Shanghai Electric Power renews new energy deal, reports strong Q3 results

Shanghai Electric Power Co. Ltd. will continue providing new energy project management services to Shanghai Energy Technology Development Co. Ltd., a subsidiary of its controlling shareholder, State Power Investment Group Co. Ltd. This related transaction involves managing new energy projects with a total installed capacity of approximately 1.6 million kilowatts. The service period extends until September 30, 2027, or until Shanghai Energy Tech sells the equity of these projects, with an estimated annual fee of CNY 120 million (excluding tax).

The company's third-quarter financial report for 2025 shows positive performance. From January to September 2025, operating revenue reached CNY 32.15 billion, with a net profit attributable to shareholders of CNY 3.05 billion, marking a 24.04% increase year-on-year. Basic and diluted earnings per share were CNY 1.0008, up 26.52% from the previous year.

The increase in net cash flow from operating activities by 65.52% to CNY 12.43 billion was primarily attributed to a decrease in coal prices. Total assets as of September 30, 2025, stood at CNY 200.86 billion, an increase of 6.06% from the end of the previous year.