basins. Sichuan Chuantou Energy further indicated that its new three-year dividend return plan is expected to be released in early 2026.