Shaangu Power reports Q3 earnings, extends €2.35 bn guarantee for EKOL

Shaangu Power Co., Ltd. has issued its third-quarter report for 2025, detailing financial performance with total operating revenue of RMB 7,185,532,880.03 and net profit attributable to shareholders of RMB 617,482,195.40 for the first three quarters. The company also announced a -35.45% decrease in net cash flow from operating activities, primarily due to increased restricted bank deposits and adjustments in wealth management structures.

In a related development, the board approved a credit guarantee for its wholly-owned subsidiary, EKOL, for an amount not exceeding €2.35 billion. This guarantee supports EKOL's bank credit line for an EPC project and is valid for a period not exceeding three years. EKOL will provide counter-guarantees using its fixed assets, inventory, and equity holdings in its subsidiaries. As of the announcement date, the total outstanding external guarantees for the company and its controlled subsidiaries amount to €4949.16 million, representing 0.56% of the company's latest audited net assets.

The company will host a performance briefing on November 3, 2025, to discuss these results and address investor questions. This session will be conducted online via the Shanghai Stock Exchange Roadshow Center.